Briarcrest Christian School System Inc
- Assets
- $78.7m
- Revenue
- $26.9m
- Investments
- $0.0
- Employees
- 373
- Location
- Eads, TN
- Founding
- 12/1973
- Data as of
- 06/2022
- EIN
- 62-0894165
Organization Overview
Briarcrest Christian School System Inc is located in Eads, TN. The organization was established in 1973. 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, Briarcrest Christian School System Inc employed 373 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Briarcrest Christian School System 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, Briarcrest Christian School System Inc generated $26.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $24.2m during the year ending 06/2022. While expenses have increased by 1.5% 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
PROVIDING EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 116 TEACHERS TAUGHT APPROXIMATELY 1,535 STUDENTS DURING THE SCHOOL TERM. THE ITEMS SHOWN AS PROGRAM SERVICE EXPENSES FURTHERED THE STUDENTS' EDUCATION THROUGH STUDENT ACTIVITIES AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caron Swatley President | OfficerTrustee | 37.5 | $366,337 |
Patricia Whitley Director Of Business Affai | 37.5 | $178,247 | |
JD Frizzell Director Of Fine Arts | 37.5 | $172,955 | |
Mark Merrill Vice President | Trustee | 37.5 | $152,045 |
Eric Sullivan High School Principal | 37.5 | $145,512 | |
Brian Stewart High School Dean Of Studen | 37.5 | $124,690 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Inc Computer Software | 6/29/22 | $175,188 |
Janiall Llc Janitorial Cleaning | 6/29/22 | $507,367 |
Awg Dewar Inc Insurance | 6/29/22 | $275,948 |
Memphis Light Gas & Water Utilities | 6/29/22 | $443,261 |
Soefker Services Hvac Repairs | 6/29/22 | $194,034 |
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 | $1,985,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,985,303 |
| Total Program Service Revenue | $24,277,763 |
| Investment income | -$349,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $213,727 |
| Net Income from Fundraising Events | $404,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,903,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $11,225,636 |
| Pension plan accruals and contributions | $496,513 |
| Other employee benefits | $0 |
| Payroll taxes | $775,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,967 |
| Fees for services: Accounting | $26,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $239,338 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $579,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,010,281 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,457,379 |
| Insurance | $1,750,091 |
| All other expenses | $293,028 |
| Total functional expenses | $24,235,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,522,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,607,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $197,625 |
| Prepaid expenses and deferred charges | $257,123 |
| Net Land, buildings, and equipment | $42,893,469 |
| Investments—publicly traded securities | $2,090,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,650 |
| Total assets | $78,736,956 |
| Accounts payable and accrued expenses | $1,474,230 |
| Grants payable | $0 |
| Deferred revenue | $22,947,558 |
| 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 | $20,477,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $236,995 |
| Total liabilities | $45,136,667 |
| Net assets without donor restrictions | $31,128,018 |
| Net assets with donor restrictions | $2,472,271 |
| 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 | $78,736,956 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Briarcrest Christian School System Inc has recieved totaling $723,277.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $627,500 |
Crews Family Foundation Collierville, TN PURPOSE: GENERAL - OPERATING | $75,000 |
The Kemmons Wilson Family Foundation Memphis, TN PURPOSE: GENERAL - OPERATING | $8,250 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $6,000 |
Sparks Foundation Columbia, TN PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE OPPORTUNITIES FOR ACADEMIC EXCELLENCE AND INSPIRE COLLEGE-BOUND STUDENTS TO KNOW JESUS CHRIST AND SEEK TRUTH AND WISDOM. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $797 |
Endowment Analysis
| Beg. Balance | $719,701 |
| Ending Balance | $719,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |