Classical Academy De Lafayette FY2021 filing

Tax-deductible

Lake St Louis, MO501(c)(3)EducationEIN 81-4743046Revenue $616K in FY2021

On file with the IRScalschool.org20 Hawk Ridge Cir, 63367-1815 · Lake St Louis, MOTax-exempt since Jan 2018School — 170(b)(1)(A)(ii)

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The mission of Classical Academy de Lafayette is to develop the academic potential of each student through a rigorous, content-rich, classical liberal arts program while cultivating in them a virtuous character.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$45K 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

FY2021 · 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 $70K a year · 6% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% 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
Named funders
5
named funders · $111K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$585K
826% of total assets
Concern: liabilities are 826% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$616K
+79% vs prior year
Spent
$867K
To programs
94%
Net assets
−$514K
By yearFY2020–FY2025
Revenue
$616K
FY2021▲ +79%
Tap a bar for its year
Revenue by fiscal year
FY2020$344K
FY2021$616K
FY2022$1.4M
FY2023$1.1M
FY2024$2.1M
FY2025$1.8M
Expenses
$867K
FY2021▲ +71%
Tap a bar for its year
Expenses by fiscal year
FY2020$507K
FY2021$867K
FY2022$1.1M
FY2023$1.3M
FY2024$2.1M
FY2025$1.8M
Net assets
−$514K
FY2021▼ -95%
Tap a bar for its year
Net assets by fiscal year
FY2020−$263K
FY2021−$514K
FY2022−$276K
FY2023−$437K
FY2024−$491K
FY2025−$502K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jan 2018.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $813K Management & general 5% · $39K Fundraising 2% · $16K

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

5 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
CEO, Head of School
$45,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Katy McKinney’s $77K as Secretary is at the 17th percentile of top reported officer pay among 3395 $1–10M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Donald Ward———$82,680——
Katy McKinney$76,917$71,000$45,000$45,000$45,000$18,333
Brian McCauley—$62,006————
Bill Ward——$39,315———

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 Classical Academy De Lafayette 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 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Develops academic potential through a rigorous classical liberal arts program, cultivating virtuous character.

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Provided by the organization

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1 program · $813K · in their own filed words · FY2020
01

The organization operates a private primary school for students in Kindergarten through tenth grade. The school is dedicated to classical education and promoting superior educational results.

$813Kprogram 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
See all 5 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$616K
Ln 12
Fees for servicesLn 2g$355K
Gifts and grantsLn 1h$224K
Other incomeLn 4–11$38K
Money outPt IX
$867K
Ln 25
Programscol B$813K
Managementcol C$39K
Fundraisingcol D$16K
Owns and owesPt X
−$514K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$71K
LiabilitiesLn 26$585K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Government grantsLn 1e$91K
Fees for servicesLn 2g$355K
Other incomeLn 4–11$38K
Total revenueLn 12$616K
Assets in detailPt X, end of year
CashLn 1$71K
Cash and savings togetherLn 1–2$71K
Total assetsLn 16$71K
LiabilitiesLn 26$585K
Net assetsLn 32−$514K
OperationsPt I, VI
EmployeesI 512
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$63K$71K
Total assetsLn 16$72K$71K
LiabilitiesLn 26$335K$585K
Net assetsLn 32−$263K−$514K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$471K$459K$4K$9K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$43K$42K$328$799
Management feesLn 11a$18K$5K$13K
Legal feesLn 11b$8K$7K$1K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$7K$2K
Advertising and promotionLn 12$38K$34K$4K
Office expensesLn 13$15K$2K$13K
Information technologyLn 14$21K$21K
RoyaltiesLn 15$0
OccupancyLn 16$27K$27K$424
TravelLn 17$5K$4K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$333$333
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$195K$195K$25
All other expensesLn 24e$0
Total functional expensesLn 25$867K$813K$39K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.8M−$11K−$502K 990 PDF
FY2024 $2.1M$2.1M−$32K−$491K 990 PDF
FY2023 $1.1M$1.3M−$208K−$437K 990 PDF
FY2022 $1.4M$1.1M$245K−$276K 990 PDF
FY2021 Viewing $616K$867K−$251K−$514K 990 PDF
FY2020 $344K$507K−$162K−$263K 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 FY2021 990 (6 parts)
Part I · Summary $616,239 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $95,007$223,647
I-9 Program service revenuePrior year $258,880$354,881
I-10 Investment income$0
I-11 Other revenuePrior year −$9,512$37,711
I-12 Total revenuePrior year $344,375$616,239
I-13 Grants and similar amounts paid$2,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $352,030$514,693
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $154,720$350,746
I-18 Total expensesPrior year $506,750$867,439
I-19 Revenue less expensesPrior year −$162,375−$251,200
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $616,239 across 7 lines filed
VIII-1e Government grants$91,000
VIII-1f All other contributions, gifts and grants$132,647
VIII-1h Total contributions, gifts and grants$223,647
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $354,881$354,881
VIII-8 Net income from fundraising events$37,535
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $176$176
VIII-12 Total revenueRelated to mission $355,057$616,239
Part IX · Statement of functional expenses $867,439 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000$2,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $458,893 · Management $4,005 · Fundraising $8,564$471,462
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $42,104 · Management $328 · Fundraising $799$43,231
IX-11a Management feesPrograms $5,000 · Management $13,418$18,418
IX-11b Legal feesPrograms $6,946 · Management $1,124$8,070
IX-11c Accounting feesManagement $5,910$5,910
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $7,185 · Fundraising $2,029$9,214
IX-12 Advertising and promotionPrograms $33,681 · Fundraising $3,829$37,510
IX-13 Office expensesPrograms $2,287 · Management $12,973$15,260
IX-14 Information technologyPrograms $21,323$21,323
IX-15 Royalties$0
IX-16 OccupancyPrograms $26,761 · Management $424$27,185
IX-17 TravelPrograms $4,425 · Management $1,015$5,440
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $333$333
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $6,690$6,690
IX-24 Other expenses (24a–d)Programs $195,368 · Management $25$195,393
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $812,663 · Management $39,222 · Fundraising $15,554$867,439
Part X · Balance sheet $70,857 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $63,293$70,857
X-16 Total assetsStart of year $71,976$70,857
X-17 Accounts payable and accrued expensesStart of year $9,934$2,354
X-19 Deferred revenueStart of year $12,332$65,336
X-24 Unsecured notes and loans payableStart of year $91,000$249,457
X-26 Total liabilitiesStart of year $335,266$585,347
X-27 Net assets without donor restrictionsStart of year −$263,290−$514,490
X-32 Total net assets or fund balancesStart of year −$263,290−$514,490
X-33 Total liabilities and net assetsStart of year $71,976$70,857
Part XI · Reconciliation of net assets −$514,490 net assets at year end
XI-1 Total revenue$616,239
XI-2 Total expenses$867,439
XI-3 Revenue less expenses−$251,200
XI-4 Net assets at start of year−$263,290
XI-10 Net assets at end of year−$514,490

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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