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Nonprofiteer
← CHRISTIAN ACADEMY OF LOUISVILLE FOUNDATION INC

Form 990 for tax year 2022

Filed by CHRISTIAN ACADEMY OF LOUISVILLE FOUNDATION INC.

Totals

Total revenue
$1,014,169
Total expenses
$1,054,960
Contributions and grants received
$835,103
Grants paid
$975,620
Program service revenue
$0
Investment income
$51,488
Other revenue
$127,578
Total assets, end of year
$3,213,398
Total liabilities, end of year
$317,192
Net assets or fund balances, end of year
$2,896,206
Program services expenses (Part IX)
$1,036,728
Management and general expenses
$18,232
Fundraising expenses
$0
Program service expenses (Part III)
$1,036,728

Program services were 98.3% 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

    $19,520

  • 1f · All other contributions, gifts and grants

    $815,583

  • 1g · Noncash contributions included above

    $44,366

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $51,488 · excluded $51,488

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $216,524

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

    $19,520

  • 8b · Fundraising events: direct expenses

    $88,946

  • 8c · Net income from fundraising events

    total $127,578 · excluded $127,578

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $975,620 · program services $975,620

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $15,495 · management and general $15,495

  • 24a · Other expenses: School operations

    total $61,108 · program services $61,108

  • 24e · All other expenses

    total $237 · program services $0 · management and general $237 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,971 · end of year $253,126

  • 2 · Savings and temporary cash investments

    beginning of year $1,189,822 · end of year $1,219,034

  • 3 · Pledges and grants receivable

    beginning of year $56,736 · end of year $30,349

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,289 · end of year $53,076

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

    $6,500

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $6,500 · end of year $6,500

  • 11 · Investments: publicly traded securities

    beginning of year $1,485,745 · end of year $1,651,313

  • 12 · Investments: other securities

    beginning of year $0

  • 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 $8,884 · end of year $317,192

  • 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 $1,710,861 · end of year $1,548,696

  • 28 · Net assets with donor restrictions

    beginning of year $1,106,318 · end of year $1,347,510

Mission and programs · 2022

Mission

To enhance and support the mission of the Christian Academy of Louisville, Inc. school system.

  • The Foundation supports the Christian Academy of Louisville, Inc. school system by soliciting contributions and raising funds for various projects and capital expenditures at the discretion of the board of directors.

    Expenses $1,036,728 · Grants $975,620

As filed on the 2022 return.

Listed in Part VII

  • Darin Long

    Superintendent

    Total calculated
    $154,282
    From this org
    $0
    From related orgs
    $132,388
    Other
    $21,894
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,388 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,800 related
    Nontaxable benefits
    $0 + $19,094 related
    Filer's total
    $0 + $154,282 related

  • Jeff Mallory

    Treasurer

    Total calculated
    $146,565
    From this org
    $0
    From related orgs
    $130,000
    Other
    $16,565
    Hours/week
    5 + 40 related

  • Matt Chalfant

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robyn Raque

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Scott Watkins

    Director

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Stan Franczek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tony Young

    Director

    Total calculated
    $0
    Hours/week
    2

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

None.

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

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
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202430329349300928

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