Genesis Classical Academy INC FY2021 filing

Tax-deductible

Winnebago, MN501(c)(3)Since 2012EducationEIN 45-4494392

The academic and spiritual education of students using the classical methodology of grammer, logic and thetoric and the spiritual guidance found in christianity.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$31K 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $45K a year · 6% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$400K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$613K
Spent
$676K
To programs
77%
Net assets
$328K
By yearFY2021–FY2024
Revenue
$613K
FY2021
Revenue by fiscal year
FY2021$613K
FY2022$874K
FY2023$720K
FY2024$849K
FY2024$855K
Expenses
$676K
FY2021
Expenses by fiscal year
FY2021$676K
FY2022$817K
FY2023$852K
FY2024$891K
FY2024$767K
Net assets
$328K
FY2021
Net assets by fiscal year
FY2021$328K
FY2022$465K
FY2023$466K
FY2024$335K
FY2024$311K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2014-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2015.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $519K Management & general 21% · $142K Fundraising 2% · $15K

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

Who runs it and what they're paid

7 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Headmaster
$30,101Pt VII · Sec A
Non-Voting Treasurer Designee Board Approved
$1,000Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Renee Doyle’s $14K as Headmaster is at the 11th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2022FY2021
Renee Doyle$14,315$54,400—
Renee Doyle——$30,101
Richard Miller——$1,000

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students academically and spiritually using classical methods and Christian guidance.

Provided by the organization

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3 program services account for $141K of program spending, described in the organization's own filed words · FY2020.
01

Undesignated Instructional Instructional expenditures that are difficult to direct cost to a Program Service. Mainly COVID related costs.

$49Kprogram expense
02

Food Service Total Meals Served

8,238 Total snacks served: 4,298 The Food Service provided hot mid-day meals prepared on-site to participating students and staff. Snacks were provided in the morning or afternoon depending on grade level and teacher's preference.

$48Kprogram expense
03

3rd Grade Total students enrolled: 8 3rd grade level academics taught using the grammar stage of the classical Latin Trivium building upon the reading, mathematics, science, history and music taught at the 2nd grade level. Character formation is fostered through the use of Bible stories and songs.

$44Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$45K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$613K
Ln 12
Gifts and grantsLn 1h$305K
Fees for servicesLn 2g$277K
Other incomeLn 4–11$30K
Money outPt IX
$676K
Ln 25
Programscol B$519K
Managementcol C$142K
Fundraisingcol D$15K
Owns and owesPt X
$328K
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$728K
LiabilitiesLn 26$400K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Government grantsLn 1e$111K
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$28K
Fees for servicesLn 2g$277K
Investment incomeLn 3$854
Other incomeLn 4–11$30K
Total revenueLn 12$613K
Assets in detailPt X, end of year
CashLn 1$54K
SavingsLn 2$119K
Cash and savings togetherLn 1–2$173K
InvestmentsLn 11–13$85K
Land, buildings, equipmentLn 10c$532K
Total assetsLn 16$728K
LiabilitiesLn 26$400K
Net assetsLn 32$328K
OperationsPt I, VI
EmployeesI 534
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$126K$173K
InvestmentsLn 11–13$85K$85K
Land, buildings, equipmentLn 10c$329K$532K
Total assetsLn 16$465K$728K
LiabilitiesLn 26$50K$400K
Net assetsLn 32$415K$328K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$408K$326K$70K$12K
Other employee benefitsLn 9$6K$5K$970$162
Payroll taxesLn 10$41K$33K$7K$1K
Other fees for servicesLn 11g$10K$5K$4K$240
Advertising and promotionLn 12$4K$1K$1K$1K
Office expensesLn 13$11K$599$10K$584
Information technologyLn 14$4K$30$4K$0
OccupancyLn 16$53K$51K$2K$0
Conferences, conventions and meetingsLn 19$1K$2K−$1K$0
InsuranceLn 23$5K$754$4K$0
Other expenses (24a–d)Ln 24$110K$93K$17K$0
All other expensesLn 24e$23K$942$22K−$44
Total functional expensesLn 25$676K$519K$142K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $849K$891K−$41K$335K 990 PDF
FY2023 $720K$852K−$133K$466K 990 PDF
FY2022 $874K$817K$58K$465K 990 PDF
FY2021 Viewing $613K$676K−$63K$328K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $613,013 across 14 lines filed
Lines not itemized here account for $15,976 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$27,790
VIII-1d Related organizations$0
VIII-1e Government grants$110,751
VIII-1f All other contributions, gifts and grants$166,180
VIII-1g Noncash contributions (included above)$8,131
VIII-1h Total contributions, gifts and grants$304,721
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $277,402 · Unrelated business $0 · Excluded from tax $0$277,402
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $854$854
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 $13,610$13,610
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $450 · Unrelated business $0 · Excluded from tax $0$450
VIII-12 Total revenueRelated to mission $277,940 · Unrelated business $0 · Excluded from tax $30,352$613,013
Part IX · Statement of functional expenses $676,322 across 12 lines filed
IX-7 Other salaries and wagesPrograms $326,077 · Management $69,994 · Fundraising $11,690$407,761
IX-9 Other employee benefitsPrograms $4,520 · Management $970 · Fundraising $162$5,652
IX-10 Payroll taxesPrograms $33,180 · Management $7,122 · Fundraising $1,190$41,492
IX-11g Other fees for servicesPrograms $5,344 · Management $4,115 · Fundraising $240$9,699
IX-12 Advertising and promotionPrograms $1,471 · Management $1,490 · Fundraising $1,133$4,094
IX-13 Office expensesPrograms $599 · Management $10,160 · Fundraising $584$11,343
IX-14 Information technologyPrograms $30 · Management $3,639 · Fundraising $0$3,669
IX-16 OccupancyPrograms $50,863 · Management $2,366 · Fundraising $0$53,229
IX-19 Conferences, conventions and meetingsPrograms $2,420 · Management −$1,235 · Fundraising $0$1,185
IX-23 InsurancePrograms $754 · Management $4,484 · Fundraising $0$5,238
IX-24 Other expenses (24a–d)Programs $92,740 · Management $17,228 · Fundraising $0$109,968
IX-24e All other expensesPrograms $942 · Management $22,094 · Fundraising −$44$22,992
IX-25 Total functional expensesPrograms $518,940 · Management $142,427 · Fundraising $14,955$676,322
Part X · Balance sheet $727,563 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $46,917$54,003
X-2 Savings and temporary cash investmentsStart of year $79,491$118,846
X-4 Accounts receivableStart of year −$75,041−$62,232
X-9 Prepaid expenses and deferred charges$49
X-10c Land, buildings and equipment, netStart of year $329,193$532,024
X-11 Publicly traded securitiesStart of year $84,873$84,873
X-16 Total assetsStart of year $465,433$727,563
X-25 Other liabilitiesStart of year $50,383$400,000
X-26 Total liabilitiesStart of year $50,383$400,000
X-27 Net assets without donor restrictionsStart of year $415,050$327,563
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $415,050$327,563
X-33 Total liabilities and net assetsStart of year $465,433$727,563
Part XI · Reconciliation of net assets $327,563 net assets at year end
XI-1 Total revenue$613,013
XI-2 Total expenses$676,322
XI-3 Revenue less expenses−$63,309
XI-4 Net assets at start of year$415,050
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−$24,178
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$327,563

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

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