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Nonprofiteer
← THE SAE SCHOOL INC

Form 990 for tax year 2023

Filed by THE SAE SCHOOL INC.

Totals

Total revenue
$5,710,250
Total expenses
$5,077,388
Contributions and grants received
$219,357
Grants paid
$377,804
Program service revenue
$5,331,445
Investment income
$99,769
Other revenue
$59,679
Total assets, end of year
$10,712,991
Total liabilities, end of year
$7,487,179
Net assets or fund balances, end of year
$3,225,812
Program services expenses (Part IX)
$4,534,305
Management and general expenses
$362,532
Fundraising expenses
$180,551
Program service expenses (Part III)
$4,534,305

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $219,357

  • 2a · Program service revenue: TUITION AND FEES

    total $5,044,450 · related or exempt $5,044,450

  • 2b · Program service revenue: CAMPS AND CLUBS

    total $176,713 · related or exempt $176,713

  • 2c · Program service revenue: AFTER SCHOOL PROGRAMS

    total $110,282 · related or exempt $110,282

  • 3 · Investment income

    total $99,769 · excluded $99,769

  • 8a · Fundraising events: gross income

    $59,679

  • 8c · Net income from fundraising events

    total $59,679

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $377,804 · program services $377,804

  • 5 · Compensation of officers, directors and key employees

    total $366,369 · program services $330,059 · management and general $18,155 · fundraising $18,155

  • 7 · Other salaries and wages

    total $2,429,027 · program services $2,188,299 · management and general $120,364 · fundraising $120,364

  • 8 · Pension plan contributions

    total $54,705 · program services $49,283 · management and general $2,711 · fundraising $2,711

  • 9 · Other employee benefits

    total $164,230 · program services $147,954 · management and general $8,138 · fundraising $8,138

  • 10 · Payroll taxes

    total $214,423 · program services $193,173 · management and general $10,625 · fundraising $10,625

  • 11b · Fees: legal

    total $38,943 · program services $4,644 · management and general $29,656 · fundraising $4,643

  • 11g · Fees: other

    total $77,861 · program services $77,861

  • 12 · Advertising and promotion

    total $34,168 · program services $11,618 · management and general $11,275 · fundraising $11,275

  • 13 · Office expenses

    total $17,858 · program services $17,256 · management and general $602

  • 14 · Information technology

    total $20,040 · program services $20,040

  • 17 · Travel

    total $2,007 · program services $2,007

  • 20 · Interest

    total $163,516 · program services $155,340 · management and general $8,176

  • 22 · Depreciation, depletion and amortization

    total $246,441 · program services $234,119 · management and general $12,322

  • 23 · Insurance

    total $261,490 · program services $130,745 · management and general $130,745

  • 24a · Other expenses: CLASSROOM SUPPLIES

    total $146,069 · program services $146,069

  • 24b · Other expenses: FOOD SERVICES

    total $125,081 · program services $125,081

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $67,874 · program services $67,874

  • 24d · Other expenses: JANITORIAL SERVICES

    total $50,898 · program services $48,353 · management and general $2,545

  • 24e · All other expenses

    total $218,584 · program services $206,726 · management and general $7,218 · fundraising $4,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,755 · end of year $51,716

  • 4 · Accounts receivable

    beginning of year $3,938,834 · end of year $4,021,677

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,973 · end of year $213,830

  • 10a · Land, buildings and equipment: cost or other basis

    $5,543,588

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,416,621

  • 10c · Land, buildings and equipment, net

    beginning of year $4,249,100 · end of year $4,126,967

  • 11 · Investments: publicly traded securities

    beginning of year $1,500,906 · end of year $2,071,274

  • 15 · Other assets

    beginning of year $224,787 · end of year $227,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,053 · end of year $64,788

  • 19 · Deferred revenue

    beginning of year $3,942,383 · end of year $4,007,899

  • 24 · Unsecured notes and loans payable

    beginning of year $3,528,480 · end of year $3,400,872

  • 25 · Other liabilities

    beginning of year $18,489 · end of year $13,620

  • 27 · Net assets without donor restrictions

    beginning of year $2,592,950 · end of year $3,225,812

Mission and programs · 2023

Mission

THE SCHOOL'S MISSION IS TO DISCOVER, NURTURE, AND PROTECT EACH CHILD'S INDIVIDUAL LIFE AND ACADEMIC JOURNEY. WE BELIEVE THAT STUDENTS SHOULD HAVE A FUN, SAFE AND RIGOROUS EDUCATIONAL EXPERIENCE THAT PREPARES THEM TO BE THE LEADERS, INNOVATORS, AND INFLUENCERS OF THEIR GENERATION.

  • THE SAE SCHOOL IS AN INDEPENDENT SCHOOL FOUNDED IN 2011 BY A GROUP OF LOCAL PARENTS AND EDUCATORS TO CREATE A SCHOOL THAT FOCUSES ON THE NEEDS OF THE INDIVIDUAL STUDENT THROUGH A PROJECT BASED LEARNING INSTRUCTIONAL MODEL. OPENING ITS DOORS ON AUGUST 13TH, 2013 WITH 118 STUDENTS IN PRESCHOOL THROUGH EIGHTH GRADE AND GREW THROUGH THE YEARS TO 400. THE SCHOOL RECEIVED ACCREDITATION THROUGH THE GEORGIA ACCREDITING COMMISSION EFFECTIVE AS OF JULY 2013. THERE IS TREMENDOUS DIVERSITY REPRESENTED WITHIN THE STUDENT BODY: 85% AFRICAN AMERICAN / 5% CAUCASIAN / 5% MULTI-ETHNIC / 5% HISPANIC. ADDITIONALLY, THE SCHOOL SERVES A DIVERSE COMMUNITY OF LEARNERS THROUGH ITS INCLUSION EDUCATION PROGRAM. STUDENTS WITH DIAGNOSED LEARNING DIFFERENCES ARE FULLY INCLUDED WITH ADDITIONAL SUPPORT DESIGNED ON A STUDENT BY STUDENT BASIS TO ENSURE THAT EACH CHILD RECEIVES AND ACADEMIC EXPERIENCE CONDUCIVE TO THEIR LEARNING STYLE. FUNDRAISING EFFORTS ENGAGED STUDENTS, PARENTS AND SUPPORTING COMMUNITY MEMBERS TO CREATE ADDITIONAL SUPPORT INCLUDING SCHOLARSHIPS, SUPPLIES FOR SPECIAL EVENTS, FIELD TRIP FUNDING AND OTHER PROGRAM ENHANCEMENTS.

    Expenses $4,204,246 · Grants $377,804 · Revenue $4,953,641

  • THE SAE SCHOOL IS AN INDEPENDENT SCHOOL FOUNDED IN 2011 BY A GROUP OF LOCAL PARENTS AND EDUCATORS TO CREATE A SCHOOL THAT FOCUSES ON THE NEEDS OF THE INDIVIDUAL STUDENT THROUGH A PROJECT BASED LEARNING INSTRUCTIONAL MODEL. OPENING ITS DOORS ON AUGUST 13TH, 2013 WITH 118 STUDENTS IN PRESCHOOL THROUGH EIGHTH GRADE AND GREW THROUGH THE YEARS TO 400. THE SCHOOL RECEIVED ACCREDITATION THROUGH THE GEORGIA ACCREDITING COMMISSION EFFECTIVE AS OF JULY 2013. THERE IS TREMENDOUS DIVERSITY REPRESENTED WITHIN THE STUDENT BODY: 85% AFRICAN AMERICAN / 5% CAUCASIAN / 5% MULTI-ETHNIC / 5% HISPANIC. ADDITIONALLY, THE SCHOOL SERVES A DIVERSE COMMUNITY OF LEARNERS THROUGH ITS INCLUSION EDUCATION PROGRAM. STUDENTS WITH DIAGNOSED LEARNING DIFFERENCES ARE FULLY INCLUDED WITH ADDITIONAL SUPPORT DESIGNED ON A STUDENT BY STUDENT BASIS TO ENSURE THAT EACH CHILD RECEIVES AND ACADEMIC EXPERIENCE CONDUCIVE TO THEIR LEARNING STYLE. FUNDRAISING EFFORTS ENGAGED STUDENTS, PARENTS AND SUPPORTING COMMUNITY MEMBERS TO CREATE ADDITIONAL SUPPORT INCLUDING SCHOLARSHIPS, SUPPLIES FOR SPECIAL EVENTS, FIELD TRIP FUNDING AND OTHER PROGRAM ENHANCEMENTS.

    Expenses $330,059 · Revenue $59,679

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Starowicz

    CFO

    Total calculated
    $150,417
    From this org
    $150,417
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,417
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $150,417

  • Desmond Bobbett

    PRINCIPAL

    Total calculated
    $110,417
    From this org
    $110,417
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shannan Tilson

    DIRECTOR OPE

    Total calculated
    $75,833
    From this org
    $75,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tinashe Kajese-Bolden

    BOARD MEMBER

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tyrone Mitchell

    BOARD MEMBER

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kenneth Newby

    BOARD MEMBER

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Steve Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mindy Fortson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lt Chris Hyatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bryan Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Maurice Pritchett

    CHAIR OF BOA

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.0
Source object
202403119349301230

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