2024-04-11T14:34:55-04:00 2023-05-31 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2022-06-01 823695813 FAITH ACADEMY FAIT 3193514860 1030 CROSS PARK AVE IOWA CITY IA 52240 CRAIG WELT SECRETARY 3193514980 2024-04-11 CRAIG WELT XXX-XX-XXXX false ROSS VANLAAR CPA P01532250 5156203050 2024-04-11 2022 2023-04-26 12:10:37Z DAVID ASPREY 1030 CROSS PARK AVE IOWA CITY IA 52240 1376055 false X FAITHACADEMYIOWA.ORG X 2017 IA THE OBJECTIVE OF FAITH ACADEMY SHALL BE TO PROVIDE A CHRIST-CENTERED EDUCATION, IN THE FORM OF FORMAL DAILY INSTRUCTION, TO LOW-INCOME STUDENTS IN THE IOWA CITY AREA. 9 9 31 65 0 1133590 1290242 56414 55845 7696 10899 9607 19069 1207307 1376055 0 0 709066 690585 0 27454 165853 224540 874919 915125 332388 460930 604933 1065863 0 604933 1065863 THE OBJECTIVE OF FAITH ACADEMY SHALL BE TO PROVIDE A CHRIST-CENTERED EDUCATION, IN THE FORM OF FORMAL DAILY INSTRUCTION, TO LOW-INCOME STUDENTS IN THE IOWA CITY AREA. false false 832765 55845 FAITH ACADEMY PROVIDED A QUALITY CHRIST-CENTERED EDUCATION TO OVER 93 K-6TH GRADE STUDENTS, HELPING 63 TO ACHIEVE PROFICIENCY IN READING. FAITH ACADEMY GRADUATED ITS FOURTH 6TH GRADE CLASS. 832765 true true false false false false false false false false true false false false false true false false true false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 2 0 31 true false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true false false true true false IA X RICH HOEFER 3193514860 1030 CROSS PARK AVE IOWA CITY IA 52240 X DOUG FERN EXECUTIVE DI 17.00 X X 0 0 0 DAVID ASPREY PRESIDENT 2.00 X X 0 0 0 MATT JOHNSON VICE PRESIDE 2.00 X X 0 0 0 RICHARD HOEFER TREASURER 15.00 X X 0 0 0 CRAIG WELT SECRETARY 2.00 X X 0 0 0 JILL SCHLOTT DIRECTOR 2.00 X 0 0 0 DANICE KEATING DIRECTOR 2.00 X 0 0 0 BRANDI RADCLIFFE DIRECTOR 2.00 X 0 0 0 MONIQUE WASHINGTON DIRECTOR 2.00 X 0 0 0 CYNTHIA UKAH DIRECTOR 2.00 X 0 0 0 false false false 239653 1050589 300000 1290242 ACADEMIC TUITION 611600 55845 55845 55845 10899 10899 COVID EXPENSE REIMBURSEMENT 611710 19069 19069 19069 1376055 85813 624001 567841 37440 18720 66584 60591 3995 1998 10689 9727 641 321 3049 2775 183 91 9557 8697 573 287 5469 4977 328 164 40915 37233 2455 1227 36579 33287 2195 1097 13996 12736 840 420 CURRICULUM AND SUPPLIES 27724 25229 1663 832 FOOD 23272 21178 1396 698 MISCELLANEOUS 19562 17801 1174 587 REPAIRS AND MAINTENANCE 11855 10788 711 356 21873 19905 1312 656 915125 832765 54906 27454 40456 50770 4056 1119 697477 36579 267984 660898 292437 353076 604933 1065863 0 0 X 604933 1065863 604933 1065863 604933 1065863 460930 X true X false true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 123486 3087 120399 273991 3492 270499 300000 30000 270000 660898 X SCHEDULE D, PAGE 3, PART X THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW, AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN LIMITATIONS PRESCRIBED BY THE CODE. THE ACADEMY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTION; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 A NOTICE OF NON-DISCRIMINATORY POLICY HAS NOT BEEN PUBLISHED IN A NEWSPAPER OF GENERAL CIRCULATION BECAUSE THAT IS NOT THE KEY WAY NEW/INFORMATION IS DISSEMINATED REGARDING FAITH ACADEMY. THE NON-DISCRIMINATION POLICY IS PUBLISHED ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE: WWW.FAITHACADEMYIOWA.ORG. SCHEDULE E, LINE 6 THE ACADEMY PERIODICALLY RECEIVED GOVERNMENTAL FINANCIAL AID TO HELP FUND OPERATIONS. X BLDG CONTENTS 1 300000 false false false FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEER NUMBERS WERE DETERMINED VIA THE OFFICE ADMINISTRATOR'S DOCUMENTATION OF ACTIVE VOLUNTEERS AND VOLUNTEER BACKGROUND CHECKS PERFORMED. FORM 990, PAGE 6, PART VI DOUG FERN, EXECUTIVE DIRECTOR/HEAD OF SCHOOL, AND CRYSTAL JOHNSON, DIRECTOR OF CURRICULUM AND INSTRUCTION, ARE EX-OFFICIO NON-VOTING MEMBERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 1A THE BOARD HAS 5 COMMITTEES AT PRESENT: LEADERSHIP, ACADEMIC/ACCREDITATION, FINANCE, FACILITIES AND DEVELOPMENT. ANY AUTHORITY TO COMMITTEES IS SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT WHO PROVIDES A DRAFT TO THE EXECUTIVE DIRECTOR, TREASURER, AND ONE ADDITIONAL DIRECTOR FOR REVIEW. ONCE APPROVED BY THESE THREE BOARD MEMBERS, THE FINAL DRAFT IS SUBMITTED TO THE FULL BOARD FOR REVIEW PRIOR TO THE BOARD MEETING AT WHICH A VOTE IS TAKEN TO APPROVE THE SIGNING AND FILING OF FORM 990. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REFERENCED BEFORE THE BOARD APPROVES ANY MAJOR PURCHASE, AND REVIEWS EXPENSES TO ENSURE THAT NO PROHIBITED TRANSACTIONS TOOK PLACE. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS, WHO UTILIZE BENCHMARKING DATA TO ASSIST IN SETTING AN APPROPRIATE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS, WHO UTILIZE BENCHMARKING DATA TO ASSIST IN SETTING AN APPROPRIATE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST.