Ascension Classical School FY2022 filing

Tax-deductible

Shreveport, LA501(c)(3)EIN 47-1420633Revenue $2.4M in FY2022

On file with the IRSascensionclassicalschool.org10540 Norris Ferry Rd, 71106-8353 · Shreveport, LATax-exempt since Feb 2015School — 170(b)(1)(A)(ii)

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The mission of acs is to pursue the glory of god and the good of his people by providing a Classical and christian education found upon biblical worldview, which equips students to know, love, and practice the truth and challenges them to strive for excellence as they live purposefully in servce to god and man.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
3 of 5
filings with a surplus
Average surplus $325K a year · 19% of revenue · last 5 filings
Worth a look: a surplus in 3 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
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $206K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+207% vs prior year
Spent
$1.1M
To programs
100%
Net assets
$4.0M
By yearFY2021–FY2025
Revenue
$2.4M
FY2022▲ +207%
Tap a bar for its year
Revenue by fiscal year
FY2021$765K
FY2022$2.4M
FY2023$1.4M
FY2024$1.6M
FY2025$2.2M
Expenses
$1.1M
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$961K
FY2022$1.1M
FY2023$1.6M
FY2024$1.6M
FY2025$1.5M
Net assets
$4.0M
FY2022▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.8M
FY2022$4.0M
FY2023$3.9M
FY2024$3.9M
FY2025$4.6M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.

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% · $1.1M

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$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
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023
Dr Timothy Kovalcik—$126,866$100,588
Katy Hathorn$75,849$59,215—

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

Educates students with a classical, Christian approach, fostering truth, excellence, and service.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2021
01

The number of students served for the year was approximately 140. Acs teaches students in all the core subjects at or above grade level. Acs also teaches the students art, music, physical education, and latin to fill out their learning experience.

$1.1Mprogram expense

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 3 funders$206K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$739K
Investment incomeLn 3$451K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$6.3M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$72K
Noncash giftsLn 1g$248
Fees for servicesLn 2g$739K
Investment incomeLn 3$451K
Other incomeLn 4–11$66K
Gains on assetsLn 7$449K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$405K
SavingsLn 2$793K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$449K
Land, buildings, equipmentLn 10c$4.7M
Other assetsLn 15$3K
Total assetsLn 16$6.3M
LiabilitiesLn 26$2.3M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 515
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$598K$1.2M
InvestmentsLn 11–13$449K
Land, buildings, equipmentLn 10c$4.6M$4.7M
Total assetsLn 16$5.2M$6.3M
LiabilitiesLn 26$2.5M$2.3M
Net assetsLn 32$2.8M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$94K$94K
Other salaries and wagesLn 7$430K$430K
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$36K$36K
Management feesLn 11a$57K$57K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$852$852
Advertising and promotionLn 12$5K$5K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$100K$100K
Depreciation, depletion and amortizationLn 22$113K$113K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$199K$199K
Total functional expensesLn 25$1.1M$1.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$1.5M$664K$4.6M 990 PDF
FY2024 $1.6M$1.6M$6K$3.9M 990 PDF
FY2023 $1.4M$1.6M−$113K$3.9M 990 PDF
FY2022 Viewing $2.4M$1.1M$1.3M$4.0M 990 PDF
FY2021 $765K$961K−$196K$2.8M 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 (6 parts)
Part I · Summary $2,350,317 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,047$1,094,008
I-9 Program service revenuePrior year $607,466$739,149
I-10 Investment incomePrior year $2,720$451,370
I-11 Other revenuePrior year $42,579$65,790
I-12 Total revenuePrior year $764,812$2,350,317
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $474,911$595,239
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $486,254$490,505
I-18 Total expensesPrior year $961,165$1,085,744
I-19 Revenue less expensesPrior year −$196,353$1,264,573
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,350,317 across 9 lines filed
VIII-1e Government grants$71,971
VIII-1f All other contributions, gifts and grants$1,022,037
VIII-1g Noncash contributions (included above)$248
VIII-1h Total contributions, gifts and grants$1,094,008
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $739,149$739,149
VIII-3 Investment incomeExcluded from tax $2,425$2,425
VIII-7 Net gain or loss on sales of assetsExcluded from tax $448,945$448,945
VIII-8 Net income from fundraising eventsExcluded from tax $65,790$65,790
VIII-12 Total revenueRelated to mission $739,149 · Unrelated business $0 · Excluded from tax $517,160$2,350,317
Part IX · Statement of functional expenses $1,085,744 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,008$94,008
IX-7 Other salaries and wagesPrograms $430,193$430,193
IX-9 Other employee benefitsPrograms $35,499$35,499
IX-10 Payroll taxesPrograms $35,539$35,539
IX-11a Management feesPrograms $56,948$56,948
IX-11c Accounting feesPrograms $5,000$5,000
IX-11g Other fees for servicesPrograms $852$852
IX-12 Advertising and promotionPrograms $5,360$5,360
IX-17 TravelPrograms $4,907$4,907
IX-19 Conferences, conventions and meetingsPrograms $4,294$4,294
IX-20 InterestPrograms $100,101$100,101
IX-22 Depreciation, depletion and amortizationPrograms $112,663$112,663
IX-23 InsurancePrograms $1,653$1,653
IX-24 Other expenses (24a–d)Programs $198,727$198,727
IX-25 Total functional expensesPrograms $1,085,744 · Management $0 · Fundraising $0$1,085,744
Part X · Balance sheet $6,300,624 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $92,647$404,507
X-2 Savings and temporary cash investmentsStart of year $505,334$793,184
X-10c Land, buildings and equipment, netStart of year $4,624,445$4,650,335
X-11 Publicly traded securities$448,906
X-14 Intangible assetsStart of year $516$364
X-15 Other assetsStart of year $0$3,328
X-16 Total assetsStart of year $5,223,066$6,300,624
X-17 Accounts payable and accrued expensesStart of year $38,388$21,512
X-26 Total liabilitiesStart of year $2,461,610$2,275,146
X-27 Net assets without donor restrictionsStart of year $384,870$487,262
X-28 Net assets with donor restrictionsStart of year $2,376,586$3,538,216
X-32 Total net assets or fund balancesStart of year $2,761,456$4,025,478
X-33 Total liabilities and net assetsStart of year $5,223,066$6,300,624
Part XI · Reconciliation of net assets $4,025,478 net assets at year end
XI-1 Total revenue$2,350,317
XI-2 Total expenses$1,085,744
XI-3 Revenue less expenses$1,264,573
XI-4 Net assets at start of year$2,761,456
XI-9 Other changes in net assets−$551
XI-10 Net assets at end of year$4,025,478

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

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