Civic Intelligence

Stratford Academy Inc.

990 • Fiscal year 2020 • EIN 58-0831002

Jun 01, 2019 to May 31, 2020 • Filed on Feb 06, 2021

Organization ProfileWWW.STRATFORD.ORG

View Organization Page

6010 Peake RoadMacon, GA 31220

(478) 477-8073

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.24x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.49x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

65th percentile

10.0%

Higher net margin than 65% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$229,787

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

58th percentile

9.9%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

7.0%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$27,164,173

Up $2,451,775 (+9.9%) from 2019

Net Assets

Up

$20,753,006

Up $1,545,614 (+8.0%) from 2019

Liabilities

Up

$6,411,167

Up $906,161 (+16%) from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin65th percentile

Revenue

Up

$12,973,578

Up $852,632 (+7.0%) from 2019

Expenses

Down

$11,676,768

Down $1,180,382 (-9.2%) from 2019

Net Income

Up

$1,296,810

Up $2,033,014 (+276%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $16,526,701Liabilities 2010: $5,299,597Net Assets 2010: $11,227,1042010Assets 2011: $19,466,187Liabilities 2011: $6,188,733Net Assets 2011: $13,277,4542011Assets 2012: $20,313,514Liabilities 2012: $6,555,895Net Assets 2012: $13,757,6192012Assets 2013: $21,461,939Liabilities 2013: $6,325,172Net Assets 2013: $15,136,7672013Assets 2014: $21,847,719Liabilities 2014: $5,194,038Net Assets 2014: $16,653,6812014Assets 2015: $22,957,578Liabilities 2015: $4,804,211Net Assets 2015: $18,153,3672015Assets 2016: $26,696,266Liabilities 2016: $6,748,488Net Assets 2016: $19,947,7782016Assets 2017: $26,605,302Liabilities 2017: $6,512,373Net Assets 2017: $20,092,9292017Assets 2018: $25,745,585Liabilities 2018: $5,755,839Net Assets 2018: $19,989,7462018Assets 2019: $24,712,398Liabilities 2019: $5,505,006Net Assets 2019: $19,207,3922019Assets 2020: $27,164,173Liabilities 2020: $6,411,167Net Assets 2020: $20,753,0062020Assets 2021: $30,197,310Liabilities 2021: $4,726,806Net Assets 2021: $25,470,5042021Assets 2022: $32,525,377Liabilities 2022: $5,441,635Net Assets 2022: $27,083,7422022Assets 2023: $32,124,045Liabilities 2023: $4,992,211Net Assets 2023: $27,131,8342023Assets 2024: $32,094,047Liabilities 2024: $4,446,131Net Assets 2024: $27,647,9162024

Highlighted filing

2020

Assets$27,164,173
Liabilities$6,411,167
Net Assets$20,753,006
Open 2020 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,959,4012010Expenses 2011: $10,351,6812011Expenses 2012: $10,890,4572012Revenue 2013: $12,392,517Expenses 2013: $11,478,146Net Income 2013: $914,3712013Revenue 2014: $13,092,456Expenses 2014: $11,806,590Net Income 2014: $1,285,8662014Revenue 2015: $13,491,371Expenses 2015: $12,170,852Net Income 2015: $1,320,5192015Revenue 2016: $14,155,529Expenses 2016: $12,188,031Net Income 2016: $1,967,4982016Revenue 2017: $12,215,328Expenses 2017: $12,527,927Net Income 2017: -$312,5992017Revenue 2018: $12,450,293Expenses 2018: $12,161,041Net Income 2018: $289,2522018Revenue 2019: $12,120,946Expenses 2019: $12,857,150Net Income 2019: -$736,2042019Revenue 2020: $12,973,578Expenses 2020: $11,676,768Net Income 2020: $1,296,8102020Revenue 2021: $15,966,038Expenses 2021: $12,367,451Net Income 2021: $3,598,5872021Revenue 2022: $15,089,989Expenses 2022: $13,056,298Net Income 2022: $2,033,6912022Revenue 2023: $13,805,547Expenses 2023: $13,740,293Net Income 2023: $65,2542023Revenue 2024: $15,356,409Expenses 2024: $15,670,278Net Income 2024: -$313,8692024

Highlighted filing

2020

Revenue$12,973,578
Expenses$11,676,768
Net Income$1,296,810
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Feb 6, 2021
Return Version
2019v5.0
Gross Receipts
$15,091,382
Mission and Program Overview

Mission

Stratford academy is an independent, non-sectarian, college preparatory school for students in pre-kindergarten through grade twelve. Guided by the motto, "freedom for excellence", stratford provides a superior education for students with diverse backgrounds and talents and develops responsible, ethical, life-long learners. In partnership with families, students, and faculty, stratford - provides opportunities for students to develop their individual abilities and skills within the context of a rigorous curriculum. - builds character and integrity by offering students a variety of ethical and cultural perspectives through the curriculum and service to the school and community. - encourages students to engage in a wide range of academic, athletic, fine arts, and service-related activities. - inspires leadership and prepares students for responsible stewardship and citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,603,632$16,584,736▼ $18,896
Investments in Publicly Traded Securities$4,164,508$4,297,740▲ $133,232
Savings and Temporary Cash Investments$2,274,992$3,220,412▲ $945,420
Cash and Non-Interest-Bearing Accounts$481,148$1,560,001▲ $1,078,853
Pledges and Grants Receivable$493,013$1,017,353▲ $524,340
Accounts Receivable$646,058$426,441▼ $219,617
Inventories for Sale or Use$33,636$38,422▲ $4,786
Prepaid Expenses and Deferred Charges$15,411$19,068▲ $3,657
Total Assets$24,712,398$27,164,173▲ $2,451,775
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,559,852$4,822,676▲ $1,262,824
Accounts Payable and Accrued Expenses$1,150,627$859,871▼ $290,756
Other Liabilities$458,394$469,132▲ $10,738
Deferred Revenue$336,133$259,488▼ $76,645
Total Liabilities$5,505,006$6,411,167▲ $906,161
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,389,527$16,171,198▲ $781,671
Net Assets With Donor Restrictions$3,817,865$4,581,808▲ $763,943
Total Net Assets Fund Balance$19,207,392$20,753,006▲ $1,545,614
Total Liabilities and Net Assets / Fund Balance$24,712,398$27,164,173▲ $2,451,775

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,734,066$12,866,831$26,600,897
Equipment$802,714$4,811,492$5,614,206
Land$2,047,956-$1,364,000
Other Land Buildings-$259,752$259,752

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,332,939-▲ $334,907$-176,722$4,491,124
2018$4,365,622-▲ $55,447$-88,130$4,332,939
2017$4,061,503$400▲ $392,228$-88,509$4,365,622
2016$3,665,432-▲ $476,771$-80,700$4,061,503
2015$3,800,747-▼ $62,921$-72,394$3,665,432
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert VetoFormer HeadFT$224,348$5,439$229,787
Robert VetoFormer Head of Schoo-$104,164$125,623$229,787
Mark FarribaAthletic Director-$101,737-$101,737

Board Members and Trustees

NameTitle
Mary Ellen GrossnickleChair
Charles B BrooksTrustee
Christy Cantrell JohnstonTrustee
Dr Janine R EllisTrustee
Elsa L HutchinsonTrustee
George M Butler JrTrustee
James H DawsTrustee
James Malcolm ColeTrustee
James T Mcafee IiiTrustee
James a Manley IiiTrustee
Jason Ivey ReavesTrustee
Laura EvansTrustee
Lori BrewerTrustee
Phillip W ThomasTrustee
Robert Sanders BurgessTrustee
Thomas Phillips Swift JrTrustee
Wade a KovacsTrustee
William Ward Baxley IiiTrustee
Malcolm S Burgess JrTrustee Emer
Sally S HatcherSecretary
Stewart C VernonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Georgia Power CoUtilities96 ANNEX, STE 200B, Atlanta, GA 30396$365,391
Gt GrandstandsFootball Stands2810 SYDNEY RD, SUITE 200, Plant City, FL 33566$334,122
Hay's Service LLCHvac4312 INTERSTATE DRIVE, Macon, GA 31210$178,951
Hehodge Company INCFootballl Stand5971 PARKWAY NORTH BLVD, Cumming, GA 30040$160,202
Micro Technology Consultants INCConsulting132 OSIGIAN BOULEVARD, Warner Robins, GA 31088$112,143
Revenue and Support

Revenue Composition

Contributions and Grants
$1,867,910
Program Service Revenue
$10,969,895
Investment Income
$135,773
Other Revenue
$0
All Other Contributions
$1,867,910
Change in Net Assets
$1,296,810

