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Greyfriars Classical Academy FY2023 filing

Tax-deductible

Matthews, NC501(c)(3)EducationEIN 26-3541575

Providing students with classical education emphasizing grammar, logic, and rhetoric in each subject from a biblical worldview

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
IRS Pub. 78
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $142K a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $373
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$79K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$758K
+5% vs prior year
Spent
$630K
To programs
100%
Net assets
$678K
By yearFY2021–FY2025
Revenue
$758K
FY2023▲ +5%
Revenue by fiscal year
FY2021$626K
FY2022$723K
FY2023$758K
FY2024$828K
FY2025$961K
Expenses
$630K
FY2023▲ +16%
Expenses by fiscal year
FY2021$479K
FY2022$542K
FY2023$630K
FY2024$765K
FY2025$769K
Net assets
$678K
FY2023▲ +21%
Net assets by fiscal year
FY2021$387K
FY2022$560K
FY2023$678K
FY2024$741K
FY2025$933K

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of September 2026). Latest filing on record: FY2025. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $630K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Nathan Trice
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Cranford
President/Director
$0Pt VII · Sec A
Nathan Brinkerhoff
Secretary/ Director
$0Pt VII · Sec A
Bronwyn Lund
Treasurer/ Director
$0Pt VII · Sec A
See Greyfriars Classical Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches students classical subjects using grammar, logic, and rhetoric from a biblical perspective.

Provided by the organization

This section is blank until Greyfriars Classical Academy claims this page.

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3 program services account for $569K of program spending, described in the organization's own filed words · FY2022.
01

Gca-rhetoric

$283Kprogram expense
02

Gct-logic

$153Kprogram expense
03

Gct-grammar

$133Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$373
Total grants receivedfrom 1 funder$373

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$758K
Ln 12
Fees for servicesLn 2g$660K
Gifts and grantsLn 1h$83K
Investment incomeLn 3$15K
Money outPt IX
$630K
Ln 25
Programscol B$630K
Owns and owesPt X
$678K
net assets · Ln 32
Cash and savingsLn 1–2$357K
Total assetsLn 16$757K
LiabilitiesLn 26$79K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$44K
Fees for servicesLn 2g$660K
Investment incomeLn 3$15K
Total revenueLn 12$758K
Assets in detailPt X, end of year
CashLn 1$104K
SavingsLn 2$253K
Cash and savings togetherLn 1–2$357K
InvestmentsLn 11–13$400K
Total assetsLn 16$757K
LiabilitiesLn 26$79K
Net assetsLn 32$678K
OperationsPt I, VI
EmployeesI 521
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$432K$357K
InvestmentsLn 11–13$201K$400K
Total assetsLn 16$633K$757K
LiabilitiesLn 26$73K$79K
Net assetsLn 32$560K$678K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Other salaries and wagesLn 7$501K$501K$0$0
Pension plan contributionsLn 8$9K$9K$0$0
Accounting feesLn 11c$6K$6K$0$0
Other fees for servicesLn 11g$19K$19K$0$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$91K$91K$0$0
Total functional expensesLn 25$630K$630K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $961K$769K$193K$933K 990 PDF
FY2024 $828K$765K$63K$741K 990 PDF
FY2023 Viewing $758K$630K$128K$678K 990 PDF
FY2022 $723K$542K$181K$560K 990 PDF
FY2021 $626K$479K$147K$387K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $757,822 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$44,458
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$38,796
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$83,254
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $660,041 · Unrelated business $0 · Excluded from tax $0$660,041
VIII-3 Investment incomeRelated to mission $14,527 · Unrelated business $0 · Excluded from tax $0$14,527
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $674,568 · Unrelated business $0 · Excluded from tax $0$757,822
Part IX · Statement of functional expenses $630,250 across 9 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-7 Other salaries and wagesPrograms $500,765 · Management $0 · Fundraising $0$500,765
IX-8 Pension plan contributionsPrograms $9,123 · Management $0 · Fundraising $0$9,123
IX-11c Accounting feesPrograms $6,141 · Management $0 · Fundraising $0$6,141
IX-11g Other fees for servicesPrograms $19,054 · Management $0 · Fundraising $0$19,054
IX-23 InsurancePrograms $4,415$4,415
IX-24 Other expenses (24a–d)Programs $90,752 · Management $0 · Fundraising $0$90,752
IX-25 Total functional expensesPrograms $630,250 · Management $0 · Fundraising $0$630,250
Part X · Balance sheet $757,204 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $432,006$103,869
X-2 Savings and temporary cash investments$253,209
X-12 Other securitiesStart of year $200,574$400,126
X-16 Total assetsStart of year $632,580$757,204
X-17 Accounts payable and accrued expensesStart of year $72,926$79,372
X-26 Total liabilitiesStart of year $72,926$79,372
X-27 Net assets without donor restrictionsStart of year $559,654$677,832
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $559,654$677,832
X-33 Total liabilities and net assetsStart of year $632,580$757,204
Part XI · Reconciliation of net assets $677,832 net assets at year end
XI-1 Total revenue$757,822
XI-2 Total expenses$630,250
XI-3 Revenue less expenses$127,572
XI-4 Net assets at start of year$559,654
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$9,394
XI-10 Net assets at end of year$677,832

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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