Living Rock Academy
- Assets
- $3.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 93
- Location
- Bulverde, TX
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 47-3950308
Organization Overview
Living Rock Academy is located in Bulverde, TX. The organization was established in 2016. 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 06/2022, Living Rock Academy employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Rock 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, Living Rock Academy generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 5.3% 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 STUDENTS WITH CHALLENGING, INNOVATIVE AND CHRIST CENTERED EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Cumming Chairperson | Trustee | $0 | |
April Enochs Trustee/dire | Trustee | $0 | |
Kristen Kent Co Chair | Trustee | $0 | |
Todd Peirsol Trustee/dire | Trustee | $0 | |
David Vasquez Trustee/dire | Trustee | $0 | |
Judy Watters Trustee/dire | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,106 |
| Total Program Service Revenue | $1,594,616 |
| Investment income | $1,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,245,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $117,251 |
| 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 | $939,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $75,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,824 |
| Office expenses | $16,648 |
| Information technology | $21,158 |
| Royalties | $0 |
| Occupancy | $9,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,287 |
| Insurance | $32,246 |
| All other expenses | $73,865 |
| Total functional expenses | $1,672,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $935,273 |
| 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 | $4,743 |
| Net Land, buildings, and equipment | $1,742,781 |
| Investments—publicly traded securities | $5,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,092,177 |
| Accounts payable and accrued expenses | $22,240 |
| 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 | $481,200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $966,768 |
| Total liabilities | $1,470,208 |
| Net assets without donor restrictions | $1,621,969 |
| 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 | $3,092,177 |