Grace Christian School
- Assets
- $1.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 135
- Location
- Staunton, VA
- Founding
- 11/1983
- Data as of
- 06/2020
- 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 06/2021, 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 06/2020, Grace Christian School generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.3m during the year ending 06/2020. While expenses have increased by 1.6% per year over the past 6 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
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Sherry Foster Secretary | OfficerTrustee | 2 | $0 |
Andy Wells Vice Chairma | OfficerTrustee | 2 | $0 |
Jan Ingram Chairperson | OfficerTrustee | 2 | $0 |
Don Larson Head Of Scho | Officer | 40 | $0 |
Lina Smith Business Man | Officer | 24 | $0 |
Ken Cullinan Baord Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,287 |
| Investment income | $5,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,793,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $199,180 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,239,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,787 |
| Payroll taxes | $94,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,058 |
| Advertising and promotion | $553 |
| Office expenses | $24,360 |
| Information technology | $44,266 |
| Royalties | $0 |
| Occupancy | $144,193 |
| Travel | $21,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,179 |
| Insurance | $9,779 |
| All other expenses | $67,675 |
| Total functional expenses | $2,331,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,161,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,572 |
| 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 | $3,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,611,886 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $17,606 |
| 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 | $304,075 |
| Other liabilities | $3,028 |
| Total liabilities | $324,709 |
| Net assets without donor restrictions | $1,270,898 |
| Net assets with donor restrictions | $16,279 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,287,177 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grace Christian School has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $150 |
Renewanation Roanoke, VA PURPOSE: 125272 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Saint James School Inc Hagerstown, MD | $77,226,869 | $20,561,499 |