Toledo Christian Schools Incorporated
- Assets
- $4.5m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 172
- Location
- Toledo, OH
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 34-1308159
Organization Overview
Toledo Christian Schools Incorporated is located in Toledo, OH. The organization was established in 1981. 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 06/2022, Toledo Christian Schools Incorporated employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Christian Schools Incorporated 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, Toledo Christian Schools Incorporated generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 4.1% 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
TOLEDO CHRISTIAN SCHOOLS, INC., WORKING WITH CHRISTIAN FAMILIES, PROVIDES A BIBLE-CENTERED, QUALITY EDUCATIONAL PROGRAM, TO EDUCATE, DISCIPLE, AND PREPARE STUDENTS TO FOLLOW CHRIST AND IMPACT CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE CHRISTIAN ELEMENTARY AND SECONDARY SCHOOL (PRESCHOOL THROUGH 12TH GRADE), WITH ENROLLMENT OF APPROXIMATELY 600 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bucher Brad Director | Trustee | 3 | $0 |
Koester Brandon Treasurer | OfficerTrustee | 3 | $0 |
Marshand Dorsia Director | Trustee | 3 | $0 |
Harbal John Director | Trustee | 3 | $0 |
Jones John Director | Trustee | 3 | $0 |
Rochon Joshua Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,639 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $767,853 |
| Noncash contributions included in lines 1a–1f | $49,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,492 |
| Total Program Service Revenue | $5,244,932 |
| Investment income | $326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130 |
| Net Income from Fundraising Events | -$7,700 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,127,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,071 |
| 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 | $3,198,333 |
| Pension plan accruals and contributions | $24,568 |
| Other employee benefits | $300,381 |
| Payroll taxes | $245,626 |
| 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 | $4,739 |
| Office expenses | $96,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,344 |
| Travel | $9,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,925 |
| Insurance | $27,678 |
| All other expenses | $735,114 |
| Total functional expenses | $5,892,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $116,250 |
| Accounts receivable, net | $272,033 |
| 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 | $9,614 |
| Net Land, buildings, and equipment | $3,243,005 |
| Investments—publicly traded securities | $24,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,634 |
| Other assets | $0 |
| Total assets | $4,457,851 |
| Accounts payable and accrued expenses | $261,997 |
| Grants payable | $0 |
| Deferred revenue | $192,111 |
| 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 | $1,415,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,869,367 |
| Net assets without donor restrictions | $2,006,075 |
| Net assets with donor restrictions | $582,409 |
| 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 | $4,457,851 |