Abilene Christian Schools Inc
- Assets
- $7.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 80
- Location
- Abilene, TX
- Founding
- 01/1987
- Data as of
- 07/2021
- 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 07/2021, Abilene Christian Schools Inc employed 80 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 07/2021, Abilene Christian Schools Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.6m during the year ending 07/2021. 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
2021
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 | $128,200 |
Greg Straughn Chairman | OfficerTrustee | 1 | $0 |
Boone Martin Assistant Secretary | OfficerTrustee | 1 | $0 |
Brad Crisp Chair Part Year | OfficerTrustee | 1 | $0 |
Eric Gumm Vice Chair | OfficerTrustee | 1 | $0 |
Stacey Mcgee Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,280 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $364,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,430 |
| Total Program Service Revenue | $3,422,018 |
| Investment income | $88,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,809 |
| Net Income from Fundraising Events | $107,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,069,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $699,512 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,400 |
| Compensation of current officers, directors, key employees. | $64,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,618,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,030 |
| Payroll taxes | $132,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233 |
| Advertising and promotion | $22,205 |
| Office expenses | $17,611 |
| Information technology | $38,505 |
| Royalties | $0 |
| Occupancy | $54,923 |
| Travel | $3,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,217 |
| Insurance | $78,418 |
| All other expenses | $128,162 |
| Total functional expenses | $3,562,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,223 |
| Savings and temporary cash investments | $3,318,734 |
| Pledges and grants receivable | $36,260 |
| Accounts receivable, net | $6,823 |
| 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 | $45,239 |
| Net Land, buildings, and equipment | $2,354,518 |
| Investments—publicly traded securities | $1,797,139 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,595,936 |
| Accounts payable and accrued expenses | $178,151 |
| Grants payable | $0 |
| Deferred revenue | $1,326,499 |
| 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 | $41,346 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,545,996 |
| Net assets without donor restrictions | $3,403,865 |
| Net assets with donor restrictions | $2,646,075 |
| 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 | $7,595,936 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Abilene Christian Schools Inc has recieved totaling $15,216.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $216 |
Endowment Analysis
| Beg. Balance | $1,465,211 |
| Earnings | $360,199 |
| Admin Expense | $5,440 |
| Net Contributions | $32,519 |
| Other Expense | $18,000 |
| Grants | $37,350 |
| Ending Balance | $1,797,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |