Grace Academy Of North Texas
- Assets
- $2.0m
- Revenue
- $751.3k
- Investments
- $0.0
- Employees
- 37
- Location
- Celina, TX
- Founding
- Data as of
- 07/2017
- EIN
- 27-4643657
Organization Overview
Grace Academy Of North Texas, operating under the name Grace Classical, is located in Celina, TX. As of 07/2017, Grace Classical employed 37 individuals. Grace Classical 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 07/2017, Grace Classical generated $751.3k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.3m during the year ending 07/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
GRACE CLASSICAL DESIRES TO EDUCATE AND GRADUATE YOUNG MEN AND WOMEN WHO SEEK GOD'S WISDOM AND WILL IN ALL FACETS OF THEIR LIVES. WE DESIRE TO ACCOMPLISH THIS THROUGH IMMERSION IN GOD'S WORD; MAKING HIM THE CENTER OF ALL ASPECTS OF EACH STUDENT'S EDUCATION. WE DESIRE TO PROVIDE EXCELLENCE IN OUR CORE CURRICULUM AS WELL AS EXTRA-CURRICULAR ACTIVITIES IN ORDER TO DEVELOP EVERY CHILD'S GOD-GIVEN GIFTS. GRACE CLASSICAL IS COMMITTED TO MODELING AND TEACHING SERVANT LEADERSHIP PRINCIPLES SUCH AS HUMILITY, COMPASSION, AND SERVICE AS WITNESSED IN THE LIFE OF OUR LORD JESUS CHRIST. WE DESIRE TO PROVIDE OPPORTUNITIES TO EACH STUDENT REGARDLESS OF SOCIOECONOMIC BACKGROUND. GRACE CLASSICAL SEEKS TO PREPARE EACH STUDENT TO DISCERN, REASON, AND DEFEND TRUTH UPON GRADUATION; CONFIDENT IN THEMSELVES AS UNIQUE CREATIONS OF GOD; CONFIDENT IN THEIR ABILITY TO ARTICULATE AND EVANGELIZE THE WORD OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND GRADUATE YOUNG MEN AND WOMEN WHO SEEK GOD'S WISDOM AND WILL IN ALL FACETS OF THEIR LIVES. TO PROVIDE EXELLENCE IN OUR CORE CURRICULUM AS WELL AS EXTRA-CURRICULAR ACTIVITIES IN ORDER TO DEVELOP EVERY CHILD'S GOD-GIVEN GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell S Moses Chairman | OfficerTrustee | $0 | |
Michael Vana Vice Chairma | OfficerTrustee | $0 | |
Robert Ownby Treasurer | OfficerTrustee | $0 | |
William Webber Board Truste | Trustee | $0 | |
Tobin Haggard Board Truste | Trustee | $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 | $224,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,912 |
| Total Program Service Revenue | $349,724 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,557 |
| Net Income from Fundraising Events | $9,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $751,343 |
| 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 | $835,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,446 |
| Payroll taxes | $62,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,517 |
| Fees for services: Accounting | $10,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,685 |
| Advertising and promotion | $11,397 |
| Office expenses | $54,296 |
| Information technology | $6,547 |
| Royalties | $0 |
| Occupancy | $137,590 |
| Travel | $34,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,106 |
| Insurance | $13,875 |
| All other expenses | $0 |
| Total functional expenses | $1,334,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,475 |
| Savings and temporary cash investments | $0 |
| 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 | $1,948,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,010 |
| Total assets | $2,014,642 |
| Accounts payable and accrued expenses | $6,444 |
| 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 | $1,518,961 |
| Unsecured mortgages and notes payable | $190,067 |
| Other liabilities | $16,534 |
| Total liabilities | $1,732,006 |
| Unrestricted restricted net Assets | $272,626 |
| Temporarily restricted net Assets | $10,010 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $282,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace Academy Of North Texas has recieved totaling $13,774.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: North Texas Giving Day 2016 | $13,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |
Parking Facilities Corporation New Orleans, LA | $111,215,099 | $14,747,604 |
Salt Lake Legal Defender Association Salt Lake City, UT | $36,357,529 | $22,046,436 |
Coahoma Electric Power Assn Lyon, MS | $50,480,063 | $20,605,799 |
Dallas Arboretum & Botanical Dallas, TX | $108,730,665 | $21,414,580 |
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |