Wake Christian Academy Inc

The information for Wake Christian Academy Inc is as of the organization's most recent filing in June '22. This organization is located in Raleigh, NC. It has been in existence for 56 years, following its founding in 1966.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Wake Christian Academy Inc's NTEE code is B24. The "B" tells us that the organization is classified along with Education. The "24" tells us that the organization is classified as Primary & Elementary Schools. According to the NTEE description, Primary & Elementary Schools are schools classified as elementary by state and local practice and composed of any span of grades not above grade eight, including preschools and kindergartens if they are an integral part of an elementary school or a regularly established school system. Wake Christian Academy Inc is a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work, according to the IRS. The mission of Wake Christian Academy Inc is to partner with the Christian home and the church to provide a Christ-centered, quality education and to proclaim the good news of Jesus Christ.

Program Areas

Wake Christian Academy, Inc. is an educational institution that offers a quality, Christ-centered education to students in the Wake County/Raleigh area from kindergarten through grade 12. The organization operates within the general fund, reporting all revenues, support, and functional expenses that are not specifically reported by another fund or program. As of September 1, 2021, the academy had an enrollment of 904 students.

Organization Staffing

Wake Christian Academy Inc has 201 employees, with one employee being paid over $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 75 volunteers.

Board Governance

Wake Christian Academy Inc appears to be well-governed based on the information provided. The organization has 9 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the integrity of the organization's governance. The fact that the organization has not delegated management to an outside firm suggests that the board maintains direct control and oversight over the operations and decision-making processes. This can contribute to a more efficient and transparent governance structure. The documentation of board and committee meetings indicates a commitment to transparency and accountability. This ensures that decisions and discussions are well-documented and can be reviewed by relevant stakeholders. The presence of a conflict of interest policy and a requirement for disclosure of conflicts demonstrates the organization's commitment to ethical practices and mitigating potential conflicts. Additionally, the organization's written whistleblower policy and document retention policy further enhance its governance practices. These policies provide avenues for reporting and addressing any potential misconduct or violations, while also ensuring the proper retention of important organizational documents. The substantiation and review of leadership and officer salaries, along with the provision of copies of the 990 to the board prior to filing, indicate a commitment to financial transparency and accountability. This ensures that the board is aware of and can review the organization's financial activities before they are reported to the public. Overall, Wake Christian Academy Inc demonstrates strong governance practices, with a focus on transparency, accountability, and ethical decision-making.

Organization Growth

Wake Christian Academy Inc has experienced growth over the given time period. Contributions & Grants Received, Program Service Revenue, Total Revenue, Grants Paid, Employee Salaries, and Total Expenses all increased from 2014 to 2021. This indicates that the organization has been able to secure more funding and generate more revenue through its programs and services. However, there was a decrease in Investment Income and Other Revenue, which may be areas of improvement for the organization. Additionally, the number of Total Employees and Total Volunteers decreased during this time period, suggesting a potential change in staffing and volunteer dynamics within the organization. Overall, the financial indicators show growth for Wake Christian Academy Inc, but there may be other factors to consider in assessing its overall progress.