Heritage Classical Academy
- Assets
- $3.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Peninsula, OH
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 42-1568361
Organization Overview
Heritage Classical Academy is located in Peninsula, OH. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Heritage Classical Academy employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Classical 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 06/2022, Heritage Classical Academy generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 32.8% per year over the past 6 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
CLASSICAL CHRISTIAN K-12 SCHOOL WHOSE MISSION IS TO CULTIVATE LIFE-LONG LEARNERS WHO THINK AND LIVE FOR CHRIST
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OHERITAGE CLASSICAL ACADEMY EXISTS TO EQUIP STUDENTS TO THINK AND LIVE FOR THE GLORY OF JESUS CHRIST. HCA OFFERS TWO DISTINC TRACKS TO SERVE OUR FAMILIES. AT THE ACADEMY, STUDENTS ATTEND CLASSES ON A TRADITIONAL FIVE DAYS PER WEEK SCHEDULE. AT THE STUDY CENTER, WE PARTNER WITH HOMESCHOOL FAMILIES TWO DAYS PER WEEK TO SUPPORT THEIR EFFORTS. IN PARTNERSHIP WITH PARENTS AND GUIDED BY THE SCRIPTURES, WE STRIVE TO EDUCATE STUDENTS IN THE CLASSICAL TRADITIONS, SO THAT THEY MAY GROW IN KNOWLEDGE, WISDOM, AND LOVE OF OUR LORD JESUS CHRIST. WE HOPE TO ENCOURAGE OUR STUDENTS TO USE THEIR GIFTS IN THE SERVICE OF OTHERS, FOR THE GLORY OF CHRIST AND HIS CHURCH. LOCATED ON 2 CAMPUSES (PENINSULA AND BAINBRIDGE) HCA HAS BEEN IN PARTNERSHIP WITH FAMILIES SINCE 2003 TO PROVIDE CHRIST-CENTERED AND CLASSICAL TEACHING. WE OFFER CLASSES IN PHONICS, READING, GRAMMAR, COMPOSITION, LITERATURE, LATIN, HISTORY, LOGIC, MATH, PRE-ALGEBRA, ALGEBRA I, AND SCIENCE FOR STUDENTS IN GRADE K-10TH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Nees Head Of School | OfficerTrustee | 45 | $107,781 |
Lance Hutt Chair, Trustee | OfficerTrustee | 1 | $0 |
John Lurtz Vice Chairman, Trustee | OfficerTrustee | 1 | $0 |
Kevin Folger Treasurer, Trustee | OfficerTrustee | 1 | $0 |
Sam Wilsey Secretary, Trustee | OfficerTrustee | 1 | $0 |
Pat Presley Trustee | 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 | $668,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,139 |
| Total Program Service Revenue | $2,909,516 |
| Investment income | $167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,599,401 |
| 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. | $114,847 |
| Compensation of current officers, directors, key employees. | $915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,347,284 |
| Pension plan accruals and contributions | $10,383 |
| Other employee benefits | $26,600 |
| Payroll taxes | $146,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,424 |
| Advertising and promotion | $55,761 |
| Office expenses | $441,591 |
| Information technology | $44,736 |
| Royalties | $0 |
| Occupancy | $161,519 |
| Travel | $0 |
| 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 | $64,029 |
| Insurance | $0 |
| All other expenses | $168,196 |
| Total functional expenses | $3,079,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,828 |
| Savings and temporary cash investments | $1,283,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $874 |
| 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 | $3,713 |
| Net Land, buildings, and equipment | $1,876,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,596,341 |
| Accounts payable and accrued expenses | $134,953 |
| 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 | $0 |
| Total liabilities | $134,953 |
| Net assets without donor restrictions | $3,178,113 |
| Net assets with donor restrictions | $283,275 |
| 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 | $3,596,341 |