Greenwood Leflore Educational Foundation Inc D/B/A Pillow Academy

EIN: 640438274 501(c)(3) Education

Greenwood, MS

Total Revenue
$8,252,398
Total Expenses
$8,172,018
Total Assets
$37,020,320
Net Assets
$31,249,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MS
Principal Officer
SUSAN BLANSETT
Phone
6624531266
Tax Period
2024-07-01 to 2025-06-30

Greenwood Leflore Educational Foundation Inc D/B/A Pillow Academy, founded in 1965, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $31.2M represent 45 months of operating reserves.

Mission

TO EDUCATE THE WHOLE CHILD IN AN ENVIRONMENT OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, SO THAT EACH CHILD IS CHALLENGED TO GROW AND MATURE IN KNOWLEDGE, WISDOM, AND SERVICE

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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 $1,037,993
Program Service Revenue $5,962,179
Investment Income $971,699
Other Revenue $280,527
TOTAL REVENUE $8,252,398

Expense Breakdown

Grants Paid $179,534
Salaries & Benefits $4,906,085
Fundraising Expenses $0
Program Expenses $7,403,363
Other Expenses $3,086,399
TOTAL EXPENSES $8,172,018

Year-over-Year Comparison

2024 2023 Change
Revenue $8,252,398 $9,566,850 -0.1%
Expenses $8,172,018 $7,333,917 +0.1%
Net Income $80,380 $2,232,933 -1.0%
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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Governance

Voting Members
6
Independent Members
6
Employees
151
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
0
$0
Total Directors
6
$0
Key Employees
1
$90,627
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN MILLS PRESIDENT 0.00
Director
$0 $0 $0
CLINT DUNN VICE PRESIDENT 0.00
Director
$0 $0 $0
BETH WILLIAMS SECRETARY 0.00
Director
$0 $0 $0
RICHARD BROWN DIRECTOR 0.00
Director
$0 $0 $0
CRYSTAL DOWNING DIRECTOR 0.00
Director
$0 $0 $0
RYAN STRAWBRIDGE DIRECTOR 0.00
Director
$0 $0 $0
SUSAN BLANSETT HEAD OF SCHOOL 1.00
Key Emp
$90,627 $0 $90,627
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 $8,252,398 $8,172,018 $37,020,320 $80,380
2024 No data No data No data No data
2023 $9,624,161 $7,520,677 $30,731,834 $2,103,484
2022 $8,465,587 $6,976,331 $27,528,848 $1,489,256
2021 $9,874,436 $6,549,505 $26,594,734 $3,324,931
2020 $7,825,474 $5,920,620 $22,981,904 $1,904,854
2019 $6,441,214 $5,736,562 $20,264,830 $704,652
2018 $7,455,416 $5,849,171 $19,461,214 $1,606,245
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