Civic Intelligence

Spirit and Grace Academy

990 • Fiscal year 2024 • EIN 87-4569459

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 19, 2025

Organization ProfileSPIRITANDGRACEACADEMY.COM
20950 State StreetElkhorn, NE 68022

(402) 390-9500

Siviq Scores

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

Liabilities / Assets

99th percentile

7.36x

Higher debt load relative to assets than 99% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

4.77x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

2nd percentile

-155%

Higher net margin than 2% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

38th percentile

-0.3%

Faster asset growth than 38% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

35%

Faster revenue growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$410,257

Down $1,269 (-0.3%) from 2023

Net Assets

Down

-$2,608,985

Down $983,032 (-60%) from 2023

Liabilities

Up

$3,019,242

Up $981,763 (+48%) from 2023

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Up

$632,690

Up $165,704 (+35%) from 2023

Expenses

Up

$1,615,722

Up $165,672 (+11%) from 2023

Net Income

Up

-$983,032

Up $32 (+0.0%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2022: $400,821Liabilities 2022: $1,043,710Net Assets 2022: -$642,8892022Assets 2023: $411,526Liabilities 2023: $2,037,479Net Assets 2023: -$1,625,9532023Assets 2024: $410,257Liabilities 2024: $3,019,242Net Assets 2024: -$2,608,9852024Assets 2025: $226,862Liabilities 2025: $3,442,887Net Assets 2025: -$3,216,0252025

Highlighted filing

2024

Assets$410,257
Liabilities$3,019,242
Net Assets-$2,608,985
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2022: $380,480Expenses 2022: $929,173Net Income 2022: -$548,6932022Revenue 2023: $466,986Expenses 2023: $1,450,050Net Income 2023: -$983,0642023Revenue 2024: $632,690Expenses 2024: $1,615,722Net Income 2024: -$983,0322024Revenue 2025: $230,866Expenses 2025: $837,906Net Income 2025: -$607,0402025

Highlighted filing

2024

Revenue$632,690
Expenses$1,615,722
Net Income-$983,032
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 19, 2025
Return Version
2024v5.0
Gross Receipts
$658,369
Mission and Program Overview

Mission

Spirit and grace academy seeks to live and teach in accordance with the faith taught by the catholic church's magisterium and the catechism of the catholic church

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$1,849,260$3,008,884▲ $1,159,624
Cash and Non-Interest-Bearing Accounts$304,480$376,984▲ $72,504
Accounts Receivable$68,156$0▼ $68,156
Land, Buildings, and Equipment, Net$38,430$32,813▼ $5,617
Cap Stk Tr Prin Current Funds$6,883$6,883→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,632,836$-2,615,868▼ $983,032
Total Assets$411,526$410,257▼ $1,269
Other Assets Total$460$460→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,924$0▼ $10,924
Other Liabilities$177,295$10,358▼ $166,937
Total Liabilities$2,037,479$3,019,242▲ $981,763
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,625,953$-2,608,985▼ $983,032
Total Liabilities and Net Assets / Fund Balance$411,526$410,257▼ $1,269

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$32,813$27,450$60,263
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Sam WagemanPresident
Kim HoogeveenVice President
Fr Benjamin BoydBoard Member
Charles Olson IiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$316,114
Program Service Revenue
$312,533
Investment Income
$8,214
Other Revenue
$-4,171
All Other Contributions
$311,636
Change in Net Assets
$-983,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,317,849
Other Expenses$291,778
Grants and Similar Amounts Paid$6,095
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,220,894--$1,220,894
Occupancy$136,364--$136,364
Payroll Taxes$96,955--$96,955
All Other Expenses$19,491$3,855-$23,346
Fees for Services Legal-$18,547-$18,547
Advertising$14,152--$14,152
Insurance-$13,344-$13,344
Depreciation Depletion$10,980--$10,980
Office Expenses$9,894--$9,894
Grants to Domestic Orgs$6,095--$6,095
Other Expenses$5,822--$5,822
Travel$2,149--$2,149
Total Functional Expenses$1,579,976$35,746$0$1,615,722
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,121
Fundraising Gross Income$1,919
Professional Fundraising Fees$0
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$1,849,260$3,008,884▲ $1,159,624
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$5,470
Uncategorized Asset$4,885
Ne Unemployment Tax$3
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The 990 will be provided to the board of directors prior to filing upon request.”

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

“Conflicts of interest are required to be disclosed at board meetings as per the written conflict of interest policy. Any conflicts are disclosed in board meeting minutes, and any member with a conflict of interest may not vote on any related issue. All officers, directors, employees, and volunteers are required to periodically complete a disclosure form documenting any possible conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Spirit and Grace Academy
EIN
87-4569459
Phone
4023909500
Address
20950 STATE STREET, ELKHORN, NE 68022

Signing Officer

Name
Sam Wageman
Title
President
Phone
8772303885
Signed
2025-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Wageman
Formed
2021
Legal Domicile
Ne
Voting Board Members
4
Independent Board Members
4
Employees
30
Volunteers
75

Preparer

Firm
Lutz and Company Pc
Address
13616 CALIFORNIA ST STE 300, OMAHA, NE 68154-5336
Preparer
Hannah Goscha
Phone
4024968800
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED AT BOARD MEETINGS AS PER THE WRITTEN CONFLICT OF INTEREST POLICY. ANY CONFLICTS ARE DISCLOSED IN BOARD MEETING MINUTES, AND ANY MEMBER WITH A CONFLICT OF INTEREST MAY NOT VOTE ON ANY RELATED ISSUE. ALL OFFICERS, DIRECTORS, EMPLOYEES, AND VOLUNTEERS ARE REQUIRED TO PERIODICALLY COMPLETE A DISCLOSURE FORM DOCUMENTING ANY POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SPIRIT AND GRACE ACADEMY
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0SAGA ELKHORN LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0872405005
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt083907
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0SCHOOL OPERATIONS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-1286271
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt020950 STATE STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ELKHORN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd068022
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0411526
IRS990/TotalAssetsEOYAmt0410257
IRS990/TotalAssetsGrp/BOYAmt0411526
IRS990/TotalAssetsGrp/EOYAmt0410257
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0316114
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035746
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01579976
IRS990/TotalFunctionalExpensesGrp/TotalAmt01615722
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02037479
IRS990/TotalLiabilitiesEOYAmt03019242
IRS990/TotalLiabilitiesGrp/BOYAmt02037479
IRS990/TotalLiabilitiesGrp/EOYAmt03019242
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1625953
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2608985
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01579976
IRS990/TotalProgramServiceRevenueAmt0312533
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04043
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0312533
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0632690
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0411526
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0410257
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02149
IRS990/TravelGrp/TotalAmt02149
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020950 STATE STREET
IRS990/USAddress/CityNm0ELKHORN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068022
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0SPIRITANDGRACEACADEMY.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SAM WAGEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08772303885
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPIRIT AND GRACE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0SPIR
ReturnHeader/Filer/EIN0874569459
ReturnHeader/Filer/PhoneNum04023909500
ReturnHeader/Filer/USAddress/AddressLine1Txt020950 STATE STREET
ReturnHeader/Filer/USAddress/CityNm0ELKHORN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470625816
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013616 CALIFORNIA ST STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0681545336
ReturnHeader/PreparerPersonGrp/PhoneNum04024968800
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HANNAH GOSCHA
ReturnHeader/ReturnTs02025-02-20T08:29:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$410,257
Liabilities
$3,019,242
Net assets
-$2,608,985
Revenue
$632,690
Expenses
$1,615,722
Net income
-$983,032
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.23$3.44$3.22$0.23$0.84$0.61
2024Detailed filing. Detailed filing data is available for this year.$0.41$3.02$2.61$0.63$1.62$0.98
2023Detailed filing. Detailed filing data is available for this year.$0.41$2.04$1.63$0.47$1.45$0.98
2022Detailed filing. Detailed filing data is available for this year.$0.40$1.04$0.64$0.38$0.93$0.55