Faith Christian Academy
- Assets
- $13.4m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 155
- Location
- Quakertown, PA
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 26-0500951
Organization Overview
Faith Christian Academy is located in Quakertown, PA. The organization was established in 2007. 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 06/2023, Faith Christian Academy employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Christian Academy 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 06/2023, Faith Christian Academy generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $10.2m during the year ending 06/2023. While expenses have increased by 20.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENCE IN EDUCATION WITH A BIBLICAL PERSPECTIVE FOR EFFECTIVENESS IN SERVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SUPERIOR EDUCATION IN A CHRISTIAN ENVIRONMENT TO APPROXIMATELY 900 STUDENTS FROM KINDERGARTEN TO TWELTH GRADE AND APPROXIMATELY 400 CHILDREN IN DAYCARE FROM NURSERY TO K-4.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Clymer Principal | Trustee | 40 | $228,154 |
Ron Jones Director | Trustee | 40 | $0 |
Dan Schmidt Director | Trustee | 2 | $0 |
Andrew Detweiler Director | Officer | 2 | $0 |
Dave Forker Director | Officer | 2 | $0 |
Allison Nicholson President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,698 |
| Total Program Service Revenue | $11,333,273 |
| Investment income | $569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $72,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,537,215 |
| 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. | $228,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,702,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $396,316 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,596 |
| Fees for services: Accounting | $38,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150,986 |
| Office expenses | $196,863 |
| Information technology | $84,245 |
| Royalties | $0 |
| Occupancy | $621,587 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $274,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,001 |
| Insurance | $111,522 |
| All other expenses | $252,962 |
| Total functional expenses | $10,205,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,399 |
| Net Land, buildings, and equipment | $11,641,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,393,947 |
| Accounts payable and accrued expenses | $235,812 |
| Grants payable | $0 |
| Deferred revenue | $216,226 |
| 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 | $5,978,428 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,430,466 |
| Net assets without donor restrictions | $6,296,507 |
| Net assets with donor restrictions | $666,974 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,393,947 |