Arlington Classics Academy
- Assets
- $32.6m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 283
- Location
- Arlington, TX
- Founding
- 04/1998
- Data as of
- 08/2023
- EIN
- 75-2734435
Organization Overview
Arlington Classics Academy is located in Arlington, TX. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Arlington Classics Academy employed 283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Classics 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 08/2023, Arlington Classics Academy generated $16.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $16.3m during the year ending 08/2023. While expenses have increased by 5.2% 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
TO EQUIP A DIVERSE STUDENT BODY WITH A COMPREHENSIVE EDUCATION, INCLUDING A SPECIAL FOCUS ON WESTERN CIVILIZATION. STUDENTS WILL DEVELOP A COMMANDING KNOWLEDGE OF THE ORIGINS OF OUR LIBERTY AND THE ABILITY TO SUSTAIN IT THROUGH MORAL LEADERSHIP. WE AIM TO ACCOMPLISH THIS GOAL THROUGH A HIGH LEVEL OF ACADEMIC INSTRUCTION AND HIGH BEHAVIORAL EXPECTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING APPROXIMATELY 1,500 STUDENTS IN GRADES K THROUGH 8TH GRADE WITH A SPECIAL FOCUS ON WESTERN CIVILIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Sims E.d. Of Schools | Officer | 40 | $165,502 |
Greyden Barnett Director-Hr | 40 | $104,202 | |
Edna Ramsey Director | Trustee | 1 | $0 |
Tania Cotter Secretary | OfficerTrustee | 1 | $0 |
Deborah Sterba Director | Trustee | 1 | $0 |
Gary Soward Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meals Systems Inc Food Services | 8/30/22 | $503,491 |
Pritchard Industries Commercial Cleaning | 8/30/22 | $184,800 |
Dynamic Support Solutions Inc Consulting | 8/30/22 | $114,081 |
Cdw Government Technology | 8/30/22 | $222,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,172,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $6,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,172,194 |
| Total Program Service Revenue | $960,631 |
| Investment income | $469,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $16,601,876 |
| 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. | $164,831 |
| Compensation of current officers, directors, key employees. | $164,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,150,249 |
| Pension plan accruals and contributions | $489,074 |
| Other employee benefits | $602,701 |
| Payroll taxes | $149,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,059 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $903,463 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,993 |
| Travel | $80,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,105,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $701,832 |
| Insurance | $205,753 |
| All other expenses | $0 |
| Total functional expenses | $16,252,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648,848 |
| Savings and temporary cash investments | $530,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,816,706 |
| 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 | $107,681 |
| Net Land, buildings, and equipment | $18,356,719 |
| Investments—publicly traded securities | $11,176,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,636,667 |
| Accounts payable and accrued expenses | $1,313,696 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,969,022 |
| 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 | $22,282,718 |
| Net assets without donor restrictions | $6,855,003 |
| Net assets with donor restrictions | $3,498,946 |
| 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 | $32,636,667 |