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Nonprofiteer
← CHRIST ACADEMY

Form 990 for tax year 2022

Filed by CHRIST ACADEMY.

Totals

Total revenue
$2,436,621
Total expenses
$3,097,373
Contributions and grants received
$251,321
Grants paid
$0
Program service revenue
$1,940,092
Investment income
$0
Other revenue
$245,208
Total assets, end of year
$15,190,618
Total liabilities, end of year
$2,993,222
Net assets or fund balances, end of year
$12,197,396
Program services expenses (Part IX)
$2,156,880
Management and general expenses
$899,084
Fundraising expenses
$41,409
Program service expenses (Part III)
$2,156,880

Program services were 69.6% 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.

  • 1f · All other contributions, gifts and grants

    $251,321

  • 2a · Program service revenue: TUITION AND FEES

    total $1,875,292 · related or exempt $1,875,292

  • 2b · Program service revenue: DAY CARE AND AFTER SCH

    total $64,800 · related or exempt $64,800

  • 8a · Fundraising events: gross income

    $417,084

  • 8b · Fundraising events: direct expenses

    $209,058

  • 8c · Net income from fundraising events

    total $208,026 · excluded $208,026

  • 11a · Other revenue: MISCELLANEOUS

    total $37,182 · excluded $37,182

  • 11e · Other revenue, total

    $37,182

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,174 · management and general $126,174

  • 7 · Other salaries and wages

    total $1,497,215 · program services $1,042,251 · management and general $424,964 · fundraising $30,000

  • 8 · Pension plan contributions

    total $35,185 · program services $23,015 · management and general $12,170

  • 9 · Other employee benefits

    total $93,341 · program services $59,502 · management and general $31,464 · fundraising $2,375

  • 10 · Payroll taxes

    total $116,399 · program services $74,731 · management and general $39,517 · fundraising $2,151

  • 11b · Fees: legal

    total $3,350 · management and general $3,350

  • 11c · Fees: accounting

    total $32,188 · management and general $32,188

  • 11g · Fees: other

    total $47,533 · management and general $47,533

  • 12 · Advertising and promotion

    total $33,337 · management and general $30,003 · fundraising $3,334

  • 13 · Office expenses

    total $61,420 · program services $46,729 · management and general $11,142 · fundraising $3,549

  • 14 · Information technology

    total $97,021 · program services $87,319 · management and general $9,702

  • 16 · Occupancy

    total $196,976 · program services $189,570 · management and general $7,406

  • 19 · Conferences, conventions and meetings

    total $5,365 · management and general $5,365

  • 20 · Interest

    total $86,303 · management and general $86,303

  • 22 · Depreciation, depletion and amortization

    total $403,094 · program services $387,938 · management and general $15,156

  • 23 · Insurance

    total $77,742 · program services $74,819 · management and general $2,923

  • 24a · Other expenses: CURRICULUM

    total $164,039 · program services $164,039

  • 24b · Other expenses: MISCELLANEOUS

    total $13,934 · program services $6,967 · management and general $6,967

  • 24c · Other expenses: DUES, LICENSES AND FEES

    total $6,757 · management and general $6,757

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,044 · end of year -$6,765

  • 3 · Pledges and grants receivable

    beginning of year $459,638 · end of year $308,917

  • 4 · Accounts receivable

    beginning of year $12,329 · end of year $97,347

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,345 · end of year $93,383

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

    $18,158,483

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

    $4,502,765

  • 10c · Land, buildings and equipment, net

    beginning of year $14,033,053 · end of year $13,655,718

  • 15 · Other assets

    beginning of year $1,014,896 · end of year $1,042,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,674 · end of year $51,064

  • 19 · Deferred revenue

    beginning of year $413,301 · end of year $635,541

  • 23 · Secured mortgages and notes payable

    beginning of year $2,326,305 · end of year $2,306,617

  • 27 · Net assets without donor restrictions

    beginning of year $11,816,129 · end of year $11,155,378

  • 28 · Net assets with donor restrictions

    beginning of year $1,014,896 · end of year $1,042,018

Mission and programs · 2022

Mission

TO PRODUCE ACADEMICALLY WELL-PREPARED STUDENTS WHO MODEL THE CHARACTER OF JESUS CHRIST.

  • THE SCHOOL PROVIDED APPROXIMATELY 260 STUDENTS IN GRADES PRE-K THROUGH 12 WITH A QUALITY EDUCATION BASED IN A CHARITABLE AND RELIGIOUS ENVIRONMENT.

    Expenses $2,156,880 · Revenue $1,940,092

As filed on the 2022 return.

Listed in Part VII

  • Rik Lipscomb

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karin Ayer

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Inman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kris Warman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Whitney Flack

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lory Wilson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Altman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Hayley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Lewis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ike Butterworth

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Hooker

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allison Gray

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Jerry Meadows

    CHIEF EDUCATIONAL OFFICER

    Total calculated
    $126,174
    From this org
    $126,174
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349301512

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