Schaeffer Academy
- Assets
- $4.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 52
- Location
- Rochester, MN
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 41-1728882
Organization Overview
Schaeffer Academy is located in Rochester, MN. The organization was established in 1993. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Schaeffer Academy employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schaeffer 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, Schaeffer Academy generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 0.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCHAEFFER ACADEMY REMAINS COMMITTED TO ITS ORIGINAL PURPOSE OF PROVIDING A CHRIST-CENTERED AND CLASSICAL EDUCATION WHICH EMPHASIZES ACADEMIC EXCELLENCE. WE BASE THE PHILOSOPHY AND CONTENT OF OUR EDUCATION ON THE PRINCIPLE THAT IT IS NECESSARY TO REMAIN FAITHFUL AND OBEDIENT TO THE TRUTH OF GOD AS REVEALED IN SCRIPTURE. THROUGH INSTRUCTION IN THE GREAT BOOKS AND IDEAS OF WESTERN CIVILIZATION, WE EMPHASIZE GRAMMAR, LOGIC, AND RHETORIC IN ALL SUBJECTS, WE ENCOURAGE EVERY STUDENT TO DEVELOP A LOVE FOR LEARNING, AND WE PROVIDE AN ORDERLY ATMOSPHERE IN WHICH TO ACCOMPLISH THOSE GOALS. WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
Describe the Organization's Program Activity:
PROVIDES A CHRIST-CENTERED AND CLASSICAL EDUCATION TO STUDENTS IN GRADES K-12. ENROLLMENT FOR THE FISCAL YEAR AVERAGED 276 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Phillips Headmaster | Officer | 40 | $80,084 |
Cindy Schweighart Treasurer | Officer | 40 | $43,501 |
Jacob Allen ESQ Vice Chairman | OfficerTrustee | 2 | $0 |
Joel Pacyna Secretary | OfficerTrustee | 2 | $0 |
Cari Ekbom Chairman | OfficerTrustee | 2 | $0 |
Dr Andy Vaughan Resigned Director | Trustee | 2 | $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 | $226,771 |
| Noncash contributions included in lines 1a–1f | $9,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,771 |
| Total Program Service Revenue | $2,654,464 |
| Investment income | $344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,914 |
| 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 | $823 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,890,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $227,687 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,647 |
| Compensation of current officers, directors, key employees. | $84,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $977,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $547,182 |
| Payroll taxes | $82,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,405 |
| Advertising and promotion | $0 |
| Office expenses | $32,863 |
| Information technology | $4,268 |
| Royalties | $0 |
| Occupancy | $280,622 |
| Travel | $6,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,832 |
| Insurance | $29,170 |
| All other expenses | $55,666 |
| Total functional expenses | $2,807,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,151 |
| Savings and temporary cash investments | $704,968 |
| Pledges and grants receivable | $22,900 |
| Accounts receivable, net | $5,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,591 |
| Prepaid expenses and deferred charges | $43,053 |
| Net Land, buildings, and equipment | $3,996,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,871,434 |
| Accounts payable and accrued expenses | $90,332 |
| Grants payable | $0 |
| Deferred revenue | $237,216 |
| 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 | $2,579,168 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,906,716 |
| Net assets without donor restrictions | $1,880,052 |
| Net assets with donor restrictions | $84,666 |
| 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 | $4,871,434 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Schaeffer Academy has recieved totaling $70,202.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $31,886 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $17,627 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,120 |
Schaap Family Foundation Rochester, MN PURPOSE: CHRISTIAN EDUCATION SCHOLARSHIPS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Wayland Academy Beaver Dam, WI | $38,778,158 | $5,826,900 |
Math And Science Academy Woodbury, MN | $4,903,401 | $5,823,529 |
Transcenter For Youth Inc Milwaukee, WI | $3,574,936 | $5,873,696 |
Highland Community School Inc Milwaukee, WI | $5,222,011 | $5,260,055 |