Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2015 • EIN 41-1728882

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 24, 2015

Organization ProfileWWW.SCHAEFFERACADEMY.ORG

View Organization Page

2700 Schaeffer Lane NERochester, MN 55906-7671

(507) 286-1050

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.69x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.40x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

50th percentile

2.7%

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

36th percentile

$91,514

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

34th percentile

-2.2%

Faster asset growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

51st percentile

3.8%

Faster revenue growth than 51% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$5,502,243

Down $121,156 (-2.2%) from 2014

Net Assets

Up

$1,732,714

Up $72,579 (+4.4%) from 2014

Liabilities

Down

$3,769,529

Down $193,735 (-4.9%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin50th percentile

Revenue

Up

$2,695,983

Up $99,048 (+3.8%) from 2014

Expenses

Down

$2,623,404

Down $25,608 (-1.0%) from 2014

Net Income

Up

$72,579

Up $124,656 (+239%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,934,976Liabilities 2011: $4,259,380Net Assets 2011: $1,675,5962011Assets 2012: $5,871,848Liabilities 2012: $4,118,158Net Assets 2012: $1,753,6902012Assets 2013: $5,749,625Liabilities 2013: $4,037,413Net Assets 2013: $1,712,2122013Assets 2014: $5,623,399Liabilities 2014: $3,963,264Net Assets 2014: $1,660,1352014Assets 2015: $5,502,243Liabilities 2015: $3,769,529Net Assets 2015: $1,732,7142015Assets 2016: $5,449,405Liabilities 2016: $3,654,983Net Assets 2016: $1,794,4222016Assets 2017: $5,048,722Liabilities 2017: $3,475,771Net Assets 2017: $1,572,9512017Assets 2018: $4,900,594Liabilities 2018: $3,379,597Net Assets 2018: $1,520,9972018Assets 2019: $4,728,918Liabilities 2019: $3,226,790Net Assets 2019: $1,502,1282019Assets 2020: $4,893,662Liabilities 2020: $3,049,540Net Assets 2020: $1,844,1222020Assets 2021: $4,770,683Liabilities 2021: $2,889,180Net Assets 2021: $1,881,5032021Assets 2022: $4,871,434Liabilities 2022: $2,906,716Net Assets 2022: $1,964,7182022Assets 2023: $5,102,014Liabilities 2023: $2,856,918Net Assets 2023: $2,245,0962023Assets 2024: $5,172,680Liabilities 2024: $2,796,950Net Assets 2024: $2,375,7302024

Highlighted filing

2015

Assets$5,502,243
Liabilities$3,769,529
Net Assets$1,732,714
Open 2015 Filing

Operations Trend

Revenue Growth51st percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,237,5832011Revenue 2012: $2,486,037Expenses 2012: $2,406,743Net Income 2012: $79,2942012Revenue 2013: $2,527,186Expenses 2013: $2,568,664Net Income 2013: -$41,4782013Revenue 2014: $2,596,935Expenses 2014: $2,649,012Net Income 2014: -$52,0772014Revenue 2015: $2,695,983Expenses 2015: $2,623,404Net Income 2015: $72,5792015Revenue 2016: $2,728,995Expenses 2016: $2,667,287Net Income 2016: $61,7082016Revenue 2017: $2,542,437Expenses 2017: $2,763,908Net Income 2017: -$221,4712017Revenue 2018: $2,443,052Expenses 2018: $2,495,006Net Income 2018: -$51,9542018Revenue 2019: $2,527,960Expenses 2019: $2,546,829Net Income 2019: -$18,8692019Revenue 2020: $2,829,301Expenses 2020: $2,487,307Net Income 2020: $341,9942020Revenue 2021: $2,579,407Expenses 2021: $2,542,026Net Income 2021: $37,3812021Revenue 2022: $2,890,316Expenses 2022: $2,807,101Net Income 2022: $83,2152022Revenue 2023: $3,205,912Expenses 2023: $2,925,534Net Income 2023: $280,3782023Revenue 2024: $3,286,782Expenses 2024: $3,154,617Net Income 2024: $132,1652024

Highlighted filing

2015

Revenue$2,695,983
Expenses$2,623,404
Net Income$72,579
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 24, 2015
Return Version
2014v5.0
Gross Receipts
$2,936,712
Mission and Program Overview

Mission

We are teaching the permanent things: truth, beauty, and goodness.

