Form 990 for tax year 2022
Filed by GAINESVILLE INDEPENDENT SCHOOL INC.
Totals
- Total revenue
- $16,122,454
- Total expenses
- $13,670,869
- Contributions and grants received
- $3,292,599
- Grants paid
- $1,480,347
- Program service revenue
- $12,068,958
- Investment income
- $627,452
- Other revenue
- $133,445
- Total assets, end of year
- $26,179,818
- Total liabilities, end of year
- $7,070,691
- Net assets or fund balances, end of year
- $19,109,127
- Program services expenses (Part IX)
- $9,762,397
- Management and general expenses
- $3,624,042
- Fundraising expenses
- $284,430
- Program service expenses (Part III)
- $9,762,397
Program services were 71.4% 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
$108,800
-
1f · All other contributions, gifts and grants
$3,183,799
-
2a · Program service revenue: TUITION AND FEES
total $10,852,803 · related or exempt $10,852,803
-
2b · Program service revenue: AUXILIARY SERVICE INCOME
total $659,554 · related or exempt $659,554
-
2c · Program service revenue: ATHLETICS INCOME
total $313,837 · related or exempt $313,837
-
2d · Program service revenue: STUDENT ACTIVITIES INCOME
total $242,764 · related or exempt $242,764
-
3 · Investment income
total $631,325 · related or exempt $631,325
-
7b · Less cost or other basis and sales expenses
other assets $3,873
-
7c · Gain or loss
other assets -$3,873
-
7d · Net gain or loss
total -$3,873 · excluded -$3,873
-
8a · Fundraising events: gross income
$221,274
-
8a · Fundraising events: contributions included on line 1c
$108,800
-
8b · Fundraising events: direct expenses
$87,829
-
8c · Net income from fundraising events
total $133,445 · excluded $133,445
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,480,347 · program services $1,480,347
-
5 · Compensation of officers, directors and key employees
total $196,638 · management and general $196,638
-
7 · Other salaries and wages
total $6,314,668 · program services $4,230,828 · management and general $1,957,547 · fundraising $126,293
-
8 · Pension plan contributions
total $168,693 · program services $114,711 · management and general $53,982
-
9 · Other employee benefits
total $932,239 · program services $158,481 · management and general $773,758
-
11c · Fees: accounting
total $48,000 · management and general $48,000
-
12 · Advertising and promotion
total $113,152 · management and general $56,576 · fundraising $56,576
-
13 · Office expenses
total $523,501 · program services $345,511 · management and general $172,755 · fundraising $5,235
-
16 · Occupancy
total $154,345 · program services $146,628 · management and general $7,717
-
17 · Travel
total $90,497 · program services $90,497
-
20 · Interest
total $79,927 · program services $75,931 · management and general $3,996
-
22 · Depreciation, depletion and amortization
total $795,002 · program services $755,252 · management and general $39,750
-
23 · Insurance
total $72,114 · management and general $72,114
-
24a · Other expenses: TUITION DISCOUNTS
total $787,526 · program services $787,526
-
24b · Other expenses: MISC
total $688,042 · program services $433,466 · management and general $158,250 · fundraising $96,326
-
24c · Other expenses: ATHLETIC EXPENSE
total $484,187 · program services $484,187
-
24d · Other expenses: INSTRUCTIONAL EXPENSE
total $264,772 · program services $264,772
-
24e · All other expenses
total $477,219 · program services $394,260 · management and general $82,959
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year -$1
-
2 · Savings and temporary cash investments
beginning of year $7,284,854 · end of year $6,780,708
-
4 · Accounts receivable
beginning of year $417,528 · end of year $435,378
-
7 · Other notes and loans receivable
beginning of year $330,241 · end of year $1,824,667
-
8 · Inventories for sale or use
beginning of year $1,500 · end of year $1,500
-
9 · Prepaid expenses and deferred charges
beginning of year $200,661 · end of year $175,996
-
10a · Land, buildings and equipment: cost or other basis
$23,768,153
-
10b · Land, buildings and equipment: accumulated depreciation
$11,444,462
-
10c · Land, buildings and equipment, net
beginning of year $12,456,890 · end of year $12,323,691
-
12 · Investments: other securities
beginning of year $4,157,894 · end of year $4,637,879
-
17 · Accounts payable and accrued expenses
beginning of year $738,462 · end of year $483,834
-
19 · Deferred revenue
beginning of year $4,599,725 · end of year $4,222,725
-
20 · Tax-exempt bond liabilities
beginning of year $2,853,839 · end of year $2,364,132
-
27 · Net assets without donor restrictions
beginning of year $13,789,762 · end of year $14,129,662
-
28 · Net assets with donor restrictions
beginning of year $2,867,780 · end of year $4,979,465
Mission and programs · 2022
Mission
GAINESVILLE INDEPENDENT SCHOOL, INC. A.K.A. LAKEVIEW ACADEMY IS A COLLEGE-PREPARATORY SCHOOL COMMITTED TO EXCELLENCE IN THE PERSONAL GROWTH AND ACADEMIC DEVELOPMENT OF TODAY'S STUDENT THROUGH A PARTNERSHIP OF SCHOOL, FAMILY, AND COMMUNITY.
Activities or mission (Part I)
GAINESVILLE INDEPENDENT SCHOOL, INC. A.K.A. LAKEVIEW ACADEMY IS COMMITTED TO EXCELLENCE IN THE PERSONAL GROWTH AND ACADEMIC DEVELOPMENT OF THE COLLEGE-BOUND STUDENTS THROUGH A PARTNERSHIP OF SCHOOL, FAMILY, AND COMMUNITY.
-
LAKEVIEW ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY EDUCATIONAL INSTITUTION COVERING GRADES K3 THROUGH TWELVE. LAKEVIEW IS COMMITTED TO PROVIDING THE HIGHEST COLLEGE PREPARATORY EDUCATION POSSIBLE TO THE STUDENTS OF THE SCHOOL. LAKEVIEW MAINTAINS A STUDENT BODY OF APPROXIMATELY 600 STUDENTS. LAKEVIEW IS LOCATED IN GAINESVILLE, GA.
Expenses $9,143,522 · Grants $1,480,347 · Revenue $12,143,682
-
ATHLETICS - LAKEVIEW ACADEMY COMPETES IN THE GEORGIA INDEPENDENT ATHLETIC ASSOCIATION (GIAA) AND OFFERS BASEBALL, BASKETBALL, CHEERLEADING, CROSS COUNTRY, FOOTBALL, GOLF, SOCCER, SWIMMING, TENNIS, AND VOLLEYBALL AS TEAM SPORTS FOR GRADES 7-12. OVER 75% OF LAKEVIEW'S MIDDLE AND UPPER SCHOOL STUDENTS PARTICIPATE IN AT LEAST ONE SCHOOL-SPONSORED SPORT, AS WELL AS A FINE ARTS ACTIVITY, AND SPORTING CLAYS.
Expenses $484,187 · Revenue $313,837
-
STUDENT ACTIVITIES AND SERVICES - LAKEVIEW ACADEMY IS COMMITEED TO PROVIDING OPPORTUNITIES FOR FINE ARTS, TECHNOLOGY, AND COMMUNITY SERVICE. ALL STUDENTS HAVE A VARIETY OF AFTER-SCHOOL OPPORTUNITIES FROM WHICH TO CHOOSE, INCLUDING THE SCHOOL'S AWARD-WINNING DRAMA AND ARTS PROGRAMS. LAKEVIEW STUDENTS HAVE OPPORTUNITIES TO BECOME INVOLVED IN TECHNOLOGY-RELATED ACTIVITIES AND STUDENTS IN GRADES 4-12 CAN ALSO JOIN THE SCHOOL'S AWARD-WINNING ROBOTICS TEAM, WHICH HAS BEEN RECOGNIZED AS ONE OF THE TOP TEAMS IN GEORGIA. A CENTRAL TENET OF LAKEVIEW ACADEMY IS THE SCHOOL'S COMMITMENT TO COMMUNITY SERVICE. THROUGH ACTIVE INVOLVEMENT WITH OTHERS IN THE COMMUNITY, STUDENTS LEARN THE VALUE OF SERVICE AND THE NEED TO TAKE RESPONSIBILITY FOR THE COMMUNITY IN WHICH THEY LIVE.
Expenses $134,688 · Revenue $242,764
As filed on the 2022 return.
Listed in Part VII
-
NATALIE CHALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN COLLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK BEVERLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NIKOVA MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DANA GAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK CAUSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROB HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTINA SAVAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARY HART WILHEIT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MOHAK DAVE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RENA MILLWOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MAGGIE GRIFFIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF PAYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MACK VINTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KRISTIN DANIEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ALLEN NIVENS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TREY WOOD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN SIMPSON
HEAD OF SCHOOL (CURRENT)
- Total calculated
- $175,606
- From this org
- $155,106
- From related orgs
- $0
- Other
- $20,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,106
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $20,500
- Filer's total
- $175,606
-
ALLEN TUCKER
ASSISTANT HEAD OF SCHOOL
- Total calculated
- $189,379
- From this org
- $162,379
- From related orgs
- $0
- Other
- $27,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,379
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,000
- Filer's total
- $189,379
-
AMANDA WILLIS
SENIOR DIRECTOR
- Total calculated
- $191,728
- From this org
- $164,728
- From related orgs
- $0
- Other
- $27,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,728
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,000
- Filer's total
- $191,728
-
KRISTY MONTGOMERY
PRIOR HEAD OF SCHOOL
- Total calculated
- $117,564
- From this org
- $111,314
- From related orgs
- $0
- Other
- $6,250
- 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 · 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323409349300237
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