Totals
- Total revenue
- $13,802,961
- Total expenses
- $11,947,089
- Contributions and grants received
- $3,583,814
- Grants paid
- $0
- Program service revenue
- $9,835,753
- Investment income
- $372,868
- Other revenue
- $10,526
- Total assets, end of year
- $28,969,731
- Total liabilities, end of year
- $9,376,879
- Net assets or fund balances, end of year
- $19,592,852
- Program services expenses (Part IX)
- $10,002,380
- Management and general expenses
- $1,442,008
- Fundraising expenses
- $502,701
- Program service expenses (Part III)
- $10,002,380
Program services were 83.7% 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.
-
1c · Fundraising events
$247,520
-
1f · All other contributions, gifts and grants
$3,336,294
-
1g · Noncash contributions included above
$843,495
-
2a · Program service revenue: TUITION AND FEES
total $8,837,593 · related or exempt $8,837,593
-
2b · Program service revenue: AUXILIARY REVENUE
total $689,229 · related or exempt $689,229
-
2c · Program service revenue: OTHER INCOME
total $308,931 · related or exempt $308,931
-
3 · Investment income
total $188,213 · excluded $188,213
-
7a · Gross sales of assets other than inventory
securities $2,044,420
-
7b · Less cost or other basis and sales expenses
securities $1,847,884 · other assets $11,881
-
7c · Gain or loss
securities $196,536 · other assets -$11,881
-
7d · Net gain or loss
total $184,655 · excluded $184,655
-
8a · Fundraising events: gross income
$135,028
-
8a · Fundraising events: contributions included on line 1c
$247,520
-
8b · Fundraising events: direct expenses
$124,502
-
8c · Net income from fundraising events
total $10,526 · excluded $10,526
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $240,151 · program services $72,045 · management and general $84,053 · fundraising $84,053
-
7 · Other salaries and wages
total $4,688,632 · program services $3,870,981 · management and general $605,977 · fundraising $211,674
-
8 · Pension plan contributions
total $263,102 · program services $210,482 · management and general $36,834 · fundraising $15,786
-
9 · Other employee benefits
total $670,919 · program services $561,341 · management and general $69,238 · fundraising $40,340
-
10 · Payroll taxes
total $389,395 · program services $311,516 · management and general $54,515 · fundraising $23,364
-
11c · Fees: accounting
total $43,725 · management and general $43,725
-
11e · Fees: professional fundraising services
total $5,927 · fundraising $5,927
-
11f · Fees: investment management
total $10,224 · management and general $10,224
-
12 · Advertising and promotion
total $31,002 · management and general $964 · fundraising $30,038
-
14 · Information technology
total $145,165 · program services $4,773 · management and general $132,602 · fundraising $7,790
-
17 · Travel
total $87,038 · program services $86,994 · fundraising $44
-
20 · Interest
total $41,478 · management and general $41,478
-
22 · Depreciation, depletion and amortization
total $679,462 · program services $631,900 · management and general $47,562
-
23 · Insurance
total $196,812 · program services $15,274 · management and general $180,500 · fundraising $1,038
-
24a · Other expenses: FINANCIAL AID AND STAFF
total $1,885,639 · program services $1,885,639
-
24b · Other expenses: BUILDING REPAIRS & MAIN
total $545,636 · program services $536,927 · management and general $128 · fundraising $8,581
-
24c · Other expenses: SPECIAL EVENTS
total $302,726 · program services $276,382 · management and general $17,831 · fundraising $8,513
-
24d · Other expenses: UTILITIES
total $243,506 · program services $229,276 · management and general $12,752 · fundraising $1,478
-
24e · All other expenses
total $1,476,550 · program services $1,308,850 · management and general $103,625 · fundraising $64,075
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,976,498 · end of year $1,364,657
-
2 · Savings and temporary cash investments
beginning of year $1,076,797 · end of year $507,076
-
3 · Pledges and grants receivable
beginning of year $3,622,295 · end of year $3,279,038
-
4 · Accounts receivable
beginning of year $1,080,367 · end of year $1,313,605
-
9 · Prepaid expenses and deferred charges
beginning of year $138,979 · end of year $239,606
-
10a · Land, buildings and equipment: cost or other basis
$24,807,144
-
10b · Land, buildings and equipment: accumulated depreciation
$6,720,437
-
10c · Land, buildings and equipment, net
beginning of year $13,507,362 · end of year $18,086,707
-
11 · Investments: publicly traded securities
beginning of year $3,740,167 · end of year $4,134,604
-
14 · Intangible assets
beginning of year $48,359 · end of year $44,438
-
17 · Accounts payable and accrued expenses
beginning of year $515,027 · end of year $822,655
-
19 · Deferred revenue
beginning of year $6,146,832 · end of year $6,898,515
-
23 · Secured mortgages and notes payable
beginning of year $1,795,551 · end of year $1,655,709
-
27 · Net assets without donor restrictions
beginning of year $9,748,940 · end of year $13,174,402
-
28 · Net assets with donor restrictions
beginning of year $7,984,474 · end of year $6,418,450
Mission and programs · 2022
Mission
TO MAXIMIZE EACH STUDENT'S POTENTIAL AND PREPARE HIM/HER FOR COLLEGE AND ADULT LIFE THROUGH THE DEVELOPMENT OF MIND, BODY, AND SPIRIT.
-
FREDERICA ACADEMY SERVES APPROXIMATELY 450 STUDENTS IN GRADES PK-12 EACH YEAR. FREDERICA ACADEMY'S COLLEGE PREPARATORY PROGRAM SERVES FAMILIES FROM GLYNN AND THE SURROUNDING COUNTIES AND IS THE ONLY INDEPENDENT SCHOOL BETWEEN JACKSONVILLE, FLORIDA AND SAVANNAH, GEORGIA. FREDERICA'S NEED-BASED FINANCIAL AID PROGRAM PROMOTES ETHNIC AND ECONOMIC DIVERSITY.
Expenses $10,002,380 · Revenue $9,835,753
As filed on the 2022 return.
Listed in Part VII
-
Alfred SamsALFRED SAMS
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Ann McGlaughlinANN MCGLAUGHLIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Charlie DorminyCHARLIE DORMINY
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Dana CarterDANA CARTER
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Deborah WrightDEBORAH WRIGHT
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Greer BrownGREER BROWN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie BrooksBONNIE BROOKS
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Hillary JohnstonHILLARY JOHNSTON
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Jared VannJARED VANN
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Jim WalkerJIM WALKER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kim JohnsonKIM JOHNSON
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Kirk WatsonKIRK WATSON
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Kristi HarrisonKRISTI HARRISON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Valerie DunnVALERIE DUNN
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Oscar PatronOSCAR PATRON
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Steve HooverSTEVE HOOVER
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Susan MyersSUSAN MYERS
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Nancy DelongNANCY DELONG
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Zach PowellZACH POWELL
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Adam HagforsADAM HAGFORS
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Tracey OwensTRACEY OWENS
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Allison ReidALLISON REID
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Jeff ShiverJEFF SHIVER
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
Dan SpeightDAN SPEIGHT
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 1
-
John PopeJOHN POPE
EMPLOYEE
- Total calculated
- $135,890
- From this org
- $120,495
- From related orgs
- $0
- Other
- $15,395
- Hours/week
- 40
-
Scott HutchinsonSCOTT HUTCHINSON
HEAD OF SCHOOL
- Total calculated
- $264,903
- From this org
- $240,150
- From related orgs
- $0
- Other
- $24,753
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,150
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $240,150
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FREDERICA ACADEMY FOUNDATION INC
501(C)(3) · TO RECEIVE CONTRIBUTIONS AND TRANSFER THEM TO ACADEMY (CLOSED 9/21/21) · GA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349302514
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