Civic Intelligence

Athens Academy Inc

EIN 58-6055242 • 501(c)3 • Athens, GA

Profile

Athens Academy (the School) seeks excellence with honor in all its pursuits. Athens Academy is a coeducational, independent, college preparatory day school that offers a traditional liberal arts curriculum and innovative approaches to teaching and learning. The School seeks students from diverse

1281 Spartan LaneAthens, GA 30606

www.athensacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.32x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.94x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

49th percentile

4.2%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

46th percentile

5.0%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$72,039,320

Up $6,320,479 (+9.6%) from 2023

Liabilities

Up

$21,886,354

Up $551,902 (+2.6%) from 2023

Net Assets

Up

$50,152,966

Up $5,768,577 (+13%) from 2023

Revenue

Up

$24,528,891

Up $1,924,409 (+8.5%) from 2023

Expenses

Up

$22,190,381

Up $532,247 (+2.5%) from 2023

Net Income

Up

$2,338,510

Up $1,392,162 (+147%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $31,329,648Liabilities 2010: $13,253,221Net Assets 2010: $18,076,4272010Assets 2011: $35,475,153Liabilities 2011: $15,492,967Net Assets 2011: $19,982,1862011Assets 2012: $38,148,953Liabilities 2012: $16,642,590Net Assets 2012: $21,506,3632012Assets 2013: $39,715,928Liabilities 2013: $16,715,407Net Assets 2013: $23,000,5212013Assets 2014: $41,729,739Liabilities 2014: $16,560,740Net Assets 2014: $25,168,9992014Assets 2015: $43,374,141Liabilities 2015: $16,496,549Net Assets 2015: $26,877,5922015Assets 2016: $48,449,074Liabilities 2016: $19,180,211Net Assets 2016: $29,268,8632016Assets 2017: $52,458,376Liabilities 2017: $18,466,934Net Assets 2017: $33,991,4422017Assets 2018: $52,575,032Liabilities 2018: $18,507,064Net Assets 2018: $34,067,9682018Assets 2019: $54,650,273Liabilities 2019: $18,038,349Net Assets 2019: $36,611,9242019Assets 2020: $60,003,014Liabilities 2020: $18,316,786Net Assets 2020: $41,686,2282020Assets 2021: $63,580,270Liabilities 2021: $19,421,875Net Assets 2021: $44,158,3952021Assets 2022: $62,573,809Liabilities 2022: $19,135,760Net Assets 2022: $43,438,0492022Assets 2023: $65,718,841Liabilities 2023: $21,334,452Net Assets 2023: $44,384,3892023Assets 2024: $72,039,320Liabilities 2024: $21,886,354Net Assets 2024: $50,152,9662024

Highlighted filing

2024

Assets$72,039,320
Liabilities$21,886,354
Net Assets$50,152,966

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $13,195,5942010Expenses 2011: $13,911,7752011Expenses 2012: $14,670,3802012Expenses 2013: $14,896,8372013Revenue 2014: $17,678,276Expenses 2014: $15,509,798Net Income 2014: $2,168,4782014Revenue 2015: $17,561,395Expenses 2015: $15,852,802Net Income 2015: $1,708,5932015Revenue 2016: $18,942,411Expenses 2016: $16,551,140Net Income 2016: $2,391,2712016Revenue 2017: $21,923,548Expenses 2017: $17,200,969Net Income 2017: $4,722,5792017Revenue 2018: $19,803,190Expenses 2018: $18,342,353Net Income 2018: $1,460,8372018Revenue 2019: $21,460,949Expenses 2019: $18,786,068Net Income 2019: $2,674,8812019Revenue 2020: $23,777,729Expenses 2020: $18,703,427Net Income 2020: $5,074,3022020Revenue 2021: $21,935,037Expenses 2021: $19,462,863Net Income 2021: $2,472,1742021Revenue 2022: $19,563,519Expenses 2022: $20,283,860Net Income 2022: -$720,3412022Revenue 2023: $22,604,482Expenses 2023: $21,658,134Net Income 2023: $946,3482023Revenue 2024: $24,528,891Expenses 2024: $22,190,381Net Income 2024: $2,338,5102024

