Christian Heritage School Inc
- Assets
- $13.9m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 144
- Location
- Trumbull, CT
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 06-0962262
Organization Overview
Christian Heritage School Inc is located in Trumbull, CT. The organization was established in 1977. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Christian Heritage School Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Heritage School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Christian Heritage School Inc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELEMENTARY AND SECONDARY EDUCATION FOR STUDENTS ENROLLED IN GRADES KINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR, 387 ELEMENTARY AND SECONDARY STUDENTS RECEIVED A COLLEGE PREPARATORY, CHRISTIAN EDUCATION AT CHRISTIAN HERITAGE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dube Head Of School | Officer | 40 | $145,500 |
Victoria Wiegand Director Of Finance | Officer | 39 | $83,426 |
Grazia Ochoa Chairman, Board Of Trustees | Trustee | 10 | $0 |
Mark Silvestri Vice Chairman, Board Of Trustees | Trustee | 10 | $0 |
Michael Angelini Treasurer, Board Of Trustees | Trustee | 10 | $0 |
Joseph Orban Secretary, Board Of Trustees | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $131,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $940,738 |
| Noncash contributions included in lines 1a–1f | $669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,071,738 |
| Total Program Service Revenue | $7,425,514 |
| Investment income | $973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,277 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,606,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,560 |
| Grants and other assistance to domestic individuals. | $1,185,058 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,330 |
| Compensation of current officers, directors, key employees. | $295,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,921,383 |
| Pension plan accruals and contributions | $34,940 |
| Other employee benefits | $858,835 |
| Payroll taxes | $223,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,010 |
| Advertising and promotion | $60,429 |
| Office expenses | $279,104 |
| Information technology | $121,138 |
| Royalties | $0 |
| Occupancy | $474,910 |
| Travel | $52,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,980 |
| Interest | $57,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,490 |
| Insurance | $42,582 |
| All other expenses | $0 |
| Total functional expenses | $8,037,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,023 |
| Savings and temporary cash investments | $2,176,077 |
| Pledges and grants receivable | $181,000 |
| Accounts receivable, net | $36,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $135,163 |
| Net Land, buildings, and equipment | $11,049,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,865,979 |
| Accounts payable and accrued expenses | $440,525 |
| Grants payable | $0 |
| Deferred revenue | $826,375 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,458,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,725,402 |
| Net assets without donor restrictions | $10,673,274 |
| Net assets with donor restrictions | $467,303 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,865,979 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Christian Heritage School Inc has recieved totaling $380,446.
| Awarding Organization | Amount |
|---|---|
Harold C Smith Foundation Wheaton, IL PURPOSE: US YOUTH INITIATIVE - EXCELLENCE IN CHRISTIAN EDUCATION FOR UNDER-RESOURCED YOUTH | $360,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $446 |
Endowment Analysis
| Beg. Balance | $3,506,512 |
| Earnings | -$488,556 |
| Admin Expense | $13,000 |
| Net Contributions | $7,560 |
| Other Expense | $136,370 |
| Grants | $55,000 |
| Ending Balance | $2,821,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |