Gaston Christian Schools Inc
- Assets
- $23.1m
- Revenue
- $11.8m
- Investments
- $936.4k
- Employees
- 254
- Location
- Gastonia, NC
- Founding
- 09/1980
- Data as of
- 06/2023
- EIN
- 56-1244158
Organization Overview
Gaston Christian Schools Inc is located in Gastonia, NC. The organization was established in 1980. 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 06/2023, Gaston Christian Schools Inc employed 254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaston Christian Schools 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, Gaston Christian Schools Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $9.4m during the year ending 06/2023. While expenses have increased by 4.9% 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
THE MISSION OF GASTON CHRISTIAN SCHOOL IS TO HELP STUDENTS MATURE SPIRITUALLY AND EXCEL ACADEMICALLY BY OFFERING A BIBLICALLY-INTEGRATED COLLEGE PREPARATORY PROGRAM THAT WILL ENABLE THEM TO IMPACT THE KINGDOM OF GOD BY LIVING PRODUCTIVE CHRISTIAN LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A CHRISTIAN EDUCATION WHILE HELPING STUDENTS TO MATURE SPIRITUALLY AND EXCEL ACADEMICALLY BY OFFERING A BIBLICALLY-INTEGRATED, COLLEGE-PREPARATORY PROGRAM THAT WILL ENABLE THEM TO IMPACT THE KINGDOM OF GOD BY LIVING PRODUCTIVE CHRISTIAN LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marc Stout Head Master | Officer | 40 | $207,988 |
Jesse Bachman Chairman | OfficerTrustee | $0 | |
Steve Cochran Trustee | Trustee | $0 | |
Steven Denton Vice Chairma | OfficerTrustee | $0 | |
Katie Goforth Trustee | Trustee | $0 | |
Robert King Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,271,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,487,190 |
| Total Program Service Revenue | $9,232,094 |
| Investment income | $50,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $163,597 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,818,281 |
| 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. | $207,988 |
| Compensation of current officers, directors, key employees. | $41,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,533,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $704,938 |
| Payroll taxes | $372,947 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $785,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $250,541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $756,427 |
| Insurance | $53,453 |
| All other expenses | $0 |
| Total functional expenses | $9,367,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,389,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $627,724 |
| Accounts receivable, net | $1,252,222 |
| 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 | $13,510 |
| Net Land, buildings, and equipment | $17,556,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $936,371 |
| Investments—program-related | $0 |
| Intangible assets | $326,570 |
| Other assets | $0 |
| Total assets | $23,103,196 |
| Accounts payable and accrued expenses | $232,037 |
| Grants payable | $0 |
| Deferred revenue | $1,326,357 |
| 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 | $12,060,582 |
| Total liabilities | $13,618,976 |
| Net assets without donor restrictions | $9,046,051 |
| Net assets with donor restrictions | $438,169 |
| 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 | $23,103,196 |