Schaeffer academy remains committed to its original purpose of providing a christ-centered and classical education which emphasizes academic excellence. We base the philosophy and content of our education on the principle that it is necessary to remain faithful and obedient to the truth of god as revealed in scripture. Through instruction in the great books and ideas of western civilization, we emphasize grammar, logic, and rhetoric in all subjects, we encourage every student to develop a love for learning, and we provide an orderly atmosphere in which to accomplish those goals. We are teaching the permanent things: truth, beauty, and goodness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,007,735$4,848,035▼ $159,700
Savings and Temporary Cash Investments$363,595$433,484▲ $69,889
Cash and Non-Interest-Bearing Accounts$148,527$112,109▼ $36,418
Pledges and Grants Receivable$44,275$48,575▲ $4,300
Prepaid Expenses and Deferred Charges$39,761$35,484▼ $4,277
Inventories for Sale or Use$16,061$20,889▲ $4,828
Accounts Receivable$3,445$3,667▲ $222
Total Assets$5,623,399$5,502,243▼ $121,156
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,576,121$3,450,504▼ $125,617
Deferred Revenue$260,245$240,430▼ $19,815
Accounts Payable and Accrued Expenses$126,898$78,595▼ $48,303
Total Liabilities$3,963,264$3,769,529▼ $193,735
Net Assets / Fund Balance
Unrestricted Net Assets$1,517,252$1,561,501▲ $44,249
Temporarily Rstr Net Assets$142,883$171,213▲ $28,330
Total Net Assets Fund Balance$1,660,135$1,732,714▲ $72,579
Total Liabilities and Net Assets / Fund Balance$5,623,399$5,502,243▼ $121,156

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,998,366$1,807,496$5,805,862
Land$658,422-$658,422
Equipment$102,736$355,777$458,513
Other Land Buildings$88,511$71,459$159,970
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$72,498$19,016$91,514

Board Members and Trustees

NameTitle
Dr Andy VaughanChair
James ArpinVice Chair
Charles WallaceDirector
Kurt KnodelDirector
Roger MelderDirector
Ron LeeDirector
Rebecca MurraySecretary
Neal SangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$335,644
Program Service Revenue
$2,343,940
Investment Income
$744
Other Revenue
$15,655
All Other Contributions
$143,973
Change in Net Assets
$72,579

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table194$40,947Fair Market Value
Securities Publicly Traded2$15,840Fair Market Value
Total Noncash Contributions196$56,787-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,777,668
Other Expenses$726,086
Grants and Similar Amounts Paid$119,650
Total Fundraising Expense$24,375
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,005,624$176,609$9,527$1,191,760
Other Employee Benefits$399,383--$399,383
Occupancy$258,443$43,732-$302,175
Depreciation Depletion$191,921--$191,921
Grants to Domestic Individuals$119,650--$119,650
Payroll Taxes$80,381$13,881$749$95,011
Current Officers, Directors, Trustees, and Key Employees$82,978$8,099$437$91,514
Office Expenses-$26,410$13,137$39,547
All Other Expenses$32,868$249$525$33,642
Insurance-$30,761-$30,761
Other Expenses$28,188$9,691-$9,691
Advertising-$7,526-$7,526
Information Technology-$6,730-$6,730
Fees for Services Accounting-$5,613-$5,613
Travel$3,827--$3,827
Total Functional Expenses$2,269,728$329,301$24,375$2,623,404
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,965
Fundraising Gross Income$13,434
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gold Ribbon Gala$205,105$13,434$4,854$8,580
Total Events$205,105$13,434$13,965$-531
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ramie Phillips TeacherHEADMASTER KEITH PHILLIPS'S SPOUSECompensationNo$29,165
Bonnie Lee TeacherDIRECTOR RON LEE'S SPOUSECompensationNo$24,611
Ann Knodel ReceptionistDIRECTOR KURT KNODEL'S SPOUSECompensationNo$16,995
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
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, Part VI, Section A, Line 2

“Ramie phillips, the spouse of keith phillips, headmaster, works as a teacher for the organization. Ann knodel, spouse of kurt knodel, board director, works as a receptionist for the organization. Bonnie lee, spouse of ron lee, board director, works as a teacher for the organization.”

