Civic Intelligence

Schaeffer Academy

990 • Fiscal year 2022 • EIN 41-1728882

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 20, 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

87th percentile

0.60x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

1.01x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

42nd percentile

2.9%

Higher net margin than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$104,752

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

52nd percentile

2.1%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$4,871,434

Up $100,751 (+2.1%) from 2021

Net Assets

Up

$1,964,718

Up $83,215 (+4.4%) from 2021

Liabilities

Up

$2,906,716

Up $17,536 (+0.6%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin42nd percentile

Revenue

Up

$2,890,316

Up $310,909 (+12%) from 2021

Expenses

Up

$2,807,101

Up $265,075 (+10%) from 2021

Net Income

Up

$83,215

Up $45,834 (+123%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2022

Assets$4,871,434
Liabilities$2,906,716
Net Assets$1,964,718
Open 2022 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

2022

Revenue$2,890,316
Expenses$2,807,101
Net Income$83,215
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 20, 2023
Return Version
2021v4.2
Gross Receipts
$2,919,319
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$3,910,119$3,996,128▲ $86,009
Savings and Temporary Cash Investments$700,556$704,968▲ $4,412
Cash and Non-Interest-Bearing Accounts$79,045$91,151▲ $12,106
Prepaid Expenses and Deferred Charges$42,314$43,053▲ $739
Pledges and Grants Receivable$12,351$22,900▲ $10,549
Inventories for Sale or Use$9,616$7,591▼ $2,025
Accounts Receivable$16,682$5,643▼ $11,039
Total Assets$4,770,683$4,871,434▲ $100,751
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,549,943$2,579,168▲ $29,225
Deferred Revenue$240,203$237,216▼ $2,987
Accounts Payable and Accrued Expenses$99,034$90,332▼ $8,702
Total Liabilities$2,889,180$2,906,716▲ $17,536
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,795,665$1,880,052▲ $84,387
Net Assets With Donor Restrictions$85,838$84,666▼ $1,172
Total Net Assets Fund Balance$1,881,503$1,964,718▲ $83,215
Total Liabilities and Net Assets / Fund Balance$4,770,683$4,871,434▲ $100,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,222,084$2,831,620$6,053,704
Land$658,422-$658,422
Equipment$67,091$547,712$614,803
Other Land Buildings$48,531$140,572$189,103
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith PhillipsHeadmasterFT$80,084$24,668$104,752
Cindy SchweighartTreasurerFT$43,501$394$43,895

Board Members and Trustees

NameTitle
Cari EkbomChairman
Jacob Allen EsqVice Chairman
Caleb NelsonDirector
Charles WallaceDirector
Dr Andy Vaughan ResignedDirector
Jason ZimmermanDirector
Neal SangerDirector
Svea MerryDirector
Joel PacynaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$226,771
Program Service Revenue
$2,654,464
Investment Income
$344
Other Revenue
$8,737
All Other Contributions
$226,771
Change in Net Assets
$83,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,755,868
Other Expenses$823,546
Grants and Similar Amounts Paid$227,687
Total Fundraising Expense$20,916
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$907,741$69,926-$977,667
Other Employee Benefits$547,182--$547,182
Occupancy$258,172$19,644$2,806$280,622
Grants to Domestic Individuals$227,687--$227,687
Depreciation Depletion$175,565$13,359$1,908$190,832
Current Officers, Directors, Trustees, and Key Employees$56,195$84,080$8,372$148,647
Interest$100,689$7,661$1,094$109,444
Payroll Taxes$70,227$11,519$626$82,372
All Other Expenses$54,117$1,410$139$55,666
Office Expenses$1,512$25,931$5,420$32,863
Insurance$26,835$2,043$292$29,170
Other Expenses$13,310$1,513$216$13,310
Fees for Services Accounting-$6,800-$6,800
Travel$6,715--$6,715
Information Technology$3,926$299$43$4,268
Fees for Services Other-$1,405-$1,405
Total Functional Expenses$2,540,595$245,590$20,916$2,807,101
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
Caleb NelsonDirector, Board of DirectorsTuition Paid to SchoolNo$27,999
Cari EkbomChairman, Board of DirectorsTuition Paid to SchoolNo$27,999
Jacob AllenVice Chairman, Board of DirectorsTuition Paid to SchoolNo$27,999
Joel PacynaSecretary, Board of DirectorsTuition Paid to SchoolNo$27,999
Jason ZimmermanDirector, Board of DirectorsTuition Paid to SchoolNo$18,666
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 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
2023-03-20
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
52
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 504 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0SCHAEFFER ACADEMY REMAINS COMMITTED TO ITS ORIGINAL PURPOSE OF PROVIDING A CHRIST-CENTERED AND CLASSICAL EDUCATION WHICH EMPHASIZES ACADEMIC EXCELLENCE. WE BASE THE PHILOSOPHY AND CONTENT OF OUR EDUCATION ON THE PRINCIPLE THAT IT IS NECESSARY TO REMAIN FAITHFUL AND OBEDIENT TO THE TRUTH OF GOD AS REVEALED IN SCRIPTURE. THROUGH INSTRUCTION IN THE GREAT BOOKS AND IDEAS OF WESTERN CIVILIZATION, WE EMPHASIZE GRAMMAR, LOGIC, AND RHETORIC IN ALL SUBJECTS, WE ENCOURAGE EVERY STUDENT TO DEVELOP A LOVE FOR LEARNING, AND WE PROVIDE AN ORDERLY ATMOSPHERE IN WHICH TO ACCOMPLISH THOSE GOALS. WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
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IRS990/Desc0PROVIDES A CHRIST-CENTERED AND CLASSICAL EDUCATION TO STUDENTS IN GRADES K-12. ENROLLMENT FOR THE FISCAL YEAR AVERAGED 276 STUDENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/InterestGrp/TotalAmt0109444
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09616
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07591
IRS990/InvestmentIncomeGrp/ExclusionAmt0344
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0344
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03519904
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03910119
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03996128
IRS990/LandBldgEquipCostOrOtherBssAmt07516032
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02549943
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02579168
IRS990/NetAssetsOrFundBalancesBOYAmt01881503
IRS990/NetAssetsOrFundBalancesEOYAmt01964718
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0823
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0823
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt07914
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07914
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01795665
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01880052
IRS990/NoncashContributionsAmt09280
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02806
IRS990/OccupancyGrp/ManagementAndGeneralAmt019644
IRS990/OccupancyGrp/ProgramServicesAmt0258172
IRS990/OccupancyGrp/TotalAmt0280622
IRS990/OfficeExpensesGrp/FundraisingAmt05420
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025931
IRS990/OfficeExpensesGrp/ProgramServicesAmt01512
IRS990/OfficeExpensesGrp/TotalAmt032863
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0547182
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0547182
IRS990/OtherExpensesGrp/Desc0ATHLETIC PROGRAM
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2CURRICULUM EXPENSES
IRS990/OtherExpensesGrp/Desc3CLASS ACTIVITIES
IRS990/OtherExpensesGrp/FundraisingAmt0216
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01513
IRS990/OtherExpensesGrp/ProgramServicesAmt053445
IRS990/OtherExpensesGrp/ProgramServicesAmt119890
IRS990/OtherExpensesGrp/ProgramServicesAmt217387
IRS990/OtherExpensesGrp/ProgramServicesAmt313310
IRS990/OtherExpensesGrp/TotalAmt053445
IRS990/OtherExpensesGrp/TotalAmt121619
IRS990/OtherExpensesGrp/TotalAmt217387
IRS990/OtherExpensesGrp/TotalAmt313310
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069926
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0907741
IRS990/OtherSalariesAndWagesGrp/TotalAmt0977667
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0626
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011519
IRS990/PayrollTaxesGrp/ProgramServicesAmt070227
IRS990/PayrollTaxesGrp/TotalAmt082372
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt012351
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022900
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042314
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043053
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/RelatedOrExemptFuncIncomeAmt02555531
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt185505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27728
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02555531
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt191205
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27728
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt05700
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0286581
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0211810
IRS990/PYInvestmentIncomeAmt0699
IRS990/PYOtherExpensesAmt0757877
IRS990/PYOtherRevenueAmt012076
IRS990/PYProgramServiceRevenueAmt02280051
IRS990/PYRevenuesLessExpensesAmt037381
IRS990/PYSalariesCompEmpBnftPaidAmt01572339
IRS990/PYTotalExpensesAmt02542026
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02579407
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt083215
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07914
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02648764
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0700556
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0704968
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/BookValueAmt03222084
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02831620
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06053704
IRS990ScheduleD/EquipmentGrp/BookValueAmt067091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0547712
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0614803
IRS990ScheduleD/LandGrp/BookValueAmt0658422
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0658422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048531
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0140572
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0189103
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03996128
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/CashGrantAmt0227667
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/RecipientCnt063
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/RelationshipDescriptionTxt0SECRETARY, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2CHAIRMAN, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3DIRECTOR, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4VICE CHAIRMAN, BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt027999
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt127999
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt227999
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt318666
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt427999
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1TUITION PAID TO SCHOOL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2TUITION PAID TO SCHOOL

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,871,434
Liabilities
$2,906,716
Net assets
$1,964,718
Revenue
$2,890,316
Expenses
$2,807,101
Net income
$83,215
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