African Christian Schools Foundation Inc
- Assets
- $608.9k
- Revenue
- $374.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 11/1960
- Data as of
- 08/2022
- EIN
- 62-0701124
Organization Overview
African Christian Schools Foundation Inc is located in Nashville, TN. The organization was established in 1960. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2022, African Christian Schools Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Christian Schools Foundation 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 08/2022, African Christian Schools Foundation Inc generated $374.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $377.5k during the year ending 08/2022. 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
RELIGIOUS EDUCATIONAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS FOR TEACHERS, SCHOLARSHIPS, AND OTHER OPERATIONAL EXPENSES FOR CHRISTIAN SCHOOLS IN AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Wagner Executive Di | OfficerTrustee | 40 | $80,000 |
Bruce Church Secretary | OfficerTrustee | 3 | $0 |
Mike Cochrane Vice Preside | OfficerTrustee | 2 | $0 |
E Henry Huffard Jr Chairman | OfficerTrustee | 3 | $0 |
William Pennell Treasurer | OfficerTrustee | 2 | $0 |
Sam Brown Director | Trustee | 2 | $0 |
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 | $372,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,443 |
| Total Program Service Revenue | $30 |
| Investment income | $2,108 |
| 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 | $374,581 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31 |
| Fees for services: Accounting | $1,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,324 |
| Advertising and promotion | $1,100 |
| Office expenses | $23,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,918 |
| 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 | $6,901 |
| Insurance | $1,723 |
| All other expenses | $12,790 |
| Total functional expenses | $377,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,164 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,638 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $311,353 |
| Investments—publicly traded securities | $278,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,038 |
| Total assets | $608,898 |
| Accounts payable and accrued expenses | $5,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $36,933 |
| Other liabilities | $1,177 |
| Total liabilities | $43,610 |
| Net assets without donor restrictions | $565,288 |
| 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 | $608,898 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that African Christian Schools Foundation Inc has recieved totaling $38,423.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $25,350 |
Alice W Jew Foundation Nashville, TN PURPOSE: TO BE USED FOR FUNDING OF GRANTS PAID AND OPERATIONS OF FOUNDATION | $13,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Foundation For Electoral Systems Arlington, VA | $29,872,159 | $76,376,806 |
Kingsway Charities Inc Bristol, VA | $22,739,501 | $63,381,174 |
Operation Smile Inc Virginia Beach, VA | $94,902,554 | $85,245,515 |
Ipas Chapel Hill, NC | $140,923,971 | $66,162,811 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
Rainforest Trust Warrenton, VA | $101,886,271 | $70,481,732 |
U S Dairy Export Council Inc Arlington, VA | $16,612,208 | $30,970,567 |
Water Org Inc Kansas City, MO | $22,420,171 | $19,027,906 |
Gsma Mobile For Development Foundation Inc Atlanta, GA | $8,779,142 | $24,580,259 |
Inmed Partnerships For Children Inc Sterling, VA | $1,243,329 | $2,714,257 |
Medshare International Decatur, GA | $29,183,563 | $28,819,803 |