Waco Covenant Academy (dba Texas Christian Academy), operating under the name Texas Christian Academy, is located in Hewitt, TX. As of 05/2017, Texas Christian Academy employed 26 individuals. Texas Christian Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING EDUCATIONAL SERVICES TO STUDENTS 6TH THROUGH 12TH GRADE IN A CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES IN A CHRISTIAN ENVIRONMENT TO 60 STUDENTS GRADES 6 THROUGH 12 IN THE WACO AREA.
DISTRIBUTION OF REMAINING ASSETS TO OTHER NON PROFIT ORGANIZATIONS. SEE SCHEDULE N FOR DETAIL.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Howard President | OfficerTrustee | 2 | $0 |
Cindy Knapek Vice President | OfficerTrustee | 2 | $0 |
Diane Williams Secretary | OfficerTrustee | 2 | $0 |
Melissa Steinke Director | Trustee | 2 | $0 |
Angie Buro Director | Trustee | 2 | $0 |
Wayne Hampton Director | Trustee | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,615 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,919 |
| Total Program Service Revenue | $340,745 |
| Investment income | $113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,229 |
| Net Gain/Loss on Asset Sales | -$430,075 |
| Net Income from Fundraising Events | $6,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$19,457 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,286 |
| Advertising and promotion | $1,430 |
| Office expenses | $8,258 |
| Information technology | $6,264 |
| Royalties | $0 |
| Occupancy | $39,958 |
| Travel | $98 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,188 |
| Insurance | $25,825 |
| All other expenses | $572 |
| Total functional expenses | $506,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |