Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2020 • EIN 41-1728882

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 22, 2021

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

85th percentile

0.62x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.08x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$98,245

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

44th percentile

3.5%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$4,893,662

Up $164,744 (+3.5%) from 2019

Net Assets

Up

$1,844,122

Up $341,994 (+23%) from 2019

Liabilities

Down

$3,049,540

Down $177,250 (-5.5%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin63rd percentile

Revenue

Up

$2,829,301

Up $301,341 (+12%) from 2019

Expenses

Down

$2,487,307

Down $59,522 (-2.3%) from 2019

Net Income

Up

$341,994

Up $360,863 (+1912%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2020

Assets$4,893,662
Liabilities$3,049,540
Net Assets$1,844,122
Open 2020 Filing

Operations Trend

Revenue Growth68th 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

2020

Revenue$2,829,301
Expenses$2,487,307
Net Income$341,994
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 22, 2021
Return Version
2019v5.2
Gross Receipts
$2,874,075
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$4,230,558$4,051,556▼ $179,002
Savings and Temporary Cash Investments$302,793$685,075▲ $382,282
Cash and Non-Interest-Bearing Accounts$100,922$87,660▼ $13,262
Prepaid Expenses and Deferred Charges$35,143$36,628▲ $1,485
Pledges and Grants Receivable$24,601$13,651▼ $10,950
Inventories for Sale or Use$11,467$13,642▲ $2,175
Accounts Receivable$23,434$5,450▼ $17,984
Total Assets$4,728,918$4,893,662▲ $164,744
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,880,460$2,719,309▼ $161,151
Deferred Revenue$251,231$219,623▼ $31,608
Accounts Payable and Accrued Expenses$95,099$74,491▼ $20,608
Grants Payable-$36,117-
Total Liabilities$3,226,790$3,049,540▼ $177,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,405,196$1,740,624▲ $335,428
Net Assets With Donor Restrictions$96,932$103,498▲ $6,566
Total Net Assets Fund Balance$1,502,128$1,844,122▲ $341,994
Total Liabilities and Net Assets / Fund Balance$4,728,918$4,893,662▲ $164,744

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,321,642$2,512,533$5,834,175
Land$658,422-$658,422
Equipment$29,355$546,165$575,520
Other Land Buildings$42,137$160,453$202,590
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$72,331$25,914$98,245

Board Members and Trustees

NameTitle
Jason ZimmermanChairman
Cari EkbomDirector
Charles WallaceDirector
Dr Andy VaughanDirector
Jacob Allen EsqDirector
Ron Lee ResignedDirector
Svea MerrySecretary
Neal SangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$414,582
Program Service Revenue
$2,403,391
Investment Income
$654
Other Revenue
$10,674
All Other Contributions
$178,999
Change in Net Assets
$341,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,548,306
Other Expenses$728,706
Grants and Similar Amounts Paid$210,295
Total Fundraising Expense$60,278
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$833,881$73,716$45,858$953,455
Other Employee Benefits$348,041--$348,041
Grants to Domestic Individuals$210,295--$210,295
Occupancy$185,570$14,121$2,018$201,709
Depreciation Depletion$174,556$13,281$1,897$189,734
Current Officers, Directors, Trustees, and Key Employees$97,210$67,805$3,908$168,923
Interest$129,484$9,852$1,407$140,743
Payroll Taxes$64,087$10,210$3,590$77,887
All Other Expenses$49,577$1,462$134$51,173
Insurance$27,447$2,089$298$29,834
Office Expenses$1,521$7,041$972$9,534
Travel$9,274--$9,274
Other Expenses$7,643$941$134$7,643
Fees for Services Accounting-$7,250-$7,250
Information Technology$5,711$435$62$6,208
Fees for Services Other-$1,917-$1,917
Advertising-$320-$320
Total Functional Expenses$2,216,589$210,440$60,278$2,487,307
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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$35,080
Cari EkbomMember, Board of DirectorsTuition Paid to SchoolNo$26,310
Ramie Phillips TeacherHEADMASTER KEITH PHILLIPS'S SPOUSECompensation Paid to EmployeeNo$20,044
Svea MerrySecretary, Board of DirectorsTuition Paid to SchoolNo$17,540
Bonnie Lee Substitute TeacherDIRECTOR RON LEE'S SPOUSECompensation Paid to EmployeeNo$3,178
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Phillips
Formed
1993
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
57
Volunteers
100

