Greenwood Christian Academy Inc
- Assets
- $7.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 153
- Location
- Greenwood, IN
- Founding
- 03/2000
- Data as of
- 06/2023
- EIN
- 35-2062951
Organization Overview
Greenwood Christian Academy Inc is located in Greenwood, IN. The organization was established in 2000. 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 06/2023, Greenwood Christian Academy Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood 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 06/2023, Greenwood Christian Academy Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $7.6m during the year ending 06/2023. While expenses have increased by 12.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 705 STUDENTS IN K-12 SERVING JOHNSON AND SURROUNDING COUNTIES TO TEACH AND DEVELOP COLLEGE PREP AND COORDINATE EXTRA-CURRICULAR PROGRAMS TO DEVELOP STUDENT LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Chitty Superintendent | OfficerTrustee | 40 | $128,530 |
Danielle Doyle Secretary | OfficerTrustee | 5 | $0 |
Natalie Jackson Board Member | Trustee | 5 | $0 |
James Mead Board Member | Trustee | 5 | $0 |
Craig Reed Vice Chair | OfficerTrustee | 5 | $0 |
Ryan Smith Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $633,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $717,686 |
| Total Program Service Revenue | $6,893,013 |
| Investment income | $2,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $390,531 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,074,746 |
| 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. | $128,530 |
| Compensation of current officers, directors, key employees. | $24,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,127,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $531,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $123,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $90,763 |
| Information technology | $255,721 |
| Royalties | $0 |
| Occupancy | $275,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $116,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $328,604 |
| Insurance | $55,200 |
| All other expenses | $351,482 |
| Total functional expenses | $7,609,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,855,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,887 |
| 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 | $23,370 |
| Net Land, buildings, and equipment | $5,538,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,000 |
| Total assets | $7,684,277 |
| Accounts payable and accrued expenses | $170,441 |
| Grants payable | $0 |
| Deferred revenue | $1,158,507 |
| 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 | $2,376,793 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,705,741 |
| Net assets without donor restrictions | $3,493,419 |
| Net assets with donor restrictions | $485,117 |
| 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 | $7,684,277 |