Faith Christian Academy
- Assets
- $5.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 148
- Location
- Quakertown, PA
- Founding
- 10/2007
- Data as of
- 06/2020
- 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 06/2020, Faith Christian Academy employed 148 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 06/2020, Faith Christian Academy generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.5m during the year ending 06/2020. While expenses have increased by 8.5% per year over the past 6 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
2020
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 300 STUDENTS FROM KINDERGARDEN TO TWELTH GRADE AND APPROXIMATELY 100 CHILDREN IN DAY CARE FROM NURSERY TO K-4.
THE ORGANIZATION PROVIDES A SUPERIOR EDUCATION IN A CHRISTIAN ENVIRONMENT TO APPROXIMATELY 300 STUDENTS FROM KINDERGARDEN TO TWELTH GRADE AND APPROXIMATELY 100 CHILDREN IN DAY CARE FROM NURSERY TO K-4.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Clymer Principal | Trustee | 40 | $103,507 |
Wally Alderfer President | Officer | 2 | $0 |
Dan Smith Treasurer | Officer | 2 | $0 |
Allison Nicholson Vice President | Officer | 2 | $0 |
Dave Forker Director | Trustee | 2 | $0 |
Dan Schmidt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,778 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,283 |
| Net Income from Fundraising Events | $48,024 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,304,219 |
| Statement of Expenses | |
|---|---|
| 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. | $103,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,590,486 |
| Pension plan accruals and contributions | $1,272 |
| Other employee benefits | $232,043 |
| Payroll taxes | $238,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,332 |
| Fees for services: Accounting | $8,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,127 |
| Office expenses | $46,080 |
| Information technology | $33,408 |
| Royalties | $0 |
| Occupancy | $272,010 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,966 |
| Interest | $142,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,938 |
| Insurance | $76,856 |
| All other expenses | $0 |
| Total functional expenses | $4,477,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,872 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,682 |
| Other assets | $0 |
| Total assets | $5,888,385 |
| Accounts payable and accrued expenses | $528,938 |
| 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 | $3,233,533 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,762,471 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,125,914 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Faith Christian Academy has recieved totaling $144,075.
| Awarding Organization | Amount |
|---|---|
Gerhart Family Charitable Trust Colmar, PA PURPOSE: GENERAL FUND | $99,480 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $26,650 |
Amerisourcebergen Foundation Conshohocken, PA PURPOSE: GENERAL SUPPORT | $11,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,403 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |