Civic Intelligence

Grace Classical Academy Inc.

990 • Fiscal year 2020 • EIN 46-5621765

Jun 01, 2019 to May 31, 2020 • Filed on Oct 30, 2020

Organization ProfileN/A
PO Box 1012Bonita Springs, FL 34133

(239) 246-7250

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.28x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.18x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

86th percentile

82%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

24%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$284,371

Up $128,268 (+82%) from 2019

Net Assets

Up

$204,829

Up $63,326 (+45%) from 2019

Liabilities

Up

$79,542

Up $64,942 (+445%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin63rd percentile

Revenue

Up

$435,565

Up $84,723 (+24%) from 2019

Expenses

Up

$372,239

Up $99,174 (+36%) from 2019

Net Income

Down

$63,326

Down $14,451 (-19%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$1.0M$500K$0Assets 2016: $28,194Liabilities 2016: $02016Assets 2017: $52,441Liabilities 2017: $1,8002017Assets 2018: $78,408Liabilities 2018: $0Net Assets 2018: $78,4082018Assets 2019: $156,103Liabilities 2019: $14,600Net Assets 2019: $141,5032019Assets 2020: $284,371Liabilities 2020: $79,542Net Assets 2020: $204,8292020Assets 2021: $323,650Liabilities 2021: $15,875Net Assets 2021: $307,7752021Assets 2022: $485,804Liabilities 2022: $11,748Net Assets 2022: $474,0562022Assets 2023: $655,151Liabilities 2023: $33,735Net Assets 2023: $621,4162023Assets 2024: $630,483Liabilities 2024: $57,516Net Assets 2024: $572,9672024Assets 2025: $844,810Liabilities 2025: $185,253Net Assets 2025: $659,5572025

Highlighted filing

2020

Assets$284,371
Liabilities$79,542
Net Assets$204,829
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$1.5M$1.0M$500K$0Revenue 2016: $151,358Expenses 2016: $130,972Net Income 2016: $20,3862016Revenue 2017: $242,368Expenses 2017: $222,724Net Income 2017: $19,6442017Revenue 2018: $253,401Expenses 2018: $225,634Net Income 2018: $27,7672018Revenue 2019: $350,842Expenses 2019: $273,065Net Income 2019: $77,7772019Revenue 2020: $435,565Expenses 2020: $372,239Net Income 2020: $63,3262020Revenue 2021: $584,063Expenses 2021: $481,117Net Income 2021: $102,9462021Revenue 2022: $889,912Expenses 2022: $723,631Net Income 2022: $166,2812022Revenue 2023: $1,010,020Expenses 2023: $862,660Net Income 2023: $147,3602023Revenue 2024: $1,145,611Expenses 2024: $1,120,408Net Income 2024: $25,2032024Revenue 2025: $1,281,501Expenses 2025: $1,194,911Net Income 2025: $86,5902025

Highlighted filing

2020

Revenue$435,565
Expenses$372,239
Net Income$63,326
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Oct 30, 2020
Return Version
2019v5.0
Gross Receipts
$435,565
Mission and Program Overview

Mission

Grace classical academy seeks to produce students of scholastic, cultural and theological substance

Students of scholastic, cultural and theological substance

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$155,014$283,282▲ $128,268
Land, Buildings, and Equipment, Net$1,089$1,089→ $0
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$156,103$284,371▲ $128,268
Other Assets Total-$0-
Liabilities
Other Liabilities-$50,772-
Deferred Revenue$14,600$28,770▲ $14,170
Total Liabilities$14,600$79,542▲ $64,942
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$141,503$204,829▲ $63,326
Total Net Assets Fund Balance$141,503$204,829▲ $63,326
Total Liabilities and Net Assets / Fund Balance$156,103$284,371▲ $128,268

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,089-$1,089
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Matthew LoveallPresident
Richard WillettDirector
Ryan PotterDirector
Emily LoveallVP Secretary Director
William RaymondSecretary
Emily LoveallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,118
Program Service Revenue
$412,290
Investment Income
$2,157
Other Revenue
$0
All Other Contributions
$10,557
Change in Net Assets
$63,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$300,566
Other Expenses$71,673
Total Fundraising Expense$732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$278,522--$278,522
Payroll Taxes$22,044--$22,044
All Other Expenses$12,057-$732$12,789
Advertising$3,981--$3,981
Insurance$3,696--$3,696
Other Expenses$3,456--$3,456
Information Technology$2,242--$2,242
Fees for Services Legal$500--$500
Office Expenses$194--$194
Total Functional Expenses$371,507$0$732$372,239
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

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
Ppp Loan$50,770
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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
Grace Classical Academy Inc
EIN
46-5621765
Address
PO BOX 1012, BONITA SPRINGS, FL 34133

Signing Officer

Name
Matthew Loveall
Title
President
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Loveall
Formed
2014
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Nelson Accounting Services
Address
3970 Preserve Way, Estero, FL 33928
Preparer
Scott T Nelson CPA
Phone
2398295979
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TaxableDistributionsInd0false
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IRS990/TotalAssetsBOYAmt0156103
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0732
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0371507
IRS990/TotalFunctionalExpensesGrp/TotalAmt0372239
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014600
IRS990/TotalLiabilitiesEOYAmt079542
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 1012
IRS990/USAddress/CityNm0BONITA SPRINGS
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034133
IRS990/VotingMembersGoverningBodyCnt03
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW LOVEALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE CLASSICAL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0465621765
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1012
ReturnHeader/Filer/USAddress/CityNm0BONITA SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034133
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0834003312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Nelson Accounting Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03970 Preserve Way
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Estero
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033928
ReturnHeader/PreparerPersonGrp/PhoneNum02398295979
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott T Nelson CPA
ReturnHeader/ReturnTs02020-11-11T11:36:02-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$284,371
Liabilities
$79,542
Net assets
$204,829
Revenue
$435,565
Expenses
$372,239
Net income
$63,326
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.84$0.19$0.66$1.28$1.19$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.06$0.57$1.15$1.12$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.03$0.62$1.01$0.86$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.47$0.89$0.72$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.02$0.31$0.58$0.48$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.08$0.20$0.44$0.37$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.14$0.35$0.27$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.25$0.23$0.03
2017Summary only. Only limited summary data is available for this year.$0.05$0.00$0.24$0.22$0.02
2016Summary only. Only limited summary data is available for this year.$0.03$0.00$0.15$0.13$0.02