Lake Norman Christian School
- Assets
- $379.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 39
- Location
- Huntersville, NC
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 26-2683788
Organization Overview
Lake Norman Christian School is located in Huntersville, NC. The organization was established in 2008. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lake Norman Christian School employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Norman 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 06/2022, Lake Norman Christian School generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 6.0% 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
THE MISSION OF LAKE NORMAN CHRISTIAN SCHOOL IS TO PROVIDE A COLLEGE-PREPARATORY EDUCATION IN A SAFE AND NURTURING ENVIRONMENT GROUNDED IN THE CHRISTIAN FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOL (K - 5TH GRADE) - PROVIDE EDUCATIONAL SERVICES AS AN INDEPENDENT PRIVATE CHRISTIAN SCHOOL.
HIGH SCHOOL (9TH - 12TH GRADE) - PROVIDE EDUCATIONAL SERVICES AS AN INDEPENDENT PRIVATE CHRISTIAN SCHOOL.
MIDDLE SCHOOL (6TH - 8TH GRADE) - PROVIDE EDUCATIONAL SERVICES AS AN INDEPENDENT PRIVATE CHRISTIAN SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Beaudine Head Of School | Officer | 50 | $54,813 |
Chris Schweige Director | Trustee | 5 | $0 |
Ethan Pope Director | Trustee | 5 | $0 |
Helen Johnson Director | Trustee | 5 | $0 |
Valerie Amick Director | Trustee | 5 | $0 |
Paul Tellefsen President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,879 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,231 |
| Total Program Service Revenue | $1,534,848 |
| Investment income | $366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,666,715 |
| 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. | $54,813 |
| Compensation of current officers, directors, key employees. | $10,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $865,666 |
| Pension plan accruals and contributions | $3,869 |
| Other employee benefits | $8,037 |
| Payroll taxes | $290,556 |
| 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 | $15,897 |
| Advertising and promotion | $16,887 |
| Office expenses | $44,944 |
| Information technology | $11,898 |
| Royalties | $0 |
| Occupancy | $186,486 |
| Travel | $55 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,346 |
| Insurance | $13,629 |
| All other expenses | $129,730 |
| Total functional expenses | $1,886,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,382 |
| Savings and temporary cash investments | $117,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,500 |
| Net Land, buildings, and equipment | $81,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,729 |
| Accounts payable and accrued expenses | $2,253 |
| Grants payable | $0 |
| Deferred revenue | $174,152 |
| 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 | $176,405 |
| 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 | $203,324 |
| Total liabilities and net assets/fund balances | $379,729 |