Ascension Academy Inc
- Assets
- $72.7k
- Revenue
- $433.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Cumberland, WI
- Founding
- Data as of
- 06/2024
- EIN
- 87-2864984
Organization Overview
Ascension Academy Inc is located in Cumberland, WI. 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, Ascension Academy Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascension 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, Ascension Academy Inc generated $433.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $463.8k during the year ending 06/2024. 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
ASCENSION ACADEMY, AS AN EXTENSION OF THE CHRISTIAN HOME, SEEKS TO PROVIDE BIBLICALLY-BASED INSTRUCTION AND ENCOURAGEMENT SO THAT EVERY STUDENT MAY REACH THEIR FULL POTENTIAL TO THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCENSION ACADEMY BEGAN WITH STUDENTS IN K-6TH GRADE IN THE FALL OF 2022. ENTERING OUR THIRD SCHOOL YEAR, ASCENSION NOW OFFERS PROGRAMMING FOR STUDENTS IN 4K-8TH GRADE. ASCENSION ACADEMY HAS BEEN ADMITTED INTO THE WISCONSIN SCHOOL CHOICE PROGRAM AND SHOULD START RECEIVING FUNDING IN THE UPCOMING 2024-2025 SCHOOL YEAR. THIS WILL HELP INCOME-QUALIFIED FAMILIES WITH FUNDING. WE ACHIEVED PRE-ACCREDITATION STATUS WITH CHRISTIAN SCHOOLS INTERNATIONAL, CSI, IN SEPTEMBER 2022 WITH FULL ACCREDITATION SCHEDULED FOR SEPTEMBER 2024. ASCENSION ACADEMY TAUGHT ALL SUBJECT MATTER FROM A BIBLICAL WORLDVIEW. IN ADDITION, WE HAVE WEEKLY CHAPELS AND DAILY BIBLE CLASSES. WITH OUR RIGOROUS CURRICULUM, WE SAW TREMENDOUS SPIRITUAL AND ACADEMIC GROWTH DURING OUR FIRST TWO YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ruppel President | OfficerTrustee | 1 | $0 |
Janelle Hagan Vice Preside | OfficerTrustee | 1 | $0 |
John Peterson Treasurer | OfficerTrustee | 1 | $0 |
Peter Westendorf Secretary | OfficerTrustee | 1 | $0 |
Bob Schauf Director | Trustee | 1 | $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 | $296,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,839 |
| Total Program Service Revenue | $134,655 |
| Investment income | $5 |
| 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 | $1,558 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,057 |
| 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 | $316,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,357 |
| Payroll taxes | $27,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,880 |
| Office expenses | $21,763 |
| Information technology | $3,055 |
| Royalties | $0 |
| Occupancy | $24,306 |
| 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 | $1,535 |
| Insurance | $0 |
| All other expenses | $3 |
| Total functional expenses | $463,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $8,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,733 |
| Accounts payable and accrued expenses | $3,279 |
| 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 | $3,279 |
| Net assets without donor restrictions | $48,716 |
| Net assets with donor restrictions | $20,738 |
| 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 | $72,733 |