Highlighted filing

2024

Revenue$24,528,891
Expenses$22,190,381
Net Income$2,338,510

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$72.0$21.9$50.2$24.5$22.2$2.34
2023Detailed filing. Detailed filing data is available for this year.$65.7$21.3$44.4$22.6$21.7$0.95
2022Detailed filing. Detailed filing data is available for this year.$62.6$19.1$43.4$19.6$20.3$0.72
2021Detailed filing. Detailed filing data is available for this year.$63.6$19.4$44.2$21.9$19.5$2.47
2020Detailed filing. Detailed filing data is available for this year.$60.0$18.3$41.7$23.8$18.7$5.07
2019Detailed filing. Detailed filing data is available for this year.$54.7$18.0$36.6$21.5$18.8$2.67
2018Detailed filing. Detailed filing data is available for this year.$52.6$18.5$34.1$19.8$18.3$1.46
2017Detailed filing. Detailed filing data is available for this year.$52.5$18.5$34.0$21.9$17.2$4.72
2016Detailed filing. Detailed filing data is available for this year.$48.4$19.2$29.3$18.9$16.6$2.39
2015Detailed filing. Detailed filing data is available for this year.$43.4$16.5$26.9$17.6$15.9$1.71
2014Detailed filing. Detailed filing data is available for this year.$41.7$16.6$25.2$17.7$15.5$2.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.7$16.7$23.0$14.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.1$16.6$21.5$14.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$15.5$20.0$13.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$13.3$18.1$13.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$33,363,558
Mission and Program Overview

Mission

Athens Academy (the School) seeks excellence with honor

Athens Academy (the School) seeks excellence with honor in all its pursuits. Athens Academy is a coeducational, independent, college preparatory day school that offers a traditional liberal arts curriculum and innovative approaches to teaching and learning. The School seeks students from diverse

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,600,617$36,157,331▲ $556,714
Investments in Publicly Traded Securities$15,675,493$21,258,439▲ $5,582,946
Cash and Non-Interest-Bearing Accounts$7,767,875$8,359,633▲ $591,758
Savings and Temporary Cash Investments$4,023,206$3,724,736▼ $298,470
Pledges and Grants Receivable$1,049,812$1,147,333▲ $97,521
Prepaid Expenses and Deferred Charges$533,868$753,227▲ $219,359
Accounts Receivable$255,828$331,995▲ $76,167
Inventories for Sale or Use$219,192$88,472▼ $130,720
Other Notes and Loans Receivable, Net$7,112$25,098▲ $17,986
Total Assets$65,718,841$72,039,320▲ $6,320,479
Other Assets Total$585,838$193,056▼ $392,782
Liabilities
Deferred Revenue$9,690,413$9,768,821▲ $78,408
Tax Exempt Bond Liabilities$6,948,728$6,717,544▼ $231,184
Accounts Payable and Accrued Expenses$4,120,860$4,879,573▲ $758,713
Mortgage Notes Payable Secured by Investment Property$329,857$307,804▼ $22,053
Other Liabilities$190,778$158,796▼ $31,982
Unsecured Notes Loans Payable$53,816$53,816→ $0
Total Liabilities$21,334,452$21,886,354▲ $551,902
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,928,212$38,365,207▲ $4,436,995
Net Assets With Donor Restrictions$10,456,177$11,787,759▲ $1,331,582
Total Net Assets Fund Balance$44,384,389$50,152,966▲ $5,768,577
Total Liabilities and Net Assets / Fund Balance$65,718,841$72,039,320▲ $6,320,479

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,106,723$21,860,854$49,967,577
Equipment$1,202,343$8,637,634$9,839,977
Leasehold Improvements$3,868,009$3,442,672$7,310,681
Other Land Buildings$1,810,432$0$1,810,432
Land$1,169,824-$1,169,824

