Civic Intelligence

Classical Academy De Lafayette

990 • Fiscal year 2023 • EIN 81-4743046

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 25, 2024

20 Hawk Ridge CirLake Saint Louis, MO 63367

(763) 548-4267

Siviq Scores

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

Liabilities / Assets

98th percentile

1.65x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

0.98x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

46th percentile

$45,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

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

Asset Growth

83rd percentile

31%

Faster asset growth than 83% of similar nonprofits.

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

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

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

Assets

Up

$674,056

Up $159,651 (+31%) from 2022

Net Assets

Down

-$437,235

Down $161,501 (-59%) from 2022

Liabilities

Up

$1,111,291

Up $321,152 (+41%) from 2022

Revenue

Down

$1,136,575

Down $240,923 (-17%) from 2022

Expenses

Up

$1,344,680

Up $212,248 (+19%) from 2022

Net Income

Down

-$208,105

Down $453,171 (-185%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2018: $29,051Liabilities 2018: $7,318Net Assets 2018: $21,7332018Assets 2019: $10,866Liabilities 2019: $111,781Net Assets 2019: -$100,9152019Assets 2020: $71,976Liabilities 2020: $335,266Net Assets 2020: -$263,2902020Assets 2021: $70,857Liabilities 2021: $585,347Net Assets 2021: -$514,4902021Assets 2022: $514,405Liabilities 2022: $790,139Net Assets 2022: -$275,7342022Assets 2023: $674,056Liabilities 2023: $1,111,291Net Assets 2023: -$437,2352023Assets 2024: $759,069Liabilities 2024: $1,250,043Net Assets 2024: -$490,9742024Assets 2025: $584,486Liabilities 2025: $1,086,718Net Assets 2025: -$502,2322025

Highlighted filing

2023

Assets$674,056
Liabilities$1,111,291
Net Assets-$437,235

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $194,614Expenses 2018: $181,808Net Income 2018: $12,8062018Revenue 2019: $219,605Expenses 2019: $342,253Net Income 2019: -$122,6482019Revenue 2020: $344,375Expenses 2020: $506,750Net Income 2020: -$162,3752020Revenue 2021: $616,239Expenses 2021: $867,439Net Income 2021: -$251,2002021Revenue 2022: $1,377,498Expenses 2022: $1,132,432Net Income 2022: $245,0662022Revenue 2023: $1,136,575Expenses 2023: $1,344,680Net Income 2023: -$208,1052023Revenue 2024: $2,077,844Expenses 2024: $2,109,425Net Income 2024: -$31,5812024Revenue 2025: $1,807,496Expenses 2025: $1,818,754Net Income 2025: -$11,2582025

Highlighted filing

2023

Revenue$1,136,575
Expenses$1,344,680
Net Income-$208,105
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 25, 2024
Return Version
2022v5.0
Gross Receipts
$1,187,675
Mission and Program Overview

Mission

Lafayette academy develops the academic potential of students through a content rich classical liberal arts program while cultivating wisdom of the mind and virtue of the heart. Lafayette promotes lifelong learning.

The mission of Classical Academy de Lafayette is to develop the academic potential of each student through a rigorous, content-rich, classical liberal arts program while cultivating in them a virtuous character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$250,000$250,000→ $0
Cash and Non-Interest-Bearing Accounts$84,721$229,705▲ $144,984
Land, Buildings, and Equipment, Net$156,985$215,350▲ $58,365
Savings and Temporary Cash Investments$261,261$197,807▼ $63,454
Inventories for Sale or Use-$22,666-
Accounts Receivable$11,438$8,480▼ $2,958
Total Assets$514,405$674,056▲ $159,651
Other Assets Total-$48-
Liabilities
Unsecured Notes Loans Payable$516,090$849,987▲ $333,897
Accounts Payable and Accrued Expenses$24,049$11,304▼ $12,745
Total Liabilities$790,139$1,111,291▲ $321,152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-275,734$-437,235▼ $161,501
Total Net Assets Fund Balance$-275,734$-437,235▼ $161,501
Total Liabilities and Net Assets / Fund Balance$514,405$674,056▲ $159,651

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$122,182-$122,182
Equipment$81,209-$81,209
Leasehold Improvements$11,959$51$12,010
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katy McKinneyCEO, Head of SchoolFT$45,000$45,000
Bill WardDirectorFT$39,315$39,315

