Calvarey Academy Ministries Foundation Inc
- Assets
- $3.9m
- Revenue
- $178.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Mulberry, FL
- Founding
- 01/1966
- Data as of
- 12/2016
- EIN
- 39-1972409
Organization Overview
Calvarey Academy Ministries Foundation Inc is located in Mulberry, FL. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Calvarey Academy Ministries Foundation 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 12/2016, Calvarey Academy Ministries Foundation Inc generated $178.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (34.1%) each year. All expenses for the organization totaled $352.6k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE WORK OF CALVARY ACADEMY MINISTRIES BY RAISING FUNDS TO BE USED IN THE OPERATION OF THE ACADEMY. THE CURRENT ACADEMY MAINTAINS A SCHOOL FOR CHILDREN WITH BEHAVIORAL DIFFICULTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE WORK OF CALVARY ACADEMY MINISTRIES BY RAISING FUNDS TO BE USED IN THE OPERATION OF THE ACADEMY. THE CURRENT ACADEMY MAINTAINS A SCHOOL FOR CHILDREN WITH BEHAVIORAL DIFFICULTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Paul Hough Director | Trustee | 1 | $0 |
Rev Roger Schultz Director/adv | Trustee | 0 | $0 |
Mr Dale Mueller Chairman | Trustee | 0 | $0 |
Mr Tom Mcdonough Vice Chairma | Trustee | 0 | $0 |
Mr Robert Gronlund Director | Trustee | 0 | $0 |
Mr Erik Nelson Director/adv | Trustee | 0 | $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 | $178,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,119 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $178,119 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $204,253 |
| Payments to affiliates | $132,697 |
| Depreciation, depletion, and amortization | $900 |
| Insurance | $569 |
| All other expenses | $0 |
| Total functional expenses | $352,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $952,895 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,360,739 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,478 |
| Investments—publicly traded securities | $567,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,411 |
| Other assets | $0 |
| Total assets | $3,944,122 |
| Accounts payable and accrued expenses | $5,439 |
| 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 | $3,871,686 |
| Other liabilities | $1,221,627 |
| Total liabilities | $5,098,752 |
| Unrestricted restricted net Assets | -$1,154,630 |
| Temporarily restricted net Assets | $0 |
| 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 | -$1,154,630 |