Wake Christian Academy Inc
- Assets
- $14.8m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 219
- Location
- Raleigh, NC
- Founding
- 03/1966
- Data as of
- 06/2024
- EIN
- 56-0862396
Organization Overview
Wake Christian Academy Inc is located in Raleigh, NC. The organization was established in 1966. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Wake Christian Academy Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake Christian 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 06/2024, Wake Christian Academy Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $9.9m during the year ending 06/2024. While expenses have increased by 5.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WAKE CHRISTIAN ACADEMY, INC. IS A SCHOOL WHOSE MISSION 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAKE CHRISTIAN ACADEMY, INC. AN EDUCATIONAL INSTITUTION, PROVIDED QUALITY, CHRIST-CENTERED EDUCATION FOR STUDENTS IN THE WAKE COUNTY/RALEIGH AREA (KINDERGARTEN THROUGH GRADE 12). THE ENROLLMENT FOR THE YEAR WAS 925 AS OF SEPTEMBER 1, 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Woods Executive Se | OfficerTrustee | 40 | $151,645 |
Brent Gore 1st Vice Pre | OfficerTrustee | $0 | |
Charles Jones Director | Trustee | $0 | |
Mike Larsen 2nd Vice Pre | OfficerTrustee | $0 | |
Michael Luethy Director | Trustee | $0 | |
Dr Barrett Martin Director | Trustee | $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 | $824,780 |
| Noncash contributions included in lines 1a–1f | $21,248 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $824,780 |
| Total Program Service Revenue | $10,050,453 |
| Investment income | $305,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,965 |
| Net Gain/Loss on Asset Sales | -$32,714 |
| Net Income from Fundraising Events | $28,325 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,189,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $218,686 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,519 |
| Compensation of current officers, directors, key employees. | $12,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,226,673 |
| Pension plan accruals and contributions | $61,202 |
| Other employee benefits | $556,388 |
| Payroll taxes | $346,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,881 |
| Office expenses | $51,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $49,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,386 |
| Interest | $7,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378,658 |
| Insurance | $90,201 |
| All other expenses | $1,298,540 |
| Total functional expenses | $9,868,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,310 |
| Savings and temporary cash investments | $4,044,618 |
| 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 | $5,530,612 |
| Investments—publicly traded securities | $4,391,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $417 |
| Other assets | $80,821 |
| Total assets | $14,804,114 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $187,848 |
| Total liabilities | $187,848 |
| Net assets without donor restrictions | $14,364,334 |
| Net assets with donor restrictions | $251,932 |
| 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 | $14,804,114 |