Capstone Classical Academy
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- Data as of
- 06/2022
- EIN
- 86-3946901
Organization Overview
Capstone Classical Academy is located in Fargo, ND. 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. Capstone Classical Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE BENEFITS OF A CLASSICAL AND CHRISTIAN EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE THROUGH THE OPERATION OF ONE OR MORE SCHOOL LOCATIONS. CHRISTIAN RELIGIOUS CULTURE SHALL BE CONSERVED BY THE CORPORATION, AND BY THE SELECTION OF INSTRUCTORS AND OTHER PRACTICABLE EXPEDIENTS, IT SHALL BE A CONSPICUOUS AIM TO TEACH BY PRECEPT AND EXAMPLE THE ESSENTIALS OF THE CHRISTIAN FAITH AND RELIGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY HIRED ITS ADMINISTRATIVE LEADERSHIP AND FACULTY, TRAINED ITS ADMINISTRATIVE LEADERSHIP, REMODELED TWO CAMPUSES, ENROLLED 116 STUDENTS IN ITS ACADEMIC PROGRAMS, SELECTED AND ACQUIRED ITS CURRICULUM FOR INSTRUCTION AND PREPARED FOR ITS INAUGURAL ACADEMIC YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Robson President | OfficerTrustee | 6 | $0 |
Terinne Berg Secretary | OfficerTrustee | 3 | $0 |
Larry Nygard Treasurer | OfficerTrustee | 6 | $0 |
Luke Robson Director | Trustee | 3 | $0 |
Rachelle Lee Director | Trustee | 3 | $0 |
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 | $1,938,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,938,569 |
| Total Program Service Revenue | $11,750 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,951,040 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,817 |
| Payroll taxes | $15,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $289 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,345 |
| Advertising and promotion | $21,572 |
| Office expenses | $2,788 |
| Information technology | $732 |
| Royalties | $0 |
| Occupancy | $4,126 |
| Travel | $7,488 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $2,182 |
| Total functional expenses | $403,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,206,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335,252 |
| 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 | $1 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $440,969 |
| Total assets | $1,982,939 |
| Accounts payable and accrued expenses | $46,883 |
| Grants payable | $0 |
| Deferred revenue | $388,150 |
| 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 | $435,033 |
| 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 | $1,547,906 |
| Total liabilities and net assets/fund balances | $1,982,939 |