Lake Country Classical Academy Inc
- Assets
- $1.6m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Oconomowoc, WI
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 83-3637703
Organization Overview
Lake Country Classical Academy Inc is located in Oconomowoc, WI. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lake Country Classical Academy Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Country Classical Academy 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 06/2022, Lake Country Classical Academy Inc generated $5.6m in total revenue. All expenses for the organization totaled $4.7m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH, CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE. LAKE COUNTRY CLASSICAL ACADEMY (LCCA) ADDRESSES THE REAL NEED FOR TUITION-FREE, HIGH-QUALITY, TEACHER-LED EDUCATION, K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE COUNTRY CLASSICAL ACADEMY (LCCA) ADDRESSES THE REAL NEED FOR TUITION-FREE, HIGH-QUALITY, TEACHER-LED EDUCATION, K-12. LCCA, A PUBLIC (TUITION-FREE) CHARTER SCHOOL, CURRENTLY SERVES KINDERGARTEN THROUGH 9TH GRADE STUDENTS. LCCA WILL EXPAND BY ONE GRADE EACH YEAR UNTILL FULLY SERVING GRADES K-12 BY 2024.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Vourax President And Founder | OfficerTrustee | 10 | $0 |
Daniel Fuhrman Vice President | OfficerTrustee | 10 | $0 |
Brian Hastings Treasurer | OfficerTrustee | 10 | $0 |
Tom Gehl Secretary | OfficerTrustee | 10 | $0 |
Timothy Peterson Board Member | Trustee | 10 | $0 |
Taryn Whipple Board Member And Founder | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $109,559 |
| Related organizations | $0 |
| Government grants | $4,415,956 |
| All other contributions, gifts, grants, and similar amounts not included above | $965,570 |
| Noncash contributions included in lines 1a–1f | $36,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,491,085 |
| Total Program Service Revenue | $87,976 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,095 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,594,436 |
| 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. | $199,155 |
| Compensation of current officers, directors, key employees. | $7,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,279,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $312,621 |
| Payroll taxes | $224,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,761 |
| Fees for services: Accounting | $67,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $360,759 |
| Advertising and promotion | $0 |
| Office expenses | $57,090 |
| Information technology | $119,977 |
| Royalties | $0 |
| Occupancy | $418,801 |
| Travel | $4,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,006 |
| Insurance | $20,152 |
| All other expenses | $3,423 |
| Total functional expenses | $4,688,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,082 |
| Savings and temporary cash investments | $11,918 |
| Pledges and grants receivable | $339,657 |
| 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 | $71,170 |
| Prepaid expenses and deferred charges | $16,362 |
| Net Land, buildings, and equipment | $571,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,834 |
| Total assets | $1,636,345 |
| Accounts payable and accrued expenses | $258,352 |
| Grants payable | $0 |
| Deferred revenue | $56,560 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $29,951 |
| Total liabilities | $594,863 |
| Net assets without donor restrictions | $968,197 |
| Net assets with donor restrictions | $73,285 |
| 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 | $1,636,345 |