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Nonprofiteer
← MIAMI VALLEY CHRISTIAN ACADEMY

Form 990 for tax year 2022

Filed by MIAMI VALLEY CHRISTIAN ACADEMY.

Totals

Total revenue
$10,335,333
Total expenses
$8,057,301
Contributions and grants received
$3,277,981
Grants paid
$877,392
Program service revenue
$6,387,002
Investment income
$692
Other revenue
$669,658
Total assets, end of year
$9,287,692
Total liabilities, end of year
$2,189,367
Net assets or fund balances, end of year
$7,098,325
Program services expenses (Part IX)
$6,425,075
Management and general expenses
$1,464,891
Fundraising expenses
$167,335
Program service expenses (Part III)
$6,425,075

Program services were 79.7% 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.

  • 1c · Fundraising events

    $188,319

  • 1e · Government grants (contributions)

    $867,647

  • 1f · All other contributions, gifts and grants

    $2,222,015

  • 2a · Program service revenue: TUITION AND FEES

    total $5,802,934 · related or exempt $5,802,934

  • 2b · Program service revenue: OTHER PROGRAM FEES

    total $584,068 · related or exempt $584,068

  • 3 · Investment income

    total $692 · excluded $692

  • 6a · Gross rents

    real property $96,844

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $96,844

  • 6d · Net rental income or loss

    total $96,844 · excluded $96,844

  • 8a · Fundraising events: gross income

    $11,961

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

    $188,319

  • 8b · Fundraising events: direct expenses

    $35,788

  • 8c · Net income from fundraising events

    total -$23,827 · excluded -$23,827

  • 11a · Other revenue: EMPLOYEE RETENTION CREDIT REVENUE

    total $591,876 · excluded $591,876

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $4,765 · excluded $4,765

  • 11e · Other revenue, total

    $596,641

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $877,392 · program services $877,392

  • 5 · Compensation of officers, directors and key employees

    total $178,046 · program services $131,754 · management and general $40,951 · fundraising $5,341

  • 7 · Other salaries and wages

    total $3,828,183 · program services $2,832,856 · management and general $880,482 · fundraising $114,845

  • 9 · Other employee benefits

    total $388,370 · program services $287,394 · management and general $89,325 · fundraising $11,651

  • 10 · Payroll taxes

    total $314,540 · program services $232,760 · management and general $72,344 · fundraising $9,436

  • 11c · Fees: accounting

    total $13,611 · program services $10,072 · management and general $3,131 · fundraising $408

  • 11g · Fees: other

    total $115,806 · program services $85,696 · management and general $26,635 · fundraising $3,475

  • 12 · Advertising and promotion

    total $69,739 · program services $51,607 · management and general $16,040 · fundraising $2,092

  • 13 · Office expenses

    total $25,831 · program services $19,706 · management and general $6,125

  • 14 · Information technology

    total $91,847 · program services $67,967 · management and general $21,125 · fundraising $2,755

  • 16 · Occupancy

    total $258,631 · program services $197,306 · management and general $61,325

  • 17 · Travel

    total $24,155 · program services $17,958 · management and general $5,579 · fundraising $618

  • 20 · Interest

    total $42,147 · program services $31,189 · management and general $9,694 · fundraising $1,264

  • 22 · Depreciation, depletion and amortization

    total $415,012 · program services $307,108 · management and general $95,454 · fundraising $12,450

  • 23 · Insurance

    total $61,427 · program services $45,456 · management and general $14,128 · fundraising $1,843

  • 24a · Other expenses: SCHOOL PROGRAM

    total $647,051 · program services $647,051

  • 24b · Other expenses: SUPPLIES AND EVENTS

    total $298,336 · program services $251,098 · management and general $47,238 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $96,170 · program services $73,367 · management and general $22,803 · fundraising $0

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $38,574 · program services $28,545 · management and general $8,872 · fundraising $1,157

  • 24e · All other expenses

    total $272,433 · program services $228,793 · management and general $43,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $314,824 · end of year $331,737

  • 2 · Savings and temporary cash investments

    beginning of year $285,857 · end of year $46,230

  • 3 · Pledges and grants receivable

    beginning of year $67,857 · end of year $502,254

  • 4 · Accounts receivable

    beginning of year $42,015 · end of year $111,239

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

    $10,110,294

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

    $4,197,757

  • 10c · Land, buildings and equipment, net

    beginning of year $5,886,822 · end of year $5,912,537

  • 12 · Investments: other securities

    end of year $1,687,113

  • 15 · Other assets

    beginning of year $0 · end of year $696,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $356,943 · end of year $523,856

  • 19 · Deferred revenue

    beginning of year $150,818 · end of year $376,847

  • 21 · Escrow or custodial account liability

    beginning of year $6,694

  • 23 · Secured mortgages and notes payable

    beginning of year $1,247,743 · end of year $1,219,259

  • 25 · Other liabilities

    beginning of year $38,860 · end of year $69,405

  • 27 · Net assets without donor restrictions

    beginning of year $4,785,823 · end of year $5,330,872

  • 28 · Net assets with donor restrictions

    beginning of year $10,494 · end of year $1,767,453

Mission and programs · 2022

Mission

PREPARING MINDS AND HEARTS TO IMPACT THE WORLD FOR CHRIST.

Activities or mission (Part I)

CHRISTIAN SCHOLASTIC EDUCATION

  • CHRISTIAN SCHOOL PROVIDING SCHOLASTIC EDUCATION TO 938 STUDENTS AND 560 FAMILIES IN PRESCHOOL THROUGH HIGH-SCHOOL. WE GRADUATED OUR THIRTEENTH CLASS THIS YEAR WITH A 100% ACCEPTANCE RATE TO SCHOOLS OF CHOICE.

    Expenses $6,425,075 · Grants $877,392 · Revenue $6,387,002

As filed on the 2022 return.

Listed in Part VII

  • Carla Wood

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Louis Schott

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Tom Rhodenbaugh

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Nick Ruotolo

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jim Sandul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rob Seddon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ward Sirotak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Greg Beasley

    HEAD OF SCHOOL

    Total calculated
    $178,046
    From this org
    $178,046
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,046
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $178,046

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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.

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
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202411239349302011

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