Christ School Inc
- Assets
- $46.6m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 153
- Location
- Arden, NC
- Founding
- 03/1944
- Data as of
- 06/2023
- EIN
- 56-0615187
Organization Overview
Christ School Inc is located in Arden, NC. The organization was established in 1944. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Christ School Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christ School 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 06/2023, Christ School Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $21.2m during the year ending 06/2023. While expenses have increased by 5.4% 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
CHRIST SCHOOL IS A BOYS COLLEGE PREPARATORY SCHOOL FOR BOTH BOARDING AND DAY STUDENTS IN GRADES 8-12. OPEN TO STUDENTS WORLDWIDE, ITS MISSION IS TO PRODUCE EDUCATED MEN OF GOOD CHARACTER, PREPARED FOR BOTH SCHOLASTIC ACHIEVEMENT IN COLLEGE AND PRODUCTIVE CITIZENSHIP IN ADULT SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A COLLEGE PREPARATORY SCHOOL FOR NEARLY 300 BOYS IN GRADES 8-12, THE SCHOOL PREPARES ITS STUDENTS FOR SUCCESS AND ACHIEVEMENT IN LEADING COLLEGES IN THE UNITED STATES. CLASSES ARE SMALL, BUT DEMANDING, AND ARE BUILT AROUND CRITICAL THINKING THROUGH RESEARCH, INCISIVE ANALYSIS, AND GOOD WRITING WITH 30 HONORS LEVEL AND 18 ADVANCED PLACEMENT COURSES OFFERED. THE SCHOOL EXPECTS ALL STUDENTS TO BECOME INDEPENDENT LEARNERS, EXPAND THEIR INTELLECTUAL CURIOSITY, AND TO DEMONSTRATE IMPROVEMENT AND MASTERY IN THE DIFFICULT MATERIAL WITH WHICH THEY ARE CHALLENGED. THE SCHOOL ENCOURGAGES EACH STUDENT IN THE NURTURING ENVIRONMENT OF A CLOSE-KNIT CAMPUS TO DEVELOP ACADEMICALLY TO HIS MAXIMUM POTENTIAL. STUDENT SUPPORT SERVICES PROVIDE FOR THE FOOD, HOUSING, EDUCATIONAL, AND WELLNESS NEEDS OF THE SCHOOL'S STUDENTS AND INCLUDE EXPENSES FOR DINING HALL SERVICES, DORMITORIES, THE SCHOOL BOOKSTORE, AND THE CAMPUS WELLNESS CENTER. THE SCHOOL PROVIDES A VARIETY OF EXTRACURRICULAR OPPORTUNITIES FOR STUDENTS, INCLUDING COMPETITIVE SPORTS, STUDENT GOVERNMENT, CLUBS, AND COMMUNITY SERVICE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Beard Board President | Trustee | 5 | $0 |
Ronald E Brumley Vice President | Trustee | 2 | $0 |
Blake Graeber Treasurer | Trustee | 2 | $0 |
Franklin Adams Director | Trustee | 1 | $0 |
Will Byron Director | Trustee | 1 | $0 |
Calvin Covington Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Food Service | 6/29/23 | $1,352,178 |
Cooper Construction Construction | 6/29/23 | $714,883 |
Sparkling Cleaning & Janitorial Services Service | 6/29/23 | $254,922 |
Premier Sports Lighting Llc Service | 6/29/23 | $227,430 |
First Team Sports Merchandise | 6/29/23 | $155,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $344,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,357,746 |
| Noncash contributions included in lines 1a–1f | $153,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,701,798 |
| Total Program Service Revenue | $16,095,712 |
| Investment income | $437,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$987,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,264,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,092,434 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $569,549 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,386,951 |
| Pension plan accruals and contributions | $541,301 |
| Other employee benefits | $523,213 |
| Payroll taxes | $2,873,620 |
| Fees for services: Management | $0 |
| 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 | $119,046 |
| Fees for services: Other | $411,508 |
| Advertising and promotion | $0 |
| Office expenses | $547,051 |
| Information technology | $8,787 |
| Royalties | $0 |
| Occupancy | $1,265,839 |
| Travel | $134,335 |
| 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 | $1,092,442 |
| Insurance | $188,134 |
| All other expenses | $364,518 |
| Total functional expenses | $21,159,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,555,177 |
| Accounts receivable, net | $461,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $85,835 |
| Inventories for sale or use | $122,878 |
| Prepaid expenses and deferred charges | $303,093 |
| Net Land, buildings, and equipment | $22,000,600 |
| Investments—publicly traded securities | $19,458,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,058,492 |
| Total assets | $46,581,215 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $766,487 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,390 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,750,000 |
| Other liabilities | $18,800 |
| Total liabilities | $2,559,677 |
| Net assets without donor restrictions | $23,110,266 |
| Net assets with donor restrictions | $20,911,272 |
| 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 | $46,581,215 |