Schaeffer Academy

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We are teaching the permanent things: truth, beauty, and goodness.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1728882) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 75 volunteers and 59 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $157K a year · 5% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
3.8 mo
of spending, in cash
3.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $50K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
53% of total assets
Liabilities are 53% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.7M
+13% vs prior year
Spent
$3.6M
To programs
91%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$3.7M
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$2.6M
FY2022$2.9M
FY2023$3.2M
FY2024$3.3M
FY2025$3.7M
Expenses
$3.6M
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.5M
FY2022$2.8M
FY2023$2.9M
FY2024$3.2M
FY2025$3.6M
Net assets
$2.5M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$2.0M
FY2023$2.2M
FY2024$2.4M
FY2025$2.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1993.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $3.3M Management & general 8% · $304K Fundraising 1% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $141K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Headmaster
$92,941Pt VII · Sec A
$48,090Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Keith Phillips$92,941$85,848$81,674$80,084$76,347$72,331
Cindy Schweighart$48,090$45,903$43,714$43,501——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Schaeffer Academy executive salaries →

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 15aYes

Programs and updates

Provides Christ-centered classical education emphasizing academic excellence, truth, beauty, and goodness.

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1 program · $3.3M · in their own filed words · FY2024
01

Provides a christ-centered and classical education to students in grades k-12. Enrollment for the fiscal year averaged 309 students.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1728882) · Dispute this line
$3.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$50K
See all 4 funders →
Grants paid · 6 grants · $1.6M · 2019–2024
Unitemized GrantFY2024$416,958
Unitemized GrantFY2023$293,667
Unitemized GrantFY2022$269,980
Unitemized GrantFY2021$227,667
Unitemized GrantFY2020$211,810
Unitemized GrantFY2019$210,295

