Christian Academy Of Louisville Inc
- Assets
- $32.3m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 596
- Location
- Louisville, KY
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 61-0907309
Organization Overview
Christian Academy Of Louisville Inc is located in Louisville, KY. The organization was established in 2004. 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 06/2023, Christian Academy Of Louisville Inc employed 596 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Christian Academy Of Louisville 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 06/2023, Christian Academy Of Louisville Inc generated $28.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $28.4m during the year ending 06/2023. While expenses have increased by 2.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE EDUCATIONAL INSTITUTION FOR GRADES K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN ACADEMY OF LOUISVILLE, INC. IS A NONPROFIT RELIGIOUS/EDUCATIONAL ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE. THE SCHOOL HOLDS A DISTINCTIVE PLACE AMONG EDUCATIONAL INSTITUTIONS IN THE KENTUCKIANA AREA BY PROVIDING A HIGH QUALITY, CHRISTIAN EDUCATION FOR GRADES PRESCHOOL THROUGH HIGH SCHOOL. THE SCHOOL SEEKS TO PROVIDE A TRADITIONAL EDUCATION IN A CHRIST-CENTERED ENVIRONMENT, OR "EDUCATION WITH A HIGHER PURPOSE". IN 2022-23 THE SCHOOL OPERATED TWO CAMPUSES IN KENTUCKY WITH 2,112 STUDENTS IN GRADES PRESCHOOL THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Janitorial Cleaning Systems Janitorial Cleaning | 6/29/23 | $538,589 |
Amstar Inc Construction Services | 6/29/23 | $262,964 |
Striegel Asphalt Co Inc Asphalt Paving | 6/29/23 | $360,550 |
Magical Memories Tours Travel Trip Planning | 6/29/23 | $317,815 |
Miller Transportation Bus Services | 6/29/23 | $196,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,436 |
| Related organizations | $486,853 |
| Government grants | $5,858 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,147 |
| Total Program Service Revenue | $27,829,351 |
| Investment income | $100,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,680 |
| Net Income from Fundraising Events | $144,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,638,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,654 |
| Grants and other assistance to domestic individuals. | $2,105,367 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $535,561 |
| Compensation of current officers, directors, key employees. | $535,561 |
| Compensation to disqualified persons | $144,873 |
| Other salaries and wages | $12,852,536 |
| Pension plan accruals and contributions | $134,643 |
| Other employee benefits | $2,117,210 |
| Payroll taxes | $957,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,474 |
| Fees for services: Accounting | $41,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,033 |
| Advertising and promotion | $100,644 |
| Office expenses | $323,866 |
| Information technology | $619,793 |
| Royalties | $0 |
| Occupancy | $2,145,957 |
| Travel | $19,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,322 |
| Interest | $82,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,736,610 |
| Insurance | $140,418 |
| All other expenses | $334,290 |
| Total functional expenses | $28,397,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,303 |
| Savings and temporary cash investments | $8,229,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,978 |
| Prepaid expenses and deferred charges | $715,487 |
| Net Land, buildings, and equipment | $21,000,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,572,866 |
| Total assets | $32,299,519 |
| Accounts payable and accrued expenses | $1,614,532 |
| Grants payable | $0 |
| Deferred revenue | $5,233,547 |
| 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 | $1,305,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,672,443 |
| Total liabilities | $9,826,187 |
| Net assets without donor restrictions | $22,184,939 |
| Net assets with donor restrictions | $288,393 |
| 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 | $32,299,519 |