THE CORNERSTONE CHRISTIAN ACADEMY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE CORNERSTONE CHRISTIAN ACADEMY (EIN 23-2499985)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-03
IRS object ID
202331239349301428
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-03T09:37:32-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN231144520PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TAIT WELLER & BAKER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1TWO LIBERTY PL 50 S 16TH ST STEAddressLine1Txt
Address Line22900AddressLine2Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191022529ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN232499985EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORNERSTONE CHRISTIAN ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORNBusinessNameControlTxt
Phone6105394136PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11939 S 58TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19143ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD OLLINGERPersonNm
Person TitlePRESIDENT AND CEOPersonTitleTxt
Phone6105394136PhoneNum
Signature2023-05-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRICHARDPersonFirstNm
Person LastOLLINGERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRISON PEREIRAPreparerPersonNm
PTINP00746867PTIN
Phone2159798800PhoneNum
Preparation2023-05-03PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD OLLINGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11939 S 58TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19143ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,593,828GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CORNERSTONEPHILADELHIA.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENTActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee46TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,241,139PYContributionsGrantsAmt
CY Contributions Grants$6,456,910CYContributionsGrantsAmt
PY Program Service Revenue$1,398,854PYProgramServiceRevenueAmt
CY Program Service Revenue$1,588,300CYProgramServiceRevenueAmt
PY Investment Income$176,229PYInvestmentIncomeAmt
CY Investment Income$167,644CYInvestmentIncomeAmt
PY Other Revenue$7,871PYOtherRevenueAmt
CY Other Revenue$30,827CYOtherRevenueAmt
PY Total Revenue$4,824,093PYTotalRevenueAmt
CY Total Revenue$8,243,681CYTotalRevenueAmt
PY Grants And Similar Paid$959,810PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,159,875CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,891,974PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,873,248CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$338,345CYTotalFundraisingExpenseAmt
PY Other Expenses$979,524PYOtherExpensesAmt
CY Other Expenses$1,017,001CYOtherExpensesAmt
PY Total Expenses$3,831,308PYTotalExpensesAmt
CY Total Expenses$4,050,124CYTotalExpensesAmt
PY Revenues Less Expenses$992,785PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,193,557CYRevenuesLessExpensesAmt
Total Assets BOY$4,276,191TotalAssetsBOYAmt
Total Assets EOY$7,378,915TotalAssetsEOYAmt
Total Liabilities BOY$538,630TotalLiabilitiesBOYAmt
Total Liabilities EOY$216,221TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,737,561NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,162,694NetAssetsOrFundBalancesEOYAmt
MissionTO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,871,101ExpenseAmt
Grant$1,159,875GrantAmt
Revenue$1,588,300RevenueAmt
DescTO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. PROVIDED OVER $1,159,000 OF FINANCIAL AID TO EDUCATIONAL NEEDS OF INNER CITY CHILDREN FROM LOW INCOME FAMILIES AT THE BEGINNING OF THE SCHOOL YEAR 2021/22, 163 STUDENTS HAVE BEEN ENROLLED.Desc
Total Program Service Expenses$2,871,101TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee46EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD OLLINGERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2157246858PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11939 S 58TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19143ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WAYNE GEISSER
CHAIRMAN6.00Yes (X)Yes (X)$0$0$0
MARY CLAMPET
SECRETARY1.00Yes (X)Yes (X)$0$0$0
WANDA ODOM
VICE CHAIR1.50Yes (X)Yes (X)$0$0$0
RONALD BOND
BOARD MEMBER0.50Yes (X)$0$0$0
DONNELL SHEPPARD
BOARD MEMBER0.50Yes (X)$0$0$0
KENNETH C FRAZIER ESQ
BOARD MEMBER0.50Yes (X)$0$0$0
REV DR ANITA BELL
BOARD MEMBER0.50Yes (X)$0$0$0
KEVIN BLACKNEY
BOARD MEMBER1.00Yes (X)$0$0$0
REBECCA CLAYTON ESQ
BOARD MEMBER0.50Yes (X)$0$0$0
CASEY DUNN
BOARD MEMBER0.50Yes (X)$0$0$0
WILLIAM P SIMON JR
BOARD MEMBER2.00Yes (X)$0$0$0
JAMES J DOLENTE SR
BOARD MEMBER0.50Yes (X)$0$0$0
CHARLES A OLSON III
BOARD MEMBER0.50Yes (X)$0$0$0
RICHARD D SCOTT
BOARD MEMBER0.50Yes (X)$0$0$0
PETER W GRIM
BOARD MEMBER0.50Yes (X)$0$0$0
GREGORY ESTERHAI
BOARD MEMBER0.50Yes (X)$0$0$0
WARREN BAXTER ENGLISH
BOARD MEMBER0.50Yes (X)$0$0$0
CAROLINE DALRYMPLE
BOARD MEMBER2.00Yes (X)$0$0$0
WESLEY PROCTOR
BOARD MEMBER0.50Yes (X)$0$0$0
MYRA RUTLAND
BOARD MEMBER0.50Yes (X)$0$0$0
RICHELL MANIGAULT
PRINCIPAL40.00Yes (X)$80,983$0$6,836
STACY NIEMKIEWICZ
FINANCE DIRECTOR/TREASURER40.00Yes (X)$78,852$0$6,836
ROBERT JARA
