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Nonprofiteer
← LIVING STONES ACADEMY

Form 990 for tax year 2023

Filed by LIVING STONES ACADEMY.

Totals

Total revenue
$2,566,313
Total expenses
$2,469,571
Contributions and grants received
$929,319
Grants paid
$0
Program service revenue
$1,578,522
Investment income
$41,382
Other revenue
$17,090
Total assets, end of year
$7,214,307
Total liabilities, end of year
$243,015
Net assets or fund balances, end of year
$6,971,292
Program services expenses (Part IX)
$1,980,738
Management and general expenses
$329,981
Fundraising expenses
$158,852
Program service expenses (Part III)
$1,980,738

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $929,319

  • 1g · Noncash contributions included above

    $5,525

  • 2a · Program service revenue: Tuition

    total $1,004,053 · related or exempt $1,004,053

  • 2b · Program service revenue: EANS Grant

    total $513,086 · related or exempt $513,086

  • 2c · Program service revenue: State of Michigan

    total $60,408 · related or exempt $60,408

  • 2d · Program service revenue: E-rates

    total $975 · related or exempt $975

  • 3 · Investment income

    total $41,382 · excluded $41,382

  • 6a · Gross rents

    real property $16,790

  • 6c · Rental income or loss

    real property $16,790

  • 6d · Net rental income or loss

    total $16,790 · related or exempt $16,790

  • 11d · All other revenue

    total $300 · related or exempt $300

  • 11e · Other revenue, total

    $300

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,690 · program services $40,676 · management and general $50,845 · fundraising $10,169

  • 7 · Other salaries and wages

    total $994,715 · program services $810,889 · management and general $127,828 · fundraising $55,998

  • 8 · Pension plan contributions

    total $44,449 · program services $35,585 · management and general $6,462 · fundraising $2,402

  • 9 · Other employee benefits

    total $123,975 · program services $89,188 · management and general $31,303 · fundraising $3,484

  • 10 · Payroll taxes

    total $75,991 · program services $59,273 · management and general $12,159 · fundraising $4,559

  • 11b · Fees: legal

    total $8,721 · management and general $8,721

  • 11c · Fees: accounting

    total $19,850 · management and general $19,850

  • 11g · Fees: other

    total $389,504 · program services $373,495 · management and general $2,631 · fundraising $13,378

  • 12 · Advertising and promotion

    total $54,181 · fundraising $54,181

  • 13 · Office expenses

    total $66,418 · program services $28,630 · management and general $24,640 · fundraising $13,148

  • 14 · Information technology

    total $102,684 · program services $78,136 · management and general $23,272 · fundraising $1,276

  • 16 · Occupancy

    total $107,184 · program services $101,825 · management and general $5,359

  • 17 · Travel

    total $5,147 · management and general $4,890 · fundraising $257

  • 19 · Conferences, conventions and meetings

    total $14,373 · program services $13,654 · management and general $719

  • 22 · Depreciation, depletion and amortization

    total $208,440 · program services $198,018 · management and general $10,422

  • 23 · Insurance

    total $17,605 · program services $16,725 · management and general $880

  • 24a · Other expenses: Dues & subscriptions

    total $5,509 · program services $5,509

  • 24b · Other expenses: Educational supplies

    total $129,135 · program services $129,135

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,769 · end of year $47,101

  • 2 · Savings and temporary cash investments

    beginning of year $2,776,959 · end of year $1,064,631

  • 3 · Pledges and grants receivable

    beginning of year $993,921 · end of year $545,812

  • 4 · Accounts receivable

    beginning of year $131,065 · end of year $37,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,442 · end of year $48,895

  • 10a · Land, buildings and equipment: cost or other basis

    $6,155,061

  • 10b · Land, buildings and equipment: accumulated depreciation

    $684,194

  • 10c · Land, buildings and equipment, net

    beginning of year $3,066,393 · end of year $5,470,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,597 · end of year $202,666

  • 19 · Deferred revenue

    beginning of year $31,493 · end of year $38,300

  • 25 · Other liabilities

    beginning of year $6,909 · end of year $2,049

  • 27 · Net assets without donor restrictions

    beginning of year $3,443,085 · end of year $6,000,896

  • 28 · Net assets with donor restrictions

    beginning of year $3,431,465 · end of year $970,396

Mission and programs · 2023

Mission

To be a neighborhood Christian school committed to inspiring the minds and hearts of students; equipping them to embrace cultural, economic and racial diversity; and empowering them to love and serve in community.

  • In the 2023-2024 school year, 300 students were educated at an affordable faith-based school where every child is known, loved and inspired.

    Expenses $1,980,738 · Revenue $1,578,522

As filed on the 2023 return.

Listed in Part VII

  • Aaron Winkle

    Head of School

    Total calculated
    $81,819
    From this org
    $36,048
    From related orgs
    $0
    Other
    $45,771
    Hours/week
    50

  • Chardonnay Henderson

    Member

    Total calculated
    $0
    Hours/week
    2

  • Tanell Hills

    Member

    Total calculated
    $0
    Hours/week
    2

  • Sean Baker

    Member

    Total calculated
    $0
    Hours/week
    2

  • LaKiya Jenkins

    Member

    Total calculated
    $0
    Hours/week
    2

  • Peter Boumgarden

    President

    Total calculated
    $0
    Hours/week
    5

  • Brian Krosschell

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Harriet Potoka

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Sara Knoester

    Vice-President

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349307352

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