Grace Christian School
- Assets
- $2.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 135
- Location
- Staunton, VA
- Founding
- 11/1983
- Data as of
- 06/2022
- EIN
- 54-1249847
Organization Overview
Grace Christian School is located in Staunton, VA. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Grace Christian School employed 135 individuals. Grace Christian School 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, Grace Christian School generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 4.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST CHRISTIAN PARENTS BY PROVIDING A SOUND ACADEMIC EDUCATION IN A CHRIST-CENTERED ENVIRONMENT DESIGNED TO PREPARE OUR YOUNG PEOPLE TO KNOW GOD AND TO LIVE IN OBEDIENCE TO HIS WILL FOR THEIR LIVES.
Describe the Organization's Program Activity:
TO OPERATE A SCHOOL, GRADES PRESCHOOL THROUGH 12, WHICH PROVIDES A CHRISTIAN EDUCATION AND RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bailey Board Member | Trustee | 1 | $0 |
Alan Brown Board Member | Trustee | 1 | $0 |
Ken Cullinan Baord Member | Trustee | 1 | $0 |
Sherry Foster Secretary | OfficerTrustee | 1 | $0 |
Janelle Greenmun Board Member | Trustee | 1 | $0 |
York Grow Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,599 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,058 |
| Noncash contributions included in lines 1a–1f | $29,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $428,657 |
| Total Program Service Revenue | $2,713,267 |
| Investment income | $3,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,128 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,130,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $198,133 |
| 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 | $1,563,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,683 |
| Payroll taxes | $120,541 |
| 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 | $5,718 |
| Advertising and promotion | $250 |
| Office expenses | $33,691 |
| Information technology | $55,635 |
| Royalties | $0 |
| Occupancy | $146,446 |
| Travel | $31,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,334 |
| Insurance | $21,726 |
| All other expenses | $89,904 |
| Total functional expenses | $2,959,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,565,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,912 |
| 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 | $10,809 |
| Net Land, buildings, and equipment | $374,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,959,926 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $285,654 |
| 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 | $285,654 |
| Net assets without donor restrictions | $1,622,099 |
| Net assets with donor restrictions | $52,173 |
| 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 | $1,959,926 |