Myrtle Grove Christian School
- Assets
- $3.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Wilmington, NC
- Founding
- 06/1984
- Data as of
- 06/2022
- EIN
- 58-1529912
Organization Overview
Myrtle Grove Christian School is located in Wilmington, NC. The organization was established in 1984. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Myrtle Grove Christian School employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrtle Grove 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, Myrtle Grove Christian School generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 5.3% 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 PRIVATE CHRISTIAN EDUCATION PRE-KINDEGARDEN THRU GRADE EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A CHRISTIAN EDUCATION TO 383 STUDENTS IN GRADE PK - 8TH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk Mroczek Head Of School | Officer | 40 | $106,934 |
Jerry Cannon Vice Chair | OfficerTrustee | 4 | $0 |
Beth Stevens Secretary | OfficerTrustee | 4 | $0 |
Billie Collins Former Chair | OfficerTrustee | 4 | $0 |
Paul Blalock Chair | OfficerTrustee | 4 | $0 |
Tara Hackney Director | Trustee | 4 | $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 | $433,641 |
| Noncash contributions included in lines 1a–1f | $245,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $433,641 |
| Total Program Service Revenue | $3,601,321 |
| Investment income | $1,657 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | $4,046,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $378,682 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,934 |
| Compensation of current officers, directors, key employees. | $25,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,091,957 |
| Pension plan accruals and contributions | $38,015 |
| Other employee benefits | $13,763 |
| Payroll taxes | $161,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,256 |
| Fees for services: Accounting | $10,250 |
| 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 | $121,502 |
| Information technology | $82,084 |
| Royalties | $0 |
| Occupancy | $126,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,190 |
| Insurance | $154,905 |
| All other expenses | $31,148 |
| Total functional expenses | $3,626,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,548,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,636 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $2,271,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,833,074 |
| Accounts payable and accrued expenses | $410,268 |
| Grants payable | $0 |
| Deferred revenue | $1,140,285 |
| 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 | $592,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,143,358 |
| Net assets without donor restrictions | $1,667,835 |
| Net assets with donor restrictions | $21,881 |
| 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 | $3,833,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Myrtle Grove Christian School has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Patocs Foundation Marco Island, FL PURPOSE: PROVIDE PRIVATE CHRISTIAN EDUCATION PRE-KINDERGARDEN THROUGH GRADE EIGHT. | $1,000 |
Endowment Analysis
| Beg. Balance | $21,879 |
| Earnings | $2 |
| Ending Balance | $21,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |