Russell Christian Academy
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 88
- Location
- Meridian, MS
- Founding
- 01/2014
- Data as of
- 06/2022
- EIN
- 45-2496411
Organization Overview
Russell Christian Academy is located in Meridian, MS. The organization was established in 2014. 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 06/2022, Russell Christian Academy employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell 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 06/2022, Russell Christian Academy generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 5.8% 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
THE MISSION IS TO ENGAGE THE STUDENTS IN COLLEGE PREPARATORY THINKING AND LEARNING THAT IS INTERTWINED WITH BIBLICAL EDUCATION.STUDENTS WILL BE PROVIDED A CHRISTIAN EDUCATION THAT CHALLENGES EACH ONE SPIRITUALLY, MORALLY, SOCIALLY, PHYSICALLY, AND ACADEMICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH AN ENROLLMENT OF APPROXIMATELY 400 STUDENTS, RUSSELL CHRISTIAN ACADEMY IS THE LARGEST CHRISTIAN SCHOOL IN AN OVER 80 MILE RADIUS. IT PROVIDES A WELL-ROUNDED, COLLEGE PREP EDUCATION FROM A BIBLICAL WORLDVIEW. RUSSELL CHRISTIAN ACADEMY DESIRES FOR EVERY STUDENT TO ACHIEVE THEIR GOD-GIVEN POTENTIAL AND HONOR GOD WITH THEIR TALENTS AND ABILITIES BOTH INSIDE AND OUTSIDE OF THE CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Burleson Headmaster | Officer | 40 | $64,800 |
Jamie Morphis Asst Headmaster Counselor | Officer | 40 | $43,300 |
Lawrence Lippert Director Of Finance | Officer | 40 | $39,966 |
Glen Harper Board Member | Trustee | 0 | $0 |
Lori Stuckey Board Member | Trustee | 0 | $0 |
Mary J Robinson Board Member | Trustee | 0 | $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 | $33,629 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,629 |
| Total Program Service Revenue | $2,263,158 |
| Investment income | $250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,297,037 |
| 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. | $148,066 |
| Compensation of current officers, directors, key employees. | $104,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,087,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $96,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $268 |
| Office expenses | $22,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $375,008 |
| Travel | $4,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $941 |
| Interest | $44,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,198 |
| Insurance | $24,370 |
| All other expenses | $216,993 |
| Total functional expenses | $2,424,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,667 |
| Savings and temporary cash investments | $404,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,112 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,800,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,597,716 |
| Accounts payable and accrued expenses | $16,604 |
| Grants payable | $0 |
| Deferred revenue | $408,900 |
| 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 | $918,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,343,820 |
| Net assets without donor restrictions | $1,253,896 |
| Net assets with donor restrictions | $0 |
| 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 | $2,597,716 |