Grace Christian School Corporation
- Assets
- $3.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Bennington, VT
- Founding
- 11/1997
- Data as of
- 06/2023
- EIN
- 04-3368587
Organization Overview
Grace Christian School Corporation is located in Bennington, VT. 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 06/2023, Grace Christian School Corporation employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Christian School Corporation 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 06/2023, Grace Christian School Corporation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 9.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERING WITH PARENTS TO PROVIDE AN EXCEPTIONAL SPIRITUAL AND ACADEMIC ENVIRONMENT CONSISTENT WITH BIBLICAL TRUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE CHRISTIAN IS A NON-DENOMINATIONAL STATE RECOGNIZED SCHOOL FOR GRADES K-12 SERVING APPROX 200 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spike Whitmire President | Trustee | 1.25 | $0 |
Todd Gile Vice Preside | Trustee | 1.25 | $0 |
Paula Laroche Secretary | Trustee | 1.25 | $0 |
Mary Arnold Treasurer | Trustee | 1.25 | $0 |
Jesse Burdick Director | Trustee | 1.25 | $0 |
Peter Grimes Director | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,093 |
| Total Program Service Revenue | $1,884,584 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,555 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,173,737 |
| 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 | $768,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,199 |
| Payroll taxes | $64,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,733 |
| Advertising and promotion | $6,116 |
| Office expenses | $19,877 |
| Information technology | $17,784 |
| Royalties | $0 |
| Occupancy | $147,318 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,966 |
| Insurance | $8,859 |
| All other expenses | $225,102 |
| Total functional expenses | $2,241,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,177 |
| Savings and temporary cash investments | $13,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,000 |
| Inventories for sale or use | $1,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,391,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,017,858 |
| Accounts payable and accrued expenses | $16,327 |
| Grants payable | $0 |
| Deferred revenue | $39,609 |
| 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 | $0 |
| Total liabilities | $55,936 |
| Net assets without donor restrictions | $2,961,922 |
| Net assets with donor restrictions | $0 |
| 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 | $3,017,858 |