Civic Intelligence

Lakeland Christian Academy Association Inc.

990 • Fiscal year 2019 • EIN 35-1327583

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 02, 2020

1093 S 250 EWinona Lake, IN 46590

(574) 267-7265

Siviq Scores

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

Liabilities / Assets

46th percentile

0.06x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.12x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

2.9%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$63,113

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.4%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,853,935

Up $95,022 (+3.4%) from 2018

Net Assets

Up

$2,676,067

Up $41,373 (+1.6%) from 2018

Liabilities

Up

$177,868

Up $53,649 (+43%) from 2018

Revenue

Up

$1,432,105

Up $211,931 (+17%) from 2018

Expenses

Up

$1,390,731

Up $141,261 (+11%) from 2018

Net Income

Up

$41,374

Up $70,670 (+241%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$2,853,935
Liabilities$177,868
Net Assets$2,676,067

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$1,432,105
Expenses$1,390,731
Net Income$41,374
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 2, 2020
Return Version
2018v3.1
Gross Receipts
$1,432,105
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.

Organization exists to provide a biblically centered educational environment so that its 150 students may be equipped to become christ honoring members of their families, churches and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,461,945$2,426,705▼ $35,240
Savings and Temporary Cash Investments$104,054$215,866▲ $111,812
Prepaid Expenses and Deferred Charges$4,399$20,467▲ $16,068
Cash and Non-Interest-Bearing Accounts$22,249$10,124▼ $12,125
Accounts Receivable$2,431$3,189▲ $758
Inventories for Sale or Use$805$1,500▲ $695
Total Assets$2,758,913$2,853,935▲ $95,022
Other Assets Total$163,030$176,084▲ $13,054
Liabilities
Accounts Payable and Accrued Expenses$77,202$88,743▲ $11,541
Deferred Revenue$40,282$84,732▲ $44,450
Other Liabilities$6,736$4,393▼ $2,343
Total Liabilities$124,220$177,868▲ $53,648
Net Assets / Fund Balance
Unrestricted Net Assets$2,472,748$2,542,518▲ $69,770
Temporarily Rstr Net Assets$161,945$133,549▼ $28,396
Total Net Assets Fund Balance$2,634,693$2,676,067▲ $41,374
Total Liabilities and Net Assets / Fund Balance$2,758,913$2,853,935▲ $95,022

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,292,901$2,383,196$4,676,097
Land$133,804-$133,804
Other Assets Org$1,040--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,085-▲ $12-$1,040
2017$1,081-▲ $62-$1,085
2016$1,020-▲ $117-$1,081
2015$1,097-▼ $22-$1,020
2014$1,183-▼ $30-$1,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe ElrodAdministratoFT$63,113$63,113

Board Members and Trustees

NameTitle
Karen StevensChairman
Chad TwomblyVice Chair
Craig CalizoBoard Member
Deb GlockBoard Member
Don DeyoungBoard Member
Mark HanesBoard Member
Nate BoschBoard Member
Scott SilveusBoard Member
Al GrossnickleSecretary
Derrik HobbsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,954
Program Service Revenue
$1,091,278
Investment Income
$15,702
Other Revenue
$1,171
All Other Contributions
$323,954
Change in Net Assets
$41,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$887,488
Other Expenses$503,243
Total Fundraising Expense$44,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$457,971$295,978$37,833$791,782
Depreciation Depletion$137,054--$137,054
Occupancy$94,837$1,117-$95,954
Payroll Taxes$33,034$20,221$2,885$56,140
Other Employee Benefits$22,949$14,640$1,977$39,566
Information Technology$25,176$12,588-$37,764
Insurance$16,520--$16,520
All Other Expenses$1,931$4,876$2,301$9,108
Office Expenses$4,023$4,781-$8,804
Other Expenses$5,228--$5,228
Advertising$4,846--$4,846
Conferences and Meetings$3,431$311-$3,742
Fees for Services Accounting-$3,700-$3,700
Travel$3,165--$3,165
Fees for Services Other-$2,750-$2,750
Interest$300--$300
Fees for Services Legal-$178-$178
Total Functional Expenses$984,595$361,140$44,996$1,390,731
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,121
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Copier Loan$4,393
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 members receive a copy of the completed 990 several days before the monthly meeting. At the board's 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 annually 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
2020-01-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Elrod
Formed
1974
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
52
Volunteers
50

Preparer

Firm
Himes & Krull LLC
Address
PO BOX 153, PIERCETON, IN 46562
Preparer
Wendy Bills CPA
Phone
5745942002
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050
IRS990/OtherRevenueTotalAmt050
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037833
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0295978
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0457971
IRS990/OtherSalariesAndWagesGrp/TotalAmt0791782
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02885
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020221
IRS990/PayrollTaxesGrp/ProgramServicesAmt033034
IRS990/PayrollTaxesGrp/TotalAmt056140
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04399
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020467
IRS990/PrincipalOfficerNm0JOE ELROD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1CLASS & STUDENT FUND REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM RELATED RENTS
IRS990/ProgramServiceRevenueGrp/Desc3ATHLETICS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0921968
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1103203
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt240626
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt325481
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0921968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1103203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt240626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325481
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0112340
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01117
IRS990/PYOtherExpensesAmt0398736
IRS990/PYOtherRevenueAmt0-1895
IRS990/PYProgramServiceRevenueAmt01090882
IRS990/PYRevenuesLessExpensesAmt0-47027
IRS990/PYSalariesCompEmpBnftPaidAmt0850735
IRS990/PYTotalExpensesAmt01249471
IRS990/PYTotalRevenueAmt01202444
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt041374
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0104054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0215866
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/CYEndwmtFundGrp/AdministrativeExpensesAmt013
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01085
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01040
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt044
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt012
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt014
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01081
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01085
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt044
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt062
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt013
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01020
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01081
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt043
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0117
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt012
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01097
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01020
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt043
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-22
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt014
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01183
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01097
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt042
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-30
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0133804
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0133804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0175044
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11040
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PV REMAINDER TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1KCCF AGENCY FUND
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02292901
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02383196
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04676097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04393
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COPIER LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02426705
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0176084
IRS990ScheduleD/TotalLiabilityAmt04393
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/ExplanationTxt0PUBLISHED ON ALL LOCAL NEWSPAPER ADVERTISEMENTS DURING REGISTRATION PERIOD AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LCA BOARD MEMBERS RECEIVE A COPY OF THE COMPLETED 990 SEVERAL DAYS BEFORE THE MONTHLY MEETING. AT THE BOARD'S 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 ANNUALLY 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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0161945
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0133549

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