Asheville Christian Academy Inc
- Assets
- $26.4m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 194
- Location
- Swannanoa, NC
- Founding
- 01/1968
- Data as of
- 06/2021
- EIN
- 56-0889168
Organization Overview
Asheville Christian Academy Inc is located in Swannanoa, NC. The organization was established in 1968. 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, Asheville Christian Academy Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville 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 06/2021, Asheville Christian Academy Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $9.9m during the year ending 06/2021. While expenses have increased by 6.9% 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
OPERATION OF PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION AND EDUCATIONAL ACTIVITIES FOR STUDENTS FROM PRESCHOOL TO 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William George Ceo/head Of School | OfficerTrustee | 40 | $165,220 |
William Putnam CFO | Officer | 40 | $69,820 |
Nathan Renfro Treasurer | OfficerTrustee | 5 | $0 |
Ken Condra Secretary | OfficerTrustee | 5 | $0 |
Julie Wallace Vice Chair | OfficerTrustee | 5 | $0 |
Matthew Putnam Board Chairperson | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H & M Contractors Building Constr | 6/29/15 | $685,707 |
Redefine Maintenance Llc Maintenance | 6/29/15 | $141,369 |
Us Foods Food | 6/29/15 | $141,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,500 |
| Related organizations | $0 |
| Government grants | $983,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,666,942 |
| Noncash contributions included in lines 1a–1f | $18,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,674,177 |
| Total Program Service Revenue | $7,640,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,596 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,567,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,023,735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $235,040 |
| Compensation of current officers, directors, key employees. | $91,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,112,144 |
| Pension plan accruals and contributions | $216,344 |
| Other employee benefits | $991,719 |
| Payroll taxes | $323,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,385 |
| Advertising and promotion | $65,809 |
| Office expenses | $275,782 |
| Information technology | $35,368 |
| Royalties | $0 |
| Occupancy | $767,510 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $797,591 |
| Insurance | $78,412 |
| All other expenses | $274,508 |
| Total functional expenses | $9,946,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,616,599 |
| Savings and temporary cash investments | $246,641 |
| Pledges and grants receivable | $1,250,702 |
| Accounts receivable, net | $5,699,637 |
| 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 | $17,236,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,247 |
| Total assets | $26,373,626 |
| Accounts payable and accrued expenses | $546,017 |
| Grants payable | $0 |
| Deferred revenue | $6,179,043 |
| 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 | $2,241,079 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $695,369 |
| Total liabilities | $9,661,508 |
| Net assets without donor restrictions | $15,062,912 |
| Net assets with donor restrictions | $1,649,206 |
| 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 | $26,373,626 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Asheville Christian Academy Inc has recieved totaling $1,200,310.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $1,180,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $310 |
Endowment Analysis
| Beg. Balance | $287,417 |
| Earnings | $30,930 |
| Admin Expense | $3,027 |
| Net Contributions | $2,725 |
| Ending Balance | $318,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |