Lexington Christian Academy Inc
- Assets
- $40.2m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 375
- Location
- Lexington, KY
- Founding
- 01/1990
- Data as of
- 05/2023
- 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 05/2023, 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 05/2023, Lexington Christian Academy Inc generated $18.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $16.2m during the year ending 05/2023. While expenses have increased by 1.7% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
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 1,358 STUDENTS FOR THE YEAR ENDED MAY 31, 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Scott Wells Head Of Scho | Officer | 40 | $148,838 |
Terry Johnson Athletic Dir | 40 | $108,800 | |
Seth Robinson Campus Opera | 40 | $102,450 | |
Morgan Wilson Director Of | Officer | 40 | $89,973 |
Dusty Bonner Board Member | Trustee | 1 | $0 |
Danielle Eckman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reliable Cleaning Services Inc Contract Cleaning | 5/30/20 | $122,865 |
Blue Grass Tours Inc Contract Transportation | 5/30/20 | $118,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $342,825 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,405,358 |
| Total Program Service Revenue | $16,396,384 |
| Investment income | $76,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $122,862 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $220,865 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,204,764 |
| 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. | $238,811 |
| Compensation of current officers, directors, key employees. | $23,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,819,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,553,033 |
| Payroll taxes | $576,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,621 |
| Fees for services: Accounting | $37,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,254 |
| Advertising and promotion | $57,288 |
| Office expenses | $49,921 |
| Information technology | $77,440 |
| Royalties | $0 |
| Occupancy | $313,457 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,858 |
| Interest | $268,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,044,888 |
| Insurance | $138,239 |
| All other expenses | $1,151,186 |
| Total functional expenses | $16,208,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,696,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $393,209 |
| Accounts receivable, net | $14,139,714 |
| 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 | $220,575 |
| Net Land, buildings, and equipment | $17,354,662 |
| Investments—publicly traded securities | $4,989,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $441,403 |
| Total assets | $40,235,162 |
| Accounts payable and accrued expenses | $1,396,714 |
| Grants payable | $0 |
| Deferred revenue | $14,560,028 |
| Tax-exempt bond liabilities | $5,569,893 |
| 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 | $209,770 |
| Total liabilities | $21,736,405 |
| Net assets without donor restrictions | $17,744,551 |
| Net assets with donor restrictions | $754,206 |
| 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 | $40,235,162 |