Cambridge Classical Academy EIN 82-3219284 Form 990 (PDF) Claim this org

Cambridge Classical Academy

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Inspiring students and families with faith-based education in Chicago. For fiscal year 2023 it reported $448K in revenue, $606K in expenses, and $13K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
www.cambridgeclassicalacademy.org
Filings
4 on file (2020–2023)
Revenue
$448KFY2023
Expenses
$606K
Net assets
$13K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-3219284 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspiring students and families with faith-based education in Chicago.
Leadership
Esther Williams · Secretary
Money in and out
$448K revenue, $606K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$448K
Pt VIII · Ln 12
Total expenses
$606K
Pt IX · Ln 25
Net assets
$13K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$159K
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
0.3mo
months of highly liquid reserves at operating expense rate▼ -94% vs prior filing year
Surplus margin
-35%
revenue over expenses, this year▼ -191% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$448K
FY2023▼ -28%
Expenses
$606K
FY2023▲ +60%
Total assets
$13K
FY2023▼ -93%
Total liabilities
$0
FY2023
Total revenue
$448K
Pt VIII · Ln 12
Total expenses
$606K
Pt IX · Ln 25
Net assets
$13K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$159K
Total assetsPt X · Ln 16$13K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $606K of program spending, described in the organization's own filed words · FY2022.
01

Cambridge Classical Academy is a Christ-centered independent school that seeks to provide students with a rigorous, classical education that will prepare them for the world that awaits them, teaching them how to think, and encouraging them to know and understands the heart of God.

$606Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCambridge Classical Academy
EINHdr · item D82-3219284
Principal addressHdr · item CChicago, IL
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFOct 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
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
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$448K
Total revenueLn 12$448K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$606K
Total functional expensesLn 25$606K

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$13K
Total liabilitiesLn 26$0
Total net assetsLn 32$13K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13K · Operating expenses/yr $606K
0.3 months
Where the money goes
Program services
Program services $606K · Total expenses $606K
100%
Management & General
Management & general $0 · Total expenses $606K
0%
Fundraising
Fundraising $0 · Total expenses $606K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $531K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $448K · Total revenue $448K
100%
Government reliance
Government grants — · Total revenue $448K
Earned-income share
Program service revenue $0 · Total revenue $448K
0%
Investment reliance
Investment income $0 · Total revenue $448K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $606K
0%
Growth & trend
Revenue growth (YoY)
This year $448K · Prior year $622K
-28%
Net-asset trend (YoY)
End of year $13K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $448K · Expenses $606K
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $13K
Net-asset ratio
Net assets $13K · Total assets $13K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Esther Williams · Reported title Secretary · Highest reported compensation $0 · Total expenses $606K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $238K · Total expenses $606K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -28%

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 · FY2024
Bright PromiseFY2024$16K
Total grants receivedfrom 2 funders$92K

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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)$448K revenue · viewing · ⤓ 990 PDF
FY2022$622K revenue · ⤓ 990 PDF
FY2021$522K revenue · ⤓ 990 PDF
FY2020$318K 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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