Totals
- Total revenue
- $4,669,344
- Total expenses
- $5,456,187
- Contributions and grants received
- $2,157,355
- Grants paid
- $0
- Program service revenue
- $2,423,645
- Investment income
- $87,819
- Other revenue
- $525
- Total assets, end of year
- $76,445,340
- Total liabilities, end of year
- $24,724,268
- Net assets or fund balances, end of year
- $51,721,072
- Program services expenses (Part IX)
- $3,246,689
- Management and general expenses
- $2,122,279
- Fundraising expenses
- $87,219
- Program service expenses (Part III)
- $2,915,126
Program services were 59.5% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$2,157,355
-
1g · Noncash contributions included above
$3,162,372
-
2a · Program service revenue: Tuition and Fees
total $2,352,615 · related or exempt $2,352,615
-
2f · All other program service revenue
total $71,030 · related or exempt $67,368 · excluded $3,662
-
3 · Investment income
total $87,819 · excluded $87,819
-
6a · Gross rents
real property $525
-
6c · Rental income or loss
real property $525
-
6d · Net rental income or loss
total $525
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $211,120 · program services $29,048 · management and general $167,231 · fundraising $14,841
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $2,173,012 · program services $1,448,675 · management and general $696,903 · fundraising $27,434
-
8 · Pension plan contributions
total $52,579 · program services $35,053 · management and general $17,526
-
9 · Other employee benefits
total $250,892 · program services $167,261 · management and general $83,631
-
10 · Payroll taxes
total $172,428 · program services $114,952 · management and general $57,476
-
11b · Fees: legal
total $19,740 · management and general $19,740
-
11c · Fees: accounting
total $39,270 · management and general $39,270
-
12 · Advertising and promotion
total $58,751 · program services $13,807 · fundraising $44,944
-
13 · Office expenses
total $56,398 · program services $24,253 · management and general $32,145
-
14 · Information technology
total $40,171 · program services $18,077 · management and general $22,094
-
15 · Royalties
total $0 · program services $0 · management and general $0
-
16 · Occupancy
total $314,453 · program services $195,735 · management and general $118,718
-
20 · Interest
total $854,294 · program services $512,576 · management and general $341,718
-
22 · Depreciation, depletion and amortization
total $17,047 · management and general $17,047
-
23 · Insurance
total $48,965 · management and general $48,965
-
24a · Other expenses: Tuition Support40256
total $370,756 · program services $370,756
-
24b · Other expenses: Athletics
total $129,440 · program services $129,440
-
24c · Other expenses: Professional Development
total $71,075 · program services $71,075
-
24d · Other expenses: Curriculum
total $115,981 · program services $115,981
-
24e · All other expenses
total $459,815 · management and general $459,815
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $199 · end of year $52,820
-
2 · Savings and temporary cash investments
beginning of year $417,506 · end of year $4,030,194
-
3 · Pledges and grants receivable
beginning of year $29,599,633 · end of year $21,486,213
-
4 · Accounts receivable
beginning of year $0 · end of year $2,234,631
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $45,860 · end of year $11,431
-
10a · Land, buildings and equipment: cost or other basis
$485,248,249
-
10b · Land, buildings and equipment: accumulated depreciation
$17,047
-
10c · Land, buildings and equipment, net
beginning of year $32,959,824 · end of year $48,531,202
-
15 · Other assets
beginning of year $62,661 · end of year $98,849
-
17 · Accounts payable and accrued expenses
beginning of year $4,399,746 · end of year $141,176
-
19 · Deferred revenue
beginning of year $202,468 · end of year $2,576,934
-
22 · Loans and payables to officers and key people
beginning of year $505,000 · end of year $505,000
-
23 · Secured mortgages and notes payable
beginning of year $5,409,642 · end of year $21,501,158
-
25 · Other liabilities
beginning of year $60,913
-
27 · Net assets without donor restrictions
beginning of year -$534,711 · end of year -$786,844
-
28 · Net assets with donor restrictions
beginning of year $53,042,625 · end of year $52,507,915
Mission and programs · 2024
Mission
Capstone Classical Academy engages students to acquire wisdom, cultivate virtue, and pursue rigorous academic study with a Christian worldview. Our students will study what is Good, what is True, and what is Beautiful for the purposes of Glorifying God and benefiting their community.
Activities or mission (Part I)
To provide a classical and Christian education to students pre-K to twelth grade
-
The Capstone Classical Academy (Academy) enrolled 232 students in its academic programs.
Expenses $2,915,126 · Revenue $2,356,277
As filed on the 2024 return.
Listed in Part VII
-
Paul Fisher
Headmaster
- Total calculated
- $145,238
- From this org
- $145,238
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Charlie Cobb
Director of Finance
- Total calculated
- $34,525
- From this org
- $34,525
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Carrie Ehrmantruat
Director of Finance
- Total calculated
- $31,437
- From this org
- $31,437
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Terinne Berg
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Ronald Robson
President
- Total calculated
- $0
- Hours/week
- 6
-
Larry Nygard
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Luke Robson
Director
- Total calculated
- $0
- Hours/week
- 3
-
Rachelle Lee
Director
- 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.
Schedule J
Answered yes
None.
Answered no
None.
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
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202601359349313375
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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