2023-11-20T13:21:41-06:00 2023-06-30 823555022 SURACE & STANTON LLC 1974 SPROUL ROAD STE 208 BROOMALL PA 19008 990 2022-07-01 231472523 THE CHRISTIAN ACADEMY CHRI 6108725100 4301 CHANDLER DRIVE BROOKHAVEN PA 19015 TIFFANY KRAUSS CONTROLLER 6108725100 2023-11-15 1 TIFFANY KRAUSS 999009999 0 COLLEEN SURACE CPA P03013233 4846536380 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIFFANY KRAUSS 4301 CHANDLER DRIVE BROOKHAVEN PA 19015 4230591 0 X WWW.TCA-PA.ORG X 1951 PA THE CHRISTIAN ACADEMY PROVIDES CHRISTIAN EDUCATION TO 300 STUDENTS FROM KINDERGARTEN TO 12TH GRADE. THE CHRISTIAN ACADEMY IS A COLLEGE-PREPARATORY SCHOOL. 7 7 119 0 11103 0 667860 643299 2267086 2640798 126 11103 1013049 798558 3948121 4093758 0 0 0 0 2655865 2899296 0 0 0 937091 1058722 3592956 3958018 355165 135740 2453773 2654323 792877 857687 1660896 1796636 THE CHRISTIAN ACADEMY PROVIDES CHRISTIAN EDUCATION TO 300 STUDENTS FROM KINDERGARTEN TO 12TH GRADE. THE CHRISTIAN ACADEMY IS A COLLEGE-PREPARATORY SCHOOL. 0 0 2920335 3439356 THE CHRISTIAN ACADEMY OFFERS A 180 DAY SCHEDULE OF CLASSES PROVIDING A COLLEGE-PREPARATORY PROGRAM TO 300 STUDENTS IN GRADES K-12. THOSE STUDENTS REPRESENT THE 15 SCHOOL DISTRICTS OF DELAWARE COUNTY AS WELL AS THE STATES OF DELAWARE, MARYLAND AND NEW JERSEY. THE ACADEMIC PROGRAM IS HIGHLY COMPETITIVE SO THAT THE 2022 GRADUATING CLASS ACCUMULATED SIGNIFICANT ACADEMIC SCHOLARSHIPS TO ATTEND THE COLLEGE OF THEIR CHOICE. 2920335 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 119 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X TIFFANY KRAUSS 6108725100 4301 CHANDLER DRIVE BROOKHAVEN PA 19015 WENDY BURGHART BOARD MEMBER 4.00 X 0 0 0 MATT FOREMAN BOARD MEMBER 4.00 X 0 0 0 CHRISTINE SPECHT BOARD VICE PRESIDENT 4.00 X 0 0 0 JOSH CARTER BOARD SECRETARY 4.00 X 0 0 0 TERRENCE MONTGOMERY BOARD PRESIDENT 4.00 X 0 0 0 RANDY WARREN BOARD MEMBER 4.00 X 0 0 0 TRACEY PRITCHARD HEAD OF SCHOOL 40.00 X 105000 0 0 105000 0 0 1 0 0 0 0 190000 303701 149598 44829 643299 TUITION AND FEES 611110 2640798 2640798 2640798 11103 11103 599956 136833 463123 463123 463123 EMPLOYEE RETENTION TAX 611110 211221 211221 CAFETERIA INCOME 611110 76162 76162 OTHER INCOME 611110 39646 39646 8406 8406 335435 4093758 3439356 11103 0 2285152 1642467 642685 46238 32428 13810 401402 326106 75296 166504 119928 46576 28692 28692 12606 12606 30853 30853 38713 19311 19402 73764 18359 55405 227470 211140 16330 24916 24916 20458 20458 17700 17700 188203 182557 5646 32290 29707 2583 CURRICULUM EXPENSE 208679 208679 CLEANING SUPPLIES/SERVI 89729 87037 2692 BAD DEBT 21970 21970 TELEPHONE 16690 16690 25989 25989 3958018 2920335 1037683 0 555157 609974 29019 41817 6585728 4878405 1656042 1707323 12247 15571 201308 279638 2453773 2654323 296055 321240 31250 37692 465572 498755 792877 857687 X 1322525 1394691 338371 401945 1660896 1796636 2453773 2654323 135740 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3391046 334308 159766 3565588 4145133 -655773 98314 3391046 3552336 774437 181640 4145133 3709891 127145 284700 3552336 3935406 174485 400000 3709891 0.98930 0.00720 0.00350 0 1 1 390092 390092 4424257 3500000 924257 1515178 1195485 319693 256201 182920 73281 1707323 PREPAID EXPENSES 4733 BENEFICIAL INTEREST IN REMAINDER TRUST 205346 MISC ACCOUNTS RECEIVABLE 50250 RIGHT OF USE ASSET 19309 279638 ACCRUED AND WITHHELD PAYROLL TAXES 11959 ACCRUED UNUSED SICK TIME 69587 DEPOSITS HELD IN CUSTODY FOR OTHERS 19297 NOTE PAYABLE TO TCA FOUNDATION 351353 SECURITY DEPOSITS 27250 LEASE LIABILITY, OPERATING 19309 498755 X 4387565 501375 501375 3886190 207568 207568 4093758 4077283 326833 326833 3750450 207568 207568 3958018 PART V, LINE 4: TO AID IN THE OPERATION OF THE CHRISTIAN ACADEMY AND PRESERVE THE SCHOOL'S LONG TERM SUSTAINABILITY. PART X, LINE 2: THE CHRISTIAN ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY RECOGNIZES THE BENEFIT OF A TAX POSITION IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, UNDER IRS AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION, AND MEASURE THE TAX POSITION AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT OF AN AUDIT. MANAGEMENT HAS DETERMINED THAT THE ACADEMY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. GENERALLY, THE CHRISTIAN ACADEMY'S TAX RETURNS REMAIN OPEN FOR THREE YEARS TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 136,833. FOUNDATION ACTIVITY REPORTED IN SEPERATE FORM 990 364,542. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOUNDATION GRANT & OTHER ACTIVITY ELIMINATED ON AUDITED FINANCIAL STATEMENTS 207,568. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON THE STATEMENT OF REVENUE 136,833. FOUNDATION EXPENSES REPORTED ON A SEPARATE 990. 190,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: GENERAL & ADMINISTRATIVE EXPENSES ELIMINATED ON THE AUDITED FINANCIALS 207,568. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS ON THE SCHOOL WEBSITE AND IS EXPLAINED TO EACH FAMILY DURING ENROLLMENT. SCHEDULE E, PART I, LINE 6 THE STATE OF PENNSYLVANIA PROVIDES A GRANT TO PURCHASE TEXTBOOKS. X TEXTBOOKS 900 44829 DONORS COST BASIS 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL BARD IS GIVEN A COPY OF THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A AN ANNUAL REVIEW IS CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND THE COMPENSATION IS SET AS PART OF THE PRELIMINARY BUDGET FOR THE NEW YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ETC. ARE AVAILABLE FOR PUBLIC INSPECTION BY ORAL OR WRITTEN REQUEST. THE CHRISTIAN ACADEMY FOUNDATION INC 4301 CHANDLER DRIVE BROOKHAVEN PA 19015 205494033 FOUNDATION PA 501(C)(3) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE CHRISTIAN ACADEMY C 190000 CASH RECEIVED