Rapid City Christian Education Association Inc
- Assets
- $10.5m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 99
- Location
- Rapid City, SD
- Founding
- 04/1983
- Data as of
- 06/2022
- EIN
- 46-0363353
Organization Overview
Rapid City Christian Education Association Inc is located in Rapid City, SD. The organization was established in 1983. 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 06/2022, Rapid City Christian Education Association Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rapid City Christian Education Association 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, Rapid City Christian Education Association Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 12.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EQUIP CHILDREN OF CHRISTIAN FAMILIES WITH A SOUND LIBERAL ARTS EDUCATION FRAMED WITHIN A BIBLICAL UNDERSTANDING OF GOD AND HIS CREATION AND TO HELP NURTURE THEM IN AN ACTIVE COMMITMENT TO THE LORD JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A PRIVATE SCHOOL FOR CHILDREN IN GRADES 6-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Hewitt Administrator | Officer | 40 | $69,000 |
Corwyn Wipf Vice President | OfficerTrustee | 3 | $0 |
Christi Hendrickson Secretary | OfficerTrustee | 3 | $0 |
Kevin Eggebraaten Treasurer | OfficerTrustee | 3 | $0 |
Vivian Greni President | OfficerTrustee | 5 | $0 |
Bill Schmagel Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rcs Construction Inc Construction Services | 6/29/22 | $2,849,136 |
O Connor Company Construction Services | 6/29/22 | $171,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,314 |
| Related organizations | $0 |
| Government grants | $265,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,770,235 |
| Noncash contributions included in lines 1a–1f | $502,485 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,108,488 |
| Total Program Service Revenue | $2,951,897 |
| Investment income | $3,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,455 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$18,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,057,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $435,903 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,000 |
| Compensation of current officers, directors, key employees. | $28,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,360,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $115,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,560 |
| Information technology | $361,919 |
| Royalties | $0 |
| Occupancy | $112,554 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,595 |
| Interest | $61,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,498 |
| Insurance | $56,884 |
| All other expenses | $31,948 |
| Total functional expenses | $3,625,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,584 |
| Savings and temporary cash investments | $344,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $872 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,064,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,471,013 |
| Accounts payable and accrued expenses | $256 |
| Grants payable | $0 |
| Deferred revenue | $373,584 |
| 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 | $1,676,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $436,824 |
| Total liabilities | $2,487,084 |
| Net assets without donor restrictions | $7,970,261 |
| Net assets with donor restrictions | $13,668 |
| 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 | $10,471,013 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rapid City Christian Education Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Education | $10,000 |
Endowment Analysis
| Beg. Balance | $13,499 |
| Earnings | $169 |
| Ending Balance | $13,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Math And Science Academy Woodbury, MN | $4,903,401 | $5,823,529 |
Western Christian High School Sioux Center, IA | $10,569,218 | $4,814,590 |
Rapid City Christian Education Association Inc Rapid City, SD | $10,471,013 | $5,057,822 |
Unity Christian High School Association Orange City, IA | $10,389,948 | $5,498,563 |
Jackson Hole Community School Jackson, WY | $2,202,604 | $2,994,021 |
Schaeffer Academy Rochester, MN | $4,871,434 | $2,890,316 |