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Andrew Forliti
Phone
5072883277
Raw XML AppendixShowing 400 of 491 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/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02880460
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02719309
IRS990/NetAssetsOrFundBalancesBOYAmt01502128
IRS990/NetAssetsOrFundBalancesEOYAmt01844122
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01596
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01596
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09078
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09078
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01405196
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01740624
IRS990/NoncashContributionsAmt014759
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02018
IRS990/OccupancyGrp/ManagementAndGeneralAmt014121
IRS990/OccupancyGrp/ProgramServicesAmt0185570
IRS990/OccupancyGrp/TotalAmt0201709
IRS990/OfficeExpensesGrp/FundraisingAmt0972
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07041
IRS990/OfficeExpensesGrp/ProgramServicesAmt01521
IRS990/OfficeExpensesGrp/TotalAmt09534
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0348041
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0348041
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc1CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3CLASS ACTIVITIES
IRS990/OtherExpensesGrp/FundraisingAmt0134
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0941
IRS990/OtherExpensesGrp/ProgramServicesAmt040945
IRS990/OtherExpensesGrp/ProgramServicesAmt118986
IRS990/OtherExpensesGrp/ProgramServicesAmt212361
IRS990/OtherExpensesGrp/ProgramServicesAmt37643
IRS990/OtherExpensesGrp/TotalAmt040945
IRS990/OtherExpensesGrp/TotalAmt118986
IRS990/OtherExpensesGrp/TotalAmt213436
IRS990/OtherExpensesGrp/TotalAmt37643
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt045858
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt073716
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0833881
IRS990/OtherSalariesAndWagesGrp/TotalAmt0953455
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03590
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010210
IRS990/PayrollTaxesGrp/ProgramServicesAmt064087
IRS990/PayrollTaxesGrp/TotalAmt077887
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt024601
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt013651
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035143
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036628
IRS990/PrincipalOfficerNm0KEITH PHILLIPS
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/RelatedOrExemptFuncIncomeAmt02307743
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02307743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175717
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219931
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0160
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt13200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0273154
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0216489
IRS990/PYInvestmentIncomeAmt0447
IRS990/PYOtherExpensesAmt0821696
IRS990/PYOtherRevenueAmt022988
IRS990/PYProgramServiceRevenueAmt02231371
IRS990/PYRevenuesLessExpensesAmt0-18869
IRS990/PYSalariesCompEmpBnftPaidAmt01508644
IRS990/PYTotalExpensesAmt02546829
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02527960
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0341994
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09078
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02400031
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0302793
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0685075
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/BookValueAmt03321642
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02512533
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05834175
IRS990ScheduleD/EquipmentGrp/BookValueAmt029355
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0546165
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0575520
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042137
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0160453
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0202590
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04051556
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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0210295
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/RecipientCnt054
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/PersonNm1BONNIE LEE SUBSTITUTE TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SVEA MERRY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3CARI EKBOM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4JASON ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HEADMASTER KEITH PHILLIPS'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR RON LEE'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SECRETARY, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3MEMBER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4ACTING CHAIR (JUNE 2019), BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt020044
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt13178
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt217540
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt326310
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt435080
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION PAID TO EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1COMPENSATION PAID TO EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4TUITION PAID TO SCHOOL
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARENT(S) OF EACH STUDENT IS CONSIDERED A MEMBER OF THE ORGANIZATION BY SIGNING AN AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS, BUT DO NOT HAVE ANY CONTROL OVER THE ACTIONS OF THE BOARD ONCE ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,893,662
Liabilities
$3,049,540
Net assets
$1,844,122
Revenue
$2,829,301
Expenses
$2,487,307
Net income
$341,994
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