Lakeside Christian Academy Inc
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 78
- Location
- Morehead, KY
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-2918958
Organization Overview
Lakeside Christian Academy Inc is located in Morehead, KY. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lakeside Christian Academy Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Christian Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lakeside Christian Academy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVIDE HIGH QUALITY CHRISTIAN EDUCATION TO ROWAN AND THE SURROUNDING COUNTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED QUALIFY CHRISTIAN EDUCATION TO ROWAN AND THE SUROUNDING COUNTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Lowery Secretary | Officer | $0 | |
Traci Webster Chair | Officer | $0 | |
Madonna Hanshaw Director | Trustee | $0 | |
Debbie Cooper Director | Trustee | $0 | |
James Manning Director | Trustee | $0 | |
Tammy Mckinney Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,600 |
| Total Program Service Revenue | $1,080,944 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,190,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,138 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,331 |
| Office expenses | $16,657 |
| Information technology | $13,643 |
| Royalties | $0 |
| Occupancy | $84,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,728 |
| All other expenses | $31,462 |
| Total functional expenses | $1,123,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,235 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,282,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,127 |
| Other assets | $0 |
| Total assets | $2,338,720 |
| Accounts payable and accrued expenses | -$52,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,368,167 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,315,972 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $22,716 |
| Retained earnings, endowment, accumulated income, or other funds | $1,000,032 |
| Total liabilities and net assets/fund balances | $2,338,720 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakeside Christian Academy Inc has recieved totaling $190.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Columbus School For Girls Columbus, OH | $50,828,669 | $22,436,209 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Maumee Valley Country Day School Toledo, OH | $12,782,081 | $15,512,286 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |