Civic Intelligence

Grace Classical Academy Inc.

990 • Fiscal year 2022 • EIN 46-5621765

Jun 01, 2021 to May 31, 2022 • Filed on Apr 13, 2023

Organization Profilewww.wearegca.com
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

53rd percentile

0.02x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

86th percentile

50%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

52%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$485,804

Up $162,154 (+50%) from 2021

Net Assets

Up

$474,056

Up $166,281 (+54%) from 2021

Liabilities

Down

$11,748

Down $4,127 (-26%) from 2021

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin69th percentile

Revenue

Up

$889,912

Up $305,849 (+52%) from 2021

Expenses

Up

$723,631

Up $242,514 (+50%) from 2021

Net Income

Up

$166,281

Up $63,335 (+62%) from 2021

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

2022

Assets$485,804
Liabilities$11,748
Net Assets$474,056
Open 2022 Filing

Operations Trend

Revenue Growth79th 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

2022

Revenue$889,912
Expenses$723,631
Net Income$166,281
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Apr 13, 2023
Return Version
2021v4.1
Gross Receipts
$901,056
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$322,561$484,715▲ $162,154
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$323,650$485,804▲ $162,154
Other Assets Total-$0-
Liabilities
Deferred Revenue$15,875$8,860▼ $7,015
Accounts Payable and Accrued Expenses-$2,885-
Other Liabilities-$3-
Total Liabilities$15,875$11,748▼ $4,127
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$307,775$474,056▲ $166,281
Total Net Assets Fund Balance$307,775$474,056▲ $166,281
Total Liabilities and Net Assets / Fund Balance$323,650$485,804▲ $162,154

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,089-$1,089
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Matthew LoveallPresident
Richard WillettDirector
William RaymondSecretary
Ryan PotterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,743
Program Service Revenue
$784,632
Investment Income
$715
Other Revenue
$21,822
All Other Contributions
$4,569
Change in Net Assets
$166,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$501,884
Other Expenses$221,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$465,371--$465,371
Occupancy$100,000--$100,000
Office Expenses$76,645--$76,645
Payroll Taxes$36,513--$36,513
Fees for Services Other$3,580$24,106-$27,686
Information Technology$5,224--$5,224
Fees for Services Accounting-$4,950-$4,950
Insurance$1,565$2,612-$4,177
Fees for Services Legal-$990-$990
Advertising$555--$555
Other Expenses$425--$425
Total Functional Expenses$690,973$32,658$0$723,631
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,966
Fundraising Direct Expenses$11,144
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundraiser Dinner$39,705$32,966$2,388$30,578
Total Events$39,705$32,966$11,144$21,822
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
Rounding$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 15B: Compensation Review and Approval Process for Officers and Key Employees

“Head of School and Dean of Students provide the board with suggested salary or pay rates. Compensation review and approval is then reviewed and voted on by board of directors.”

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

“Form 990 is available at www.guidestar.org”

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
2023-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Loveall
Formed
2014
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
18

Preparer

Firm
Nelson Accounting Services
Address
24311 Walden Center Dr Suite 200, Bonita Springs, FL 34134
Preparer
Scott T Nelson
Phone
2398295979
Raw XML Appendix392 raw XML fields

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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IRS990/MissionDesc0GRACE CLASSICAL ACADEMY EXISTS TO GLORIFY GOD BY CULTIVATING TRUTH, GOODNESS, AND BEAUTY THROUGH A CHRIST-CENTERED CLASSICAL EDUCATION EQUIPPING STUDEENTS TO BLESS THOSE AROUND THEM.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization's nondiscriminatory policy is posted on the homepage of its website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Organization does not ask for or keep records of individuals based on race. The thirdparty software used "GradeLink" does ask about students race but is not required to be divulged.
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
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt06739
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt06739
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011144
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Fundraiser Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02956
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02956
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032966
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032966
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021822
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02388
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02388
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05800
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05800
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0Annual dinner fundraiser. No professional fundraising services contracted.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Head of School and Dean of Students provide the board with suggested salary or pay rates. Compensation review and approval is then reviewed and voted on by board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is available at www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0323650
IRS990/TotalAssetsEOYAmt0485804
IRS990/TotalAssetsGrp/BOYAmt0323650
IRS990/TotalAssetsGrp/EOYAmt0485804
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt082743
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032658
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0690973
IRS990/TotalFunctionalExpensesGrp/TotalAmt0723631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015875
IRS990/TotalLiabilitiesEOYAmt011748
IRS990/TotalLiabilitiesGrp/BOYAmt015875
IRS990/TotalLiabilitiesGrp/EOYAmt011748
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0307775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0474056
IRS990/TotalProgramServiceExpensesAmt0690973
IRS990/TotalProgramServiceRevenueAmt0784632
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0785347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0889912
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0323650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0485804
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 1012
IRS990/USAddress/CityNm0BONITA SPRINGS
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034133
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.wearegca.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW LOVEALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-13
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/AddressLine1Txt024311 Walden Center Dr Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bonita Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034134
ReturnHeader/PreparerPersonGrp/PhoneNum02398295979
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott T Nelson
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-04-13T12:59:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATTHEW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOVEALL
ReturnHeader/TaxPeriodBeginDt02021-06-01
ReturnHeader/TaxPeriodEndDt02022-05-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$485,804
Liabilities
$11,748
Net assets
$474,056
Revenue
$889,912
Expenses
$723,631
Net income
$166,281
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