Board Members and Trustees

NameTitle
Dale HennChairman
Amy AndersonChairman Former
Benjamin PayneDirector
Dan MeagherDirector
Jamie SullivanDirector Former
Brian McCauleyHead of School
Hallie MeagherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$302,805
Program Service Revenue
$801,572
Investment Income
$0
Other Revenue
$32,198
All Other Contributions
$198,294
Change in Net Assets
$-208,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$904,384
Other Expenses$440,296
Total Fundraising Expense$2,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$394,337$327,740-$722,077
Fees for Services Other$44,615$79,279-$123,894
Current Officers, Directors, Trustees, and Key Employees$84,315--$84,315
Payroll Taxes$39,816$28,580-$68,396
Occupancy$15,583$35,500-$51,083
Fees for Services Legal-$50,893-$50,893
Advertising$43,467$292$2,062$45,821
Other Expenses$32,883$3,321-$32,883
Other Employee Benefits$26,604$2,992-$29,596
Travel$10,139$10,398-$20,537
Fees for Services Accounting$960$14,341-$15,301
Insurance$2,147$12,763-$14,910
All Other Expenses$2,403$12,486-$14,889
Office Expenses$1,421$6,120-$7,541
Information Technology$3,458$2,627-$6,085
Depreciation Depletion-$51-$51
Total Functional Expenses$754,390$588,228$2,062$1,344,680
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$79,336
Fundraising Direct Expenses$51,100
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$162,007$57,496$19,991$37,505
Shooting Team Events$21,840$21,840$11,071$10,769
Total Events$183,847$79,336$51,100$28,236
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
Loans from Officers, Directors, Trustees, and Key Employees$250,000$250,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 2

Dan Meagher and Hallie Meagher have a family relationship.

Form 990, Part VI, Section B, Line 12C

The organization enforced compliance with its conflict of interest policy through annual review at a board meeting. Conflict of Interest disclosures are made as needed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

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

The organization uses the following methods to establish compensation packages for its employees written employment contracts and as detailed in the budget approved by the board.

Form 990, Part VI, Section B, Line 11B

The organizations treasurer and board chair review the 990 form prior to submitting to the IRS. The finalized 990 is then submitted to the full board prior to filing.

Filing and Contact Details

Filer

Filer Name
Classical Academy de Lafayette
EIN
81-4743046
In Care Of
% Zach Easton
Phone
7635484267
Address
20 Hawk Ridge Cir, Lake Saint Louis, MO 63367

Signing Officer

Name
Katy McKinney
Title
CEO
Phone
7635484267
Signed
2024-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katy McKinney
Formed
2016
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
6
Employees
27
Volunteers
85

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
Andrew D Payne EA
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

The previously reported ending net asset balance was overstated by 46,604.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028580
IRS990/PayrollTaxesGrp/ProgramServicesAmt039816
IRS990/PayrollTaxesGrp/TotalAmt068396
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Katy McKinney
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Shooting Team Income
IRS990/ProgramServiceRevenueGrp/Desc2Cafeteria
IRS990/ProgramServiceRevenueGrp/Desc3Uniforms
IRS990/ProgramServiceRevenueGrp/Desc4Extracurricular Activities Bus Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0781690
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12807
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24269
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt420477
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0773690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420477
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0702571
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0433184
IRS990/PYOtherRevenueAmt04376
IRS990/PYProgramServiceRevenueAmt0670551
IRS990/PYRevenuesLessExpensesAmt0245066
IRS990/PYSalariesCompEmpBnftPaidAmt0699248
IRS990/PYTotalExpensesAmt01132432
IRS990/PYTotalRevenueAmt01377498
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-208105
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0801572
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0261261
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0197807
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0122182
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0122182
IRS990ScheduleD/EquipmentGrp/BookValueAmt081209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081209
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011959
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt051
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0215350
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/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0104511
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0104511
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt051100
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt022
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt022
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Spring Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Shooting Team Events
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013457
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013457
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0162007
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021840
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0183847
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt057496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt021840
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt079336
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028236
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02750
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02750
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt031062
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019991
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt011071
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03809
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03809
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start up costs.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0268000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Katy McKinney
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0250000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Dan Meagher and Hallie Meagher have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization enforced compliance with its conflict of interest policy through annual review at a board meeting. Conflict of Interest disclosures are made as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization uses the following methods to establish compensation packages for its employees written employment contracts and as detailed in the budget approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The previously reported ending net asset balance was overstated by 46,604.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organizations treasurer and board chair review the 990 form prior to submitting to the IRS. The finalized 990 is then submitted to the full board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9

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