Civic Intelligence

Northwest Classical Academy Inc.

990 • Fiscal year 2024 • EIN 85-3837363

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 19, 2024

Organization ProfileWWW.NWCLASSICAL.ORG
3010 Cobb Parkway NWKennesaw, GA 30152

(470) 502-9700

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.95x

Higher debt load relative to assets than 92% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.24x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

28th percentile

-2.6%

Higher net margin than 28% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$156,858

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

98th percentile

181%

Faster asset growth than 98% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

15%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$38,746,133

Up $24,978,957 (+181%) from 2023

Net Assets

Down

$1,845,366

Down $297,488 (-14%) from 2023

Liabilities

Up

$36,900,767

Up $25,276,445 (+217%) from 2023

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin28th percentile

Revenue

Up

$11,383,796

Up $1,479,102 (+15%) from 2023

Expenses

Up

$11,681,284

Up $2,905,856 (+33%) from 2023

Net Income

Down

-$297,488

Down $1,426,754 (-126%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$40M$30M$20M$10M$0Assets 2022: $7,565,455Liabilities 2022: $6,551,867Net Assets 2022: $1,013,5882022Assets 2023: $13,767,176Liabilities 2023: $11,624,322Net Assets 2023: $2,142,8542023Assets 2024: $38,746,133Liabilities 2024: $36,900,767Net Assets 2024: $1,845,3662024Assets 2025: $38,770,768Liabilities 2025: $37,381,730Net Assets 2025: $1,389,0382025

Highlighted filing

2024

Assets$38,746,133
Liabilities$36,900,767
Net Assets$1,845,366
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2022: $6,234,715Expenses 2022: $5,047,500Net Income 2022: $1,187,2152022Revenue 2023: $9,904,694Expenses 2023: $8,775,428Net Income 2023: $1,129,2662023Revenue 2024: $11,383,796Expenses 2024: $11,681,284Net Income 2024: -$297,4882024Revenue 2025: $13,201,247Expenses 2025: $13,657,575Net Income 2025: -$456,3282025

Highlighted filing

2024

Revenue$11,383,796
Expenses$11,681,284
Net Income-$297,488
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 19, 2024
Return Version
2023v5.1
Gross Receipts
$11,383,796
Mission and Program Overview

Mission

To be a nationally regarded k-12 classical school and serve as a local and national incubator for the growth and promotion of classical education.

To develop students in mind and character through a classical, content-rich curriculum that emphasizes the principles of virtuous living, traditional learning, and civic responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,682,166$29,161,575▲ $23,479,409
Cash and Non-Interest-Bearing Accounts$2,372,130$3,977,323▲ $1,605,193
Cap Stk Tr Prin Current Funds$2,394,829$2,035,942▼ $358,887
Accounts Receivable$118,292$645,224▲ $526,932
Prepaid Expenses and Deferred Charges$15,567$17,667▲ $2,100
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-251,975$-190,576▲ $61,399
Total Assets$13,767,176$38,746,133▲ $24,978,957
Other Assets Total$5,579,021$4,944,344▼ $634,677
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,934,141$29,352,151▲ $23,418,010
Other Liabilities$5,446,796$6,760,558▲ $1,313,762
Accounts Payable and Accrued Expenses$243,385$788,058▲ $544,673
Total Liabilities$11,624,322$36,900,767▲ $25,276,445
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,142,854$1,845,366▼ $297,488
Total Liabilities and Net Assets / Fund Balance$13,767,176$38,746,133▲ $24,978,957

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,083,270$445,955$28,529,225
Equipment$813,413$10,323$823,736
Other Land Buildings$264,892$217,231$482,123
Other Assets Org$4,944,344--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew RegerPrincipalFT$116,575$40,283$156,858

Board Members and Trustees

NameTitle
Cat McafeeBoard Chair
Greg SmithVice Chair
Keisha CharlesMember
Doris MossSecretary
Matt AltmixTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Liberty Classical SchoolsManagement Services100 GALLERIA PKWY SE SUITE 500, Atlanta, GA 30339$932,962
Moon River LLCTherapy Services790 OAK TRAIL DR, Marietta, GA 30062$301,117
Ellsworth Office CleaningJanitorial2020 HOWELL MILL RD NW D-336, Atlanta, GA 30318$248,403
Chef AdvantageFood ServicePO BOX 440337, Kennesaw, GA 30160$154,067
Rogers MechanicalHvac Contractor200 TURNER BLVD, Ball Ground, GA 30107$104,213
Revenue and Support

Revenue Composition

Contributions and Grants
$10,653,797
Program Service Revenue
$332,848
Investment Income
$368,343
Other Revenue
$28,808
All Other Contributions
$251,441
Change in Net Assets
$-297,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,383,796
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,383,796
Total Revenue per Form 990
$11,383,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,137,062
Other Expenses$4,544,222
Total Fundraising Expense$43,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,049,836$1,016,611-$4,066,447
Pension Plan Contributions$2,237,795--$2,237,795
Fees for Services Management-$951,534-$951,534
Interest$858,282--$858,282
Occupancy$647,786--$647,786
Depreciation Depletion$112,449$449,868-$562,317
Other Employee Benefits$560,031--$560,031
Fees for Services Other$335,702$24,609-$360,311
All Other Expenses$47,096$304,772-$351,868
Current Officers, Directors, Trustees, and Key Employees$42,098$84,196$42,098$168,392
Payroll Taxes$76,222$27,137$1,038$104,397
Information Technology$97,976--$97,976
Office Expenses-$59,635-$59,635
Insurance$56,969$2,520-$59,489
Fees for Services Accounting-$45,845-$45,845
Conferences and Meetings$36,613--$36,613
Other Expenses$74,599$26,026-$26,026
Fees for Services Legal-$19,227-$19,227
Advertising-$2,382-$2,382
Travel$1,806--$1,806
Total Functional Expenses$8,623,786$3,014,362$43,136$11,681,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,681,284
Total Expenses per Audited Statements$11,681,284
Total Expenses per Form 990$11,681,284
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$6,732,720
Deferred Inflows - Pension$27,838
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization appoints liberty classical schools educational services, inc. As exclusive agent for management of the school. The duties of the management company include, but are not limited to, finance, information technology, human resources, and operations.”

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

“Form 990 will be provided electronically to board members and reviewed before filing.”

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

“Directors are required to disclose any and all potential conflicts of interest annually; such disclosures, if any, are kept on file.”

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

“In cooperation with international search firm carney sandoe (based in boston), dr. Brian carpenter (educational consultant) and also comparing comp packages with local public school principals, the board developed the principal's compensation package. Compensation for other officers is compared to industry standards using a normal search with broad benchmarks and subject to the board's approval.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available via the school website.”

Filing and Contact Details

Filer

Filer Name
Northwest Classical Academy Inc
EIN
85-3837363
Phone
4705029700
Address
3010 COBB PARKWAY NW, KENNESAW, GA 30152

Signing Officer

Name
Matt Altmix
Title
Treasurer
Phone
4705029700
Signed
2024-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Reger
Formed
2020
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
129
Volunteers
200

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization retained mauldin & jenkins to perform an audit and prepare form 990.”

Financial Statement Notes

Form 990 Part X

“The organization has no uncertain unrelated business income tax liabilities under fin 48 or asc 740.”

