LEAKE ACADEMY INC

EIN: 640537630 501(c)(3) Education

MADDEN, MS

Total Revenue
$2,608,413
Total Expenses
$2,756,724
Total Assets
$3,187,657
Net Assets
$3,010,977
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MS
Principal Officer
BRIAN PICKENS
Phone
6012674461
Tax Period
2023-07-01 to 2024-06-30

LEAKE ACADEMY INC, founded in 1973, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023.

Mission

LEAKE ACADEMY IS A PRIVATE SCHOOL THAT PROVIDES EDUCATION FOR PRE- KINDERGARTEN THROUGH GRADE 12. LEAKE ACADEMY IS A MEMBER OF THE MISSISSIPPI ASSOCIATION OF INDEPENDENT SCHOOLS AND IS COMMITTED TO THE EDUCATION OF ITS STUDENTS. THE SCHOOL'S LEARNING EXPERIENCE ENCOURAGES RESPONSIBLE CITIZENSHIP, CREATIVE EXPRESSION, PHYSICAL DEVELOPMENT, AND ACADEMIC ACHIEVEMENT. LEAKE ACADEMY CONTINUES TO MAINTAIN ITS TRADITION OF EXCELLENCE IN A STRUCTURED LEARNING ENVIRONMENT. THE ADMINISTRATION AND FACULTY JOIN TOGETHER IN THEIR SUPPORT OF A SCHOOL THAT CLEARLY DEFINES HIGH EXPECTATIONS AND A SUCCESSFUL LEARNING EXPERIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $55,500
Program Service Revenue $2,497,352
Investment Income $55,561
Other Revenue $0
TOTAL REVENUE $2,608,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,135,858
Fundraising Expenses $0
Program Expenses $2,756,724
Other Expenses $620,866
TOTAL EXPENSES $2,756,724

Year-over-Year Comparison

2023 2022 Change
Revenue $2,608,413 $2,648,422 0.0%
Expenses $2,756,724 $2,561,301 +0.1%
Net Income $-148,311 $87,121 -2.7%
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
9
Independent Members
9
Employees
61
Volunteers
25

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
2
$215,537
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN PICKENS HEAD OF SCHO 50.00
Officer
$145,112 $0 $145,112
OLIVIA SMITH PRINCIPAL 40.00
Officer
$70,425 $0 $70,425
BROOK BOBO DIRECTOR N/A
Director
$0 $0 $0
KENT CHAMBLEE PRESIDENT / N/A
Director
$0 $0 $0
RICHARD LEE DIRECTOR N/A
Director
$0 $0 $0
LAURIN MCCOMBS SECRETARY / N/A
Director
$0 $0 $0
RYAN MCKAY TREASURER/DI N/A
Director
$0 $0 $0
JESSICA MYERS DIRECTOR N/A
Director
$0 $0 $0
JOSH STOKES DIRECTOR N/A
Director
$0 $0 $0
MELISSA WARREN VICE PRESIDE N/A
Director
$0 $0 $0
DAN YOUNG 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 No data No data No data No data
2024 $2,608,413 $2,756,724 $3,187,657 $-148,311
2023 $2,648,422 $2,561,301 $3,309,875 $87,121
2022 $2,673,062 $2,548,331 $3,238,115 $124,731
2021 $2,849,713 $2,348,616 $3,103,141 $501,097
2020 $2,344,131 $2,231,829 $2,858,619 $112,302
2019 $2,421,319 $2,173,518 $2,476,256 $247,801
2018 $2,394,698 $2,164,806 $2,403,434 $229,892
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