Worldview Academy FY2023 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.
$291K 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

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
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
$291K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 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
$956K
80% of total assets
Worth a look: liabilities are 80% of assets; over 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
$1.9M
×10 vs prior year
Spent
$2.1M
To programs
100%
Net assets
$232K
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▲ ×10
Revenue by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.9M
FY2022$181K
FY2023$1.9M
FY2024$2.1M
Expenses
$2.1M
FY2023▲ ×17
Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.9M
FY2022$124K
FY2023$2.1M
FY2024$1.9M
Net assets
$232K
FY2023▼ -50%
Net assets by fiscal year
FY2020$207K
FY2021$418K
FY2022$406K
FY2022$463K
FY2023$232K
FY2024$413K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $2.1M

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; $291K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$152,132Pt VII · Sec A
Director of Operations
$138,652Pt 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

This section is blank until Worldview Academy claims this page.

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1 program service account for $2.1M of program spending, described in the organization's own filed words · FY2023.
01

Approximately 1600 teens served at academic leadership camps in the Summer and Fall. Approximately 40 college students are trained and given the opportunity to lead teens in 19 camps in 15 states in 2023.

$2.1Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$650K
Investment incomeLn 3$29K
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Owns and owesPt X
$232K
net assets · Ln 32
Cash and savingsLn 1–2$628K
Total assetsLn 16$1.2M
LiabilitiesLn 26$956K
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$650K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$29K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$351K
SavingsLn 2$278K
Cash and savings togetherLn 1–2$628K
InvestmentsLn 11–13$550K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$1.2M
LiabilitiesLn 26$956K
Net assetsLn 32$232K
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 FY23End FY23
Cash and savingsLn 1–2$735K$628K
InvestmentsLn 11–13$504K$550K
Land, buildings, equipmentLn 10c$12K$10K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$788K$956K
Net assetsLn 32$463K$232K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$291K$291K
Other salaries and wagesLn 7$202K$202K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$37K$37K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$148K$148K
Office expensesLn 13$36K$36K
Information technologyLn 14$9K$9K
OccupancyLn 16$27K$27K
Conferences, conventions and meetingsLn 19$29K$29K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$1.2M$1.2M
Total functional expensesLn 25$2.1M$2.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.1M$1.9M$181K$413K 990 PDF
FY2023 Viewing $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,858,582 across 5 lines filed
VIII-1f All other contributions, gifts and grants$649,548
VIII-1h Total contributions, gifts and grants$649,548
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,180,266$1,180,266
VIII-3 Investment incomeRelated to mission $28,768$28,768
VIII-12 Total revenueRelated to mission $1,209,034 · Unrelated business $0 · Excluded from tax $0$1,858,582
Part IX · Statement of functional expenses $2,089,323 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $290,784$290,784
IX-7 Other salaries and wagesPrograms $201,722$201,722
IX-9 Other employee benefitsPrograms $17,926$17,926
IX-10 Payroll taxesPrograms $37,484$37,484
IX-11c Accounting feesPrograms $1,775$1,775
IX-11g Other fees for servicesPrograms $22,797$22,797
IX-12 Advertising and promotionPrograms $148,059$148,059
IX-13 Office expensesPrograms $36,456$36,456
IX-14 Information technologyPrograms $9,300$9,300
IX-16 OccupancyPrograms $27,283$27,283
IX-19 Conferences, conventions and meetingsPrograms $28,749$28,749
IX-22 Depreciation, depletion and amortizationPrograms $6,310$6,310
IX-23 InsurancePrograms $13,181$13,181
IX-24 Other expenses (24a–d)Programs $1,247,497$1,247,497
IX-25 Total functional expensesPrograms $2,089,323 · Management $0 · Fundraising $0$2,089,323
Part X · Balance sheet $1,188,273 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $469,184$350,603
X-2 Savings and temporary cash investmentsStart of year $265,688$277,634
X-10c Land, buildings and equipment, netStart of year $12,176$10,462
X-11 Publicly traded securitiesStart of year $503,760$549,574
X-16 Total assetsStart of year $1,250,808$1,188,273
X-17 Accounts payable and accrued expensesStart of year $3,552$33,967
X-19 Deferred revenueStart of year $175,264$197,300
X-25 Other liabilitiesStart of year $609,137$724,721
X-26 Total liabilitiesStart of year $787,953$955,988
X-27 Net assets without donor restrictionsStart of year $462,855$232,285
X-32 Total net assets or fund balancesStart of year $462,855$232,285
X-33 Total liabilities and net assetsStart of year $1,250,808$1,188,273
Part XI · Reconciliation of net assets $232,285 net assets at year end
XI-1 Total revenue$1,858,582
XI-2 Total expenses$2,089,323
XI-3 Revenue less expenses−$230,741
XI-4 Net assets at start of year$462,855
XI-8 Prior period adjustments$171
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$232,285

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

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