|
|
|
|
Income |
2009-2010 |
2010-2011 |
2011-2012 |
2012-2013 |
2013-2014 |
|
|
|
Scholarship Partners |
$925,173 |
$943,500 |
$962,370 |
$981,617 |
$1,001,250 |
|
Partial Partners |
$150,000 |
$153,000 |
$156,060 |
$159,181 |
$162,365 |
|
Individuals |
$200,000 |
$204,000 |
$208,080 |
$212,242 |
$216,486 |
|
Foundations |
$250,000 |
$255,000 |
$260,100 |
$265,302 |
$270,608 |
|
Parent Tuition/Other |
$296,413 |
$300,859 |
$305,372 |
$309,953 |
$314,602 |
|
Subsidized Lunch |
$47,500 |
$48,450 |
$49,419 |
$50,407 |
$51,416 |
|
|
|
TOTAL INCOME |
$1,868,913 |
$1,904,809 |
$1,941,401 |
$1,978,702 |
$2,016,727 |
|
Year-to-Year Increase |
1.88% |
1.88% |
1.88% |
1.89% |
|
Expenditures |
|
|
|
Faculty/Staff |
$1,180,515 |
$1,215,930 |
$1,252,408 |
$1,289,981 |
$1,328,680 |
|
Education |
$334,340 |
$346,042 |
$358,153 |
$370,689 |
$383,663 |
|
Operations |
$159,458 |
$162,648 |
$165,901 |
$169,219 |
$172,603 |
|
Development |
$97,447 |
$99,396 |
$101,384 |
$103,411 |
$105,480 |
|
|
|
TOTAL EXPENDITURES |
$1,771,760 |
$1,824,016 |
$1,877,846 |
$1,933,299 |
$1,990,425 |
|
Year-to-Year Expense Increase |
2.86% |
2.87% |
2.87% |
2.87% |
|
Working Capital |
$280,817 |
$361,610 |
$425,166 |
$470,569 |
$496,870 |
Details on contributions and audit:
All contributions to the Atlanta Youth Academy go through our fund raising foundation, Atlanta Youth Academy Foundation,
Inc. Atlanta Youth Academy, Inc. and Atlanta Youth Academy Foundation, Inc. are audited each year by Leduc & Phillips,
LLC. As of [publication date of annual report], the audit for school year 2008 - 2009 is not complete. At your request,
we would be pleased to provide you with a copy of our audited financial statements. Leduc & Phillips may also be contacted
directly at 1132 Floyd Street, Covington, GA 30014 or via telephone at 770-993-8696.
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