Civic Intelligence

Grace Covenant Academy

990 • Fiscal year 2020 • EIN 27-0533151

Jun 01, 2019 to May 31, 2020 • Filed on Mar 22, 2022

Organization Profilewww.gcafrisco.org
8000 Sanctuary DriveFrisco, TX 75033

(469) 734-6466

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.19x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

41st percentile

1.6%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

71st percentile

$60,050

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-0.0%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$179,258

Down $28,396 (-14%) from 2019

Net Assets

Up

$12,521

Up $13,786 (+1090%) from 2019

Liabilities

Down

$166,737

Down $42,182 (-20%) from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin41st percentile

Revenue

Down

$861,875

Down $156 (-0.0%) from 2019

Expenses

Down

$847,987

Down $3,128 (-0.4%) from 2019

Net Income

Up

$13,888

Up $2,972 (+27%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2016: $22,810Liabilities 2016: $0Net Assets 2016: $22,8102016Assets 2017: $44,525Liabilities 2017: $7,951Net Assets 2017: $36,5742017Assets 2019: $207,654Liabilities 2019: $208,919Net Assets 2019: -$1,2652019Assets 2020: $179,258Liabilities 2020: $166,737Net Assets 2020: $12,5212020Assets 2021: $151,771Liabilities 2021: $72,949Net Assets 2021: $78,8222021Assets 2022: $154,195Liabilities 2022: $77,948Net Assets 2022: $76,2472022

Highlighted filing

2020

Assets$179,258
Liabilities$166,737
Net Assets$12,521
Open 2020 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $426,056Expenses 2016: $434,808Net Income 2016: -$8,7522016Revenue 2017: $582,731Expenses 2017: $568,967Net Income 2017: $13,7642017Revenue 2019: $862,031Expenses 2019: $851,115Net Income 2019: $10,9162019Revenue 2020: $861,875Expenses 2020: $847,987Net Income 2020: $13,8882020Revenue 2021: $905,888Expenses 2021: $839,587Net Income 2021: $66,3012021Revenue 2022: $1,140,162Expenses 2022: $1,032,340Net Income 2022: $107,8222022

Highlighted filing

2020

Revenue$861,875
Expenses$847,987
Net Income$13,888
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Mar 22, 2022
Return Version
2019v5.0
Gross Receipts
$875,263
Mission and Program Overview

Mission

To assist and coach Christian parents in educating their children in a gospel-centered, academically excellent environment, teaching students to view all things through God's Word, cultivate a love for Him, apply His truth, and make His name known in the world.

To assist and coach Christian parents in educating their children in a gospel centered, academically excellent context to teach students to examine all things in light of God's word, cultivating a love for God, applying his truth and enabling them to make his name known in the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$204,385$168,289▼ $36,096
Prepaid Expenses and Deferred Charges-$7,700-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$207,654$179,258▼ $28,396
Other Assets Total$3,269$3,269→ $0
Liabilities
Unsecured Notes Loans Payable-$126,700-
Deferred Revenue$179,018$30,482▼ $148,536
Other Liabilities$25,676$6,011▼ $19,665
Accounts Payable and Accrued Expenses$4,225$3,544▼ $681
Total Liabilities$208,919$166,737▼ $42,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,265$12,521▲ $13,786
Total Net Assets Fund Balance$-1,265$12,521▲ $13,786
Total Liabilities and Net Assets / Fund Balance$207,654$179,258▼ $28,396
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brian SmithExecutive DirectorFT$60,050$60,050
Amy SmithDirectorFT$45,050$45,050

