Christian Academy Of Knoxville Inc
- Assets
- $20.4m
- Revenue
- $20.4m
- Investments
- $26.9k
- Employees
- 271
- Location
- Knoxville, TN
- Founding
- 03/1978
- Data as of
- 06/2022
- EIN
- 62-1006269
Organization Overview
Christian Academy Of Knoxville Inc is located in Knoxville, TN. The organization was established in 1978. 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 06/2022, Christian Academy Of Knoxville Inc employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Academy Of Knoxville 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 06/2022, Christian Academy Of Knoxville Inc generated $20.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $16.7m during the year ending 06/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PARENTS BY PROVIDING THEIR CHILDREN WITH A CHRISTIAN EDUCATION (PRE-K THROUGH 12)
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN EDUCATION PRE-K THROUGH 12TH GRADE FOR 1028 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Cannon Treasurer | OfficerTrustee | 4 | $0 |
Greg Harb Secretary | OfficerTrustee | 4 | $0 |
Crystal Stinson Director | Trustee | 4 | $0 |
Clay Stokely Director | Trustee | 4 | $0 |
Janet Mclean Director | Trustee | 4 | $0 |
Dr Josh Whitehead Vice President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Dining Services/catering | 6/29/22 | $1,050,803 |
Coverall Of Eastern Tennessee Contractor/cleaning Services | 6/29/22 | $276,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,264 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,488,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,611,389 |
| Total Program Service Revenue | $15,805,877 |
| Investment income | $8,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,833 |
| Net Gain/Loss on Asset Sales | -$55,832 |
| Net Income from Fundraising Events | $1,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,440,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,181,671 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $699,622 |
| Compensation of current officers, directors, key employees. | $69,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,923,092 |
| Pension plan accruals and contributions | $92,548 |
| Other employee benefits | $1,448,916 |
| Payroll taxes | $501,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,000 |
| Advertising and promotion | $56,430 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $801,724 |
| Travel | $78,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,526 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,035,662 |
| Insurance | $144,184 |
| All other expenses | $738,676 |
| Total functional expenses | $16,667,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,245,500 |
| Pledges and grants receivable | $3,339,737 |
| Accounts receivable, net | $44,025 |
| 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 | $171,798 |
| Net Land, buildings, and equipment | $12,569,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,855 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,397,612 |
| Accounts payable and accrued expenses | $955,703 |
| Grants payable | $0 |
| Deferred revenue | $761,726 |
| 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 | $2,053,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $540,372 |
| Total liabilities | $4,311,548 |
| Net assets without donor restrictions | $9,093,201 |
| Net assets with donor restrictions | $6,992,863 |
| 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 | $20,397,612 |