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Nonprofiteer
← JACKSON ACADEMY INC

Form 990 for tax year 2022

Filed by JACKSON ACADEMY INC.

What the amendment changed

Compared with the return it replaced , filed 15 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$21,853,354
Total expenses
$21,519,258
Contributions and grants received
$1,086,770
Grants paid
$0
Program service revenue
$18,590,164
Investment income
$665,476
Other revenue
$1,510,944
Total assets, end of year
$38,136,433
Total liabilities, end of year
$17,610,083
Net assets or fund balances, end of year
$20,526,350
Program services expenses (Part IX)
$19,180,059
Management and general expenses
$2,063,634
Fundraising expenses
$275,565
Program service expenses (Part III)
$19,180,059

Program services were 89.1% 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

    $1,086,770

  • 1g · Noncash contributions included above

    $44,031

  • 2a · Program service revenue: TUITION & REGISTRATION

    total $18,590,164 · related or exempt $18,590,164

  • 3 · Investment income

    total $32,080 · excluded $32,080

  • 6a · Gross rents

    real property $75,407

  • 6b · Less rental expenses

    real property $35,138

  • 6c · Rental income or loss

    real property $40,269

  • 6d · Net rental income or loss

    total $40,269 · excluded $40,269

  • 7a · Gross sales of assets other than inventory

    securities $633,396

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $633,396

  • 7d · Net gain or loss

    total $633,396 · excluded $633,396

  • 8a · Fundraising events: gross income

    $214,936

  • 8b · Fundraising events: direct expenses

    $192,000

  • 8c · Net income from fundraising events

    total $22,936 · excluded $22,936

  • 10a · Gross sales of inventory

    $247,580

  • 10b · Cost of goods sold

    $165,289

  • 10c · Net income from sales of inventory

    total $82,291 · related or exempt $82,291

  • 11a · Other revenue: SUPPLIES, TECHNOLOGY, TEXTBOOK &

    total $520,847 · related or exempt $520,847

  • 11b · Other revenue: AUXILIARY

    total $402,917 · related or exempt $402,917

  • 11c · Other revenue: ATHLETICS AND CAMPS

    total $201,237 · related or exempt $201,237

  • 11d · All other revenue

    total $240,447 · related or exempt $240,447

  • 11e · Other revenue, total

    $1,365,448

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $517,878 · program services $484,512 · management and general $28,817 · fundraising $4,549

  • 7 · Other salaries and wages

    total $9,576,592 · program services $8,959,575 · management and general $532,878 · fundraising $84,139

  • 8 · Pension plan contributions

    total $376,723 · program services $293,844 · management and general $71,577 · fundraising $11,302

  • 9 · Other employee benefits

    total $949,788 · program services $740,835 · management and general $180,460 · fundraising $28,493

  • 10 · Payroll taxes

    total $722,695 · program services $563,702 · management and general $137,312 · fundraising $21,681

  • 11b · Fees: legal

    total $16,126 · management and general $16,126

  • 11c · Fees: accounting

    total $30,870 · management and general $30,870

  • 11g · Fees: other

    total $11,451 · management and general $11,451

  • 12 · Advertising and promotion

    total $219,259 · management and general $145,851 · fundraising $73,408

  • 13 · Office expenses

    total $202,969 · program services $5,885 · management and general $184,848 · fundraising $12,236

  • 14 · Information technology

    total $203,473 · program services $184,742 · management and general $18,204 · fundraising $527

  • 16 · Occupancy

    total $354,349 · program services $314,800 · management and general $38,436 · fundraising $1,113

  • 20 · Interest

    total $554,812 · program services $493,883 · management and general $59,215 · fundraising $1,714

  • 22 · Depreciation, depletion and amortization

    total $1,789,281 · program services $1,419,386 · management and general $364,878 · fundraising $5,017

  • 23 · Insurance

    total $262,552 · program services $211,185 · management and general $49,893 · fundraising $1,474

  • 24a · Other expenses: TUITION DISCOUNTS

    total $3,084,981 · program services $3,084,981

  • 24b · Other expenses: INSTRUCTIONAL SUPPLIES

    total $907,731 · program services $879,724 · management and general $28,007

  • 24c · Other expenses: ATHLETIC SUPPLIES

    total $467,842 · program services $440,428 · fundraising $27,414

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $289,808 · program services $244,442 · management and general $44,627 · fundraising $739

  • 24e · All other expenses

    total $980,078 · program services $858,135 · management and general $120,184 · fundraising $1,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $532,842 · end of year $985,039

  • 2 · Savings and temporary cash investments

    beginning of year $4,716,953 · end of year $5,065,390

  • 3 · Pledges and grants receivable

    beginning of year $1,973,783 · end of year $1,515,548

  • 4 · Accounts receivable

    beginning of year $5,060,802 · end of year $4,689,605

  • 8 · Inventories for sale or use

    beginning of year $70,425 · end of year $121,096

  • 9 · Prepaid expenses and deferred charges

    beginning of year $251,825 · end of year $250,093

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

    $51,311,688

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

    $27,611,252

  • 10c · Land, buildings and equipment, net

    beginning of year $20,119,335 · end of year $23,700,436

  • 12 · Investments: other securities

    beginning of year $5,345,688 · end of year $1,600,813

  • 15 · Other assets

    beginning of year $870 · end of year $208,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,791,769 · end of year $1,864,941

  • 23 · Secured mortgages and notes payable

    beginning of year $13,982,772 · end of year $13,619,010

  • 25 · Other liabilities

    beginning of year $610,295 · end of year $2,126,132

  • 27 · Net assets without donor restrictions

    beginning of year $14,420,248 · end of year $14,177,494

  • 28 · Net assets with donor restrictions

    beginning of year $6,267,439 · end of year $6,348,856

Mission and programs · 2022

Mission

WITHIN OUR NURTURING AND SPIRITUAL COMMUNITY, JACKSON ACADEMY INSPIRES AND EQUIPS EACH STUDENT TO LEAD A LIFE OF PURPOSE AND SIGNIFICANCE.

  • THE PURPOSE OF JACKSON ACADEMY, INC IS TO OPERATE AS A NON-PROFIT INSTITUTION OF LEARNING AND TO DO ALL THINGS NECESSARY AND PROPER TO ACCOMPLISH THIS PURPOSE FOR ITS STUDENT BODY OF APPROXIMATELY 1,227. IT OPERATES EXCLUSIVELY FOR EDUCATIONAL PURPOSES.

    Expenses $19,180,059 · Revenue $20,096,008

As filed on the 2022 return.

Listed in Part VII

  • Scott Pedigo

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Hederman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kristen Nations

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mysti Chustz

    JAA PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • George Butler

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Randy James

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Ed Kennedy

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Maley

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Reid Lester

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Brad Williams

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Lohmeier

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • McKie Edmonson

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Brad Reeves

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Walter Weems

    BOARD ATTORNEY

    Total calculated
    $0
    Hours/week
    2

  • Palmer Kennedy

    HEAD OF SCHOOL

    Total calculated
    $314,349
    From this org
    $259,668
    From related orgs
    $0
    Other
    $54,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,600
    Bonus
    $0
    Other
    $3,068
    Deferred
    $27,000
    Nontaxable benefits
    $27,681
    Filer's total
    $314,349

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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
2 May 2024
IRS schema version
2022v5.0
Source object
202421319349302342

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