Columbia Academy School FY2023 filing

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Columbia Academy is committed to serving it's students so they master skills, knowledge, and character appropriate for them and their future while becoming christ-like in attitude and behavior.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$137K 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
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
6 of 6
filings with a surplus
Average surplus $1.7M a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$137K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $3.7M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $3.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.4M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.1M
+6% vs prior year
Spent
$12.7M
To programs
91%
Net assets
$12.3M
By yearFY2020–FY2025
Revenue
$14.1M
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.9M
FY2021$12.0M
FY2022$13.3M
FY2023$14.1M
FY2024$17.0M
FY2025$16.5M
Expenses
$12.7M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.8M
FY2021$10.4M
FY2022$11.2M
FY2023$12.7M
FY2024$14.0M
FY2025$14.3M
Net assets
$12.3M
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$9.2M
FY2022$10.9M
FY2023$12.3M
FY2024$15.2M
FY2025$17.3M

From the FY2023 Form 990 (year ending May 2023) · 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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1973.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $11.5M Management & general 8% · $1.0M Fundraising 1% · $159K

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

14 people listed on the 990; $137K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$137,161Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director (thru 12/22)
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

James Thomas’s $152K as President is at the 16th percentile of top reported officer pay among 3683 $10–100M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Thomas$151,754$143,588$137,161$130,104$133,330$120,053

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 Columbia Academy School executive salaries →

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 15aYes

Programs and updates

Educates students in skills, knowledge, and character, fostering Christ-like attitudes.

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1 program · $11.5M · in their own filed words · FY2022
01

Grades Pre-K-12

Provide primary and secondary education.

$11.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 10 grants · $4.3M · 2019–2024
Unitemized GrantFY2024$778,596
Unitemized GrantFY2024$164,325
Unitemized GrantFY2023$982,216
Unitemized GrantFY2023$126,098
Unitemized GrantFY2022$948,519
Unitemized GrantFY2022$124,750
Unitemized GrantFY2021$829,992
Unitemized GrantFY2021$127,118
Unitemized GrantFY2020$103,049
Unitemized GrantFY2019$124,726

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2024 · $1.3M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through State of Tennessee, Department of Education$1.3M

