Christian Heritage Academy
- Assets
- $5.4m
- Revenue
- $1.6m
- Investments
- $356.3k
- Employees
- 26
- Location
- Lakeville, MN
- Founding
- 12/1986
- Data as of
- 06/2022
- EIN
- 41-1558764
Organization Overview
Christian Heritage Academy is located in Lakeville, MN. The organization was established in 1986. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Christian Heritage Academy employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Heritage 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, Christian Heritage Academy generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 9.5% 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
CHRISTIAN HERITAGE ACADEMY EXISTS TO EDUCATE CHILDREN WITH EXCELLENT ACADEMICS THAT PLACE CHRIST AT THE BEGINNING AND END OF ALL KNOWLEDGE AND TO LEAD CHILDREN INTO LIVES GUIDED BY CHRIST-CENTERED VALUES AND RESPECTFUL RELATIONSHIPS. WORKING TOGETHER WITH FAMILIES, WE SUPPORT AND NURTURE EACH CHILD TO BECOME A RESPONSIVE DISCIPLE OF JESUS CHRIST IN ORDER TO BE HIS SALT AND LIGHT IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE EDUCATE STUDENTS ACADEMICALLY IN GRADES PRE-KINDERGARTEN THROUGH 8TH GRADE. WE DEVELOP CHARACTER, FAITH & SERVICE TO THE COMMUNITY BOTH LOCALLY & GLOBALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Koski Principal | Officer | 40 | $51,816 |
Paula Yarnes Business Manager | Officer | 40 | $46,710 |
Erica Cedergren Smith Treasurer | OfficerTrustee | 2 | $0 |
Mike Blanchard President | OfficerTrustee | 2 | $0 |
Darby O'leary Vice President | OfficerTrustee | 2 | $0 |
Jon Boer Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,693 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,116 |
| Total Program Service Revenue | $1,466,721 |
| Investment income | $121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,530 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,647,761 |
| 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. | $124,377 |
| Compensation of current officers, directors, key employees. | $9,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $661,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,315 |
| Payroll taxes | $58,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,744 |
| Advertising and promotion | $11,399 |
| Office expenses | $25,918 |
| Information technology | $12,221 |
| Royalties | $0 |
| Occupancy | $56,552 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,969 |
| Insurance | $21,159 |
| All other expenses | $10,747 |
| Total functional expenses | $1,547,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,648 |
| Savings and temporary cash investments | $126 |
| Pledges and grants receivable | $77,604 |
| Accounts receivable, net | $14,038 |
| 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 | $8,796 |
| Net Land, buildings, and equipment | $4,176,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $356,325 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,395,567 |
| Accounts payable and accrued expenses | $32,504 |
| Grants payable | $0 |
| Deferred revenue | $762,013 |
| 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 | $3,590,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,384,750 |
| Net assets without donor restrictions | $933,213 |
| Net assets with donor restrictions | $77,604 |
| 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 | $5,395,567 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Christian Heritage Academy has recieved totaling $24,852.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,620 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
Grand View Christian School Association Inc Des Moines, IA | $3,097,175 | $6,383,728 |
Project Success-Students Undertaking Creative Control Minneapolis, MN | $9,553,286 | $4,323,696 |
Central Minnesota Christian School Prinsburg, MN | $18,739,916 | $5,096,698 |