ACADEMY FOR CLASSICAL EDUCATION INC

EIN: 463722435 501(c)(3) Unknown

MACON, GA

Total Revenue
$28,870,440
Total Expenses
$27,899,061
Total Assets
$57,815,640
Net Assets
$-8,082,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
GA
Principal Officer
LARA RELYEA
Phone
4782385757
Tax Period
2024-07-01 to 2025-06-30

ACADEMY FOR CLASSICAL EDUCATION INC, founded in 2013, is a mid-sized nonprofit in the Unknown sector that reported $28.9M in total revenue in fiscal year 2024. Expenses of $27.9M left a modest 3% surplus.

Mission

ACADEMY FOR CLASSICAL EDUCATION IS A PUBLIC CHARTER SCHOOL SERVING GRADES K-12 IN MACON, GEORGIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,886,399
Program Service Revenue $1,230,185
Investment Income $753,856
Other Revenue $0
TOTAL REVENUE $28,870,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,637,955
Fundraising Expenses $0
Program Expenses $26,250,004
Other Expenses $9,261,106
TOTAL EXPENSES $27,899,061

Year-over-Year Comparison

2024 2023 Change
Revenue $28,870,440 $26,745,812 +0.1%
Expenses $27,899,061 $26,465,270 +0.1%
Net Income $971,379 $280,542 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
285
Volunteers
500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$409,728
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARA RELYEA CEO 40.00
Officer
$154,000 $0 $154,000
PALMES KELLY CFO 40.00
Officer
$153,490 $0 $153,490
ESTERINE STOKES CAO 40.00
Officer
$102,238 $0 $102,238
WITT GAITHER BOARD CHAIRP N/A
Director
$0 $0 $0
LEE GILLIS DIRECTOR N/A
Director
$0 $0 $0
MICHAEL KRUGER DIRECTOR N/A
Director
$0 $0 $0
RYAN SCHNETZER DIRECTOR N/A
Director
$0 $0 $0
WALTER STAFFORD DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $28,870,440 $27,899,061 $57,815,640 $971,379
2024 $26,745,812 $26,465,270 $58,102,413 $280,542
2023 $23,994,385 $23,918,611 $58,688,206 $75,774
2022 $23,527,627 $20,732,149 $51,845,006 $2,795,478
2021 $22,703,116 $21,126,370 $50,470,204 $1,576,746
2020 $20,066,512 $19,696,694 $45,605,647 $369,818
2019 $14,869,425 $17,314,961 $39,735,202 $-2,445,536
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