Form 990 for tax year 2024
Filed by CLEAR LAKE CLASSICAL INCORPORATED.
Totals
- Total revenue
- $1,697,046
- Total expenses
- $1,607,251
- Contributions and grants received
- $273,981
- Grants paid
- $0
- Program service revenue
- $1,221,826
- Investment income
- $168,481
- Other revenue
- $32,758
- Total assets, end of year
- $2,576,735
- Total liabilities, end of year
- $985,647
- Net assets or fund balances, end of year
- $1,591,088
- Program services expenses (Part IX)
- $1,280,844
- Management and general expenses
- $326,407
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,280,844
Program services were 79.7% 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
$273,981
-
2a · Program service revenue: TUITION
total $1,139,468 · related or exempt $1,139,468
-
2b · Program service revenue: FEES
total $41,285 · related or exempt $41,285
-
2c · Program service revenue: BUSING INCOME
total $33,071 · related or exempt $33,071
-
2d · Program service revenue: FIELD TRIP
total $4,926 · related or exempt $4,926
-
2e · Program service revenue: BAND/MUSIC RECEIPTS
total $3,076 · related or exempt $3,076
-
3 · Investment income
total $15,894 · excluded $15,894
-
6a · Gross rents
real property $5,968
-
6c · Rental income or loss
real property $5,968
-
6d · Net rental income or loss
total $5,968 · excluded $5,968
-
7a · Gross sales of assets other than inventory
other assets $350,000
-
7b · Less cost or other basis and sales expenses
other assets $197,413
-
7c · Gain or loss
other assets $152,587
-
7d · Net gain or loss
total $152,587 · excluded $152,587
-
11a · Other revenue: MISCELLANEOUS INCOME
total $26,790 · related or exempt $26,790
-
11e · Other revenue, total
$26,790
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $930,551 · program services $744,441 · management and general $186,110
-
9 · Other employee benefits
total $26,259 · program services $21,007 · management and general $5,252
-
10 · Payroll taxes
total $71,187 · program services $56,950 · management and general $14,237
-
11b · Fees: legal
total $10,305 · management and general $10,305
-
11g · Fees: other
total $10,964 · management and general $10,964
-
12 · Advertising and promotion
total $1,223 · management and general $1,223
-
13 · Office expenses
total $15,464 · program services $12,162 · management and general $3,302
-
16 · Occupancy
total $93,880 · program services $75,104 · management and general $18,776
-
20 · Interest
total $73,523 · management and general $73,523
-
22 · Depreciation, depletion and amortization
total $83,800 · program services $83,800
-
23 · Insurance
total $29,995 · program services $28,718 · management and general $1,277
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $101,028 · program services $101,028
-
24b · Other expenses: BOOKS
total $31,846 · program services $31,846
-
24c · Other expenses: ATHLETIC EXPENSES
total $15,177 · program services $15,177
-
24d · Other expenses: TEACHER TRAINING
total $13,861 · program services $13,861
-
24e · All other expenses
total $98,188 · program services $96,750 · management and general $1,438
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $600,788 · end of year $400,378
-
10a · Land, buildings and equipment: cost or other basis
$2,332,373
-
10b · Land, buildings and equipment: accumulated depreciation
$156,016
-
10c · Land, buildings and equipment, net
beginning of year $2,102,958 · end of year $2,176,357
-
23 · Secured mortgages and notes payable
beginning of year $1,200,000 · end of year $975,000
-
25 · Other liabilities
beginning of year $2,453 · end of year $10,647
-
27 · Net assets without donor restrictions
beginning of year $957,446 · end of year $1,583,801
-
28 · Net assets with donor restrictions
beginning of year $543,847 · end of year $7,287
Mission and programs · 2024
Mission
CLEAR LAKE CLASSICAL IS A PRIVATE SCHOOL COMMITTED TO PROVIDING A CLASSICAL AND BIBLICALLY-BASED EDUCATION TO YOUNG PEOPLE IN PRIMARY AND SECONDARY GRADE LEVELS.
-
TO EDUCATE STUDENTS WITH AN EMPHASIS ON GRAMMAR, LOGIC AND RHETORIC IN ALL SUBJECTS.
Expenses $1,280,844 · Revenue $1,221,826
As filed on the 2024 return.
Listed in Part VII
-
Brian LundBRIAN LUND
BOARD MEMBER
- Total calculated
- $15,250
- From this org
- $15,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Dr Renee DiamondDR RENEE DIAMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Cory J GerdtsCORY J GERDTS
ADMIN DIRECT
- Total calculated
- $0
- Hours/week
- 3
-
Andrea JohnsonANDREA JOHNSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Greg NicholasGREG NICHOLAS
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Alex OlsonALEX OLSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Andrew StupkaANDREW STUPKA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
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
- 30 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202610379349301031
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.