Faith Academy Of Marble Falls is located in Marble Falls, TX. The organization was established in 1999. 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 05/2022, Faith Academy Of Marble Falls employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Academy Of Marble Falls 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 05/2022, Faith Academy Of Marble Falls generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.8m during the year ending 05/2022. While expenses have increased by 3.6% 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
PRIVATE CHRISTIAN COLLEGE PREPARATORY SCHOOL FOR ELEMENTARY AND SECONDARY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAITH ACADEMY IS A COLLEGE PREPARATORY SCHOOL FOR ELEMENTARY AND SECONDARY STUDENTS AND SERVES APPROXIMATELY 313 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amy Cozby Headmaster/director | Trustee | 40 | $80,927 |
Steve Kwan President | OfficerTrustee | 2 | $0 |
Amy Lynn Payne Secretary | OfficerTrustee | 2 | $0 |
Dee Anna Piatek Treasurer | OfficerTrustee | 2 | $0 |
Rhonda Coleman Board Member | Trustee | 2 | $0 |
Jeff Steele Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $150,000 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $928,176 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,078,176 |
Total Program Service Revenue | $2,201,125 |
Investment income | -$1,248 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $84,427 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,362,480 |
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 | $1,453,293 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,466 |
Payroll taxes | $111,191 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,148 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $52,470 |
Office expenses | $10,257 |
Information technology | $33,215 |
Royalties | $0 |
Occupancy | $169,756 |
Travel | $9,369 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,852 |
Interest | $81,594 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $348,922 |
Insurance | $42,768 |
All other expenses | $249,042 |
Total functional expenses | $2,761,263 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $108,082 |
Savings and temporary cash investments | $1,399,815 |
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 | $2,590 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $6,869,471 |
Investments—publicly traded securities | $0 |
Investments—other securities | $70,594 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,450,552 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $305,716 |
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 | $1,875,971 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $78,028 |
Total liabilities | $2,259,715 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $6,190,837 |
Total liabilities and net assets/fund balances | $8,450,552 |
Over the last fiscal year, we have identified 2 grants that Faith Academy Of Marble Falls has recieved totaling $1,274.
Awarding Organization | Amount |
---|---|
Margaret Chesley Memorial Fund Bellville, TX PURPOSE: CHARITABLE PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $274 |
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Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Alcuin School Dallas, TX | $59,182,125 | $20,381,763 |
Oakridge School Inc Arlington, TX | $19,389,993 | $20,174,539 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Education Service Center Region Ii Of Texas Corpus Christi, TX | $24,486,082 | $17,593,515 |
The Woodlands Christian Academy The Woodlands, TX | $44,326,696 | $20,493,923 |
Odyssey 2020 Academy Inc Galveston, TX | $23,994,459 | $17,751,222 |
El Paso Education Initiative Inc El Paso, TX | $37,947,839 | $17,386,289 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Energized For Excellence Academy Houston, TX | $1,351,482 | $18,898,659 |
Houston Gateway Academy Inc Houston, TX | $78,886,053 | $32,736,217 |