Heritage Christian Academy
- Assets
- $19.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 130
- Location
- Maple Grove, MN
- Founding
- 00/0000
- Data as of
- 07/2021
- EIN
- 41-2005352
Organization Overview
Heritage Christian Academy is located in Maple Grove, MN. The organization was established in 0000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Heritage Christian Academy employed 130 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Heritage Christian 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 07/2021, Heritage Christian Academy generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.9m during the year ending 07/2021. While expenses have increased by 2.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE COMMUNITY AS AN EVANGELICAL CHRISTIAN SCHOOL FOR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE CHRISTIAN ACADEMY IS A COLLEGE PREPARATORY CHRISTIAN SCHOOL THAT EDUCATED AN AVERAGE OF 535 STUDENTS DURING THE 2021/2022 SCHOOL YEAR. STUDENTS RECEIVED A BROAD LIBERAL ARTS EDUCATION IN A CHRISTIAN ENVIRONMENT, AS WELL AS THE OPPORTUNITY TO PARTICIPATE IN SPORTS, CLUBS, AND OTHER EXTRA-CURRICULAR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Scott President | Officer | 40 | $75,650 |
Micah Johnson Treasurer | OfficerTrustee | 2 | $0 |
Greg Williams Vice Chairman | OfficerTrustee | 2 | $0 |
Rhond Stuckey Secretary | OfficerTrustee | 2 | $0 |
Philip Dyrud Chairman | OfficerTrustee | 2 | $0 |
Pastor Peter Franz Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Line Roofing Roof Repair | 7/30/22 | $150,065 |
Heavenly Host Catering School Lunch & Catering | 7/30/22 | $146,368 |
Ari Mechanical Services Hvac Maintenance | 7/30/22 | $203,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $504,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $458,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $963,405 |
| Total Program Service Revenue | $4,983,626 |
| Investment income | $18,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,795 |
| Net Gain/Loss on Asset Sales | -$120,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,046,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $780,435 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,136 |
| Compensation of current officers, directors, key employees. | $65,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,204,962 |
| Pension plan accruals and contributions | $10,776 |
| Other employee benefits | $258,900 |
| Payroll taxes | $157,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,175 |
| Fees for services: Accounting | $42,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,115 |
| Advertising and promotion | $70,359 |
| Office expenses | $58,451 |
| Information technology | $42,057 |
| Royalties | $0 |
| Occupancy | $269,140 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $293,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,733 |
| Insurance | $50,928 |
| All other expenses | $0 |
| Total functional expenses | $4,905,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,607 |
| Savings and temporary cash investments | $4,000,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10 |
| 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 | $72,716 |
| Net Land, buildings, and equipment | $14,877,458 |
| Investments—publicly traded securities | $31,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,054,621 |
| Accounts payable and accrued expenses | $260,279 |
| Grants payable | $0 |
| Deferred revenue | $1,278,249 |
| 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 | $6,267,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,161 |
| Total liabilities | $7,946,815 |
| Net assets without donor restrictions | $10,906,003 |
| Net assets with donor restrictions | $201,803 |
| 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 | $19,054,621 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Christian Academy has recieved totaling $209,515.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $194,515 |
United Way Of Bergen County Paramus, NJ PURPOSE: DONOR DESIGNATION | $15,000 |
Endowment Analysis
| Beg. Balance | $23,690 |
| Earnings | -$1,838 |
| Ending Balance | $21,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Des Moines Christian School Urbandale, IA | $33,454,159 | $19,777,183 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |
Marty Indian School Board Inc Marty, SD | $22,784,414 | $13,798,378 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |