Berean Christian Academy Inc
- Assets
- $3.1m
- Revenue
- $2.8m
- Investments
- $258.9k
- Employees
- 49
- Location
- Katy, TX
- Founding
- 08/2016
- Data as of
- 06/2024
- EIN
- 81-1915196
Organization Overview
Berean Christian Academy Inc is located in Katy, TX. The organization was established in 2016. 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 06/2024, Berean Christian Academy Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berean 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 06/2024, Berean Christian Academy Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 28.3% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BEREAN CHRISTIAN ACADEMY'S MISSION IS TO EDCUATE STUDENTS IN A CHRIST-CENTERED WORLDVIEW. WE BELIEVE SUCH AN EDUCATION WILL PRODUCE STUDENTS WHO ARE WELL PREPARED TO LIVE THEIR LIVES FOR THE GLORY OF CHRIST AND BENEFIT OF OTHERS. BEREAN CHRISTIAN ACADEMY WILL ALSO PREPARE STUDENTS TO GO INTO THE WORLD EQUIPPED TO REGCOGNIZE TRUTH, GOODNESS, AND BEAUTY IN GOD'S CREATION. WE ACCOMPLISH THIS BY PROVIDING A STRONG ACADEMIC PROGRAM THAT HELPS OUR STUDENTS GROW INTELLECTUALLY, SPIRITUALLY, SOCIALLY, PHYSICALLY AND EMOTIONALLY. BEREAN CHRISTIAN ACADEMY OPERATED IN PARTNERSHIP BETWEEN FACULTY AND PARENTS FOR THE WELL-BEING OF OUR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEREAN CHRISTIAN ACADEMY IS A 5-DAY, PRIVATE CLASSICAL CHRISTIAN SCHOOL FOR KINDERGARTEN THROUGH 11TH GRADE, DEDICATED TO EDUCATING STUDENTS IN A CHRIST-CENTERED WORLDVIEW. WE CURRENTLY SERVE 110 FAMILIES WITH 178 STUDENTS AND SERVING 38 NEW APPLYING FAMILIES. BEREAN IS FULLY ACCREDITED AND COMMITTED TO SMALL CLASS SIZES WHICH CULTIVATE A CHALLENGING AND NURTURING EDUCATIONAL ENVIRONMENT. BEREAN CHRISTIAN ACADEMY OPERATES AS A PARTNERSHIP BETWEEN FACULTY AND PARENTS PREPARING STUDENTS FOR LIFE, COLLEGE AND BEYOND, USING THE TIME-TESTED TOOLS OF A CLASSICAL MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vim Head President | OfficerTrustee | 10 | $0 |
Ryan Peeples Board Member | Trustee | 1 | $0 |
Abby Jennings Secretary | Trustee | 1 | $0 |
Laura Griffin Board Member | Trustee | 1 | $0 |
Jared Isham Treasurer | Trustee | 1 | $0 |
Bethany Elston Head Of School | Officer | 40 | $36,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $218,402 |
| Related organizations | $0 |
| Government grants | $450,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,596 |
| Noncash contributions included in lines 1a–1f | $6,145 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,399 |
| Total Program Service Revenue | $1,850,182 |
| Investment income | $13,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1 |
| Net Income from Fundraising Events | -$20,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,753,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,529 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,845 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $929,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $73,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,573 |
| Advertising and promotion | $1,260 |
| Office expenses | $22,884 |
| Information technology | $19,316 |
| Royalties | $0 |
| Occupancy | $111,834 |
| Travel | $3,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,564 |
| Insurance | $7,777 |
| All other expenses | $0 |
| Total functional expenses | $1,812,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,356,177 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,409 |
| 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 | $383,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $258,863 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,637 |
| Total assets | $3,066,854 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $964,602 |
| 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 | $1,703 |
| Total liabilities | $966,305 |
| 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 | $2,100,549 |
| Total liabilities and net assets/fund balances | $3,066,854 |