Faith Bible Christian School
- Assets
- $1.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 129
- Location
- Hillsboro, OR
- Founding
- 12/1997
- Data as of
- 06/2023
- EIN
- 93-1027843
Organization Overview
Faith Bible Christian School is located in Hillsboro, OR. The organization was established in 1997. 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 06/2023, Faith Bible Christian School employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Bible 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 06/2023, Faith Bible Christian School generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 9.5% 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
FAITH BIBLE CHRISTIAN SCHOOL IS DEDICATED TO BUILDING ACADEMIC EXCELLENCE, DEVELOPING CHRIST-LIKE CHARACTER, AND EQUIPPING STUDENTS TO SERVE OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRIVATE EDUCATION TO STUDENTS IN PREKINDERGARTEN THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bradley Principal | Officer | 43 | $60,320 |
Tim Prewette Principal | Officer | 43 | $61,083 |
Cecily Annunzio School Administrator | Officer | 43 | $58,676 |
Christie Petersen Superintendent | Officer | 43 | $59,653 |
Cole Zuver Member | Trustee | 1 | $0 |
Roy Swart Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $122,101 |
| Related organizations | $0 |
| Government grants | $192,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,082 |
| Total Program Service Revenue | $3,365,989 |
| Investment income | $30,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,624,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,413 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $401,957 |
| Compensation of current officers, directors, key employees. | $223,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,469,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,955 |
| Payroll taxes | $208,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,812 |
| Advertising and promotion | $2,118 |
| Office expenses | $29,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $931,341 |
| Travel | $32,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,992 |
| Insurance | $29,917 |
| All other expenses | $117,316 |
| Total functional expenses | $4,832,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,254 |
| Savings and temporary cash investments | $279,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,589 |
| 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 | $6,025 |
| Net Land, buildings, and equipment | $445,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,292 |
| Total assets | $1,687,074 |
| Accounts payable and accrued expenses | $259,446 |
| Grants payable | $0 |
| Deferred revenue | $787,660 |
| 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 | $58,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $507,145 |
| Total liabilities | $1,612,397 |
| Net assets without donor restrictions | $20,558 |
| Net assets with donor restrictions | $54,119 |
| 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 | $1,687,074 |