PRESIDENT & CEO STARTING FEB 202240.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$159,835TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$13,672TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$368,370GovernmentGrantsAmt
All Other Contributions$6,088,540AllOtherContributionsAmt
Noncash Contributions$709,889NoncashContributionsAmt
Total Contributions$6,456,910TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES611110$1,560,389$1,560,389
STUDENT TRIPS AND CAMP611110$27,911$27,911
FieldValueIRS element (for citing)
Total Program Service Revenue$1,588,300TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$165,952TotalRevenueColumnAmt
Exclusion$165,952ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,351,839SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,350,147SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,692SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,692TotalRevenueColumnAmt
Exclusion$1,692ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Total Revenue Column$30,827TotalRevenueColumnAmt
Related Or Exempt Func Income$30,827RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$30,827OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,243,681TotalRevenueColumnAmt
Related Or Exempt Func Income$1,619,127RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$167,644ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,159,875TotalAmt
Program Services$1,159,875ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$186,309TotalAmt
Program Services$101,703ProgramServicesAmt
Management And General$65,410ManagementAndGeneralAmt
Fundraising$19,196FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,403,424TotalAmt
Program Services$766,104ProgramServicesAmt
Management And General$492,723ManagementAndGeneralAmt
Fundraising$144,597FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,750TotalAmt
Program Services$4,231ProgramServicesAmt
Management And General$2,721ManagementAndGeneralAmt
Fundraising$798FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$157,003TotalAmt
Program Services$85,900ProgramServicesAmt
Management And General$55,598ManagementAndGeneralAmt
Fundraising$15,505FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$118,762TotalAmt
Program Services$64,830ProgramServicesAmt
Management And General$41,696ManagementAndGeneralAmt
Fundraising$12,236FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,271TotalAmt
Management And General$14,271ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$31,902TotalAmt
Management And General$31,902ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$115,684TotalAmt
Program Services$106,230ProgramServicesAmt
Management And General$9,454ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$60,895TotalAmt
Program Services$30,447ProgramServicesAmt
Management And General$30,448ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$379,590TotalAmt
Program Services$353,590ProgramServicesAmt
Management And General$26,000ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$82,500TotalAmt
Program Services$41,250ProgramServicesAmt
Management And General$41,250ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$58,410TotalAmt
Program Services$29,205ProgramServicesAmt
Management And General$29,205ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmt
FUNDRAISING$146,013$146,013
CLASSROOM AND LEARNING$64,887$64,887
OTHER PROGRAM EXPENSES$27,716$27,716
STAFF DEVELOPMENT$23,174$23,174

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,959TotalAmt
Program Services$11,959ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,050,124TotalAmt
Program Services$2,871,101ProgramServicesAmt
Management And General$840,678ManagementAndGeneralAmt
Fundraising$338,345FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$254,388BOYAmt
EOY$55,895EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$146,956BOYAmt
EOY$475,052EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$24,725BOYAmt
EOY$3,034,239EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,404EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$8,560EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,742,725LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,173,095LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$614,615BOYAmt
EOY$569,630EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,235,507BOYAmt
EOY$3,234,135EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,276,191BOYAmt
EOY$7,378,915EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$170,260BOYAmt
EOY$216,221EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$368,370BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$538,630BOYAmt
EOY$216,221EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,008,800BOYAmt
EOY$2,132,130EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,728,761BOYAmt
EOY$5,030,564EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,737,561BOYAmt
EOY$7,162,694EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,276,191BOYAmt
EOY$7,378,915EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,193,557ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$768,424NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,020,678BeginningYearBalanceAmt
