Redeemer Classical Academy Inc
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Murfreesboro, TN
- Founding
- 01/2015
- Data as of
- 06/2023
- EIN
- 46-2960889
Organization Overview
Redeemer Classical Academy Inc is located in Murfreesboro, TN. The organization was established in 2015. 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 06/2023, Redeemer Classical Academy Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redeemer Classical 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, Redeemer Classical Academy Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $776.5k during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN CLASSICAL KINDERGARTEN THROUGH 12TH GRADE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDEEMER CLASSICAL ACADEMY'S MISSION IS TO MENTOR YOUNG PEOPLE TOWARD VIRTUE AS LEARNERS, LEADERS, AND AGENTS OF REDEMPTION FOR GOD'S GLORY BY PROVIDING A TRADITIONAL CLASSICAL EDUCATION WITHIN A RIGOROUS ACADEMIC COURSE OF STUDY AND CHRISTIAN DISCIPLESHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Arnold Treasurer | Trustee | $0 | |
Stan Bennett Director | Trustee | $0 | |
Terry Jolley President | OfficerTrustee | $0 | |
Bonita Jones Director | Trustee | $0 | |
Kristen Mekic Secretary | Trustee | $0 | |
Brent Pierce Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,936 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $845,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,874 |
| Total Program Service Revenue | $448,796 |
| Investment income | $841 |
| 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 | $1,350,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,050 |
| 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 | $406,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,576 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,971 |
| Advertising and promotion | $331 |
| Office expenses | $7,729 |
| Information technology | $5,054 |
| Royalties | $0 |
| Occupancy | $83,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $664 |
| Interest | $26,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,985 |
| Insurance | $10,640 |
| All other expenses | $2,169 |
| Total functional expenses | $776,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,420,695 |
| Investments—publicly traded securities | $5,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,885 |
| Other assets | $249,464 |
| Total assets | $2,283,176 |
| 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 | $0 |
| Other liabilities | $790,949 |
| Total liabilities | $790,949 |
| Net assets without donor restrictions | $1,492,227 |
| Net assets with donor restrictions | $0 |
| 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 | $2,283,176 |