Auburn Classical Academy INC EIN 47-2565407 Form 990 (PDF) Claim this org

Auburn Classical Academy INC

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Educates students with Christian virtues and classical learning to reach their full potential. For fiscal year 2023 it reported $630K in revenue, $607K in expenses, and $306K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Opelika, AL
Website
auburnclassicalacademy.com
Filings
3 on file (2021–2023)
Revenue
$630KFY2023
Expenses
$607K
Net assets
$306K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  47-2565407 Public charity (501(c)(3)) Opelika, AL
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students with Christian virtues and classical learning to reach their full potential.
Leadership
Stephanie Roarke · Chairwomen
Money in and out
$630K revenue, $607K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$630K
Pt VIII · Ln 12
Total expenses
$607K
Pt IX · Ln 25
Net assets
$306K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -75% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$630K
FY2023+0.06%
Expenses
$607K
FY2023▲ +12%
Total assets
$316K
FY2023▲ +10%
Total liabilities
$10K
FY2023▲ +277%
Total revenue
$630K
Pt VIII · Ln 12
Total expenses
$607K
Pt IX · Ln 25
Net assets
$306K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$316K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAuburn Classical Academy INC
EINHdr · item D47-2565407
Principal addressHdr · item COpelika, AL
WebsiteHdr · item Jauburnclassicalacademy.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24)
Ruling yearIRS BMFSep 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $607K of program spending, described in the organization's own filed words · FY2022.
01

Education god's children to become future leaders.

$607Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$629K
Investment income$579
Other revenue$77
Total revenueLn 12$630K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$607K
Total functional expensesLn 25$607K

Balance Sheet

Part X · end of year
CashLn 1$316K
Total assetsLn 16$316K
Total liabilitiesLn 26$10K
Total net assetsLn 32$306K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $316K · Operating expenses/yr $607K
6.2 months
Where the money goes
Program services
Program services $607K · Total expenses $607K
100%
Management & General
Management & general $0 · Total expenses $607K
0%
Fundraising
Fundraising $0 · Total expenses $607K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $630K
0%
Government reliance
Government grants — · Total revenue $630K
Earned-income share
Program service revenue $629K · Total revenue $630K
100%
Investment reliance
Investment income $579 · Total revenue $630K
+0.09%
Program self-sufficiency
Program service revenue $629K · Total expenses $607K
104%
Growth & trend
Revenue growth (YoY)
This year $630K · Prior year $629K
+0.06%
Net-asset trend (YoY)
End of year $306K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $630K · Expenses $607K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $316K
Net-asset ratio
Net assets $306K · Total assets $316K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $316K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephanie Roarke · Reported title CHAIRWOMEN · Highest reported compensation $0 · Total expenses $607K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $508K · Total expenses $607K
84%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 0.06%
Legal fee ratio 0.1%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$630K revenue · viewing · ⤓ 990 PDF
FY2022$629K revenue · ⤓ 990 PDF
FY2021$469K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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