Schaeffer Academy FY2021 filing

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

Form 990 Part I, line 1, FY2021. 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.
89¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
3.7 mo
of spending, in cash
3.7 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
$2.9M
61% of total assets
Liabilities are 61% 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
$2.6M
-9% vs prior year
Spent
$2.5M
To programs
89%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$2.6M
FY2021▼ -9%
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
$2.5M
FY2021▲ +2%
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
$1.9M
FY2021▲ +2%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

89 cents of each dollar spent went to programs.

Program services 89% · $2.3M Management & general 10% · $250K Fundraising 1% · $29K

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

9 people listed on the 990; $76K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Headmaster
$76,347Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Director
$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 · $2.3M · in their own filed words · FY2020
01

Provides a christ-centered and classical education to students in grades k-12. Enrollment for the fiscal year averaged 258 students.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1728882) · Dispute this line
$2.3Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.3M
Gifts and grantsLn 1h$287K
Other incomeLn 4–11$12K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.3M
Managementcol C$250K
Fundraisingcol D$29K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$780K
Total assetsLn 16$4.8M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$287K
Government grantsLn 1e$38K
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$699
Other incomeLn 4–11$12K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$79K
SavingsLn 2$701K
Cash and savings togetherLn 1–2$780K
Pledges and grants receivableLn 3$12K
Accounts receivableLn 4$17K
Inventories for sale or useLn 8$10K
Prepaid expenses and deferred chargesLn 9$42K
Land, buildings, equipmentLn 10c$3.9M
Total assetsLn 16$4.8M
LiabilitiesLn 26$2.9M
Net assetsLn 32$1.9M
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 FY21End FY21
Cash and savingsLn 1–2$773K$780K
Land, buildings, equipmentLn 10c$4.1M$3.9M
Total assetsLn 16$4.9M$4.8M
LiabilitiesLn 26$3.0M$2.9M
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$212K$212K
Pay of officers and key staff (Part IX, line 5)Ln 5$178K$103K$70K$4K
Other salaries and wagesLn 7$959K$858K$86K$15K
Other employee benefitsLn 9$353K$353K
Payroll taxesLn 10$82K$69K$12K$1K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$11K$1K$7K$3K
Information technologyLn 14$4K$4K$303$43
OccupancyLn 16$241K$222K$17K$2K
TravelLn 17$6K$6K
InterestLn 20$134K$123K$9K$1K
Depreciation, depletion and amortizationLn 22$177K$163K$12K$2K
InsuranceLn 23$32K$29K$2K$319
Other expenses (24a–d)Ln 24$81K$80K$1K$146
All other expensesLn 24e$57K$38K$18K$129
Total functional expensesLn 25$2.5M$2.3M$250K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $2,579,407 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $414,582$286,581
I-9 Program service revenuePrior year $2,403,391$2,280,051
I-10 Investment incomePrior year $654$699
I-11 Other revenuePrior year $10,674$12,076
I-12 Total revenuePrior year $2,829,301$2,579,407
I-13 Grants and similar amounts paidPrior year $210,295$211,810
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,548,306$1,572,339
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $728,706$757,877
I-18 Total expensesPrior year $2,487,307$2,542,026
I-19 Revenue less expensesPrior year $341,994$37,381
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 $2,579,407 across 8 lines filed
Lines not itemized here account for $1,718 of total revenue; see the IRS return.
VIII-1e Government grants$37,755
VIII-1f All other contributions, gifts and grants$248,826
VIII-1g Noncash contributions (included above)$9,280
VIII-1h Total contributions, gifts and grants$286,581
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,277,211 · Unrelated business $2,840$2,280,051
VIII-3 Investment incomeExcluded from tax $699$699
VIII-6 Net rental income or lossExcluded from tax $10,358$10,358
VIII-12 Total revenueRelated to mission $2,277,211 · Unrelated business $4,558 · Excluded from tax $11,057$2,579,407
Part IX · Statement of functional expenses $2,542,026 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $211,810$211,810
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $103,418 · Management $70,493 · Fundraising $4,059$177,970
IX-7 Other salaries and wagesPrograms $857,959 · Management $85,941 · Fundraising $14,860$958,760
IX-9 Other employee benefitsPrograms $353,449$353,449
IX-10 Payroll taxesPrograms $68,972 · Management $11,765 · Fundraising $1,423$82,160
IX-11c Accounting feesManagement $6,625$6,625
IX-11g Other fees for servicesManagement $2,546$2,546
IX-12 Advertising and promotionManagement $5,803$5,803
IX-13 Office expensesPrograms $1,308 · Management $6,658 · Fundraising $2,817$10,783
IX-14 Information technologyPrograms $3,988 · Management $303 · Fundraising $43$4,334
IX-16 OccupancyPrograms $221,843 · Management $16,881 · Fundraising $2,410$241,134
IX-17 TravelPrograms $5,783$5,783
IX-20 InterestPrograms $123,368 · Management $9,387 · Fundraising $1,341$134,096
IX-22 Depreciation, depletion and amortizationPrograms $162,881 · Management $12,394 · Fundraising $1,770$177,045
IX-23 InsurancePrograms $29,319 · Management $2,232 · Fundraising $319$31,870
IX-24 Other expenses (24a–d)Programs $80,056 · Management $1,024 · Fundraising $146$81,226
IX-24e All other expensesPrograms $38,255 · Management $18,248 · Fundraising $129$56,632
IX-25 Total functional expensesPrograms $2,262,409 · Management $250,300 · Fundraising $29,317$2,542,026
Part X · Balance sheet $4,770,683 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $87,660$79,045
X-2 Savings and temporary cash investmentsStart of year $685,075$700,556
X-3 Pledges and grants receivableStart of year $13,651$12,351
X-4 Accounts receivableStart of year $5,450$16,682
X-8 Inventories for sale or useStart of year $13,642$9,616
X-9 Prepaid expenses and deferred chargesStart of year $36,628$42,314
X-10c Land, buildings and equipment, netStart of year $4,051,556$3,910,119
X-16 Total assetsStart of year $4,893,662$4,770,683
X-17 Accounts payable and accrued expensesStart of year $74,491$99,034
X-19 Deferred revenueStart of year $219,623$240,203
X-23 Secured mortgages and notes payableStart of year $2,719,309$2,549,943
X-26 Total liabilitiesStart of year $3,049,540$2,889,180
X-27 Net assets without donor restrictionsStart of year $1,740,624$1,795,665
X-28 Net assets with donor restrictionsStart of year $103,498$85,838
X-32 Total net assets or fund balancesStart of year $1,844,122$1,881,503
X-33 Total liabilities and net assetsStart of year $4,893,662$4,770,683
Part XI · Reconciliation of net assets $1,881,503 net assets at year end
XI-1 Total revenue$2,579,407
XI-2 Total expenses$2,542,026
XI-3 Revenue less expenses$37,381
XI-4 Net assets at start of year$1,844,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,881,503

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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