Christ Academy
- Assets
- $16.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 71
- Location
- Wichita Falls, TX
- Founding
- 10/2002
- Data as of
- 07/2021
- EIN
- 75-0868389
Organization Overview
Christ Academy is located in Wichita Falls, TX. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Christ Academy employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christ 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 07/2021, Christ Academy generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.8m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE ACADEMICALLY WELL-PREPARED STUDENTS WHO MODEL THE CHARACTER OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED APPROXIMATELY 260 STUDENTS IN GRADES PRE-K THROUGH 12 WITH A QUALITY EDUCATION BASED IN A CHARITABLE AND RELIGIOUS ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jerry Meadows Chief Educational Officer | Officer | 40 | $115,658 |
Drew Carnes Chief Financial Officer | Officer | 10 | $0 |
Rik Lipscomb Chair | Trustee | 1 | $0 |
Anthony Inman Treasurer | Trustee | 1 | $0 |
Patty Young Secretary | Trustee | 1 | $0 |
Elizabeth Henry Vice-Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,073 |
| Government grants | $314,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $494,122 |
| Total Program Service Revenue | $1,927,890 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,415 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,449,537 |
| 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. | $145,691 |
| Compensation of current officers, directors, key employees. | $145,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,253,610 |
| Pension plan accruals and contributions | $31,166 |
| Other employee benefits | $97,095 |
| Payroll taxes | $102,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,617 |
| Office expenses | $68,481 |
| Information technology | $162,323 |
| Royalties | $0 |
| Occupancy | $170,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$2 |
| Interest | $103,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,801 |
| Insurance | $57,445 |
| All other expenses | $0 |
| Total functional expenses | $2,798,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $813,560 |
| Accounts receivable, net | $7,048 |
| 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 | $20,757 |
| Net Land, buildings, and equipment | $14,148,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,128,416 |
| Total assets | $16,298,236 |
| Accounts payable and accrued expenses | $186,644 |
| Grants payable | $0 |
| Deferred revenue | $597,839 |
| 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 | $2,387,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,171,495 |
| Net assets without donor restrictions | $11,998,325 |
| Net assets with donor restrictions | $1,128,416 |
| 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 | $16,298,236 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Christ Academy has recieved totaling $395,025.
| Awarding Organization | Amount |
|---|---|
Wichita Falls Area Community Foundation Wichita Falls, TX PURPOSE: Education | $183,800 |
Leota Steed Foundation Wichita Falls, TX PURPOSE: OPERATIONS | $70,000 |
Bryant Edwards Foundation Inc Wichita Falls, TX PURPOSE: CHOCOLATE SOIREE 2022 & 2023 | $60,000 |
Stephens Family Faoundation Wichita Falls, TX PURPOSE: GENERAL OPERATIONS | $50,000 |
Kimbell Family Foundation Wichita Falls, TX PURPOSE: OPERATING FUND | $16,667 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $960,286 |
| Earnings | $175,451 |
| Other Expense | $7,321 |
| Ending Balance | $1,128,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |