Foundations Christian Academy Inc
- Assets
- $368.7k
- Revenue
- $639.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 05/2011
- Data as of
- 06/2024
- EIN
- 27-0585199
Organization Overview
Foundations Christian Academy Inc is located in Franklin, TN. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundations 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 06/2024, Foundations Christian Academy Inc generated $639.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $575.2k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO PROVIDE THE HIGHEST QUALITY EDUCATION IN A CHRIST CENTERED INTERDENOMINATIONAL ENVIRONMENT THAT SUPPORTS AND ENHANCES THE HOME SCHOOL EXPERIENCE. WE EXIST TO ENCOURAGE , ENABLE, AND EMPOWER PARENTS TO EDUCATE THEIR CHILD IN A WAY THAT FIRST AND FOREMOST HONORS G
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF FOUNDATIONS CHRISTIAN ACADEMY IS TO PARTNER WITH THE PARENTS TO PREPARE CHILDREN FOR LIVES OF INTEGRITY, LEARNING, AND SERVICE TO THEIR COMMUNITIES. WE BELIVE THAT THE ULTIMATE RESPONSIBILITY FOR A CHILDS EDUCATION LIES WITH THE PARENTS. WE BELIEVE IT IS A PRIVILEGE TO PARTNER WIHT PARENTS, AND OUR DESIRE IS THAT THE PROGRAM COMPLIMENTS THE PRIMARY EDUCATION BEING OFFERED IN THE HOME. WE ACCOMPLISH THIS BY MAINTAINING THE HIGHER STANDARDS IN ACHEDMICS IN A CHRIST CENTERED ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Armistead Director | OfficerTrustee | 30 | $46,013 |
Alex Henderson Director | OfficerTrustee | 30 | $39,810 |
Heidi Howerton Director | OfficerTrustee | 1 | $0 |
Nae Soundara Director | OfficerTrustee | 1 | $0 |
Clara Soundara Secretary | OfficerTrustee | 1 | $0 |
Mike Howerton Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $607,202 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,173 |
| Total Program Service Revenue | $0 |
| Investment income | $8,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,109 |
| 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 | $425,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,562 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $12,064 |
| Advertising and promotion | $4,177 |
| Office expenses | $0 |
| Information technology | $458 |
| Royalties | $0 |
| Occupancy | $43,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $704 |
| Insurance | $7,370 |
| All other expenses | $39,617 |
| Total functional expenses | $575,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,854 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $368,666 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $368,666 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $368,666 |