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Nonprofit · EIN 20-5927709

CHRISTIAN ACADEMY OF MADISON INC

Tax-exempt · MADISON, IN 47250

Financials

$1.1M$967K2023$1.4M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of CHRISTIAN ACADEMY OF MADISON INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,426,971$1,205,592$221,379$472,407$2,440$469,967
December 31, 2023990$1,105,846$966,502$139,344$252,828$1,379$251,449
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$98,147
of which government grants
$40,157
Program service revenue
$1,241,179
Investment income
$0
Other revenue
$87,645

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$643,422
Salaries, compensation and benefits (total)
$703,609
Professional fundraising fees
$0
Accounting fees
$4,925
Occupancy
$240,950
Depreciation
$2,373
Program services (functional)
$1,205,592

Balance sheet and other

Total assets, start of year
$252,828
Total assets, end of year
$472,407
Total liabilities, end of year
$2,440
Net assets, end of year
$469,967
Land, buildings and equipment
$15,535
Gross receipts
$1,426,971
Employees
44

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LEIGH CARTERSECRETARY
Trustee or director, Officer
–$0
DAVID GOSMANBOARD MEMBER
Trustee or director, Officer
–$0
ERIC GOSMANPRESIDENT
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
LEIGH CARTERSECRETARY
Trustee or director, Officer
–$0
DAVID GOSMANBOARD MEMBER
Trustee or director, Officer
–$0
ERIC GOSMANPRESIDENT
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
477 HUTCHINSON LN, MADISON, IN 47250-7830
In care of
% LISA GOSMAN
Principal officer (990 for 2024)
ERIC GOSMAN, 5138 N OLIVE BRANCH RD, MADISON, IN 47250
Signed the 990
ERIC GOSMAN, PRESIDENT
Phone
(812) 273-5000
Return prepared by
MCKAY ACCOUNTING SERVICE LLC

Mission

THE PRIMARY EXEMPT PURPOSE IS TO WORK COOPERATIVELY WITH THE STUDENT'S HOME AND CHURCH TO PROVIDE A BIBLICALLY-BASED, CHRIST-CENTERED LEARNING ENVIRONMENT WHICH PROMOTES SPRIRITUAL MATURITY, ACADEMIC EXCELLENCE AND PERSONAL GROWTH.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PRIMARY EXEMPT PURPOSE IS TO WORK OOPERATIVELY WITH THE STUDENT'S HOME AND CHURCH TO PROVIDE A BIBLICALLY-BASED, CHRIST-CENTERED LEARNING ENVIRONMENT WHICH PROMOTES SPIRITUAL MATURITY, ACADEMIC EXCELLENCE AND PERSONAL GROWTH.
    Expenses $1,205,592

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-5927709
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24)
Assets (IRS master file)
$472,407
Income (IRS master file)
$1,426,971

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,426,971$1,205,592$472,407XML
990December 2023$1,105,846$966,502$252,828XML
990December 2022$1,059,310$961,291$123,816IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5927709).

Questions about CHRISTIAN ACADEMY OF MADISON INC

What is the EIN of CHRISTIAN ACADEMY OF MADISON INC?
The employer identification number (EIN) of CHRISTIAN ACADEMY OF MADISON INC is 20-5927709.
Is CHRISTIAN ACADEMY OF MADISON INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to CHRISTIAN ACADEMY OF MADISON INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHRISTIAN ACADEMY OF MADISON INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CHRISTIAN ACADEMY OF MADISON INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHRISTIAN ACADEMY OF MADISON INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CHRISTIAN ACADEMY OF MADISON INC?
The 990 for the year ended December 31, 2024 names ERIC GOSMAN.
Who are the officers and directors of CHRISTIAN ACADEMY OF MADISON INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does CHRISTIAN ACADEMY OF MADISON INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,426,971, expenses of $1,205,592 and total assets of $472,407 at year end.

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