Caldwell Academy
- Assets
- $21.1m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 202
- Location
- Greensboro, NC
- Founding
- 06/1996
- Data as of
- 06/2023
- EIN
- 56-1898871
Organization Overview
Caldwell Academy is located in Greensboro, NC. The organization was established in 1996. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Caldwell Academy employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caldwell 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 06/2023, Caldwell Academy generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $9.0m during the year ending 06/2023. While expenses have increased by 3.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A KINDERGARTEN THROUGH GRADE 12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. THE KINDERGARTEN THROUGH 12TH GRADE OPERATIONS INCLUDE RELATED SCHOOL ACTIVITIES SUCH AS CLUBS, ARTS AND SPORTS. THE SCHOOL ENROLLED 528 STUDENTS IN SCHOOL YEAR 2022-2023. TOTAL GRANTS CONSIST OF FINANCIAL AID AND FACULTY DISCOUNTS ASSISTANCE TO INDIVIDUALS. 137 INDIVIDUAL STUDENTS RECEIVED FINANCIAL AID AND FACULTY DISCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lapeirre Mike Chair | OfficerTrustee | 5 | $0 |
Kornegay John Vice Chair | OfficerTrustee | 5 | $0 |
Newkirk Brad Treasurer | OfficerTrustee | 5 | $0 |
Brown Heidi Board Member | OfficerTrustee | 1 | $0 |
Bates Dwight Board Member | Trustee | 1 | $0 |
Flynn Crystal Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landmark Builders Commercial Construction | 6/29/18 | $4,368,224 |
Teague Freyaldenhoven Freyaldenhoven Arc Architecture And Construction Management | 6/29/18 | $145,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $472,365 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $742,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,215,011 |
| Total Program Service Revenue | $7,561,098 |
| Investment income | $47,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,298 |
| Net Gain/Loss on Asset Sales | -$41,782 |
| Net Income from Fundraising Events | -$16,155 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,775,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,075,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,892 |
| Compensation of current officers, directors, key employees. | $131,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,181,156 |
| Pension plan accruals and contributions | $59,277 |
| Other employee benefits | $419,324 |
| Payroll taxes | $324,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,248 |
| Office expenses | $5,051 |
| Information technology | $170,328 |
| Royalties | $0 |
| Occupancy | $229,193 |
| Travel | $4,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $282,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $692,253 |
| Insurance | $76,973 |
| All other expenses | $518,651 |
| Total functional expenses | $9,010,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,740 |
| Savings and temporary cash investments | $1,718,451 |
| Pledges and grants receivable | $14,579 |
| Accounts receivable, net | $279,281 |
| 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 | $40,680 |
| Net Land, buildings, and equipment | $17,880,657 |
| Investments—publicly traded securities | $804,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $44,380 |
| Other assets | $0 |
| Total assets | $21,094,372 |
| Accounts payable and accrued expenses | $123,995 |
| Grants payable | $0 |
| Deferred revenue | $1,510,532 |
| 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 | $8,735,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $292,925 |
| Total liabilities | $10,662,686 |
| Net assets without donor restrictions | $9,442,658 |
| Net assets with donor restrictions | $989,028 |
| 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 | $21,094,372 |