Temple Academy FY2020 filing

Tax-deductible

Powell, TN501(c)(3)Since 1971EIN 46-1921443Revenue $870K in FY2020

On file with the IRStemplebaptistacademy.com1700 W Beaver Creek Dr, 37849-4852 · Powell, TNTax-exempt since Aug 2020School — 170(b)(1)(A)(ii)

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Encourage and assist families committed to providing a christian education for their children, developing the mind of christ in each student.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$60K 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $53K a year · 4% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$480K
578% of total assets
Concern: liabilities are 578% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$870K
Spent
$1.0M
To programs
82%
Net assets
−$397K
By yearFY2020–FY2025
Revenue
$870K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$870K
FY2021$1.2M
FY2022$1.4M
FY2023$1.4M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.3M
FY2023$1.5M
FY2024$1.5M
FY2025$1.5M
Net assets
−$397K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$397K
FY2021−$530K
FY2022−$505K
FY2023−$567K
FY2024−$660K
FY2025−$687K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Aug 2020.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $846K Management & general 18% · $190K

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

4 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Adminsitrator
$60,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Daniel Weber$72,258$66,893$67,523$64,824$64,824$60,000
Mike Fox$60,889—————

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps families provide Christian education, nurturing students' minds in Christ.

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Provided by the organization

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1 program · $846K · in their own filed words · FY2019
01

A premier, private, christian education.

$846Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$870K
Ln 12
Fees for servicesLn 2g$842K
Other incomeLn 4–11$24K
Gifts and grantsLn 1h$4K
Money outPt IX
$1.0M
Ln 25
Programscol B$846K
Managementcol C$190K
Owns and owesPt X
−$397K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$83K
LiabilitiesLn 26$480K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$842K
Other incomeLn 4–11$24K
Total revenueLn 12$870K
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
Total assetsLn 16$83K
LiabilitiesLn 26$480K
Net assetsLn 32−$397K
OperationsPt I, VI
EmployeesI 542
VolunteersI 650
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 FY20End FY20
Cash and savingsLn 1–2$21K$83K
Total assetsLn 16$21K$83K
LiabilitiesLn 26$219K$480K
Net assetsLn 32−$197K−$397K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$643K$479K$165K
Other employee benefitsLn 9$76K$76K
Payroll taxesLn 10$51K$51K
Other fees for servicesLn 11g$24K$20K$4K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$22K$22K
Information technologyLn 14$21K$21K
OccupancyLn 16$22K$22K
Other expenses (24a–d)Ln 24$133K$133K
All other expensesLn 24e$28K$28K
Total functional expensesLn 25$1.0M$846K$190K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.5M−$28K−$687K 990 PDF
FY2024 $1.4M$1.5M−$93K−$660K 990 PDF
FY2023 $1.4M$1.5M−$93K−$567K 990 PDF
FY2022 $1.4M$1.3M$96K−$505K 990 PDF
FY2021 $1.2M$1.2M−$33K−$530K 990 PDF
FY2020 Viewing $870K$1.0M−$166K−$397K 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 FY2020 990 (6 parts)
Part I · Summary $870,269 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,223$4,351
I-9 Program service revenuePrior year $999,169$842,357
I-10 Investment income$0
I-11 Other revenuePrior year $12,099$23,561
I-12 Total revenuePrior year $1,017,491$870,269
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $692,913$769,763
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $407,864$266,688
I-18 Total expensesPrior year $1,100,777$1,036,451
I-19 Revenue less expensesPrior year −$83,286−$166,182
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $870,269 across 5 lines filed
Lines not itemized here account for $2,956 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,351
VIII-1h Total contributions, gifts and grants$4,351
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $839,401$839,401
VIII-8 Net income from fundraising eventsExcluded from tax $23,561$23,561
VIII-12 Total revenueRelated to mission $842,357 · Unrelated business $0 · Excluded from tax $23,561$870,269
Part IX · Statement of functional expenses $1,036,451 across 10 lines filed
IX-7 Other salaries and wagesPrograms $478,740 · Management $164,565$643,305
IX-9 Other employee benefitsPrograms $75,808$75,808
IX-10 Payroll taxesPrograms $50,650$50,650
IX-11g Other fees for servicesPrograms $19,696 · Management $4,142$23,838
IX-12 Advertising and promotionPrograms $16,902$16,902
IX-13 Office expensesManagement $21,577$21,577
IX-14 Information technologyPrograms $20,766$20,766
IX-16 OccupancyPrograms $22,025$22,025
IX-24 Other expenses (24a–d)Programs $133,277$133,277
IX-24e All other expensesPrograms $28,303$28,303
IX-25 Total functional expensesPrograms $846,167 · Management $190,284 · Fundraising $0$1,036,451
Part X · Balance sheet $83,074 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $21,331$83,074
X-16 Total assetsStart of year $21,331$83,074
X-17 Accounts payable and accrued expensesStart of year $456−$2,002
X-26 Total liabilitiesStart of year $218,656$479,992
X-27 Net assets without donor restrictionsStart of year −$197,325−$396,918
X-32 Total net assets or fund balancesStart of year −$197,325−$396,918
X-33 Total liabilities and net assetsStart of year $21,331$83,074
Part XI · Reconciliation of net assets −$396,918 net assets at year end
XI-1 Total revenue$870,269
XI-2 Total expenses$1,036,451
XI-3 Revenue less expenses−$166,182
XI-4 Net assets at start of year−$197,325
XI-8 Prior period adjustments−$33,411
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$396,918

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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