2024-10-30T09:39:28-04:00 2024-06-30 561137607 JAMES A LUCAS AND COMPANY LLP 4909 WESTERN BLVD STE 200 RALEIGH NC 27606 990 2023-07-01 560862396 WAKE CHRISTIAN ACADEMY INC WAKE 9197726264 5500 WAKE ACADEMY DRIVE RALEIGH NC 27603 MARK SWICEGOOD CHAIRMAN 9193340990 2024-10-17 true true JOELLEN H WILKES P00181775 9198514696 2024-10-21 2023 2024-10-15 13:58:12Z WILLIAM M WOODS 5500 WAKE ACADEMY DRIVE RALEIGH NC 27603 11243360 false X WWW.WAKECHRISTIANACADEMY.COM X 1966 NC WAKE CHRISTIAN ACADEMY, INC. IS A SCHOOL WHOSE MISSION IS TO PARTNER WITH THE CHRISTIAN HOME AND THE CHURCH TO PROVIDE A CHRIST-CENTERED, QUALITY EDUCATION AND TO PROCLAIM THE GOOD NEWS OF JESUS CHRIST. 8 8 219 160 0 1108646 824780 9136546 10050453 -87676 272896 41147 41290 10198663 11189419 211721 218686 0 5640964 6382844 0 77508 3137767 3267135 8990452 9868665 1208211 1320754 13597428 14804114 301920 187848 13295508 14616266 TO PARTNER WITH THE CHRISTIAN HOME AND CHURCH TO PROVIDE A CHRIST-CENTERED, QUALITY EDUCATION AND TO PROCLAIM THE GOOD NEWS OF JESUS CHRIST. false false 7073746 218686 10050453 WAKE CHRISTIAN ACADEMY, INC. AN EDUCATIONAL INSTITUTION, PROVIDED QUALITY, CHRIST-CENTERED EDUCATION FOR STUDENTS IN THE WAKE COUNTY/RALEIGH AREA (KINDERGARTEN THROUGH GRADE 12). THE ENROLLMENT FOR THE YEAR WAS 925 AS OF SEPTEMBER 1, 2023. 7073746 true true false false false false false false false true true false false false true true false false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 9 0 true 219 true false false false false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false NC X WILLIAM M WOODS 9197726264 5500 WAKE ACADEMY DRIVE RALEIGH NC 276034197 WILLIAM M WOODS EXECUTIVE SE 40.00 X X 151645 0 12169 BRENT GORE 1ST VICE PRE X X 0 0 0 CHARLES JONES DIRECTOR X 0 0 0 MIKE LARSEN 2ND VICE PRE X X 0 0 0 MICHAEL LUETHY DIRECTOR X 0 0 0 DR BARRETT MARTIN DIRECTOR X 0 0 0 ABRAM MERCEDES DIRECTOR X 0 0 0 MARK SWICEGOOD CHAIRMAN X X 0 0 0 DAVID THERIT DIRECTOR X 0 0 0 151645 12169 1 false true false 824780 21248 824780 TUITION, FEES AND ACTIVITIES 10050453 10050453 10050453 305610 32192 273418 9965 9965 9965 9965 4500 37214 -32714 -32714 -32714 45052 16727 28325 28325 BAD DEBT RECOVERY 2875 2875 RETURNED CHECK CHARGES 125 125 3000 11189419 10052931 311708 X 218686 218686 192519 162315 12169 18035 5226673 3511408 1695178 20087 61202 43721 17024 457 556388 384138 168236 4014 346062 235114 108491 2457 23800 16170 7461 169 5881 4024 1857 51165 35012 16153 49638 33967 15671 6386 4370 2016 7605 6084 1293 228 378658 259117 119541 90201 61574 28408 219 SUPPLIES 454120 310754 143366 REPAIRS AND MAINTENANCE 348055 238174 109881 BOOKS AND CURRICULUM 278093 278093 CAFETERIA & SNACK BAR 274993 267812 7181 1298540 1003213 263485 31842 9868665 7073746 2717411 77508 882818 756310 3713804 4044618 11008 11116258 5585646 5143546 5530612 3759011 4391336 833 417 86408 80821 13597428 14804114 301920 187848 301920 187848 X 13215008 14364334 80500 251932 13295508 14616266 13597428 14804114 X 1320754 4 X true X false true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 50000 642 6206 50000 50000 747 5564 50000 50000 1006 4817 50000 1.00000 false false 1630194 1630194 