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Impact Christian Academy

Tax-deductible

Buffalo, MN501(c)(3)EducationEIN 87-2901664Revenue $710K in FY2024

On file with the IRSimpactchristianacademymn.org1601 Highway 25 N, 55313-1931 · Buffalo, MNTax-exempt since Jul 2022School — 170(b)(1)(A)(ii)

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Impact Christian Academy (ica) exists to Impact the world for christ. Ica seeks to fulfill its mission of impacting the world for christ by partnering with parents in order to train students to be life-long learners and equip them with knowledge and wisdom that will prepare them with a solid faith foundation to serve god and their community

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $121K a year · 17% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$963
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$710K
-2% vs prior year
Spent
$749K
To programs
97%
Net assets
$314K
By yearFY2022–FY2024
Revenue
$710K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2022$106K
FY2023$721K
FY2024$710K
Expenses
$749K
FY2024▲ +70%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$441K
FY2024$749K
Net assets
$314K
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2022$72K
FY2023$353K
FY2024$314K

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $729K Management & general 3% · $20K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Greg Vennes
President
$0Pt VII · Sec A
Hans Hoeg
Vice Preside
$0Pt VII · Sec A
Bryan Vanthof
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Pam Anderson
Director
$0Pt VII · Sec A
Joel Sweiton
Director
$0Pt VII · Sec A
See Impact Christian Academy 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 15aNo

Programs and updates

Educates students with a strong faith foundation to serve God and community.

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Provided by the organization

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1 program · $729K · in their own filed words · FY2023
01

To serve god, parents and student in providing an education that prepares students to serve god in their homes, their churches, their communities, and their world

$729Kprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$13K
Natl Christian Charitable Fdn INCFY2024$8K
Total grants receivedfrom 2 funders$21K
Grants paid · 1 grant · $20K · 2022–2022
Buffalo Covenant ChurchFY2022$20,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$710K
Ln 12
Fees for servicesLn 2g$521K
Gifts and grantsLn 1h$174K
Investment incomeLn 3$16K
Money outPt IX
$749K
Ln 25
Programscol B$729K
Managementcol C$20K
Owns and owesPt X
$314K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$315K
LiabilitiesLn 26$963
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$174K
Fundraising eventsLn 1c$600
Fees for servicesLn 2g$521K
Investment incomeLn 3$16K
Total revenueLn 12$710K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
InvestmentsLn 11–13$304K
Total assetsLn 16$315K
LiabilitiesLn 26$963
Net assetsLn 32$314K
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$82K$12K
InvestmentsLn 11–13$308K$304K
Total assetsLn 16$390K$315K
LiabilitiesLn 26$37K$963
Net assetsLn 32$353K$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$487K$487K
Payroll taxesLn 10$37K$37K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$900$900
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$26K$26K
Information technologyLn 14$11K$3K$8K
OccupancyLn 16$69$69
InsuranceLn 23$7K$3K$3K
Other expenses (24a–d)Ln 24$139K$139K
All other expensesLn 24e$14K$14K$731
Total functional expensesLn 25$749K$729K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $710K$749K−$39K$314K 990 PDF
FY2023 $721K$441K$281K$353K 990 PDF
FY2022 $106K$72K 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 FY2024 990 (6 parts)
Part I · Summary $710,200 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $260,134$173,824
I-9 Program service revenuePrior year $447,145$521,174
I-10 Investment incomePrior year $3,421$16,402
I-11 Other revenuePrior year $10,582−$1,200
I-12 Total revenuePrior year $721,282$710,200
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $282,188$523,607
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $138,518$225,158
I-18 Total expensesPrior year $440,706$748,765
I-19 Revenue less expensesPrior year $280,576−$38,565
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $710,200 across 7 lines filed
Lines not itemized here account for $6,905 of total revenue; see the IRS return.
VIII-1c Fundraising events$600
VIII-1f All other contributions, gifts and grants$173,224
VIII-1h Total contributions, gifts and grants$173,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $514,269$514,269
VIII-3 Investment incomeRelated to mission $16,402$16,402
VIII-8 Net income from fundraising events−$1,200
VIII-12 Total revenueRelated to mission $16,402 · Excluded from tax $521,174$710,200
Part IX · Statement of functional expenses $748,765 across 12 lines filed
IX-7 Other salaries and wagesPrograms $486,665$486,665
IX-10 Payroll taxesPrograms $36,942$36,942
IX-11b Legal feesManagement $7,318$7,318
IX-11c Accounting feesManagement $900$900
IX-11g Other fees for servicesPrograms $3,505$3,505
IX-12 Advertising and promotionPrograms $15,858$15,858
IX-13 Office expensesPrograms $26,130$26,130
IX-14 Information technologyPrograms $3,177 · Management $7,790$10,967
IX-16 OccupancyPrograms $69$69
IX-23 InsurancePrograms $3,410 · Management $3,411$6,821
IX-24 Other expenses (24a–d)Programs $139,252$139,252
IX-24e All other expensesPrograms $13,607 · Management $731$14,338
IX-25 Total functional expensesPrograms $728,615 · Management $20,150 · Fundraising $0$748,765
Part X · Balance sheet $315,463 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $81,668$11,663
X-12 Other securitiesStart of year $308,399$303,800
X-16 Total assetsStart of year $390,067$315,463
X-19 Deferred revenueStart of year $37,002$963
X-26 Total liabilitiesStart of year $37,002$963
X-27 Net assets without donor restrictionsStart of year $353,065$314,263
X-28 Net assets with donor restrictions$237
X-32 Total net assets or fund balancesStart of year $353,065$314,500
X-33 Total liabilities and net assetsStart of year $390,067$315,463
Part XI · Reconciliation of net assets $314,500 net assets at year end
XI-1 Total revenue$710,200
XI-2 Total expenses$748,765
XI-3 Revenue less expenses−$38,565
XI-4 Net assets at start of year$353,065
XI-10 Net assets at end of year$314,500

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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