Stratford Academy INC

Tax-deductible

Macon, GA501(c)(3)Since 1960EducationEIN 58-0831002Revenue $15.1M in FY2025

On file with the IRSstratford.org6010 Peake Rd, 31220-3938 · Macon, GATax-exempt since Sep 1963School — 170(b)(1)(A)(ii)

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Stratford Academy is an independent, non-sectarian, college preparatory school for students in pre-kindergarten through grade twelve. Guided by the motto, "freedom for excellence", Stratford provides a superior education for students with diverse backgrounds and talents and develops responsible, ethical, life-long learners. In partnership with families, students, and faculty, Stratford - provides opportunities for students to develop their individual abilities and skills within the context of a rigorous curriculum. - builds character and integrity by offering students a variety of ethical and cultural perspectives through the curriculum and service to the school and community. - encourages students to engage in a wide range of academic, athletic, fine arts, and service-related activities. - inspires leadership and prepares students for responsible stewardship and citizenship.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 75,100 volunteers and 211 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $766K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 6% of spending
Top officer’s pay higher than 63% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $65K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.1M
-1% vs prior year
Spent
$17.2M
To programs
71%
Net assets
$26.1M
By yearFY2020–FY2025
Revenue
$15.1M
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.0M
FY2021$16.0M
FY2022$15.1M
FY2023$13.8M
FY2024$15.4M
FY2025$15.1M
Expenses
$17.2M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.7M
FY2021$12.4M
FY2022$13.1M
FY2023$13.7M
FY2024$15.7M
FY2025$17.2M
Net assets
$26.1M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$20.8M
FY2021$25.5M
FY2022$27.1M
FY2023$27.1M
FY2024$27.6M
FY2025$26.1M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1963.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $12.2M Management & general 29% · $5.0M Fundraising 0% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of Scho
$291,338Pt VII · Sec A
Head of Fina
$179,437Pt VII · Sec A
Head of Midd
$132,162Pt VII · Sec A
Controller
$128,448Pt VII · Sec A
Dir. of Athl
$105,986Pt VII · Sec A
Director of
$104,502Pt VII · Sec A
Upper School
$100,750Pt VII · Sec A
$0Pt VII · Sec A

Dr Rachel Adams’s $291K as Head of Scho is at the 63rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Rachel Adams$291,338$261,121$134,193———
Mr C Logan Bowlds——$241,118———
Logan Bowlds———$237,901$199,436—
Robert Veto—————$224,348
Janet Refior$179,437—————
Patrick Snead$132,162—————
Mollye Treadway$128,448$114,452$111,208$115,432$112,834—
Barry Veal$105,986—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students from pre-K through 12th grade, fostering excellence and lifelong learning.

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Provided by the organization

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1 program · $12.2M · in their own filed words · FY2024
01

The organization provides a superior education for students with diverse backgrounds and talents and develops responsible, ethical, life-long learners. In partnership with families, students, and faculty, stratford - provides opportunities for students to develop their individual abilities and skills within the context of a rigorous…

$12.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$65K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$15.1M
Ln 12
Fees for servicesLn 2g$13.7M
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$369K
Money outPt IX
$17.2M
Ln 25
Programscol B$12.2M
Managementcol C$5.0M
Fundraisingcol D$37K
Owns and owesPt X
$26.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$31.5M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
24
listed · VII A
PaidVII A7
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$86K
Fees for servicesLn 2g$13.7M
Investment incomeLn 3$369K
Gains on assetsLn 7$37K
Total revenueLn 12$15.1M
Assets in detailPt X, end of year
CashLn 1$470K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$7.2M
Land, buildings, equipmentLn 10c$20.5M
Other assetsLn 15$63K
Total assetsLn 16$31.5M
LiabilitiesLn 26$5.5M
Net assetsLn 32$26.1M
OperationsPt I, VI
EmployeesI 5211
VolunteersI 675,100
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.8M$3.0M
InvestmentsLn 11–13$6.8M$7.2M
Land, buildings, equipmentLn 10c$19.5M$20.5M
Total assetsLn 16$32.1M$31.5M
LiabilitiesLn 26$4.4M$5.5M
Net assetsLn 32$27.6M$26.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$471K$327K$144K
Other salaries and wagesLn 7$8.0M$5.5M$2.4M
Other employee benefitsLn 9$1.0M$692K$313K
Payroll taxesLn 10$608K$418K$189K
Other fees for servicesLn 11g$104K$104K
Information technologyLn 14$5K$5K
InterestLn 20$103K$80K$24K
Depreciation, depletion and amortizationLn 22$1.5M$1.1M$339K
InsuranceLn 23$135K$135K
Other expenses (24a–d)Ln 24$2.5M$2.2M$320K
All other expensesLn 24e$2.9M$1.8M$976K$37K
Total functional expensesLn 25$17.2M$12.2M$5.0M$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $15.1M$17.2M−$2.1M$26.1M 990 PDF
FY2024 $15.4M$15.7M−$314K$27.6M 990 PDF
FY2023 $13.8M$13.7M$65K$27.1M 990 PDF
FY2022 $15.1M$13.1M$2.0M$27.1M 990 PDF
FY2021 $16.0M$12.4M$3.6M$25.5M 990 PDF
FY2020 $13.0M$11.7M$1.3M$20.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $15,147,523 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,360,229$1,118,352
I-9 Program service revenuePrior year $12,659,403$13,659,810
I-10 Investment incomePrior year $336,777$369,361
I-11 Other revenue$0
I-12 Total revenuePrior year $15,356,409$15,147,523
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,218,736$10,075,926
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,451,542$7,157,702
I-18 Total expensesPrior year $15,670,278$17,233,628
I-19 Revenue less expensesPrior year −$313,869−$2,086,105
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,147,523 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,118,352
VIII-1g Noncash contributions (included above)$86,293
VIII-1h Total contributions, gifts and grants$1,118,352
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,659,810$13,659,810
VIII-3 Investment incomeExcluded from tax $332,062$332,062
VIII-7 Net gain or loss on sales of assetsRelated to mission $37,299$37,299
VIII-12 Total revenueRelated to mission $13,697,109 · Excluded from tax $332,062$15,147,523
Part IX · Statement of functional expenses $17,233,628 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $326,812 · Management $143,963$470,775
IX-7 Other salaries and wagesPrograms $5,548,003 · Management $2,444,272$7,992,275
IX-9 Other employee benefitsPrograms $691,827 · Management $313,151$1,004,978
IX-10 Payroll taxesPrograms $418,477 · Management $189,421$607,898
IX-11g Other fees for servicesManagement $104,256$104,256
IX-14 Information technologyPrograms $4,975$4,975
IX-20 InterestPrograms $79,673 · Management $23,799$103,472
IX-22 Depreciation, depletion and amortizationPrograms $1,129,442 · Management $338,891$1,468,333
IX-23 InsuranceManagement $134,706$134,706
IX-24 Other expenses (24a–d)Programs $2,160,531 · Management $319,707$2,480,238
IX-24e All other expensesPrograms $1,849,254 · Management $975,545 · Fundraising $36,923$2,861,722
IX-25 Total functional expensesPrograms $12,208,994 · Management $4,987,711 · Fundraising $36,923$17,233,628
Part X · Balance sheet $31,519,968 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $103,024$469,734
X-2 Savings and temporary cash investmentsStart of year $3,654,688$2,518,535
X-3 Pledges and grants receivableStart of year $173,516$102,009
X-4 Accounts receivableStart of year $653,940$528,364
X-8 Inventories for sale or useStart of year $29,363$36,751
X-9 Prepaid expenses and deferred chargesStart of year $22,421$150,044
X-10c Land, buildings and equipment, netStart of year $19,490,466$20,486,931
X-11 Publicly traded securitiesStart of year $6,776,581$7,165,074
X-15 Other assetsStart of year $1,190,048$62,526
X-16 Total assetsStart of year $32,094,047$31,519,968
X-17 Accounts payable and accrued expensesStart of year $1,109,644$1,401,370
X-19 Deferred revenueStart of year $466,334$829,635
X-25 Other liabilitiesStart of year $854,720$811,795
X-26 Total liabilitiesStart of year $4,446,131$5,458,550
X-27 Net assets without donor restrictionsStart of year $23,471,569$21,918,961
X-28 Net assets with donor restrictionsStart of year $4,176,347$4,142,457
X-32 Total net assets or fund balancesStart of year $27,647,916$26,061,418
X-33 Total liabilities and net assetsStart of year $32,094,047$31,519,968
Part XI · Reconciliation of net assets $26,061,418 net assets at year end
XI-1 Total revenue$15,147,523
XI-2 Total expenses$17,233,628
XI-3 Revenue less expenses−$2,086,105
XI-4 Net assets at start of year$27,647,916
XI-5 Net unrealized gains (losses) on investments$499,607
XI-10 Net assets at end of year$26,061,418

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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