Civic Intelligence

Grace Covenant Academy

990 • Fiscal year 2025 • EIN 27-0533151

Jun 01, 2024 to May 31, 2025

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

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

63rd percentile

$91,131

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

37th percentile

0.0%

Faster asset growth than 37% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

36th percentile

0.0%

Faster revenue growth than 36% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$312,858

Up $158,663 (+103%) from 2022

Net Assets

Up

$303,575

Up $227,328 (+298%) from 2022

Liabilities

Down

$9,283

Down $68,665 (-88%) from 2022

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin62nd percentile

Revenue

Up

$1,717,763

Up $577,601 (+51%) from 2022

Expenses

Up

$1,535,397

Up $503,057 (+49%) from 2022

Net Income

Up

$182,366

Up $74,544 (+69%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$400K$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 2021: $151,771Liabilities 2021: $72,949Net Assets 2021: $78,8222021Assets 2022: $154,195Liabilities 2022: $77,948Net Assets 2022: $76,2472022Assets 2025: $312,858Liabilities 2025: $9,283Net Assets 2025: $303,5752025

Highlighted filing

2025

Assets$312,858
Liabilities$9,283
Net Assets$303,575
Open 2025 Filing

Operations Trend

Revenue Growth36th percentile

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

$2.0M$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 2021: $905,888Expenses 2021: $839,587Net Income 2021: $66,3012021Revenue 2022: $1,140,162Expenses 2022: $1,032,340Net Income 2022: $107,8222022Revenue 2025: $1,717,763Expenses 2025: $1,535,397Net Income 2025: $182,3662025

Highlighted filing

2025

Revenue$1,717,763
Expenses$1,535,397
Net Income$182,366
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Feb 24, 2026
Return Version
2024v5.2
Gross Receipts
$1,717,763
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 gospelcentered academically excellent environment teaching students to view all things through Gods Word cultivate a love for Him apply His truth and make His name known in the world

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,752$274,115▲ $186,363
Land, Buildings, and Equipment, Net$36,511$36,834▲ $323
Total Assets$124,263$312,858▲ $188,595
Other Assets Total-$1,909-
Liabilities
Other Liabilities-$5,398-
Accounts Payable and Accrued Expenses-$3,885-
Total Liabilities$0$9,283▲ $9,283
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$124,263$303,575▲ $179,312
Total Net Assets Fund Balance$124,263$303,575▲ $179,312
Total Liabilities and Net Assets / Fund Balance$124,263$312,858▲ $188,595

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,834-$36,834
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy SmithSecretaryFT$64,948$26,183$91,131
Brian P SmithPresidentFT$68,028$3,654$71,682
John S EibelBoard MemberPT$5,192-$5,192
Revenue and Support

Revenue Composition

Contributions and Grants
$91,304
Program Service Revenue
$1,626,169
Investment Income
$290
Other Revenue
$0
All Other Contributions
$40,470
Change in Net Assets
$182,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,117,148
Other Expenses$418,249
Total Fundraising Expense$4,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$857,869--$857,869
Current Officers, Directors, Trustees, and Key Employees$134,610--$134,610
Information Technology-$101,314-$101,314
Occupancy$84,439--$84,439
Payroll Taxes$74,016--$74,016
Other Employee Benefits$50,653--$50,653
Other Expenses$28,504-$4,521$28,504
Office Expenses$5,138$19,977-$25,115
Fees for Services Other$15,310$850-$16,160
Fees for Services Accounting-$12,916-$12,916
Insurance-$8,745-$8,745
Advertising-$7,334-$7,334
Conferences and Meetings$5,023$457-$5,480
All Other Expenses$478$4,242-$4,720
Travel$1,294--$1,294
Fees for Services Legal-$1,000-$1,000
Interest-$554-$554
Total Functional Expenses$1,373,487$157,389$4,521$1,535,397
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ninja Challenge Race$50,834-$2,607-
Total Events$50,834-$4,521$-4,521
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,165
Credit Cards$1,935
Equipment restricted fund$1,020
Line of Credit$277
Rounding$1
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

Part VI Line 2

“Brian Smith is married to Amy Smith (both board members)”

Part VI Line 2

“John Eibel (borad member) is married to Sarah Eibel (employee).”

