Totals
- Total revenue
- $1,579,162
- Total expenses
- $2,556,896
- Contributions and grants received
- $177,655
- Grants paid
- $0
- Program service revenue
- $1,316,791
- Investment income
- $45,140
- Other revenue
- $39,576
- Total assets, end of year
- $8,132,336
- Total liabilities, end of year
- $2,074,490
- Net assets or fund balances, end of year
- $6,057,846
- Program services expenses (Part IX)
- $1,875,792
- Management and general expenses
- $480,849
- Fundraising expenses
- $200,255
- Program service expenses (Part III)
- $1,875,792
Program services were 73.4% 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
$177,655
-
2a · Program service revenue: TUITION FEES
total $1,313,191 · related or exempt $1,313,191
-
2b · Program service revenue: APPLICATION FEES
total $3,600 · related or exempt $3,600
-
3 · Investment income
total $45,140 · excluded $45,140
-
6a · Gross rents
real property $13,000
-
6b · Less rental expenses
real property $67,188
-
6c · Rental income or loss
real property -$54,188
-
6d · Net rental income or loss
total -$54,188 · unrelated business -$54,188
-
8a · Fundraising events: gross income
$106,161
-
8b · Fundraising events: direct expenses
$13,579
-
8c · Net income from fundraising events
total $92,582 · excluded $92,582
-
11a · Other revenue: MISCELLANEOUS
total $1,182 · related or exempt $1,182
-
11e · Other revenue, total
$1,182
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $170,000 · program services $102,000 · management and general $34,000 · fundraising $34,000
-
6 · Compensation of disqualified persons
total $40,261 · program services $40,261
-
7 · Other salaries and wages
total $1,549,158 · program services $1,021,587 · management and general $412,678 · fundraising $114,893
-
8 · Pension plan contributions
total $27,043 · program services $27,043
-
9 · Other employee benefits
total $47,971 · program services $47,971
-
10 · Payroll taxes
total $125,232 · program services $79,671 · management and general $34,171 · fundraising $11,390
-
11c · Fees: accounting
total $4,284 · program services $4,284
-
11f · Fees: investment management
total $9,147 · program services $9,147
-
11g · Fees: other
total $248 · program services $248
-
12 · Advertising and promotion
total $39,972 · fundraising $39,972
-
13 · Office expenses
total $11,114 · program services $11,114
-
14 · Information technology
total $27,990 · program services $27,990
-
16 · Occupancy
total $37,119 · program services $37,119
-
19 · Conferences, conventions and meetings
total $2,329 · program services $2,329
-
20 · Interest
total $62,172 · program services $62,172
-
22 · Depreciation, depletion and amortization
total $255,424 · program services $255,424
-
23 · Insurance
total $43,102 · program services $43,102
-
24a · Other expenses: SPORTS EXPENSES
total $22,410 · program services $22,410
-
24b · Other expenses: OTHER EDUCATION EXPENSES
total $17,262 · program services $17,262
-
24c · Other expenses: MAINTENANCE EXPENSES
total $13,788 · program services $13,788
-
24d · Other expenses: TELEPHONE
total $8,582 · program services $8,582
-
24e · All other expenses
total $42,288 · program services $42,288
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $416,586 · end of year $95,272
-
4 · Accounts receivable
beginning of year $19,871
-
9 · Prepaid expenses and deferred charges
beginning of year $3,861 · end of year $4,563
-
10a · Land, buildings and equipment: cost or other basis
$12,325,378
-
10b · Land, buildings and equipment: accumulated depreciation
$4,898,019
-
10c · Land, buildings and equipment, net
beginning of year $7,733,340 · end of year $7,427,359
-
11 · Investments: publicly traded securities
beginning of year $1,011,171 · end of year $605,142
-
17 · Accounts payable and accrued expenses
beginning of year $127,161 · end of year $139,961
-
19 · Deferred revenue
beginning of year $157,915 · end of year $137,013
-
23 · Secured mortgages and notes payable
beginning of year $1,928,039 · end of year $1,797,516
-
27 · Net assets without donor restrictions
beginning of year $6,613,210 · end of year $5,983,892
-
28 · Net assets with donor restrictions
beginning of year $358,504 · end of year $73,954
Mission and programs · 2023
Mission
TO PROVIDE AN EXEMPLARY COLLEGE PREPARATORY EDUCATION IN A CHALLENGING, FAITH-AFFIRMING ENVIRONMENT TO MAXIMIZE THE POTENTIAL OF EVERY STUDENT.
-
TO PROVIDE A SECONDARY SCHOOL EDUCATION WITH A FAITH-AFFIRMING ENVIRONMENT. THE SCHOOL HAD APPROXIMATELY 133 STUDENTS IN MIDDLE SCHOOL AND HIGH SCHOOL.
Expenses $1,875,792 · Revenue $1,316,791
As filed on the 2023 return.
Listed in Part VII
-
TIM ODITT
HEAD OF SCHO
- Total calculated
- $168,508
- From this org
- $158,308
- From related orgs
- $0
- Other
- $10,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,308
- Bonus
- not reported
- Other
- not reported
- Deferred
- $10,200
- Nontaxable benefits
- not reported
- Filer's total
- $168,508
-
STEVE BECKHAM
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 3
-
PAUL ENGLER
REGENT
- Total calculated
- $0
- Hours/week
- 2
-
DEY GABRIEL
PAA PRESIDEN
- Total calculated
- $0
- Hours/week
- 3
-
SHANE HALL
REGENT
- Total calculated
- $0
- Hours/week
- 2
-
BILL HARRIS
REGENT
- Total calculated
- $0
- Hours/week
- 2
-
LANCE JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
SIMON LEECH
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
ANNIE MCLAUGHLIN
REGENT
- Total calculated
- $0
- Hours/week
- 2
-
PATRICK SWINDELL
CHAIRMAN
- 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. 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 · 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
- 24 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520249349300337
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