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Nonprofiteer
← ANNAPOLIS AREA CHRISTIAN SCHOOL ASSOCIATION INC

Form 990 for tax year 2023

Filed by ANNAPOLIS AREA CHRISTIAN SCHOOL ASSOCIATION INC.

Totals

Total revenue
$18,926,304
Total expenses
$19,246,184
Contributions and grants received
$475,538
Grants paid
$3,170,873
Program service revenue
$18,089,148
Investment income
$143,829
Other revenue
$217,789
Total assets, end of year
$27,415,089
Total liabilities, end of year
$23,043,638
Net assets or fund balances, end of year
$4,371,451
Program services expenses (Part IX)
$17,033,830
Management and general expenses
$1,930,563
Fundraising expenses
$281,791
Program service expenses (Part III)
$17,033,830

Program services were 88.5% 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

    $6,432

  • 1f · All other contributions, gifts and grants

    $469,106

  • 1g · Noncash contributions included above

    $12,699

  • 2a · Program service revenue: TUITION AND FEES

    total $17,755,749 · related or exempt $17,755,749

  • 2b · Program service revenue: STUDENT TRANSPORTATION FEES

    total $161,742 · related or exempt $161,742

  • 2c · Program service revenue: APPLICATION AND ENROLLMENT FEES

    total $99,400 · related or exempt $99,400

  • 2d · Program service revenue: LEARNING DISABILITY PROGRAM

    total $61,280 · related or exempt $61,280

  • 2e · Program service revenue: ATHLETIC AND OTHER FEES

    total $10,977 · related or exempt $10,977

  • 3 · Investment income

    total $143,829 · excluded $143,829

  • 6a · Gross rents

    real property $231,803

  • 6b · Less rental expenses

    real property $14,608

  • 6c · Rental income or loss

    real property $217,195

  • 6d · Net rental income or loss

    total $217,195 · excluded $217,195

  • 8a · Fundraising events: gross income

    $20,793

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

    $6,432

  • 8b · Fundraising events: direct expenses

    $20,199

  • 8c · Net income from fundraising events

    total $594 · excluded $594

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,170,873 · program services $3,170,873

  • 5 · Compensation of officers, directors and key employees

    total $489,668 · program services $162,958 · management and general $326,710

  • 7 · Other salaries and wages

    total $7,120,378 · program services $6,116,472 · management and general $816,234 · fundraising $187,672

  • 8 · Pension plan contributions

    total $62,637 · program services $52,317 · management and general $9,903 · fundraising $417

  • 9 · Other employee benefits

    total $1,125,385 · program services $963,491 · management and general $154,082 · fundraising $7,812

  • 10 · Payroll taxes

    total $567,588 · program services $470,712 · management and general $82,526 · fundraising $14,350

  • 11b · Fees: legal

    total $25,494 · management and general $25,494

  • 11c · Fees: accounting

    total $53,500 · management and general $53,500

  • 11g · Fees: other

    total $466,587 · program services $399,453 · management and general $66,798 · fundraising $336

  • 12 · Advertising and promotion

    total $180,109 · management and general $180,109

  • 13 · Office expenses

    total $97,418 · management and general $74,548 · fundraising $22,870

  • 16 · Occupancy

    total $1,212,116 · program services $1,202,936 · management and general $8,384 · fundraising $796

  • 17 · Travel

    total $162,666 · program services $136,159 · management and general $26,027 · fundraising $480

  • 20 · Interest

    total $1,121,534 · program services $1,109,077 · management and general $11,377 · fundraising $1,080

  • 22 · Depreciation, depletion and amortization

    total $1,057,090 · program services $1,045,782 · management and general $10,328 · fundraising $980

  • 23 · Insurance

    total $139,977 · program services $133,496 · management and general $5,612 · fundraising $869

  • 24a · Other expenses: PROGRAMS

    total $1,348,816 · program services $1,348,816 · management and general $0 · fundraising $0

  • 24b · Other expenses: MAINTENANCE

    total $391,960 · program services $388,952 · management and general $2,747 · fundraising $261

  • 24c · Other expenses: EDUCATION EXPENSES

    total $181,162 · program services $181,162 · management and general $0 · fundraising $0

  • 24d · Other expenses: EXPENDABLE EQUIPMENT AN

    total $105,147 · program services $103,469 · management and general $446 · fundraising $1,232

  • 24e · All other expenses

    total $166,079 · program services $47,705 · management and general $75,738 · fundraising $42,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,022,504 · end of year $2,198,406

