Foundation Christian Academy Inc
- Assets
- $7.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 67
- Location
- Valrico, FL
- Founding
- 12/2004
- Data as of
- 07/2022
- EIN
- 59-3128048
Organization Overview
Foundation Christian Academy Inc is located in Valrico, FL. The organization was established in 2004. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2022, Foundation Christian Academy Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 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 07/2022, Foundation Christian Academy Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.9m during the year ending 07/2022. While expenses have increased by 8.2% 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
PROVIDING A FIRM FOUNDATION OF QUALITY EDUCATIONAL EXPERIENCES FOCUSED ON ACADEMIC EXCELLENCE, COMMUNITY SERVICE, AND CIVIC RESPONSIBILITY IN A SAFE, NUTURING CHRISTIAN ENVIRONMENT FOR PRESCHOOL THROUGH 12TH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN BASED EDUCATION FOR PRESCHOOL THROUGH 12TH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth W Franklin Jr President | Officer | 10 | $0 |
Jaye Trovillion Secretary/tr | Officer | 10 | $0 |
Ken Ward Trustee | Trustee | 1 | $0 |
Patrick Ryan Killeen Trustee | Trustee | 1 | $0 |
Harrison Cowan Trustee | Trustee | 1 | $0 |
Lori Mikula Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,567 |
| Total Program Service Revenue | $4,007,488 |
| Investment income | $7,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,678 |
| Net Income from Fundraising Events | $41,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,130,781 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,986,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,759 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $593 |
| Office expenses | $81,171 |
| Information technology | $37,696 |
| Royalties | $0 |
| Occupancy | $60,796 |
| Travel | $3,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,825 |
| Insurance | $88,018 |
| All other expenses | $131,165 |
| Total functional expenses | $2,856,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,291,725 |
| Savings and temporary cash investments | $96,633 |
| 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 | $3,695,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,083,560 |
| 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 | $1,169,785 |
| Other liabilities | $0 |
| Total liabilities | $1,169,785 |
| Net assets without donor restrictions | $5,892,530 |
| Net assets with donor restrictions | $21,245 |
| 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 | $7,083,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Christian Academy Inc has recieved totaling $804.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Sumter County Opportunities Inc Livingston, AL | $567,206 | $6,863,023 |
Kids Community College Charter School Inc Riverview, FL | $7,872,598 | $5,385,962 |
North Florida Child Development Inc Wewahitchka, FL | $5,676,621 | $4,866,266 |
John Milledge Academy Inc Milledgeville, GA | $6,442,412 | $5,275,141 |
Arbor Montessori School Inc Decatur, GA | $12,591,024 | $5,054,396 |