Hickory Christian Academy
- Assets
- $3.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Hickory, NC
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 56-1932672
Organization Overview
Hickory Christian Academy is located in Hickory, NC. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Christian 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 06/2022, Hickory Christian Academy generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FOR GRADES K THRU 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A CHRISTIAN EDUCATION TO STUDENTS OFFERING A BACK TO BASICS CURRICULUM THAT CHALLENGES & PROVIDES A SAFE ENVIRONMENT FOR CHILDREN. TUITION IS HELD AT A MINIMUM TO MAKE THIS EDUCATION AFFORDABLE TO ALL FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Query Chairman | OfficerTrustee | 2 | $0 |
Matt Crouse Vice Chair | OfficerTrustee | 2 | $0 |
Richard Dowdy Secretary | OfficerTrustee | 2 | $0 |
Nicki Walls Board Of Directors | Trustee | 2 | $0 |
Kirk Whitfield Board Of Directors | Trustee | 2 | $0 |
Maria Massey Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,068 |
| Investment income | $13,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,383 |
| Net Income from Fundraising Events | $4,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,992 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,249,783 |
| Statement of Expenses | |
|---|---|
| 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. | $118,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,113,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $209,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,093 |
| Office expenses | $35,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,511 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,732 |
| Insurance | $52,949 |
| All other expenses | $0 |
| Total functional expenses | $3,369,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $929 |
| Prepaid expenses and deferred charges | $88,642 |
| Investments—publicly traded securities | $162,377 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,555,312 |
| Accounts payable and accrued expenses | $34,037 |
| Grants payable | $0 |
| Deferred revenue | $286,537 |
| 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 | $0 |
| Total liabilities | $320,574 |
| Net assets without donor restrictions | $3,096,576 |
| Net assets with donor restrictions | $138,162 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,234,738 |