Civic Intelligence

Cedar Classical Academy

990 • Fiscal year 2022 • EIN 82-3657833

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 23, 2023

3654 Okemos RdOkemos, MI 48864

(517) 210-1057

Siviq Scores

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

Liabilities / Assets

58th percentile

0.04x

Higher debt load relative to assets than 58% of similar nonprofits.

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

Liabilities / Revenue

57th percentile

0.04x

Higher debt load relative to revenue than 57% of similar nonprofits.

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

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

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

Top Officer Pay

75th percentile

$66,925

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

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

Asset Growth

91st percentile

81%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

75th percentile

41%

Faster revenue growth than 75% of similar nonprofits.

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

Assets

Up

$742,969

Up $332,734 (+81%) from 2021

Net Assets

Up

$711,067

Up $315,514 (+80%) from 2021

Liabilities

Up

$31,902

Up $17,220 (+117%) from 2021

Revenue

Up

$768,871

Up $222,780 (+41%) from 2021

Expenses

Up

$448,048

Up $136,145 (+44%) from 2021

Net Income

Up

$320,823

Up $86,635 (+37%) from 2021

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-$500KAssets 2019: $134,814Liabilities 2019: $0Net Assets 2019: $134,8142019Assets 2020: $167,569Liabilities 2020: $171,466Net Assets 2020: -$3,8972020Assets 2021: $410,235Liabilities 2021: $14,682Net Assets 2021: $395,5532021Assets 2022: $742,969Liabilities 2022: $31,902Net Assets 2022: $711,0672022Assets 2023: $1,308,627Liabilities 2023: $550,079Net Assets 2023: $758,5482023Assets 2024: $1,317,206Liabilities 2024: $498,354Net Assets 2024: $818,8522024Assets 2025: $1,254,640Liabilities 2025: $500,575Net Assets 2025: $754,0652025

Highlighted filing

2022

Assets$742,969
Liabilities$31,902
Net Assets$711,067

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $143,996Expenses 2019: $9,182Net Income 2019: $134,8142019Revenue 2020: $207,108Expenses 2020: $207,105Net Income 2020: $32020Revenue 2021: $546,091Expenses 2021: $311,903Net Income 2021: $234,1882021Revenue 2022: $768,871Expenses 2022: $448,048Net Income 2022: $320,8232022Revenue 2023: $764,201Expenses 2023: $719,328Net Income 2023: $44,8732023Revenue 2024: $952,125Expenses 2024: $896,238Net Income 2024: $55,8872024Revenue 2025: $917,030Expenses 2025: $983,606Net Income 2025: -$66,5762025

Highlighted filing

2022

Revenue$768,871
Expenses$448,048
Net Income$320,823
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 23, 2023
Return Version
2021v4.2
Gross Receipts
$773,070
Mission and Program Overview

Mission

Cedar classical academy assists parents in the education of their children by cultivating in them the intellectual and moral virtue necessary for a well-ordered understanding of god, human nature, and the world. Offering a rigorous course of study in the western liberal arts tradition, teaching students to discover goodness, truth, and beauty in every discipline as a reflection of god - the father, the son, and the holy spirit. Cedar classical academy equips students to become self-governing men and women who joyfully serve their god and neighbor.

To assist parents in the classical education of their children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$67,255$374,240▲ $306,985
Savings and Temporary Cash Investments$342,980$343,880▲ $900
Investments Other Securities-$24,849-
Total Assets$410,235$742,969▲ $332,734
Liabilities
Accounts Payable and Accrued Expenses$7,325$27,480▲ $20,155
Deferred Revenue$7,357$4,422▼ $2,935
Total Liabilities$14,682$31,902▲ $17,220
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$230,291$374,735▲ $144,444
Net Assets With Donor Restrictions$165,262$336,332▲ $171,070
Total Net Assets Fund Balance$395,553$711,067▲ $315,514
Total Liabilities and Net Assets / Fund Balance$410,235$742,969▲ $332,734

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022-$30,244▼ $5,395-$24,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack HummelHead of SchoolFT$50,170$16,755$66,925

Board Members and Trustees

NameTitle
Josh HullChairman of the Board
Collen PuuriDirector
David ShaneDirector
Timothy PengDirector
Emma SetteringtonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$479,959
Program Service Revenue
$288,584
Investment Income
$84
Other Revenue
$244
All Other Contributions
$465,406
Change in Net Assets
$320,823

Audited Revenue Reconciliation

Revenue per Audited Statements
$768,701
Revenue Not Reported on Financial Statements
$170
Revenue Not Reported on Form 990
$-1,110
Total Revenue per Audited Statements
$767,591
Total Revenue per Form 990
$768,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,585
Other Expenses$139,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$149,693$64,154-$213,847
Current Officers, Directors, Trustees, and Key Employees$46,848$20,077-$66,925
Occupancy$27,510$11,790-$39,300
Payroll Taxes$15,576$6,675-$22,251
Conferences and Meetings$6,648$2,849-$9,497
Fees for Services Accounting$4,297$1,841-$6,138
Insurance$3,148$1,349-$4,497
Advertising$2,817$1,207-$4,024
Pension Plan Contributions$2,155$924-$3,079
Other Expenses$1,941$834-$2,775
All Other Expenses$1,922$823-$2,745
Other Employee Benefits$1,738$745-$2,483
Office Expenses$1,716$735-$2,451
Information Technology$1,270$544-$1,814
Fees for Services Legal$280$120-$400
Fees for Service Investment Mgmnt Fees$119$51-$170
Total Functional Expenses$323,534$124,514$0$448,048

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$452,077
Total Expenses per Form 990$448,048
Expenses per Audited Statements$447,878
Expenses Not Reported on Form 990$4,199
Expenses Not Reported on Financial Statements$170
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,199
Fundraising Gross Income$4,084
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Academy Benefit Night$18,637$4,084$1,108$2,976
Total Events$18,637$4,084$4,199$-115
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Emma setterington and jack hummel are siblings.

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

An accounting firm prepares the form 990 and provides a copy of the return to the board before filing. Once any questions and concerns are addressed and the board approves the return, the form 990 is filed with the irs.

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

The organization requires an annual statement from board members acknowledging that they have 1) read the conflict of interest policy, and 2) signed the document stating that they do not have any conflicts of interest and would immediately disclose any that arose.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves of the headmanster's salary. The board compares the salaries of other headmasters in the association of classical christian schools (accs) and sets the headmaster's compensation accordingly. The review and approval of the salary are documented in the minutes for the relevant board meeting.

Form 990, Part VI, Section C, Line 19

All information available upon request.

Filing and Contact Details

Filer

Filer Name
Cedar Classical Academy
EIN
82-3657833
Phone
5172101057
Address
3654 OKEMOS RD, OKEMOS, MI 48864

Signing Officer

Name
Jack Hummel
Title
Head of School
Phone
5172101057
Signed
2023-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Hummel
Formed
2017
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
16

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Brandy L Mikula CPA
Phone
5173237500
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 4,199.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 4,199.

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IRS990/ReconcilationRevenueExpnssAmt0320823
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0288943
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0342980
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0343880
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0479959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0370744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0266748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0127913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01245364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt084
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0582010
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04443
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01368
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0208
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt019
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06038
IRS990ScheduleA/PublicSupportTotal170Amt01245364
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0479959
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0370744
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0266748
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0127913
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01245364
IRS990ScheduleA/TotalSupportAmt01251486
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt030244
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt024849
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5395
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt04199
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0170
IRS990ScheduleD/ExpensesSubtotalAmt0447878
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0170
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0170
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5309
IRS990ScheduleD/OtherExpensesIncludedAmt04199
IRS990ScheduleD/OtherRevenueAmt04199
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt0-1110
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0170
IRS990ScheduleD/RevenueSubtotalAmt0768701
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING EXPENSES 4,199.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES 4,199.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0448048
IRS990ScheduleD/TotalRevenuePerForm990Amt0768871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0767591
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0452077
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt014553
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014553
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04199
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0344
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0344
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ACADEMY BENEFIT NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02747
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02747
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018637
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018637
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04084
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt04084
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-115
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01108
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01108
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMMA SETTERINGTON AND JACK HUMMEL ARE SIBLINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ACCOUNTING FIRM PREPARES THE FORM 990 AND PROVIDES A COPY OF THE RETURN TO THE BOARD BEFORE FILING. ONCE ANY QUESTIONS AND CONCERNS ARE ADDRESSED AND THE BOARD APPROVES THE RETURN, THE FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES AN ANNUAL STATEMENT FROM BOARD MEMBERS ACKNOWLEDGING THAT THEY HAVE 1) READ THE CONFLICT OF INTEREST POLICY, AND 2) SIGNED THE DOCUMENT STATING THAT THEY DO NOT HAVE ANY CONFLICTS OF INTEREST AND WOULD IMMEDIATELY DISCLOSE ANY THAT AROSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES OF THE HEADMANSTER'S SALARY. THE BOARD COMPARES THE SALARIES OF OTHER HEADMASTERS IN THE ASSOCIATION OF CLASSICAL CHRISTIAN SCHOOLS (ACCS) AND SETS THE HEADMASTER'S COMPENSATION ACCORDINGLY. THE REVIEW AND APPROVAL OF THE SALARY ARE DOCUMENTED IN THE MINUTES FOR THE RELEVANT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0410235
IRS990/TotalAssetsEOYAmt0742969
IRS990/TotalAssetsGrp/BOYAmt0410235
IRS990/TotalAssetsGrp/EOYAmt0742969
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0479959
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124514
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323534
IRS990/TotalFunctionalExpensesGrp/TotalAmt0448048
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014682
IRS990/TotalLiabilitiesEOYAmt031902
IRS990/TotalLiabilitiesGrp/BOYAmt014682
IRS990/TotalLiabilitiesGrp/EOYAmt031902
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0395553
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0711067
IRS990/TotalOtherCompensationAmt016755
IRS990/TotalProgramServiceExpensesAmt0323534
IRS990/TotalProgramServiceRevenueAmt0288584
IRS990/TotalReportableCompFromOrgAmt050170
IRS990/TotalRevenueGrp/ExclusionAmt0-31
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0288943
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0768871
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0410235
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0742969
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

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