Worldview Academy FY2022 filing

Tax-deductible

Mt Pleasant, TX501(c)(3)ReligionEIN 46-1822989

Worldview Academy is a non-denominational organization dedicated to helping Christians to think and live in accord with Biblical worldview so that they will serve Christ and lead the culture.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$49K 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

FY2022 · 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
2 of 5
filings with a surplus
Average deficit $42K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 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
Pay to officers and key staff
$49K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
71 mo
of spending, in cash
Looks good: 71.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $120K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$788K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
-90% vs prior year
Spent
$124K
To programs
100%
Net assets
$463K
By yearFY2020–FY2024
Revenue
$181K
FY2022▼ -90%
Revenue by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.9M
FY2022$181K
FY2023$1.9M
FY2024$2.1M
Expenses
$124K
FY2022▼ -93%
Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.9M
FY2022$124K
FY2023$2.1M
FY2024$1.9M
Net assets
$463K
FY2022▲ +14%
Net assets by fiscal year
FY2020$207K
FY2021$418K
FY2022$406K
FY2022$463K
FY2023$232K
FY2024$413K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

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% · $124K

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

Who runs it and what they're paid

9 people listed on the 990; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Operations
$31,433Pt VII · Sec A
Executive Director
$17,769Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Michael P Schutt’s $152K as Executive Director is at the 78th percentile of top reported officer pay among 1637 $1–10M religion 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

NameFY2023FY2022FY2022FY2021
Michael P Schutt$152,132$17,769$132,004$110,769
Michael Tiland$138,652$31,433$103,678$106,623
William Jack———$57,589

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 Worldview 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

Equips Christians to think and live biblically, serving Christ and leading culture.

Provided by the organization

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1 program service account for $124K of program spending, described in the organization's own filed words · FY2022.
01

Approximately 2000 teens served at academic leadership camps in the Summer and Fall. Approximately 90 college students are trained and given the opportunity to lead teens in 17 camps in 14 states in 2021.

$124Kprogram 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
See all 5 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Gifts and grantsLn 1h$164K
Fees for servicesLn 2g$15K
Investment incomeLn 3$2K
Money outPt IX
$124K
Ln 25
Programscol B$124K
Owns and owesPt X
$463K
net assets · Ln 32
Cash and savingsLn 1–2$735K
Total assetsLn 16$1.3M
LiabilitiesLn 26$788K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Fees for servicesLn 2g$15K
Investment incomeLn 3$2K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$469K
SavingsLn 2$266K
Cash and savings togetherLn 1–2$735K
InvestmentsLn 11–13$504K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$1.3M
LiabilitiesLn 26$788K
Net assetsLn 32$463K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6100
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$685K$735K
InvestmentsLn 11–13$480K$504K
Land, buildings, equipmentLn 10c$13K$12K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$772K$788K
Net assetsLn 32$406K$463K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$49K$49K
Other salaries and wagesLn 7$32K$32K
Other employee benefitsLn 9$24$24
Payroll taxesLn 10$8K$8K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$6K$6K
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$716$716
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$124K$124K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.1M$1.9M$181K$413K 990 PDF
FY2023 $1.9M$2.1M−$231K$232K 990 PDF
FY2022 $1.9M$1.9M−$23K$406K 990 PDF
FY2021 $1.4M$1.3M$186K$418K 990 PDF
FY2020 $1.1M$1.4M−$323K$207K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $181,231 across 5 lines filed
VIII-1f All other contributions, gifts and grants$164,278
VIII-1h Total contributions, gifts and grants$164,278
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,729$14,729
VIII-3 Investment incomeRelated to mission $2,224$2,224
VIII-12 Total revenueRelated to mission $16,953 · Unrelated business $0 · Excluded from tax $0$181,231
Part IX · Statement of functional expenses $123,994 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,202$49,202
IX-7 Other salaries and wagesPrograms $31,724$31,724
IX-9 Other employee benefitsPrograms $24$24
IX-10 Payroll taxesPrograms $7,500$7,500
IX-12 Advertising and promotionPrograms $13,126$13,126
IX-13 Office expensesPrograms $5,817$5,817
IX-16 OccupancyPrograms $2,619$2,619
IX-19 Conferences, conventions and meetingsPrograms $3,751$3,751
IX-22 Depreciation, depletion and amortizationPrograms $716$716
IX-24 Other expenses (24a–d)Programs $9,515$9,515
IX-25 Total functional expensesPrograms $123,994 · Management $0 · Fundraising $0$123,994
Part X · Balance sheet $1,250,808 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $420,330$469,184
X-2 Savings and temporary cash investmentsStart of year $264,377$265,688
X-10c Land, buildings and equipment, netStart of year $12,892$12,176
X-11 Publicly traded securitiesStart of year $479,894$503,760
X-16 Total assetsStart of year $1,177,493$1,250,808
X-17 Accounts payable and accrued expensesStart of year $14,242$3,552
X-19 Deferred revenueStart of year $175,264$175,264
X-25 Other liabilitiesStart of year $582,369$609,137
X-26 Total liabilitiesStart of year $771,875$787,953
X-27 Net assets without donor restrictionsStart of year $405,618$462,855
X-32 Total net assets or fund balancesStart of year $405,618$462,855
X-33 Total liabilities and net assetsStart of year $1,177,493$1,250,808
Part XI · Reconciliation of net assets $462,855 net assets at year end
XI-1 Total revenue$181,231
XI-2 Total expenses$123,994
XI-3 Revenue less expenses$57,237
XI-4 Net assets at start of year$405,618
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$462,855

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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