The Woodlands Christian Academy
- Assets
- $52.9m
- Revenue
- $29.8m
- Investments
- $0.0
- Employees
- 270
- Location
- The Woodlands, TX
- Founding
- 11/1993
- Data as of
- 06/2023
- EIN
- 76-0391401
Organization Overview
The Woodlands Christian Academy is located in The Woodlands, TX. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Woodlands Christian Academy employed 270 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodlands 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, Woodlands Christian Academy generated $29.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $24.3m during the year ending 06/2023. While expenses have increased by 12.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TWCA IS AN INDEPENDENT, CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWCA'S LOWER SCHOOL OFFERS PRESCHOOL THROUGH 4TH GRADE CLASSES. THE MIDDLE SCHOOL OFFERS 5TH THROUGH 8TH GRADE CLASSES. THE UPPER SCHOOL'S THREE-TIERED CURRICULUM OFFERS HIGH SCHOOL COURSES FOR LEVEL, HONORS, AND ADVANCED PLACEMENT. TWCA'S UPPER SCHOOL ROUNDS OUT ITS ACADEMIC PROGRAM THROUGH EXTENSIVE SPORTS AND EXTRACURRICULAR OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony George Chief Governance Officer | OfficerTrustee | 2 | $0 |
Carolyn Atkinson Secretary | OfficerTrustee | 1 | $0 |
Billy Brown Board Member | Trustee | 1 | $0 |
Lucas Duvall Board Member | Trustee | 1 | $0 |
Patricia Gutknecht Board Member | Trustee | 1 | $0 |
Shawn Young Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dtk Facility Services Llc Janitorial Services | 6/29/23 | $367,409 |
Sli Group Construction Services | 6/29/23 | $279,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,725,690 |
| Related organizations | $0 |
| Government grants | $1,127,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,001,726 |
| Noncash contributions included in lines 1a–1f | $339,228 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,854,656 |
| Total Program Service Revenue | $23,006,543 |
| Investment income | $767,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $190,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,818,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,991,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $673,964 |
| Compensation of current officers, directors, key employees. | $84,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,473,987 |
| Pension plan accruals and contributions | $326,624 |
| Other employee benefits | $836,798 |
| Payroll taxes | $870,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,773 |
| Fees for services: Accounting | $42,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $266,919 |
| Advertising and promotion | $201,611 |
| Office expenses | $350,373 |
| Information technology | $684,055 |
| Royalties | $0 |
| Occupancy | $439,168 |
| Travel | $306,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,349,517 |
| Insurance | $111,093 |
| All other expenses | $181,688 |
| Total functional expenses | $24,337,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,324,630 |
| Savings and temporary cash investments | $25,386,844 |
| Pledges and grants receivable | $2,712,150 |
| Accounts receivable, net | $22,355 |
| 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 | $165,568 |
| Net Land, buildings, and equipment | $21,933,629 |
| Investments—publicly traded securities | $326,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,872,046 |
| Accounts payable and accrued expenses | $1,353,516 |
| Grants payable | $0 |
| Deferred revenue | $13,867,237 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $132,381 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,591,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,944,769 |
| Net assets without donor restrictions | $26,396,173 |
| Net assets with donor restrictions | $9,531,104 |
| 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 | $52,872,046 |