Heritage Christian School
- Assets
- $3.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 32
- Location
- North Liberty, IA
- Founding
- 10/1992
- Data as of
- 06/2024
- EIN
- 42-1386017
Organization Overview
Heritage Christian School is located in North Liberty, IA. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Heritage Christian School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Christian School 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 06/2024, Heritage Christian School generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PARTNER WITH PARENTS TO PROVIDE BIBLICALLY FAITHFUL, ACADEMICALLY EXCELLENT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONDENOMINATIONAL CHRISTIAN SCHOOL FOR GRADES PRE-K THROUGH 8 WAS OPERATED FOR APPROXIMATELY 196 CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Goodbar Head Of School | Officer | 40 | $65,022 |
Gregory Gilbaugh Interim Head Of School | Officer | 40 | $52,500 |
Christopher Stoakes President | OfficerTrustee | 3 | $0 |
Chad Hanneman Vice President | OfficerTrustee | 3 | $0 |
Brad Beane Secretary | OfficerTrustee | 3 | $0 |
Tim Insko Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,197 |
| Total Program Service Revenue | $1,594,616 |
| Investment income | $2,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,958 |
| Net Gain/Loss on Asset Sales | $12,001 |
| Net Income from Fundraising Events | $1,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,824,863 |
| 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. | $135,387 |
| Compensation of current officers, directors, key employees. | $121,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $914,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,636 |
| Payroll taxes | $80,206 |
| Fees for services: Management | $73,385 |
| 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 | $7,062 |
| Office expenses | $12,494 |
| Information technology | $82,412 |
| Royalties | $0 |
| Occupancy | $175,147 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,445 |
| Interest | $24,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,839 |
| Insurance | $0 |
| All other expenses | $9,541 |
| Total functional expenses | $1,905,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $660,200 |
| Pledges and grants receivable | $22,409 |
| Accounts receivable, net | $4,710 |
| 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 | $41,317 |
| Net Land, buildings, and equipment | $2,886,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,209 |
| Total assets | $3,645,597 |
| Accounts payable and accrued expenses | $47,329 |
| Grants payable | $0 |
| Deferred revenue | $49,478 |
| 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 | $707,337 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,209 |
| Total liabilities | $834,353 |
| Net assets without donor restrictions | $2,811,244 |
| Net assets with donor restrictions | $0 |
| 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 | $3,645,597 |