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← ROCKBRIDGE ACADEMY INC

Form 990 for tax year 2023

Filed by ROCKBRIDGE ACADEMY INC.

Totals

Total revenue
$7,098,448
Total expenses
$6,129,827
Contributions and grants received
$215,558
Grants paid
$0
Program service revenue
$5,872,215
Investment income
$83,015
Other revenue
$927,660
Total assets, end of year
$10,847,440
Total liabilities, end of year
$5,710,568
Net assets or fund balances, end of year
$5,136,872
Program services expenses (Part IX)
$4,387,716
Management and general expenses
$1,736,461
Fundraising expenses
$5,650
Program service expenses (Part III)
$4,387,716

Program services were 71.6% 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.

  • 1c · Fundraising events

    $54,876

  • 1f · All other contributions, gifts and grants

    $160,682

  • 1g · Noncash contributions included above

    $9,601

  • 2a · Program service revenue: TUITION & FEES

    total $5,518,672 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SCHOOL ACTIVITIES

    total $300,142 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: CONFERENCES/SCHOOL STORE

    total $36,987 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: MISCELLANEOUS

    total $16,414 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $79,062 · unrelated business $0 · excluded $79,062

  • 6a · Gross rents

    real property $7,930

  • 6c · Rental income or loss

    real property $7,930

  • 6d · Net rental income or loss

    total $7,930 · related or exempt $7,930

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $3,953

  • 7c · Gain or loss

    securities $0 · other assets $3,953

  • 7d · Net gain or loss

    total $3,953 · related or exempt $3,953 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $54,876

  • 11a · Other revenue: ERTC REBATE

    total $778,730 · related or exempt $778,730 · unrelated business $0 · excluded $0

  • 11b · Other revenue: SECURITY GRANT

    total $141,000 · related or exempt $141,000 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $919,730

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,525 · program services $18,303 · management and general $134,222 · fundraising $0

  • 7 · Other salaries and wages

    total $3,130,467 · program services $2,157,794 · management and general $972,673 · fundraising $0

  • 9 · Other employee benefits

    total $486,078 · program services $361,904 · management and general $124,174 · fundraising $0

  • 10 · Payroll taxes

    total $243,438 · program services $162,477 · management and general $80,961 · fundraising $0

  • 13 · Office expenses

    total $44,152 · program services $35,827 · management and general $8,325 · fundraising $0

  • 20 · Interest

    total $218,535 · program services $176,370 · management and general $42,165 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $483,859 · program services $333,862 · management and general $149,997 · fundraising $0

  • 23 · Insurance

    total $51,628 · program services $35,623 · management and general $16,005 · fundraising $0

  • 24a · Other expenses: FACILITIES EXPENSE

    total $401,769 · program services $299,820 · management and general $101,949 · fundraising $0

  • 24b · Other expenses: GRAND TOUR

    total $361,058 · program services $361,058 · management and general $0 · fundraising $0

  • 24c · Other expenses: CURRICULUM

    total $129,446 · program services $129,446 · management and general $0 · fundraising $0

  • 24d · Other expenses: ATHLETICS

    total $91,389 · program services $91,389 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $335,483 · program services $223,843 · management and general $105,990 · fundraising $5,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,761,708 · end of year $2,585,420

  • 2 · Savings and temporary cash investments

    beginning of year $41,007 · end of year $44,405

  • 4 · Accounts receivable

    beginning of year $53,065 · end of year $170,268

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,852 · end of year $75,697

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

    $9,696,764

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

    $2,038,257

  • 10c · Land, buildings and equipment, net

    beginning of year $7,890,815 · end of year $7,658,507

  • 15 · Other assets

    beginning of year $450 · end of year $313,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,471 · end of year $170,536

  • 19 · Deferred revenue

    beginning of year $550,244 · end of year $496,477

  • 25 · Other liabilities

    beginning of year $4,869,931 · end of year $5,043,555

  • 27 · Net assets without donor restrictions

    beginning of year $4,147,187 · end of year $5,097,492

  • 28 · Net assets with donor restrictions

    beginning of year $21,064 · end of year $39,380

Mission and programs · 2023

Mission

CLASSICAL CHRISTIAN SCHOOL EDUCATING CHILDREN FROM JUNIOR KINDERGARTEN THROUGH GRADE TWELVE

  • OPERATION OF A SCHOOL THAT CLOSELY ADHERES TO THE STATEMENT OF FAITH AND PURPOSE.

    Expenses $4,387,716 · Revenue $5,880,145

As filed on the 2023 return.

Listed in Part VII

  • ROY GRIFFITH

    HEADMASTER

    Total calculated
    $134,480
    From this org
    $108,604
    From related orgs
    $0
    Other
    $25,876
    Hours/week
    40

  • STEPHEN KAISS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • KEN TROVATO

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • JUSTIN HORST

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • GREG SCHRADER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • EDWARD ATSINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • STAN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • HEIDI STEVENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

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
12 December 2024
IRS schema version
2023v6.0
Source object
202540319349301709

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