Faith Christian School Inc
- Assets
- $39.0m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 236
- Location
- Grapevine, TX
- Founding
- 03/1999
- Data as of
- 07/2021
- EIN
- 75-2784724
Organization Overview
Faith Christian School Inc, operating under the name Grapevine Faith Christian School, is located in Grapevine, TX. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Grapevine Faith Christian School employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grapevine Faith Christian School 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, Grapevine Faith Christian School generated $15.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $13.5m during the year ending 07/2021. While expenses have increased by 1.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAITH CHRISTIAN SCHOOL EXISTS TO DEVELOP AND GRADUATE AUTHENTIC CHRISTIAN LEADERS, SERVING STUDENTS IN GRADES PREK THROUGH 12TH GRADE. THE SCHOOL ACCOMPLISHES ITS MISSION THROUGH A RIGOROUS ACADEMIC PROGRAM, EXTENSIVE ATHLETIC ACTIVITIES, EXCEPTIONAL CREATIVE ARTS PROGRAM, COMMUNITY SERVICE, AND LEADERSHIP TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAITH CHRISTIAN SCHOOL PROVIDES HIGH QUALITY ACADEMICS, ATHLETICS, AND CREATIVE ARTS SERVING A STUDENT POPULATION OF APPROXIMATELY 800 STUDENTS. FAITH OFFERS NUMEROUS ADVANCE PLACEMENT CLASSES, DUAL CREDIT COURSES, HONORS PROGRAM AND AN EXTENSIVE PROGRAM SERVING THOSE STUDENTS WITH LEARNING DIFFERENCES. THE ELEMENTARY READING PROGRAM FOCUSES ON INDEPENDENT AND ANALYTICAL COMPREHENSION OF LITERATURE. ALL GRADES PARTICIPATE IN FIELD TRIPS AND CLASS ACTIVITIES OUTSIDE THE CLASSROOM IN ORDER TO BROADEN AND ENHANCE THE LEARNING EXPERIENCE. BIBLICAL INTEGRATION AND PARENTAL INVOLVEMENT IS INTEGRAL TO THE EDUCATION PROCESS AT FAITH CHRISTIAN SCHOOL. LEADERSHIP TRAINING BEGINS IN KINDERGARTEN AND CONTINUES UNTIL GRADUATION. VIRTUALLY ALL FAITH GRADUATES CONTINUE ON TO COLLEGE.
FAITH CHRISTIAN SCHOOL PROVIDES SUPPORT TO FAITH CHURCH OF GRAPEVINE. FAITH CHURCH OF GRAPEVINE PROVIDES ADDITIONAL TRAINING AND EDUCATION FOR THOSE STUDENTS INTERESTED IN CHRISTIAN LEADERSHIP AND MINISTRY, CONDUCTS PRAISE AND WORSHIP SERVICES FOR THE STUDENTS, STAFF MEMBERS, AND FAMILIES OF FAITH CHRISTIAN SCHOOL, AND PARTICIPATES AND FINANCIALLY SUPPORTS LOCAL, NATIONAL AND INTERNATIONAL MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Milholland Evp Business/operations | Officer | 40 | $133,486 |
Michelle Taylor Director Of College And Academic Advising | 40 | $104,844 | |
Ed Smith President, CEO | Officer | 30 | $75,071 |
Mark Austin Trustee | Trustee | 2 | $0 |
Scott Fordham Trustee | Trustee | 3 | $0 |
Jonathan Stites Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emj Corp Construction | 7/30/21 | $119,000 |
City Wide Of Dfw Janitorial | 7/30/21 | $147,876 |
Genesis Roofing Roofing | 7/30/21 | $212,355 |
J & E Companies Construction | 7/30/21 | $102,384 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $447,969 |
| Related organizations | $0 |
| Government grants | $1,421,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,175,088 |
| Noncash contributions included in lines 1a–1f | $198,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,044,814 |
| Total Program Service Revenue | $12,596,550 |
| Investment income | $15,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $171,410 |
| Net Gain/Loss on Asset Sales | $26,379 |
| Net Income from Fundraising Events | $17,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,004 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,876,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $354,838 |
| Grants and other assistance to domestic individuals. | $12,134 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,444 |
| Compensation of current officers, directors, key employees. | $86,616 |
| Compensation to disqualified persons | $112,239 |
| Other salaries and wages | $7,008,089 |
| Pension plan accruals and contributions | $183,637 |
| Other employee benefits | $786,549 |
| Payroll taxes | $519,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,814 |
| Fees for services: Accounting | $14,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,701 |
| Advertising and promotion | $60,130 |
| Office expenses | $136,443 |
| Information technology | $113,491 |
| Royalties | $0 |
| Occupancy | $1,020,123 |
| Travel | $28,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $19 |
| Conferences, conventions, and meetings | $31,348 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,209,737 |
| Insurance | $53,921 |
| All other expenses | $53,792 |
| Total functional expenses | $13,453,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,060,659 |
| Savings and temporary cash investments | $8,802,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,162,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,438 |
| Prepaid expenses and deferred charges | $180,857 |
| Net Land, buildings, and equipment | $22,642,661 |
| Investments—publicly traded securities | $1,056,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,015,118 |
| Accounts payable and accrued expenses | $1,539,891 |
| Grants payable | $0 |
| Deferred revenue | $11,897,767 |
| Tax-exempt bond liabilities | $8,682,735 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,822,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,943,029 |
| Net assets without donor restrictions | $14,021,940 |
| Net assets with donor restrictions | $1,050,149 |
| 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 | $39,015,118 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Faith Christian School Inc has recieved totaling $158,724.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $90,545 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $27,231 |
The Wessel Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $26,160 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,750 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $2,440 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,098 |
Endowment Analysis
| Beg. Balance | $468,145 |
| Earnings | $64,566 |
| Ending Balance | $532,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Aplus Charter Schools Inc Dallas, TX | $53,044,254 | $32,813,961 |
Trinity Valley School Fort Worth, TX | $129,853,781 | $31,929,734 |
Saint Marys Hall Inc San Antonio, TX | $128,500,252 | $28,063,566 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |