Charlotte Christian School
- Assets
- $72.0m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 361
- Location
- Charlotte, NC
- Founding
- 11/1972
- Data as of
- 06/2022
- EIN
- 56-0750913
Organization Overview
Charlotte Christian School is located in Charlotte, NC. The organization was established in 1972. 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, Charlotte Christian School employed 361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte 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 06/2022, Charlotte Christian School generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $20.4m during the year ending 06/2022. While expenses have increased by 2.5% 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
CHARLOTTE CHRISTIAN SCHOOL IS A CHRIST-CENTERED, COLLEGE PREPARATORY SCHOOL, EQUIPPING AND DEVELOPING STUDENTS TO EFFECTIVELY INTEGRATE BIBLICAL TRUTH AND LEARNING INTO THEIR DAILY LIVES AND TO IMPACT THE CULTURE FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED JUNE 30, 2022 CHARLOTTE CHRISTIAN SCHOOL PROVIDED COMPREHENSIVE CHRISTIAN EDUCATION TO 1146 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Giller Head Of School | Officer | 50 | $324,157 |
Theresa Kasay Administration | 45 | $125,863 | |
Terry Efird Chief Financial Officer | Officer | 45 | $125,193 |
Sharon L Humphrey Administration | 45 | $121,860 | |
Shonn Brown Administration | 45 | $118,504 | |
Sara Reid Administration | 45 | $104,056 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Johnson Group Cleaning | 6/29/22 | $304,492 |
Ls3p Associates Architect | 6/29/22 | $707,733 |
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 | $4,617,210 |
| Noncash contributions included in lines 1a–1f | $158,583 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,617,210 |
| Total Program Service Revenue | $20,028,709 |
| Investment income | -$487,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,340 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,805,542 |
| 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. | $483,749 |
| Compensation of current officers, directors, key employees. | $397,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,209,490 |
| Pension plan accruals and contributions | $383,849 |
| Other employee benefits | $1,054,632 |
| Payroll taxes | $755,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,371 |
| Fees for services: Accounting | $30,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $693,632 |
| Information technology | $206,142 |
| Royalties | $0 |
| Occupancy | $995,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $445,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,650,708 |
| Insurance | $142,664 |
| All other expenses | $0 |
| Total functional expenses | $20,395,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,909,053 |
| Pledges and grants receivable | $2,814,608 |
| Accounts receivable, net | $169,542 |
| 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 | $44,153,496 |
| Investments—publicly traded securities | $12,258,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,003 |
| Total assets | $71,992,251 |
| Accounts payable and accrued expenses | $1,491,067 |
| Grants payable | $0 |
| Deferred revenue | $8,223,849 |
| Tax-exempt bond liabilities | $7,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,714,916 |
| Net assets without donor restrictions | $32,212,005 |
| Net assets with donor restrictions | $10,065,330 |
| 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 | $71,992,251 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Charlotte Christian School has recieved totaling $943,321.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $307,850 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $300,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $219,200 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,500 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $840,470 |
| Earnings | -$119,943 |
| Admin Expense | $2,776 |
| Net Contributions | $155,746 |
| Grants | $7,000 |
| Ending Balance | $866,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
St Annes-Belfield Inc Charlottesville, VA | $122,363,605 | $34,335,007 |
Norfolk Academy Norfolk, VA | $147,079,429 | $29,484,040 |