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Nonprofiteer
← THE CHRISTIAN ACADEMY

Form 990 for tax year 2024

Filed by THE CHRISTIAN ACADEMY.

Totals

Total revenue
$10,993,987
Total expenses
$3,841,377
Contributions and grants received
$488,480
Grants paid
$0
Program service revenue
$2,555,140
Investment income
$7,363,014
Other revenue
$587,353
Total assets, end of year
$9,418,343
Total liabilities, end of year
$540,418
Net assets or fund balances, end of year
$8,877,925
Program services expenses (Part IX)
$2,864,451
Management and general expenses
$976,926
Fundraising expenses
$0
Program service expenses (Part III)
$2,864,451

Program services were 74.6% 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.

  • 1e · Government grants (contributions)

    $320,432

  • 1f · All other contributions, gifts and grants

    $168,048

  • 1g · Noncash contributions included above

    $50,972

  • 2a · Program service revenue: TUITION AND FEES

    total $2,555,140 · related or exempt $2,555,140

  • 3 · Investment income

    total $32,103 · related or exempt $32,103

  • 6a · Gross rents

    real property $591,679

  • 6b · Less rental expenses

    real property $144,978

  • 6c · Rental income or loss

    real property $446,701

  • 6d · Net rental income or loss

    total $446,701 · related or exempt $446,701

  • 7a · Gross sales of assets other than inventory

    other assets $8,150,000

  • 7b · Less cost or other basis and sales expenses

    other assets $819,089

  • 7c · Gain or loss

    other assets $7,330,911

  • 7d · Net gain or loss

    total $7,330,911 · related or exempt $7,330,911

  • 11a · Other revenue: CAFETERIA INCOME

    total $98,735 · related or exempt $98,735

  • 11b · Other revenue: OTHER INCOME

    total $23,042 · related or exempt $23,042

  • 11c · Other revenue: CHANGE IN SPLIT INTEREST AGREEMEN

    total $18,875 · related or exempt $18,875

  • 11e · Other revenue, total

    $140,652

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,241,080 · program services $1,629,963 · management and general $611,117

  • 8 · Pension plan contributions

    total $48,687 · program services $31,275 · management and general $17,412

  • 9 · Other employee benefits

    total $352,909 · program services $282,727 · management and general $70,182

  • 10 · Payroll taxes

    total $164,862 · program services $117,139 · management and general $47,723

  • 11a · Fees: management

    total $1,950 · management and general $1,950

  • 11b · Fees: legal

    total $11,525 · management and general $11,525

  • 11c · Fees: accounting

    total $30,000 · management and general $30,000

  • 11g · Fees: other

    total $9,111 · management and general $9,111

  • 12 · Advertising and promotion

    total $43,821 · management and general $43,821

  • 13 · Office expenses

    total $42,982 · program services $16,043 · management and general $26,939

  • 14 · Information technology

    total $2,227 · program services $2,227

  • 16 · Occupancy

    total $107,052 · program services $103,812 · management and general $3,240

  • 17 · Travel

    total $29,352 · program services $29,352

  • 19 · Conferences, conventions and meetings

    total $10,327 · management and general $10,327

  • 20 · Interest

    total $34,876 · management and general $34,876

  • 22 · Depreciation, depletion and amortization

    total $154,348 · program services $149,718 · management and general $4,630

  • 23 · Insurance

    total $48,688 · program services $44,793 · management and general $3,895

  • 24a · Other expenses: CURRICULUM EXPENSE

    total $277,571 · program services $277,571

  • 24b · Other expenses: CLEANING SUPPLIES/SERVI

    total $109,506 · program services $106,220 · management and general $3,286

  • 24c · Other expenses: MAINTENANCE

    total $75,888 · program services $73,611 · management and general $2,277

  • 24d · Other expenses: MEMBERSHIP DUES

    total $10,765 · management and general $10,765

  • 24e · All other expenses

    total $33,850 · management and general $33,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,953 · end of year $7,969,191

  • 4 · Accounts receivable

    beginning of year $15,522 · end of year $41,133

  • 7 · Other notes and loans receivable

    end of year $19,000

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

    $4,712,928

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

    $3,641,901

  • 10c · Land, buildings and equipment, net

    beginning of year $1,702,106 · end of year $1,071,027

  • 11 · Investments: publicly traded securities

    beginning of year $333,792 · end of year $0

  • 15 · Other assets

    beginning of year $388,159 · end of year $317,992

  • 17 · Accounts payable and accrued expenses

    beginning of year $440,608 · end of year $349,213

  • 19 · Deferred revenue

    beginning of year $42,150 · end of year $43,300

  • 25 · Other liabilities

    beginning of year $481,459 · end of year $147,905

  • 27 · Net assets without donor restrictions

    beginning of year $1,371,753 · end of year $8,621,016

  • 28 · Net assets with donor restrictions

    beginning of year $353,562 · end of year $256,909

Mission and programs · 2024

Mission

THE CHRISTIAN ACADEMY PROVIDES CHRISTIAN EDUCATION TO 300 STUDENTS FROM KINDERGARTEN TO 12TH GRADE. THE CHRISTIAN ACADEMY IS A COLLEGE-PREPARATORY SCHOOL.

  • THE CHRISTIAN ACADEMY OFFERS A 180 DAY SCHEDULE OF CLASSES PROVIDING A COLLEGE-PREPARATORY PROGRAM TO 300 STUDENTS IN GRADES K-12. THOSE STUDENTS REPRESENT THE 15 SCHOOL DISTRICTS OF DELAWARE COUNTY AS WELL AS THE STATES OF DELAWARE, MARYLAND AND NEW JERSEY. THE ACADEMIC PROGRAM IS HIGHLY COMPETITIVE SO THAT THE 2023 GRADUATING CLASS ACCUMULATED SIGNIFICANT ACADEMIC SCHOLARSHIPS TO ATTEND THE COLLEGE OF THEIR CHOICE.

    Expenses $2,864,451 · Revenue $10,505,507

As filed on the 2024 return.

Listed in Part VII

  • MATT FOREMAN

    BOARD VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • CHRISTINE SPECHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • JOSH CARTER

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • TERRENCE MONTGOMERY

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • RANDY WARREN

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    4
  • WILLIAM DUTTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • JON THOMPSON

    HEAD OF SCHOOL (CURRENT)

    Total calculated
    $95,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • KANARD GRAVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

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
2024
Filed
20 January 2026
IRS schema version
2024v5.5
Source object
202640359349300524

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