Classical Academy De Lafayette FY2023 filing

Tax-deductible

Lake St Louis, MO501(c)(3)EducationEIN 81-4743046Revenue $1.1M in FY2023

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.
56¢ of each $1 spent went to programs.
$84K 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
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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
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
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
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
$1.1M
165% of total assets
Concern: liabilities are 165% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 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
$1.1M
-17% vs prior year
Spent
$1.3M
To programs
56%
Net assets
−$437K
By yearFY2020–FY2025
Revenue
$1.1M
FY2023▼ -17%
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
$1.3M
FY2023▲ +19%
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
−$437K
FY2023▼ -59%
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 FY2023 Form 990 (year ending June 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 Jan 2018.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $754K Management & general 44% · $588K Fundraising 0% · $2K

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

9 people listed on the 990; $84K 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
CEO, Head of School
$45,000Pt VII · Sec A
Director
$39,315Pt VII · Sec A
Director Former
$0Pt VII · Sec A
Chairman Former
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 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 · $754K · in their own filed words · FY2022
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.

$754Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$802K
Gifts and grantsLn 1h$303K
Other incomeLn 4–11$32K
Money outPt IX
$1.3M
Ln 25
Programscol B$754K
Managementcol C$588K
Fundraisingcol D$2K
Owns and owesPt X
−$437K
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$674K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$303K
Fundraising eventsLn 1c$105K
Fees for servicesLn 2g$802K
Other incomeLn 4–11$32K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$230K
SavingsLn 2$198K
Cash and savings togetherLn 1–2$428K
Land, buildings, equipmentLn 10c$215K
Other assetsLn 15$48
Total assetsLn 16$674K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$437K
OperationsPt I, VI
EmployeesI 512
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$346K$428K
Land, buildings, equipmentLn 10c$157K$215K
Total assetsLn 16$514K$674K
LiabilitiesLn 26$790K$1.1M
Net assetsLn 32−$276K−$437K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$84K$84K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$722K$394K$328K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$30K$27K$3K
Payroll taxesLn 10$68K$40K$29K
Management feesLn 11a$0
Legal feesLn 11b$51K$51K
Accounting feesLn 11c$15K$960$14K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$124K$45K$79K
Advertising and promotionLn 12$46K$43K$292$2K
Office expensesLn 13$8K$1K$6K
Information technologyLn 14$6K$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$51K$16K$36K
TravelLn 17$21K$10K$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$51$51
InsuranceLn 23$15K$2K$13K
Other expenses (24a–d)Ln 24$89K$85K$4K
All other expensesLn 24e$15K$2K$12K
Total functional expensesLn 25$1.3M$754K$588K$2K

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 Viewing $1.1M$1.3M−$208K−$437K 990 PDF
FY2022 $1.4M$1.1M$245K−$276K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,136,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $702,571$302,805
I-9 Program service revenuePrior year $670,551$801,572
I-10 Investment income$0
I-11 Other revenuePrior year $4,376$32,198
I-12 Total revenuePrior year $1,377,498$1,136,575
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $699,248$904,384
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $433,184$440,296
I-18 Total expensesPrior year $1,132,432$1,344,680
I-19 Revenue less expensesPrior year $245,066−$208,105
Part VI · Governance 6 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
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 $1,136,575 across 7 lines filed
Lines not itemized here account for $1,826 of total revenue; see the IRS return.
VIII-1c Fundraising events$104,511
VIII-1f All other contributions, gifts and grants$198,294
VIII-1h Total contributions, gifts and grants$302,805
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $809,572$801,572
VIII-8 Net income from fundraising events$28,236
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$2,136
VIII-12 Total revenueRelated to mission $809,572$1,136,575
Part IX · Statement of functional expenses $1,344,680 across 30 lines filed
IX-1 Grants to domestic organizations$0
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 staffPrograms $84,315$84,315
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $394,337 · Management $327,740$722,077
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $26,604 · Management $2,992$29,596
IX-10 Payroll taxesPrograms $39,816 · Management $28,580$68,396
IX-11a Management fees$0
IX-11b Legal feesManagement $50,893$50,893
IX-11c Accounting feesPrograms $960 · Management $14,341$15,301
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $44,615 · Management $79,279$123,894
IX-12 Advertising and promotionPrograms $43,467 · Management $292 · Fundraising $2,062$45,821
IX-13 Office expensesPrograms $1,421 · Management $6,120$7,541
IX-14 Information technologyPrograms $3,458 · Management $2,627$6,085
IX-15 Royalties$0
IX-16 OccupancyPrograms $15,583 · Management $35,500$51,083
IX-17 TravelPrograms $10,139 · Management $10,398$20,537
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $51$51
IX-23 InsurancePrograms $2,147 · Management $12,763$14,910
IX-24 Other expenses (24a–d)Programs $85,125 · Management $4,166$89,291
IX-24e All other expensesPrograms $2,403 · Management $12,486$14,889
IX-25 Total functional expensesPrograms $754,390 · Management $588,228 · Fundraising $2,062$1,344,680
Part X · Balance sheet $674,056 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $84,721$229,705
X-2 Savings and temporary cash investmentsStart of year $261,261$197,807
X-4 Accounts receivableStart of year $11,438$8,480
X-8 Inventories for sale or use$22,666
X-10c Land, buildings and equipment, netStart of year $156,985$215,350
X-15 Other assets$48
X-16 Total assetsStart of year $514,405$674,056
X-17 Accounts payable and accrued expensesStart of year $24,049$11,304
X-24 Unsecured notes and loans payableStart of year $516,090$849,987
X-26 Total liabilitiesStart of year $790,139$1,111,291
X-27 Net assets without donor restrictionsStart of year −$275,734−$437,235
X-32 Total net assets or fund balancesStart of year −$275,734−$437,235
X-33 Total liabilities and net assetsStart of year $514,405$674,056
Part XI · Reconciliation of net assets −$437,235 net assets at year end
XI-1 Total revenue$1,136,575
XI-2 Total expenses$1,344,680
XI-3 Revenue less expenses−$208,105
XI-4 Net assets at start of year−$275,734
XI-9 Other changes in net assets$46,604
XI-10 Net assets at end of year−$437,235

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

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