Lexington Christian Academy Inc
- Assets
- $37.2m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 375
- Location
- Lexington, KY
- Founding
- 01/1990
- Data as of
- 05/2022
- EIN
- 61-1161777
Organization Overview
Lexington Christian Academy Inc is located in Lexington, KY. The organization was established in 1990. 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 05/2022, Lexington Christian Academy Inc employed 375 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington 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 05/2022, Lexington Christian Academy Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $15.2m during the year ending 05/2022. While expenses have increased by 1.0% 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
OUR MISSION IS TO EQUIP AND TO NURTURE STUDENTS TO FULFILL GOD'S CALLING ON THEIR LIVES THROUGH CHRIST-CENTERED EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AS AN INDEPENDENT, NON-DENOMINATIONAL CHRISTIAN SCHOOL TO PROVIDE CHRISTIAN EDUCATION FOR CHILDREN AT THE PRE-SCHOOL THROUGH SECONDARY LEVELS. LEXINGTON CHRISTIAN ACADEMY HAD AN ENROLLMENT OF 1,184 STUDENTS FOR THE YEAR ENDED MAY 31, 2022
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Scott Wells Head Of Scho | Officer | 40 | $146,161 |
Terry Johnson Athletic Dir | 40 | $102,172 | |
Morgan Wilson Director Of | Officer | 40 | $89,973 |
Danielle Eckman Advancement | OfficerTrustee | 2 | $0 |
Rachel Harper Board Chair | OfficerTrustee | 2 | $0 |
Tyler Johnson Student Life | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reliable Cleaning Services Inc Contract Cleaning | 5/30/20 | $122,865 |
Reliable Cleaning Services Inc Contract Cleaning | 5/30/20 | $122,865 |
Blue Grass Tours Inc Contract Transportation | 5/30/20 | $118,865 |
Blue Grass Tours Inc Contract Transportation | 5/30/20 | $118,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,732 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,401,485 |
| Noncash contributions included in lines 1a–1f | $2,174 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,550,217 |
| Total Program Service Revenue | $15,382,132 |
| Investment income | $32,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,004 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $176,023 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,280,442 |
| 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. | $236,134 |
| Compensation of current officers, directors, key employees. | $38,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,377,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,209,992 |
| Payroll taxes | $534,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,200 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,508 |
| Advertising and promotion | $58,517 |
| Office expenses | $42,949 |
| Information technology | $127,213 |
| Royalties | $0 |
| Occupancy | $264,596 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,828 |
| Interest | $300,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $972,708 |
| Insurance | $122,171 |
| All other expenses | $906,155 |
| Total functional expenses | $15,239,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,647,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,006,153 |
| Accounts receivable, net | $12,571,820 |
| 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 | $175,045 |
| Net Land, buildings, and equipment | $16,871,389 |
| Investments—publicly traded securities | $649,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $256,520 |
| Total assets | $37,177,484 |
| Accounts payable and accrued expenses | $1,223,342 |
| Grants payable | $0 |
| Deferred revenue | $13,127,492 |
| Tax-exempt bond liabilities | $6,327,010 |
| 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 | $20,677,844 |
| Net assets without donor restrictions | $14,856,723 |
| Net assets with donor restrictions | $1,642,917 |
| 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 | $37,177,484 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lexington Christian Academy Inc has recieved totaling $32,915.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $27,000 |
Joyce And V D Scott Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $915 |
Endowment Analysis
| Beg. Balance | $295,111 |
| Earnings | -$43,826 |
| Admin Expense | $2,612 |
| Ending Balance | $256,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
St Annes-Belfield Inc Charlottesville, VA | $122,363,605 | $34,335,007 |
Norfolk Academy Norfolk, VA | $147,079,429 | $29,484,040 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |