Christian Academy Of Indiana Inc
- Assets
- $12.2m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 227
- Location
- Louisville, KY
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 06-1686237
Organization Overview
Christian Academy Of Indiana Inc is located in Louisville, KY. The organization was established in 2004. 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 06/2023, Christian Academy Of Indiana Inc employed 227 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Christian Academy Of Indiana 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, Christian Academy Of Indiana Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 8 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
PRIVATE EDUCATIONAL INSTITUTION FOR GRADES K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN ACADEMY OF INDIANA, INC. IS A NONPROFIT RELIGIOUS/EDUCATIONAL ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HOLDS A DISTINCTIVE PLACE AMONG EDUCATIONAL INSTITUTIONS IN THE KENTUCKIANA AREA BY PROVIDING A HIGH QUALITY, CHRISTIAN EDUCATION FOR GRADES PRESCHOOL THROUGH HIGH SCHOOL. THE SCHOOL SEEKS TO PROVIDE A TRADITIONAL EDUCATION IN A CHRIST-CENTERED ENVIRONMENT, OR "EDUCATION WITH A HIGHER PURPOSE". IN 2022-23, THE SCHOOL OPERATED ONE CAMPUS IN INDIANA WITH 1,048 STUDENTS PRESCHOOL THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dant Clayton Corporation Fabrication Services | 6/29/23 | $263,700 |
Janitorial Cleaning System Llc Janitorial Services | 6/29/23 | $236,281 |
Alpha Mechanical Services Inc Hvac Services | 6/29/23 | $111,380 |
Striegel Asphalt Co Inc Asphalt Services | 6/29/23 | $110,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,619 |
| Related organizations | $1,020,421 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,133,040 |
| Total Program Service Revenue | $10,408,328 |
| Investment income | $3,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,651 |
| Net Income from Fundraising Events | -$7,506 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,553,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $503,808 |
| 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 | $4,733,729 |
| Pension plan accruals and contributions | $43,192 |
| Other employee benefits | $656,875 |
| Payroll taxes | $337,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,092 |
| Advertising and promotion | $39,760 |
| Office expenses | $144,677 |
| Information technology | $256,233 |
| Royalties | $0 |
| Occupancy | $961,651 |
| Travel | $20,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,452 |
| Interest | $21,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $642,422 |
| Insurance | $60,419 |
| All other expenses | $299,462 |
| Total functional expenses | $9,656,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,409 |
| Savings and temporary cash investments | $890,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,080 |
| Prepaid expenses and deferred charges | $406,202 |
| Net Land, buildings, and equipment | $10,519,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,414 |
| Total assets | $12,160,597 |
| Accounts payable and accrued expenses | $642,063 |
| Grants payable | $0 |
| Deferred revenue | $1,311,728 |
| 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 | $193,459 |
| Total liabilities | $2,147,250 |
| Net assets without donor restrictions | $9,886,302 |
| Net assets with donor restrictions | $127,045 |
| 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 | $12,160,597 |