  • 2 · Savings and temporary cash investments

    beginning of year $3,664,917 · end of year $3,790,629

  • 4 · Accounts receivable

    beginning of year $287,891 · end of year $139,457

  • 9 · Prepaid expenses and deferred charges

    beginning of year $218,573 · end of year $195,154

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

    $37,489,725

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

    $17,876,480

  • 10c · Land, buildings and equipment, net

    beginning of year $20,186,691 · end of year $19,613,245

  • 11 · Investments: publicly traded securities

    beginning of year $405,151 · end of year $451,891

  • 15 · Other assets

    beginning of year $1,426,470 · end of year $1,026,307

  • 17 · Accounts payable and accrued expenses

    beginning of year $864,923 · end of year $883,681

  • 19 · Deferred revenue

    beginning of year $4,591,905 · end of year $4,822,473

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,911,169 · end of year $14,594,227

  • 23 · Secured mortgages and notes payable

    beginning of year $1,734,982 · end of year $1,684,824

  • 25 · Other liabilities

    beginning of year $1,449,774 · end of year $1,058,433

  • 27 · Net assets without donor restrictions

    beginning of year $3,919,815 · end of year $3,792,199

  • 28 · Net assets with donor restrictions

    beginning of year $739,629 · end of year $579,252

Mission and programs · 2023

Mission

TO ENGAGE STUDENTS IN AN EDUCATION OF EXCELLENCE ENABLING THEM TO IMPACT THE WORLD THROUGH A GROWING RELATIONSHIP WITH JESUS CHRIST. OUR SCHOOL CONSISTS OF STUDENTS FROM PRE-KINDERGARTEN THROUGH GRADE TWELVE.

Activities or mission (Part I)

TO ENGAGE STUDENTS IN AN EDUCATION OF EXCELLENCE ENABLING THEM TO IMPACT THE WORLD THROUGH A GROWING RELATIONSHIP WITH JESUS CHRIST. OUR SCHOOL CONSISTS OF STUDENTS FROM KINDERGARTEN THROUGH GRADE TWELVE.

  • TO PROVIDE A QUALITY CHRISTIAN EDUCATION TO STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE.

    Expenses $16,470,352 · Grants $3,170,873 · Revenue $17,388,399

  • SUMMER PROGRAM - TEN WEEK PROGRAM OPEN TO ALL CHILDREN. AN INNOVATIVE AND COMPREHENSIVE PROGRAM DESIGNED TO GIVE CHILDREN VALUABLE GROWTH OPPORTUNITIES IN A FUN, WHOLESOME, AND CREATIVE ENVIRONMENT.

    Expenses $332,699 · Revenue $539,007

  • TRANSPORTATION SERVICES - TO PROVIDE TRANSPORTATION SERVICES FOR STUDENTS TO AND FROM SCHOOL AND SPORTING EVENTS.

    Expenses $230,779 · Revenue $161,742

As filed on the 2023 return.

Listed in Part VII

  • Michael Edmonds

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Charles Griffin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kevin Atkinson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Steven Boggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amy Cowart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kristin Demarco

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marc Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Bothmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dan Hendrix

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jina Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ron Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William Gibson Jr

    CHIEF OPERATIONS OFFICER

    Total calculated
    $163,752
    From this org
    $148,817
    From related orgs
    $0
    Other
    $14,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,817
    Bonus
    $0
    Other
    $0
    Deferred
    $3,045
    Nontaxable benefits
    $11,890
    Filer's total
    $163,752

  • Chad Dirkse

    HEAD OF SCHOOL

    Total calculated
    $170,219
    From this org
    $148,750
    From related orgs
    $0
    Other
    $21,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,469
    Filer's total
    $170,219

  • Rick Kempton

    FORMER SUPERINTENDENT

    Total calculated
    $155,696
    From this org
    $144,183
    From related orgs
    $0
    Other
    $11,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,183
    Bonus
    $0
    Other
    $0
    Deferred
    $2,884
    Nontaxable benefits
    $8,629
    Filer's total
    $155,696

  • Benjamin Peddicord

    MIDDLE SCHOOL PRINCIPAL

    Total calculated
    $126,751
    From this org
    $106,244
    From related orgs
    $0
    Other
    $20,507
    Hours/week
    40

  • Karl Graustein

    SLS PRINCIPAL

    Total calculated
    $121,661
    From this org
    $102,796
    From related orgs
    $0
    Other
    $18,865
    Hours/week
    40

  • David Intlekofer

    UPPER SCHOOL PRINCIPAL

    Total calculated
    $129,331
    From this org
    $107,335
    From related orgs
    $0
    Other
    $21,996
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

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
2023
Filed
12 March 2025
IRS schema version
2023v6.0
Source object
202540719349300449

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