Civic Intelligence

Grace Classical Academy Inc.

990 • Fiscal year 2023 • EIN 46-5621765

Jun 01, 2022 to May 31, 2023 • Filed on Nov 08, 2024

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

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

50th percentile

$58,771

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$655,151

Up $169,347 (+35%) from 2022

Net Assets

Up

$621,416

Up $147,360 (+31%) from 2022

Liabilities

Up

$33,735

Up $21,987 (+187%) from 2022

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin68th percentile

Revenue

Up

$1,010,020

Up $120,108 (+13%) from 2022

Expenses

Up

$862,660

Up $139,029 (+19%) from 2022

Net Income

Down

$147,360

Down $18,921 (-11%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2023

Assets$655,151
Liabilities$33,735
Net Assets$621,416
Open 2023 Filing

Operations Trend

Revenue Growth60th 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

2023

Revenue$1,010,020
Expenses$862,660
Net Income$147,360
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Nov 8, 2024
Return Version
2022v5.0
Gross Receipts
$1,023,373
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
Savings and Temporary Cash Investments-$346,955-
Cash and Non-Interest-Bearing Accounts$484,715$246,119▼ $238,596
Land, Buildings, and Equipment, Net$1,089$62,077▲ $60,988
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$485,804$655,151▲ $169,347
Other Assets Total-$0-
Liabilities
Deferred Revenue$8,860$30,850▲ $21,990
Accounts Payable and Accrued Expenses$2,885$2,885→ $0
Other Liabilities$3--
Total Liabilities$11,748$33,735▲ $21,987
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$474,056$621,416▲ $147,360
Total Net Assets Fund Balance$474,056$621,416▲ $147,360
Total Liabilities and Net Assets / Fund Balance$485,804$655,151▲ $169,347

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$60,988$662$61,650
Equipment$1,089-$1,089
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cadia ParksHead of SchoolFT$58,771$58,771

Board Members and Trustees

NameTitle
Matthew LoveallPresident
Amy MaurielloVice President
Emily LoveallDirector
Richard WillettDirector
William RaymondSecretary
Ryan PotterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,727
Program Service Revenue
$935,935
Investment Income
$918
Other Revenue
$26,440
All Other Contributions
$11,896
Change in Net Assets
$147,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$665,455
Other Expenses$197,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$559,731--$559,731
Occupancy$105,000--$105,000
Current Officers, Directors, Trustees, and Key Employees$58,771--$58,771
Payroll Taxes$46,953--$46,953
Office Expenses$43,882--$43,882
Fees for Services Accounting-$14,372-$14,372
Information Technology$11,104--$11,104
Insurance$1,914$6,799-$8,713
Fees for Services Other$4,663$1,776-$6,439
Advertising$997--$997
Depreciation Depletion$662--$662
Other Expenses$289$2,124-$289
Total Functional Expenses$837,589$25,071$0$862,660
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,793
Fundraising Direct Expenses$13,353
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundraiser Dinner$68,919$34,088-$34,088
Gift Card Fundraiser$5,705$5,705$5,273$432
Total Events$74,624$39,793$13,353$26,440
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
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, Section B, Line 11B

“In-person meeting with current president of the board to review tax return.”

Form 990, Part VI, Section B, Line 15B

“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, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Grace Classical Academy Inc
EIN
46-5621765
Phone
2392467250
Address
PO BOX 1012, BONITA SPRINGS, FL 34133

Signing Officer

Name
Emily Loveall
Title
President
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Loveall
Formed
2014
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
5
Employees
22

Preparer

Firm
Nelson Accounting Services
Address
24311 Walden Center Dr Suite 200, Bonita Springs, FL 34134
Preparer
Scott T Nelson
Phone
2398295979
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0147360
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0935935
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0346955
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01089
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt060988
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0662
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt061650
IRS990ScheduleD/TotalBookValueLandBuildingsAmt062077
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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/CharitableContributionsTotAmt034831
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt034831
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013353
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Fundraiser Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Gift Card Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt068919
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt074624
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034088
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt039793
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026440
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05273
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05273
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt08080
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08080
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/ExplanationTxt0In-person meeting with current president of the board to review tax return.
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0485804
IRS990/TotalAssetsEOYAmt0655151
IRS990/TotalAssetsGrp/BOYAmt0485804
IRS990/TotalAssetsGrp/EOYAmt0655151
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt046727
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025071
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0837589
IRS990/TotalFunctionalExpensesGrp/TotalAmt0862660
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011748
IRS990/TotalLiabilitiesEOYAmt033735
IRS990/TotalLiabilitiesGrp/BOYAmt011748
IRS990/TotalLiabilitiesGrp/EOYAmt033735
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0474056
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0621416
IRS990/TotalProgramServiceExpensesAmt0837589
IRS990/TotalProgramServiceRevenueAmt0935935
IRS990/TotalReportableCompFromOrgAmt058771
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0936853
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01010020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0485804
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0655151
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/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.wearegca.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EMILY LOVEALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE CLASSICAL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAC

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$655,151
Liabilities
$33,735
Net assets
$621,416
Revenue
$1,010,020
Expenses
$862,660
Net income
$147,360
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