EDGEWOOD ACADEMY INC

EIN: 631035437 501(c)(3) Education

ELMORE, AL

Total Revenue
$2,028,058
Total Expenses
$2,049,117
Total Assets
$1,033,885
Net Assets
$132,243
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
AL
Principal Officer
SUSAN BARNER
Phone
3345675102
Tax Period
2024-06-01 to 2025-05-31

EDGEWOOD ACADEMY INC, founded in 1967, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2018. Expenses of $1.9M left a modest 3% surplus.

Mission

EDGEWOOD ACADEMY PROVIDES STUDENTS WITH A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION IN A SAFE AND SUPPORTIVE ENVIRONMENT, PREPARING STUDENTS FOR A FUTURE OF LIFELONG LEARNING AND PRODUCTIVE CITIZENSHIP.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,704
Program Service Revenue $1,958,088
Investment Income $54
Other Revenue $64,212
TOTAL REVENUE $2,028,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,030,471
Fundraising Expenses $43,819
Program Expenses $1,641,387
Other Expenses $1,018,646
TOTAL EXPENSES $2,049,117

Year-over-Year Comparison

2024 2023 Change
Revenue $2,028,058 $2,060,417 0.0%
Expenses $2,049,117 $1,940,915 +0.1%
Net Income $-21,059 $119,502 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
52
Volunteers
N/A

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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BART MERCER CHAIRMAN & TRUSTEE 0.00
Officer Director
$0 $0 $0
CAREY DENNIS VICE-CHAIRMAN & TRUSTEE 0.00
Officer Director
$0 $0 $0
TARA ALLISON TRUSTEE 0.00
Director
$0 $0 $0
MICHAEL BOONE TRUSTEE 0.00
Director
$0 $0 $0
JAY COLLIER CO-TREASURER & TRUSTEE 0.00
Officer Director
$0 $0 $0
JO WOOD TREASURER & TRUSTEE 0.00
Officer Director
$0 $0 $0
CLAY BOSHELL TRUSTEE 0.00
Director
$0 $0 $0
CAREY WILLIAMS SECRETARY & TRUSTEE 0.00
Officer Director
$0 $0 $0
BRENT FARTHING TRUSTEE 0.00
Director
$0 $0 $0
PAIGE HARRIS TRUSTEE 0.00
Director
$0 $0 $0
KEVIN DYKES TRUSTEE 0.00
Director
$0 $0 $0
KELLEY BROWN CO-SECRETARY & TRUSTEE 0.00
Officer Director
$0 $0 $0
CHRIS MYERS TRUSTEE 0.00
Director
$0 $0 $0
TINA SANFORD TRUSTEE 0.00
Director
$0 $0 $0
CHRISTY CAIN TRUSTEE 0.00
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 $2,028,058 $2,049,117 $1,033,885 $-21,059
2024 $2,060,417 $1,940,915 $1,125,603 $119,502
2023 $1,984,539 $2,127,763 $1,067,780 $-143,224
2022 $1,981,326 $2,026,389 $1,160,738 $-45,063
2021 $2,024,253 $1,949,265 $1,210,336 $74,988
2020 $1,712,099 $1,877,442 $1,382,776 $-165,343
2019 $1,992,077 $1,928,635 $1,231,370 $63,442
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