4158873 2172941 1985932 2877381 2027622 849759 2449810 1385083 1064727 5530612 CREDIT CARD AND OTHER PAYABLE 76635 LOAN 1928 SIMPKINS 46164 403 B WITHHOLDING PAYABLE 45135 LEASE LIABILITIES 19733 SECURITY DEPOSITS 100 SALES TAX PAYABLE 81 187848 X SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPALS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 THE SCHOOL'S WEBSITE CONVEYS THE SCHOOL'S NONDISCRIMINATORY POLICY. DURING THE PRE-REGISTRATION AND REGISTRATION PROCESS, STUDENTS AND FAMILIES ARE MADE AWARE OF THE NONDISCRIMINATION POLICY. SUPER SATURDAY 28127 28127 7728 GOLF TOURNAMENT 16925 16925 8999 45052 45052 16727 16727 28325 true TUITION FINANCIAL AID 111 218686 SCHEDULE I, PAGE 1, PART I, LINE 2 ORGANIZATION PROVIDES TUITION ASSISTANCE IN THE FORM OF FINANCIAL AID TO STUDENTS WHO MEET A SPECIFIC SET OF CRITERIA. THE TUITION IS DISCOUNTED BY THE SCHOOL AND NO PAYMENTS ARE MADE TO INDIVIDUALS. X false false false false false false false false false WILLIAM M WOODS EXECUTIVE SECRETARY 151645 3150 9019 163814 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PRESENTED AT A BOARD MEETING AND IS MADE A PART OF THE MINUTES. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS WITH CONFLICTS ARE NOT ALLOWED TO VOTE ON ANY ISSUE THAT IS SUBJECT TO A CONFLICT. THE BOARD AND ADMINISTRATION REVIEW THE CONFLICT OF INTEREST STATEMENTS. FORM 990, PAGE 6, PART VI, LINE 15A THE ADMINISTRATORS' SALARY IS REVIEWED AND SET BY THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 15B SALARIES FOR THESE EMPLOYEES ARE PRESENTED FOR REVIEW BY THE BOARD. THE BOARD FOLLOWS THE GUIDELINES THAT ARE SET EACH YEAR AS A PART OF THE FORECAST/TUITION SETTING PROCESS. THE BOARD ALSO REVIEWS AND COMPARES TO WAKE COUNTY TEACHER SALARY SCALES EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S PARENT/STUDENT HANDBOOK IS AVAILABLE ON THE SCHOOL'S WEBSITE AND PARENTS AND STUDENTS ARE SUPPOSED TO READ IT AND REMIT A SIGNED FORM EACH YEAR ACKNOWLEDGING THEY DID SO. OTHER INFORMATION IS NOT POSTED FOR THE PUBLIC. FORM 990, PART IX, LINE 24E TELEPHONE & UTILITIES 124,733 57,545 0 ATHLETICS 177,473 0 0 JANITORIAL SERVICE AND SU 111,251 23,641 4,172 COMPUTER SERVICES AND SUP 77,884 35,931 0 YEARBOOK 80,323 0 0 CONTRACT LABOR 38,968 17,978 0 FEES PAID 0 55,434 0 EDUCATION AND TUITION BEN 52,947 0 0 DUES AND SUBSCRIPTIONS 35,547 16,399 0 CLASS ACTIVITIES 49,131 0 0 TESTING 33,729 0 0 MISSIONS 32,603 0 0 BANQUET 30,525 0 0 FUNDRAISING EXPENSES 0 0 27,670 PAYROLL PROCESSING FEES 18,491 8,531 0 AUTOMOBILE EXPENSES 24,381 0 0 EQUIPMENT RENTAL 15,527 7,163 0 AWARDS 19,170 0 0 CONSULTING 18,119 0 0 BANK SERVICE CHARGES 0 17,489 0 GIFTS AND GOODWILL 11,885 5,483 0 CAMPS 11,918 0 0 TAXES AND LICENSES 7,557 3,486 0 PROFESSIONAL FEES 6,220 2,869 0 AMORTIZATION 5,844 2,696 0 BAD DEBT EXPENSE 7,285 0 0 ADMINISTRATIVE FEES 0 6,894 0 LIBRARY BOOKS AND SUPPLIE 3,539 0 0 ACADEMIC COMPETITIONS 3,447 0 0 CHAPEL EXPENSE 3,121 0 0 CONTRIBUTIONS 1,050 0 0 LEGAL FEES 0 883 0 MISCELLANEOUS EXPENSE 0 540 0 TRAINING 288 133 0 ENVIRONMENTAL EXPENSE 0 390 0 STUDENT COUNCIL PROGRAM 257 0 0 TOTAL 1,003,213 263,485 31,842 FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 4