Public Charity

Broadwater Academy

Broadwater Academy is a nonprofit organization categorized as Public Charity based in EXMORE, VA. Its most recent IRS filing (2025) reports revenue of $4.2M, expenses of $4.2M, total assets of $4.3M. Imperigo tracks 68 reported grant relationships connected to this organization totaling approximately $987K.

EIN: 540799130 EXMORE, VA Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$4.2M
Total Expenses$4.2M
Total Assets$4.3M
Grant Records68
Funding Total$987K
Filing Years2021–2025

Mission

BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL.

Where $100 goes at Broadwater Academy

How Broadwater Academy divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$78 Programs the work itself
$19 Management running the organization
$3 Fundraising raising the next dollar

Inside the $78 for programs

$72
Educational instruction and services provided to approximately 277 students
92% of program spending · Reported in the filing: 277 students
$6
Tuition grants and financial aid credits are used to assist students in attending the academy when they would otherwise not be financially able to do so, approximately 156…
8% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Ace Seybolt
ASSISTANT HEAD OF SCHOOL Barbara Parker
DIRECTOR Blake Johnson
Director Brent Anderson
Chair Chris Willis
Director Clint Crouse

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$784,901 55 grants
General Support
$202,338 13 grants

Financial Trends

Year Revenue Expenses Assets
2025 $4.2M $4.2M $4.3M
2024 $4.4M $4.4M $5.1M
2023 $4.0M $4.3M $4.7M
2022 $4.1M $3.7M $5.2M
2021 $3.5M $3.5M $5.2M

Between 2021 and 2025, reported annual revenue grew from $3.5M to $4.2M (+17%), with total assets most recently reported at $4.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Broadwater Academy

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