Acsi Education Foundation
- Assets
- $1.2m
- Revenue
- $102.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 01/2008
- Data as of
- 09/2019
- EIN
- 30-0412105
Organization Overview
Acsi Education Foundation is located in Colorado Springs, CO. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acsi Education Foundation 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 09/2019, Acsi Education Foundation generated $102.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $138.9k during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF ACSI EDUCATION FOUNDATION IS TO SUPPORT THE WORK OF ACSI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF ACSI EDUCATION FOUNDATION IS TO SUPPORT THE WORK OF ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Reel Chairman/interim CEO (part Year) | OfficerTrustee | 1 | $0 |
Larry Taylor Chairman/ceo | OfficerTrustee | 1 | $0 |
Tim Greener Secretary (part Year) | OfficerTrustee | 1 | $0 |
Bryan Miller Secretary & Part Year Board Member | OfficerTrustee | 1 | $0 |
Tucker Brown Board Member (part Year) | Trustee | 1 | $0 |
Dr Robert Griffith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,142 |
| Investment income | $32,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,142 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $336 |
| Fees for services: Accounting | $1,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,646 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $138,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,910 |
| Pledges and grants receivable | $120,000 |
| 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 |
| Investments—publicly traded securities | $1,067,122 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,195,032 |
| Accounts payable and accrued expenses | $3,059 |
| 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 | $3,059 |
| Net assets without donor restrictions | $691,973 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $500,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,191,973 |
Grants Awarded
Over the last fiscal year, Acsi Education Foundation has awarded $222,488 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL PURPOSE: Program support | $205,000 |
ACSI CHILDREN EDUCATION FUND INC PURPOSE: Program Support | $17,488 |