Prevailing Faith Christian Academy
- Assets
- $63.7k
- Revenue
- $699.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, LA
- Founding
- 03/2019
- Data as of
- 06/2023
- EIN
- 81-1628821
Organization Overview
Prevailing Faith Christian Academy is located in Monroe, LA. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prevailing Faith 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 06/2023, Prevailing Faith Christian Academy generated $699.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $947.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PRIVATE SCHOOL IN MONROE, LOUISIANA TO PROVIDE A HIGH QUALITY EDUCATION TO ELEMENTARY AGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATIONS ARE A SCHOOL AND PROVIDES EDUCATIONAL SERVICES TO THE STUDENTS OF THE SCHOOL. THE SCHOOL OFFERS PRE KINDERGARTEN 3 THROUGH NINTH GRADE CLASSES TO ELEMENTARY AGE CHILDREN IN MONROE, LOUISIANA. THE ORGANIZATION DOES NOT DISCRIMINATE WITH RESPECT TO THE STUDENTS THAT WISH TO ENROLL AT THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Brown President | OfficerTrustee | 25 | $47,213 |
Patsy Brown Executive VP | OfficerTrustee | 25 | $47,213 |
Richard Pleasant Secretary | OfficerTrustee | 1 | $0 |
Herbert Harris Director | Trustee | 1 | $0 |
Eric Mcelory Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $511,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,336 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | -$1,033 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,878 |
| 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. | $94,426 |
| Compensation of current officers, directors, key employees. | $47,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,416 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,006 |
| Fees for services: Accounting | $3,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,339 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $160,975 |
| 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 | $9,983 |
| Insurance | $14,891 |
| All other expenses | $30,857 |
| Total functional expenses | $947,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,648 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $63,748 |
| Accounts payable and accrued expenses | $27,000 |
| 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 | $31,254 |
| Unsecured mortgages and notes payable | $491,100 |
| Other liabilities | $600 |
| Total liabilities | $549,954 |
| Net assets without donor restrictions | -$486,206 |
| 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 | $63,748 |