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Nonprofiteer
← SAVANNAH CLASSICAL ACADEMY FOUNDATION INC

Form 990 for tax year 2023

Filed by SAVANNAH CLASSICAL ACADEMY FOUNDATION INC.

Totals

Total revenue
$1,421,299
Total expenses
$277,188
Contributions and grants received
$1,210,526
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$210,773
Total assets, end of year
$7,808,979
Total liabilities, end of year
$4,409,755
Net assets or fund balances, end of year
$3,399,224
Program services expenses (Part IX)
$32,013
Management and general expenses
$128,541
Fundraising expenses
$116,634
Program service expenses (Part III)
$32,013

Program services were 11.5% 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

    $1,210,526

  • 6a · Gross rents

    real property $664,758

  • 6b · Less rental expenses

    real property $407,310

  • 6c · Rental income or loss

    real property $257,448

  • 6d · Net rental income or loss

    total $257,448 · related or exempt $257,448

  • 11a · Other revenue: NPV PLEDGES

    total -$46,675 · related or exempt -$46,675

  • 11e · Other revenue, total

    -$46,675

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $117,603 · management and general $23,521 · fundraising $94,082

  • 9 · Other employee benefits

    total $10,000 · management and general $2,000 · fundraising $8,000

  • 10 · Payroll taxes

    total $8,871 · management and general $1,774 · fundraising $7,097

  • 11b · Fees: legal

    total $9,412 · program services $9,412

  • 11c · Fees: accounting

    total $11,300 · program services $11,300

  • 12 · Advertising and promotion

    total $2,337 · fundraising $2,337

  • 16 · Occupancy

    total $840 · management and general $840

  • 22 · Depreciation, depletion and amortization

    total $655 · program services $655

  • 24a · Other expenses: PROVISION FOR PLEDGES

    total $100,000 · management and general $100,000

  • 24b · Other expenses: GRANTS

    total $8,000 · program services $8,000

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,886 · fundraising $2,886

  • 24d · Other expenses: SUPPLIES

    total $2,646 · program services $2,646

  • 24e · All other expenses

    total $2,638 · management and general $406 · fundraising $2,232

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $363,434 · end of year $64,568

  • 3 · Pledges and grants receivable

    beginning of year $1,618,806 · end of year $1,040,038

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

    $7,195,692

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

    $495,268

  • 10c · Land, buildings and equipment, net

    beginning of year $10,354,944 · end of year $6,700,424

  • 15 · Other assets

    beginning of year $3,565 · end of year $3,949

  • 17 · Accounts payable and accrued expenses

    end of year $21,248

  • 19 · Deferred revenue

    end of year $43,058

  • 25 · Other liabilities

    beginning of year $5,576,032 · end of year $4,345,449

  • 27 · Net assets without donor restrictions

    beginning of year $6,764,717 · end of year $3,399,224

Mission and programs · 2023

Mission

THE SAVANNAH CLASSICAL ACADEMY FOUNDATION, A CHARITABLE, NON-PROFIT ORGANIZATION IS DEDICATED TO RAISING AND STEWARDING FUNDS TO PROVIDE EDUCATIONAL RESOURCES, IMPROVE THE EDUCATIONAL ENVIRONMENT, AND SUPPORT THE EDUCATIONAL AND EXTRACURRICULAR PROGRAMS FOR THE ENRICHMENT, BETTERMENT AND EDUCATIONAL EXCELLENCE OF THE STUDENTS OF THE SAVANNAH CLASSICAL ACADEMY SCHOOL.

  • THE SAVANNAH CLASSICAL ACADEMY FOUNDATION, A CHARITABLE, NON-PROFIT ORGANIZATION IS DEDICATED TO RAISING AND STEWARDING FUNDS TO PROVIDE EDUCATIONAL RESOURCES, IMPROVE THE EDUCATIONAL ENVIRONMENT, AND SUPPORT THE EDUCATIONAL AND EXTRACURRICULAR PROGRAMS FOR THE ENRICHMENT, BETTERMENT AND EDUCATIONAL EXCELLENCE OF THE STUDENTS OF THE SAVANNAH CLASSICAL ACADEMY SCHOOL.

    Expenses $32,013

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

Listed in Part VII

  • Terri O'Neil

    EXECUTIVE DI

    Total calculated
    $117,603
    From this org
    $117,603
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Falen Cox

    SECRETARY

    Total calculated
    $0

  • Joseph L Herring

    BOARD MEMBER

    Total calculated
    $0

  • Leslie Littlejohn

    BOARD MEMBER

    Total calculated
    $0

  • David Paddison

    BOARD MEMBER

    Total calculated
    $0

  • Mark V Smith

    PRESIDENT AN

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2025
IRS schema version
2023v6.0
Source object
202531219349301773

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