Life Way Christian School Inc
- Assets
- $1.2m
- Revenue
- $4.3m
- Investments
- $23.6k
- Employees
- 119
- Location
- Centerton, AR
- Founding
- 01/2010
- Data as of
- 07/2024
- EIN
- 26-4283493
Organization Overview
Life Way Christian School Inc is located in Centerton, AR. The organization was established in 2010. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 07/2024, Life Way Christian School Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Way Christian 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 07/2024, Life Way Christian School Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $4.0m during the year ending 07/2024. While expenses have increased by 2.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LIFE WAY CHRISTIAN SCHOOL IS ORGANIZED TO PROVIDE BIBLICALLY-BASED CHRISTIAN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BIBLICALLY BASED CHRISTIAN EDUCATION TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Bradford Board Member | Trustee | 0.25 | $0 |
Joji Varghese Board Member | Trustee | 0.25 | $0 |
Cliff Mathis President | Officer | 0.25 | $0 |
Allen Williams Head Of School | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,358 |
| Total Program Service Revenue | $4,129,805 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $40,582 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,301,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,746,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $283,851 |
| Payroll taxes | $191,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,778 |
| Office expenses | $20,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,000 |
| Travel | $14,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,045 |
| Insurance | $0 |
| All other expenses | $154,121 |
| Total functional expenses | $3,997,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,393 |
| Savings and temporary cash investments | $556,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $36,423 |
| Net Land, buildings, and equipment | $49,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,188,801 |
| Accounts payable and accrued expenses | $6,280 |
| Grants payable | $0 |
| Deferred revenue | $360,557 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $366,837 |
| Net assets without donor restrictions | $599,403 |
| Net assets with donor restrictions | $222,561 |
| 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 | $1,188,801 |