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.4M
Gifts and grantsLn 1h$313K
Investment incomeLn 3$36K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.3M
Managementcol C$304K
Fundraisingcol D$22K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.2M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$36K
Other incomeLn 4–11$10K
Gains on assetsLn 7−$1K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
Accounts receivableLn 4$16K
Inventories for sale or useLn 8$6K
Prepaid expenses and deferred chargesLn 9$65K
Land, buildings, equipmentLn 10c$4.0M
Total assetsLn 16$5.2M
LiabilitiesLn 26$2.7M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 559
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1000K$1.2M
Land, buildings, equipmentLn 10c$4.1M$4.0M
Total assetsLn 16$5.2M$5.2M
LiabilitiesLn 26$2.8M$2.7M
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$417K$417K
Pay of officers and key staff (Part IX, line 5)Ln 5$214K$98K$105K$11K
Other salaries and wagesLn 7$1.3M$1.2M$113K
Pension plan contributionsLn 8$12K$12K
Other employee benefitsLn 9$628K$628K
Payroll taxesLn 10$111K$93K$17K$814
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$15K$4K$8K$3K
Information technologyLn 14$3K$3K$198$28
OccupancyLn 16$304K$280K$21K$3K
TravelLn 17$140$140
InterestLn 20$90K$83K$6K$903
Depreciation, depletion and amortizationLn 22$212K$196K$14K$2K
InsuranceLn 23$47K$44K$3K$475
Other expenses (24a–d)Ln 24$234K$232K$2K$291
All other expensesLn 24e$59K$57K$3K$121
Total functional expensesLn 25$3.6M$3.3M$304K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $3.7M$3.6M$69K$2.5M 990 PDF
FY2024Filed with the IRS Feb 14, 2025 $3.3M$3.2M$132K$2.4M 990 PDF
FY2023 $3.2M$2.9M$280K$2.2M 990 PDF
FY2022Filed with the IRS Mar 29, 2023 $2.9M$2.8M$83K$2.0M 990 PDF
FY2021Filed with the IRS May 2, 2022 $2.6M$2.5M$37K$1.9M 990 PDF
FY2020Filed with the IRS May 4, 2021 $2.8M$2.5M$342K$1.8M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments E · Schools I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $3,714,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,586$312,511
I-9 Program service revenuePrior year $3,054,743$3,355,536
I-10 Investment incomePrior year $23,340$36,274
I-11 Other revenuePrior year $9,113$10,023
I-12 Total revenuePrior year $3,286,782$3,714,344
I-13 Grants and similar amounts paidPrior year $293,667$416,958
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,921,272$2,250,774
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $939,678$977,151
I-18 Total expensesPrior year $3,154,617$3,644,883
I-19 Revenue less expensesPrior year $132,165$69,461
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,714,344 across 9 lines filed
Lines not itemized here account for $1,815 of total revenue; see the IRS return.
VIII-1c Fundraising events$3,267
VIII-1f All other contributions, gifts and grants$309,244
VIII-1h Total contributions, gifts and grants$312,511
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,353,311 · Unrelated business $2,225$3,355,536
VIII-3 Investment incomeExcluded from tax $37,577$37,577
VIII-6 Net rental income or lossExcluded from tax $8,208$8,208
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,303−$1,303
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,353,311 · Unrelated business $4,040 · Excluded from tax $44,482$3,714,344
Part IX · Statement of functional expenses $3,644,883 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $416,958$416,958
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $97,995 · Management $105,229 · Fundraising $10,572$213,796
IX-7 Other salaries and wagesPrograms $1,173,200 · Management $112,798$1,285,998
IX-8 Pension plan contributionsPrograms $12,402$12,402
IX-9 Other employee benefitsPrograms $627,586$627,586
IX-10 Payroll taxesPrograms $93,398 · Management $16,780 · Fundraising $814$110,992
IX-11c Accounting feesManagement $8,050$8,050
IX-11g Other fees for servicesManagement $3,315$3,315
IX-13 Office expensesPrograms $3,827 · Management $8,242 · Fundraising $3,221$15,290
IX-14 Information technologyPrograms $2,600 · Management $198 · Fundraising $28$2,826
IX-16 OccupancyPrograms $279,818 · Management $21,290 · Fundraising $3,041$304,149
IX-17 TravelPrograms $140$140
IX-20 InterestPrograms $83,112 · Management $6,324 · Fundraising $903$90,339
IX-22 Depreciation, depletion and amortizationPrograms $196,072 · Management $13,616 · Fundraising $2,131$211,819
IX-23 InsurancePrograms $43,659 · Management $3,323 · Fundraising $475$47,457
IX-24 Other expenses (24a–d)Programs $231,945 · Management $2,036 · Fundraising $291$234,272
IX-24e All other expensesPrograms $56,515 · Management $2,858 · Fundraising $121$59,494
IX-25 Total functional expensesPrograms $3,319,227 · Management $304,059 · Fundraising $21,597$3,644,883
Part X · Balance sheet $5,202,624 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $43,619$26,308
X-2 Savings and temporary cash investmentsStart of year $956,302$1,124,296
X-4 Accounts receivableStart of year $205$16,124
X-8 Inventories for sale or useStart of year $7,690$6,359
X-9 Prepaid expenses and deferred chargesStart of year $48,126$64,555
X-10c Land, buildings and equipment, netStart of year $4,112,738$3,964,982
X-16 Total assetsStart of year $5,172,680$5,202,624
X-17 Accounts payable and accrued expensesStart of year $78,797$90,431
X-19 Deferred revenueStart of year $322,334$359,023
X-23 Secured mortgages and notes payableStart of year $2,395,819$2,298,490
X-26 Total liabilitiesStart of year $2,796,950$2,747,944
X-27 Net assets without donor restrictionsStart of year $2,282,809$2,263,454
X-28 Net assets with donor restrictionsStart of year $92,921$191,226
X-32 Total net assets or fund balancesStart of year $2,375,730$2,454,680
X-33 Total liabilities and net assetsStart of year $5,172,680$5,202,624
Part XI · Reconciliation of net assets $2,454,680 net assets at year end
XI-1 Total revenue$3,714,344
XI-2 Total expenses$3,644,883
XI-3 Revenue less expenses$69,461
XI-4 Net assets at start of year$2,375,730
XI-5 Net unrealized gains (losses) on investments$9,489
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,454,680

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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