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Nonprofiteer
← FAITH CHRISTIAN ACADEMY

Form 990 for tax year 2022

Filed by FAITH CHRISTIAN ACADEMY.

Totals

Total revenue
$11,537,215
Total expenses
$10,205,528
Contributions and grants received
$130,698
Grants paid
$0
Program service revenue
$11,333,273
Investment income
$569
Other revenue
$72,675
Total assets, end of year
$13,393,947
Total liabilities, end of year
$6,430,466
Net assets or fund balances, end of year
$6,963,481
Program services expenses (Part IX)
$8,531,992
Management and general expenses
$1,208,691
Fundraising expenses
$464,845
Program service expenses (Part III)
$8,531,992

Program services were 83.6% 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

    $130,698

  • 2a · Program service revenue: TUITION FEES

    total $10,653,088 · related or exempt $10,653,088

  • 2b · Program service revenue: FOOD SERVICE

    total $256,768 · related or exempt $256,768

  • 2c · Program service revenue: ATHLETIC ADMISSIONS

    total $204,646 · related or exempt $204,646

  • 2d · Program service revenue: SPECIAL PROGRAMS

    total $135,934 · related or exempt $135,934

  • 2e · Program service revenue: SCHOOL STORE

    total $82,837 · related or exempt $82,837

  • 3 · Investment income

    total $569 · related or exempt $569

  • 8a · Fundraising events: gross income

    $72,675

  • 8c · Net income from fundraising events

    total $72,675

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $228,154 · program services $228,154

  • 7 · Other salaries and wages

    total $6,702,227 · program services $5,534,749 · management and general $932,932 · fundraising $234,546

  • 9 · Other employee benefits

    total $396,316 · program services $328,942 · management and general $53,503 · fundraising $13,871

  • 11b · Fees: legal

    total $38,596 · management and general $38,596

  • 11c · Fees: accounting

    total $38,596 · management and general $38,596

  • 12 · Advertising and promotion

    total $150,986 · fundraising $150,986

  • 13 · Office expenses

    total $196,863 · program services $157,491 · management and general $19,686 · fundraising $19,686

  • 14 · Information technology

    total $84,245 · program services $67,396 · management and general $16,849

  • 16 · Occupancy

    total $621,587 · program services $569,758 · management and general $51,829

  • 20 · Interest

    total $274,278 · program services $274,278

  • 22 · Depreciation, depletion and amortization

    total $326,001 · program services $326,001

  • 23 · Insurance

    total $111,522 · program services $111,522

  • 24a · Other expenses: CLASSROOM SUPPLIES

    total $258,092 · program services $232,283 · management and general $25,809

  • 24b · Other expenses: LUNCH PROGRAM

    total $238,265 · program services $238,265

  • 24c · Other expenses: ATHLETICS PROGRAM

    total $195,326 · program services $195,326

  • 24d · Other expenses: STORE EXPENSES

    total $91,512 · program services $45,756 · fundraising $45,756

  • 24e · All other expenses

    total $252,962 · program services $222,071 · management and general $30,891

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,224,414 · end of year $1,591,980

  • 4 · Accounts receivable

    beginning of year $284,580 · end of year $125,513

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,608 · end of year $35,399

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

    $13,102,748

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

    $1,461,693

  • 10c · Land, buildings and equipment, net

    beginning of year $7,446,998 · end of year $11,641,055

  • 15 · Other assets

    beginning of year $2

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,432 · end of year $235,812

  • 19 · Deferred revenue

    beginning of year $103,818 · end of year $216,226

  • 23 · Secured mortgages and notes payable

    beginning of year $3,218,558 · end of year $5,978,428

  • 27 · Net assets without donor restrictions

    beginning of year $5,111,038 · end of year $6,296,507

  • 28 · Net assets with donor restrictions

    beginning of year $520,756 · end of year $666,974

Mission and programs · 2022

Mission

TO PROVIDE EXCELLENCE IN EDUCATION WITH A BIBLICAL PERSPECTIVE FOR EFFECTIVENESS IN SERVING

  • THE ORGANIZATION PROVIDES A SUPERIOR EDUCATION IN A CHRISTIAN ENVIRONMENT TO APPROXIMATELY 900 STUDENTS FROM KINDERGARTEN TO TWELTH GRADE AND APPROXIMATELY 400 CHILDREN IN DAYCARE FROM NURSERY TO K-4.

    Expenses $8,531,992 · Revenue $11,333,842

As filed on the 2022 return.

Listed in Part VII

  • Ryan Clymer

    PRINCIPAL

    Total calculated
    $228,154
    From this org
    $228,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,154
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $228,154

  • Ron Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Dan Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Detweiler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Forker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allison Nicholson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dan Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Toomey

    DIRECTOR

    Total calculated
    $0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202430649349300808

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