Artesia Classical Academy Inc
- Assets
- $668.0k
- Revenue
- $760.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Artesia, NM
- Founding
- Data as of
- 06/2023
- EIN
- 86-2768417
Organization Overview
Artesia Classical Academy Inc is located in Artesia, NM. 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 06/2023, Artesia Classical Academy Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artesia 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, Artesia Classical Academy Inc generated $760.9k in total revenue. All expenses for the organization totaled $356.5k during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARTESIA CLASSICAL ACADEMY PROVIDES STUDENTS A CHRIST CENTERED CLASSICAL K-6 EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTESIA CLASSICAL ACADEMY OFFERS AN EDUCATIONAL OPTION THAT PROVIDES STUDENTS A STRONG CLASSICAL EDUCATIONAL FOUNDATION THAT IS CHRIST CENTERED IN EVERY ASPECT. THE CLASSICAL METHOD DEVELOPS INDEPENDENT LEARNING AND THINKING SKILLS BASED ON THE FOUNDATION OF GRAMMAR, LOGIC, AND RHETORIC. THE CLASSICAL DIFFERENCE IS CLEAR WHEN STUDENTS ARE TAKEN BEYOND CONVENTIONALLY TAUGHT SUBJECTS AND ASKED TO APPLY THEIR KNOWLEDGE USING LOGIC AND CLEAR EXPRESSION. THE SCHOOL FIRST OPERATED AS A LEARNING COOPERATIVE BEFORE RECEIVING PUBLIC CHARITY STATUS AND OPENING ITS DOORS ON AUGUST 11, 2022. THIRTY STUDENTS WERE ENROLLED DURING THE 2022-2023 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dickie Townley Chair | OfficerTrustee | 1 | $0 |
Nita Gwynne Vice-Chair | OfficerTrustee | 1 | $0 |
Denise Sevcik Secretary | OfficerTrustee | 1 | $0 |
Amy Murphy Treasurer | OfficerTrustee | 1 | $0 |
Mike Deans Director | Trustee | 1 | $0 |
Amy Scroggin Headmaster | Officer | 40 | $43,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,421 |
| Total Program Service Revenue | $230,650 |
| Investment income | $7,863 |
| 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 | $760,934 |
| 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. | $82,167 |
| Compensation of current officers, directors, key employees. | $57,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $9,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,286 |
| Advertising and promotion | $1,355 |
| Office expenses | $8,462 |
| Information technology | $14,499 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $2,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,652 |
| All other expenses | $0 |
| Total functional expenses | $356,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,190 |
| Savings and temporary cash investments | $575,470 |
| 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 | $44,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $667,965 |
| Accounts payable and accrued expenses | $5,811 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,811 |
| Net assets without donor restrictions | $662,154 |
| 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 | $667,965 |