2024-01-26T09:53:32-05:00 2023-07-31 611291670 HARROD & ASSOCIATES 2 HMB CIRCLE A FRANKFORT KY 406012351 990 2022-08-01 611285285 FRANKFORT CHRISTIAN ACADEMY INC FRAN 5026950744 1349 US HWY 421 S FRANKFORT KY 40601 BRUCE SCOTT CHAIR 5026950744 2024-01-11 true BRUCE SCOTT 999009999 true DAVID R HARROD CPA P00875654 5026957300 2024-01-11 2022 2023-04-26 12:10:37Z BRUCE SCOTT 4221947 false X WWW.FRANKFORTCHRISTIAN.ORG X 1995 KY THE FRANKFORT CHRISTIAN ACADEMY IS STRUCTURED TO PROVIDE A CREATIVE, LOVING, ACADEMIC ENVIRONMENT FOR CHILDREN TO GROW SOCIALLY, EMOTIONALLY, PHYSICALLY, ACADEMICALLY AND SPIRITUALLY. THIS IS ACHIEVED THROUGH INDIVIDUAL AND GROUP LEARNING EXPERIENCES UNDER THE GUIDANCE AND NUTURE OF CAREFULLY CHOSEN CHRISTIAN TEACHERS AND ADMINISTRATORS. 10 10 83 15 0 83153 144564 2323574 2353107 564 1841 392338 1567293 2799629 4066805 0 0 1746270 1889487 0 11221 826669 908604 2572939 2798091 226690 1268714 4281372 5554080 2221558 2225552 2059814 3328528 X THE FRANKFORT CHRISTIAN ACADEMY IS STRUCTURED TO PROVIDE A CREATIVE, LOVING, ACADEMIC ENVIRONMENT FOR CHILDREN TO GROW SOCIALLY, EMOTIONALLY, PHYSICALLY, ACADEMICALLY AND SPIRITUALLY. THIS IS ACHIEVED THROUGH INDIVIDUAL AND GROUP LEARNING EXPERIENCES UNDER THE GUIDANCE AND NUTURE OF CAREFULLY CHOSEN CHRISTIAN TEACHERS AND ADMINISTRATORS. false false 2651827 2353107 NONDENOMINATIONAL CHRISTIAN BASED SCHOOL FOR GRADES K THROUGH 12. ENROLLMENT STANDS AT APPROXIMATELY 300 STUDENTS. THE ACADEMY STRIVES TO PROVIDE A QUALITY CHRISTIAN BASED EDUCATION FOR ITS STUDENTS. 2651827 true true false false false false false false false false true false false true true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 83 true false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false KY X THE FRANKFORT CHRISTIAN ACADEMY IN 5026950744 1349 US HWY 421 S FRANFORT KY 40601 X BRUCE SCOTT CHAIR X 0 0 0 ALLEN SWEENEY VICE-CHAIR X 0 0 0 JASON JOHNSON TREASURER X 0 0 0 LESLEY BILBY SECRETARY X 0 0 0 DR AMY SMITH BOARD MEMBER X 0 0 0 PAOLA ROE BOARD MEMBER X 0 0 0 LINDA PERKINS BOARD MEMBER X 0 0 0 DR ARTHUR NITZ BOARD MEMBER X 0 0 0 DR DANIEL MOORE BOARD MEMBER X 0 0 0 JASON GRIBBINS BOARD MEMBER X 0 0 0 false false false 144564 144564 TUITION & FEES 1768931 1768931 SUSTAINMENT FUNDS 143213 143213 FIELD TRIP INCOME 129502 129502 LUNCH PROGRAM 91911 91911 SPORTS & CLUB INCOME 73779 73779 145771 145771 2353107 1841 1841 571451 155142 416309 416309 416309 9274 9274 EMPLOYEE RETENTION CREDIT 985538 985538 INSURANCE PROCEEDS 142940 142940 MISCELLANEOUS 13232 13232 1141710 4066805 3911126 1841 1674945 1591198 83747 91348 86781 4567 123194 117034 6160 20908 20908 11221 11221 10660 10660 20661 20661 36984 36984 60645 60645 157460 157460 6357 6357 XTREME WEEK EXPENSE 99828 99828 SPORTS/CLUB EXPENSES 84632 84632 TELEPHONE 78015 78015 EDUCATION DEVELOPMENT 69836 69836 251397 238093 13304 2798091 2651827 135043 11221 508116 620280 20611 38148 2119 16724 6420569 2535463 3744751 3885106 5775 993822 4281372 5554080 138607 211964 411150 445118 1671801 1568470 2221558 2225552 X 1944561 3282964 115253 45564 2059814 3328528 4281372 5554080 1268714 X true X false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182097 182097 5754967 5754967 483505 2535463 -2051958 3885106 EMPLOYEE RETENTION CREDIT RECEIVABLE 985538 CITY OF FRANKFORT REFUND RECEIVABLE 8284 993822 CITY NATIONAL BANK NOTE PAYABLE 1568470 1568470 X SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY IF THE ACADEMY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMY, AND HAS CONCLUDED THAT AS OF JULY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, 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 false false true SCHEDULE E, LINE 3 EMPLOYMENT APPLICATIONS, STUDENT APPLICATIONS, HANDBOOKS POLICIES AND PROCEDURES, ETC. ALL CONTAIN WORDING THAT THE ACADEMY DOES NOT DISCRIMINATE. FORM 990 - ORGANIZATION'S MISSION THE FRANKFORT CHRISTIAN ACADEMY IS STRUCTURED TO PROVIDE A CREATIVE, LOVING, ACADEMIC ENVIRONMENT FOR CHILDREN TO GROW SOCIALLY, EMOTIONALLY, PHYSICALLY, ACADEMICALLY AND SPIRITUALLY. THIS IS ACHIEVED THROUGH INDIVIDUAL AND GROUP LEARNING EXPERIENCES UNDER THE GUIDANCE AND NUTURE OF CAREFULLY CHOSEN CHRISTIAN TEACHERS AND ADMINISTRATORS. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS MADE AVAILABLE TO THE BOARD, REVIEWED AND DISCUSSED PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE TO THE AUDIT COMMITTEE ANY FINANCIAL OR OTHER RELATIONSHIPS WITH SUPPLIERS, CLIENTS OR COMPETITORS THAT THEY MAY HAVE AND THE REASONS THEY BELIEVE SUCH RELATIONSHIP WOULD NOT VIOLATE THE CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER MUST SIGN A STATEMENT INDICATING HIS KNOWLEDGE OF THE CONFLICT OF INTEREST POLICY AND WILLINGNESS TO ADHERE TO THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD HIRES THE PRINCIPAL ASSURING THAT THERE IS NO CONFLICT OF INTEREST BETWEEN THE PRINCIPAL AND THE SCHOOL. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING OF THE COMPENSATION ARRANGEMENT ARE MAINTAINED AND THE USE OF DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IS USED IN THE PROCESS. THE BOARD ALSO OVERSEES AND APPROVES ALL OTHER EMPLOYEE SALARIES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD ALSO OVERSEES AND APPROVES ALL OTHER EMPLOYEE SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST THE ORGANIZATION WILL FURNISH ITS GOVERNING DOCUMENTS POLICIES AND PROCEDURES AND FINANCIAL STATEMENTS.