Civic Intelligence

Lakeland Christian Academy

EIN 35-1327583 • 501(c)3 • Winona Lake, IN

Profile

The organization exists to provide a biblically centered educational environment so that its students may be equiped to become christ honoring members of their families, churches and communities.

1093 S 250 EWinona Lake, IN 46590

www.lcacougars.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.13x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

59th percentile

9.2%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$95,825

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

79th percentile

20%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

19%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,148,772

Up $684,644 (+20%) from 2023

Liabilities

Up

$542,787

Up $305,257 (+129%) from 2023

Net Assets

Up

$3,605,985

Up $379,387 (+12%) from 2023

Revenue

Up

$4,115,409

Up $659,311 (+19%) from 2023

Expenses

Up

$3,736,022

Up $484,277 (+15%) from 2023

Net Income

Up

$379,387

Up $175,034 (+86%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2018: $2,758,913Liabilities 2018: $124,219Net Assets 2018: $2,634,6942018Assets 2019: $2,853,935Liabilities 2019: $177,868Net Assets 2019: $2,676,0672019Assets 2020: $2,932,806Liabilities 2020: $289,838Net Assets 2020: $2,642,9682020Assets 2021: $3,380,455Liabilities 2021: $510,286Net Assets 2021: $2,870,1692021Assets 2022: $3,265,036Liabilities 2022: $242,791Net Assets 2022: $3,022,2452022Assets 2023: $3,464,128Liabilities 2023: $237,530Net Assets 2023: $3,226,5982023Assets 2024: $4,148,772Liabilities 2024: $542,787Net Assets 2024: $3,605,9852024

Highlighted filing

2024

Assets$4,148,772
Liabilities$542,787
Net Assets$3,605,985

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $1,220,174Expenses 2018: $1,249,470Net Income 2018: -$29,2962018Revenue 2019: $1,432,105Expenses 2019: $1,390,731Net Income 2019: $41,3742019Revenue 2020: $1,386,121Expenses 2020: $1,419,220Net Income 2020: -$33,0992020Revenue 2021: $2,857,438Expenses 2021: $2,630,237Net Income 2021: $227,2012021Revenue 2022: $3,106,802Expenses 2022: $2,954,726Net Income 2022: $152,0762022Revenue 2023: $3,456,098Expenses 2023: $3,251,745Net Income 2023: $204,3532023Revenue 2024: $4,115,409Expenses 2024: $3,736,022Net Income 2024: $379,3872024

Highlighted filing

2024

Revenue$4,115,409
Expenses$3,736,022
Net Income$379,387

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 18, 2025
Return Version
2023v6.0
Gross Receipts
$4,115,409
Mission and Program Overview

Mission

Organization exists to provide a biblically centered educational environment so that its students may be equipped to become christ honoring members of their families, churches and communities.

The organization exists to provide a biblically centered educational environment so that its students may be equiped to become christ honoring members of their families, churches and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,029,752$1,874,176▼ $155,576
Savings and Temporary Cash Investments$863,315$902,102▲ $38,787
Cash and Non-Interest-Bearing Accounts-$466,076-
Prepaid Expenses and Deferred Charges$10,688$18,535▲ $7,847
Inventories for Sale or Use$3,000$3,000→ $0
Total Assets$3,464,128$4,148,772▲ $684,644
Other Assets Total$557,373$884,883▲ $327,510
Liabilities
Deferred Revenue$128,145$362,114▲ $233,969
Accounts Payable and Accrued Expenses$109,385$180,673▲ $71,288
Total Liabilities$237,530$542,787▲ $305,257
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,040,177$3,419,564▲ $379,387
Net Assets With Donor Restrictions$186,421$186,421→ $0
Total Net Assets Fund Balance$3,226,598$3,605,985▲ $379,387
Total Liabilities and Net Assets / Fund Balance$3,464,128$4,148,772▲ $684,644

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,655,336$2,510,737$4,166,073
Equipment$85,036$624,817$709,853
Land$133,804-$133,804
Other Assets Org$17,170--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,108-▲ $138-$1,188
2022$1,051-▲ $114-$1,108
2021$1,237-▼ $128-$1,051
2020$943-▲ $350-$1,237
2019$1,040-▼ $42-$943
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe ElrodAdministratoFT$95,825$95,825

