Coastal Christian High School Inc
- Assets
- $10.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Wilmington, NC
- Founding
- 07/2007
- Data as of
- 05/2024
- EIN
- 20-3589278
Organization Overview
Coastal Christian High School Inc is located in Wilmington, NC. The organization was established in 2007. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 05/2024, Coastal Christian High School Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Christian High 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 05/2024, Coastal Christian High School Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.2m during the year ending 05/2024. While expenses have increased by 8.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FAITH BASED EDUCATION WITH AN EMPHASIS ON COLLEGE PREPARATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FAITH-BASED EDUCATION WITH EMPHASIS ON COLLEGE PREPARATIONS TO APPROXIMATELY 300 HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Burrus Chair | OfficerTrustee | 1 | $0 |
Chris Bunch Vice Chair | OfficerTrustee | 1 | $0 |
Greg Cook Secretary | OfficerTrustee | 1 | $0 |
Noelle Cowell Director | Trustee | 1 | $0 |
Kia Dark Director | Trustee | 1 | $0 |
Christy Spivey Director | Trustee | 1 | $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 | $560,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,536 |
| Total Program Service Revenue | $3,631,531 |
| Investment income | $36,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,249,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $113,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,188 |
| Compensation of current officers, directors, key employees. | $20,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,835,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,859 |
| Payroll taxes | $145,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,014 |
| Advertising and promotion | $4,461 |
| Office expenses | $65,996 |
| Information technology | $39,270 |
| Royalties | $0 |
| Occupancy | $82,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,333 |
| Interest | $100,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $287,402 |
| Insurance | $129,123 |
| All other expenses | $36,304 |
| Total functional expenses | $4,166,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,265 |
| Savings and temporary cash investments | $554,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,527,345 |
| 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 | $125,001 |
| Net Land, buildings, and equipment | $6,287,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,574,908 |
| Accounts payable and accrued expenses | $240,564 |
| Grants payable | $0 |
| Deferred revenue | $2,731,009 |
| 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 | $2,777,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,748,983 |
| Net assets without donor restrictions | $4,424,523 |
| Net assets with donor restrictions | $401,402 |
| 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 | $10,574,908 |