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Nonprofiteer
← CALDWELL ACADEMY

Form 990 for tax year 2023

Filed by CALDWELL ACADEMY.

Totals

Total revenue
$14,227,405
Total expenses
$9,871,121
Contributions and grants received
$5,777,412
Grants paid
$1,119,142
Program service revenue
$8,263,206
Investment income
$177,636
Other revenue
$9,151
Total assets, end of year
$25,258,724
Total liabilities, end of year
$10,394,705
Net assets or fund balances, end of year
$14,864,019
Program services expenses (Part IX)
$8,759,668
Management and general expenses
$859,929
Fundraising expenses
$251,524
Program service expenses (Part III)
$8,759,668

Program services were 88.7% 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

    $5,777,412

  • 2a · Program service revenue: STUDENT TUITION NET DISCOUNT/FIN

    total $6,909,930 · related or exempt $6,909,930

  • 2b · Program service revenue: ADD DISCOUNT FIN ADD DEDUCTED PAR

    total $1,127,369 · related or exempt $1,127,369

  • 2c · Program service revenue: OTHER OPERATING REVENUE

    total $225,907 · related or exempt $225,907

  • 3 · Investment income

    total $177,636 · excluded $177,636

  • 6a · Gross rents

    real property $16,355

  • 6b · Less rental expenses

    real property $7,204

  • 6c · Rental income or loss

    real property $9,151

  • 6d · Net rental income or loss

    total $9,151 · excluded $9,151

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,119,142 · program services $1,119,142

  • 5 · Compensation of officers, directors and key employees

    total $291,157 · program services $106,084 · management and general $140,680 · fundraising $44,393

  • 7 · Other salaries and wages

    total $4,528,657 · program services $4,072,630 · management and general $352,295 · fundraising $103,732

  • 8 · Pension plan contributions

    total $66,819 · program services $63,993 · management and general $2,465 · fundraising $361

  • 9 · Other employee benefits

    total $508,809 · program services $451,326 · management and general $44,105 · fundraising $13,378

  • 10 · Payroll taxes

    total $341,306 · program services $296,936 · management and general $34,131 · fundraising $10,239

  • 11c · Fees: accounting

    total $21,523 · management and general $21,523

  • 12 · Advertising and promotion

    total $20,390 · program services $17,739 · management and general $2,039 · fundraising $612

  • 13 · Office expenses

    total $4,920 · program services $4,280 · management and general $492 · fundraising $148

  • 14 · Information technology

    total $134,341 · program services $116,877 · management and general $13,434 · fundraising $4,030

  • 16 · Occupancy

    total $265,472 · program services $230,961 · management and general $26,547 · fundraising $7,964

  • 17 · Travel

    total $4,949 · program services $4,306 · management and general $495 · fundraising $148

  • 20 · Interest

    total $334,747 · program services $291,230 · management and general $33,475 · fundraising $10,042

  • 22 · Depreciation, depletion and amortization

    total $767,042 · program services $667,327 · management and general $76,704 · fundraising $23,011

  • 23 · Insurance

    total $87,396 · program services $76,034 · management and general $8,740 · fundraising $2,622

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $216,841 · program services $188,652 · management and general $21,684 · fundraising $6,505

  • 24b · Other expenses: BUILDING GROUNDS MISC

    total $206,926 · program services $180,025 · management and general $20,693 · fundraising $6,208

  • 24c · Other expenses: HOT LUNCH EXP

    total $199,737 · program services $173,771 · management and general $19,974 · fundraising $5,992

  • 24d · Other expenses: CLEANING AND JANITORIAL

    total $187,684 · program services $163,286 · management and general $18,767 · fundraising $5,631

  • 24e · All other expenses

    total $563,263 · program services $535,069 · management and general $21,686 · fundraising $6,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $311,740 · end of year $404

  • 2 · Savings and temporary cash investments

    beginning of year $1,718,451 · end of year $6,066,982

  • 3 · Pledges and grants receivable

    beginning of year $14,579 · end of year $372,886

  • 4 · Accounts receivable

    beginning of year $279,281 · end of year $261,449

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,680 · end of year $46,550

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

    $28,708,480

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

    $11,329,806

  • 10c · Land, buildings and equipment, net

    beginning of year $17,880,657 · end of year $17,378,674

  • 11 · Investments: publicly traded securities

    beginning of year $804,604 · end of year $1,103,676

  • 14 · Intangible assets

    beginning of year $44,380 · end of year $28,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,995 · end of year $94,357

  • 19 · Deferred revenue

    beginning of year $1,510,532 · end of year $1,358,783

  • 23 · Secured mortgages and notes payable

    beginning of year $8,735,234 · end of year $8,452,856

  • 25 · Other liabilities

    beginning of year $292,925 · end of year $488,709

  • 27 · Net assets without donor restrictions

    beginning of year $9,442,658 · end of year $8,870,389

  • 28 · Net assets with donor restrictions

    beginning of year $989,028 · end of year $5,993,630

Mission and programs · 2023

Mission

CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION.

  • OPERATED A KINDERGARTEN THROUGH GRADE 12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. THE KINDERGARTEN THROUGH 12TH GRADE OPERATIONS INCLUDE RELATED SCHOOL ACTIVITIES SUCH AS CLUBS, ARTS AND SPORTS. THE SCHOOL ENROLLED 529 STUDENTS IN SCHOOL YEAR 2023-2024. TOTAL GRANTS CONSIST OF FINANCIAL AID AND FACULTY DISCOUNTS ASSISTANCE TO INDIVIDUALS. 158 INDIVIDUAL STUDENTS RECEIVED FINANCIAL AID AND FACULTY DISCOUNTS.

    Expenses $8,759,668 · Grants $1,119,142 · Revenue $8,263,206

As filed on the 2023 return.

Listed in Part VII

  • Lapeirre Mike

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Kornegay John

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Newkirk Brad

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Brown Heidi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bates Dwight

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Flynn Crystal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jones Caroline

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ramos Leslie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ketterman Matt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anderson Seth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wright Lori

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kirkpatrick Jim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wilson Kevin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Toth Dena

    BUSINESS MANAGER

    Total calculated
    $62,167
    From this org
    $48,340
    From related orgs
    $0
    Other
    $13,827
    Hours/week
    40

  • Holland Tim

    HEAD OF SCHOOL

    Total calculated
    $217,542
    From this org
    $201,445
    From related orgs
    $0
    Other
    $16,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,445
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,097 related
    Filer's total
    $201,445 + $16,097 related

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202501129349301215

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