Totals
- Total revenue
- $16,947,946
- Total expenses
- $3,035,683
- Contributions and grants received
- $15,451,858
- Grants paid
- $0
- Program service revenue
- $1,485,870
- Investment income
- $10,218
- Other revenue
- $0
- Total assets, end of year
- $63,085,484
- Total liabilities, end of year
- $10,577,769
- Net assets or fund balances, end of year
- $52,507,715
- Program services expenses (Part IX)
- $1,710,830
- Management and general expenses
- $1,161,970
- Fundraising expenses
- $162,883
- Program service expenses (Part III)
- $1,710,830
Program services were 56.4% 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
$15,451,858
-
1g · Noncash contributions included above
$60,402
-
2a · Program service revenue: Tuition and Fees
total $1,484,166 · related or exempt $1,484,166
-
2f · All other program service revenue
total $1,704 · related or exempt $1,704
-
3 · Investment income
total $10,218 · excluded $10,218
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $220,012 · program services $29,000 · management and general $174,135 · fundraising $16,877
-
7 · Other salaries and wages
total $1,429,817 · program services $947,712 · management and general $482,105
-
8 · Pension plan contributions
total $22,903 · program services $13,699 · management and general $9,204
-
9 · Other employee benefits
total $149,962 · program services $89,705 · management and general $60,257
-
10 · Payroll taxes
total $116,073 · program services $68,784 · management and general $46,215 · fundraising $1,074
-
11b · Fees: legal
total $12,007 · management and general $12,007
-
11c · Fees: accounting
total $32,893 · management and general $32,893
-
11e · Fees: professional fundraising services
total $59,945 · fundraising $59,945
-
11g · Fees: other
total $12,594 · program services $7,584 · management and general $5,010
-
12 · Advertising and promotion
total $97,097 · program services $22,825 · fundraising $74,272
-
13 · Office expenses
total $54,933 · program services $24,853 · management and general $30,080
-
14 · Information technology
total $28,356 · program services $12,735 · management and general $15,603 · fundraising $18
-
16 · Occupancy
total $170,950 · program services $106,410 · management and general $64,540
-
17 · Travel
total $904 · management and general $904
-
20 · Interest
total $956 · program services $567 · management and general $381 · fundraising $8
-
22 · Depreciation, depletion and amortization
total $362,673 · program services $214,917 · management and general $144,398 · fundraising $3,358
-
23 · Insurance
total $18,945 · management and general $18,945
-
24a · Other expenses: Curriculum
total $50,969 · program services $50,969
-
24b · Other expenses: Athletics
total $50,381 · program services $50,381
-
24c · Other expenses: Professional Developmen
total $47,702 · program services $27,702 · management and general $19,567 · fundraising $433
-
24d · Other expenses: Lunch Program
total $42,724 · program services $42,724
-
24e · All other expenses
total $52,887 · program services $263 · management and general $45,726 · fundraising $6,898
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,266,015 · end of year $417,506
-
3 · Pledges and grants receivable
beginning of year $25,898,469 · end of year $29,599,633
-
4 · Accounts receivable
beginning of year $7,514
-
9 · Prepaid expenses and deferred charges
beginning of year $27,224 · end of year $45,860
-
10a · Land, buildings and equipment: cost or other basis
$33,643,581
-
10b · Land, buildings and equipment: accumulated depreciation
$683,757
-
10c · Land, buildings and equipment, net
beginning of year $11,225,465 · end of year $32,959,824
-
15 · Other assets
beginning of year $130,571 · end of year $62,661
-
17 · Accounts payable and accrued expenses
beginning of year $127,075 · end of year $4,399,746
-
19 · Deferred revenue
beginning of year $198,808 · end of year $202,468
-
22 · Loans and payables to officers and key people
end of year $505,000
-
23 · Secured mortgages and notes payable
beginning of year $505,000 · end of year $5,409,642
-
25 · Other liabilities
beginning of year $128,923 · end of year $60,913
-
27 · Net assets without donor restrictions
beginning of year $768,758 · end of year -$534,711
-
28 · Net assets with donor restrictions
beginning of year $37,826,694 · end of year $53,042,426
Mission and programs · 2023
Mission
Capstone Classical Academy engages students to acquire wisdom, cultivate virtue, and pursue rigorous academic study within a Christian worldview. Our students will study what is Good, what is True, and what is Beautiful for the purpose of glorifying God and benefiting their community.
Activities or mission (Part I)
To provide a classical and Christian education to students pre-K through twelfth grade.
-
The Capstone Classical Academy (Academy) enrolled 167 students in its academic programs, on two campuses.
Expenses $1,710,830 · Revenue $1,485,870
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ronald Robson
President
- Total calculated
- $0
- Hours/week
- 6
-
Terinne Berg
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Larry Nygard
Treasurer
- Total calculated
- $0
- Hours/week
- 6
-
Luke Robson
Director
- Total calculated
- $0
- Hours/week
- 3
-
Rachelle Lee
Director
- Total calculated
- $0
- Hours/week
- 3
-
Charles Cobb
Director of Finance
- Total calculated
- $75,000
- From this org
- $75,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Paul Fisher
Headmaster
- Total calculated
- $152,455
- From this org
- $145,000
- From related orgs
- $0
- Other
- $7,455
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,000
- Bonus
- $0
- Other
- $0
- Deferred
- $4,355
- Nontaxable benefits
- $3,100
- Filer's total
- $152,455
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521349349303317
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