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← WESTMINSTER ACADEMY

Form 990 for tax year 2024

Filed by WESTMINSTER ACADEMY.

Totals

Total revenue
$7,805,899
Total expenses
$8,325,542
Contributions and grants received
$328,135
Grants paid
$1,877,628
Program service revenue
$7,327,598
Investment income
$103,784
Other revenue
$46,382
Total assets, end of year
$8,068,011
Total liabilities, end of year
$6,642,672
Net assets or fund balances, end of year
$1,425,339
Program services expenses (Part IX)
$6,213,769
Management and general expenses
$1,892,006
Fundraising expenses
$219,767
Program service expenses (Part III)
$6,213,769

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)

    $4,989

  • 1f · All other contributions, gifts and grants

    $323,146

  • 2a · Program service revenue: FACTS TUITION INCOME

    total $6,793,911 · related or exempt $6,793,911

  • 2b · Program service revenue: TUITION INSURANCE & IN

    total $118,206 · related or exempt $118,206

  • 2c · Program service revenue: WEE INCOME

    total $70,700 · related or exempt $70,700

  • 2d · Program service revenue: SUMMER CAMP INCOME

    total $41,545 · related or exempt $41,545

  • 2e · Program service revenue: TRAP - INCOME

    total $30,110 · related or exempt $30,110

  • 2f · All other program service revenue

    total $273,126 · related or exempt $273,126

  • 3 · Investment income

    total $103,784 · excluded $103,784

  • 8a · Fundraising events: gross income

    $62,210

  • 8b · Fundraising events: direct expenses

    $34,536

  • 8c · Net income from fundraising events

    total $27,674 · excluded $27,674

  • 11a · Other revenue: MISC. INCOME

    total $17,782 · related or exempt $17,782

  • 11b · Other revenue: STUDENT FINES

    total $926 · related or exempt $926

  • 11e · Other revenue, total

    $18,708

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,877,628 · program services $1,877,628

  • 5 · Compensation of officers, directors and key employees

    total $75,000 · management and general $75,000

  • 7 · Other salaries and wages

    total $3,723,239 · program services $2,462,543 · management and general $1,110,964 · fundraising $149,732

  • 8 · Pension plan contributions

    total $106,411 · program services $69,178 · management and general $33,059 · fundraising $4,174

  • 9 · Other employee benefits

    total $399,294 · program services $259,581 · management and general $124,051 · fundraising $15,662

  • 10 · Payroll taxes

    total $279,166 · program services $181,486 · management and general $86,730 · fundraising $10,950

  • 11c · Fees: accounting

    total $17,496 · management and general $17,496

  • 12 · Advertising and promotion

    total $60,310 · management and general $60,310

  • 14 · Information technology

    total $48,658 · program services $16,057 · management and general $32,114 · fundraising $487

  • 16 · Occupancy

    total $402,380 · program services $382,261 · management and general $16,095 · fundraising $4,024

  • 19 · Conferences, conventions and meetings

    total $51,541 · program services $51,541

  • 22 · Depreciation, depletion and amortization

    total $67,891 · program services $64,496 · management and general $2,716 · fundraising $679

  • 23 · Insurance

    total $31,409 · program services $29,839 · management and general $1,256 · fundraising $314

  • 24a · Other expenses: OTHER EXPENSES

    total $371,286 · program services $172,462 · management and general $178,407 · fundraising $20,417

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $280,916 · program services $115,222 · management and general $152,655 · fundraising $13,039

  • 24c · Other expenses: ATHLETIC EXPENSE

    total $176,823 · program services $176,823

  • 24d · Other expenses: STUDENT TRIPS

    total $163,500 · program services $163,500

  • 24e · All other expenses

    total $192,594 · program services $191,152 · management and general $1,153 · fundraising $289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,281,626 · end of year $1,439,538

  • 4 · Accounts receivable

    beginning of year $4,340,663 · end of year $4,506,213

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,280 · end of year $192,396

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

    $1,369,091

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

    $580,746

  • 10c · Land, buildings and equipment, net

    beginning of year $717,540 · end of year $788,345

  • 11 · Investments: publicly traded securities

    beginning of year $909,747 · end of year $0

  • 15 · Other assets

    beginning of year $1,532,016 · end of year $1,141,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $368,446 · end of year $332,415

  • 19 · Deferred revenue

    beginning of year $5,002,640 · end of year $5,108,558

  • 25 · Other liabilities

    beginning of year $1,575,804 · end of year $1,201,699

  • 27 · Net assets without donor restrictions

    beginning of year $1,572,155 · end of year $1,027,893

  • 28 · Net assets with donor restrictions

    beginning of year $372,827 · end of year $397,446

Mission and programs · 2024

Mission

THE SCHOOL PROVIDES CLASSICAL CHRISTIAN EDUCATION TO STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH TWELVE.

Activities or mission (Part I)

PROVIDE CLASSICAL CHRISTIAN EDUCATION TO STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH 12

  • PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES JUNIOR KINDERGARTEN THROUGH 12.

    Expenses $6,213,769 · Grants $1,877,628 · Revenue $7,346,306

As filed on the 2024 return.

Listed in Part VII

  • Bryn Elizabeth Wilson

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Dr Robert Wilder Bradsher III

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Parker Dixon Tenent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kelly Witt Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jesse Matthew Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Timothy Lamar Keith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sallie Adamson Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jack Hanzlik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steve Piacentini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Preston Atwood

    HEADMASTER

    Total calculated
    $77,853
    From this org
    $77,853
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ralph Janikowsky

    FORMER HEADMASTER

    Total calculated
    $97,294
    From this org
    $85,294
    From related orgs
    $0
    Other
    $12,000
    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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.2
Source object
202640169349300144

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