Cuyahoga Valley Christian Academy
- Assets
- $22.0m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 220
- Location
- Cuyahoga Falls, OH
- Founding
- 06/1968
- Data as of
- 06/2021
- EIN
- 34-1027005
Organization Overview
Cuyahoga Valley Christian Academy is located in Cuyahoga Falls, OH. The organization was established in 1968. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Cuyahoga Valley Christian Academy employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuyahoga Valley 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, Cuyahoga Valley Christian Academy generated $14.4m 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 $13.1m during the year ending 06/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING AND CULTIVATING SERVANTS FOR JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVCA IS A PRIVATE, CHRISTIAN SCHOOL FOR GRADES 6 THROUGH 12. OVER 800 STUDENTS WERE SERVED DURING THE SCHOOL YEAR.
DONATIONS RECEIVED FOR VARIOUS ENDOWMENTS AND TRANSFERRED TO CUYAHOGA VALLEY CHRISTIAN ACADEMY ENDOWMENT FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Spodnik President | Officer | 40 | $159,784 |
Jim Gaul CFO | Officer | 40 | $125,800 |
Matt Koons Headmaster | Officer | 40 | $114,199 |
Paul Eck Chairman | OfficerTrustee | 1 | $0 |
Don Richards Vice Charima | OfficerTrustee | 1 | $0 |
Dave Petno Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,205 |
| Related organizations | $471,213 |
| Government grants | $2,509,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,597,773 |
| Noncash contributions included in lines 1a–1f | $133,091 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,750,580 |
| Total Program Service Revenue | $9,523,504 |
| Investment income | $1,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $204 |
| Net Rental Income | $59,077 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $82,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,418,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,667 |
| Grants and other assistance to domestic individuals. | $1,724,136 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,804 |
| Compensation of current officers, directors, key employees. | $240,799 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,860,864 |
| Pension plan accruals and contributions | $219,536 |
| Other employee benefits | $1,108,874 |
| Payroll taxes | $274,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,608 |
| Fees for services: Accounting | $17,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,872 |
| Advertising and promotion | $103,030 |
| Office expenses | $595,065 |
| Information technology | $51,746 |
| Royalties | $0 |
| Occupancy | $657,221 |
| Travel | $84,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,192 |
| Interest | $28,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $947,648 |
| Insurance | $0 |
| All other expenses | $5,222 |
| Total functional expenses | $13,050,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,216 |
| Savings and temporary cash investments | $1,607,516 |
| Pledges and grants receivable | $949,370 |
| Accounts receivable, net | $180,722 |
| 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 | $90,987 |
| Net Land, buildings, and equipment | $17,922,655 |
| Investments—publicly traded securities | $22,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,009,753 |
| Accounts payable and accrued expenses | $945,326 |
| Grants payable | $0 |
| Deferred revenue | $254,845 |
| 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 | $650,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,850,171 |
| Net assets without donor restrictions | $19,687,751 |
| Net assets with donor restrictions | $471,831 |
| 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 | $22,009,753 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cuyahoga Valley Christian Academy has recieved totaling $1,197,882.
| Awarding Organization | Amount |
|---|---|
The Walt & Terri Bettinger Foundation Bath, OH PURPOSE: GENERAL PURPOSE - PURCHASE OF ATHLETIC EQUIPMENT AND TUITION ASSISTANCE | $645,009 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $145,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $116,273 |
Richards Family Foundation Cleveland, OH PURPOSE: GENERAL | $100,000 |
Paul P Tell Foundation Inc Akron, OH PURPOSE: RELIGIOUS EDUC | $100,000 |
In His Steps Foundation Independence, OH PURPOSE: EDU/SCHOLAR K-12 | $79,500 |
Endowment Analysis
| Beg. Balance | $7,421,421 |
| Earnings | $2,141,289 |
| Admin Expense | -$21,221 |
| Net Contributions | $109,667 |
| Grants | -$471,213 |
| Ending Balance | $9,179,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |
21st Century Cyber Charter School West Chester, PA | $42,600,686 | $36,468,461 |
Kipp Columbus Columbus, OH | $13,048,078 | $26,481,739 |
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |