Rockbridge Academy Inc
- Assets
- $9.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 135
- Location
- Crownsville, MD
- Founding
- 09/1996
- Data as of
- 06/2023
- EIN
- 52-1937967
Organization Overview
Rockbridge Academy Inc is located in Crownsville, MD. The organization was established in 1996. 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, Rockbridge Academy Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockbridge 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, Rockbridge Academy Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.4m during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 8 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
CLASSICAL CHRISTIAN SCHOOL EDUCATING CHILDREN FROM KINDERGARTEN THROUGH GRADE TWELVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL THAT CLOSELY ADHERES TO THE STATEMENT OF FAITH AND PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Griffith Headmaster | Officer | 40 | $122,839 |
Stephen Kaiss Vice Chairman | OfficerTrustee | 10 | $0 |
Ken Trovato Chairman | OfficerTrustee | 10 | $0 |
Justin Horst Secretary | Trustee | 10 | $0 |
Greg Schrader Director | Trustee | 10 | $0 |
Edward Atsinger Director | Trustee | 10 | $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 | $148,537 |
| Noncash contributions included in lines 1a–1f | $16,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,537 |
| Total Program Service Revenue | $5,042,059 |
| Investment income | $48,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,222 |
| Net Gain/Loss on Asset Sales | $12,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,412,575 |
| 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. | $153,513 |
| Compensation of current officers, directors, key employees. | $135,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,811,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $422,990 |
| Payroll taxes | $220,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $36,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,434 |
| Insurance | $45,651 |
| All other expenses | $261,736 |
| Total functional expenses | $5,446,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,761,708 |
| Savings and temporary cash investments | $41,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,065 |
| 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 | $19,852 |
| Net Land, buildings, and equipment | $7,890,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $9,766,897 |
| Accounts payable and accrued expenses | $178,471 |
| Grants payable | $0 |
| Deferred revenue | $550,244 |
| 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 | $4,869,931 |
| Total liabilities | $5,598,646 |
| Net assets without donor restrictions | $4,147,187 |
| Net assets with donor restrictions | $21,064 |
| 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 | $9,766,897 |