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← FRIENDS OF NOVA CLASSICAL ACADEMY

Form 990 for tax year 2023

Filed by FRIENDS OF NOVA CLASSICAL ACADEMY.

Totals

Total revenue
$1,757,514
Total expenses
$1,405,268
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,622,746
Investment income
$134,768
Other revenue
$0
Total assets, end of year
$20,268,836
Total liabilities, end of year
$21,171,023
Net assets or fund balances, end of year
-$902,187
Program services expenses (Part IX)
$373,621
Management and general expenses
$1,031,647
Fundraising expenses
$0
Program service expenses (Part III)
$373,621

Program services were 26.6% 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.

  • 2f · All other program service revenue

    total $1,622,746 · related or exempt $1,622,746

  • 3 · Investment income

    total $134,768 · related or exempt $134,768

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $204,241 · management and general $204,241

  • 16 · Occupancy

    total $61,814 · program services $61,814

  • 20 · Interest

    total $827,406 · management and general $827,406

  • 22 · Depreciation, depletion and amortization

    total $311,807 · program services $311,807

  • 23 · Insurance

    total $0 · program services $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $243,391 · end of year $435,030

  • 2 · Savings and temporary cash investments

    beginning of year $2,931,111 · end of year $3,152,784

  • 4 · Accounts receivable

    beginning of year $191,638

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

    $18,622,126

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

    $3,530,324

  • 10c · Land, buildings and equipment, net

    beginning of year $15,403,609 · end of year $15,091,802

  • 15 · Other assets

    beginning of year $1,813,581 · end of year $1,589,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $517,107 · end of year $342,071

  • 20 · Tax-exempt bond liabilities

    beginning of year $21,320,656 · end of year $20,828,952

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$637,986 · end of year -$169,898

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$616,447 · end of year -$732,289

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Lease and maintain property for Nova Classical Academy.

Activities or mission (Part I)

Lease and maintain property of Nova Classical Academy

  • Lease and maintain property for Nova Classical Academy.

    Expenses $373,621

As filed on the 2023 return.

Listed in Part VII

  • Dr Missy Johnson

    Secretary

    Total calculated
    $122,835
    From this org
    $0
    From related orgs
    $106,324
    Other
    $16,511
    Hours/week
    1 + 40 related

  • Jesse Prins

    Director

    Total calculated
    $69,762
    From this org
    $0
    From related orgs
    $58,144
    Other
    $11,618
    Hours/week
    1 + 40 related

  • Christina Geer

    President

    Total calculated
    $29,275
    From this org
    $0
    From related orgs
    $26,724
    Other
    $2,551
    Hours/week
    1 + 40 related

  • Duane Heidemann

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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
202541359349317819

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