Academy For Classical Education Inc
Macon, GA
What do they do?
This organization runs a public charter school that provides education to students in grades K-12. They focus on classical education methods and serve students in Macon, Georgia.
Their mission:
"To build the foundation of knowledge and critical thinking skills necessary for children to become independent learners for life."
💵 Money In vs. Money Out (2023)
Money they received
$24.0 million
Money they spent
$23.9 million
✅ They had money left over. They received $76K more than they spent.
💡 This shows the big picture: how much came in and how much went out for the year.
📥 Where did the money come from? (2023)
| Source | Amount | % |
|---|---|---|
Donations from people Gifts from individuals and families | $68K | 0% |
Grants Money from the government to run the school | $22.4 million | 91% |
Money earned from services Fees and payments for educational services | $1.1 million | 5% |
Investment earnings Money their savings accounts earned | $291 | 0% |
Other income Program service revenue and other miscellaneous income | $1.1 million | 5% |
| Total | $24.7 million | 100% |
💡 This shows all the different ways this organization received money during the year.
📤 Where did the money go? (2023)
| What it paid for | Amount | % |
|---|---|---|
Employee salaries & benefits Paychecks, health insurance, and retirement benefits for all workers | $11.6 million | 56% |
Executive/officer pay What the top managers and bosses get paid | $309K | 1% |
Office & rent Building costs, utilities, and office supplies | $1.5 million | 7% |
Professional services Lawyers, accountants, and other professional help | $119K | 1% |
Travel Transportation and travel expenses | $70K | 0% |
Technology & equipment Computers, software, and technology equipment | $438K | 2% |
Other expenses Student programs, equipment, interest payments, insurance, and other school-related costs | $6.6 million | 32% |
| Total spent | $20.7 million | 100% |
💡 This is the real breakdown from their tax filing. It shows exactly what they spent money on.
👥 Who runs this organization? (2023)
| Name | Job Title | Paid |
|---|---|---|
| Laura Perkins | Complex Principal | $104,616 |
| Estelle Stokes | Dean of Academics | $103,738 |
| Pat Kelly | Chief Financial Officer | $101,117 |
💡 These are the people who make decisions for this organization and how much they were paid for the year.
🏦 What do they own vs. what do they owe? (2023)
| 💰 Total stuff they own (assets) | $58.7 million |
| 💳 Total they owe (debts) | $68.0 million |
| 📊 What's left (net worth) | -$9.3 million |
💡 Their debts are bigger than what they own. This sometimes happens when organizations borrow money to build things like buildings or expand their programs. It doesn't always mean they're in trouble.
🎯 What programs do they run?
They operate a public charter school that provides facilities, teachers, instructional services and materials for students. The school uses classical education methods to teach kids from kindergarten through 12th grade.
⚠️ Things you might want to know
The organization has a significant deficit in net assets (-$9,410,335), meaning they owe more than they own. They also have large pension liabilities ($24,929,986) which could be a long-term financial burden.
📄 Where did we get this info?
This comes from the IRS Form 990 that Academy For Classical Education Inc filed for the year 2023. Every nonprofit has to tell the government how they spent their money, and that info is public.
👉 See the original tax form yourself →Data from ProPublica Nonprofit Explorer. Plain English summaries created with AI and reviewed for accuracy.