Northwest Classical Academy Inc
- Assets
- $13.8m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 102
- Location
- Kennesaw, GA
- Founding
- Data as of
- 06/2023
- EIN
- 85-3837363
Organization Overview
Northwest Classical Academy Inc is located in Kennesaw, GA. As of 06/2023, Northwest Classical Academy Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Classical 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 06/2023, Northwest Classical Academy Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $8.8m during the year ending 06/2023. While expenses have increased by 31.9% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS THE SECOND YEAR OF PUBLIC CHARTER SCHOOL OPERATIONS FOR K-12 STUDENTS. THE MISSION OF THE ACADEMY IS TO DEVELOP STUDENTS IN MIND AND CHARACTER THROUGH A CLASSICAL, CONTENT-RICH CURRICULUM THAT EMPHASIZES THE PRINCIPLES OF VIRTUOUS LIVING, TRADITIONAL LEARNING, AND CIVIC RESPONSIBILITY. THE ACADEMY IS LOCATED IN KENNESAW, GEORGIA PROVIDING EDUCATION FOR OVER 500 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Reger Principal | Officer | 40 | $108,842 |
Cat Mcafee Board Chair | OfficerTrustee | 1 | $0 |
Greg Smith Vice Chair | OfficerTrustee | 1 | $0 |
Matt Altmix Treasurer | OfficerTrustee | 1 | $0 |
Doris Moss Secretary | OfficerTrustee | 1 | $0 |
Leo Smith Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liberty Classical Schools Educational Se Management Services | 6/29/23 | $242,493 |
Ellsworth Office Cleaning Janitorial Services | 6/29/23 | $210,319 |
Chef Advantage Food Service | 6/29/23 | $160,951 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,327,468 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,589,939 |
| Total Program Service Revenue | $233,150 |
| Investment income | $22,790 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,904,694 |
| 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. | $129,058 |
| Compensation of current officers, directors, key employees. | $64,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,334,402 |
| Pension plan accruals and contributions | $1,438,160 |
| Other employee benefits | $480,315 |
| Payroll taxes | $86,673 |
| Fees for services: Management | $711,153 |
| Fees for services: Legal | $11,525 |
| Fees for services: Accounting | $30,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $358,199 |
| Advertising and promotion | $8,752 |
| Office expenses | $62,592 |
| Information technology | $151,234 |
| Royalties | $0 |
| Occupancy | $507,563 |
| Travel | $3,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,463 |
| Interest | $92,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $743,365 |
| Insurance | $70,224 |
| All other expenses | $25,527 |
| Total functional expenses | $8,775,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,372,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,292 |
| 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 | $15,567 |
| Net Land, buildings, and equipment | $5,682,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,579,021 |
| Total assets | $13,767,176 |
| Accounts payable and accrued expenses | $243,385 |
| 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 | $5,934,141 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,446,796 |
| Total liabilities | $11,624,322 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,394,829 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$251,975 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,767,176 |