Asheville Christian Academy Inc
- Assets
- $24.2m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 228
- Location
- Swannanoa, NC
- Founding
- 01/1968
- Data as of
- 06/2022
- EIN
- 56-0889168
Organization Overview
Asheville Christian Academy Inc is located in Swannanoa, NC. The organization was established in 1968. 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 06/2022, Asheville Christian Academy Inc employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville 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 06/2022, Asheville Christian Academy Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 7.4% 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
OPERATION OF PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION AND EDUCATIONAL ACTIVITIES FOR STUDENTS FROM PRESCHOOL TO 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Alston Board Member | Trustee | 5 | $0 |
Nikki Barrett Secretary | OfficerTrustee | 5 | $0 |
Joshua Bradshaw Chair | OfficerTrustee | 5 | $0 |
Mike Ciochina Vice Chair | OfficerTrustee | 5 | $0 |
Brian Courcelle Treasurer | OfficerTrustee | 5 | $0 |
Claude Dicks Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buchanan Construction Llc Construction | 6/29/22 | $1,559,646 |
Redefine Facility Cleaning Cleaning | 6/29/22 | $166,960 |
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 | $930,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,545 |
| Total Program Service Revenue | $8,951,343 |
| Investment income | -$33,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,206 |
| Net Gain/Loss on Asset Sales | -$2,632 |
| Net Income from Fundraising Events | $171,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,533,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,178,898 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $235,364 |
| Compensation of current officers, directors, key employees. | $118,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,493,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,262,839 |
| Payroll taxes | $349,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,287 |
| Advertising and promotion | $56,536 |
| Office expenses | $32,701 |
| Information technology | $50,680 |
| Royalties | $0 |
| Occupancy | $213,282 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $816,017 |
| Insurance | $95,093 |
| All other expenses | $1,010,062 |
| Total functional expenses | $11,033,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,587 |
| Savings and temporary cash investments | $146,408 |
| Pledges and grants receivable | $876,078 |
| Accounts receivable, net | $3,743,701 |
| 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 | $5,060 |
| Net Land, buildings, and equipment | $18,311,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $358,429 |
| Total assets | $24,231,581 |
| Accounts payable and accrued expenses | $682,505 |
| Grants payable | $0 |
| Deferred revenue | $4,140,579 |
| 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 | $2,915,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $281,005 |
| Total liabilities | $8,019,344 |
| Net assets without donor restrictions | $14,980,152 |
| Net assets with donor restrictions | $1,232,085 |
| 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 | $24,231,581 |