Board Members and Trustees

NameTitle
Bob HughesTrustee
Brian WebsterTrustee
Fred ShawTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$16,943
Program Service Revenue
$812,588
Investment Income
$212
Other Revenue
$32,132
All Other Contributions
$16,943
Change in Net Assets
$13,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$659,373
Other Expenses$188,614
Total Fundraising Expense$39,734
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$408,218$48,025$24,013$480,256
Current Officers, Directors, Trustees, and Key Employees$76,197$23,647$5,256$105,100
Occupancy$73,457$8,642$4,321$86,420
Payroll Taxes$39,828$4,686$2,343$46,857
Office Expenses$29,031$3,415$1,708$34,154
Other Employee Benefits$23,086$2,716$1,358$27,160
Other Expenses$24,121--$24,121
Fees for Services Accounting$6,236$733$367$7,336
Insurance$5,252$618$309$6,179
Travel$4,290--$4,290
Fees for Services Legal$808$95$47$950
Fees for Services Management$213$25$12$250
Total Functional Expenses$715,651$92,602$39,734$847,987
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,520
Fundraising Direct Expenses$13,388
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k$23,695$23,695$5,213$18,482
Auction$21,825$21,825$7,925$13,900
Total Events$45,520$45,520$13,138$32,382
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,988
Scholarship Donated Funds$1,020
Rounding$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Amy Smith wife”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board members associated with/involved in the financial management have reviewed the return with the school controller and outside CPA.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Grace Covenant Academy
EIN
27-0533151
Phone
4697346466
Address
8000 Sanctuary Drive, Frisco, TX 75033

Signing Officer

Name
Brian Smith
Title
Director
Signed
2022-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Smith
Formed
2009
Voting Board Members
4
Independent Board Members
3
Employees
41

