Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2019 • EIN 41-1728882

Jul 01, 2018 to Jun 30, 2019 • Filed on May 20, 2020

Organization ProfileWWW.SCHAEFFERACADEMY.ORG
2700 Schaeffer Lane NERochester, MN 55906-7671

(507) 286-1050

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$4,728,918

Down $171,676 (-3.5%) from 2018

Net Assets

Down

$1,502,128

Down $18,869 (-1.2%) from 2018

Liabilities

Down

$3,226,790

Down $152,807 (-4.5%) from 2018

Revenue And Expenses

Revenue

Up

$2,527,960

Up $84,908 (+3.5%) from 2018

Expenses

Up

$2,546,829

Up $51,823 (+2.1%) from 2018

Net Income

Up

-$18,869

Up $33,085 (+64%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 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

2019

Assets$4,728,918
Liabilities$3,226,790
Net Assets$1,502,128
Open 2019 Filing

Operations Trend

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

2019

Revenue$2,527,960
Expenses$2,546,829
Net Income-$18,869
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 20, 2020
Return Version
2018v3.1
Gross Receipts
$2,604,443
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$4,401,674$4,230,558▼ $171,116
Savings and Temporary Cash Investments$315,414$302,793▼ $12,621
Cash and Non-Interest-Bearing Accounts$89,740$100,922▲ $11,182
Prepaid Expenses and Deferred Charges$37,128$35,143▼ $1,985
Pledges and Grants Receivable$35,400$24,601▼ $10,799
Accounts Receivable$10,291$23,434▲ $13,143
Inventories for Sale or Use$10,947$11,467▲ $520
Total Assets$4,900,594$4,728,918▼ $171,676
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,033,788$2,880,460▼ $153,328
Deferred Revenue$249,249$251,231▲ $1,982
Accounts Payable and Accrued Expenses$96,560$95,099▼ $1,461
Total Liabilities$3,379,597$3,226,790▼ $152,807
Net Assets / Fund Balance
Unrestricted Net Assets$1,443,145$1,405,196▼ $37,949
Temporarily Rstr Net Assets$77,852$96,932▲ $19,080
Total Net Assets Fund Balance$1,520,997$1,502,128▼ $18,869
Total Liabilities and Net Assets / Fund Balance$4,900,594$4,728,918▼ $171,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,436,660$2,397,515$5,834,175
Land$658,422-$658,422
Equipment$66,986$500,713$567,699
Other Land Buildings$68,490$133,086$201,576
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$74,518$23,814$98,332

Board Members and Trustees

NameTitle
Jason ZimmermanActing Chair
James ArpinChair (resigned)
Cari EkbomDirector
Charles WallaceDirector
Dr Andy VaughanDirector
Ron LeeDirector
Svea MerrySecretary
Neal SangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$273,154
Program Service Revenue
$2,231,371
Investment Income
$447
Other Revenue
$22,988
All Other Contributions
$163,366
Change in Net Assets
$-18,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,508,644
Other Expenses$821,696
Grants and Similar Amounts Paid$216,489
Total Fundraising Expense$68,898
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$711,407$137,357$43,070$891,834
Other Employee Benefits$372,230--$372,230
Occupancy$325,404$24,760$3,537$353,701
Grants to Domestic Individuals$216,489--$216,489
Depreciation Depletion$184,808$14,061$2,009$200,878
Current Officers, Directors, Trustees, and Key Employees$151,537$14,068$4,411$170,016
Payroll Taxes$60,058$11,043$3,463$74,564
All Other Expenses$39,078$7,094$235$46,407
Insurance$26,808$2,041$291$29,140
Fees for Services Accounting-$19,250-$19,250
Office Expenses$1,096$5,837$11,688$18,621
Travel$16,455--$16,455
Other Expenses$12,909$982$140$14,031
Information Technology$4,985$379$54$5,418
Advertising-$3,139-$3,139
Fees for Services Other-$2,023-$2,023
Total Functional Expenses$2,235,897$242,034$68,898$2,546,829
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,446
Fundraising Gross Income$6,446
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gold Ribbon Gala$100,822$6,446$3,141$3,305
Total Events$100,822$6,446$6,446$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 ZimmermanActing Chair (june 2019), Board of DirectorsTuition Paid to SchoolNo$30,316
Svea MerrySecretary, Board of DirectorsTuition Paid to SchoolNo$29,772
-Member, Board of DirectorsTuition Paid to SchoolNo$22,329
Ramie Phillips TeacherHEADMASTER KEITH PHILLIPS'S SPOUSECompensation Paid to EmployeeNo$21,053
James ArpinChair (resigned May 2019), Board of DirectorsTuition Paid to SchoolNo$7,443
Neal SangerTreasurer, Board of DirectorsTuition Paid to SchoolNo$7,443
Bonnie Lee Substitute TeacherDIRECTOR RON LEE'S SPOUSECompensation Paid to EmployeeNo$2,666
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
Neal Sanger
Title
Treasurer
Phone
5072861050
Signed
2020-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Sanger
Formed
1993
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
58
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

