Castle Rock Christian Academy
Nonprofit profile at a glance
- EIN
- 851346613
- IRS 990 coverage
- 2020–2023
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2023
- Location
- Castle Rock, CO, United States
- Phone
- 720.598.2722
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $912,652
- Expenses
- $1,431,680
- Assets
- $57,531
- Liabilities
- $170,117
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JAMES M CALHOUN JR (President)
- JOSH KAIGHEN (Vice President)
Highest reported compensation
- JAMES M CALHOUN JR (President): $62,361 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Partnering with Christian families we provide a Christ-Centered education in a learning environment designed to equip students to become transformational servant leaders. Castle Rock Christian Academy** is launching a two-day K-5 hybrid program designed for homeschool families who want strong academics, a biblical worldview, meaningful partnership—and access to trusted educational support. **This is not simply a new program—it is a deeper expression of our mission to partner with Christian families in delivering a Christ-centered education that equips students to grow as servant leaders. _We are currently accepting inquires for possible enrollment for grades K-5th for 2026/27 school year. We have several ways to learn more and to see if our program is a good fit for your family._ Learn More Here.
What it reported doing in 2023
The specific purpose for which the corporation is organized is to operate a Christian K-12 school and to also engage in activities which are necessary, suitable or convenient for the accomplishment of that purpose, or which are incidental thereto or connected therewith which are consistent with Section 501(c)(3) of the Internal Revenue Code. This corporation is organized and operated exclusively for religious, educational, and charitable purposes within the meaning of Section 501(c)(3), Internal Revenue Code.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 94
- Accountability: 79
- Sustainability: 9
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -56.9%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.04; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 2.96; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 35% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 22.6% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 14.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 85.8% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $62K · 4 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2020 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.