Kings Classical Academy Inc
- Assets
- $16.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 244
- Location
- Woodstock, GA
- Founding
- 06/2000
- Data as of
- 05/2023
- EIN
- 58-2484442
Organization Overview
Kings Classical Academy Inc is located in Woodstock, GA. The organization was established in 2000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Kings Classical Academy Inc employed 244 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Classical 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 05/2023, Kings Classical Academy Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $5.2m during the year ending 05/2023. While expenses have increased by 11.7% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PROVIDED IN A CHRISTIAN BASED, PARENT-INVOLVED, AND CLASSICALLY TRAINED & INSTRUCTED CLASSROOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 EDUCATION PROVIDED IN A CHRISTIAN BASED, PARENT- INVOLVED, AND CLASSICALLY TRAINED & INSTRUCTED CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamey C Wood CFO | OfficerTrustee | 39 | $57,768 |
Allen Wood Director | Trustee | 1 | $0 |
Kristi Brannen Officer | OfficerTrustee | 39 | $56,940 |
Tom Brannen Director | Trustee | 1 | $0 |
Wes Cantrell CEO | OfficerTrustee | 1 | $0 |
Jane Cantrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,984 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,818 |
| Noncash contributions included in lines 1a–1f | $15,137 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,802 |
| Total Program Service Revenue | $5,437,730 |
| Investment income | $12,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,525 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $42,745 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,815,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $154,288 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,722,091 |
| Pension plan accruals and contributions | $174,552 |
| Other employee benefits | $0 |
| Payroll taxes | $225,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $144,179 |
| Information technology | $17,925 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,997 |
| Insurance | $100,681 |
| All other expenses | $608,058 |
| Total functional expenses | $5,203,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,094,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,447,109 |
| 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 | $96,552 |
| Net Land, buildings, and equipment | $7,743,320 |
| Investments—publicly traded securities | $986,202 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,031 |
| Other assets | $166,071 |
| Total assets | $16,543,134 |
| Accounts payable and accrued expenses | $112,144 |
| Grants payable | $0 |
| Deferred revenue | $4,964,811 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $109,907 |
| Secured mortgages and notes payable | $4,253,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,990 |
| Total liabilities | $9,607,548 |
| Net assets without donor restrictions | $6,935,586 |
| Net assets with donor restrictions | $0 |
| 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 | $16,543,134 |