Nonprofit · EIN 47-2105861
CLEAR LAKE CLASSICAL INCORPORATED
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,697,046 | $1,607,251 | $89,795 | $2,576,735 | $985,647 | $1,591,088 |
| June 30, 2024 | 990 | $2,195,041 | $1,294,742 | $900,299 | $2,703,746 | $1,202,453 | $1,501,293 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $273,981
- Program service revenue
- $1,221,826
- Investment income
- $168,481
- Net rental income
- $5,968
- Net gain from sales of assets
- $152,587
- Other revenue
- $32,758
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $930,551
- Salaries, compensation and benefits (total)
- $1,027,997
- Professional fundraising fees
- $0
- Legal fees
- $10,305
- Occupancy
- $93,880
- Depreciation
- $83,800
- Program services (functional)
- $1,280,844
- Management and general (functional)
- $326,407
Balance sheet and other
- Total assets, start of year
- $2,703,746
- Total assets, end of year
- $2,576,735
- Total liabilities, end of year
- $985,647
- Net assets, end of year
- $1,591,088
- Land, buildings and equipment
- $2,176,357
- Net assets without donor restrictions
- $1,583,801
- Net assets with donor restrictions
- $7,287
- Gross receipts
- $1,894,459
- Employees
- 48
- Volunteers
- 11
- Year formed
- 2014
- State of legal domicile
- IA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN LUND | BOARD MEMBER Trustee or director | 3 | $15,250 |
| DR RENEE DIAMOND | BOARD MEMBER Trustee or director | 3 | $0 |
| CORY J GERDTS | ADMIN DIRECT Trustee or director | 3 | $0 |
| ANDREA JOHNSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| GREG NICHOLAS | TREASURER Trustee or director, Officer | 5 | $0 |
| ALEX OLSON | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ANDREW STUPKA | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR RENEE DIAMOND | VICE CHAIR Trustee or director | 3 | $0 |
| CORY J GERDTS | HEADMASTER Trustee or director, Officer | 40 | $0 |
| GABE HAUGLAND | SECRETARY Trustee or director | 3 | $0 |
| BRIAN LUND | SECRETARY Trustee or director, Officer | 3 | $0 |
| GREG NICHOLAS | TREASURER Trustee or director, Officer | 10 | $0 |
| ALEX OLSON | CHAIRMAN Trustee or director | 15 | $0 |
| ANDREW STUPKA | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 408 MARS HILL DR, CLEAR LAKE, IA 50428-1341
- Mailing address (990-N for 2014)
- Highway 18 West, Clear Lake IA 50428
- Principal officer (990 for 2024)
- CORY J GERDTS, 5324 LAKEVIEW DRIVE, CLEAR LAKE, IA 50428
- Principal officer (990-N for 2014)
- Cory Gerdts, 113 Lakeview Meadows Court, Clear Lake IA 50428
- Signed the 990
- CORY J GERDTS, ADMIN DIRECTOR
- Phone
- (515) 422-6717
- Website
- clearlakeclassical.org
- Return prepared by
- HOGAN - HANSEN PC
Mission
CLEAR LAKE CLASSICAL IS A PRIVATE SCHOOL COMMITTED TO PROVIDING A CLASSICAL AND BIBLICALLY-BASED EDUCATION TO YOUNG PEOPLE IN PRIMARY AND SECONDARY GRADE LEVELS.
Program accomplishments
- TO EDUCATE STUDENTS WITH AN EMPHASIS ON GRAMMAR, LOGIC AND RHETORIC IN ALL SUBJECTS.Expenses $1,280,844 · revenue $1,221,826
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2105861
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21)
- Assets (IRS master file)
- $2,576,735
- Income (IRS master file)
- $1,894,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,697,046 | $1,607,251 | $2,576,735 | XML |
| 990 | June 2024 | $2,195,041 | $1,294,742 | $2,703,746 | XML |
| 990 | June 2023 | $754,712 | $717,245 | $600,994 | IRS |
| 990 | June 2022 | $964,646 | $631,501 | $563,527 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2014 Officer: Cory Gerdts | June 30, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2105861).
Questions about CLEAR LAKE CLASSICAL INCORPORATED
- What is the EIN of CLEAR LAKE CLASSICAL INCORPORATED?
- The employer identification number (EIN) of CLEAR LAKE CLASSICAL INCORPORATED is 47-2105861.
- Is CLEAR LAKE CLASSICAL INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to CLEAR LAKE CLASSICAL INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLEAR LAKE CLASSICAL INCORPORATED 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 CLEAR LAKE CLASSICAL INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEAR LAKE CLASSICAL INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CLEAR LAKE CLASSICAL INCORPORATED?
- The 990 for the year ended June 30, 2025 names CORY J GERDTS.
- Who are the officers and directors of CLEAR LAKE CLASSICAL INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $15,250 (BRIAN LUND, BOARD MEMBER).
- How much revenue does CLEAR LAKE CLASSICAL INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,697,046, expenses of $1,607,251 and total assets of $2,576,735 at year end.
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- CLEAR LAKE CHAMBER OF COMMERCE EIN 42-0478075 · last filed 990 for 2024
- J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION EIN 87-3928548 · last filed 990-PF for 2024