Form 990, Part VI, Section A, Line 6

“The parent(s) of each student is considered a member of the organization by signing an agreement.”

Form 990, Part VI, Section A, Line 7A

“The members of the organization elect the board of directors, but do not have any control over the actions of the board once elected.”

Form 990, Part VI, Section B, Line 11

“The board of directors reviews the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Board members and officers of the organization are required to disclose conflicts of interest as they arise. Also, each director and officer completes an annual conflict of interest disclosure form.”

Form 990, Part VI, Section B, Line 15

“The review of the headmaster's and assistant headmaster's compensation is completed by independent people who use comparative data and document the decision in a timely manner.”

Form 990, Part VI, Section C, Line 18

“Schaeffer academy makes its form 990 available upon request.”

Form 990, Part VI, Section C, Line 19

“Schaeffer academy does not make its governing documents, conflict of interest policy or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Schaeffer Academy
EIN
41-1728882
Phone
5072861050
Address
2700 SCHAEFFER LANE NE, ROCHESTER, MN 55906-7671

Signing Officer

Name
Neal Sanger
Title
Treasurer
Phone
5072861050
Signed
2015-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Sanger
Formed
1993
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
77
Volunteers
120

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Thomas H Wente
Phone
5072883277
Raw XML AppendixShowing 400 of 504 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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IRS990/ActivityOrMissionDesc0SCHAEFFER ACADEMY REMAINS COMMITTED TO ITS ORIGINAL PURPOSE OF PROVIDING A CHRIST-CENTERED AND CLASSICAL EDUCATION WHICH EMPHASIZES ACADEMIC EXCELLENCE. WE BASE THE PHILOSOPHY AND CONTENT OF OUR EDUCATION ON THE PRINCIPLE THAT IT IS NECESSARY TO REMAIN FAITHFUL AND OBEDIENT TO THE TRUTH OF GOD AS REVEALED IN SCRIPTURE. THROUGH INSTRUCTION IN THE GREAT BOOKS AND IDEAS OF WESTERN CIVILIZATION, WE EMPHASIZE GRAMMAR, LOGIC, AND RHETORIC IN ALL SUBJECTS, WE ENCOURAGE EVERY STUDENT TO DEVELOP A LOVE FOR LEARNING, AND WE PROVIDE AN ORDERLY ATMOSPHERE IN WHICH TO ACCOMPLISH THOSE GOALS. WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
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IRS990/MissionDesc0WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03576121
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03450504
IRS990/NetAssetsOrFundBalancesBOYAmt01660135
IRS990/NetAssetsOrFundBalancesEOYAmt01732714
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-531
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-531
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt07781
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt07781
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08405
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08405
IRS990/NetUnrelatedBusTxblIncmAmt0-3121
IRS990/NoncashContributionsAmt056787
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt043732
IRS990/OccupancyGrp/ProgramServicesAmt0258443
IRS990/OccupancyGrp/TotalAmt0302175
IRS990/OfficeExpensesGrp/FundraisingAmt013137
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026410
IRS990/OfficeExpensesGrp/TotalAmt039547
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0399383
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0399383
IRS990/OtherExpensesGrp/Desc0CLASS ACTIVITIES
IRS990/OtherExpensesGrp/Desc1ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc2CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09691
IRS990/OtherExpensesGrp/ProgramServicesAmt034106
IRS990/OtherExpensesGrp/ProgramServicesAmt132359
IRS990/OtherExpensesGrp/ProgramServicesAmt228188
IRS990/OtherExpensesGrp/TotalAmt034106
IRS990/OtherExpensesGrp/TotalAmt132359
IRS990/OtherExpensesGrp/TotalAmt228188
IRS990/OtherExpensesGrp/TotalAmt39691
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09527
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0176609
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01005624
IRS990/OtherSalariesAndWagesGrp/TotalAmt01191760
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0749
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013881
IRS990/PayrollTaxesGrp/ProgramServicesAmt080381
IRS990/PayrollTaxesGrp/TotalAmt095011
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt044275
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt048575
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039761
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035484
IRS990/PrincipalOfficerNm0NEAL SANGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc1MISC SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2YEARBOOK ADVERTISING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02332349
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02332349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21860
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01860
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0280127
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt099434
IRS990/PYInvestmentIncomeAmt0769
IRS990/PYOtherExpensesAmt0755875
IRS990/PYOtherRevenueAmt018617
IRS990/PYProgramServiceRevenueAmt02297422
IRS990/PYRevenuesLessExpensesAmt0-52077
IRS990/PYSalariesCompEmpBnftPaidAmt01793703
IRS990/PYTotalExpensesAmt02649012
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02596935
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt072579
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08405
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02342080
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0363595
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0433484
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03998366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01807496
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05805862
IRS990ScheduleD/EquipmentGrp/BookValueAmt0102736
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0355777
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0458513
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt088511
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt071459
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0159970
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04848035
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WHEN INTERESTED FAMILIES APPLY THEY ARE GIVEN A PACKET OF INFORMATION WHICH INCLUDES THE NONDISCRIMINATION POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1GOVERNMENT FINANICAL ASSISTANCE STATEMENT: SCHAEFFER ACADEMY PARTICIPATES IN THE GOVERNMENTAL MILK REIMBURSEMENT PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0730
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0730
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0191671
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0191671
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013965
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLD RIBBON GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt07321
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07321
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0205105
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0205105
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt013434
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt013434
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-531
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0503
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0503
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04854
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04854
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0557
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0557
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0118650
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PARTIAL SCHOLARSHIPS ARE GIVEN TO STUDENTS THAT DEMONSTRATE A FINANCIAL NEED. PREFERENCE IS GIVEN TO FAMILIES OF STUDENTS THAT ALSO DEMONSTRATE A STRONG INVOLVEMENT IN THE SCHOOL AND HAVE A DESIRE TO KEEP THEIR STUDENTS ENROLLED AT SCHAEFFER ACADEMY FOR THE DURATION OF THEIR EDUCATION.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TWO $500 MERIT SCHOLARSHIPS ARE AWARDED ANNUALLY BASED ON CHRISTIAN CHARACTER AND TEACHER RECOMMENDATIONS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt048
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt12
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RESTRICTED SCHOLARSHIP FUNDS FROM DONORS ARE APPLIED DIRECTLY TO STUDENT TUITION ACCOUNTS AND NOT DISBURSED TO ANY STUDENTS OR THE STUDENTS' FAMILIES. THEREFORE, THE ORGANIZATION ENSURES COMPLETE CONTROL OVER HOW THE DESIGNATED GRANT FUNDS ARE USED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RAMIE PHILLIPS TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1ANN KNODEL RECEPTIONIST
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2BONNIE LEE TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HEADMASTER KEITH PHILLIPS'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR KURT KNODEL'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2DIRECTOR RON LEE'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt029165
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt116995
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt224611
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2COMPENSATION
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0194
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION GOODS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt040947
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,502,243
Liabilities
$3,769,529
Net assets
$1,732,714
Revenue
$2,695,983
Expenses
$2,623,404
Net income
$72,579
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.17$2.80$2.38$3.29$3.15$0.13
2023Detailed filing. Detailed filing data is available for this year.$5.10$2.86$2.25$3.21$2.93$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.87$2.91$1.96$2.89$2.81$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.77$2.89$1.88$2.58$2.54$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.89$3.05$1.84$2.83$2.49$0.34
2019Detailed filing. Detailed filing data is available for this year.$4.73$3.23$1.50$2.53$2.55$0.02
2018Detailed filing. Detailed filing data is available for this year.$4.90$3.38$1.52$2.44$2.50$0.05
2017Detailed filing. Detailed filing data is available for this year.$5.05$3.48$1.57$2.54$2.76$0.22
2016Detailed filing. Detailed filing data is available for this year.$5.45$3.65$1.79$2.73$2.67$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.50$3.77$1.73$2.70$2.62$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.62$3.96$1.66$2.60$2.65$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.75$4.04$1.71$2.53$2.57$0.04
2012Summary only. Only limited summary data is available for this year.$5.87$4.12$1.75$2.49$2.41$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$4.26$1.68$2.24