Friendship Christian School Inc
- Assets
- $8.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 160
- Location
- Lebanon, TN
- Founding
- 12/1977
- Data as of
- 05/2022
- 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 05/2022, Friendship Christian School Inc employed 160 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 05/2022, Friendship Christian School Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $8.2m during the year ending 05/2022. While expenses have increased by 3.8% 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
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 |
|---|---|---|---|
Jon Shoulders President | Officer | 40 | $177,951 |
Veronica Bender Principal | 40 | $118,559 | |
Randall Dunn Executive Vice President | Officer | 40 | $114,074 |
Bill Bryson Director | Trustee | 0 | $0 |
Kevin Lester Chairman | Trustee | 0 | $0 |
Ann Frost Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,174 |
| Related organizations | $0 |
| Government grants | $582,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,057,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,652,696 |
| Total Program Service Revenue | $8,302,520 |
| Investment income | $22,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,965,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $469,354 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $501,282 |
| Compensation of current officers, directors, key employees. | $292,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,359,200 |
| Pension plan accruals and contributions | $171,139 |
| Other employee benefits | $118,727 |
| Payroll taxes | $283,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,707 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,894 |
| Office expenses | $44,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,022 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $20,516 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,402 |
| Insurance | $75,112 |
| All other expenses | $389,249 |
| Total functional expenses | $8,192,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,664,843 |
| Savings and temporary cash investments | $504,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,863 |
| 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 | $6,200,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,407 |
| Total assets | $8,454,911 |
| Accounts payable and accrued expenses | $505,734 |
| Grants payable | $0 |
| Deferred revenue | $193,548 |
| 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 | $1,979,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,678,837 |
| Net assets without donor restrictions | $5,035,911 |
| Net assets with donor restrictions | $740,163 |
| 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 | $8,454,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friendship Christian School Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
The Antonio V Glassberg Educational Foundation Teton Village, WY PURPOSE: TUITION GRANT | $3,000 |
Endowment Analysis
| Beg. Balance | $892,663 |
| Earnings | $13,531 |
| Other Expense | $50 |
| Grants | $22,231 |
| Ending Balance | $883,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Madison-Ridgeland Academy Madison, MS | $29,135,034 | $17,543,993 |