Preparer

Firm
CKC CPAs & Advisors
Address
2600 ElDorado Pkwy Ste 120, McKinney, TX 75070
Preparer
Jovany Cossio
Phone
2147285120
Raw XML AppendixShowing 400 of 414 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04225
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03544
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To assist and coach Christian parents in educating their children in a gospel centered, academically excellent context to teach students to examine all things in light of God's word, cultivating a love for God, applying his truth and enabling them to make his name known in the world.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt016943
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0CKC CPAs Advisors
IRS990/BooksInCareOfDetail/PhoneNum02147285120
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02600 Eldorado Parkway
IRS990/BooksInCareOfDetail/USAddress/CityNm0McKinney
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075070
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0204385
IRS990/CashNonInterestBearingGrp/EOYAmt0168289
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt05256
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt023647
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt076197
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0105100
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt016943
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0212
IRS990/CYOtherExpensesAmt0188614
IRS990/CYOtherRevenueAmt032132
IRS990/CYProgramServiceRevenueAmt0812588
IRS990/CYRevenuesLessExpensesAmt013888
IRS990/CYSalariesCompEmpBnftPaidAmt0659373
IRS990/CYTotalExpensesAmt0847987
IRS990/CYTotalFundraisingExpenseAmt039734
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0861875
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0179018
IRS990/DeferredRevenueGrp/EOYAmt030482
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0To assist and coach Christian parents in educating their children in a gospel centered, academically excellent context to teach students to examine all things in light of God's word, cultivating a love for God, applying his truth and enabling them to make his name known in the world.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt041
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0715651
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0367
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0733
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06236
IRS990/FeesForServicesAccountingGrp/TotalAmt07336
IRS990/FeesForServicesLegalGrp/FundraisingAmt047
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt095
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0808
IRS990/FeesForServicesLegalGrp/TotalAmt0950
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/FundraisingAmt012
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt025
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0213
IRS990/FeesForServicesManagementGrp/TotalAmt0250
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Brian Smith
IRS990/Form990PartVIISectionAGrp/PersonNm1Amy Smith
IRS990/Form990PartVIISectionAGrp/PersonNm2Bob Hughes
IRS990/Form990PartVIISectionAGrp/PersonNm3Brian Webster
IRS990/Form990PartVIISectionAGrp/PersonNm4Fred Shaw
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt060050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt145050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt013388
IRS990/FundraisingGrossIncomeAmt045520
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0875263
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt0309
IRS990/InsuranceGrp/ManagementAndGeneralAmt0618
IRS990/InsuranceGrp/ProgramServicesAmt05252
IRS990/InsuranceGrp/TotalAmt06179
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0212
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0212
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To assist and coach Christian parents in educating their children in a gospel centered, academically excellent context to teach students to examine all things in light of God's word, cultivating a love for God, applying his truth and enabling them to make his name known in the world.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-1265
IRS990/NetAssetsOrFundBalancesEOYAmt012521
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt032132
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1265
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012521
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt04321
IRS990/OccupancyGrp/ManagementAndGeneralAmt08642
IRS990/OccupancyGrp/ProgramServicesAmt073457
IRS990/OccupancyGrp/TotalAmt086420
IRS990/OfficeExpensesGrp/FundraisingAmt01708
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03415
IRS990/OfficeExpensesGrp/ProgramServicesAmt029031
IRS990/OfficeExpensesGrp/TotalAmt034154
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03269
IRS990/OtherAssetsTotalGrp/EOYAmt03269
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01358
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02716
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023086
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027160
IRS990/OtherExpensesGrp/Desc0Student Expenses
IRS990/OtherExpensesGrp/Desc1Classroom Expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt024914
IRS990/OtherExpensesGrp/ProgramServicesAmt124121
IRS990/OtherExpensesGrp/TotalAmt024914
IRS990/OtherExpensesGrp/TotalAmt124121
IRS990/OtherLiabilitiesGrp/BOYAmt025676
IRS990/OtherLiabilitiesGrp/EOYAmt06011
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024013
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048025
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0408218
IRS990/OtherSalariesAndWagesGrp/TotalAmt0480256
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02343
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04686
IRS990/PayrollTaxesGrp/ProgramServicesAmt039828
IRS990/PayrollTaxesGrp/TotalAmt046857
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07700
IRS990/PrincipalOfficerNm0Brian Smith
IRS990/PriorPeriodAdjustmentsAmt0-102
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Application/Registration
IRS990/ProgramServiceRevenueGrp/Desc1Program Fees
IRS990/ProgramServiceRevenueGrp/Desc2Student Life
IRS990/ProgramServiceRevenueGrp/Desc3Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045360
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219351
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3740252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3740252
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0762
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0228800
IRS990/PYOtherRevenueAmt027963
IRS990/PYProgramServiceRevenueAmt0821889
IRS990/PYRevenuesLessExpensesAmt010916
IRS990/PYSalariesCompEmpBnftPaidAmt0622315
IRS990/PYTotalExpensesAmt0851115
IRS990/PYTotalRevenueAmt0862031
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt013888
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0812588
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Scholarship Donated Funds
IRS990ScheduleD/TotalLiabilityAmt06011
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Yes- published on website
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013138
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023695
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt045520
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023695
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt021825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045520
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032382
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013138
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05213
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07925
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Amy Smith wife
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board members associated with/involved in the financial management have reviewed the return with the school controller and outside CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0207654
IRS990/TotalAssetsEOYAmt0179258
IRS990/TotalAssetsGrp/BOYAmt0207654
IRS990/TotalAssetsGrp/EOYAmt0179258
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016943
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039734
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092602
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0715651
IRS990/TotalFunctionalExpensesGrp/TotalAmt0847987
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0208919
IRS990/TotalLiabilitiesEOYAmt0166737
IRS990/TotalLiabilitiesGrp/BOYAmt0208919
IRS990/TotalLiabilitiesGrp/EOYAmt0166737
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012521
IRS990/TotalProgramServiceExpensesAmt0715651
IRS990/TotalProgramServiceRevenueAmt0812588
IRS990/TotalReportableCompFromOrgAmt0105100
IRS990/TotalRevenueGrp/ExclusionAmt0212
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0812588
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0861875
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0207654
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0179258
IRS990/TravelGrp/ProgramServicesAmt04290
IRS990/TravelGrp/TotalAmt04290
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0126700
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08000 Sanctuary Drive
IRS990/USAddress/CityNm0Frisco
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075033
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.gcafrisco.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Grace Covenant Academy
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0270533151
ReturnHeader/Filer/PhoneNum04697346466
ReturnHeader/Filer/USAddress/AddressLine1Txt08000 Sanctuary Drive
ReturnHeader/Filer/USAddress/CityNm0Frisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$179,258
Liabilities
$166,737
Net assets
$12,521
Revenue
$861,875
Expenses
$847,987
Net income
$13,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.08$0.08$1.14$1.03$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.07$0.08$0.91$0.84$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.17$0.01$0.86$0.85$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.21$0.00$0.86$0.85$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.01$0.04$0.58$0.57$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.43$0.43$0.01