Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2017 • EIN 41-1728882

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 26, 2018

Organization ProfileWWW.SCHAEFFERACADEMY.ORG
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

83rd percentile

0.69x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

1.37x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

19th percentile

-8.7%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

38th percentile

$96,744

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

11th percentile

-7.4%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-6.8%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$5,048,722

Down $400,683 (-7.4%) from 2016

Net Assets

Down

$1,572,951

Down $221,471 (-12%) from 2016

Liabilities

Down

$3,475,771

Down $179,212 (-4.9%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin19th percentile

Revenue

Down

$2,542,437

Down $186,558 (-6.8%) from 2016

Expenses

Up

$2,763,908

Up $96,621 (+3.6%) from 2016

Net Income

Down

-$221,471

Down $283,179 (-459%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2017

Assets$5,048,722
Liabilities$3,475,771
Net Assets$1,572,951
Open 2017 Filing

Operations Trend

Revenue Growth21st 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

2017

Revenue$2,542,437
Expenses$2,763,908
Net Income-$221,471
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 26, 2018
Return Version
2016v3.0
Gross Receipts
$2,681,724
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$4,725,168$4,576,164▼ $149,004
Savings and Temporary Cash Investments$437,034$288,802▼ $148,232
Cash and Non-Interest-Bearing Accounts$187,688$64,925▼ $122,763
Pledges and Grants Receivable$39,550$52,000▲ $12,450
Prepaid Expenses and Deferred Charges$36,433$41,063▲ $4,630
Inventories for Sale or Use$15,791$17,856▲ $2,065
Accounts Receivable$7,741$7,912▲ $171
Total Assets$5,449,405$5,048,722▼ $400,683
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,318,461$3,179,669▼ $138,792
Deferred Revenue$244,048$205,566▼ $38,482
Accounts Payable and Accrued Expenses$92,474$90,536▼ $1,938
Total Liabilities$3,654,983$3,475,771▼ $179,212
Net Assets / Fund Balance
Unrestricted Net Assets$1,659,384$1,480,125▼ $179,259
Temporarily Rstr Net Assets$135,038$92,826▼ $42,212
Total Net Assets Fund Balance$1,794,422$1,572,951▼ $221,471
Total Liabilities and Net Assets / Fund Balance$5,449,405$5,048,722▼ $400,683

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,709,153$2,101,453$5,810,606
Land$658,422-$658,422
Equipment$110,486$433,104$543,590
Other Land Buildings$98,103$102,567$200,670
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$72,940$23,804$96,744

Board Members and Trustees

NameTitle
James ArpinChair
Dr Tait ShanafeltVice Chair
Charles WallaceDirector
Dr Andy VaughanDirector
Jason ZimmermanDirector
Kurt KnodelDirector
Ron LeeDirector
Rebecca MurraySecretary
Neal SangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$297,991
Program Service Revenue
$2,229,165
Investment Income
$727
Other Revenue
$14,554
All Other Contributions
$157,337
Change in Net Assets
$-221,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,918,957
Other Expenses$717,651
Grants and Similar Amounts Paid$127,300
Total Fundraising Expense$46,772
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,045,640$201,169$26,688$1,273,497
Other Employee Benefits$450,122--$450,122
Occupancy$266,091$20,248$2,894$289,233
Depreciation Depletion$190,180$14,470$2,067$206,717
Grants to Domestic Individuals$127,300--$127,300
Payroll Taxes$81,197$15,359$2,038$98,594
Current Officers, Directors, Trustees, and Key Employees$87,054$8,555$1,135$96,744
All Other Expenses$31,989$77$5,000$37,066
Insurance$29,840$2,270$324$32,434
Office Expenses$14,787$6,300$6,420$27,507
Other Expenses$12,823$976$139$13,938
Travel$8,209--$8,209
Advertising-$6,871-$6,871
Information Technology$6,182$470$67$6,719
Fees for Services Accounting-$5,700-$5,700
Fees for Services Other-$2,279-$2,279
Total Functional Expenses$2,432,392$284,744$46,772$2,763,908
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,854
Fundraising Gross Income$10,854
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gold Ribbon Gala$151,508$10,854$3,221$7,633
Total Events$151,508$10,854$10,854$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
Jason ZimmermanMember, Board of DirectorsTuition Paid to SchoolNo$30,180
Ramie Phillips TeacherHEADMASTER KEITH PHILLIPS'S SPOUSECompensation Paid to EmployeeNo$28,914
Ann Knodel ReceptionistDIRECTOR KURT KNODEL'S SPOUSECompensation Paid to EmployeeNo$17,885
Dr Tait ShanafeltVice Chair, Board of DirectorsTuition Paid to SchoolNo$15,090
Neal SangerTreasurer, Board of DirectorsTuition Paid to SchoolNo$15,090
James ArpinChair, Board of DirectorsTuition Paid to SchoolNo$7,545
Bonnie Lee Student Council AdvisorDIRECTOR RON LEE'S SPOUSECompensation Paid to EmployeeNo$4,166
Julie Sanger Health Office CoordinTREASURER NEAL SANGER'S SPOUSECompensation Paid to EmployeeNo$1,383
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
Yes
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 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 11B

“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
2018-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Sanger
Formed
1993
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
76
Volunteers
100

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 536 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/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02637124
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04725168
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04576164
IRS990/LandBldgEquipCostOrOtherBssAmt07213288
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/BOYAmt03318461
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03179669
IRS990/NetAssetsOrFundBalancesBOYAmt01794422
IRS990/NetAssetsOrFundBalancesEOYAmt01572951
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04309
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04309
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt010245
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt010245
IRS990/NetUnrelatedBusTxblIncmAmt0-6440
IRS990/NoncashContributionsAmt016184
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02894
IRS990/OccupancyGrp/ManagementAndGeneralAmt020248
IRS990/OccupancyGrp/ProgramServicesAmt0266091
IRS990/OccupancyGrp/TotalAmt0289233
IRS990/OfficeExpensesGrp/FundraisingAmt06420
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06300
IRS990/OfficeExpensesGrp/ProgramServicesAmt014787
IRS990/OfficeExpensesGrp/TotalAmt027507
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0450122
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0450122
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc1CLASS ACTIVITIES
IRS990/OtherExpensesGrp/Desc2CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0139
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0976
IRS990/OtherExpensesGrp/ProgramServicesAmt034834
IRS990/OtherExpensesGrp/ProgramServicesAmt124996
IRS990/OtherExpensesGrp/ProgramServicesAmt221148
IRS990/OtherExpensesGrp/ProgramServicesAmt312823
IRS990/OtherExpensesGrp/TotalAmt034834
IRS990/OtherExpensesGrp/TotalAmt124996
IRS990/OtherExpensesGrp/TotalAmt221148
IRS990/OtherExpensesGrp/TotalAmt313938
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt026688
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0201169
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01045640
IRS990/OtherSalariesAndWagesGrp/TotalAmt01273497
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02038
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015359
IRS990/PayrollTaxesGrp/ProgramServicesAmt081197
IRS990/PayrollTaxesGrp/TotalAmt098594
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt039550
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036433
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041063
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/RelatedOrExemptFuncIncomeAmt02212755
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114372
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02212755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114372
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22038
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02038
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0286025
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0124130
IRS990/PYInvestmentIncomeAmt0815
IRS990/PYOtherExpensesAmt0743279
IRS990/PYOtherRevenueAmt015869
IRS990/PYProgramServiceRevenueAmt02426286
IRS990/PYRevenuesLessExpensesAmt061708
IRS990/PYSalariesCompEmpBnftPaidAmt01799878
IRS990/PYTotalExpensesAmt02667287
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02728995
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-221471
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt010245
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02227127
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0437034
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0288802
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/BookValueAmt03709153
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02101453
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05810606
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110486
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0433104
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0543590
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt098103
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0102567
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0200670
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04576164
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/CharitableContributionsTotAmt0140654
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0140654
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010854
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLD RIBBON GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt07223
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07223
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0151508
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0151508
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010854
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt010854
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03221
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03221
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0410
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0410
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0126300
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/RecipientCnt049
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 STUDENT COUNCIL ADVISOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3JULIE SANGER HEALTH OFFICE COORDIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4JAMES ARPIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5NEAL SANGER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm6DR TAIT SHANAFELT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm7JASON ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HEADMASTER KEITH PHILLIPS'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR KURT KNODEL'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2DIRECTOR RON LEE'S SPOUSE

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,048,722
Liabilities
$3,475,771
Net assets
$1,572,951
Revenue
$2,542,437
Expenses
$2,763,908
Net income
-$221,471
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