Currey Ingram Academy
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$21,295,081.00
Projected Expenses
$20,645,573.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| currey ingram academy irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $19,770,454.00 | $19,770,540.00 | $19,766,895.00 |
| Total Expenses | $21,210,592.00 | $21,210,592.00 | $18,634,930.00 |
| Revenue Less Expenses | ($1,440,138.00) | ($1,440,052.00) | $1,131,965.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $1,566,000.00 |
| Contributions, Gifts, and Grants | $1,377,859.00 | $1,377,859.00 | $965,621.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $19,334,498.00 | $19,334,498.00 | $15,542,997.00 |
| Investment Income, Net of Losses | $-1,119,424.00 | $-1,119,424.00 | $1,422,656.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $117,970.00 | $117,970.00 | $87,864.00 |
| Revenue In-Kind | $59,551.00 | $59,551.00 | $76,583.00 |
| Other | $0.00 | $0.00 | $105,174.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $19,347,039.00 | $19,347,039.00 | $17,035,546.00 |
| Administration Expense | $1,393,804.00 | $1,393,804.00 | $1,247,301.00 |
| Fundraising Expense | $469,749.00 | $469,749.00 | $352,083.00 |
| Total Revenue/Total Expenses | 93% | 93% | 106% |
| Program Expense/Total Expenses | 91% | 91% | 91% |
| Fundraising Expense/Contributed Revenue | 2% | 2% | 2% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $19,334,498.00 | Program Revenue $19,334,498.00 | Program Revenue $15,542,997.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,377,859.00 | Contributions, Gifts, and Grants $1,377,859.00 | Government Grants $1,566,000.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $117,970.00 | Fundraising Events $117,970.00 | Interest Income $1,422,656.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $64,472,369.00 | $64,472,369.00 | $68,664,811.00 |
| Current Assets | $12,491,944.00 | $12,495,333.00 | $11,549,074.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $6,667,466.00 |
| Current Liabilities | $15,270,345.00 | $15,270,345.00 | $9,902,358.00 |
| Total Net Assets | $49,202,024.00 | $49,202,024.00 | $52,094,987.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$17,300,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$20,000,000.00
What is the purpose of the capital campaign?
.s.s.s.
Campaign Start
January 2023
Campaign End
December 2023
Campaign Raised to Date Month
September
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$7,004,800.00
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| . |
Foundation Staff Comments
| Financial figures taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grant sum as these amounts are not separated in Form 990. Form 990 and Financial Audit are reconciled. Financials completed by Cherry Bekaert Advisory, LLC. Comment provided by Nicole Rose 09/6/2023. |
