Arlington Classics Academy
- Assets
- $32.3m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 228
- Location
- Arlington, TX
- Founding
- 04/1998
- Data as of
- 08/2021
- EIN
- 75-2734435
Organization Overview
Arlington Classics Academy is located in Arlington, TX. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2021, Arlington Classics Academy employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Classics 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 08/2021, Arlington Classics Academy generated $15.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $14.7m during the year ending 08/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP A DIVERSE STUDENT BODY WITH A COMPREHENSIVE EDUCATION, INCLUDING A SPECIAL FOCUS ON WESTERN CIVILIZATION. STUDENTS WILL DEVELOP A COMMANDING KNOWLEDGE OF THE ORIGINS OF OUR LIBERTY AND THE ABILITY TO SUSTAIN IT THROUGH MORAL LEADERSHIP. WE AIM TO ACCOMPLISH THIS GOAL THROUGH A HIGH LEVEL OF ACADEMIC INSTRUCTION AND HIGH BEHAVIORAL EXPECTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING APPROXIMATELY 1,500 STUDENTS IN GRADES K THROUGH 8TH GRADE WITH A SPECIAL FOCUS ON WESTERN CIVILIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Sims E.d. Of Schools | Officer | 40 | $142,333 |
Deborah Sterba President | OfficerTrustee | 1 | $0 |
Jason Roach Secretary | OfficerTrustee | 1 | $0 |
Gary Soward Treasurer | OfficerTrustee | 1 | $0 |
Tania Cotter Director | Trustee | 1 | $0 |
Shea Lewis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meals Systems Inc Food Services | 8/30/21 | $218,256 |
Td Industries Inc Construction | 8/30/21 | $210,048 |
Houghton Mifflin Harcourtsaxon Textbooks | 8/30/21 | $162,302 |
Dynamic Support Solutions Inc Consulting | 8/30/21 | $116,250 |
Staples Tech Solutions Technology | 8/30/21 | $113,206 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,639,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $29,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,639,845 |
| Total Program Service Revenue | $361,954 |
| Investment income | $6,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,337 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,087,121 |
| 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. | $158,130 |
| Compensation of current officers, directors, key employees. | $158,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,746,376 |
| Pension plan accruals and contributions | $356,690 |
| Other employee benefits | $517,600 |
| Payroll taxes | $129,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,079 |
| Fees for services: Accounting | $24,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,246,409 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,720 |
| Travel | $19,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,143,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,087 |
| Insurance | $160,999 |
| All other expenses | $0 |
| Total functional expenses | $14,709,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,380,081 |
| Savings and temporary cash investments | $545,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,266,521 |
| 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 | $7,746 |
| Net Land, buildings, and equipment | $18,924,132 |
| Investments—publicly traded securities | $7,193,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,317,939 |
| Accounts payable and accrued expenses | $1,702,360 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,985,271 |
| 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 | $0 |
| Total liabilities | $23,687,631 |
| Net assets without donor restrictions | $4,653,682 |
| Net assets with donor restrictions | $3,976,626 |
| 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 | $32,317,939 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Arlington Classics Academy has recieved totaling $51,118.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $24,097 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $14,672 |
Texas Rangers Baseball Foundation Arlington, TX PURPOSE: PROGRAMMING | $10,660 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,689 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |