Cuyahoga Valley Christian Academy Endowment Fund is located in Cuyahoga Falls, OH. The organization was established in 1984. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Cuyahoga Valley Christian Academy Endowment Fund 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 Endowment Fund generated $797.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $492.4k 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 CVCA ENDOWMENT FUND PROVIDES FUNDS TO CUYAHOGA VALLEY CHRISTIAN ACADEMY FOR THE FUNDING OF EDUCATIONAL PROGRAMS AND SCHOLARSHIPS FOR TUITION ASSISTANCE TO QUALIFIED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 400 STUDENTS RECEIVED SCHOLARSHIPS AND/OR FINANCIAL AID FROM THE CVCA ENDOWMENT FUND.
APPROXIMATELY 400 STUDENTS RECEIVED SCHOLARSHIPS AND/OR FINANCIAL AID FROM THE CVCA ENDOWMENT FUND.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dave Wright Chairman | OfficerTrustee | 1 | $0 |
Jason Spodnik Admin Repres | OfficerTrustee | 1 | $0 |
Jim Gaul Secretary/tr | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $109,667 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $109,667 |
Total Program Service Revenue | $0 |
Investment income | $181,340 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $506,778 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $797,785 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $471,213 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
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 | $21,221 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $492,434 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,409 |
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 | $0 |
Investments—publicly traded securities | $9,440,529 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,441,938 |
Accounts payable and accrued expenses | $175,000 |
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 | $86,995 |
Total liabilities | $261,995 |
Net assets without donor restrictions | $357,882 |
Net assets with donor restrictions | $8,822,061 |
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 | $9,441,938 |
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 |
Organization Name | Assets | Revenue |
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Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |