Heartland Christian Academy Inc
- Assets
- $189.8k
- Revenue
- $492.6k
- Investments
- $40.4k
- Employees
- 39
- Location
- Bemidji, MN
- Founding
- 12/1981
- Data as of
- 06/2022
- EIN
- 41-1382641
Organization Overview
Heartland Christian Academy Inc is located in Bemidji, MN. The organization was established in 1981. 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 06/2022, Heartland Christian Academy Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland 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 06/2022, Heartland Christian Academy Inc generated $492.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $544.9k during the year ending 06/2022. While expenses have increased by 14.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION FOR STUDENTS FOR GRADES PREKINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION FOR PRESCHOOL THROUGH TWELFTH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Steele Chairperson | OfficerTrustee | 3 | $0 |
Seth Vandyke Director Of Operations | OfficerTrustee | 40 | $0 |
Erin Folland Secretary | OfficerTrustee | 1 | $0 |
Jerry Vaughn Vice Chair | OfficerTrustee | 2 | $0 |
Paul Bishop Treasurer | OfficerTrustee | 1 | $0 |
Dan Starkenburg Board Member | Trustee | 1 | $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 | $51,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,225 |
| Total Program Service Revenue | $393,214 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,000 |
| Net Income from Fundraising Events | $27,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,553 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,606 |
| Fees for services: Accounting | $7,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,587 |
| Advertising and promotion | $3,345 |
| Office expenses | $314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,845 |
| Travel | $29 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,905 |
| Insurance | $9,323 |
| All other expenses | $6,366 |
| Total functional expenses | $544,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,732 |
| Savings and temporary cash investments | $46,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,532 |
| 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 | $6,869 |
| Net Land, buildings, and equipment | $62,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,829 |
| Accounts payable and accrued expenses | $4,140 |
| 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 | $79,294 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $83,434 |
| Net assets without donor restrictions | $65,990 |
| Net assets with donor restrictions | $40,405 |
| 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 | $189,829 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heartland Christian Academy Inc has recieved totaling $121.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Endowment Analysis
| Beg. Balance | $45,144 |
| Earnings | -$4,120 |
| Admin Expense | $619 |
| Ending Balance | $40,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mc Preparatory School Of Wisconsin Inc Milwaukee, WI | $32,218,906 | $24,578,371 |
Community School Of Excellence St Paul, MN | $17,352,647 | $27,516,288 |
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 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |