Ad Fontes Ducational Trust
- Assets
- $1.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 53
- Location
- Centreville, VA
- Founding
- 11/1998
- Data as of
- 06/2021
- EIN
- 54-1780628
Organization Overview
Ad Fontes Ducational Trust, operating under the name Ad Fontes Academy, is located in Centreville, VA. The organization was established in 1998. 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, Ad Fontes Academy employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ad Fontes 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 06/2021, Ad Fontes Academy generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 2.9% 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
SUPPORT FOR CHRISTIAN BASED EDUCATION PROGRAMS. PROVIDE A SCHOOL FOR CHRISTIAN BASED EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHRISTIAN BASED EDUCATION PROGRAMS, INCLUDING OPERATION OF A K-12 SCHOOL, WHICH PROVIDED A CHRISTIAN BASED EDUCATION TO 217 STUDENTS FOR THE 2020/2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Luckenbaugh President | OfficerTrustee | 50 | $117,345 |
Sam Cox Trustee | Trustee | 1 | $5,500 |
Richard Leed Treasurer | OfficerTrustee | 3 | $0 |
Rob Ball Vice Chair | OfficerTrustee | 3 | $0 |
Sarah Mouton Chairman | OfficerTrustee | 3 | $0 |
Jennifer Elkhouri Past Chairman | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $291,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,393 |
| Noncash contributions included in lines 1a–1f | $16,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,393 |
| Total Program Service Revenue | $2,596,211 |
| 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 | $3,222,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $432,496 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,860 |
| Compensation of current officers, directors, key employees. | $84,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,260,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,734 |
| Payroll taxes | $105,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,073 |
| Fees for services: Accounting | $5,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,370 |
| Advertising and promotion | $24,605 |
| Office expenses | $99,516 |
| Information technology | $3,845 |
| Royalties | $0 |
| Occupancy | $236,267 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,513 |
| Interest | $30,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,989 |
| Insurance | $20,166 |
| All other expenses | $63,697 |
| Total functional expenses | $2,779,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,784 |
| 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 | $922,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,932 |
| Other assets | $0 |
| Total assets | $1,304,412 |
| Accounts payable and accrued expenses | $11,752 |
| 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 | $20,501 |
| Secured mortgages and notes payable | $103,037 |
| Unsecured mortgages and notes payable | $284,517 |
| Other liabilities | $636,700 |
| Total liabilities | $1,056,507 |
| Net assets without donor restrictions | $247,905 |
| 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 | $1,304,412 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ad Fontes Ducational Trust has recieved totaling $12,968.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $468 |
Renewanation Roanoke, VA PURPOSE: 67299 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Saint James School Inc Hagerstown, MD | $77,226,869 | $20,561,499 |