North Raleigh Christian Academy
- Assets
- $50.6m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 226
- Location
- Raleigh, NC
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 56-1975907
Organization Overview
North Raleigh Christian Academy is located in Raleigh, NC. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, North Raleigh Christian Academy employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Raleigh 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, North Raleigh Christian Academy generated $15.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $14.4m during the year ending 06/2022. While expenses have increased by 1.0% 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
NRCA IS A COMMUNITY CHRISTIAN SCHOOL ASSISTING FAMILIES BY PROVIDING EXCELLENCE IN ACADEMICS, FINE ARTS, AND ATHLETICS WHILE INSTILLING BIBLICAL PRINCIPLES IN STUDENTS' LIVES THAT THEY MIGHT IMPACT THEIR SOCIETY FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NRCA IS A LEARNING INSTITUTION FOR THOSE SEEKING A CHRIST-CENTERED PLACE OF EXCELLENCE IN ACADEMICS, FINE ARTS AND ATHLETICS. THE LOVING AND CARING ENVIRONMENT NURTURES STUDENTS IN SPIRITUAL AND ACADEMIC DISCIPLINES SO THEY CAN LAUNCH INTO ADULT LIFE EQUIPPED WITH GODLY CHARACTER, ACADEMIC PREPAREDNESS AND LIFE SKILLS. OUR EXPECTED STUDENT OUTCOMES OF SPIRITUAL FORMATION, WORLDVIEW ORIENTATION, ACADEMIC THINKING, AND SKILLS DEVELOPMENT ARE INTEGRATED TO FULFILL THE SPIRITUAL AND ACADEMIC GOALS OF NRCA. OUR MISSION IS NOT ONLY TO TEACH STUDENTS HOW TO MAKE A LIVING (ACADEMIC THINKING AND SKILLS DEVELOPMENT) BUT HOW TO MAKE A LIFE (SPIRITUAL FORMATION AND WORLDVIEW ORIENTATION). IN ADDITION TO ACADEMICS STUDENTS, PARTICIPATE IN ATHLETICS, FINE ARTS (ART, CHOIR, DANCE DRAMA, BAND), SOCIAL ACTIVITIES AND AFTERCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Mathes Superintendent | Officer | 40 | $155,821 |
Richard Corey Director Of Finance | Officer | 40 | $143,985 |
Danny Watkins High School Principal | 40 | $119,956 | |
Doug Penny Technology Director | 40 | $105,684 | |
Craig Jonkers Secretary | OfficerTrustee | 8 | $0 |
Ray Kirk Treasurer | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Property Maintenance Janitorial, Paper, Repair & Maint | 6/29/19 | $494,222 |
Massmutual 403b | 6/29/19 | $376,598 |
Grassmasters Landscaping & Irrigation | 6/29/19 | $281,552 |
Josten's Yearbook | 6/29/19 | $106,512 |
Joshua Expeditions Student Travel | 6/29/19 | $299,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,747 |
| Related organizations | $0 |
| Government grants | $379,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $840,666 |
| Total Program Service Revenue | $14,778,762 |
| Investment income | $3,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $285,884 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,888,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $370,030 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,118 |
| Compensation of current officers, directors, key employees. | $73,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,590,391 |
| Pension plan accruals and contributions | $315,752 |
| Other employee benefits | $952,805 |
| Payroll taxes | $468,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $30,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,137 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,569 |
| Advertising and promotion | $18,955 |
| Office expenses | $158,196 |
| Information technology | $116,470 |
| Royalties | $0 |
| Occupancy | $584,919 |
| Travel | $51,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,863,009 |
| Insurance | $96,464 |
| All other expenses | $276,140 |
| Total functional expenses | $14,426,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,469,509 |
| Savings and temporary cash investments | $11,309,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $664,083 |
| 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 | $320,433 |
| Net Land, buildings, and equipment | $29,757,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,313 |
| Total assets | $50,620,236 |
| Accounts payable and accrued expenses | $1,092,568 |
| Grants payable | $0 |
| Deferred revenue | $7,334,095 |
| 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 | $420,635 |
| Total liabilities | $8,847,298 |
| Net assets without donor restrictions | $41,610,811 |
| Net assets with donor restrictions | $162,127 |
| 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 | $50,620,236 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that North Raleigh Christian Academy has recieved totaling $53,634.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $13,480 |
Bonner Family Private Foundation Inc Lexington, SC PURPOSE: GENERAL USE | $10,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,500 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $5,000 |
Bodford Family Foundation Greensboro, NC PURPOSE: ASSISTANCE WITH EDUCATIONAL ACTIVITIES. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
South Carolina Connections Academy Inc Columbia, SC | $14,632,201 | $47,709,935 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
South Carolina Learns Greenville, SC | $20,739,195 | $35,702,373 |
South Carolina Virtual Charter School West Columbia, SC | $14,646,057 | $37,851,009 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |