Grace Christian Academy
- Assets
- $4.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 51
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 08/2023
- EIN
- 37-2010873
Organization Overview
Grace Christian Academy is located in Grand Rapids, MI. 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 08/2023, Grace Christian Academy employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Christian 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 08/2023, Grace Christian Academy generated $6.4m in total revenue. All expenses for the organization totaled $2.2m during the year ending 08/2023. While expenses have increased by 44.4% per year over the past 3 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
TO INSTRUCT STUDENTS IN A PRIVATE SCHOOL SETTING, PROVIDING EDUCATIONAL PROGRAMS GRADES PRE-K THROUGH 12TH, TEACHING IS BASED ON PRINICIPLES OF THE WORD OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INSTRUCT STUDENTS IN A PRIVATE SCHOOL SETTING, PROVIDING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Engelsma President | OfficerTrustee | 5 | $0 |
Dick Westrate Vice President | OfficerTrustee | 5 | $0 |
Tim Kwekel Secretary | OfficerTrustee | 5 | $0 |
Jim Bleeker Treasurer | OfficerTrustee | 5 | $0 |
Kevin Ash Director | Trustee | 5 | $0 |
Nathan Englesm Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,047 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,652,853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,664,900 |
| Total Program Service Revenue | $1,498,271 |
| Investment income | $2,939 |
| 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 | $6,379,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,767 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,170,396 |
| Compensation of current officers, directors, key employees. | $186,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $19,952 |
| Other employee benefits | $216,815 |
| Payroll taxes | $90,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,331 |
| Fees for services: Lobbying | $62,284 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $99,178 |
| Information technology | $27,360 |
| Royalties | $0 |
| Occupancy | $37,010 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,014 |
| All other expenses | $0 |
| Total functional expenses | $2,222,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,954 |
| Savings and temporary cash investments | $4,735,546 |
| 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 | $1,966 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,750,466 |
| Accounts payable and accrued expenses | $36,667 |
| Grants payable | $0 |
| Deferred revenue | $267,685 |
| 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 | $53,873 |
| Total liabilities | $358,225 |
| Net assets without donor restrictions | $4,322,234 |
| Net assets with donor restrictions | $70,007 |
| 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 | $4,750,466 |
Grants Awarded
Over the last fiscal year, Grace Christian Academy has awarded $0 in support to 12 organizations.
| Grant Recipient | Amount |
|---|