Skip to content
Nonprofiteer
← FAITH ACADEMY OF MOBILE INC

Form 990 for tax year 2024

Filed by FAITH ACADEMY OF MOBILE INC.

Totals

Total revenue
$13,309,796
Total expenses
$10,915,681
Contributions and grants received
$40,406
Grants paid
$0
Program service revenue
$12,903,000
Investment income
$198,124
Other revenue
$168,266
Total assets, end of year
$30,928,484
Total liabilities, end of year
$3,377,778
Net assets or fund balances, end of year
$27,550,706
Program services expenses (Part IX)
$8,146,617
Management and general expenses
$2,769,064
Fundraising expenses
$0
Program service expenses (Part III)
$8,146,617

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.

  • 1f · All other contributions, gifts and grants

    $40,406

  • 2a · Program service revenue: TUITION REVENUE

    total $10,241,462 · related or exempt $10,241,462

  • 2b · Program service revenue: AUXILLARY PROGRAM REVENUE

    total $1,458,226 · related or exempt $1,458,226

  • 2c · Program service revenue: STUDENT ACTIVITIES REVENUE

    total $1,203,312 · related or exempt $1,203,312

  • 3 · Investment income

    total $198,124 · related or exempt $198,124

  • 11a · Other revenue: GAINS ON INVESTMENTS

    total $112,557 · related or exempt $112,557

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $47,877 · related or exempt $47,877

  • 11c · Other revenue: CASH SURRENDER VALUE LIFE INSURAN

    total $5,589 · related or exempt $5,589

  • 11d · All other revenue

    total $2,243 · related or exempt $2,243

  • 11e · Other revenue, total

    $168,266

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $220,728 · management and general $220,728

  • 6 · Compensation of disqualified persons

    total $5,742,250 · program services $4,644,942 · management and general $1,097,308

  • 8 · Pension plan contributions

    total $207,216 · program services $207,216

  • 9 · Other employee benefits

    total $152,811 · program services $152,811

  • 10 · Payroll taxes

    total $420,234 · program services $338,391 · management and general $81,843

  • 11b · Fees: legal

    total $29,444 · management and general $29,444

  • 11c · Fees: accounting

    total $32,225 · management and general $32,225

  • 12 · Advertising and promotion

    total $7,235 · management and general $7,235

  • 13 · Office expenses

    total $14,371 · management and general $14,371

  • 16 · Occupancy

    total $46,307 · management and general $46,307

  • 22 · Depreciation, depletion and amortization

    total $527,261 · program services $505,109 · management and general $22,152

  • 23 · Insurance

    total $496,222 · program services $8,686 · management and general $487,536

  • 24a · Other expenses: SUPPLIES

    total $660,928 · program services $660,928

  • 24b · Other expenses: CAFETERIA COSTS

    total $555,795 · program services $555,795

  • 24c · Other expenses: STUDENT ACTIVITIES - EV

    total $448,521 · program services $448,521

  • 24d · Other expenses: CONTRACT LABOR

    total $312,592 · program services $205,218 · management and general $107,374

  • 24e · All other expenses

    total $1,041,541 · program services $419,000 · management and general $622,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,674,730 · end of year $2,462,281

  • 2 · Savings and temporary cash investments

    end of year $3,615,827

  • 3 · Pledges and grants receivable

    beginning of year $759,820 · end of year $759,820

  • 4 · Accounts receivable

    beginning of year $28,111 · end of year $12,683

  • 8 · Inventories for sale or use

    beginning of year $312,439 · end of year $822,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,404 · end of year $21,991

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

    $22,764,560

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

    $9,010,452

  • 10c · Land, buildings and equipment, net

    beginning of year $13,284,829 · end of year $13,754,108

  • 11 · Investments: publicly traded securities

    beginning of year $37,986 · end of year $94,787

  • 12 · Investments: other securities

    beginning of year $9,336,811 · end of year $9,251,371

  • 15 · Other assets

    beginning of year $127,128 · end of year $132,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,101 · end of year $71,618

  • 19 · Deferred revenue

    beginning of year $2,315,473 · end of year $2,252,965

  • 25 · Other liabilities

    beginning of year $1,028,093 · end of year $1,053,195

  • 27 · Net assets without donor restrictions

    beginning of year $25,156,591 · end of year $27,550,706

Mission and programs · 2024

Mission

THE CORPORATION OWNS AND OPERATES A CHRISTIAN SCHOOL WHICH PROVIDES PRIMARY EDUCATION, INCLUDING TRADITIONAL COURSES OF STUDY, FOR STUDENTS IN GRADES PRE-K THROUGH 12

  • PROVISION OF PRIMARY EDUCATIONS, INCLUDING TRADITIONAL COURSES OF STUDY FOR STUDENTS GRADES PRE-K THROUGH 12. FAITH ACADEMY HAD APPROXIMATELY 1,953 STUDENTS ENROLLED DURING THE 2024 - 2025 SCHOOL YEAR

    Expenses $8,146,617 · Revenue $13,588,179

  • N/A

  • N/A

As filed on the 2024 return.

Listed in Part VII

  • John Timothy Skelton

    HEADMASTER

    Total calculated
    $83,069
    From this org
    $83,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anna Penelope Skelton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Barry Pickering

    HIGH SCHOOL PRINCIPA

    Total calculated
    $82,829
    From this org
    $82,829
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sabra D Kirby

    PRIMARY SCHOOL PRINC

    Total calculated
    $0
    Hours/week
    40

  • Steve Braswell

    SECRETARY/TREASURER

    Total calculated
    $49,492
    From this org
    $0
    From related orgs
    $49,492
    Other
    $0
    Hours/week
    1 + 40 related

  • Richard E Braswell

    PRESIDENT

    Total calculated
    $147,281
    From this org
    $0
    From related orgs
    $147,281
    Other
    $0
    Hours/week
    1 + 40 related

  • Geri W Sikes

    ELEM SCHOOL PRINCIPA

    Total calculated
    $54,830
    From this org
    $54,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Suzanne Howard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    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.

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
6 March 2026
IRS schema version
2024v5.5
Source object
202601059349301495

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.