Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2018 • EIN 41-1728882

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

86th percentile

0.69x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

1.38x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

30th percentile

-3.9%

Faster revenue growth than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$4,900,594

Down $148,128 (-2.9%) from 2017

Net Assets

Down

$1,520,997

Down $51,954 (-3.3%) from 2017

Liabilities

Down

$3,379,597

Down $96,174 (-2.8%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin33rd percentile

Revenue

Down

$2,443,052

Down $99,385 (-3.9%) from 2017

Expenses

Down

$2,495,006

Down $268,902 (-9.7%) from 2017

Net Income

Up

-$51,954

Up $169,517 (+77%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2018

Assets$4,900,594
Liabilities$3,379,597
Net Assets$1,520,997
Open 2018 Filing

Operations Trend

Revenue Growth30th 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

2018

Revenue$2,443,052
Expenses$2,495,006
Net Income-$51,954
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,514,566
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$4,576,164$4,401,674▼ $174,490
Savings and Temporary Cash Investments$288,802$315,414▲ $26,612
Cash and Non-Interest-Bearing Accounts$64,925$89,740▲ $24,815
Prepaid Expenses and Deferred Charges$41,063$37,128▼ $3,935
Pledges and Grants Receivable$52,000$35,400▼ $16,600
Inventories for Sale or Use$17,856$10,947▼ $6,909
Accounts Receivable$7,912$10,291▲ $2,379
Total Assets$5,048,722$4,900,594▼ $148,128
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,179,669$3,033,788▼ $145,881
Deferred Revenue$205,566$249,249▲ $43,683
Accounts Payable and Accrued Expenses$90,536$96,560▲ $6,024
Total Liabilities$3,475,771$3,379,597▼ $96,174
Net Assets / Fund Balance
Unrestricted Net Assets$1,480,125$1,443,145▼ $36,980
Temporarily Rstr Net Assets$92,826$77,852▼ $14,974
Total Net Assets Fund Balance$1,572,951$1,520,997▼ $51,954
Total Liabilities and Net Assets / Fund Balance$5,048,722$4,900,594▼ $148,128

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,583,837$2,250,338$5,834,175
Land$658,422-$658,422
Equipment$80,659$470,085$550,744
Other Land Buildings$78,756$121,914$200,670
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$73,862$20,649$94,511

Board Members and Trustees

NameTitle
James ArpinChair
Jason ZimmermanVice Chair
Cari EkbomDirector
Charles WallaceDirector
Rebecca MurrayDirector
Ron LeeDirector
Svea MerryDirector
Dr Andy VaughanSecretary
Neal SangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$335,166
Program Service Revenue
$2,096,366
Investment Income
$199
Other Revenue
$11,321
All Other Contributions
$193,119
Change in Net Assets
$-51,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,634,749
Other Expenses$709,282
Grants and Similar Amounts Paid$150,975
Total Fundraising Expense$67,802
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$762,480$159,621$44,416$966,517
Other Employee Benefits$421,517--$421,517
Occupancy$272,473$20,733$2,962$296,168
Depreciation Depletion$190,546$14,498$2,071$207,115
Current Officers, Directors, Trustees, and Key Employees$146,553$15,141$4,213$165,907
Grants to Domestic Individuals$150,975--$150,975
Payroll Taxes$64,374$12,857$3,577$80,808
All Other Expenses$41,987$1,176$129$43,292
Insurance$28,197$2,146$306$30,649
Office Expenses$1,545$5,415$9,946$16,906
Other Expenses$12,671$964$138$13,773
Fees for Services Accounting-$6,100-$6,100
Information Technology$4,068$310$44$4,422
Fees for Services Other-$2,280-$2,280
Advertising-$2,089-$2,089
Travel$2,030--$2,030
Total Functional Expenses$2,183,874$243,330$67,802$2,495,006
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,097
Fundraising Gross Income$5,097
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gold Ribbon Gala$147,144$5,097$1,107$3,990
Total Events$147,144$5,097$5,097$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
Svea MerryMember, Board of DirectorsTuition Paid to SchoolNo$31,800
Jason ZimmermanVice Chair, Board of DirectorsTuition Paid to SchoolNo$31,376
Ramie Phillips TeacherHEADMASTER KEITH PHILLIPS'S SPOUSECompensation Paid to EmployeeNo$25,767
-Member, Board of DirectorsTuition Paid to SchoolNo$23,946
Neal SangerTreasurer, Board of DirectorsTuition Paid to SchoolNo$15,137
James ArpinChair, Board of DirectorsTuition Paid to SchoolNo$7,982
Bonnie Lee Part-time TeacherDIRECTOR RON LEE'S SPOUSECompensation Paid to EmployeeNo$1,874
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 makes only its 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
Keith Phillips
Title
Headmaster
Phone
5072861050
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Phillips
Formed
1993
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
69
Volunteers
100

Preparer

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

Additional Explanations

Form 990, Part III, Line 2

“Formation of a parent group to raise advertising and donations for athletics.”

Raw XML AppendixShowing 400 of 529 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/Desc0PROVIDES A CHRIST-CENTERED AND CLASSICAL EDUCATION TO STUDENTS IN GRADES K-12. ENROLLMENT FOR THE FISCAL YEAR AVERAGED 291 STUDENTS.
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02842337
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04576164
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04401674
IRS990/LandBldgEquipCostOrOtherBssAmt07244011
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/BOYAmt03179669
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03033788
IRS990/NetAssetsOrFundBalancesBOYAmt01572951
IRS990/NetAssetsOrFundBalancesEOYAmt01520997
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02321
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt02321
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt020344
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02962
IRS990/OccupancyGrp/ManagementAndGeneralAmt020733
IRS990/OccupancyGrp/ProgramServicesAmt0272473
IRS990/OccupancyGrp/TotalAmt0296168
IRS990/OfficeExpensesGrp/FundraisingAmt09946
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05415
IRS990/OfficeExpensesGrp/ProgramServicesAmt01545
IRS990/OfficeExpensesGrp/TotalAmt016906
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0421517
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0421517
IRS990/OtherExpensesGrp/Desc0CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc1ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc2CLASS ACTIVITIES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0138
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0964
IRS990/OtherExpensesGrp/ProgramServicesAmt036332
IRS990/OtherExpensesGrp/ProgramServicesAmt131662
IRS990/OtherExpensesGrp/ProgramServicesAmt216464
IRS990/OtherExpensesGrp/ProgramServicesAmt312671
IRS990/OtherExpensesGrp/TotalAmt036332
IRS990/OtherExpensesGrp/TotalAmt131662
IRS990/OtherExpensesGrp/TotalAmt216464
IRS990/OtherExpensesGrp/TotalAmt313773
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt044416
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0159621
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0762480
IRS990/OtherSalariesAndWagesGrp/TotalAmt0966517
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03577
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012857
IRS990/PayrollTaxesGrp/ProgramServicesAmt064374
IRS990/PayrollTaxesGrp/TotalAmt080808
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt035400
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041063
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037128
IRS990/PrincipalOfficerNm0KEITH PHILLIPS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc1MISC SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2ATHLETICS ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc3YEARBOOK ADVERTISING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02073872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02073872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31570
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt04650
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt11570
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0297991
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0127300
IRS990/PYInvestmentIncomeAmt0727
IRS990/PYOtherExpensesAmt0717651
IRS990/PYOtherRevenueAmt014554
IRS990/PYProgramServiceRevenueAmt02229165
IRS990/PYRevenuesLessExpensesAmt0-221471
IRS990/PYSalariesCompEmpBnftPaidAmt01918957
IRS990/PYTotalExpensesAmt02763908
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02542437
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-51954
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02090146
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0288802
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0315414
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03583837
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02250338
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05834175
IRS990ScheduleD/EquipmentGrp/BookValueAmt080659
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0470085
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0550744
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078756
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0121914
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0200670
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04401674
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/CharitableContributionsTotAmt0142047
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0142047
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05097
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLD RIBBON GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03805
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03805
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0147144
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0147144
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05097
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05097
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0185
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0185
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01107
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01107
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0150975
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/RecipientCnt057
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/BusinessName/BusinessNameLine1Txt0CARI EKBOM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RAMIE PHILLIPS TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1BONNIE LEE PART-TIME TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2JAMES ARPIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3NEAL SANGER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4SVEA MERRY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5JASON ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HEADMASTER KEITH PHILLIPS'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR RON LEE'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2CHAIR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3TREASURER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4MEMBER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5VICE CHAIR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt6MEMBER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,900,594
Liabilities
$3,379,597
Net assets
$1,520,997
Revenue
$2,443,052
Expenses
$2,495,006
Net income
-$51,954
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