Maranatha Academy
- Assets
- $103.1k
- Revenue
- $209.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Superior, WI
- Founding
- 02/1984
- Data as of
- 07/2021
- EIN
- 93-0848774
Organization Overview
Maranatha Academy is located in Superior, WI. The organization was established in 1984. 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 07/2021, Maranatha Academy employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranatha Academy 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 07/2021, Maranatha Academy generated $209.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $276.2k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARANATHA ACADEMY PROVIDES EDUCATIONAL SERVICESFOR 100 STUDENTS K THRU THE 12TH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheree Waring Administratortrustee | Trustee | 40 | $30,250 |
Josh Wisted Trustee | Trustee | 2 | $0 |
Brian Gant Trustee | Trustee | 2 | $0 |
Rev Jr Rugg Trustee | Trustee | 2 | $0 |
Wes Keller Director | Trustee | 2 | $0 |
Jocelyn Meredith Director | Trustee | 2 | $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 | $69,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,803 |
| Total Program Service Revenue | $139,737 |
| Investment income | $10 |
| 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 | $209,550 |
| 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. | $30,250 |
| Compensation of current officers, directors, key employees. | $3,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,000 |
| Payroll taxes | $13,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,733 |
| Office expenses | $8,034 |
| Information technology | $1,716 |
| Royalties | $0 |
| Occupancy | $28,809 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $972 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,401 |
| Insurance | $8,566 |
| All other expenses | $0 |
| Total functional expenses | $276,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,572 |
| Savings and temporary cash investments | $7,833 |
| 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 | $99,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,142 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,134 |
| Total liabilities | $3,134 |
| Net assets without donor restrictions | $100,008 |
| 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 | $103,142 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maranatha Academy has recieved totaling $279.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distinctive Schools Of Illinois Chicago, IL | $2,734,668 | $38,553,382 |
Mc Preparatory School Of Wisconsin Inc Milwaukee, WI | $32,218,906 | $24,578,371 |
Community School Of Excellence St Paul, MN | $17,352,647 | $27,516,288 |
Catalyst Schools Chicago, IL | $23,990,346 | $24,109,090 |
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Near North Montessori School Chicago, IL | $38,573,944 | $16,517,378 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Zeeland Christian School Zeeland, MI | $19,623,288 | $11,238,716 |