Living Stones Academy
- Assets
- $4.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Grand Rapids, MI
- Founding
- 07/2011
- Data as of
- 06/2022
- EIN
- 27-1110309
Organization Overview
Living Stones Academy is located in Grand Rapids, MI. The organization was established in 2011. 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 06/2022, Living Stones Academy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Stones 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 06/2022, Living Stones Academy generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 15.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A NEIGHBORHOOD CHRISTIAN SCHOOL COMMITTED TO INSPIRING THE MINDS AND HEARTS OF STUDENTS; EQUIPPING THEM TO EMBRACE CULTURAL, ECONOMIC AND RACIAL DIVERSITY; AND EMPOWERING THEM TO LOVE AND SERVE IN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, 230 STUDENTS WERE EDUCATED AT AN AFFORDABLE FAITH-BASED SCHOOL WHERE EVERY CHILD IS KNOWN, LOVED AND INSPIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Winkle Head Of School | Officer | 50 | $44,075 |
Chardonnay Henderson Member | Trustee | 2 | $0 |
Mark Mulder Member | Trustee | 2 | $0 |
Lakiya Jenkins Member | Trustee | 2 | $0 |
Peter Boumgarden Chair | OfficerTrustee | 5 | $0 |
Brian Krosschell Treasurer | OfficerTrustee | 5 | $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 | $1,894,187 |
| Noncash contributions included in lines 1a–1f | $6,215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,894,187 |
| Total Program Service Revenue | $1,244,873 |
| Investment income | $491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,200 |
| 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 | $3,153,836 |
| 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. | $89,790 |
| Compensation of current officers, directors, key employees. | $44,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $872,485 |
| Pension plan accruals and contributions | $33,681 |
| Other employee benefits | $100,789 |
| Payroll taxes | $68,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,111 |
| Fees for services: Accounting | $23,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,072 |
| Advertising and promotion | $44,691 |
| Office expenses | $30,026 |
| Information technology | $130,526 |
| Royalties | $0 |
| Occupancy | $75,288 |
| Travel | $6,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,256 |
| Insurance | $14,720 |
| All other expenses | $0 |
| Total functional expenses | $1,880,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,497 |
| Savings and temporary cash investments | $1,029,033 |
| Pledges and grants receivable | $645,977 |
| Accounts receivable, net | $163,704 |
| 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 | $19,302 |
| Net Land, buildings, and equipment | $2,656,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,698,370 |
| Accounts payable and accrued expenses | $38,719 |
| Grants payable | $0 |
| Deferred revenue | $26,300 |
| 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 | $65,019 |
| Net assets without donor restrictions | $3,169,136 |
| Net assets with donor restrictions | $1,464,215 |
| 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 | $4,698,370 |