Little Rock Christian Academy Inc
- Assets
- $58.7m
- Revenue
- $27.9m
- Investments
- $5.7m
- Employees
- 295
- Location
- Little Rock, AR
- Founding
- 06/1995
- Data as of
- 06/2022
- EIN
- 71-0750151
Organization Overview
Little Rock Christian Academy Inc is located in Little Rock, AR. The organization was established in 1995. 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 06/2022, Little Rock Christian Academy Inc employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Rock 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 06/2022, Little Rock Christian Academy Inc generated $27.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $20.2m during the year ending 06/2022. While expenses have increased by 3.3% 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
THE MISSION OF LITTLE ROCK CHRISTIAN ACADEMY IS TO SERVE FAMILIES, CHURCHES, AND THE COMMUNITY BY PROVIDING A K4-12 EDUCATION CHARACTERIZED BY EXCELLENCE IN THE PURSUIT OF TRUTH THROUGH A CHRIST-CENTERED WORLDVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLE ROCK CHRISTIAN ACADEMY PROVIDES EDUCATIONAL FACILITIES AND INSTRUCTION FOR GRADES K4-12 AND RELATED ACTIVITIES SUCH AS ATHLETIC AND CAFETERIA FACILITIES AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Arnold Head Of School | OfficerTrustee | 40 | $236,361 |
Jim Fink CFO | Officer | 40 | $120,078 |
Julia Neblett Trustee | Trustee | 40 | $21,300 |
John Mcmorran Chairman Of Board | OfficerTrustee | 40 | $0 |
Gene Whisenhunt Trustee | OfficerTrustee | 40 | $0 |
Jessica Brogdon Trustee | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Entergy Energy/utilities | 6/29/22 | $343,552 |
John Hancock Insurance | 6/29/22 | $375,222 |
Sysco Food | 6/29/22 | $302,877 |
Lewis Architects Architecture | 6/29/22 | $270,000 |
Fred Lord Builder Llc Construction | 6/29/22 | $266,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $711,236 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,945,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,656,296 |
| Total Program Service Revenue | $19,385,767 |
| Investment income | $105,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$233,821 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,913,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,225,090 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $402,488 |
| Compensation of current officers, directors, key employees. | $40,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,057,498 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,076,941 |
| Payroll taxes | $578,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $26,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,274 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $531,679 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,969,614 |
| Insurance | $229,396 |
| All other expenses | $763,654 |
| Total functional expenses | $20,162,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,776,878 |
| Savings and temporary cash investments | $5,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,318 |
| 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 | $131,004 |
| Net Land, buildings, and equipment | $47,864,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,699,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,679,923 |
| Accounts payable and accrued expenses | $1,115,800 |
| Grants payable | $0 |
| Deferred revenue | $596,468 |
| 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 | $0 |
| Other liabilities | $292,075 |
| Total liabilities | $2,004,343 |
| Net assets without donor restrictions | $56,675,580 |
| 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 | $58,679,923 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Little Rock Christian Academy Inc has recieved totaling $3,498,284.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $3,006,250 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: CONSTRUCTION OF ELEMENTARY SCHOOL ADDITION | $450,000 |
Organization Name not Listed PURPOSE: WILD ABOUT WARRIORS, PTF | | $15,000 |
Larry And Janet Crain Chairitable Foundation Sherwood, AR PURPOSE: PRIMARY & SECONDARY EDUCATION | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $273,801 |
| Earnings | -$39,014 |
| Net Contributions | $100,000 |
| Ending Balance | $334,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |