Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2016 • EIN 41-1728882

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 17, 2017

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

0.67x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

1.34x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

50th percentile

2.3%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

34th percentile

$87,494

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

37th percentile

-1.0%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

1.2%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$5,449,405

Down $52,838 (-1.0%) from 2015

Net Assets

Up

$1,794,422

Up $61,708 (+3.6%) from 2015

Liabilities

Down

$3,654,983

Down $114,546 (-3.0%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin50th percentile

Revenue

Up

$2,728,995

Up $33,012 (+1.2%) from 2015

Expenses

Up

$2,667,287

Up $43,883 (+1.7%) from 2015

Net Income

Down

$61,708

Down $10,871 (-15%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2016

Assets$5,449,405
Liabilities$3,654,983
Net Assets$1,794,422
Open 2016 Filing

Operations Trend

Revenue Growth45th 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

2016

Revenue$2,728,995
Expenses$2,667,287
Net Income$61,708
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$2,910,485
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$4,848,035$4,725,168▼ $122,867
Savings and Temporary Cash Investments$433,484$437,034▲ $3,550
Cash and Non-Interest-Bearing Accounts$112,109$187,688▲ $75,579
Pledges and Grants Receivable$48,575$39,550▼ $9,025
Prepaid Expenses and Deferred Charges$35,484$36,433▲ $949
Inventories for Sale or Use$20,889$15,791▼ $5,098
Accounts Receivable$3,667$7,741▲ $4,074
Total Assets$5,502,243$5,449,405▼ $52,838
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,450,504$3,318,461▼ $132,043
Deferred Revenue$240,430$244,048▲ $3,618
Accounts Payable and Accrued Expenses$78,595$92,474▲ $13,879
Total Liabilities$3,769,529$3,654,983▼ $114,546
Net Assets / Fund Balance
Unrestricted Net Assets$1,561,501$1,659,384▲ $97,883
Temporarily Rstr Net Assets$171,213$135,038▼ $36,175
Total Net Assets Fund Balance$1,732,714$1,794,422▲ $61,708
Total Liabilities and Net Assets / Fund Balance$5,502,243$5,449,405▼ $52,838

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,856,043$1,954,563$5,810,606
Land$658,422-$658,422
Equipment$129,860$393,017$522,877
Other Land Buildings$80,843$84,727$165,570
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$70,994$16,500$87,494

Board Members and Trustees

NameTitle
Dr Andy VaughanChair
James ArpinVice Chair
Charles WallaceDirector
Dr Tait ShanafeltDirector
Kurt KnodelDirector
Roger Melder Resigned 2016Director
Ron LeeDirector
Rebecca MurraySecretary
Neal SangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$286,025
Program Service Revenue
$2,426,286
Investment Income
$815
Other Revenue
$15,869
All Other Contributions
$134,513
Change in Net Assets
$61,708

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
Securities Publicly Traded4$34,303Fair Market Value
Total Noncash Contributions4$34,303-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,728,017
Revenue Not Reported on Financial Statements
$978
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$978
Total Revenue per Audited Statements
$2,728,017
Total Revenue per Form 990
$2,728,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,799,878
Other Expenses$743,279
Grants and Similar Amounts Paid$124,130
Total Fundraising Expense$41,217
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,018,644$184,047$25,148$1,227,839
Other Employee Benefits$388,915--$388,915
Occupancy$245,279$48,482-$293,761
Depreciation Depletion$199,476--$199,476
Grants to Domestic Individuals$124,130--$124,130
Payroll Taxes$79,547$14,150$1,933$95,630
Current Officers, Directors, Trustees, and Key Employees$78,243$8,139$1,112$87,494
Office Expenses-$29,030$13,024$42,054
All Other Expenses$32,374$542-$32,916
Insurance-$30,855-$30,855
Fees for Services Accounting-$9,330-$9,330
Information Technology-$9,077-$9,077
Travel$8,679--$8,679
Other Expenses$21,046$8,269-$8,269
Advertising-$2,131-$2,131
Total Functional Expenses$2,282,018$344,052$41,217$2,667,287

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,667,287
Expenses per Audited Statements$2,666,309
Total Expenses per Audited Statements$2,666,309
Expenses Not Reported on Financial Statements$978
Other Expense Adjustments$978
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,712
Fundraising Gross Income$14,712
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gold Ribbon Gala$166,224$14,712$4,829$9,883
Total Events$166,224$14,712$14,712$0
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$28,764
Ann Knodel ReceptionistDIRECTOR KURT KNODEL'S SPOUSECompensationNo$27,768
Julie Sanger Health Office CoordinTREASURER NEAL SANGER'S SPOUSECompensationNo$13,300
Bonnie Lee Student Council AdvisorDIRECTOR RON LEE'S SPOUSECompensationNo$2,236
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
2017-01-17
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
72
Volunteers
100

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Thomas H Wente
Phone
5072883277
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“TAX REFUND 978.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“TAX REFUND 978.”

Raw XML AppendixShowing 400 of 528 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/InformationTechnologyGrp/TotalAmt09077
IRS990/InsuranceGrp/ManagementAndGeneralAmt030855
IRS990/InsuranceGrp/TotalAmt030855
IRS990/InventoriesForSaleOrUseGrp/BOYAmt020889
IRS990/InventoriesForSaleOrUseGrp/EOYAmt015791
IRS990/InvestmentIncomeGrp/ExclusionAmt0815
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0815
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02432307
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04848035
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04725168
IRS990/LandBldgEquipCostOrOtherBssAmt07157475
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03450504
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03318461
IRS990/NetAssetsOrFundBalancesBOYAmt01732714
IRS990/NetAssetsOrFundBalancesEOYAmt01794422
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04976
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04976
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09915
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09915
IRS990/NetUnrelatedBusTxblIncmAmt0-6972
IRS990/NoncashContributionsAmt034303
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt048482
IRS990/OccupancyGrp/ProgramServicesAmt0245279
IRS990/OccupancyGrp/TotalAmt0293761
IRS990/OfficeExpensesGrp/FundraisingAmt013024
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029030
IRS990/OfficeExpensesGrp/TotalAmt042054
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0388915
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0388915
IRS990/OtherExpensesGrp/Desc0CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc1ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc2CLASS ACTIVITIES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08269
IRS990/OtherExpensesGrp/ProgramServicesAmt045958
IRS990/OtherExpensesGrp/ProgramServicesAmt139727
IRS990/OtherExpensesGrp/ProgramServicesAmt221046
IRS990/OtherExpensesGrp/TotalAmt045958
IRS990/OtherExpensesGrp/TotalAmt139727
IRS990/OtherExpensesGrp/TotalAmt221046
IRS990/OtherExpensesGrp/TotalAmt38269
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0TAX REFUND
IRS990/OtherRevenueMiscGrp/ExclusionAmt0978
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0978
IRS990/OtherRevenueTotalAmt0978
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt025148
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0184047
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01018644
IRS990/OtherSalariesAndWagesGrp/TotalAmt01227839
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01933
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014150
IRS990/PayrollTaxesGrp/ProgramServicesAmt079547
IRS990/PayrollTaxesGrp/TotalAmt095630
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt048575
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt039550
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035484
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036433
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/RelatedOrExemptFuncIncomeAmt02408459
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115967
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02408459
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115967
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21860
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0335644
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0119650
IRS990/PYInvestmentIncomeAmt0744
IRS990/PYOtherExpensesAmt0726086
IRS990/PYOtherRevenueAmt015655
IRS990/PYProgramServiceRevenueAmt02343940
IRS990/PYRevenuesLessExpensesAmt072579
IRS990/PYSalariesCompEmpBnftPaidAmt01777668
IRS990/PYTotalExpensesAmt02623404
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02695983
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061708
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09915
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02426286
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0433484
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0437034
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/BookValueAmt03856043
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01954563
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05810606
IRS990ScheduleD/EquipmentGrp/BookValueAmt0129860
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0393017
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0522877
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0978
IRS990ScheduleD/ExpensesSubtotalAmt02666309
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherExpensesNotIncludedAmt0978
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt080843
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt084727
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0165570
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0978
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0978
IRS990ScheduleD/RevenueSubtotalAmt02728017
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX REFUND 978.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TAX REFUND 978.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04725168
IRS990ScheduleD/TotalExpensesPerForm990Amt02667287
IRS990ScheduleD/TotalRevenuePerForm990Amt02728995
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02728017
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02666309
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/CashPrizesEvent1Amt0750
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0750
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0151512
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0151512
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014712
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLD RIBBON GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08708
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt08708
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0166224
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0166224
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014712
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04829
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04829
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0425
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0425
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0122880
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/RecipientCnt043
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

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,449,405
Liabilities
$3,654,983
Net assets
$1,794,422
Revenue
$2,728,995
Expenses
$2,667,287
Net income
$61,708
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