Holland Christian Education Foundation
- Assets
- $13.5m
- Revenue
- $2.0m
- Investments
- $1.4k
- Employees
- 0
- Location
- Holland, MI
- Founding
- 11/1989
- Data as of
- 06/2022
- EIN
- 38-2885151
Organization Overview
Holland Christian Education Foundation is located in Holland, MI. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holland Christian Education Foundation 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 Education Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $667.0k during the year ending 06/2022. While expenses have increased by 2.1% 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
PROVIDE FINANCIAL SUPPORT TO HOLLAND CHRISTIAN SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ADDITIONAL FINANCIAL SUPPORT TO THE EDUCATION OF OVER 1,500 STUDENTS, KINDERGARTEN THROUGH 12TH GRADE, IN THE HOLLAND CHRISTIAN SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Huisman Board Member (part Year) / President | OfficerTrustee | 1 | $0 |
P Haans Mulder Vice President | OfficerTrustee | 1 | $0 |
Kurt Dykema President (part Year) | OfficerTrustee | 1 | $0 |
Grace Silva Treasurer | OfficerTrustee | 1 | $0 |
Mike Goorhouse Secretary | OfficerTrustee | 1 | $0 |
Doug Geenen Board Member | Trustee | 1 | $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 | $1,622,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,622,313 |
| Total Program Service Revenue | $0 |
| Investment income | $308,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,953,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $583,317 |
| 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 | $30,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,460 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,184 |
| Office expenses | $1,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,683 |
| All other expenses | $0 |
| Total functional expenses | $666,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,454 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,378,507 |
| Investments—other securities | $1,388 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,430 |
| Total assets | $13,547,779 |
| Accounts payable and accrued expenses | $27,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,710 |
| Net assets without donor restrictions | $1,416,617 |
| Net assets with donor restrictions | $12,103,452 |
| 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 | $13,547,779 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Holland Christian Education Foundation has recieved totaling $24,500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $17,500 |
Craig And Wendy Spoelhof Foundation Holland, MI PURPOSE: GENERAL OPERATION | $3,000 |
Lugers Family Foundation Douglas, MI PURPOSE: GENERAL | $2,000 |
Edward H & Diana H Marsilje Charitable Foundation Holland, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $1,000 |
Edward H & Diana H Marsilje Charitable Foundation Holland, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $14,760,811 |
| Earnings | -$2,224,555 |
| Net Contributions | $1,622,313 |
| Other Expense | $638,500 |
| Ending Balance | $13,520,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cranbrook Educational Community Bloomfield Hills, MI | $429,134,973 | $86,571,216 |
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 |