Binghampton Christian Academy
- Assets
- $3.4m
- Revenue
- $1.7m
- Investments
- $1.6m
- Employees
- 33
- Location
- Memphis, TN
- Founding
- 06/1994
- Data as of
- 06/2020
- EIN
- 62-1555775
Organization Overview
Binghampton Christian Academy is located in Memphis, TN. The organization was established in 1994. 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 06/2021, Binghampton Christian Academy employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Binghampton 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 06/2020, Binghampton Christian Academy generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.4m during the year ending 06/2020. 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 PROVIDE CHRISTIAN EDUCATION TO SOCIALLY AND/OR ACADEMICALLY IMPAIRED INNER-CITY CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN EDUCATION IS PROVIDED FOR SOCIALLY OR ACADEMICALLY IMPAIRED INNER-CITY CHILDREN WHO MIGHT OTHERWISE BE SCHOOL DROP-OUTS. AN AFTERSCHOOL PROGRAM IS ALSO PROVIDED.
STATE FUNDED FOOD PROGRAM IS USED TO PROVIDE BREAKFAST, LUNCH AND AFTER SCHOOL SNACKS TO CHILDREN ATTENDING THE SCHOOL.
RESIDENTIAL CARE FACILITIES ARE PROVIDED FOR STUDENTS IN NEED OF SAFE DWELLING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marquita Carter Head Of School | Officer | 40 | $50,787 |
Pamela Hill Chairman | Trustee | 2 | $0 |
Mary Dicken Trustee | Trustee | 2 | $0 |
Elizabeth Holmes Trustee | Trustee | 2 | $0 |
Joellyn Slott Trustee | Trustee | 2 | $0 |
Mary Forsdick Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,597,362 |
| Investment income | $7,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,655,078 |
| 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. | $59,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $748,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,620 |
| Fees for services: Accounting | $17,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,020 |
| Advertising and promotion | $936 |
| Office expenses | $114,446 |
| Information technology | $1,811 |
| Royalties | $0 |
| Occupancy | $51,447 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,359 |
| Insurance | $83,193 |
| All other expenses | $0 |
| Total functional expenses | $1,387,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $502 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,641,126 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,352,263 |
| Accounts payable and accrued expenses | $647 |
| 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 | $165,000 |
| Other liabilities | $0 |
| Total liabilities | $165,647 |
| 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 | $3,186,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Binghampton Christian Academy has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Brinkley Foundation Memphis, TN PURPOSE: CHARITABLE | $10,000 |
Endowment Analysis
| Beg. Balance | $2,053,788 |
| Earnings | $551,756 |
| Net Contributions | $376,890 |
| Ending Balance | $2,982,434 |
Peer Organizations
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|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |