Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2023 • EIN 41-1728882

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 21, 2023

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

82nd percentile

0.56x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.89x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

60th percentile

8.7%

Higher net margin than 60% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$108,905

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

48th percentile

4.7%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$5,102,014

Up $230,580 (+4.7%) from 2022

Net Assets

Up

$2,245,096

Up $280,378 (+14%) from 2022

Liabilities

Down

$2,856,918

Down $49,798 (-1.7%) from 2022

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin60th percentile

Revenue

Up

$3,205,912

Up $315,596 (+11%) from 2022

Expenses

Up

$2,925,534

Up $118,433 (+4.2%) from 2022

Net Income

Up

$280,378

Up $197,163 (+237%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2023

Assets$5,102,014
Liabilities$2,856,918
Net Assets$2,245,096
Open 2023 Filing

Operations Trend

Revenue Growth58th 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

2023

Revenue$3,205,912
Expenses$2,925,534
Net Income$280,378
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 21, 2023
Return Version
2022v5.0
Gross Receipts
$3,281,668
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$3,996,128$4,148,552▲ $152,424
Savings and Temporary Cash Investments$704,968$861,089▲ $156,121
Prepaid Expenses and Deferred Charges$43,053$41,737▼ $1,316
Cash and Non-Interest-Bearing Accounts$91,151$34,868▼ $56,283
Inventories for Sale or Use$7,591$7,492▼ $99
Pledges and Grants Receivable$22,900$7,000▼ $15,900
Accounts Receivable$5,643$1,276▼ $4,367
Total Assets$4,871,434$5,102,014▲ $230,580
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,579,168$2,489,172▼ $89,996
Deferred Revenue$237,216$326,795▲ $89,579
Accounts Payable and Accrued Expenses$90,332$40,951▼ $49,381
Total Liabilities$2,906,716$2,856,918▼ $49,798
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,880,052$2,152,586▲ $272,534
Net Assets With Donor Restrictions$84,666$92,510▲ $7,844
Total Net Assets Fund Balance$1,964,718$2,245,096▲ $280,378
Total Liabilities and Net Assets / Fund Balance$4,871,434$5,102,014▲ $230,580

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,350,951$2,982,736$6,333,687
Equipment$98,123$566,427$664,550
Land$658,422-$658,422
Other Land Buildings$41,056$158,047$199,103
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$81,674$27,231$108,905
Cindy SchweighartTreasurerFT$43,714$559$44,273

Board Members and Trustees

NameTitle
Joel PacynaChairman
Jacob Allen EsqVice Chairman
Cari EkbomDirector
Charles WallaceDirector
Jason ZimmermanDirector
Neal SangerDirector
Caleb NelsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$256,701
Program Service Revenue
$2,931,992
Investment Income
$6,349
Other Revenue
$10,870
All Other Contributions
$241,891
Change in Net Assets
$280,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,815,474
Other Expenses$840,080
Grants and Similar Amounts Paid$269,980
Total Fundraising Expense$18,904
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$932,075$70,475-$1,002,550
Other Employee Benefits$566,156--$566,156
Occupancy$270,364$20,572$2,937$293,873
Grants to Domestic Individuals$269,980--$269,980
Depreciation Depletion$175,440$13,350$1,907$190,697
Current Officers, Directors, Trustees, and Key Employees$57,899$86,485$8,794$153,178
Interest$91,866$6,990$999$99,855
Payroll Taxes$72,301$11,794$661$84,756
All Other Expenses$57,807$1,578$135$59,520
Insurance$27,594$2,101$300$29,995
Other Expenses$15,749$1,743$249$15,749
Office Expenses$1,409$5,539$2,879$9,827
Pension Plan Contributions$8,834--$8,834
Fees for Services Accounting-$7,125-$7,125
Information Technology$3,955$301$43$4,299
Fees for Services Other-$2,980-$2,980
Travel$600--$600
Total Functional Expenses$2,675,597$231,033$18,904$2,925,534
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,954
Fundraising Gross Income$4,954
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Four Daughters Event$19,764$4,954$4,954$0
Total Events$19,764$4,954$4,954$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
Joy PacynaSpouse of Joel Pacyna, Board of DirectorEmployment CompensationNo$34,837
Caleb NelsonSecretary, Board of DirectorsTuition Paid to SchoolNo$29,100
Jacob AllenVice Chairman, Board of DirectorsTuition Paid to SchoolNo$29,100
Joel PacynaChairman, Board of DirectorsTuition Paid to SchoolNo$29,100
Cari EkbomDirector, Board of DirectorsTuition Paid to SchoolNo$19,400
Jason ZimmermanDirector, Board of DirectorsTuition Paid to SchoolNo$19,400
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
2023-11-21
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
49
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 518 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/LandBldgEquipAccumDeprecAmt03707210
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03996128
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04148552
IRS990/LandBldgEquipCostOrOtherBssAmt07855762
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt047781
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/BOYAmt02579168
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02489172
IRS990/NetAssetsOrFundBalancesBOYAmt01964718
IRS990/NetAssetsOrFundBalancesEOYAmt02245096
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02219
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02219
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01721
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01721
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09149
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09149
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01880052
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02152586
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02937
IRS990/OccupancyGrp/ManagementAndGeneralAmt020572
IRS990/OccupancyGrp/ProgramServicesAmt0270364
IRS990/OccupancyGrp/TotalAmt0293873
IRS990/OfficeExpensesGrp/FundraisingAmt02879
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05539
IRS990/OfficeExpensesGrp/ProgramServicesAmt01409
IRS990/OfficeExpensesGrp/TotalAmt09827
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0566156
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0566156
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc3CLASS ACTIVITIES
IRS990/OtherExpensesGrp/FundraisingAmt0249
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01743
IRS990/OtherExpensesGrp/ProgramServicesAmt077498
IRS990/OtherExpensesGrp/ProgramServicesAmt122912
IRS990/OtherExpensesGrp/ProgramServicesAmt223158
IRS990/OtherExpensesGrp/ProgramServicesAmt315749
IRS990/OtherExpensesGrp/TotalAmt077498
IRS990/OtherExpensesGrp/TotalAmt124904
IRS990/OtherExpensesGrp/TotalAmt223158
IRS990/OtherExpensesGrp/TotalAmt315749
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070475
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0932075
IRS990/OtherSalariesAndWagesGrp/TotalAmt01002550
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0661
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011794
IRS990/PayrollTaxesGrp/ProgramServicesAmt072301
IRS990/PayrollTaxesGrp/TotalAmt084756
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08834
IRS990/PensionPlanContributionsGrp/TotalAmt08834
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt022900
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043053
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041737
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/RelatedOrExemptFuncIncomeAmt02831629
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179171
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02831629
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt189786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210577
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt010615
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0226771
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0227687
IRS990/PYInvestmentIncomeAmt0344
IRS990/PYOtherExpensesAmt0823546
IRS990/PYOtherRevenueAmt08737
IRS990/PYProgramServiceRevenueAmt02654464
IRS990/PYRevenuesLessExpensesAmt083215
IRS990/PYSalariesCompEmpBnftPaidAmt01755868
IRS990/PYTotalExpensesAmt02807101
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02890316
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0280378
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09149
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02921377
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0704968
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0861089
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/BookValueAmt03350951
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02982736
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06333687
IRS990ScheduleD/EquipmentGrp/BookValueAmt098123
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0566427
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0664550
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041056
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0158047
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0199103
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04148552
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/CharitableContributionsTotAmt014810
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014810
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04954
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FOUR DAUGHTERS EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019764
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019764
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04954
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt04954
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04954
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04954
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0269980
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/RecipientCnt077
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/PersonNm0JOEL PACYNA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1CALEB NELSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2CARI EKBOM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3JASON ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4JACOB ALLEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5JOY PACYNA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIRMAN, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SECRETARY, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2DIRECTOR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3DIRECTOR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4VICE CHAIRMAN, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5SPOUSE OF JOEL PACYNA, BOARD OF DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,102,014
Liabilities
$2,856,918
Net assets
$2,245,096
Revenue
$3,205,912
Expenses
$2,925,534
Net income
$280,378
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