Cook Inlet Academy

Tax-deductible

Soldotna, AK501(c)(3)Since 1972EIN 92-0044822

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Christian school

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 40 volunteers and 54 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 5
filings with a surplus
Average deficit $1K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 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
$66K
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
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$81K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+20% vs prior year
Spent
$1.2M
To programs
91%
Net assets
$860K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +20%
Revenue by fiscal year
FY2020$873K
FY2021$906K
FY2022$1.3M
FY2023$1.3M
FY2024$1.1M
FY2024$1.3M
Expenses
$1.2M
FY2024+0.3%
Expenses by fiscal year
FY2020$811K
FY2021$907K
FY2022$1.2M
FY2023$1.3M
FY2024$1.2M
FY2024$1.2M
Net assets
$860K
FY2024▲ +14%
Net assets by fiscal year
FY2020$818K
FY2021$817K
FY2022$872K
FY2023$862K
FY2024$751K
FY2024$860K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1975.

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% · $1.1M Management & general 8% · $99K Fundraising 1% · $9K

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; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrator
$65,502Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Gary Leiter——$66,002$66,480$20,675—
Virginia Hagedorn$65,502$54,662————
Ronald Gherman—————$51,608
Ginni Hagedorn————$17,644—

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.

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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

Programs and updates

Cook Inlet Academy is a nonprofit based in Soldotna, AK, formed in 1972.

Provided by the organization

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

Christian School

To provide well-rounded educational instruction in a christian environment

$1.1Mprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$45K
Gifts and grantsLn 1h$43K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$99K
Fundraisingcol D$9K
Owns and owesPt X
$860K
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$941K
LiabilitiesLn 26$81K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$829
Other incomeLn 4–11$45K
Gains on assetsLn 7$0
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$240K
SavingsLn 2$114K
Cash and savings togetherLn 1–2$354K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$529K
Other assetsLn 15$57K
Total assetsLn 16$941K
LiabilitiesLn 26$81K
Net assetsLn 32$860K
OperationsPt I, VI
EmployeesI 554
VolunteersI 640
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$224K$354K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$549K$529K
Total assetsLn 16$830K$941K
LiabilitiesLn 26$79K$81K
Net assetsLn 32$751K$860K
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$66K$49K$16K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$693K$628K$65K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$58K$52K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$12K$11K$1K
Information technologyLn 14$6K$6K$649
RoyaltiesLn 15$0
OccupancyLn 16$46K$43K$2K
TravelLn 17$0
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$38K$36K$2K
InsuranceLn 23$36K$34K$2K
Other expenses (24a–d)Ln 24$211K$211K
All other expensesLn 24e$40K$28K$4K$9K
Total functional expensesLn 25$1.2M$1.1M$99K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$1.2M−$111K$751K 990 PDF
FY2023 $1.3M$1.3M−$9K$862K 990 PDF
FY2022 $1.3M$1.2M$54K$872K 990 PDF
FY2021 $906K$907K−$880$817K 990 PDF
FY2020 $873K$811K$62K$818K 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 (4 parts)
Part VIII · Statement of revenue $1,313,837 across 9 lines filed
Lines not itemized here account for $12,903 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$42,992
VIII-1h Total contributions, gifts and grants$42,992
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,225,397$1,225,397
VIII-3 Investment incomeExcluded from tax $829$829
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $31,716$31,716
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,225,397 · Unrelated business $12,903 · Excluded from tax $32,545$1,313,837
Part IX · Statement of functional expenses $1,205,217 across 31 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 $49,126 · Management $16,375$65,501
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $627,575 · Management $65,085$692,660
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $51,768 · Management $6,232$58,000
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $10,874 · Management $1,208$12,082
IX-14 Information technologyPrograms $5,843 · Management $649$6,492
IX-15 Royalties$0
IX-16 OccupancyPrograms $43,423 · Management $2,285$45,708
IX-17 Travel$0
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 amortizationPrograms $36,374 · Management $1,914$38,288
IX-23 InsurancePrograms $34,112 · Management $1,795$35,907
IX-24 Other expenses (24a–d)Programs $210,734$210,734
IX-24e All other expensesPrograms $27,645 · Management $3,662 · Fundraising $8,538$39,845
IX-25 Total functional expensesPrograms $1,097,474 · Management $99,205 · Fundraising $8,538$1,205,217
Part X · Balance sheet $941,111 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $94,955$240,039
X-2 Savings and temporary cash investmentsStart of year $129,123$114,263
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $200$250
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $549,068$529,449
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $57,110$57,110
X-16 Total assetsStart of year $830,456$941,111
X-17 Accounts payable and accrued expensesStart of year $1,461$9,504
X-19 Deferred revenueStart of year $77,916$71,908
X-26 Total liabilitiesStart of year $79,377$81,412
X-27 Net assets without donor restrictionsStart of year $751,079$859,699
X-32 Total net assets or fund balancesStart of year $751,079$859,699
X-33 Total liabilities and net assetsStart of year $830,456$941,111
Part XI · Reconciliation of net assets $859,699 net assets at year end
XI-1 Total revenue$1,313,837
XI-2 Total expenses$1,205,217
XI-3 Revenue less expenses$108,620
XI-4 Net assets at start of year$751,079
XI-10 Net assets at end of year$859,699

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

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