Totals
- Total revenue
- $936,133
- Total expenses
- $760,690
- Contributions and grants received
- $682,228
- Grants paid
- $49,636
- Program service revenue
- $229,755
- Investment income
- $812
- Other revenue
- $23,338
- Total assets, end of year
- $1,500,841
- Total liabilities, end of year
- $476,927
- Net assets or fund balances, end of year
- $1,023,914
- Program services expenses (Part IX)
- $715,528
- Management and general expenses
- $45,162
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $715,528
Program services were 94.1% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$682,228
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Student Tuition & Fees
total $149,708 · related or exempt $149,708 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Farm Income
total $79,716 · related or exempt $79,716 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Thrift Store Income
total $331 · related or exempt $331 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $812 · related or exempt $0 · unrelated business $0 · excluded $812
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $12,566 · personal property $0
-
6b · Less rental expenses
real property $7,411 · personal property $0
-
6c · Rental income or loss
real property $5,155 · personal property $0
-
6d · Net rental income or loss
total $5,155 · related or exempt $0 · unrelated business $0 · excluded $5,155
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Room & Board
total $13,808 · related or exempt $0 · unrelated business $0 · excluded $13,808
-
11b · Other revenue: Misc. Revenue
total $4,375 · related or exempt $0 · unrelated business $0 · excluded $4,375
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$18,183
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $49,636 · program services $49,636
-
5 · Compensation of officers, directors and key employees
total $23,220 · program services $13,800 · management and general $9,420
-
7 · Other salaries and wages
total $157,370 · program services $143,570 · management and general $13,800
-
9 · Other employee benefits
total $739 · program services $739
-
10 · Payroll taxes
total $12,080 · program services $10,522 · management and general $1,558
-
11b · Fees: legal
total $1,500 · management and general $1,500
-
11g · Fees: other
total $7,228 · program services $7,228
-
12 · Advertising and promotion
total $6,929 · program services $2,139 · management and general $4,790
-
13 · Office expenses
total $16,031 · program services $5,922 · management and general $10,109
-
14 · Information technology
total $17,780 · program services $17,780
-
16 · Occupancy
total $101,390 · program services $97,850 · management and general $3,540
-
17 · Travel
total $90,788 · program services $90,788 · fundraising $0
-
19 · Conferences, conventions and meetings
total $6,618 · program services $6,618
-
20 · Interest
total $445 · management and general $445
-
22 · Depreciation, depletion and amortization
total $64,585 · program services $64,585
-
23 · Insurance
total $19,071 · program services $19,071
-
24a · Other expenses: Supplies
total $128,842 · program services $128,842 · management and general $0 · fundraising $0
-
24b · Other expenses: Student Activities
total $15,747 · program services $15,747 · management and general $0 · fundraising $0
-
24c · Other expenses: Equipment Maint
total $10,992 · program services $10,992 · management and general $0 · fundraising $0
-
24d · Other expenses: Media Expense
total $24,804 · program services $24,804 · management and general $0 · fundraising $0
-
24e · All other expenses
total $4,895 · program services $4,895
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $129,058 · end of year $42,200
-
2 · Savings and temporary cash investments
beginning of year $192,513 · end of year $379,373
-
4 · Accounts receivable
beginning of year $5,644 · end of year $16,257
-
10a · Land, buildings and equipment: cost or other basis
$2,132,558
-
10b · Land, buildings and equipment: accumulated depreciation
$1,069,547
-
10c · Land, buildings and equipment, net
beginning of year $696,381 · end of year $1,063,011
-
17 · Accounts payable and accrued expenses
beginning of year $25,408 · end of year $35,903
-
19 · Deferred revenue
beginning of year $0 · end of year $37,021
-
24 · Unsecured notes and loans payable
beginning of year $149,717 · end of year $396,519
-
25 · Other liabilities
end of year $7,484
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $848,471 · end of year $1,023,914
Mission and programs · 2022
Mission
Boarding Academy for grades 9-12, providing education in practical work, religious instruction, and scholastic areas. Operation of farm program as integral part of educational process.
Activities or mission (Part I)
Boarding Academy for grades 9-12, providing education in practical work, religious instruction, and scholastic areas.
-
Boarding Academy: A practical education combining scholastic studies with a practical work experience. Emphasis placed upon character development reflecting Christian virtues. Operation of farm program considered to be the ABCs of this type of educational program. There were 17-18 students during 2022-2023 school year.
Expenses $715,528 · Grants $49,636 · Revenue $229,424
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Craig Cleveland
Director
- Total calculated
- $11,059
- From this org
- $11,059
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Randal Ward
President
- Total calculated
- $10,789
- From this org
- $10,789
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
Sonya Stone
Director
- Total calculated
- $0
- Hours/week
- 0
-
Steven Grabiner
Director/Board Chair
- Total calculated
- $0
- Hours/week
- 0
-
Wanda Sarr
Director
- Total calculated
- $0
- Hours/week
- 0
-
Debbie Baker
Director
- Total calculated
- $0
- Hours/week
- 0
-
Scott Learned
Director
- Total calculated
- $0
- Hours/week
- 0
-
Daniel Butler
Treasurer/Director
- Total calculated
- $0
- Hours/week
- 0
-
Frank Fournier
Director
- Total calculated
- $0
- Hours/week
- 0
-
Steve Dickman
Director
- Total calculated
- $0
- Hours/week
- 0
-
Karen Holland
Director
- Total calculated
- $0
- Hours/week
- 0
-
Shanniel Fisher
Director
- Total calculated
- $0
- Hours/week
- 0
-
Valencia Miller
Secretary
- Total calculated
- $0
- Hours/week
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441279349301149
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