Canterbury School Inc
- Assets
- $14.2m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 284
- Location
- Fort Wayne, IN
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 35-1410931
Organization Overview
Canterbury School Inc is located in Fort Wayne, IN. The organization was established in 1978. 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 06/2023, Canterbury School Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canterbury School 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 06/2022, Canterbury School Inc generated $16.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $17.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CANTERBURY AIMS TO DEVELOP STUDENTS WITH A STRONG BASE OF KNOWLEDGE, GENUINE APPRECIATION FOR THE CHALLENGES OF LEARNING, AND UNDERSTANDING THE IMPLICATIONS OF CHRISTIAN PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOALS OF CANTERBURY SCHOOL ARE: PROVIDE A CHALLENGING EDUCATIONAL PROGRAM BASED ON A STRONG COLLEGE-PREPARATORY CURRICULUM; PROMOTE INTELLECTUAL CURIOSITY AND CREATIVITY; DEVELOP CRITICAL THINKING AND PROBLEM-SOLVING SKILLS; ENCOURAGE STUDENTS TO DEVELOP THEIR POTENTIAL THROUGH PARTICIPATION IN A FULL RANGE OF SCHOOL PROGRAMS AND ACTIVITIES; NURTURE IN EACH STUDENT SELF-CONFIDENCE, SELF-WORTH AND INTEGRITY; INSTILL A SENSE OF COMMUNITY RESPONSIBILITY AND SERVICE; CREATE AN AWARENESS OF STANDARDS, OBLIGATIONS AND ENDURING VALUES OF LIFE. ENROLLMENT FOR THE 2022-2023 SCHOOL YEAR WAS APPROXIMATELY 700 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jackson Head Of School | OfficerTrustee | 50 | $228,395 |
Jerry Belcher Business Manager | Officer | 40 | $109,836 |
Todd Jacobs Chair | OfficerTrustee | 1 | $0 |
Henry Najdeski Trustee (left 04/2023) | Trustee | 1 | $0 |
Dara Spearman-Wardlow Trustee | Trustee | 1 | $0 |
Arv Surendran Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,880 |
| Related organizations | $877,214 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,534,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,490,700 |
| Total Program Service Revenue | $14,283,296 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,080 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,841,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,637,658 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,569 |
| Compensation of current officers, directors, key employees. | $39,077 |
| Compensation to disqualified persons | $79,308 |
| Other salaries and wages | $7,895,877 |
| Pension plan accruals and contributions | $303,407 |
| Other employee benefits | $1,573,016 |
| Payroll taxes | $611,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $665 |
| Fees for services: Accounting | $48,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $524,281 |
| Advertising and promotion | $451,861 |
| Office expenses | $360,801 |
| Information technology | $106,821 |
| Royalties | $0 |
| Occupancy | $621,684 |
| Travel | $177,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,796 |
| Interest | $29,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763,427 |
| Insurance | $105,751 |
| All other expenses | $0 |
| Total functional expenses | $17,513,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $399,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,653,944 |
| 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 | $116,563 |
| Net Land, buildings, and equipment | $8,983,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,154,151 |
| Accounts payable and accrued expenses | $1,308,530 |
| Grants payable | $0 |
| Deferred revenue | $901,666 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $170,567 |
| Total liabilities | $4,380,763 |
| Net assets without donor restrictions | $7,970,780 |
| Net assets with donor restrictions | $1,802,608 |
| 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 | $14,154,151 |