Civic Intelligence

Charis Classical Academy Incorporated

990 • Fiscal year 2017 • EIN 45-2800737

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

PO Box 5642Madison, WI 53705

(608) 345-4203

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.66x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

57th percentile

6.4%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

78th percentile

31%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

117%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$236,105

Up $55,790 (+31%) from 2016

Net Assets

Up

$81,345

Up $2,788 (+3.5%) from 2016

Liabilities

Up

$154,760

Up $53,002 (+52%) from 2016

Revenue

Up

$214,263

Up $115,340 (+117%) from 2016

Expenses

Up

$200,475

Up $68,250 (+52%) from 2016

Net Income

Up

$13,788

Up $47,090 (+141%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $82,920Net Assets 2014: $82,9202014Assets 2015: $132,577Liabilities 2015: $1,155Net Assets 2015: $131,4222015Assets 2016: $180,315Liabilities 2016: $101,758Net Assets 2016: $78,5572016Assets 2017: $236,105Liabilities 2017: $154,760Net Assets 2017: $81,3452017Assets 2018: $356,246Liabilities 2018: $296,643Net Assets 2018: $59,6032018Assets 2019: $425,591Liabilities 2019: $433,094Net Assets 2019: -$7,5032019Assets 2020: $408,091Liabilities 2020: $465,320Net Assets 2020: -$57,2292020Assets 2021: $616,512Liabilities 2021: $492,774Net Assets 2021: $123,7382021Assets 2022: $693,693Liabilities 2022: $429,659Net Assets 2022: $264,0342022Assets 2023: $1,082,202Liabilities 2023: $501,310Net Assets 2023: $580,8922023Assets 2024: $3,069,630Liabilities 2024: $1,938,041Net Assets 2024: $1,131,5892024

Highlighted filing

2017

Assets$236,105
Liabilities$154,760
Net Assets$81,345

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $126,169Expenses 2014: $65,968Net Income 2014: $60,2012014Revenue 2015: $148,531Expenses 2015: $97,689Net Income 2015: $50,8422015Revenue 2016: $98,923Expenses 2016: $132,225Net Income 2016: -$33,3022016Revenue 2017: $214,263Expenses 2017: $200,475Net Income 2017: $13,7882017Revenue 2018: $291,348Expenses 2018: $281,841Net Income 2018: $9,5072018Revenue 2019: $311,875Expenses 2019: $365,781Net Income 2019: -$53,9062019Revenue 2020: $399,794Expenses 2020: $445,718Net Income 2020: -$45,9242020Revenue 2021: $593,376Expenses 2021: $412,409Net Income 2021: $180,9672021Revenue 2022: $583,834Expenses 2022: $478,293Net Income 2022: $105,5412022Revenue 2023: $908,052Expenses 2023: $587,248Net Income 2023: $320,8042023Revenue 2024: $1,270,090Expenses 2024: $723,485Net Income 2024: $546,6052024

Highlighted filing

2017

Revenue$214,263
Expenses$200,475
Net Income$13,788
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$217,938
Mission and Program Overview

Mission

Charis Classical Academy provides a gospel based, classical education experience to students that is based on the curriculum developed by Charlotte Mason and which incorporates the university model.

Gospel based classical education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$174,035$235,605▲ $61,570
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$180,315$236,105▲ $55,790
Other Assets Total$6,280$500▼ $5,780
Liabilities
Other Liabilities$101,758$154,760▲ $53,002
Total Liabilities$101,758$154,760▲ $53,002
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$42,882-
Unrestricted Net Assets$78,557$38,463▼ $40,094
Total Net Assets Fund Balance$78,557$81,345▲ $2,788
Total Liabilities and Net Assets / Fund Balance$180,315$236,105▲ $55,790
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff LarsonPresident
Zach NielsonVice President
Jay TuckDirector
Jill StahlDirector
Kim NielsonDirector
Shannon StahlDirector
Becky LarsonSecretary
Katie TuckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,598
Program Service Revenue
$158,248
Investment Income
$12
Other Revenue
$2,405
All Other Contributions
$53,598
Change in Net Assets
$13,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$157,670
Other Expenses$42,805
Total Fundraising Expense$2,003
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$129,027$14,497$1,450$144,974
Occupancy$12,930$1,453$145$14,528
Payroll Taxes$11,299$1,270$127$12,696
Office Expenses$9,892$1,112$111$11,115
Advertising$3,423$385$38$3,846
Fees for Services Accounting$2,178$245$24$2,447
Insurance$1,901$214$21$2,136
Other Expenses$263$30$3$296
Fees for Services Other$32$4-$36
Total Functional Expenses$178,422$20,050$2,003$200,475
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,080
Fundraising Direct Expenses$3,675
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Tuition$151,779
Payroll Taxes Payable$2,981
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The board is made up of four married couples who are all volunteers with no compensation.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Charis Classical Academy Inc
EIN
45-2800737
Phone
6083454203
Address
PO BOX 5642, MADISON, WI 53705

Signing Officer

Name
Katie Tuck
Title
Treasurer
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
0
Employees
0

Preparer

Firm
Full Spectrum Solutions LLC
Address
1500 W Main St Suite 100, Sun Prairie, WI 53590
Preparer
Larry J Sveda
Phone
6082689583
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Reduction in scholarship fund = -$11000

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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt013788
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02981
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1151779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID TUITION
IRS990ScheduleD/TotalLiabilityAmt0154760
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS MADE UP OF FOUR MARRIED COUPLES WHO ARE ALL VOLUNTEERS WITH NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REDUCTION IN SCHOLARSHIP FUND = -$11000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0178422
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200475
IRS990/TotalGrossUBIAmt012
IRS990/TotalLiabilitiesBOYAmt0101758
IRS990/TotalLiabilitiesEOYAmt0154760
IRS990/TotalLiabilitiesGrp/BOYAmt0101758
IRS990/TotalLiabilitiesGrp/EOYAmt0154760
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt078557
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt081345
IRS990/TotalProgramServiceExpensesAmt0178422
IRS990/TotalProgramServiceRevenueAmt0158248
IRS990/TotalRevenueGrp/ExclusionAmt0158248
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0214263
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236105
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt078557
IRS990/UnrestrictedNetAssetsGrp/EOYAmt038463
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.CHARISCLASSICAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATIE TUCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARIS CLASSICAL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0452800737

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