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table25$61,213Cost
Total Noncash Contributions25$61,213-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,973,578
Revenue Not Reported on Form 990
$248,804
Total Revenue per Audited Statements
$13,222,382
Total Revenue per Form 990
$12,973,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,188,186
Other Expenses$3,488,582
Total Fundraising Expense$49,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,652,319$1,590,897-$6,243,216
All Other Expenses$846,503$563,430$49,544$1,459,477
Other Employee Benefits-$1,116,236-$1,116,236
Depreciation Depletion$698,367$209,547-$907,914
Payroll Taxes$388,462$86,140-$474,602
Comp Disqual Persons$167,162$57,186-$224,348
Insurance-$147,487-$147,487
Current Officers, Directors, Trustees, and Key Employees$96,702$33,082-$129,784
Interest$95,671$28,577-$124,248
Other Expenses$78,760$32,170-$110,930
Fees for Services Other-$49,323-$49,323
Total Functional Expenses$7,607,128$4,020,096$49,544$11,676,768

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,676,768
Total Expenses per Audited Statements$11,676,768
Total Expenses per Form 990$11,676,768
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Related School Clubs$469,132
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board reviews a draft copy of the form 990 with the business manager prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board members are required to complete a conflict of interest questionnaire at the beginning of each school year and to disclose any interests that may arise during the course of the year.”

Form 990, Page 6, Part VI, Line 15A

“The head of school has a three year contract. The initial contract compensation amount is set by the board of directors based on many factors including: benchmarking at regional and national levels, comparison with other similar organizations, and data provided by an independent search firm. The board of directors completes an annual review of the head of school's performance.”

Form 990, Page 6, Part VI, Line 15B

“An annual job performance review is done by the head of school and/or the direct supervisor to determine the compensation amount. A salary scale is used for faculty based on years of experience and degrees held.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Stratford Academy Inc
EIN
58-0831002
Phone
4784778073
Address
6010 PEAKE ROAD, MACON, GA 31220

Signing Officer

Name
Logan Bowlds
Title
Head of School
Phone
4784778073
Signed
2021-02-06
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Ga
Voting Board Members
21
Independent Board Members
21
Employees
211
Volunteers
75,100

Preparer

Firm
Lamb & Braswell LLC
Address
4120 ARKWRIGHT RD, MACON, GA 31210-1707
Preparer
James F Braswell CPA
Phone
4784718488
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Stratford academy is an independent, non-sectarian, college preparatory school for students in pre-kindergarten through grade twelve. Guided by the motto, "freedom for excellence", stratford provides a superior education for students with diverse backgrounds and talents and develops responsible, ethical, life-long learners. In partnership with families, students, and faculty, stratford - provides opportunities for students to develop their individual abilities and skills within the context of a rigorous curriculum. - builds character and integrity by offering students a variety of ethical and cultural perspectives through the curriculum and service to the school and community. - encourages students to engage in a wide range of academic, athletic, fine arts, and service-related activities. - inspires leadership and prepares students for responsible stewardship and citizenship.”

Form 990, Page 2, Part III, Line 4A

“The organization provides a superior education for students with diverse backgrounds and talents and develops responsible, ethical, life-long learners. In partnership with families, students, and faculty, stratford - provides opportunities for students to develop their individual abilities and skills within the context of a rigorous curriculum. - builds character and integrity by offering students a variety of ethical and cultural perspectives through the curriculum and service to the school and community. - encourages students to engage in a wide range of academic, athletic, fine arts, and service-related activities. - inspires leadership and prepares students for responsible stewardship and citizenship.”

Form 990, Part IX, Line 24E

“Bookstore 102,502 0 0 equip. Repairs and maint. 67,336 27,503 0 building repair and maint 63,845 26,078 0 miscellaneous 42,259 37,895 0 computer service 0 76,740 0 marketing 0 75,212 0 learning support center 69,583 0 0 svc agreement - equipment 45,972 18,777 0 fine arts 63,167 0 0 bad debts 0 62,143 0 printing and copier lease 0 53,778 0 instructional supplies 51,827 0 0 donor development 0 0 49,544 website 40,130 0 0 bank charges/commissions 0 40,057 0 telephone 0 34,152 0 water and sewage 24,088 9,839 0 textbooks 33,160 0 0 school publications 30,609 0 0 prof. Assoc. And conventi 0 29,438 0 summer programs 26,425 0 0 library and audio visual 24,560 0 0 other supplies 0 22,543 0 after school enrichment 21,334 0 0 burglar alarm/security 14,818 6,052 0 natural gas 13,990 5,714 0 garbage collection 13,191 5,388 0 traffic patrol 15,355 0 0 alumni 15,211 0 0 scripts program 12,800 0 0 technology 11,995 0 0 guidance and testing 11,307 0 0 postage 0 11,118 0 science 10,154 0 0 janitorial 7,100 3,050 0 continuing education 0 9,861 0 graduation 9,775 0 0 faculty devel. & recruit. 0 7,895 0 cafeteria 3,526 0 0 pest control 484 197 0 total 846,503 563,430 49,544”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 0”

Raw XML AppendixShowing 400 of 626 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0STRATFORD ACADEMY IS AN INDEPENDENT, NON-SECTARIAN, COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE TWELVE. GUIDED BY THE MOTTO, "FREEDOM FOR EXCELLENCE", STRATFORD PROVIDES A SUPERIOR EDUCATION FOR STUDENTS WITH DIVERSE BACKGROUNDS AND TALENTS AND DEVELOPS RESPONSIBLE, ETHICAL, LIFE-LONG LEARNERS. IN PARTNERSHIP WITH FAMILIES, STUDENTS, AND FACULTY, STRATFORD - PROVIDES OPPORTUNITIES FOR STUDENTS TO DEVELOP THEIR INDIVIDUAL ABILITIES AND SKILLS WITHIN THE CONTEXT OF A RIGOROUS CURRICULUM. - BUILDS CHARACTER AND INTEGRITY BY OFFERING STUDENTS A VARIETY OF ETHICAL AND CULTURAL PERSPECTIVES THROUGH THE CURRICULUM AND SERVICE TO THE SCHOOL AND COMMUNITY. - ENCOURAGES STUDENTS TO ENGAGE IN A WIDE RANGE OF ACADEMIC, ATHLETIC, FINE ARTS, AND SERVICE-RELATED ACTIVITIES. - INSPIRES LEADERSHIP AND PREPARES STUDENTS FOR RESPONSIBLE STEWARDSHIP AND CITIZENSHIP.
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IRS990/Desc0THE ORGANIZATION PROVIDES A SUPERIOR EDUCATION FOR STUDENTS WITH DIVERSE BACKGROUNDS AND TALENTS AND DEVELOPS RESPONSIBLE, ETHICAL, LIFE-LONG LEARNERS. IN PARTNERSHIP WITH FAMILIES, STUDENTS, AND FACULTY, STRATFORD - PROVIDES OPPORTUNITIES FOR STUDENTS TO DEVELOP THEIR INDIVIDUAL ABILITIES AND SKILLS WITHIN THE CONTEXT OF A RIGOROUS CURRICULUM. - BUILDS CHARACTER AND INTEGRITY BY OFFERING STUDENTS A VARIETY OF ETHICAL AND CULTURAL PERSPECTIVES THROUGH THE CURRICULUM AND SERVICE TO THE SCHOOL AND COMMUNITY. - ENCOURAGES STUDENTS TO ENGAGE IN A WIDE RANGE OF ACADEMIC, ATHLETIC, FINE ARTS, AND SERVICE-RELATED ACTIVITIES. - INSPIRES LEADERSHIP AND PREPARES STUDENTS FOR RESPONSIBLE STEWARDSHIP AND CITIZENSHIP.
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,164,173
Liabilities
$6,411,167
Net assets
$20,753,006
Revenue
$12,973,578
Expenses
$11,676,768
Net income
$1,296,810
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.1$4.45$27.6$15.4$15.7$0.31
2023Detailed filing. Detailed filing data is available for this year.$32.1$4.99$27.1$13.8$13.7$0.07
2022Detailed filing. Detailed filing data is available for this year.$32.5$5.44$27.1$15.1$13.1$2.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$4.73$25.5$16.0$12.4$3.60
2020Detailed filing. Detailed filing data is available for this year.$27.2$6.41$20.8$13.0$11.7$1.30
2019Detailed filing. Detailed filing data is available for this year.$24.7$5.51$19.2$12.1$12.9$0.74
2018Detailed filing. Detailed filing data is available for this year.$25.7$5.76$20.0$12.5$12.2$0.29
2017Detailed filing. Detailed filing data is available for this year.$26.6$6.51$20.1$12.2$12.5$0.31
2016Detailed filing. Detailed filing data is available for this year.$26.7$6.75$19.9$14.2$12.2$1.97
2015Detailed filing. Detailed filing data is available for this year.$23.0$4.80$18.2$13.5$12.2$1.32
2014Detailed filing. Detailed filing data is available for this year.$21.8$5.19$16.7$13.1$11.8$1.29
2013Summary only. Only limited summary data is available for this year.$21.5$6.33$15.1$12.4$11.5$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$6.56$13.8$10.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$6.19$13.3$10.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$5.30$11.2$9.96
Peer Organizations

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