Freedom Christian Academy Inc
- Assets
- $8.2m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 184
- Location
- Fayetteville, NC
- Founding
- 06/2010
- Data as of
- 06/2020
- EIN
- 61-1585719
Organization Overview
Freedom Christian Academy Inc is located in Fayetteville, NC. The organization was established in 2010. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2021, Freedom Christian Academy Inc employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom 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 06/2020, Freedom Christian Academy Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.4m during the year ending 06/2020. While expenses have increased by 4.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A NUTURING ENVIRONMENT THAT ENCOURAGES AND EQUIPS ITS STUDENTS TO FULLY SEEK TRUTH FOR THEIR LIVES AND PRODUCES CITIZEN-LEADERS OF EXCELLENCE, WISDOM, AND CHRISTIAN FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL AND GRADES K THROUGH 12 WERE OFFERED. 2020-2021 WAS THE ELEVENTH YEAR OF OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Stephenson Bod - Vice Chair | OfficerTrustee | 1 | $0 |
John Briggs Bod - Secretary | OfficerTrustee | 1 | $0 |
Albert Norton Bod - Chair | OfficerTrustee | 1 | $0 |
Breeden Blackwell Board Member | Trustee | 1 | $0 |
Kelvin Thompson Board Member | Trustee | 1 | $0 |
Rebecca Calhoun Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,948 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,075 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,902 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,105,559 |
| 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. | $149,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,256,524 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,680 |
| Payroll taxes | $181,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,835 |
| Advertising and promotion | $12,891 |
| Office expenses | $43,513 |
| Information technology | $57,425 |
| Royalties | $0 |
| Occupancy | $267,588 |
| Travel | $51 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,085 |
| Interest | $448,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $275,153 |
| Insurance | $49,516 |
| All other expenses | $0 |
| Total functional expenses | $4,352,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,425 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $160,800 |
| Other assets | $32,449 |
| Total assets | $8,179,559 |
| Accounts payable and accrued expenses | $99,190 |
| Grants payable | $0 |
| Deferred revenue | $316,180 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,051,699 |
| Secured mortgages and notes payable | $4,720,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,198,102 |
| Total liabilities | $11,385,742 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$3,206,183 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freedom Christian Academy Inc has recieved totaling $47,807.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $47,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guilford County Partnership For Children Inc Greensboro, NC | $1,133,559 | $15,560,026 |
Partnership For Children Of Cumberland County Inc Fayetteville, NC | $3,851,277 | $14,252,624 |
Onslow County Partnership For Children Jacksonville, NC | $467,793 | $12,255,030 |
Durhams Partnership For Children Durham, NC | $515,182 | $10,701,897 |
North Carolina Association Of Educators Inc Raleigh, NC | $37,548,115 | $38,819,599 |
Robeson County Partnership For Children Lumberton, NC | $1,373,329 | $6,719,336 |
Down East Partnership For Children Rocky Mount, NC | $901,285 | $6,638,364 |
Cleveland County Partnership For Children Inc Kings Mountain, NC | $125,732 | $6,139,348 |
The Partnership For Children Of Wayne County Inc Goldsboro, NC | $310,376 | $5,891,919 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $1,192,228 | $5,496,255 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $2,170,210 | $5,744,803 |
Buncombe County Partnership For Children Inc Asheville, NC | $267,701 | $5,086,293 |