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$14,438,133$215,118▲ $1,844,066$225,000$16,230,856
2022$12,456,743$1,051,132▲ $966,798-$14,438,133
2021$12,925,447$596,478▼ $1,029,372$0$12,456,743
2020$10,959,612-▲ $2,173,837$175,000$12,925,447
2019$9,408,973$1,165,197▲ $588,338$175,000$10,959,612
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Thorsen--$407,391$46,008$453,399
John ThorsenHead of SchoolFT$407,391-$407,391
Alan WeilerDirector of Finance and OperationsFT$148,700-$148,700
Susan ZalacDirector of Upper SchoolFT$111,900-$111,900
Joshua AlexanderDevelopmentFT$106,120-$106,120
Jeff StachuraDirector of Middle SchoolFT$103,700-$103,700
Diana MurdockDirector of Academic AffairsFT$101,923-$101,923
Robert SearsDirector of Student ServicesFT$100,600-$100,600
J Robert ChambersFormer Head of School-$38,000-$38,000
J Robert Chambers---$38,000$38,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Grahl Constructionconstruction594 Oconee St Suite 112, Athens, GA 30605$570,266
Walton EMCnatural gas & electricity providerPO Box 1347, Monroe, GA 30655$362,871
Southern Mechanical HVAC ContractorsHVAC Maintenance295 Red Oak Trail, Athens, GA 30606$340,862
KRG Food Service Group Incfood service280 Woodbridge Cir, Athens, GA 30601$306,246
Athens Microcomputer Centercomputer supplies and servicePO Box 498, Watkinsville, GA 30677$298,921
Revenue and Support

Revenue Composition

Contributions and Grants
$1,780,663
Program Service Revenue
$19,459,907
Investment Income
$2,271,304
Other Revenue
$1,017,017
All Other Contributions
$1,780,663
Change in Net Assets
$2,338,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,785,396
Revenue Not Reported on Financial Statements
$-256,505
Other Revenue Adjustments
$-297,964
Total Revenue per Audited Statements
$24,785,396
Total Revenue per Form 990
$24,528,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,708,642
Other Expenses$8,481,739
Total Fundraising Expense$192,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,162,503$2,240,467$0$10,402,970
All Other Expenses$4,166,247$450,099$192,496$4,808,842
Other Employee Benefits$1,626,551$479,470$0$2,106,021
Depreciation Depletion$1,732,597$5,750$0$1,738,347
Payroll Taxes$555,207$156,806$0$712,013
Occupancy$502,745$16,295$0$519,040
Pension Plan Contributions$382,930$104,708$0$487,638
Information Technology$271,988$94,702$0$366,690
Insurance$0$222,735$360$223,095
Interest$0$205,784$0$205,784
Fees for Services Accounting$0$102,067$0$102,067
Fees for Service Investment Mgmnt Fees$0$41,651$0$41,651
Other Expenses$0$39,885$0$39,885
Fees for Services Legal$0$19,794$0$19,794
Fees for Services Other$0$12,242$0$12,242
Office Expenses$8,731$0$0$8,731
Travel$0$7,780$0$7,780
Conferences and Meetings$0$5,425$0$5,425
Total Functional Expenses$17,791,865$4,205,660$192,856$22,190,381

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,446,886
Total Expenses per Audited Statements$22,446,878
Total Expenses per Form 990$22,190,381
Expenses Not Reported on Form 990$-8
Expenses Not Reported on Financial Statements$-256,505
Other Expense Adjustments$-297,964
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
Right of Use Liability$158,796

Bond Issues

BondIssuerIssuedIssue PricePurpose
AOconee Co Ind Dev Auth-Private Place-no cusip2020-09-02$6,697,663Refunding & Addl Expansion
BOconee Co Ind Dev Auth-Private Place-no cusip2022-08-25$1,302,000Additional Expansion

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,697,663--$57,500
B$1,302,000--$0

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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
Filing and Contact Details

Filer

Filer Name
Athens Academy Inc
EIN
58-6055242
Phone
7065499225
Address
1281 Spartan Lane, Athens, GA 30606

Signing Officer

Name
Alan M Weiler
Title
Director of Ops & Fin
Phone
7065499225
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan M Weiler
Formed
1966
Legal Domicile
Ga
Voting Board Members
27
Independent Board Members
27
Employees
344
Volunteers
650

Preparer

Firm
Seymour and Perry LLC
Address
1551 Jennings Mill Road 400 A, Watkinsville, GA 30677
Preparer
M Alan Perry CPA
Phone
7065498197
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft of the Form 990 is presented to the executive and finance committees for review. Once both committees determine that the return is complete and accurate, Form 990 is made available to the Board of Trustees and is authorized for submission to the IRS and the State of Georgia.

Pt VI, Line 12C

Any conflict of interest that a boardmember, officer, trustee, or key employee may have must be disclosed. Boardmembers who have conflicts of interest are not allowed a vote in such matters. The Schools written conflict of interest policy is part of its bylaws. Boardmembers, officers, trustees, and key employees are required to read the bylaws and sign a statement acknowledging that they have done so.

Pt VI, Line 15A

The School uses statistical data obtained from NAIS DASL Online, an online source of data from the National Association of Independent Schools, to review the appropriateness of compensation with other schools in the same region which are comparable in size and programs offered.

Pt VI, Line 15B

The School uses statistical data obtained from NAIS DASL, an online source of data from the National Association of Independent Schools, to review the appropriateness of compensation with other schools in the same region which are comparable in size and programs offered.

Pt VI, Line 19

The Schools conflict of interest policy is incorporated as part of the faculty and staff handbook, which is available to the public via the Schools website. All policies are presented each year at the beginning of the school year to the Board and all faculty and staff members. The financial statements and Form 990 are available for public inspection, upon request, in the business office during normal business hours.

Pt XI

Tax credits received in FY 2023 that were applicable to prior periods and therefore omitted from tax return. Prior period tax returns were amended.

Form 990, Part IX, Line 24E

Campaign Expenses 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Capital Campaign-Development 20428. 0. 0. 20428.

Form 990, Part IX, Line 24E

Curriculum & Instruction 43824. 43824. 0. 0.

Form 990, Part IX, Line 24E

Day Camp 258047. 258047. 0. 0.

Form 990, Part IX, Line 24E

Division Administration 102955. 97413. 0. 5542.

Form 990, Part IX, Line 24E

Equipment Rental & Maintenance 1049331. 1005854. 43477. 0.

Form 990, Part IX, Line 24E

Events & Competitions 31275. 31275. 0. 0.

Form 990, Part IX, Line 24E

Faculty Recruiting 1390. 0. 1390. 0.

Form 990, Part IX, Line 24E

Field Trips 196977. 196977. 0. 0.

Form 990, Part IX, Line 24E

Financial Aid 1532671. 1532671. 0. 0.

Form 990, Part IX, Line 24E

First Aid 5825. 5825. 0. 0.

Form 990, Part IX, Line 24E

Governing Board 15876. 0. 15876. 0.

Form 990, Part IX, Line 24E

Guidance 5029. 5029. 0. 0.

Form 990, Part IX, Line 24E

Honors & Awards 12077. 12077. 0. 0.

Form 990, Part IX, Line 24E

Media & Technology 62663. 62663. 0. 0.

Form 990, Part IX, Line 24E

Misc Taxes 19734. 0. 19734. 0.

Form 990, Part IX, Line 24E

Miscellaneous Expense 64375. 54603. 9772. 0.

Form 990, Part IX, Line 24E

Postage & Shipping 5962. 0. 5962. 0.

Form 990, Part IX, Line 24E

Printing & Publications 146073. 14673. 3138. 128262.

Form 990, Part IX, Line 24E

Professional Development 35917. 30914. 2903. 2100.

Form 990, Part IX, Line 24E

Regulatory Fees 2016. 0. 2016. 0.

Form 990, Part IX, Line 24E

Relations & Gifts 32318. 0. 12999. 19319.

Form 990, Part IX, Line 24E

Software Support 7143. 7143. 0. 0.

Form 990, Part IX, Line 24E

Sports & Athletics 241420. 241420. 0. 0.

Form 990, Part IX, Line 24E

Subscriptions & Dues 34539. 0. 34539. 0.

Form 990, Part IX, Line 24E

Supplies 731989. 494899. 220245. 16845.

Form 990, Part IX, Line 24E

Telephone 78048. 0. 78048. 0.

Form 990, Part IX, Line 24E

Testing 9344. 9344. 0. 0.

Form 990, Part IX, Line 24E

Textbooks 61596. 61596. 0. 0.

Financial Statement Notes

Pt XII, Line 4B

The permanently restricted portion of the endowment exists in perpetuity and is never to be invaded. The investment income is expended for programs that include, but are not limited to, supporting the faculty, enhancing student financial aid, and strengthening current programs.

Pt XI, Line 4B

Cost of Goods Sold is included as part of Auxiliary Services as an expense on the Financial Statments. For Form 990, this amount is reported on Part VIII-10b

Pt XII, Line 4B

Cost of Goods Sold is included as part of Auxiliary Services as an expense on the Financial Statments. For Form 990, this amount is reported on Part VIII-10b

Raw XML AppendixShowing 400 of 965 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/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Athens
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