Galesburg Christian School Association Inc
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 60
- Location
- Galesburg, IL
- Founding
- 12/1996
- Data as of
- 05/2023
- EIN
- 37-1357457
Organization Overview
Galesburg Christian School Association Inc is located in Galesburg, IL. The organization was established in 1996. 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 05/2023, Galesburg Christian School Association Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galesburg Christian School Association 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 05/2023, Galesburg Christian School Association Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.5m during the year ending 05/2023. While expenses have increased by 13.1% per year over the past 8 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 PROVIDE CHILDREN IN GRADES K-12 WITH A CHRISTIAN EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A PRE-K THROUGH 12TH GRADE PRIVATE CHRISTIAN SCHOOL. APPROXIMATELY 264 CHILDREN ATTEND THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Downin Director | Trustee | $0 | |
Bob Knabel Director | Trustee | $0 | |
Leah Koch Secretary | OfficerTrustee | $0 | |
Joe Miller Vice Preside | Trustee | $0 | |
Steve Sommerer Director | Trustee | $0 | |
Laura Swanson President | OfficerTrustee | $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 | $427,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,157 |
| Total Program Service Revenue | $1,335,722 |
| Investment income | $573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,210 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,843,989 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,570 |
| Payroll taxes | $77,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,392 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,198 |
| Office expenses | $14,240 |
| Information technology | $1,333 |
| Royalties | $0 |
| Occupancy | $126,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,631 |
| Interest | $13,148 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,919 |
| Insurance | $0 |
| All other expenses | $5,495 |
| Total functional expenses | $1,481,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $111,121 |
| Accounts receivable, net | $49,617 |
| 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 | $0 |
| Net Land, buildings, and equipment | $972,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,012 |
| Other assets | $57,029 |
| Total assets | $1,518,159 |
| Accounts payable and accrued expenses | $115,711 |
| Grants payable | $0 |
| Deferred revenue | $137,364 |
| Tax-exempt bond liabilities | $305,750 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $525,935 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,084,760 |
| Net assets without donor restrictions | $264,303 |
| Net assets with donor restrictions | $169,096 |
| 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 | $1,518,159 |