NonprofitsMadison Academy Inc

Madison Academy Inc

MADISON, AL

Total revenue

$12.8M

Total expenses

$13.4M

Net assets

$7.9M

Grants received

$517K

24 grants

EIN

630356666

Tax year

2023

Mission

Private school dedicated to education of children from pk3 through grade 12.

Financials

FY 2023

Revenue

Contributions & grants$621K
Program service revenue$11.9M
Investment income$178K
Other revenue$96K
Total revenue$12.8M

Expenses

Grants paid
Salaries & benefits$6.8M
Fundraising$259K
Other expenses$6.6M
Total expenses$13.4M
Total assets$13.9M
Net assets$7.9M

People

10 listed

NameRoleCompensation

CASEY FARRIS

PRESIDENT

Board

$206K

50 hrs/wk

DR AMY LEATON

VICE CHAIR

Board

2 hrs/wk

JASON BYBEE

SECRETARY

Board

2 hrs/wk

SHANE STROMEI

TREASURER

Board

2 hrs/wk

TIM BROWN

BOARD MEMBER

Board

2 hrs/wk

WESLEY CANERDAY

CHAIR

Board

2 hrs/wk

SCOTTY SPARKS

BOARD MEMBER

Board

2 hrs/wk

DR JAMES FLATT

BOARD MEMBER

Board

2 hrs/wk

EMILY WALLIS

BOARD MEMBER

Board

2 hrs/wk

CAREY ROSENBLUM

BOARD MEMBER

Board

2 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
$97K
TO PROVIDE ACCESS TO QUALITY EDUCATION
2024
$40K
EDUCATION
2024
$6K
SCHOLARSHIP
2024
$56K
TO PROVIDE ACCESS TO QUALITY EDUCATION
2023
$27K
EDUCATION
2023
$24K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$3K
FOR ASSISTANCE
2023
$3K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$50K
EDUCATION
2022
$25K
TO PROVIDE ACCESS TO
2022
$15K
SCHOLARSHIPS
2022
$10K
Provide access to quality education
2022
$7K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$7K
For grant recipient's exempt purposes
2022
$3K
FOR ASSISTANCE
2022
$3K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$50K
EDUCATION
2021
$17K
TO PROVIDE ACCESS TO QUALITY EDUCATION
2020
$5K
SCHOLARSHIPS
2020

Funded by

$517K from 11 funders · 24 grants · 2018–2024

Scholarships For Kids Inc

$170K · 3 grants · 2020–2024

Ashburn Family Foundation

$140K · 3 grants · 2021–2024

Education Freedom Alabama

$61K · 3 grants · 2022–2023

American Online Giving Foundation Inc

$59K · 3 grants · 2022–2024

Vanguard Charitable Endowment Program

$31K · 2 grants · 2022–2023

Tulsa Community Foundation

$20K · 2 grants · 2020–2022

Community Foundation of Greater Huntsville

$12K · 2 grants · 2018–2020

Details

EIN630356666
Subsection03
Ruling date1958-07
Formed1955
Employees244
Volunteers150
MADISON ACADEMY INC — Mission, Financials & Grants Received | Grantivo