Heritage Christian Academy
- Assets
- $16.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 121
- Location
- Rockwall, TX
- Founding
- 10/1996
- Data as of
- 06/2023
- EIN
- 75-2584148
Organization Overview
Heritage Christian Academy is located in Rockwall, TX. The organization was established in 1996. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Heritage Christian Academy employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage 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.
For the year ending 06/2023, Heritage Christian Academy generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $5.3m during the year ending 06/2023. While expenses have increased by 3.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL IS AN INDEPENDENT, MULTI-DENOMINATIONAL, BIBLICALLY BASED CHRISTIAN SCHOOL, THAT DESIRES TO WORK WITH FAMILIES ACROSS THE SPECTRUM OF THE BODY OF CHRIST TO PRODUCE A DISTINCTIVELY CHRISTIAN COLLEGE PREPARATORY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ACADEMY IS TO ESTABLISH, OPERATE AND MAINTAIN A CHRISTIAN SCHOOL FURTHERING THE GOSPEL BY EDUCATING CHILDREN IN THE TEACHINGS OF JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Helmer Head Of School | Officer | 40 | $125,457 |
Kevin Olvier Trustee | Trustee | 1 | $0 |
Jon Archibald Trustee | Trustee | 1 | $0 |
Tatianna Sanders Trustee | Trustee | 1 | $0 |
Brian Mckinney Trustee | Trustee | 1 | $0 |
Stephen Cox Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $274,156 |
| Related organizations | $1,593,553 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,262,142 |
| Total Program Service Revenue | $5,259,399 |
| Investment income | $612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,567,953 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,458,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,300 |
| Advertising and promotion | $0 |
| Office expenses | $738,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $305,870 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,173 |
| Insurance | $87,723 |
| All other expenses | $324,024 |
| Total functional expenses | $5,270,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,037 |
| Savings and temporary cash investments | $2,282,343 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,024 |
| 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 | $13,516,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,459 |
| Total assets | $16,185,133 |
| Accounts payable and accrued expenses | $1,218,957 |
| Grants payable | $0 |
| Deferred revenue | $1,415,446 |
| 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 | $7,970,375 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,672 |
| Total liabilities | $10,741,450 |
| Net assets without donor restrictions | $2,571,756 |
| Net assets with donor restrictions | $2,871,927 |
| 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 | $16,185,133 |