Bethany Christian Schools Inc
- Assets
- $14.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 97
- Location
- Goshen, IN
- Founding
- 04/1980
- Data as of
- 06/2022
- EIN
- 35-0941106
Organization Overview
Bethany Christian Schools Inc is located in Goshen, IN. The organization was established in 1980. 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, Bethany Christian Schools Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Christian Schools 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 06/2022, Bethany Christian Schools Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARING STUDENTS TO PARTICIPATE IN GOD'S WORK IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE AT BETHANY CHRISTIAN SCHOOLS VALUE:-FAITH THAT LIVES: CHRIST CALLS US TO DISCIPLESHIP, PEACEABLE LIVING, AND SERVICE (MICAH 6:8 AND HEBREWS 12:2)-ACADEMIC EXCELLENCE: THROUGH A HOLISTIC EDUCATIONAL EXPERIENCE, STUDENTS DEVELOP MORALLY GROUNDED THINKING AND A DESIRE FOR LIFE-LONG LEARNING (PROVERBS 18:15)-ROOTED IN COMMUNITY: MODELING GOD'S LOVE, WE RESPECT OUR DIFFERENCES, BUILD COMPASSIONATE RELATIONSHIPS, AND PRACTICE RECONCILIATION (ACTS 2:46-47)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lehman Head Of School | Officer | 40 | $90,729 |
Sara Alvarez Waugh Treasurer | OfficerTrustee | 0.75 | $0 |
Kris Shenk Secretary | OfficerTrustee | 0.75 | $0 |
Bob Yoder Vice Chair | OfficerTrustee | 0.75 | $0 |
Rex Hochstedler Chair | OfficerTrustee | 1.25 | $0 |
Mark Schloneger Trustee | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,052,111 |
| Noncash contributions included in lines 1a–1f | $390,270 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,318,875 |
| Total Program Service Revenue | $3,022,013 |
| Investment income | $140,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,495,401 |
| 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. | $116,453 |
| Compensation of current officers, directors, key employees. | $69,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,131,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $349,803 |
| Payroll taxes | $157,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,091 |
| Fees for services: Accounting | $15,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,128 |
| Fees for services: Other | $40,390 |
| Advertising and promotion | $32,180 |
| Office expenses | $44,552 |
| Information technology | $13,273 |
| Royalties | $0 |
| Occupancy | $206,754 |
| Travel | $28,418 |
| 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 | $479,338 |
| Insurance | $8,766 |
| All other expenses | $55,345 |
| Total functional expenses | $4,128,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,327,650 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $2,342,147 |
| Accounts receivable, net | $79,004 |
| 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 | $58,332 |
| Net Land, buildings, and equipment | $8,333,198 |
| Investments—publicly traded securities | $2,616,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,326 |
| Total assets | $14,906,686 |
| Accounts payable and accrued expenses | $344,284 |
| Grants payable | $0 |
| Deferred revenue | $108,982 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $52,713 |
| 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 | $505,979 |
| Net assets without donor restrictions | $10,050,310 |
| Net assets with donor restrictions | $4,350,397 |
| 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 | $14,906,686 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bethany Christian Schools Inc has recieved totaling $80,755.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $80,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $255 |
Endowment Analysis
| Beg. Balance | $2,945,220 |
| Earnings | -$437,154 |
| Net Contributions | $376,331 |
| Grants | $118,142 |
| Ending Balance | $2,766,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |