Llano Christian Academy
- Assets
- $2.9m
- Revenue
- $536.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Llano, TX
- Founding
- 04/2011
- Data as of
- 06/2021
- EIN
- 27-4199184
Organization Overview
Llano Christian Academy is located in Llano, TX. The organization was established in 2011. 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 06/2021, Llano Christian Academy employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Llano 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 06/2021, Llano Christian Academy generated $536.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $529.5k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LCA IS TO EDUCATE CHILDREN WITH THE EMPHASIS ON HOLY SCRIPTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LLANO CHRISTIAN ACADEMY PROVIDED A CHRISTIAN EDUCATION CONSISTENT WITH THE MISSION OF THE ORGANIZATION TO STUDENTS IN GRADES PRE-K THROUGH 12 FOR THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Smith Headmaster | Officer | 40 | $40,000 |
Lony Reed Director | Trustee | 10 | $0 |
Sam Oatman Director | Trustee | 10 | $0 |
Joan Castleman Secretary | Trustee | 10 | $0 |
Michael Boatright Vice President | Trustee | 10 | $0 |
Bobby Limmer President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,828 |
| Investment income | $14,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,118 |
| 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. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,630 |
| 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 | $0 |
| Advertising and promotion | $1,162 |
| Office expenses | $0 |
| Information technology | $2,486 |
| Royalties | $0 |
| Occupancy | $8,978 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,376 |
| Insurance | $9,269 |
| All other expenses | $0 |
| Total functional expenses | $529,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,224 |
| Savings and temporary cash investments | $92,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,093 |
| 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 | $26,607 |
| Investments—publicly traded securities | $1,377,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,850,685 |
| Accounts payable and accrued expenses | $20,441 |
| 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 | $20,441 |
| 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 | $2,830,244 |