Cary Christian School Inc
- Assets
- $17.8m
- Revenue
- $8.2m
- Investments
- $2.1m
- Employees
- 166
- Location
- Cary, NC
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 56-1894697
Organization Overview
Cary Christian School Inc is located in Cary, NC. The organization was established in 1997. 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, Cary Christian School Inc employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cary 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 06/2022, Cary Christian School Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 4.2% 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
TO PROVIDE AN EXCELLENT CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INSTRUCTION TO STUDENTS IN THE VICINITY OF CARY, NC IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Hinton Headmaster | Officer | 40 | $154,092 |
Kevin Seitz Dean Of Academics | 40 | $105,214 | |
James Dickman Chief Operations Officer | Officer | 40 | $89,822 |
Cameron Perkins Treasurer | OfficerTrustee | 1 | $0 |
Jason Allbert Secretary | OfficerTrustee | 1 | $0 |
Todd Bovenizer Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckenna Construction Construction | 6/29/22 | $921,992 |
City Wide Maintenance Of Nc Janitorial Services | 6/29/22 | $118,033 |
Veracross Llc Software Services | 6/29/22 | $105,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,329 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,488 |
| Noncash contributions included in lines 1a–1f | $23,380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,817 |
| Total Program Service Revenue | $7,616,754 |
| Investment income | $22,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,325 |
| Net Gain/Loss on Asset Sales | -$8,340 |
| Net Income from Fundraising Events | $16,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,204,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $192,368 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,701 |
| Compensation of current officers, directors, key employees. | $90,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,989,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $201,344 |
| Payroll taxes | $322,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,051 |
| Fees for services: Accounting | $14,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,275 |
| Fees for services: Other | $33,193 |
| Advertising and promotion | $56,544 |
| Office expenses | $228,509 |
| Information technology | $194,281 |
| Royalties | $0 |
| Occupancy | $577,194 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,237 |
| Interest | $61,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $531,955 |
| Insurance | $36,129 |
| All other expenses | $63,016 |
| Total functional expenses | $7,300,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,129 |
| Savings and temporary cash investments | $199,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,550,466 |
| 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 | $40,694 |
| Net Land, buildings, and equipment | $8,723,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,125,061 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,385 |
| Total assets | $17,832,136 |
| Accounts payable and accrued expenses | $154,978 |
| Grants payable | $0 |
| Deferred revenue | $7,075,533 |
| 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 | $1,472,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,601 |
| Total liabilities | $8,704,563 |
| Net assets without donor restrictions | $8,883,679 |
| Net assets with donor restrictions | $243,894 |
| 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 | $17,832,136 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cary Christian School Inc has recieved totaling $55,725.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,716 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $23,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,307 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashley Hall Foundation Charleston, SC | $53,552,404 | $18,962,378 |
Heathwood Hall Episcopal School Columbia, SC | $39,181,921 | $20,445,816 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Greenville Renewable Energy Education Charter School Greenville, SC | $26,163,515 | $17,750,984 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |