Midland Christian School
- Assets
- $46.1m
- Revenue
- $15.0m
- Investments
- $9.2m
- Employees
- 322
- Location
- Midland, TX
- Founding
- 06/1965
- Data as of
- 06/2019
- EIN
- 75-6004672
Organization Overview
Midland Christian School is located in Midland, TX. The organization was established in 1965. 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 06/2019, Midland Christian School employed 322 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland 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 06/2019, Midland Christian School generated $15.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $13.3m during the year ending 06/2019. While expenses have increased by 1.9% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MIDLAND CHRISTIAN SCHOOL IS TO ASSIST PARENTS IN LEADING STUDENTS TO LOVE GOD AND TO SEE TRUTH BY TRAINING THEM IN A CHRIST-CENTERED ENVIRONMENT THAT EMPHASIZES MORAL AND ACADEMIC EXCELLENCE AND INSPIRES THEM TO DEVELOP THEIR GOD-GIVEN TALENTS FOR LIVES OF CHRISTIAN LEADERSHIP AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND REGISTRATION: THE EDUCATION OF CHILDREN AGED PRESCHOOL THROUGH 12TH GRADE.
AUXILARY EDUCATIONAL SERVICES
CHILDCARE SERVICES-AFTER SCHOOL CARE FOR MCS STUDENTS AGED PRESCHOOL THROUGH 6TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rory Waide CFO | Officer | 40 | $134,008 |
Jared Lee Superintendent | Officer | 40 | $129,835 |
Eddie Lee Chancellor | Officer | 20 | $108,303 |
Travis Mcgraw Vice President | Trustee | 2 | $0 |
Nikki Hughes Director | Trustee | 2 | $0 |
Dale Fowler Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,001,041 |
| Investment income | $498,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,821 |
| Net Income from Fundraising Events | $234,683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,994,935 |
| Statement of Expenses | |
|---|---|
| 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. | $320,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,445,612 |
| Pension plan accruals and contributions | $222,440 |
| Other employee benefits | $1,057,442 |
| Payroll taxes | $491,011 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $543,516 |
| Royalties | $0 |
| Occupancy | $1,040,130 |
| Travel | $414,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,534,514 |
| Insurance | $137,331 |
| All other expenses | $0 |
| Total functional expenses | $13,289,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,033,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,000 |
| Accounts receivable, net | $2,510,204 |
| 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 | $223,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,173,351 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,271 |
| Total assets | $46,083,142 |
| Accounts payable and accrued expenses | $790,659 |
| Grants payable | $0 |
| Deferred revenue | $4,160,816 |
| 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 | $261,990 |
| Total liabilities | $5,213,465 |
| Net assets without donor restrictions | $40,270,181 |
| Net assets with donor restrictions | $599,496 |
| 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 | $40,869,677 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Midland Christian School has recieved totaling $133,232.
| Awarding Organization | Amount |
|---|---|
Cary Brown Family Foundation Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $63,000 |
Moriah Foundation Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $40,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Carruth Family Foundation Fredericksburg, TX PURPOSE: EDUCATION PROGRAMS | $5,000 |
Warren Charitable Foundation Midland, TX PURPOSE: TO FURTHER CHARITABLE PURPOSE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |