Abilene Christian Schools Inc
- Assets
- $19.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 106
- Location
- Abilene, TX
- Founding
- 01/1987
- Data as of
- 07/2023
- EIN
- 75-2137523
Organization Overview
Abilene Christian Schools Inc is located in Abilene, TX. The organization was established in 1987. 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 07/2023, Abilene Christian Schools Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene 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 07/2023, Abilene Christian Schools Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $4.6m during the year ending 07/2023. While expenses have increased by 4.4% per year over the past 5 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 ABILENE CHRISTIAN SCHOOL, INC. IS TO EQUIP STUDENTS TO EXCEL ACADEMICALLY, SERVE MEANINGFULLY, AND WALK FAITHFULLY WITH GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABILENE CHRISTIAN SCHOOL IS A PRIVATE PRIMARY AND SECONDARY INSTITUTION OF LEARNING; OFFERING CURRICULUM WHICH LEADS TO A HIGH SCHOOL DIPLOMA RECOGNIZED BY THE TEXAS EDUCATION AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Wade Presidentexec Director | Officer | 40 | $132,124 |
John L Estes III Trustee | Trustee | 1 | $0 |
Samantha Adkins Director | Trustee | 1 | $0 |
Lisa Rhodes Trustee | Trustee | 1 | $0 |
Holly Racca Director | Trustee | 1 | $0 |
Charles Anderson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,105 |
| Related organizations | $0 |
| Government grants | $109,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $926,888 |
| Noncash contributions included in lines 1a–1f | $220,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,297 |
| Total Program Service Revenue | $4,261,134 |
| Investment income | $77,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,275 |
| Net Income from Fundraising Events | $126,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,647,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $772,383 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,200 |
| Compensation of current officers, directors, key employees. | $68,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,865,118 |
| Pension plan accruals and contributions | $118,548 |
| Other employee benefits | $0 |
| Payroll taxes | $151,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,000 |
| Advertising and promotion | $27,684 |
| Office expenses | $19,051 |
| Information technology | $87,718 |
| Royalties | $0 |
| Occupancy | $82,621 |
| Travel | $6,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,431 |
| Insurance | $113,443 |
| All other expenses | $281,809 |
| Total functional expenses | $4,630,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,337 |
| Savings and temporary cash investments | $3,998,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,474 |
| 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 | $72,423 |
| Net Land, buildings, and equipment | $13,855,803 |
| Investments—publicly traded securities | $1,700,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,759,102 |
| Accounts payable and accrued expenses | $1,255,190 |
| Grants payable | $0 |
| Deferred revenue | $1,552,938 |
| 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 | $9,139,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,947,222 |
| Net assets without donor restrictions | $6,320,276 |
| Net assets with donor restrictions | $1,491,604 |
| 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 | $19,759,102 |