Myrtle Grove Christian School
- Assets
- $3.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 132
- Location
- Wilmington, NC
- Founding
- 06/1984
- Data as of
- 06/2024
- EIN
- 58-1529912
Organization Overview
Myrtle Grove Christian School is located in Wilmington, NC. The organization was established in 1984. 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, Myrtle Grove Christian School employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrtle Grove 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, Myrtle Grove Christian School generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.2m during the year ending 06/2024. While expenses have increased by 5.8% 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
TO PROVIDE PRIVATE CHRISTIAN EDUCATION PRE-KINDERGARTEN THROUGH GRADE EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A CHRISTIAN EDUCATION TO 434 STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE EIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Denny Director | Trustee | 4 | $0 |
Stephanie Brooks Director | Trustee | 4 | $0 |
Macon Worth Director | Trustee | 4 | $0 |
Paul Blalock Chair | OfficerTrustee | 4 | $0 |
Tara Hackney Director | Trustee | 4 | $0 |
Donna Dawson Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,188 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,145 |
| Total Program Service Revenue | $4,192,907 |
| Investment income | $45,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,422,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $390,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,566 |
| Compensation of current officers, directors, key employees. | $15,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,609,617 |
| Pension plan accruals and contributions | $39,221 |
| Other employee benefits | $22,470 |
| Payroll taxes | $203,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,547 |
| Fees for services: Accounting | $11,600 |
| 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 | $120,628 |
| Information technology | $114,518 |
| Royalties | $0 |
| Occupancy | $34,264 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,767 |
| Insurance | $130,276 |
| All other expenses | $37,156 |
| Total functional expenses | $4,206,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,738,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,096 |
| 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 | $2,134,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,894,888 |
| Accounts payable and accrued expenses | $479,280 |
| Grants payable | $0 |
| Deferred revenue | $1,115,592 |
| 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 | $548,220 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,143,092 |
| Net assets without donor restrictions | $1,751,796 |
| 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 | $3,894,888 |