Raw XML AppendixShowing 400 of 511 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/MissionDesc0TO BE A NATIONALLY REGARDED K-12 CLASSICAL SCHOOL AND SERVE AS A LOCAL AND NATIONAL INCUBATOR FOR THE GROWTH AND PROMOTION OF CLASSICAL EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05934141
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029352151
IRS990/NetAssetsOrFundBalancesBOYAmt02142854
IRS990/NetAssetsOrFundBalancesEOYAmt01845366
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0292637
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0292637
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0647786
IRS990/OccupancyGrp/TotalAmt0647786
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt059635
IRS990/OfficeExpensesGrp/TotalAmt059635
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05579021
IRS990/OtherAssetsTotalGrp/EOYAmt04944344
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0560031
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0560031
IRS990/OtherExpensesGrp/Desc0CLASS MATERIALS
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2UNIFORMS & CLOTHING EXP
IRS990/OtherExpensesGrp/Desc3LICENSES & PERMITS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026026
IRS990/OtherExpensesGrp/ProgramServicesAmt0201856
IRS990/OtherExpensesGrp/ProgramServicesAmt1186670
IRS990/OtherExpensesGrp/ProgramServicesAmt274599
IRS990/OtherExpensesGrp/TotalAmt0201856
IRS990/OtherExpensesGrp/TotalAmt1186670
IRS990/OtherExpensesGrp/TotalAmt274599
IRS990/OtherExpensesGrp/TotalAmt326026
IRS990/OtherLiabilitiesGrp/BOYAmt05446796
IRS990/OtherLiabilitiesGrp/EOYAmt06760558
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS AND MISC INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt028808
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt028808
IRS990/OtherRevenueTotalAmt028808
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01016611
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03049836
IRS990/OtherSalariesAndWagesGrp/TotalAmt04066447
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01038
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027137
IRS990/PayrollTaxesGrp/ProgramServicesAmt076222
IRS990/PayrollTaxesGrp/TotalAmt0104397
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-251975
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-190576
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02237795
IRS990/PensionPlanContributionsGrp/TotalAmt02237795
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015567
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017667
IRS990/PrincipalOfficerNm0MATTHEW REGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0ASP, SPORTS AND CLUB FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT SCHOOL SUPPLY BOXES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt045557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0232474
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0232474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245557
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt09589939
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022790
IRS990/PYOtherExpensesAmt03306820
IRS990/PYOtherRevenueAmt058815
IRS990/PYProgramServiceRevenueAmt0233150
IRS990/PYRevenuesLessExpensesAmt01129266
IRS990/PYSalariesCompEmpBnftPaidAmt05468608
IRS990/PYTotalExpensesAmt08775428
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09904694
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-297488
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0287291
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt028083270
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0445955
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028529225
IRS990ScheduleD/EquipmentGrp/BookValueAmt0813413
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010323
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0823736
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011681284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04944344
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0264892
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0217231
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0482123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06732720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011383796
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO UNCERTAIN UNRELATED BUSINESS INCOME TAX LIABILITIES UNDER FIN 48 OR ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029161575
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04944344
IRS990ScheduleD/TotalExpensesPerForm990Amt011681284
IRS990ScheduleD/TotalLiabilityAmt06760558
IRS990ScheduleD/TotalRevenuePerForm990Amt011383796
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011383796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011681284
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS PRINTED ON THE SCHOOL'S MARKETING MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FUNDING FROM THE ATLANTA PUBLIC SCHOOLS ("APS"). THIS FUNDING IS BASED ON THE STATE OF GEORGIA REIMBURSEMENTS TO APS FOR TEACHERS' SALARIES AND OPERATING COSTS THROUGH THE QUALITY BASIC EDUCATION ("QBE") FORMULA EARNINGS PROGRAM, IN ADDITION TO ALLOCATION OF REVENUES RAISED FROM LOCAL PROPERTY TAXES AND OTHER SOURCES. THE CHARTER SCHOOL ALSO RECEIVED FEDERAL ASSISTANCE UNDER CFDA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0116575
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,746,133
Liabilities
$36,900,767
Net assets
$1,845,366
Revenue
$11,383,796
Expenses
$11,681,284
Net income
-$297,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.8$37.4$1.39$13.2$13.7$0.46
2024Detailed filing. Detailed filing data is available for this year.$38.7$36.9$1.85$11.4$11.7$0.30
2023Detailed filing. Detailed filing data is available for this year.$13.8$11.6$2.14$9.90$8.78$1.13
2022Detailed filing. Detailed filing data is available for this year.$7.57$6.55$1.01$6.23$5.05$1.19