Board Members and Trustees

NameTitle
Nate BoschPresident
Brandon StewartBoard Member
Don DeyongBoard Member
Janelle TurnerBoard Member
Jason EllisBoard Member
Karen StevensBoard Member
Larry MccallBoard Member
Lindsay GergelyBoard Member
Tad NieterBoard Member
Wendell MillerBoard Member
Al GrossnickleSecretary
Shawn StegerTreasurer
Tobe ForshtayVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$627,939
Program Service Revenue
$3,302,626
Investment Income
$119,476
Other Revenue
$65,368
All Other Contributions
$627,939
Change in Net Assets
$379,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,007,029
Other Expenses$728,993
Total Fundraising Expense$41,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,646,186$330,773$30,070$3,007,029
Occupancy$210,426$8,172-$218,598
Depreciation Depletion$155,577--$155,577
Office Expenses$23,184$24,342-$47,526
Information Technology-$40,759-$40,759
Insurance$28,068--$28,068
Advertising$21,627--$21,627
Conferences and Meetings$6,883$14,443-$21,326
Fees for Services Legal-$17,250-$17,250
Other Expenses$29,969$1,646$11,453$11,453
All Other Expenses$768$2,716-$3,484
Total Functional Expenses$3,254,398$440,101$41,523$3,736,022
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,368
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jog a Thon$65,368$65,368-$65,368
Total Events$65,368$65,368-$65,368
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The lca board memebers receive a copy of the completed 990 several days before the monthly meeting. At the boards regular meeting the board will review the 990 and either revise or approve the form for submission.

Form 990, Page 6, Part VI, Line 12C

Board members must complete a conflict of interest form each year

Form 990, Page 6, Part VI, Line 15A

Compensation of the administrator is based on educational level and years of experience, just as other faculty members, as well as a 5,000 stipend. The administrator's salary is reviewed and approved annualy by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation is based on educational level and years of experience, as well as a 5,000 stipend.

Form 990, Page 6, Part VI, Line 19

The association makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lakeland Christian Academy
EIN
35-1327583
Phone
5742677265
Address
1093 S 250 E, WINONA LAKE, IN 46590

Signing Officer

Name
Joe Elrod
Title
Administrator
Phone
5742677265
Signed
2025-02-18

Organization Details

Principal Officer
Joe Elrod
Formed
1974
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
131

Preparer

Firm
Hunsche CPA Group Inc
Address
220 INSURANCE DR STE A, FORT WAYNE, IN 46825
Preparer
Michael Hunsche CPA
Phone
2604847836
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1ATHLETIC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2CLASS & STUDENT FUND REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM RELATED RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03161555
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt254533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313548
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03161555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313548
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0421470
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt020395
IRS990/PYOtherExpensesAmt0769408
IRS990/PYOtherRevenueAmt049616
IRS990/PYProgramServiceRevenueAmt02964617
IRS990/PYRevenuesLessExpensesAmt0204353
IRS990/PYSalariesCompEmpBnftPaidAmt02482337
IRS990/PYTotalExpensesAmt03251745
IRS990/PYTotalRevenueAmt03456098
IRS990/ReconcilationRevenueExpnssAmt0379387
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0863315
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0902102
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01655336
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02510737
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04166073
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt058
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01108
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01188
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0138
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt057
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01051
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0114
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt015
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01237
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01051
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-128
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt014
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0943
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01237
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0350
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt012
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01040
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0943
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-42
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt085036
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0624817
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0709853
IRS990ScheduleD/LandGrp/BookValueAmt0133804
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0133804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0867713
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117170
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS - FMV
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01874176
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0884883
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0JOG A THON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt065368
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt065368
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt065368
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt065368
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt065368
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LCA BOARD MEMEBERS RECEIVE A COPY OF THE COMPLETED 990 SEVERAL DAYS BEFORE THE MONTHLY MEETING. AT THE BOARDS REGULAR MEETING THE BOARD WILL REVIEW THE 990 AND EITHER REVISE OR APPROVE THE FORM FOR SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MUST COMPLETE A CONFLICT OF INTEREST FORM EACH YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE ADMINISTRATOR IS BASED ON EDUCATIONAL LEVEL AND YEARS OF EXPERIENCE, JUST AS OTHER FACULTY MEMBERS, AS WELL AS A 5,000 STIPEND. THE ADMINISTRATOR'S SALARY IS REVIEWED AND APPROVED ANNUALY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS BASED ON EDUCATIONAL LEVEL AND YEARS OF EXPERIENCE, AS WELL AS A 5,000 STIPEND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03464128
IRS990/TotalAssetsEOYAmt04148772
IRS990/TotalAssetsGrp/BOYAmt03464128
IRS990/TotalAssetsGrp/EOYAmt04148772
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0627939
IRS990/TotalEmployeeCnt0131
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt041523
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0440101
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03254398
IRS990/TotalFunctionalExpensesGrp/TotalAmt03736022
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0237530
IRS990/TotalLiabilitiesEOYAmt0542787
IRS990/TotalLiabilitiesGrp/BOYAmt0237530
IRS990/TotalLiabilitiesGrp/EOYAmt0542787
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03226598
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03605985
IRS990/TotalProgramServiceExpensesAmt03254398
IRS990/TotalProgramServiceRevenueAmt03302626
IRS990/TotalReportableCompFromOrgAmt095825
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03422102
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04115409
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03464128
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04148772
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01093 W 250 E
IRS990/USAddress/CityNm0WINONA LAKE
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046590
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.LCACOUGARS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE ELROD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR

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