Banner Christian School Inc
- Assets
- $7.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 82
- Location
- Chesterfield, VA
- Founding
- 04/2003
- Data as of
- 06/2023
- EIN
- 05-0544601
Organization Overview
Banner Christian School Inc is located in Chesterfield, VA. The organization was established in 2003. 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, Banner Christian School Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner 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 06/2023, Banner Christian School Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 11.0% per year over the past 4 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
TO OPERATE A CHRISTIAN SCHOOL SERVING GRADES K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND EDUCATE, FOR THE GLORY OF GOD, STUDENTS BY HELPING FULFILL THEIR ACADEMIC, EMOTIONAL, PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Burkett Director | Trustee | 5 | $0 |
Garland Nester Director | Trustee | 5 | $0 |
Philip DE Haas Chairman | OfficerTrustee | 5 | $0 |
Timothy Hayes Director | Trustee | 5 | $0 |
Philip Soldan Secretary | OfficerTrustee | 5 | $0 |
Shirley Seibert Director | Trustee | 5 | $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 | $330,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,025 |
| Total Program Service Revenue | $2,161,153 |
| Investment income | $276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,495,851 |
| 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. | $95,213 |
| Compensation of current officers, directors, key employees. | $47,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,566,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,139 |
| Payroll taxes | $123,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,021 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $9,443 |
| Office expenses | $47,213 |
| Information technology | $7,740 |
| Royalties | $0 |
| Occupancy | $6,349 |
| Travel | $2,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,100 |
| Insurance | $34,157 |
| All other expenses | $117,693 |
| Total functional expenses | $2,672,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,717 |
| Savings and temporary cash investments | $112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,549 |
| 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 | $6,272 |
| Net Land, buildings, and equipment | $6,753,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $29,530 |
| Other assets | $100,497 |
| Total assets | $7,177,693 |
| Accounts payable and accrued expenses | $38,266 |
| Grants payable | $0 |
| Deferred revenue | $134,484 |
| 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 | $2,610,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,382 |
| Total liabilities | $2,789,158 |
| Net assets without donor restrictions | $0 |
| 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 | $4,388,535 |
| Total liabilities and net assets/fund balances | $7,177,693 |