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Nonprofiteer
← KOINONIA ACADEMY

Form 990 for tax year 2023

Filed by KOINONIA ACADEMY.

Totals

Total revenue
$2,219,101
Total expenses
$2,243,609
Contributions and grants received
$753,689
Grants paid
$0
Program service revenue
$1,385,861
Investment income
$16,052
Other revenue
$63,499
Total assets, end of year
$5,974,257
Total liabilities, end of year
$465,367
Net assets or fund balances, end of year
$5,508,890
Program services expenses (Part IX)
$1,879,465
Management and general expenses
$350,426
Fundraising expenses
$13,718
Program service expenses (Part III)
$1,879,465

Program services were 83.8% 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

    $69,778

  • 1f · All other contributions, gifts and grants

    $683,911

  • 2a · Program service revenue: TUITION & ACADEMICS

    total $1,266,697 · related or exempt $1,266,697

  • 2b · Program service revenue: MUSIC & DRAMA

    total $68,062 · related or exempt $68,062

  • 2c · Program service revenue: SPORTS

    total $35,796 · related or exempt $35,796

  • 2d · Program service revenue: SCHOOL SERVICES

    total $15,306 · related or exempt $15,306

  • 3 · Investment income

    total $16,052 · excluded $16,052

  • 8a · Fundraising events: gross income

    $139,926

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

    $69,778

  • 8b · Fundraising events: direct expenses

    $76,427

  • 8c · Net income from fundraising events

    total $63,499

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,198,473 · program services $947,992 · management and general $250,481

  • 9 · Other employee benefits

    total $71,515 · program services $56,568 · management and general $14,947

  • 10 · Payroll taxes

    total $102,740 · program services $81,267 · management and general $21,473

  • 11c · Fees: accounting

    total $8,925 · management and general $8,925

  • 13 · Office expenses

    total $101,819 · program services $81,455 · management and general $20,364

  • 16 · Occupancy

    total $263,513 · program services $258,243 · management and general $5,270

  • 20 · Interest

    total $18,860 · management and general $18,860

  • 22 · Depreciation, depletion and amortization

    total $138,696 · program services $138,152 · management and general $544

  • 23 · Insurance

    total $57,312 · program services $47,750 · management and general $9,562

  • 24a · Other expenses: ACADEMICS

    total $121,939 · program services $121,939

  • 24b · Other expenses: MUSIC & DRAMA

    total $68,232 · program services $68,232

  • 24c · Other expenses: OUTSIDE SERVICES

    total $32,570 · program services $32,570

  • 24d · Other expenses: SPORTS PROGRAMS

    total $32,315 · program services $32,315

  • 24e · All other expenses

    total $26,700 · program services $12,982 · fundraising $13,718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $818,625 · end of year $275,579

  • 2 · Savings and temporary cash investments

    beginning of year $550,181 · end of year $1,040,525

  • 4 · Accounts receivable

    beginning of year $3,370 · end of year $12,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,701 · end of year $1,527

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

    $5,863,628

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

    $1,220,054

  • 10c · Land, buildings and equipment, net

    beginning of year $2,575,990 · end of year $4,643,574

  • 15 · Other assets

    beginning of year $2,064,242 · end of year $100

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,266 · end of year $22,882

  • 19 · Deferred revenue

    beginning of year $145,085 · end of year $110,479

  • 23 · Secured mortgages and notes payable

    beginning of year $345,862 · end of year $326,915

  • 25 · Other liabilities

    beginning of year $3,498 · end of year $5,091

  • 27 · Net assets without donor restrictions

    beginning of year $5,533,398 · end of year $5,468,847

  • 28 · Net assets with donor restrictions

    end of year $40,043

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

KOINONIA ACADEMY, FOUNDED IN 1984, IS A PRE K-12 PRIVATE CATHOLIC SCHOOL PROCLAIMING THAT JESUS IS LORD AND FOSTERING A SPIRITUAL AND ACADEMIC ENVIRONMENT DEDICATED TO TRAINING CHILDREN TO KNOW, LOVE AND SERVE THE LORD. THE PHILOSOPHY OF KOINONIA ACADEMY IS ROOTED IN THE GOSPEL OF JESUS CHRIST AND THE PRINCIPLES OF THE ROMAN CATHOLIC CHURCH. KOINONIA ACADEMY IS COMMITTED TO PROVIDING AN EDUCATIONAL ENVIRONMENT THAT SUPPORTS CHRISTIAN VALUES TAUGHT BY PARENTS, ASSISTS PARENTS IN FORMING CHILDREN INTO MATURE CHRSITIANS, HELPS STUDENTS GROW IN A PERSONAL RELATIONSHIP WITH JESUS CHRIST, TEACHES STUDENTS HOW TO LOVE GOD AND ONE ANOTHER, TO LOVE AND SERVE THE CHURCH AND HELPS THEM ASSUME PERSONAL RESPONSIBILITY FOR THE CONSEQUENCES OF THEIR ACTIONS. KOINONIA DOES THIS THROUGH A BALANCED PROGRAM OF PRAYER, ACADEMIC STUDY, THE ARTS, SPORTS, SCHOOL SPECIAL EVENTS AND SERVICE.

  • THE KOINONIA ACADEMY PROVIDES SCHOOLING TO APPROXIMATELY 300 STUDENTS, RANGING FROM PRE-K THROUGH GRADE 12. KOINONIA'S STUDENTS RECEIVE A BALANCED PROGRAM OF PRAYER, ACADEMIC STUDY, THE ARTS, SPORTS, SCHOOL SPECIAL EVENTS AND SERVICE.

    Expenses $1,879,465

As filed on the 2023 return.

Listed in Part VII

  • Michael Temple

    PRESIDENT

    Total calculated
    $0

  • Phil Tomasello

    VICE PRESIDE

    Total calculated
    $0

  • Valerie Torkelson

    TRUSTEE

    Total calculated
    $0

  • Peter Moccia

    TRUSTEE

    Total calculated
    $0

  • Lisa Clemente

    TRUSTEE

    Total calculated
    $0

  • Miriam Siverio

    TRUSTEE

    Total calculated
    $0

  • Matthew Clemente

    TRUSTEE

    Total calculated
    $0

  • Chris Connant

    TRUSTEE

    Total calculated
    $0

  • Edward Greey

    BUILDINGS &

    Total calculated
    $0

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.

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.

  • PEOPLE OF HOPE

    501C3 · COMMUNITY · NJ

    Directly controlled by PEOPLE OF PEOPLE OF HOPE

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349306382

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