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Nonprofiteer
← THE SAE SCHOOL INC

Form 990 for tax year 2024

Filed by THE SAE SCHOOL INC.

Totals

Total revenue
$5,233,747
Total expenses
$5,061,166
Contributions and grants received
$141,698
Grants paid
$338,978
Program service revenue
$4,996,550
Investment income
$94,888
Other revenue
$611
Total assets, end of year
$10,326,459
Total liabilities, end of year
$6,928,066
Net assets or fund balances, end of year
$3,398,393
Program services expenses (Part IX)
$4,539,992
Management and general expenses
$329,850
Fundraising expenses
$191,324
Program service expenses (Part III)
$4,539,992

Program services were 89.7% 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.

  • 1f · All other contributions, gifts and grants

    $141,698

  • 1g · Noncash contributions included above

    $23,369

  • 2a · Program service revenue: TUTION AND FEES

    total $4,700,594 · related or exempt $4,700,594

  • 2b · Program service revenue: CAMPS AND CLUBS

    total $161,848 · related or exempt $161,848

  • 2c · Program service revenue: AFTER SCHOOL PROGRAMS

    total $134,108 · related or exempt $134,108

  • 3 · Investment income

    total $94,888 · excluded $94,888

  • 6a · Gross rents

    real property $1,429

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,429

  • 6d · Net rental income or loss

    total $1,429 · excluded $1,429

  • 10a · Gross sales of inventory

    $1,047

  • 10b · Cost of goods sold

    $1,865

  • 10c · Net income from sales of inventory

    total -$818 · excluded -$818

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $338,978 · program services $338,978

  • 5 · Compensation of officers, directors and key employees

    total $391,000 · program services $351,900 · management and general $19,550 · fundraising $19,550

  • 7 · Other salaries and wages

    total $2,378,361 · program services $2,140,525 · management and general $118,918 · fundraising $118,918

  • 8 · Pension plan contributions

    total $43,515 · program services $39,163 · management and general $2,176 · fundraising $2,176

  • 9 · Other employee benefits

    total $134,972 · program services $121,474 · management and general $6,749 · fundraising $6,749

  • 10 · Payroll taxes

    total $206,261 · program services $185,635 · management and general $10,313 · fundraising $10,313

  • 11b · Fees: legal

    total $16,331 · program services $4,082 · management and general $8,166 · fundraising $4,083

  • 11c · Fees: accounting

    total $18,076 · program services $4,084 · management and general $9,909 · fundraising $4,083

  • 11g · Fees: other

    total $92,659 · program services $92,659

  • 12 · Advertising and promotion

    total $62,516 · program services $21,256 · management and general $20,630 · fundraising $20,630

  • 13 · Office expenses

    total $37,458 · program services $27,816 · management and general $4,820 · fundraising $4,822

  • 14 · Information technology

    total $24,617 · program services $24,617

  • 16 · Occupancy

    total $48,924 · program services $46,488 · management and general $2,436

  • 17 · Travel

    total $4,579 · program services $4,579

  • 20 · Interest

    total $148,540 · program services $141,113 · management and general $7,427

  • 22 · Depreciation, depletion and amortization

    total $263,988 · program services $250,789 · management and general $13,199

  • 23 · Insurance

    total $198,666 · program services $99,333 · management and general $99,333

  • 24a · Other expenses: FOOD SERVICES

    total $119,532 · program services $119,532

  • 24b · Other expenses: JANITORIAL SUPPLIES &

    total $78,930 · program services $74,618 · management and general $4,312

  • 24c · Other expenses: CLASSROOM SUPPLIES

    total $72,888 · program services $72,888

  • 24d · Other expenses: AFTER SCHOOL PROGRAM

    total $48,158 · program services $48,158

  • 24e · All other expenses

    total $332,217 · program services $330,305 · management and general $1,912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,716 · end of year $276,421

  • 4 · Accounts receivable

    beginning of year $4,021,677 · end of year $3,787,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $213,830 · end of year $161,891

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

    $5,929,867

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

    $1,680,581

  • 10c · Land, buildings and equipment, net

    beginning of year $4,126,967 · end of year $4,249,286

  • 11 · Investments: publicly traded securities

    beginning of year $2,071,274 · end of year $1,768,822

  • 15 · Other assets

    beginning of year $227,527 · end of year $82,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,788 · end of year $58,010

  • 19 · Deferred revenue

    beginning of year $4,007,899 · end of year $3,795,418

  • 23 · Secured mortgages and notes payable

    beginning of year $3,400,872 · end of year $3,066,016

  • 25 · Other liabilities

    beginning of year $13,620 · end of year $8,622

  • 27 · Net assets without donor restrictions

    beginning of year $3,125,812 · end of year $3,398,393

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $0

Mission and programs · 2024

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 $4,539,992 · Grants $338,978 · Revenue $4,996,550

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • 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

    BOARD MEMBER

    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 BOARD

    Total calculated
    $0
    Hours/week
    1

  • SCOTT STAROWICZ

    CFO

    Total calculated
    $152,917
    From this org
    $152,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,917
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,917

  • DESMOND BOBBETT

    CEO

    Total calculated
    $110,595
    From this org
    $110,595
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • SHANNAN TILSON

    COO

    Total calculated
    $80,415
    From this org
    $80,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.5
Source object
202610339349301516

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