Civic Intelligence

Grace Classical Academy Inc.

990 • Fiscal year 2019 • EIN 46-5621765

Jun 01, 2018 to May 31, 2019 • 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

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

91st percentile

99%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

38%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$156,103

Up $77,695 (+99%) from 2018

Net Assets

Up

$141,503

Up $63,095 (+80%) from 2018

Liabilities

Up

$14,600

Up $14,600 from 2018

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin78th percentile

Revenue

Up

$350,842

Up $97,441 (+38%) from 2018

Expenses

Up

$273,065

Up $47,431 (+21%) from 2018

Net Income

Up

$77,777

Up $50,010 (+180%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2019

Assets$156,103
Liabilities$14,600
Net Assets$141,503
Open 2019 Filing

Operations Trend

Revenue Growth82nd 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

2019

Revenue$350,842
Expenses$273,065
Net Income$77,777
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Oct 30, 2020
Return Version
2018v3.1
Gross Receipts
$350,842
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$90,958$155,014▲ $64,056
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$92,047$156,103▲ $64,056
Other Assets Total-$0-
Liabilities
Deferred Revenue$28,320$14,600▼ $13,720
Other Liabilities$1--
Total Liabilities$28,321$14,600▼ $13,721
Net Assets / Fund Balance
Unrestricted Net Assets$63,726$141,503▲ $77,777
Total Net Assets Fund Balance$63,726$141,503▲ $77,777
Total Liabilities and Net Assets / Fund Balance$92,047$156,103▲ $64,056

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,089--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Mattew LoveallPresident
Richard WillettDirector
Emily LoveallVP Secretary Director
Ryan PotterSecretary
William RaymondSecretary
Emily LoveallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,896
Program Service Revenue
$328,343
Investment Income
$603
Other Revenue
$0
All Other Contributions
$21,896
Change in Net Assets
$77,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$215,803
Other Expenses$57,262
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$199,853--$199,853
Payroll Taxes$15,950--$15,950
All Other Expenses$6,685--$6,685
Advertising$3,727--$3,727
Insurance$3,467--$3,467
Other Expenses$2,536--$2,536
Total Functional Expenses$273,065$0$0$273,065
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
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
Director
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mattew 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
Supplemental Narrative

Additional Explanations

Amended Explanation

“Original return was filed using prior year data. Instead of filing fiscal year 06/01/2018 - 05/31/2019 data the return was entered using 06/01/2017 - 05/31/2018 financial data.Officer and Director information was also updated to reflect the removal of Scott W Duval and Wendy A Duval. The new updated Officers and Directors have been entered.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Original return was filed using prior year data. Instead of filing fiscal year 06/01/2018 - 05/31/2019 data the return was entered using 06/01/2017 - 05/31/2018 financial data.Officer and Director information was also updated to reflect the removal of Scott W Duval and Wendy A Duval. The new updated Officers and Directors have been entered.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Amended Explanation
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt092047
IRS990/TotalAssetsEOYAmt0156103
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IRS990/TotalAssetsGrp/EOYAmt0156103
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt021896
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0273065
IRS990/TotalFunctionalExpensesGrp/TotalAmt0273065
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028321
IRS990/TotalLiabilitiesEOYAmt014600
IRS990/TotalLiabilitiesGrp/BOYAmt028321
IRS990/TotalLiabilitiesGrp/EOYAmt014600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt063726
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0141503
IRS990/TotalProgramServiceExpensesAmt0273065
IRS990/TotalProgramServiceRevenueAmt0328343
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0328946
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0350842
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156103
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IRS990/USAddress/AddressLine1Txt0PO BOX 1012
IRS990/USAddress/CityNm0BONITA SPRINGS
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW LOVEALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
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/PreparerFirmEIN0822834836
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/ReturnTs02020-11-11T11:22:40-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,103
Liabilities
$14,600
Net assets
$141,503
Revenue
$350,842
Expenses
$273,065
Net income
$77,777
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