Civic Intelligence

Grace Classical Christian Academy

990 • Fiscal year 2021 • EIN 45-2949553

Sep 01, 2020 to Aug 31, 2021 • Filed on Apr 13, 2022

Organization ProfileWWW.GRACECLASSICAL.COM
PO Box 41Granbury, TX 76048

(817) 771-4951

Siviq Scores

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

Liabilities / Assets

87th percentile

0.53x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.63x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

71st percentile

28%

Higher net margin than 71% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

61st percentile

17%

Faster asset growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

2.1%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$797,605

Up $113,883 (+17%) from 2020

Net Assets

Up

$374,196

Up $188,802 (+102%) from 2020

Liabilities

Down

$423,409

Down $74,919 (-15%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin71st percentile

Revenue

Up

$674,799

Up $13,601 (+2.1%) from 2020

Expenses

Down

$485,997

Down $90,804 (-16%) from 2020

Net Income

Up

$188,802

Up $104,405 (+124%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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 2011: $42,339Liabilities 2011: $02011Assets 2012: $24,451Liabilities 2012: $02012Assets 2014: $64,604Liabilities 2014: $02014Assets 2015: $28,294Liabilities 2015: $20,480Net Assets 2015: $7,8142015Assets 2016: $37,126Liabilities 2016: $38,894Net Assets 2016: -$1,7682016Assets 2017: $57,460Liabilities 2017: $89,049Net Assets 2017: -$31,5892017Assets 2018: $115,126Liabilities 2018: $85,743Net Assets 2018: $29,3832018Assets 2019: $573,055Liabilities 2019: $472,059Net Assets 2019: $100,9962019Assets 2020: $683,722Liabilities 2020: $498,328Net Assets 2020: $185,3942020Assets 2021: $797,605Liabilities 2021: $423,409Net Assets 2021: $374,1962021Assets 2022: $419,742Liabilities 2022: $11,770Net Assets 2022: $407,9722022Assets 2023: $952,350Liabilities 2023: $18,757Net Assets 2023: $933,5932023Assets 2024: $1,437,093Liabilities 2024: $139,870Net Assets 2024: $1,297,2232024Assets 2025: $3,678,145Liabilities 2025: $119,451Net Assets 2025: $3,558,6942025

Highlighted filing

2021

Assets$797,605
Liabilities$423,409
Net Assets$374,196
Open 2021 Filing

Operations Trend

Revenue Growth37th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $51,000Expenses 2011: $8,661Net Income 2011: $42,3392011Revenue 2012: $100,950Expenses 2012: $118,838Net Income 2012: -$17,8882012Revenue 2014: $248,691Expenses 2014: $216,315Net Income 2014: $32,3762014Revenue 2015: $97,935Expenses 2015: $153,975Net Income 2015: -$56,0402015Revenue 2016: $307,185Expenses 2016: $316,767Net Income 2016: -$9,5822016Revenue 2017: $312,309Expenses 2017: $342,130Net Income 2017: -$29,8212017Revenue 2018: $481,693Expenses 2018: $420,721Net Income 2018: $60,9722018Revenue 2019: $478,976Expenses 2019: $407,363Net Income 2019: $71,6132019Revenue 2020: $661,198Expenses 2020: $576,801Net Income 2020: $84,3972020Revenue 2021: $674,799Expenses 2021: $485,997Net Income 2021: $188,8022021Revenue 2022: $911,510Expenses 2022: $877,734Net Income 2022: $33,7762022Revenue 2023: $1,461,431Expenses 2023: $935,811Net Income 2023: $525,6202023Revenue 2024: $1,510,446Expenses 2024: $1,149,196Net Income 2024: $361,2502024Revenue 2025: $2,997,525Expenses 2025: $896,169Net Income 2025: $2,101,3562025

Highlighted filing

2021

Revenue$674,799
Expenses$485,997
Net Income$188,802
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Apr 13, 2022
Return Version
2020v4.0
Gross Receipts
$689,353
Mission and Program Overview

Mission

The operation of a school to educate children from pre-kindergarten through high school with an emphasis on an historic christian worldview and related vigorous classical curriculum. During the 2020 - 2021 school year we had students enrolled in grades pre - kindergarten through eleventh grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$420,000$420,000→ $0
Cash and Non-Interest-Bearing Accounts$88,109$198,697▲ $110,588
Savings and Temporary Cash Investments$120,338$125,572▲ $5,234
Investments Other Securities$55,275$45,522▼ $9,753
Total Assets$683,722$797,605▲ $113,883
Other Assets Total-$7,814-
Liabilities
Deferred Revenue$420,000$420,000→ $0
Other Liabilities$78,328$3,409▼ $74,919
Total Liabilities$498,328$423,409▼ $74,919
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$185,394$374,196▲ $188,802
Total Net Assets Fund Balance$185,394$374,196▲ $188,802
Total Liabilities and Net Assets / Fund Balance$683,722$797,605▲ $113,883

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,159--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Aaron GrantPresident
Ike ThomasBoard Member
Anne ThomasSecretary
Ryan MooreTreasurer
Brett CainVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$95,043
Program Service Revenue
$507,390
Investment Income
$288
Other Revenue
$72,078
All Other Contributions
$95,043
Change in Net Assets
$188,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$408,946
Other Expenses$77,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$372,084--$372,084
Payroll Taxes$30,942--$30,942
Occupancy$25,028--$25,028
Fees for Services Other$8,422$50-$8,472
Fees for Services Accounting$1,064$6,466-$7,530
Other Employee Benefits$5,920--$5,920
Office Expenses$4,856--$4,856
Advertising$2,989--$2,989
Information Technology$2,275--$2,275
Insurance$1,830--$1,830
Other Expenses$977--$977
Total Functional Expenses$479,481$6,516$0$485,997
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$86,185
Gaming Direct Expenses$14,554
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$2,699
Due to Employee$710
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Ike thomas anne thomas board member secretary family relationship”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the business manager and board president. A copy of the form 990 is available for review by board members upon request.”

Form 990, Page 6, Part VI, Line 12C

“A conflict of interest questionnaire is filled out by officers and key employees and reviewed by the board on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available in the main office upon request.”

Filing and Contact Details

Filer

Filer Name
Grace Classical Christan Academy
EIN
45-2949553
Phone
8177714951
Address
PO BOX 41, GRANBURY, TX 76048

Signing Officer

Name
Ryan Moore
Title
Treasurer
Phone
8177714951
Signed
2022-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Grant
Formed
2011
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
21
Volunteers
50

Preparer

Firm
Hooper Langley & Associates Pc
Address
5310 E US HIGHWAY 377, GRANBURY, TX 76049
Preparer
Cameron Hooper CPA
Phone
8173578670
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The operation of a school to educate children from pre-kindergarten through high school with an emphasis on an historic christian worldview and related vigorous classical curriculum. During the 2020 - 2021 school year we had students enrolled in grades pre - kindergarten through eleventh grade.”

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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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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/ExplanationTxt0OUR NON-DISCRIMINATORY POLICY IS PRINTED IN OUR RECRUITMENT BROCHURE, APPLICATION PACKETS, STUDENT/PAPER HANDBOOKS, STAFF HANDBOOKS, SCHOOL POLICY MANUALS, AND ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt014554
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt086185
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt086185
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt071631
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt014554
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt014554
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0HOOPER CPA PC
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt05310 E US HWY 377
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0GRANBURY
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0TX
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd076049
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OPERATION OF A SCHOOL TO EDUCATE CHILDREN FROM PRE-KINDERGARTEN THROUGH HIGH SCHOOL WITH AN EMPHASIS ON AN HISTORIC CHRISTIAN WORLDVIEW AND RELATED VIGOROUS CLASSICAL CURRICULUM. DURING THE 2020 - 2021 SCHOOL YEAR WE HAD STUDENTS ENROLLED IN GRADES PRE - KINDERGARTEN THROUGH ELEVENTH GRADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IKE THOMAS ANNE THOMAS BOARD MEMBER SECRETARY FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BUSINESS MANAGER AND BOARD PRESIDENT. A COPY OF THE FORM 990 IS AVAILABLE FOR REVIEW BY BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A CONFLICT OF INTEREST QUESTIONNAIRE IS FILLED OUT BY OFFICERS AND KEY EMPLOYEES AND REVIEWED BY THE BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE IN THE MAIN OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0683722
IRS990/TotalAssetsEOYAmt0797605
IRS990/TotalAssetsGrp/BOYAmt0683722
IRS990/TotalAssetsGrp/EOYAmt0797605
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095043
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06516
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0479481
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485997
IRS990/TotalGrossUBIAmt0447
IRS990/TotalLiabilitiesBOYAmt0498328
IRS990/TotalLiabilitiesEOYAmt0423409
IRS990/TotalLiabilitiesGrp/BOYAmt0498328
IRS990/TotalLiabilitiesGrp/EOYAmt0423409
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0185394
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0374196
IRS990/TotalProgramServiceExpensesAmt0479481
IRS990/TotalProgramServiceRevenueAmt0507390
IRS990/TotalRevenueGrp/ExclusionAmt090
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0579219
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0674799
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0447
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0683722
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0797605
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02004 WOOD DUCK CT
IRS990/USAddress/CityNm0GRANBURY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076049
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.GRACECLASSICAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RYAN MOORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08177714951
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE CLASSICAL CHRISTAN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0452949553
ReturnHeader/Filer/PhoneNum08177714951
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 41
ReturnHeader/Filer/USAddress/CityNm0GRANBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076048
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0834708994
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOOPER LANGLEY & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05310 E US HIGHWAY 377
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076049
ReturnHeader/PreparerPersonGrp/PhoneNum08173578670
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAMERON HOOPER CPA
ReturnHeader/ReturnTs02022-04-14T20:57:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RYAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MOORE
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$797,605
Liabilities
$423,409
Net assets
$374,196
Revenue
$674,799
Expenses
$485,997
Net income
$188,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.68$0.12$3.56$3.00$0.90$2.10
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.14$1.30$1.51$1.15$0.36
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.93$1.46$0.94$0.53
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.41$0.91$0.88$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.80$0.42$0.37$0.67$0.49$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.50$0.19$0.66$0.58$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.47$0.10$0.48$0.41$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.09$0.03$0.48$0.42$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.09$0.03$0.31$0.34$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.00$0.31$0.32$0.01
2015Summary only. Only limited summary data is available for this year.$0.03$0.02$0.01$0.10$0.15$0.06
2014Summary only. Only limited summary data is available for this year.$0.06$0.00$0.25$0.22$0.03
2012Summary only. Only limited summary data is available for this year.$0.02$0.00$0.10$0.12$0.02
2011Summary only. Only limited summary data is available for this year.$0.04$0.00$0.05$0.01$0.04