Civic Intelligence

Grace Classical Christian Academy

990 • Fiscal year 2017 • EIN 45-2949553

Sep 01, 2016 to Aug 31, 2017 • Filed on Nov 15, 2017

PO Box 41Granbury, TX 76048

(682) 936-4566

Siviq Scores

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

Liabilities / Assets

96th percentile

1.55x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

0.29x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

24th percentile

-9.5%

Higher net margin than 24% 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

85th percentile

55%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

51st percentile

1.7%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Up

$57,460

Up $20,334 (+55%) from 2016

Net Assets

Down

-$31,589

Down $29,821 (-1687%) from 2016

Liabilities

Up

$89,049

Up $50,155 (+129%) from 2016

Revenue

Up

$312,309

Up $5,124 (+1.7%) from 2016

Expenses

Up

$342,130

Up $25,363 (+8.0%) from 2016

Net Income

Down

-$29,821

Down $20,239 (-211%) 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 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

2017

Assets$57,460
Liabilities$89,049
Net Assets-$31,589

Operations Trend

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

2017

Revenue$312,309
Expenses$342,130
Net Income-$29,821
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$325,222
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.

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 2016-17 school year we had 38 students, respectively, enrolled in grades pk4 through sixth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$27,929$29,926▲ $1,997
Cash and Non-Interest-Bearing Accounts$9,197$27,638▲ $18,441
Other Notes and Loans Receivable, Net-$2,500-
Investments in Publicly Traded Securities-$-2,604-
Total Assets$37,126$57,460▲ $20,334
Liabilities
Deferred Revenue$38,850$89,024▲ $50,174
Accounts Payable and Accrued Expenses$44$25▼ $19
Total Liabilities$38,894$89,049▲ $50,155
Net Assets / Fund Balance
Unrestricted Net Assets$-1,768$-31,589▼ $29,821
Total Net Assets Fund Balance$-1,768$-31,589▼ $29,821
Total Liabilities and Net Assets / Fund Balance$37,126$57,460▲ $20,334
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aaron GrantPresident
David MooreBoard Member
Ike ThomasBoard Member
Mike PullenBoard Member
Rick HuberBoard Member
Anne ThomasSecretary/tr
Sarah HartshornVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$129,315
Program Service Revenue
$183,302
Investment Income
$2
Other Revenue
$-310
All Other Contributions
$99,753
Change in Net Assets
$-29,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$256,196
Other Expenses$85,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$181,829--$181,829
Current Officers, Directors, Trustees, and Key Employees$53,730--$53,730
Occupancy$36,586--$36,586
Payroll Taxes$20,637--$20,637
Advertising$6,018--$6,018
Office Expenses$4,297--$4,297
Fees for Services Other$3,334--$3,334
All Other Expenses$2,948--$2,948
Insurance$2,232--$2,232
Other Expenses$2,072--$2,072
Fees for Services Accounting$400--$400
Total Functional Expenses$342,130$0$0$342,130
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,772
Fundraising Direct Expenses$12,913
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$18,562-$2,259-
Shoot Out Event$26,772$15,772$1,481$14,291
Total Events$45,334$15,772$12,913$2,859
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 Christian Academy
EIN
45-2949553
Phone
6829364566
Address
PO BOX 41, GRANBURY, TX 76048

Signing Officer

Name
Aaron Grant
Title
President
Phone
8172194700
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Grant
Formed
2011
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
14
Volunteers
76

Preparer

Firm
Addington and Associates Pllc
Address
800 AUTUMN RIDGE DR, GRANBURY, TX 76048-2735
Preparer
Lyssa Addington CPA
Phone
8175732484
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 2016-17 school year we had 38 students, respectively, enrolled in grades pk4 through sixth 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/SupplementalInformationDetail/ExplanationTxt0OUR NON-DISCRIMINATORY POLICY IS PRINTED IN OUR RECRUITMENT BROCHURE, APPLICATION PACKETS, STUDENT/PARENT HANDBOOKS, STAFF HANDBOOKS, SCHOOL POLICY MANUALS, AND ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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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 2016-17 SCHOOL YEAR WE HAD 38 STUDENTS, RESPECTIVELY, ENROLLED IN GRADES PK4 THROUGH SIXTH 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
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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
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GRANBURY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076049
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.GRACECLASSICAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AARON GRANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08172194700
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE CLASSICAL CHRISTIAN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0452949553
ReturnHeader/Filer/PhoneNum06829364566
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 41
ReturnHeader/Filer/USAddress/CityNm0GRANBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076048
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02AF561AED5CF417DF4A8F4480DC7452C8E7912DA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId031B790AA375F2D2E18DF29AB54BFF46998C28841
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471763581
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ADDINGTON AND ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 AUTUMN RIDGE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760482735
ReturnHeader/PreparerPersonGrp/PhoneNum08175732484
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYSSA ADDINGTON CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-01T15:17:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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