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← CLEAR LAKE CLASSICAL INCORPORATED

Form 990 for tax year 2023

Filed by CLEAR LAKE CLASSICAL INCORPORATED.

Totals

Total revenue
$2,195,041
Total expenses
$1,294,742
Contributions and grants received
$1,131,922
Grants paid
$0
Program service revenue
$981,446
Investment income
$15,880
Other revenue
$65,793
Total assets, end of year
$2,703,746
Total liabilities, end of year
$1,202,453
Net assets or fund balances, end of year
$1,501,293
Program services expenses (Part IX)
$995,214
Management and general expenses
$299,528
Fundraising expenses
$0
Program service expenses (Part III)
$995,214

Program services were 76.9% 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

    $1,131,922

  • 2a · Program service revenue: TUITION

    total $906,783 · related or exempt $906,783

  • 2b · Program service revenue: FEES

    total $42,340 · related or exempt $42,340

  • 2c · Program service revenue: BUSING INCOME

    total $24,690 · related or exempt $24,690

  • 2d · Program service revenue: FIELD TRIP

    total $5,018 · related or exempt $5,018

  • 2e · Program service revenue: BAND/MUSIC RECEIPTS

    total $2,547 · related or exempt $2,547

  • 2f · All other program service revenue

    total $68 · related or exempt $68

  • 3 · Investment income

    total $15,880 · excluded $15,880

  • 6a · Gross rents

    real property $9,985

  • 6c · Rental income or loss

    real property $9,985

  • 6d · Net rental income or loss

    total $9,985 · excluded $9,985

  • 11a · Other revenue: INSURANCE INCOME

    total $36,199 · excluded $36,199

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $19,609 · related or exempt $19,609

  • 11e · Other revenue, total

    $55,808

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $759,916 · program services $607,933 · management and general $151,983

  • 10 · Payroll taxes

    total $57,337 · program services $45,870 · management and general $11,467

  • 11b · Fees: legal

    total $10,945 · management and general $10,945

  • 11g · Fees: other

    total $40,782 · management and general $40,782

  • 12 · Advertising and promotion

    total $797 · management and general $797

  • 13 · Office expenses

    total $13,142 · program services $10,052 · management and general $3,090

  • 16 · Occupancy

    total $129,758 · program services $115,786 · management and general $13,972

  • 20 · Interest

    total $64,800 · management and general $64,800

  • 22 · Depreciation, depletion and amortization

    total $55,273 · program services $55,273

  • 23 · Insurance

    total $23,794 · program services $22,976 · management and general $818

  • 24a · Other expenses: BOOKS

    total $24,726 · program services $24,726

  • 24b · Other expenses: CURRICULUM EXPENSE

    total $12,031 · program services $12,031

  • 24c · Other expenses: MISCELLANEOUS

    total $11,634 · program services $11,634

  • 24d · Other expenses: TEACHER TRAINING

    total $11,258 · program services $11,258

  • 24e · All other expenses

    total $78,549 · program services $77,675 · management and general $874

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $46,548 · end of year $600,788

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

    $2,180,731

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

    $77,773

  • 10c · Land, buildings and equipment, net

    beginning of year $488,386 · end of year $2,102,958

  • 15 · Other assets

    beginning of year $66,060

  • 23 · Secured mortgages and notes payable

    end of year $1,200,000

  • 25 · Other liabilities

    end of year $2,453

  • 27 · Net assets without donor restrictions

    beginning of year $600,994 · end of year $957,446

  • 28 · Net assets with donor restrictions

    end of year $543,847

Mission and programs · 2023

Mission

CLEAR LAKE CLASSICAL IS A PRIVATE SCHOOL COMMITTED TO PROVIDING A CLASSICAL AND BIBLICALLY-BASED EDUCATION TO YOUNG PEOPLE IN PRIMARY AND SECONDARY GRADE LEVELS.

  • TO EDUCATE STUDENTS WITH AN EMPHASIS ON GRAMMAR, LOGIC AND RHETORIC IN ALL SUBJECTS.

    Expenses $995,214 · Revenue $981,446

As filed on the 2023 return.

Listed in Part VII

  • Dr Renee Diamond

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Cory J Gerdts

    HEADMASTER

    Total calculated
    $0
    Hours/week
    40

  • Gabe Haugland

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Brian Lund

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Greg Nicholas

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Alex Olson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    15

  • Andrew Stupka

    BOARD MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 December 2024
IRS schema version
2023v5.0
Source object
202443599349301004

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