Lakeview Christian Academy Inc
- Assets
- $616.0k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 80
- Location
- Duluth, MN
- Founding
- 03/1993
- Data as of
- 07/2023
- EIN
- 41-1710169
Organization Overview
Lakeview Christian Academy Inc is located in Duluth, MN. The organization was established in 1993. 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 07/2023, Lakeview Christian Academy Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeview Christian Academy 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 07/2023, Lakeview Christian Academy Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.3m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. 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 PARTNER WITH CHRISTIAN PARENTS TO "TRAIN YOUNG CHAMPIONS FOR CHRIST - SPIRITUALLY, ACADEMICALLY, SOCIALLY, EMOTIONALLY, AND PHYSICALLY."
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN INDEPENDENT CHRISTIAN PRE-K THROUGH 12TH GRADE SCHOOL IN DULUTH, MINNESOTA. ENROLLMENT AT THE END OF THE 2022-2023 SCHOOL YEAR WAS 245 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Walls Head Of Scho | Officer | 40 | $88,458 |
Jill Broman Director | Trustee | 1 | $0 |
Joseph Fischer Vice Preside | OfficerTrustee | 1 | $0 |
Pete Franzen President | OfficerTrustee | 1 | $0 |
Jeff Hirschoff Director | Trustee | 1 | $0 |
Kjersten Larson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,179 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,896 |
| Total Program Service Revenue | $1,753,223 |
| Investment income | $510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $72,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,220,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $371,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,033 |
| Compensation of current officers, directors, key employees. | $17,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,110,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,640 |
| Payroll taxes | $92,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,218 |
| Advertising and promotion | $0 |
| Office expenses | $115,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,529 |
| Travel | $16,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,371 |
| Insurance | $14,286 |
| All other expenses | $0 |
| Total functional expenses | $2,260,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,940 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,987 |
| Prepaid expenses and deferred charges | $4,457 |
| Net Land, buildings, and equipment | $429,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,200 |
| Total assets | $615,997 |
| Accounts payable and accrued expenses | $58,980 |
| Grants payable | $0 |
| Deferred revenue | $177,886 |
| 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 | $233,668 |
| Unsecured mortgages and notes payable | $45,000 |
| Other liabilities | $37,147 |
| Total liabilities | $552,681 |
| Net assets without donor restrictions | -$8,380 |
| Net assets with donor restrictions | $71,696 |
| 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 | $615,997 |