Westlake Christian Academy
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 88
- Location
- Grayslake, IL
- Founding
- 04/1975
- Data as of
- 06/2023
- EIN
- 36-2752333
Organization Overview
Westlake Christian Academy is located in Grayslake, IL. The organization was established in 1975. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Westlake Christian Academy employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westlake 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 06/2023, Westlake Christian Academy generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 8 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
CHRISTIAN SCHOOL (PRE-K THROUGH GRADE 12)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE K THROUGH 12TH GRADE (CHRISTIAN SCHOOL)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Scifo Executive Dir. | Officer | 50 | $101,518 |
Chad Limones Trustee | Trustee | 5 | $0 |
Kimberly Lurvey Treasurer | OfficerTrustee | 10 | $0 |
Joel Sensenig Chairman | OfficerTrustee | 10 | $0 |
Terry Barker Trustee | Trustee | 5 | $0 |
Tania Rodriguez Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,138 |
| Total Program Service Revenue | $2,089,439 |
| Investment income | $60,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,459,766 |
| 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. | $101,518 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,315,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156,591 |
| Payroll taxes | $104,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,551 |
| Office expenses | $5,136 |
| Information technology | $14,143 |
| Royalties | $0 |
| Occupancy | $100,578 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,206 |
| Insurance | $25,992 |
| All other expenses | $85,534 |
| Total functional expenses | $2,291,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,163,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,053 |
| 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 | $18,311 |
| Net Land, buildings, and equipment | $1,322,283 |
| Investments—publicly traded securities | $34,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,546,828 |
| Accounts payable and accrued expenses | $217,242 |
| 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 | $125,000 |
| Secured mortgages and notes payable | $826,757 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $271,096 |
| Total liabilities | $1,440,095 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,106,733 |
| Total liabilities and net assets/fund balances | $2,546,828 |