Friendship Christian School Inc
- Assets
- $9.8m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 182
- Location
- Lebanon, TN
- Founding
- 12/1977
- Data as of
- 05/2023
- EIN
- 62-0897591
Organization Overview
Friendship Christian School Inc is located in Lebanon, TN. The organization was established in 1977. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Friendship Christian School Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Christian 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 05/2023, Friendship Christian School Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $9.6m during the year ending 05/2023. 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
ELEMENTARY AND SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMICS
AUXILIARY ACTIVITIES
OPERATIONS AND PLANT MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bryson Director | Trustee | 0 | $0 |
Kevin Lester Chairman | Trustee | 0 | $0 |
Ann Frost Director | Trustee | 0 | $0 |
George Robertson MD Director | Trustee | 0 | $0 |
Bill Robertson MD Director | Trustee | 0 | $0 |
Van Cluck Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,082 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,860 |
| Total Program Service Revenue | $10,094,635 |
| Investment income | $18,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,801,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $468,239 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $505,882 |
| Compensation of current officers, directors, key employees. | $289,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,716,316 |
| Pension plan accruals and contributions | $228,302 |
| Other employee benefits | $89,413 |
| Payroll taxes | $312,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,118 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,285 |
| Office expenses | $44,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $341,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $41,025 |
| Conferences, conventions, and meetings | $1,240 |
| Interest | $97,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $657,133 |
| Insurance | $78,189 |
| All other expenses | $690,921 |
| Total functional expenses | $9,574,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,764,996 |
| Savings and temporary cash investments | $1,740,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,044 |
| 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 | $6,231,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,257 |
| Total assets | $9,790,197 |
| Accounts payable and accrued expenses | $489,834 |
| Grants payable | $0 |
| Deferred revenue | $342,680 |
| 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 | $1,954,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,787,055 |
| Net assets without donor restrictions | $5,794,361 |
| Net assets with donor restrictions | $1,208,781 |
| 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 | $9,790,197 |