Sunshine Bible Academy
- Assets
- $4.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Miller, SD
- Founding
- 10/1959
- Data as of
- 06/2021
- EIN
- 46-0230221
Organization Overview
Sunshine Bible Academy is located in Miller, SD. The organization was established in 1959. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Sunshine Bible Academy employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Bible 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 06/2021, Sunshine Bible Academy generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUNSHINE BIBLE ACADEMY IS A NON-DENOMINATIONAL CHRISTIAN BOARDING SCHOOL THAT EXISTS TO ASSIST PARENTS WITH THEIR RESPONSIBILITY TO RAISE THEIR CHILDREN IN THE NURTURE AND ADMONITION OF THE LORD BY INTEGRATING GOD'S TRUTH IN ALL AREAS OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A CHRISTIAN BOARDING SCHOOL AND ASSISTING PARENTS WITH THEIR RESPONSIBILITY TO RAISE THEIR CHILDREN IN THE NURTURE AND ADMONITION OF THE LORD BY INTEGRATING GOD'S TRUTH IN ALL AREAS OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Watson Superintendent | Officer | 40 | $48,500 |
Tom Young Chairman | OfficerTrustee | 3 | $0 |
Paul Beckwith Vice Chairman | OfficerTrustee | 3 | $0 |
Daniel Paul Treasurer | OfficerTrustee | 3 | $0 |
Jim Hofman Secretary | OfficerTrustee | 3 | $0 |
Brad Ufen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $701,379 |
| Investment income | $962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,672 |
| Net Gain/Loss on Asset Sales | -$13,199 |
| Net Income from Fundraising Events | -$2,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,255,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $43,641 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,364 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,221 |
| Payroll taxes | $35,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,746 |
| Office expenses | $49,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,254 |
| Insurance | $48,386 |
| All other expenses | $0 |
| Total functional expenses | $1,399,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,579 |
| Savings and temporary cash investments | $259,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,512 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,916,349 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $24,655 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,655 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,891,694 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sunshine Bible Academy has recieved totaling $167,043.
| Awarding Organization | Amount |
|---|---|
Sunshine Bible Academy Foundation Miller, SD PURPOSE: CATTLE PROGRAM | $78,675 |
Sunshine Bible Academy Foundation Miller, SD PURPOSE: FACILITY MAINTENANCE | $65,309 |
Sunshine Bible Academy Foundation Miller, SD PURPOSE: STUDENT SCHOLARSHIPS | $23,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |
Achieve Language Academy St Paul, MN | $7,414,026 | $6,915,145 |
Urban Academy St Paul, MN | $16,445,099 | $8,414,369 |
Rochester Math & Science Academy Rochester, MN | $6,275,658 | $8,397,219 |
Pella Christian Grade School Pella, IA | $20,327,726 | $5,655,142 |
Loneman School Corporation Oglala, SD | $12,469,968 | $11,895,435 |