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Nonprofiteer
← LOGOS ACADEMY

Form 990 for tax year 2023

Filed by LOGOS ACADEMY.

Totals

Total revenue
$4,147,862
Total expenses
$4,827,505
Contributions and grants received
$2,919,903
Grants paid
$26,304
Program service revenue
$624,023
Investment income
$134,884
Other revenue
$469,052
Total assets, end of year
$20,702,167
Total liabilities, end of year
$12,602,359
Net assets or fund balances, end of year
$8,099,808
Program services expenses (Part IX)
$3,446,604
Management and general expenses
$693,714
Fundraising expenses
$687,187
Program service expenses (Part III)
$3,446,604

Program services were 71.4% 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

    $2,919,903

  • 1g · Noncash contributions included above

    $100,557

  • 2a · Program service revenue: TUITION AND FEES

    total $435,899 · related or exempt $435,899

  • 2b · Program service revenue: LUNCH PROGRAM

    total $188,124 · related or exempt $188,124

  • 3 · Investment income

    total $135,058 · excluded $135,058

  • 6a · Gross rents

    real property $30,270

  • 6c · Rental income or loss

    real property $30,270

  • 6d · Net rental income or loss

    total $30,270 · related or exempt $30,270

  • 7a · Gross sales of assets other than inventory

    securities $396,372

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

    securities $396,546

  • 7c · Gain or loss

    securities -$174

  • 7d · Net gain or loss

    total -$174 · related or exempt -$174

  • 11a · Other revenue: REIMBURSEMENTS FROM AFFILIATE

    total $434,891 · related or exempt $434,891

  • 11b · Other revenue: OTHER REVENUE

    total $3,891 · related or exempt $3,891

  • 11e · Other revenue, total

    $438,782

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,304 · program services $26,304

  • 5 · Compensation of officers, directors and key employees

    total $320,868 · program services $214,189 · management and general $61,897 · fundraising $44,782

  • 7 · Other salaries and wages

    total $2,204,066 · program services $1,398,313 · management and general $432,795 · fundraising $372,958

  • 8 · Pension plan contributions

    total $43,567 · program services $25,865 · management and general $10,484 · fundraising $7,218

  • 9 · Other employee benefits

    total $86,017 · program services $62,533 · management and general $15,887 · fundraising $7,597

  • 10 · Payroll taxes

    total $170,561 · program services $113,534 · management and general $31,794 · fundraising $25,233

  • 11b · Fees: legal

    total $3,038 · program services $879 · management and general $2,046 · fundraising $113

  • 11c · Fees: accounting

    total $16,183 · program services $4,681 · management and general $10,900 · fundraising $602

  • 11e · Fees: professional fundraising services

    total $97,500 · fundraising $97,500

  • 11f · Fees: investment management

    total $9,101 · management and general $9,101

  • 11g · Fees: other

    total $6,474 · program services $1,873 · management and general $4,360 · fundraising $241

  • 12 · Advertising and promotion

    total $14,391 · fundraising $14,391

  • 13 · Office expenses

    total $168,809 · program services $155,310 · management and general $4,616 · fundraising $8,883

  • 14 · Information technology

    total $48,748 · program services $42,847 · management and general $501 · fundraising $5,400

  • 16 · Occupancy

    total $643,261 · program services $553,205 · management and general $51,461 · fundraising $38,595

  • 17 · Travel

    total $19,071 · program services $19,071

  • 20 · Interest

    total $385,345 · program services $331,397 · management and general $30,828 · fundraising $23,120

  • 21 · Payments to affiliates

    total $140,173 · program services $140,173

  • 22 · Depreciation, depletion and amortization

    total $184,236 · program services $158,443 · management and general $14,739 · fundraising $11,054

  • 23 · Insurance

    total $62,265 · program services $51,216 · management and general $6,198 · fundraising $4,851

  • 24a · Other expenses: CAFETERIA

    total $111,549 · program services $111,549

  • 24b · Other expenses: ADVANCEMENT EXPENSES

    total $20,260 · fundraising $20,260

  • 24c · Other expenses: MISCELLANEOUS

    total $17,119 · program services $14,144 · management and general $2,975

  • 24d · Other expenses: STUDENT SRVCS & RECRUIT

    total $12,165 · program services $12,165

  • 24e · All other expenses

    total $16,434 · program services $8,913 · management and general $3,132 · fundraising $4,389

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $410,171 · end of year $498,102

  • 3 · Pledges and grants receivable

    beginning of year $447,495 · end of year $51,728

  • 4 · Accounts receivable

    beginning of year $110,066 · end of year $39,337

  • 7 · Other notes and loans receivable

    beginning of year $6,567,300 · end of year $6,567,300

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

    $7,791,906

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

    $2,577,207

  • 10c · Land, buildings and equipment, net

    beginning of year $5,398,934 · end of year $5,214,699

  • 15 · Other assets

    beginning of year $10,437,599 · end of year $8,331,001

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,552 · end of year $155,709

  • 19 · Deferred revenue

    beginning of year $38,341 · end of year $16,207

  • 25 · Other liabilities

    beginning of year $12,838,409 · end of year $12,430,443

  • 27 · Net assets without donor restrictions

    beginning of year $5,756,246 · end of year $5,733,445

  • 28 · Net assets with donor restrictions

    beginning of year $4,602,017 · end of year $2,366,363

Mission and programs · 2023

Mission

LOGOS ACADEMY, GROUNDED IN THE LOVE OF CHRIST, EDUCATES FOR EXCELLENCE, OFFERS OPPORTUNITY AND CULTIVATES HOPE IN OUR COMMUNITY. LOGOS ACADEMY'S GOSPEL-CENTERED, CLASSICAL EDUCATION WILL EMPOWER OUR STUDENTS TO BE TOMORROW'S SERVANT LEADERS. LOGOS PROMOTES THE SPIRITUAL, INTELLECTUAL, SOCIAL AND PHYSICAL TRANSFORMATION OF STUDENTS FOR PERSONAL EXCELLENCE TO THE GLORY OF GOD.

  • THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO WORK TO ALLEVIATE POVERTY BY PROVIDING AN EXCELLENT CHRIST-CENTERED EDUCATION THAT HELPS STUDENTS ACHIEVE THEIR FULL POTENTIAL. APPROXIMATELY 2/3 OF THE STUDENT BODY LIVES IN OR NEAR FEDERAL POVERTY AND OUR GRADUATES WHO ARE LOW-INCOME FIRST GENERATION COLLEGE STUDENTS SUCCEED AT 6-7 TIMES THE NATIONAL AVERAGE.

    Expenses $3,446,604 · Grants $26,304 · Revenue $624,023

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Natalee Gunderson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brooke Say

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kervin Myer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Todd Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Jennifer Fisler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Traci Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eve Gardner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pastor Carlos Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellie Lamison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Connie Rae

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Aaron Anderson

    CEO/HEAD OF

    Total calculated
    $220,695
    From this org
    $117,672
    From related orgs
    $0
    Other
    $103,023
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $117,672
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,594
    Nontaxable benefits
    $83,429
    Filer's total
    $220,695

  • Otto Monroy

    COO

    Total calculated
    $179,823
    From this org
    $133,899
    From related orgs
    $0
    Other
    $45,924
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $133,899
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,282
    Nontaxable benefits
    $37,642
    Filer's total
    $179,823

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
2023
Filed
23 April 2025
IRS schema version
2023v6.0
Source object
202521159349301012

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