Chapel Hill Academy 
The information on this page was last updated 7/2/2026. If you see errors or omissions, please email: [email protected]
Summary
Chapel Hill Academy was founded in 1970 and is located in Chanhassen, Minnesota. CHA offers biblical worldview Christian education, grades JK-8, emphasizing a purposeful discipleship model that involves collaboration with the Christian home and church.
Contact information
Mailing address:
Chapel Hill Academy
306 W. 78th St
Chanhassen, MN 55317
Website: www.chapel-hill.org
Phone: (952) 949-9014
Organization details
EIN: 410965970
CEO/President: Kassie Grosz
Chairman: JT Pedersen
Board size: 8
Founder:
Ruling year: 1970
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Relying on God's strength and provision, Chapel Hill Academy seeks to nurture Christ-like attitudes, provide excellence, and promote a Christ-centered environment.
Mission statement
To glorify God and assist families by providing a Christ-centered education which inspires and enables students to pursue spiritual maturity and academic excellence.
Statement of faith
We believe the Bible to be the inspired, the only infallible, authoritative Word of God, inerrant in the original manuscripts. We believe the inerrancy of Scripture embraces not only religious truth, but also the Bible's scientific, historical and literary features.
We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.
We believe that creation was an act of God and not the result of evolution, theistic or otherwise. (This has no reference to changes within the species as defined in Genesis 1.)
We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His personal return in power and glory.
We believe that for the salvation of lost, sinful men, regeneration by the Holy Spirit is absolutely essential.
We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a Godly life.
We believe in the resurrection of both the saved and the lost; they who are saved unto the resurrection of life, and they who are lost to the resurrection of damnation.
We believe in the spiritual unity of believers in our Lord Jesus Christ.
Donor confidence score
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Transparency grade
D
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Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 484 of 1412 | 100 of 180 |
| Fund acquisition rating | | 393 of 1412 | 78 of 180 |
| Resource allocation rating | | 663 of 1412 | 96 of 180 |
| Asset utilization rating | | 714 of 1413 | 103 of 180 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 7% | 5% | 3% | 6% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 12% | 15% | 26% | 12% | 17% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 1% | 1% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 88% | 85% | 74% | 88% | 83% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 83% | 83% | 83% | 84% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 89% | 82% | 68% | 81% | 82% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 74% | 68% | 56% | 68% | 68% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 11% | 18% | 32% | 19% | 18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 6% | 11% | 25% | 15% | 14% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 16% | 16% | 16% | 15% | 15% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.52 | 0.43 | 0.42 | 0.52 | 0.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.07 | 4.15 | 4.05 | 3.66 | 3.80 | 4.91 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.79 | 2.16 | 1.74 | 1.55 | 1.98 | 2.46 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.79 | 11.24 | 8.26 | 4.43 | 15.51 | 6.84 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.09 | 0.12 | 0.23 | 0.06 | 0.15 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | 5.06 | 6.06 | 5.98 | 5.67 | 4.16 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 3% | 14% | 19% | 17% | 21% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 10% | 11% | 15% | 18% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 119% | 187% | 200% | 192% | 159% | 158% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $2,461,476 | $2,446,503 | $2,515,645 | $1,862,145 | $1,416,380 |
| Receivables, inventories, prepaids | $157,761 | $229,964 | $434,741 | $238,034 | $31,200 |
| Short-term investments | $0 | $169,103 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,619,237 | $2,845,570 | $2,950,386 | $2,100,179 | $1,447,580 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $8,166,940 | $8,505,019 | $7,677,307 | $5,871,985 | $5,657,972 |
| Other long-term assets | $86,140 | $161,906 | $171,040 | $0 | $0 |
| Total long-term assets | $8,253,080 | $8,666,925 | $7,848,347 | $5,871,985 | $5,657,972 |
| Total assets | $10,872,317 | $11,512,495 | $10,798,733 | $7,972,164 | $7,105,552 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $51,430 | $169,009 | $475,933 | $30,695 | $80,926 |
| Other current liabilities | $181,628 | $175,436 | $189,737 | $104,702 | $130,591 |
| Total current liabilities | $233,058 | $344,445 | $665,670 | $135,397 | $211,517 |
| Debt | $0 | $1,129,028 | $1,177,222 | $1,224,019 | $1,268,467 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $86,140 | $161,906 | $171,040 | $0 | $0 |
| Total long-term liabilities | $86,140 | $1,290,934 | $1,348,262 | $1,224,019 | $1,268,467 |
| Total liabilities | $319,198 | $1,635,379 | $2,013,932 | $1,359,416 | $1,479,984 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $10,546,013 | $9,863,225 | $7,011,921 | $6,363,727 | $5,617,068 |
| With donor restrictions | $7,106 | $13,891 | $1,772,880 | $249,021 | $8,500 |
| Net assets | $10,553,119 | $9,877,116 | $8,784,801 | $6,612,748 | $5,625,568 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $739,886 | $892,123 | $1,767,344 | $625,788 | $720,410 |
| Program service revenue | $5,300,372 | $4,896,202 | $4,711,622 | $4,266,760 | $3,133,489 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $68,307 | $56,823 | $5,364 | $232 | ($2,932) |
| Other revenue | $224,122 | $198,622 | $273,941 | $253,350 | $507,130 |
| Total other revenue | $5,592,801 | $5,151,647 | $4,990,927 | $4,520,342 | $3,637,687 |
| Total revenue | $6,332,687 | $6,043,770 | $6,758,271 | $5,146,130 | $4,358,097 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $4,682,209 | $4,116,596 | $3,792,684 | $3,484,589 | $2,971,881 |
| Management and general | $919,059 | $788,361 | $745,752 | $639,100 | $530,497 |
| Fundraising | $55,416 | $45,376 | $47,782 | $35,261 | $62,125 |
| Total expenses | $5,656,684 | $4,950,333 | $4,586,218 | $4,158,950 | $3,564,503 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $676,003 | $1,093,437 | $2,172,053 | $987,180 | $793,594 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $676,003 | $1,093,437 | $2,172,053 | $987,180 | $793,594 |
Compensation
| Name | Title | Compensation |
| Kassie Grosz | Head Adminis | $148,331 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/2/2026. To update the information below, please email: [email protected]
History
https://www.chapel-hill.org/about-cha/history/