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$14.1M
Ln 12
Fees for servicesLn 2g$12.2M
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$107K
Money outPt IX
$12.7M
Ln 25
Programscol B$11.5M
Managementcol C$1.0M
Fundraisingcol D$159K
Owns and owesPt X
$12.3M
net assets · Ln 32
Cash and savingsLn 1–2$975K
Total assetsLn 16$18.7M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$179K
Noncash giftsLn 1g$291K
Fundraising eventsLn 1c$160K
Fees for servicesLn 2g$12.2M
Investment incomeLn 3$107K
Gains on assetsLn 7$10K
Total revenueLn 12$14.1M
Assets in detailPt X, end of year
CashLn 1$975K
Cash and savings togetherLn 1–2$975K
Accounts receivableLn 4$49K
Inventories for sale or useLn 8$7K
Prepaid expenses and deferred chargesLn 9$29K
Land, buildings, equipmentLn 10c$13.8M
InvestmentsLn 11–13$3.7M
Other assetsLn 15$203K
Total assetsLn 16$18.7M
LiabilitiesLn 26$6.4M
Net assetsLn 32$12.3M
OperationsPt I, VI
EmployeesI 5228
VolunteersI 675
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$291K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$28K
Share of the $3.5M endowmentSch D 1g0.82%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$3.5M$3.5M$3.8M$3.1M$2.4M
Given inLn 1b$246K$159K$64K$102K$56K
SpentLn 1d–1f$165K$165K$156K$148K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.6M$975K
InvestmentsLn 11–13$3.5M$3.7M
Land, buildings, equipmentLn 10c$11.3M$13.8M
Total assetsLn 16$17.5M$18.7M
LiabilitiesLn 26$6.6M$6.4M
Net assetsLn 32$10.9M$12.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.1M$1.1M
Other salaries and wagesLn 7$6.3M$5.7M$610K$60K
Pension plan contributionsLn 8$150K$135K$13K$2K
Other employee benefitsLn 9$811K$740K$69K$2K
Payroll taxesLn 10$454K$405K$45K$5K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$45K$45K
Professional fundraising feesLn 11e$33K$33K
Investment management feesLn 11f$28K$28K
Advertising and promotionLn 12$75K$75K
Information technologyLn 14$123K$123K
OccupancyLn 16$2K$2K
TravelLn 17$205K$204K$579
InterestLn 20$226K$225K$1K
Depreciation, depletion and amortizationLn 22$923K$908K$15K
InsuranceLn 23$111K$92K$20K
Other expenses (24a–d)Ln 24$1.4M$1.3M$107K$38K
All other expensesLn 24e$623K$537K$68K$18K
Total functional expensesLn 25$12.7M$11.5M$1.0M$159K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 21, 2026 $16.5M$14.3M$2.2M$17.3M 990 PDF
FY2024Filed with the IRS Dec 9, 2024 $17.0M$14.0M$3.0M$15.2M 990 PDF
FY2023 ViewingFiled with the IRS Nov 29, 2023 $14.1M$12.7M$1.4M$12.3M 990 PDF
FY2022Filed with the IRS Apr 18, 2023 $13.3M$11.2M$2.1M$10.9M 990 PDF
FY2021Filed with the IRS Feb 10, 2022 $12.0M$10.4M$1.5M$9.2M 990 PDF
FY2020Filed with the IRS Mar 15, 2021 $8.9M$8.8M$103K$7.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $14,065,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,038,882$1,801,972
I-9 Program service revenuePrior year $10,750,931$12,156,474
I-10 Investment incomePrior year $498,699$107,129
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $13,288,512$14,065,575
I-13 Grants and similar amounts paidPrior year $957,110$1,073,269
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,683,596$7,739,440
I-16a Professional fundraising feesPrior year $81,257$32,823
I-17 Other expensesPrior year $3,442,677$3,805,201
I-18 Total expensesPrior year $11,164,640$12,650,733
I-19 Revenue less expensesPrior year $2,123,872$1,414,842
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,065,575 across 11 lines filed
VIII-1c Fundraising events$159,915
VIII-1d Related organizations$36,000
VIII-1e Government grants$178,693
VIII-1f All other contributions, gifts and grants$1,427,364
VIII-1g Noncash contributions (included above)$290,527
VIII-1h Total contributions, gifts and grants$1,801,972
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,156,474$12,156,474
VIII-3 Investment incomeExcluded from tax $96,881$96,881
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,248$10,248
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $12,156,474 · Unrelated business $0 · Excluded from tax $107,129$14,065,575
Part IX · Statement of functional expenses $12,650,733 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,073,269$1,073,269
IX-7 Other salaries and wagesPrograms $5,654,290 · Management $609,974 · Fundraising $60,400$6,324,664
IX-8 Pension plan contributionsPrograms $134,982 · Management $12,751 · Fundraising $2,125$149,858
IX-9 Other employee benefitsPrograms $739,984 · Management $68,946 · Fundraising $2,000$810,930
IX-10 Payroll taxesPrograms $404,540 · Management $44,817 · Fundraising $4,631$453,988
IX-11b Legal feesManagement $6,663$6,663
IX-11c Accounting feesManagement $45,381$45,381
IX-11e Professional fundraising feesFundraising $32,823$32,823
IX-11f Investment management feesManagement $28,461$28,461
IX-12 Advertising and promotionPrograms $75,357$75,357
IX-14 Information technologyPrograms $123,217$123,217
IX-16 OccupancyPrograms $2,000$2,000
IX-17 TravelPrograms $203,936 · Fundraising $579$204,515
IX-20 InterestPrograms $224,911 · Management $1,275$226,186
IX-22 Depreciation, depletion and amortizationPrograms $908,304 · Management $14,605$922,909
IX-23 InsurancePrograms $91,757 · Management $19,671$111,428
IX-24 Other expenses (24a–d)Programs $1,290,828 · Management $107,337 · Fundraising $37,618$1,435,783
IX-24e All other expensesPrograms $537,016 · Management $67,819 · Fundraising $18,466$623,301
IX-25 Total functional expensesPrograms $11,464,391 · Management $1,027,700 · Fundraising $158,642$12,650,733
Part X · Balance sheet $18,749,930 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,618,881$974,867
X-4 Accounts receivableStart of year $30,930$48,879
X-8 Inventories for sale or useStart of year $8,539$7,011
X-9 Prepaid expenses and deferred chargesStart of year $6,583$28,591
X-10c Land, buildings and equipment, netStart of year $11,346,322$13,834,443
X-11 Publicly traded securitiesStart of year $3,466,497$3,494,060
X-12 Other securitiesStart of year $36,101$159,539
X-15 Other assetsStart of year $0$202,540
X-16 Total assetsStart of year $17,513,853$18,749,930
X-17 Accounts payable and accrued expensesStart of year $1,622,301$1,376,470
X-19 Deferred revenueStart of year $440,563$522,255
X-23 Secured mortgages and notes payableStart of year $4,528,427$4,367,082
X-25 Other liabilitiesStart of year $0$168,783
X-26 Total liabilitiesStart of year $6,591,291$6,434,590
X-27 Net assets without donor restrictionsStart of year $8,219,492$9,618,385
X-28 Net assets with donor restrictionsStart of year $2,703,070$2,696,955
X-32 Total net assets or fund balancesStart of year $10,922,562$12,315,340
X-33 Total liabilities and net assetsStart of year $17,513,853$18,749,930
Part XI · Reconciliation of net assets $12,315,340 net assets at year end
XI-1 Total revenue$14,065,575
XI-2 Total expenses$12,650,733
XI-3 Revenue less expenses$1,414,842
XI-4 Net assets at start of year$10,922,562
XI-5 Net unrealized gains (losses) on investments−$145,502
XI-9 Other changes in net assets$123,438
XI-10 Net assets at end of year$12,315,340

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

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