Acsi Children Education Fund Inc
- Assets
- $5.9m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 01/2016
- Data as of
- 09/2022
- EIN
- 47-4074093
Organization Overview
Acsi Children Education Fund Inc is located in Colorado Springs, CO. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acsi Children Education Fund 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 09/2022, Acsi Children Education Fund Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.1% each year . All expenses for the organization totaled $9.9m during the year ending 09/2022. While expenses have increased by 59.1% 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
SUPPORT EDUCATIONAL PROGRAMS THAT PROVIDE A CHRIST-CENTERED EDUCATION FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO ELIGIBLE STUDENTS FOR QUALIFIED EDUCATIONAL EXPENSES INCURRED IN ATTENDING ELIGIBLE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr D Merle Skinner Board Chair | OfficerTrustee | 1 | $0 |
Kevin Buelke CFO | Officer | 1 | $0 |
James Elliott Executive Director | Officer | 40 | $0 |
Steve Dill Board Member | Trustee | 1 | $0 |
Dr Todd Marah Board Member | Trustee | 1 | $0 |
Dr Nate Johnson 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 | $9,771,787 |
| Noncash contributions included in lines 1a–1f | $630,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,771,787 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $9,771,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,300,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,574 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,965 |
| Pension plan accruals and contributions | $4,861 |
| Other employee benefits | $71,761 |
| Payroll taxes | $20,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,282 |
| Information technology | $40,560 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,542 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,859,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,537,899 |
| Savings and temporary cash investments | $1,389,719 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,927,618 |
| Accounts payable and accrued expenses | $30 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,389,719 |
| 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 | $4,191,871 |
| Total liabilities | $5,581,620 |
| Net assets without donor restrictions | $190,853 |
| Net assets with donor restrictions | $155,145 |
| 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 | $5,927,618 |
Grants Awarded
Over the last fiscal year, Acsi Children Education Fund Inc has awarded $353,575 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Lynchburg, VA PURPOSE: General support | $237,500 |
Barrington, RI PURPOSE: General support | $27,750 |
MOUNT CALVARY CHRISTIAN SCHOOL PURPOSE: General support | $23,750 |
PURPOSE: General support | $18,500 |
Newtown Square, PA PURPOSE: General support | $15,675 |
Philadelphia, PA PURPOSE: General support | $15,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Acsi Children Education Fund Inc has recieved totaling $17,488.
| Awarding Organization | Amount |
|---|---|
Acsi Education Foundation Colorado Springs, CO PURPOSE: Program Support | $17,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Of Northeast Kansas Inc Overland Park, KS | $7,644,669 | $19,984,016 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |
Lutheran Social Service Of Colorado Denver, CO | $5,962,454 | $15,365,278 |
Community Action Partnership Of Western Nebraska Gering, NE | $9,588,655 | $16,478,240 |
Springs Rescue Mission Colorado Springs, CO | $31,987,064 | $16,020,528 |
Blue Valley Community Action Inc Fairbury, NE | $9,711,299 | $13,458,848 |
Community Action Resource & Development Inc Claremore, OK | $9,458,062 | $13,145,718 |
Help-New Mexico Inc Albuquerque, NM | $3,897,481 | $13,740,956 |
Friends Of Switchpoint Inc St George, UT | $11,977,963 | $16,354,391 |