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Nonprofiteer
← NORTHWEST CLASSICAL ACADEMY INC

Form 990 for tax year 2022

Filed by NORTHWEST CLASSICAL ACADEMY INC.

Totals

Total revenue
$9,904,694
Total expenses
$8,775,428
Contributions and grants received
$9,589,939
Grants paid
$0
Program service revenue
$233,150
Investment income
$22,790
Other revenue
$58,815
Total assets, end of year
$13,767,176
Total liabilities, end of year
$11,624,322
Net assets or fund balances, end of year
$2,142,854
Program services expenses (Part IX)
$6,237,538
Management and general expenses
$2,504,819
Fundraising expenses
$33,071
Program service expenses (Part III)
$6,237,538

Program services were 71.1% 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)

    $9,327,468

  • 1f · All other contributions, gifts and grants

    $262,471

  • 2a · Program service revenue: ASP, SPORTS AND CLUB F

    total $189,184 · related or exempt $189,184

  • 2b · Program service revenue: STUDENT SCHOOL SUPPLY

    total $31,615 · excluded $31,615

  • 2c · Program service revenue: OTHER PROGRAM FEES

    total $12,351 · related or exempt $12,351

  • 3 · Investment income

    total $22,790 · excluded $22,790

  • 11a · Other revenue: REFUNDS AND MISC INCOM

    total $58,815 · excluded $58,815

  • 11e · Other revenue, total

    $58,815

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,058 · program services $32,265 · management and general $64,529 · fundraising $32,264

  • 7 · Other salaries and wages

    total $3,334,402 · program services $2,500,802 · management and general $833,600

  • 8 · Pension plan contributions

    total $1,438,160 · program services $1,438,160

  • 9 · Other employee benefits

    total $480,315 · program services $480,315

  • 10 · Payroll taxes

    total $86,673 · program services $63,390 · management and general $22,476 · fundraising $807

  • 11a · Fees: management

    total $711,153 · management and general $711,153

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $30,168 · management and general $30,168

  • 11g · Fees: other

    total $358,199 · program services $293,897 · management and general $64,302

  • 12 · Advertising and promotion

    total $8,752 · management and general $8,752

  • 13 · Office expenses

    total $62,592 · management and general $62,592

  • 14 · Information technology

    total $151,234 · program services $151,234

  • 16 · Occupancy

    total $507,563 · program services $507,563

  • 17 · Travel

    total $3,587 · program services $3,587

  • 19 · Conferences, conventions and meetings

    total $26,463 · program services $26,463

  • 20 · Interest

    total $92,251 · program services $92,251

  • 22 · Depreciation, depletion and amortization

    total $743,365 · program services $73,854 · management and general $669,511

  • 23 · Insurance

    total $70,224 · program services $67,249 · management and general $2,975

  • 24a · Other expenses: CLASS MATERIALS

    total $328,300 · program services $328,300

  • 24b · Other expenses: FOOD SERVICES

    total $118,481 · program services $118,481

  • 24c · Other expenses: ATHLETICS

    total $34,100 · program services $34,100

  • 24d · Other expenses: UNIFORMS & CLOTHING EXP

    total $23,336 · program services $23,336

  • 24e · All other expenses

    total $25,527 · program services $2,291 · management and general $23,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $810,291 · end of year $2,372,130

  • 4 · Accounts receivable

    beginning of year $252,082 · end of year $118,292

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,270 · end of year $15,567

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

    $7,075,560

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

    $1,393,394

  • 10c · Land, buildings and equipment, net

    beginning of year $5,778,712 · end of year $5,682,166

  • 15 · Other assets

    beginning of year $709,100 · end of year $5,579,021

  • 17 · Accounts payable and accrued expenses

    beginning of year $159,525 · end of year $243,385

  • 23 · Secured mortgages and notes payable

    beginning of year $6,301,966 · end of year $5,934,141

  • 24 · Unsecured notes and loans payable

    beginning of year $90,376

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,446,796

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,536,842 · end of year $2,394,829

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$523,254 · end of year -$251,975

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO BE A NATIONALLY REGARDED K-12 CLASSICAL SCHOOL AND SERVE AS A LOCAL AND NATIONAL INCUBATOR FOR THE GROWTH AND PROMOTION OF CLASSICAL EDUCATION.

Activities or mission (Part I)

TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY.

  • THIS IS THE SECOND YEAR OF PUBLIC CHARTER SCHOOL OPERATIONS FOR K-12 STUDENTS. THE MISSION OF THE ACADEMY IS TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY. THE ACADEMY IS LOCATED IN KENNESAW, GEORGIA PROVIDING EDUCATION FOR OVER 500 STUDENTS.

    Expenses $6,237,538 · Revenue $201,535

As filed on the 2022 return.

Listed in Part VII

  • Matthew Reger

    PRINCIPAL

    Total calculated
    $129,864
    From this org
    $108,842
    From related orgs
    $0
    Other
    $21,022
    Hours/week
    40

  • Cat McAfee

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Greg Smith

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matt Altmix

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Doris Moss

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Leo Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
13 December 2023
IRS schema version
2022v5.0
Source object
202313479349301016

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