Part VI Line 11B

“Brian Smith (Exec. Director) & Amy Smith (Director) review”

Part VI Line 11B

“the return prior to filing.”

Part VI Line 19

“IRS Data (Tax Exempt Organization Search)”

Filing and Contact Details

Filer

Filer Name
Grace Covenant Academy
EIN
27-0533151
In Care Of
% Brian Smith
Phone
4697346466
Address
8000 Sanctuary Drive, Frisco, TX 75033

Signing Officer

Name
Brian Smith
Title
Exec Director
Phone
4697346466
Signed
2026-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian P Smith
Formed
2009
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
57
Volunteers
20

Preparer

Firm
Hawk Tax Solutions LLC
Address
6401 Eldorado Parkway, 414, McKinney, TX 75070
Preparer
Ashley N Davis
Phone
2147285120
Supplemental Narrative

Additional Explanations

Part III Line 4D

“Expenses: $164267.00 including grants of: $0.00 Revenue: $36887.00”

Part III Line 4D

“Provides student life & enrichment programs including field trips, student”

Part III

“activities, & meal services that support student development.”

Raw XML Appendix395 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.

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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Ninja Challenge Race
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01914
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01914
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt050834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt050834
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4521
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02607
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02607
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Brian Smith is married to Amy Smith (both board members)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1John Eibel (borad member) is married to Sarah Eibel (employee).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Brian Smith (Exec. Director) & Amy Smith (Director) review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3the return prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IRS Data (Tax Exempt Organization Search)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Expenses: $164267.00 including grants of: $0.00 Revenue: $36887.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Provides student life & enrichment programs including field trips, student
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7activities, & meal services that support student development.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part III Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part III
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0124263
IRS990/TotalAssetsEOYAmt0312858
IRS990/TotalAssetsGrp/BOYAmt0124263
IRS990/TotalAssetsGrp/EOYAmt0312858
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt091304
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04521
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0157389
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01373487
IRS990/TotalFunctionalExpensesGrp/TotalAmt01535397
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt09283
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt09283
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0124263
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0303575
IRS990/TotalOtherCompensationAmt029837
IRS990/TotalOtherProgSrvcExpenseAmt0164267
IRS990/TotalOtherProgSrvcRevenueAmt036887
IRS990/TotalProgramServiceExpensesAmt01368894
IRS990/TotalProgramServiceRevenueAmt01626169
IRS990/TotalReportableCompFromOrgAmt0138168
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01626459
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01717763
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0124263
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0312858
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01294
IRS990/TravelGrp/TotalAmt01294
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08000 Sanctuary Drive
IRS990/USAddress/CityNm0Frisco
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075033
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.gcafrisco.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Exec Director
ReturnHeader/BusinessOfficerGrp/PhoneNum04697346466
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Grace Covenant Academy
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0270533151
ReturnHeader/Filer/InCareOfNm0% Brian Smith
ReturnHeader/Filer/PhoneNum04697346466
ReturnHeader/Filer/USAddress/AddressLine1Txt08000 Sanctuary Drive
ReturnHeader/Filer/USAddress/CityNm0Frisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075033
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0921047135
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hawk Tax Solutions LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06401 Eldorado Parkway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0414
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0McKinney
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075070
ReturnHeader/PreparerPersonGrp/PhoneNum02147285120
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY N DAVIS
ReturnHeader/ReturnTs02026-02-24T10:32:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$312,858
Liabilities
$9,283
Net assets
$303,575
Revenue
$1,717,763
Expenses
$1,535,397
Net income
$182,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.30$1.72$1.54$0.18
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
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