Investment Earnings Or Losses-$174,641InvestmentEarningsOrLossesAmt
End Year Balance$846,037EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$778,038BeginningYearBalanceAmt
Investment Earnings Or Losses$242,640InvestmentEarningsOrLossesAmt
End Year Balance$1,020,678EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$810,888BeginningYearBalanceAmt
Investment Earnings Or Losses-$2,850InvestmentEarningsOrLossesAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$778,038EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$797,109BeginningYearBalanceAmt
Investment Earnings Or Losses$43,779InvestmentEarningsOrLossesAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$810,888EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$777,904BeginningYearBalanceAmt
Investment Earnings Or Losses$49,205InvestmentEarningsOrLossesAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$797,109EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,875OtherCostOrOtherBasisAmt
Book Value$16,875BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$574,121OtherCostOrOtherBasisAmt
Depreciation$370,488DepreciationAmt
Book Value$203,633BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$843,588OtherCostOrOtherBasisAmt
Depreciation$562,937DepreciationAmt
Book Value$280,651BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$308,141OtherCostOrOtherBasisAmt
Depreciation$239,670DepreciationAmt
Book Value$68,471BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$569,630TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,283,480TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$768,424NetUnrealizedGainsInvstAmt
Revenue Not Reported-$768,424RevenueNotReportedAmt
Revenue Subtotal$7,051,904RevenueSubtotalAmt
Investment Expenses Not Incld$31,902InvestmentExpensesNotIncldAmt
Other Revenues Not Included$1,159,875OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,191,777RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,243,681TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,858,347TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,858,347ExpensesSubtotalAmt
Investment Expenses Not Incld2$31,902InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$1,159,875OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,191,777ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,050,124TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:BENEFICIAL INTEREST IN ENDOWMENT FUND: THE INCOME AND/OR GAIN EARNED BY THE ENDOWMENT FUND IS CONSIDERED UNRESTRICTED REVENUE AND MAY BE DISTRIBUTED TO CCA AS GENERAL SUPPORT REVENUE FOR ITS PROGRAMS ON AT LEAST AN ANNUAL BASIS. THE FINANCE COMMITTEE OF THE BOARD SHALL RECOMMEND TO THE BOARD AN AMOUNT TO BE TRANSFERRED FROM THE UNRESTRICTED INCOME AND/OR GAIN OF THE ENDOWMENT FUND TO THE GENERAL OPERATING FUND. AT NO TIME SHALL THE PERMANENTLY-RESTRICTED ORIGINAL CONTRIBUTIONS TO THE ENDOWMENT FUND BE USED. AS A MATTER OF PRUDENCE, THE SPENDING RATE SHALL NOT EXCEED 4% OF THE FISCAL YEAR-END BALANCE OF THE FUND.
PART X, LINE 2:THE ACADEMY REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN PREVIOUSLY FILED INFORMATION RETURNS AND AS REFLECTED IN ITS FINANCIAL STATEMENTS, WITH REGARD TO ISSUES AFFECTING ITS TAX EXEMPT STATUS, UNRELATED BUSINESS INCOME, AND RELATED MATTERS. THE ACADEMY BELIEVES THAT IN THE EVENT OF AN EXAMINATION BY TAXING AUTHORITIES, THE ACADEMY'S POSITIONS WOULD PREVAIL BASED UPON THE TECHNICAL MERITS OF SUCH POSITIONS. THEREFORE, THE ACADEMY HAS CONCLUDED THAT NO TAX BENEFITS OR LIABLITIES ARE REQUIRED TO BE RECOGNIZED IN ACCORDANCE WITH THE ACCOUNTING INTERPRETATION. THE ACADEMY'S FEDERAL INFORMATION RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS, INCLUDING THE FISCAL YEARS ENDED JUNE 30, 2019, 2020, 2021, AS WELL AS THE RETURN TO BE FILED FOR THE FISCAL YEAR ENDED JUNE 30, 2022.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 1,159,875.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 1,159,875.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE PURPOSE OF THE SCHOOL IS TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient148RecipientCnt
Cash Grant$1,159,875CashGrantAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution13ContributionCnt
Noncash Contributions Rpt F990$709,889NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7BANY MAJOR DECISIONS BY MANAGEMENT MUST GET APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE TREASURER. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FINAL COPY OF THE IRS FORM 990 AND RELATED SCHEDULES AND THE FINAL COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH EMPLOYEES AND BOARD MEMBERS. NEW BOARD MEMBERS ARE INFORMED OF THE POLICY WHEN THEY JOIN THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION IS REVIEWED ANNUALLY BY THE FULL BOARD OF TRUSTEES. THE BOARD USES COMPARABILITY DATA FROM THE "EVANGELICAL COUNCIL OF FINANCIAL ACCOUNTABILITY", THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL (ACSI), AND THE PHILADELPHIA ASSOCIATION OF INDEPENDENT SCHOOL BUSINESS OFFICERS (PAISBOA).
FORM 990, PART VI, SECTION C, LINE 19UPON WRITTEN REQUEST. THEY MAY ALSO VIEW THE DOCUMENTS IN THE OFFICE OF MANAGEMENT.

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