Charis Classical Academy Incorporated
- Assets
- $616.5k
- Revenue
- $593.4k
- Investments
- $0.0
- Employees
- 39
- Location
- Madison, WI
- Founding
- 04/2013
- Data as of
- 06/2021
- EIN
- 45-2800737
Organization Overview
Charis Classical Academy Incorporated is located in Madison, WI. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Charis Classical Academy Incorporated employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charis Classical Academy Incorporated 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, Charis Classical Academy Incorporated generated $593.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $412.4k during the year ending 06/2021. While expenses have increased by 20.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARIS CLASSICAL ACADEMY PROVIDES A GOSPEL BASED, CLASSICAL EDUCTION EXPERIENCE TO STUDENTS THAT IS BASED ON THE CURRICULM DEVELOPED BY CHARLOTTE MASON AND WHICH INCORPORATES THE UNIVERSITY MODEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARIS CLASSICAL ACADEMY PROVIDES A GOSPEL BASED, CLASSICAL EDUCTION EXPERIENCE TO STUDENTS THAT IS BASED ON THE CURRICULM DEVELOPED BY CHARLOTTE MASON AND WHICH INCORPORATES THE UNIVERSITY MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Tucci Director | Trustee | 0 | $0 |
Kim Nielson Director | Trustee | 0 | $0 |
Zach Nielson Vice President | Trustee | 0 | $0 |
Katie Tuck Treasurer | Trustee | 0 | $0 |
Jay Tuck Director | Trustee | 0 | $0 |
Jeff Larson President | Trustee | 0 | $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 | $122,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,027 |
| Total Program Service Revenue | $467,644 |
| Investment income | $22 |
| 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 | $593,376 |
| 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 | $322,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,103 |
| Office expenses | $7,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,914 |
| 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 | $0 |
| Insurance | $5,312 |
| All other expenses | $1,644 |
| Total functional expenses | $412,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,441 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,071 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $616,512 |
| Accounts payable and accrued expenses | $0 |
| 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 | $60,000 |
| Other liabilities | $432,774 |
| Total liabilities | $492,774 |
| Net assets without donor restrictions | $36,801 |
| Net assets with donor restrictions | $86,937 |
| 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 | $616,512 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charis Classical Academy Incorporated has recieved totaling $8,200.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cranbrook Educational Community Bloomfield Hills, MI | $429,134,973 | $86,571,216 |
Youth Connection Charter School Chicago, IL | $19,677,483 | $57,450,809 |
Blake School Hopkins, MN | $191,397,009 | $55,181,768 |
Latin School Of Chicago Chicago, IL | $156,636,530 | $50,037,538 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |