Crestview Academy Inc
- Assets
- $25.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 45
- Location
- Eau Claire, WI
- Founding
- 08/1999
- Data as of
- 06/2023
- 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 06/2023, Crestview Academy Inc employed 45 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 06/2023, Crestview Academy Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
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 2022-2023 FISCAL YEAR AND SCHOOL YEAR, CRESTVIEW ACADEMY, INC. OPERATED A SCHOOL THAT PROVIDED EDUCATION TO 179 STUDENTS COMING FROM 104 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Waldhart-Larsen President | OfficerTrustee | 15 | $0 |
Arnie Prokott School Manager | OfficerTrustee | 40 | $74,885 |
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 | $1,200,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,919 |
| Total Program Service Revenue | $706,715 |
| Investment income | $587,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$755,212 |
| Net Income from Fundraising Events | $14,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,761,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $93,492 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,762 |
| Compensation of current officers, directors, key employees. | $62,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $818,824 |
| Pension plan accruals and contributions | $1,063 |
| Other employee benefits | $63,074 |
| Payroll taxes | $70,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,954 |
| Fees for services: Other | $140,245 |
| Advertising and promotion | $14,551 |
| Office expenses | $22,140 |
| Information technology | $20,242 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,401 |
| 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 | $159,790 |
| Insurance | $19,652 |
| All other expenses | $8,742 |
| Total functional expenses | $2,026,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102 |
| Savings and temporary cash investments | $127,526 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,468 |
| Prepaid expenses and deferred charges | $5,159 |
| Net Land, buildings, and equipment | $2,327,453 |
| Investments—publicly traded securities | $22,869,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,358,146 |
| Accounts payable and accrued expenses | $102,315 |
| 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 | $41,688 |
| Total liabilities | $144,003 |
| Net assets without donor restrictions | $25,213,221 |
| 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 | $25,358,146 |