Crestview Academy Inc
- Assets
- $26.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Eau Claire, WI
- Founding
- 08/1999
- Data as of
- 06/2021
- EIN
- 39-1889441
Organization Overview
Crestview Academy Inc is located in Eau Claire, WI. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Crestview Academy Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crestview 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 06/2021, Crestview Academy Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $2.0m 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
OPERATING A K-8 SCHOOL PROVIDING HIGH-QUALITY, CLASSICAL EDUCATION IN A CHRISTIAN ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2020-2021 FISCAL YEAR AND SCHOOL YEAR, CRESTVIEW ACADEMY, INC. OPERATED A SCHOOL THAT PROVIDED EDUCATION TO 159 STUDENTS COMING FROM 112 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnie Prokott School Manager | OfficerTrustee | 40 | $72,575 |
Margaret Waldhart-Larsen President | OfficerTrustee | 15 | $0 |
Beverly Childs Director | Trustee | 15 | $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 | $1,065,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,803 |
| Total Program Service Revenue | $624,906 |
| Investment income | $424,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,348 |
| Net Income from Fundraising Events | $566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,133,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| Grants and other assistance to domestic individuals. | $43,813 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,348 |
| Compensation of current officers, directors, key employees. | $61,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $882,296 |
| Pension plan accruals and contributions | $53,693 |
| Other employee benefits | $110,712 |
| Payroll taxes | $68,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,777 |
| Fees for services: Other | $41,790 |
| Advertising and promotion | $4,318 |
| Office expenses | $14,080 |
| Information technology | $51,739 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $866 |
| 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 | $157,219 |
| Insurance | $21,981 |
| All other expenses | $5,018 |
| Total functional expenses | $2,003,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $202,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,439 |
| Prepaid expenses and deferred charges | $10,648 |
| Net Land, buildings, and equipment | $2,526,275 |
| Investments—publicly traded securities | $23,261,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,030,299 |
| Accounts payable and accrued expenses | $228,453 |
| 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 | $18,371 |
| Total liabilities | $246,824 |
| Net assets without donor restrictions | $25,782,553 |
| Net assets with donor restrictions | $922 |
| 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 | $26,030,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crestview Academy Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Integrity Tr Altoona, WI PURPOSE: GENERAL OPERATING NEEDS | $1,000,000 |
Endowment Analysis
| Beg. Balance | $922 |
| Ending Balance | $922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Near North Montessori School Chicago, IL | $38,573,944 | $16,517,378 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Zeeland Christian School Zeeland, MI | $19,623,288 | $11,238,716 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Morgan Park Academy Chicago, IL | $7,353,923 | $9,629,614 |
Kalamazoo Christian School Association Kalamazoo, MI | $19,698,055 | $12,128,711 |
Elgin Academy Elgin, IL | $16,000,808 | $8,213,882 |