“Establishment of before and after school care program.”

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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/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt020320
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03537
IRS990/OccupancyGrp/ManagementAndGeneralAmt024760
IRS990/OccupancyGrp/ProgramServicesAmt0325404
IRS990/OccupancyGrp/TotalAmt0353701
IRS990/OfficeExpensesGrp/FundraisingAmt011688
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05837
IRS990/OfficeExpensesGrp/ProgramServicesAmt01096
IRS990/OfficeExpensesGrp/TotalAmt018621
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0372230
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0372230
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc1CLASS ACTIVITIES
IRS990/OtherExpensesGrp/Desc2CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0982
IRS990/OtherExpensesGrp/ProgramServicesAmt053615
IRS990/OtherExpensesGrp/ProgramServicesAmt131659
IRS990/OtherExpensesGrp/ProgramServicesAmt227359
IRS990/OtherExpensesGrp/ProgramServicesAmt312909
IRS990/OtherExpensesGrp/TotalAmt053615
IRS990/OtherExpensesGrp/TotalAmt131659
IRS990/OtherExpensesGrp/TotalAmt227359
IRS990/OtherExpensesGrp/TotalAmt314031
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt043070
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0137357
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0711407
IRS990/OtherSalariesAndWagesGrp/TotalAmt0891834
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03463
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011043
IRS990/PayrollTaxesGrp/ProgramServicesAmt060058
IRS990/PayrollTaxesGrp/TotalAmt074564
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035400
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt024601
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037128
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035143
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/Desc2OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02083514
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1132657
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29685
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02083514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1134572
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213285
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01915
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt13600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0335166
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0150975
IRS990/PYInvestmentIncomeAmt0199
IRS990/PYOtherExpensesAmt0709282
IRS990/PYOtherRevenueAmt011321
IRS990/PYProgramServiceRevenueAmt02096366
IRS990/PYRevenuesLessExpensesAmt0-51954
IRS990/PYSalariesCompEmpBnftPaidAmt01634749
IRS990/PYTotalExpensesAmt02495006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02443052
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0-18869
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt020984
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02225856
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0315414
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0302793
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/BookValueAmt03436660
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02397515
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05834175
IRS990ScheduleD/EquipmentGrp/BookValueAmt066986
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0500713
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0567699
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt068490
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0133086
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0201576
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04230558
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/CharitableContributionsTotAmt094376
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt094376
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06446
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLD RIBBON GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03305
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03305
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0100822
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0100822
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06446
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt06446
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03141
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03141
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0216489
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/RecipientCnt060
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/BusinessNameLine1Txt0CARL EKBOM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RAMIE PHILLIPS TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1BONNIE LEE SUBSTITUTE 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 (RESIGNED MAY 2019), BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3TREASURER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4SECRETARY, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5ACTING CHAIR (JUNE 2019), BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt6MEMBER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd60

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,728,918
Liabilities
$3,226,790
Net assets
$1,502,128
Revenue
$2,527,960
Expenses
$2,546,829
Net income
-$18,869
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