Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2021 • EIN 41-1728882

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 25, 2022

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

87th percentile

0.61x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.12x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

29th percentile

1.4%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$102,601

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

19th percentile

-2.5%

Faster asset growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-8.8%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$4,770,683

Down $122,979 (-2.5%) from 2020

Net Assets

Up

$1,881,503

Up $37,381 (+2.0%) from 2020

Liabilities

Down

$2,889,180

Down $160,360 (-5.3%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin29th percentile

Revenue

Down

$2,579,407

Down $249,894 (-8.8%) from 2020

Expenses

Up

$2,542,026

Up $54,719 (+2.2%) from 2020

Net Income

Down

$37,381

Down $304,613 (-89%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2021

Assets$4,770,683
Liabilities$2,889,180
Net Assets$1,881,503
Open 2021 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

2021

Revenue$2,579,407
Expenses$2,542,026
Net Income$37,381
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 25, 2022
Return Version
2020v4.2
Gross Receipts
$2,621,234
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$4,051,556$3,910,119▼ $141,437
Savings and Temporary Cash Investments$685,075$700,556▲ $15,481
Cash and Non-Interest-Bearing Accounts$87,660$79,045▼ $8,615
Prepaid Expenses and Deferred Charges$36,628$42,314▲ $5,686
Accounts Receivable$5,450$16,682▲ $11,232
Pledges and Grants Receivable$13,651$12,351▼ $1,300
Inventories for Sale or Use$13,642$9,616▼ $4,026
Total Assets$4,893,662$4,770,683▼ $122,979
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,719,309$2,549,943▼ $169,366
Deferred Revenue$219,623$240,203▲ $20,580
Accounts Payable and Accrued Expenses$74,491$99,034▲ $24,543
Grants Payable$36,117--
Total Liabilities$3,049,540$2,889,180▼ $160,360
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,740,624$1,795,665▲ $55,041
Net Assets With Donor Restrictions$103,498$85,838▼ $17,660
Total Net Assets Fund Balance$1,844,122$1,881,503▲ $37,381
Total Liabilities and Net Assets / Fund Balance$4,893,662$4,770,683▼ $122,979

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,156,615$2,686,767$5,843,382
Land$658,422-$658,422
Equipment$52,945$547,075$600,020
Other Land Buildings$42,137$160,453$202,590
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$76,347$26,254$102,601

Board Members and Trustees

NameTitle
Cari EkbomChairman
Jacob Allen EsqVice Chairman
Charles WallaceDirector
Dr Andy VaughanDirector
Joel PacynaDirector
Neal SangerDirector
Svea MerrySecretary
Jason ZimmermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$286,581
Program Service Revenue
$2,280,051
Investment Income
$699
Other Revenue
$12,076
All Other Contributions
$248,826
Change in Net Assets
$37,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,572,339
Other Expenses$757,877
Grants and Similar Amounts Paid$211,810
Total Fundraising Expense$29,317
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$857,959$85,941$14,860$958,760
Other Employee Benefits$353,449--$353,449
Occupancy$221,843$16,881$2,410$241,134
Grants to Domestic Individuals$211,810--$211,810
Current Officers, Directors, Trustees, and Key Employees$103,418$70,493$4,059$177,970
Depreciation Depletion$162,881$12,394$1,770$177,045
Interest$123,368$9,387$1,341$134,096
Payroll Taxes$68,972$11,765$1,423$82,160
All Other Expenses$38,255$18,248$129$56,632
Insurance$29,319$2,232$319$31,870
Office Expenses$1,308$6,658$2,817$10,783
Fees for Services Accounting-$6,625-$6,625
Advertising-$5,803-$5,803
Travel$5,783--$5,783
Other Expenses$4,614$1,024$146$4,614
Information Technology$3,988$303$43$4,334
Fees for Services Other-$2,546-$2,546
Total Functional Expenses$2,262,409$250,300$29,317$2,542,026
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
Jacob AllenVice Chairman, Board of DirectorsTuition Paid to SchoolNo$27,450
Jason ZimmermanTreasurer, Board of DirectorsTuition Paid to SchoolNo$27,450
Cari EkbomChairman, Board of DirectorsTuition Paid to SchoolNo$18,300
Ramie Phillips TeacherHEADMASTER KEITH PHILLIPS'S SPOUSECompensation Paid to EmployeeNo$16,222
Joel PacynaDirector, Board of DirectorsTuition Paid to SchoolNo$12,300
Svea MerrySecretary, Board of DirectorsTuition Paid to SchoolNo$9,150
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
2022-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Phillips
Formed
1993
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
57
Volunteers
75

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
2575 COMMERCE DRIVE NW SUITE 200, ROCHESTER, MN 55901
Preparer
Andrew Forliti
Phone
5072883277
Raw XML AppendixShowing 400 of 500 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/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/BOYAmt02719309
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02549943
IRS990/NetAssetsOrFundBalancesBOYAmt01844122
IRS990/NetAssetsOrFundBalancesEOYAmt01881503
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01718
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01718
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt010358
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt010358
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01740624
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01795665
IRS990/NoncashContributionsAmt09280
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02410
IRS990/OccupancyGrp/ManagementAndGeneralAmt016881
IRS990/OccupancyGrp/ProgramServicesAmt0221843
IRS990/OccupancyGrp/TotalAmt0241134
IRS990/OfficeExpensesGrp/FundraisingAmt02817
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06658
IRS990/OfficeExpensesGrp/ProgramServicesAmt01308
IRS990/OfficeExpensesGrp/TotalAmt010783
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0353449
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0353449
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc3CLASS ACTIVITIES
IRS990/OtherExpensesGrp/FundraisingAmt0146
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01024
IRS990/OtherExpensesGrp/ProgramServicesAmt052010
IRS990/OtherExpensesGrp/ProgramServicesAmt113453
IRS990/OtherExpensesGrp/ProgramServicesAmt29979
IRS990/OtherExpensesGrp/ProgramServicesAmt34614
IRS990/OtherExpensesGrp/TotalAmt052010
IRS990/OtherExpensesGrp/TotalAmt114623
IRS990/OtherExpensesGrp/TotalAmt29979
IRS990/OtherExpensesGrp/TotalAmt34614
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014860
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085941
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0857959
IRS990/OtherSalariesAndWagesGrp/TotalAmt0958760
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01423
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011765
IRS990/PayrollTaxesGrp/ProgramServicesAmt068972
IRS990/PayrollTaxesGrp/TotalAmt082160
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013651
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012351
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036628
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042314
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/RelatedOrExemptFuncIncomeAmt02212662
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155846
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02212662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28703
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02840
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0414582
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0210295
IRS990/PYInvestmentIncomeAmt0654
IRS990/PYOtherExpensesAmt0728706
IRS990/PYOtherRevenueAmt010674
IRS990/PYProgramServiceRevenueAmt02403391
IRS990/PYRevenuesLessExpensesAmt0341994
IRS990/PYSalariesCompEmpBnftPaidAmt01548306
IRS990/PYTotalExpensesAmt02487307
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02829301
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt037381
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt010358
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02277211
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0685075
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0700556
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/BookValueAmt03156615
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02686767
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05843382
IRS990ScheduleD/EquipmentGrp/BookValueAmt052945
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0547075
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0600020
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042137
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0160453
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0202590
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03910119
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/CashGrantAmt0211810
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/PersonNm0RAMIE PHILLIPS TEACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JOEL PACYNA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SVEA MERRY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3CARI EKBOM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4JASON ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5JACOB ALLEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HEADMASTER KEITH PHILLIPS'S SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SECRETARY, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3CHAIRMAN, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4TREASURER, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5VICE CHAIRMAN, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt016222
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt112300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt29150
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt318300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt427450
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt527450
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION PAID TO EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5TUITION PAID TO SCHOOL
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARENT(S) OF EACH STUDENT IS CONSIDERED A MEMBER OF THE ORGANIZATION BY SIGNING AN AGREEMENT.

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,770,683
Liabilities
$2,889,180
Net assets
$1,881,503
Revenue
$2,579,407
Expenses
$2,542,026
Net income
$37,381
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