Holland Christian Education Society
- Assets
- $45.6m
- Revenue
- $25.4m
- Investments
- $503.0
- Employees
- 446
- Location
- Holland, MI
- Founding
- 02/1946
- Data as of
- 06/2022
- EIN
- 38-1416520
Organization Overview
Holland Christian Education Society, operating under the name Holland Christian Schools, is located in Holland, MI. The organization was established in 1946. 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, Holland Christian Schools employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holland Christian Schools 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, Holland Christian Schools generated $25.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $21.7m during the year ending 06/2022. While expenses have increased by 3.1% 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
TO PROVIDE A CHRISTIAN EDUCATION FOR STUDENTS PRESCHOOL THROUGH GRADE 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL HAS BEEN IN EXISTENCE FOR OVER 100 YEARS AND CURRENTLY OFFERS EDUCATIONAL PROGRAMMING FOR STUDENT IN GRADES PK-12 TO FAMILIES THROUGHOUT OTTAWA AND ALLEGAN COUNTIES. FACILITIES INCLUDE A HIGH SCHOOL, A MIDDLE SCHOOL, THREE ELEMENTARY SCHOOL CAMPUSES, AS WELL AS A FOREST SCHOOL EARLY ELEMENTARY. THE SCHOOL ALSO PROVIDES FOR THE TRANSPORTATION AND FOOD SERVICE FOR STUDENTS. THE SCHOOL PROVIDED A QUALITY CHRISTIAN EDUCATION TO OVER 1,800 STUDENTS IN FISCAL YEAR 2021-22.
HOLLAND CHRISTIAN PROVIDES VARIOUS EXTRACURRICULAR ACTIVITIES AND AUXILIARY SERVICES FOR ITS STUDENTS, INCLUDING ATHLETICS, DRAMA, FORENSICS, AND SUMMER PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Forseth Head Of Schools | Officer | 45 | $197,278 |
Deborah Feenstra Hs Principal | 45 | $109,401 | |
David Zimmer Director Of Finance | Officer | 25 | $71,751 |
Jeff Pett President | OfficerTrustee | 2 | $0 |
Stacy Jackson Vice President | OfficerTrustee | 2 | $0 |
Craig Spoelhof Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gdk Construction Middle School Reno Contractor | 6/29/21 | $4,378,998 |
Parkway Electric & Communications Llc Hs Lecture Hall A/v | 6/29/21 | $173,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $415,515 |
| Related organizations | $583,317 |
| Government grants | $3,357,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,382,214 |
| Noncash contributions included in lines 1a–1f | $71,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,738,240 |
| Total Program Service Revenue | $14,178,744 |
| Investment income | $157,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,780 |
| Net Income from Fundraising Events | $172,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,356,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,271,939 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,960 |
| Compensation of current officers, directors, key employees. | $282,960 |
| Compensation to disqualified persons | $12,315 |
| Other salaries and wages | $9,726,400 |
| Pension plan accruals and contributions | $1,058,631 |
| Other employee benefits | $922,447 |
| Payroll taxes | $732,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $106,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,753 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,054 |
| Office expenses | $1,153,918 |
| Information technology | $421,470 |
| Royalties | $0 |
| Occupancy | $805,080 |
| Travel | $708,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,174 |
| Interest | $8,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,924,586 |
| Insurance | $144,633 |
| All other expenses | $90,659 |
| Total functional expenses | $21,688,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,503 |
| Savings and temporary cash investments | $7,307,260 |
| Pledges and grants receivable | $1,366,612 |
| Accounts receivable, net | $2,514,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,983 |
| Prepaid expenses and deferred charges | $77,925 |
| Net Land, buildings, and equipment | $27,015,267 |
| Investments—publicly traded securities | $7,254,594 |
| Investments—other securities | $503 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,583,188 |
| Accounts payable and accrued expenses | $713,502 |
| Grants payable | $0 |
| Deferred revenue | $568,193 |
| 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 | $167,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $299,261 |
| Total liabilities | $1,748,172 |
| Net assets without donor restrictions | $29,958,645 |
| Net assets with donor restrictions | $13,876,371 |
| 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 | $45,583,188 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Holland Christian Education Society has recieved totaling $806,521.
| Awarding Organization | Amount |
|---|---|
Ditto Upscale Resale Holland, MI PURPOSE: STUDENT TUITION AID | $430,307 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $109,800 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI PURPOSE: GENERAL SUPPORT | $105,796 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - NEW FAMILY SCHOLARSHIP PROGRAM | $51,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,200 |
Endowment Analysis
| Beg. Balance | $22,020,214 |
| Earnings | -$3,387,456 |
| Net Contributions | $2,941,227 |
| Grants | $955,664 |
| Ending Balance | $20,618,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Cincinnati Hills Christian Academy Inc Cincinnati, OH | $107,697,396 | $28,223,940 |
Hathaway Brown School Shaker Heights, OH | $155,426,410 | $32,118,161 |
Hebrew Academy Of Cleveland Cleveland Heights, OH | $67,295,611 | $38,136,745 |
Cincinnati Country Day School Cincinnati, OH | $38,516,908 | $24,344,886 |
Laurel School Shaker Heights, OH | $93,663,141 | $30,554,235 |
University Liggett School Grosse Pointe Woods, MI | $57,464,104 | $24,976,591 |