Christian Academy Of Knoxville Inc
- Assets
- $16.4m
- Revenue
- $19.4m
- Investments
- $29.5k
- Employees
- 268
- Location
- Knoxville, TN
- Founding
- 03/1978
- Data as of
- 06/2021
- 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 06/2021, Christian Academy Of Knoxville Inc employed 268 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 06/2021, Christian Academy Of Knoxville Inc generated $19.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $15.7m during the year ending 06/2021. While expenses have increased by 1.5% 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
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 931 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Coller Director Of Advancement | Officer | 40 | $140,973 |
Rich Fulford Head Of School | OfficerTrustee | 40 | $124,656 |
Krista Webb Director Of Finance And Op | Officer | 55 | $111,514 |
Reid Estus Athletics Director | Officer | 40 | $103,720 |
Susan Wallis Asst Head Of School/hs Principal | Officer | 40 | $95,363 |
Chris Cannon Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coverall Of Eastern Tennessee Contractor/cleaning Services | 6/29/21 | $207,384 |
Sage Dining Services Inc Dining Services/catering | 6/29/21 | $756,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,320 |
| Related organizations | $0 |
| Government grants | $1,371,687 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,956,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,340,970 |
| Total Program Service Revenue | $14,079,768 |
| Investment income | $13,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,050 |
| Net Gain/Loss on Asset Sales | -$73,266 |
| Net Income from Fundraising Events | $7,773 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,411,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,104,782 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $635,283 |
| Compensation of current officers, directors, key employees. | $635,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,610,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,395,839 |
| Payroll taxes | $410,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,875 |
| Advertising and promotion | $48,828 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $696,915 |
| Travel | $19,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $988,575 |
| Insurance | $143,560 |
| All other expenses | $578,542 |
| Total functional expenses | $15,663,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,802,579 |
| Pledges and grants receivable | $2,198,101 |
| Accounts receivable, net | $32,503 |
| 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 | $136,932 |
| Net Land, buildings, and equipment | $11,910,641 |
| Investments—publicly traded securities | $264,072 |
| Investments—other securities | $29,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,374,308 |
| Accounts payable and accrued expenses | $806,257 |
| Grants payable | $0 |
| Deferred revenue | $524,234 |
| 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 | $2,188,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $542,087 |
| Total liabilities | $4,060,863 |
| Net assets without donor restrictions | $8,547,445 |
| Net assets with donor restrictions | $3,766,000 |
| 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 | $16,374,308 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Christian Academy Of Knoxville Inc has recieved totaling $515,409.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $268,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $166,664 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |
Lenora And Alfred Glancy Foundation Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $10,000 |
The William B Stokely Jr Foundation Knoxville, TN PURPOSE: EDUCATION | $5,250 |
Endowment Analysis
| Beg. Balance | $212,227 |
| Net Contributions | $51,845 |
| Ending Balance | $264,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |