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Nonprofiteer
← BINGHAMPTON CHRISTIAN ACADEMY

Form 990 for tax year 2023

Filed by BINGHAMPTON CHRISTIAN ACADEMY.

Totals

Total revenue
$2,567,131
Total expenses
$1,530,742
Contributions and grants received
$1,673,193
Grants paid
$0
Program service revenue
$16,110
Investment income
$857,806
Other revenue
$20,022
Total assets, end of year
$4,785,574
Total liabilities, end of year
$4,994
Net assets or fund balances, end of year
$4,780,580
Program services expenses (Part IX)
$967,587
Management and general expenses
$558,778
Fundraising expenses
$4,377
Program service expenses (Part III)
$967,587

Program services were 63.2% 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)

    $157,717

  • 1f · All other contributions, gifts and grants

    $1,515,476

  • 2a · Program service revenue: Tuition

    total $16,110 · related or exempt $16,110

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $658,250 · excluded $658,250

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $398,363

  • 7b · Less cost or other basis and sales expenses

    securities $198,807

  • 7c · Gain or loss

    securities $199,556 · other assets $0

  • 7d · Net gain or loss

    total $199,556 · excluded $199,556

  • 8a · Fundraising events: gross income

    $1,865

  • 8c · Net income from fundraising events

    total $1,865 · excluded $1,865

  • 11a · Other revenue: Miscellaneous Revenue

    total $18,157 · related or exempt $18,157

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $18,157

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $73,500 · program services $36,750 · management and general $36,750

  • 7 · Other salaries and wages

    total $684,877 · program services $468,155 · management and general $216,722

  • 10 · Payroll taxes

    total $59,645 · program services $40,564 · management and general $19,081

  • 11c · Fees: accounting

    total $21,447 · management and general $21,447

  • 11g · Fees: other

    total $59,370 · program services $0 · management and general $59,370 · fundraising $0

  • 12 · Advertising and promotion

    total $2,113 · fundraising $2,113

  • 13 · Office expenses

    total $106,794 · program services $39,851 · management and general $66,000 · fundraising $943

  • 14 · Information technology

    total $4,582 · program services $3,261 · fundraising $1,321

  • 16 · Occupancy

    total $67,805 · program services $32,074 · management and general $35,731

  • 19 · Conferences, conventions and meetings

    total $2,801 · management and general $2,801

  • 22 · Depreciation, depletion and amortization

    total $59,323 · program services $38,992 · management and general $20,331

  • 23 · Insurance

    total $113,582 · program services $54,063 · management and general $59,519

  • 24a · Other expenses: Instructional Program Expenses

    total $93,825 · program services $93,825

  • 24b · Other expenses: Food Program Expenses

    total $150,514 · program services $150,514

  • 24c · Other expenses: Residential Care

    total $9,538 · program services $9,538

  • 24d · Other expenses: Other Program Expenses and Transportation

    total $19,110 · management and general $19,110

  • 24e · All other expenses

    total $1,916 · program services $0 · management and general $1,916 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $633,369 · end of year $808,892

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $2,321,687

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

    $1,223,753

  • 10c · Land, buildings and equipment, net

    beginning of year $1,067,772 · end of year $1,097,934

  • 12 · Investments: other securities

    beginning of year $2,638,154 · end of year $2,878,748

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,429 · end of year $4,994

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,342,626 · end of year $1,521,209

  • 28 · Net assets with donor restrictions

    beginning of year $2,994,240 · end of year $3,259,371

Mission and programs · 2023

Mission

Binghampton Christian Academy is a private, Christian day and boarding school that serves the Binghampton community. Our mission is to develop students who honor and glorify God, promote spiritual and academic excellence, and encourage them to become productive, Godly leaders.

  • Binghampton Christian Academy (BCA) is a private, Christian school educating 135 students in Pre-K through 8th grade and offers after school enrichment, summer enrichment, and a novel residential program. For 31 years, BCA has been committed to serving the highest need children in the Binghampton community located in Memphis, Tennessee. Nighty-eight percent of our students live at or below the poverty level and the majority enter the school far behind grade level while facing many emotional and developmental challenges. Additionally, more than 50% of our students speak English as a second language. Any one of these obstacles alone could be a driving force for a young person to become a negative statistic for incarceration, teen pregnancy, school drop-outs, drinking/drug use, and truancy that is prevalent in this community. Yet because of charitable partners that support us, we are able to keep the unique needs of our students in mind and work relentlessly to prepare them for high school while addressing their emotional and social needs, promoting good citizenship, and encouraging strong work ethics through individualized curriculum and one-on-one mentor relationships. As a result of these efforts, since 2010 we have more than 92 percent high school graduation rate from our former students. There have been nearly zero instances of involvement with the criminal justice system and more than 50% of our former students have gone on to enter college. Our leadership and dedicated staff and volunteers are driven by the philosophy that the early intervention and support students receive while at BCA is responsible for laying a foundation of success as they move forward in their educational pursuits. We believe BCA and specifically our Residential Program is a critical component that helps the at-risk children we serve receive the proper care and nurturing that is necessary to grow into productive, independent members of our community.

    Expenses $633,079 · Revenue $34,267

  • RESIDENTIAL CARE FACILITIES ARE PROVIDED FOR STUDENTS IN NEED OF SAFE DWELLING FACILITIES.

    Expenses $183,994

  • STATE FUNDED FOOD PROGRAM IS USED TO PROVIDE BREAKFAST, LUNCH AND AFTER SCHOOL SNACKS TO CHILDREN ATTENDING THE SCHOOL.

    Expenses $150,514

As filed on the 2023 return.

Listed in Part VII

  • Alonzo Brown

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Dr Murphysteen Counts

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Elizabeth Holmes

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Helen Norman

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Katie Dickinson

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Mary Dicken

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Mary Forsdick

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Matthew Watkins

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Pamela Hill

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Paxton Ivy

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Marquita Carter

    School Principal

    Total calculated
    $79,693
    From this org
    $73,500
    From related orgs
    $0
    Other
    $6,193
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521329349303507

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