Christian Heritage Academy
- Assets
- $6.9m
- Revenue
- $3.0m
- Investments
- $889.4k
- Employees
- 35
- Location
- Lakeville, MN
- Founding
- 12/1986
- Data as of
- 06/2024
- 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 06/2024, Christian Heritage Academy employed 35 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 06/2024, Christian Heritage Academy generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 10.1% per year over the past 9 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
2024
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 |
|---|---|---|---|
Jon Boer President | OfficerTrustee | 2 | $0 |
Shane Flannery Vice President | OfficerTrustee | 2 | $0 |
Sam Bickel Director | Trustee | 2 | $0 |
Sunny Bowman Director | Trustee | 2 | $0 |
Terri Johnson Director | Trustee | 2 | $0 |
Joel Koski Principal | Officer | 40 | $68,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,321 |
| Related organizations | $0 |
| Government grants | $15,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,047,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,147,824 |
| Total Program Service Revenue | $1,803,279 |
| Investment income | $673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,825 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,521 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,990,122 |
| 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. | $214,562 |
| Compensation of current officers, directors, key employees. | $20,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $858,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,254 |
| Payroll taxes | $78,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,094 |
| Advertising and promotion | $5,789 |
| Office expenses | $31,083 |
| Information technology | $11,732 |
| Royalties | $0 |
| Occupancy | $72,006 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,139 |
| Insurance | $25,961 |
| All other expenses | $17,433 |
| Total functional expenses | $1,947,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,218 |
| Savings and temporary cash investments | $250,701 |
| Pledges and grants receivable | $64,143 |
| Accounts receivable, net | $18,399 |
| 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 | $13,803 |
| Net Land, buildings, and equipment | $4,864,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $889,432 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,879,635 |
| Accounts payable and accrued expenses | $184,959 |
| Grants payable | $0 |
| Deferred revenue | $906,013 |
| 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 | $3,355,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,446,684 |
| Net assets without donor restrictions | $1,343,794 |
| Net assets with donor restrictions | $1,089,157 |
| 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 | $6,879,635 |