Christian Schools Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$13,174,565.00
Projected Expenses
$13,279,565.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $12,799,711.00 | $12,970,763.00 | |
| Total Expenses | $11,859,494.00 | $11,155,250.00 | |
| Revenue Less Expenses | ($-0.00) | $940,217.00 | $1,815,513.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $1,570,100.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $1,235,772.00 | $624,049.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $11,003,342.00 | $10,092,639.00 | |
| Investment Income, Net of Losses | $277,660.00 | $108,454.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $59,762.00 | $47,853.00 | |
| Revenue In-Kind | $178,173.00 | $472,703.00 | |
| Other | $45,002.00 | $54,965.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $10,012,821.00 | $9,544,560.00 | |
| Administration Expense | $1,769,272.00 | $1,552,653.00 | |
| Fundraising Expense | $77,401.00 | $58,037.00 | |
| Total Revenue/Total Expenses | 108% | 116% | |
| Program Expense/Total Expenses | 84% | 86% | |
| Fundraising Expense/Contributed Revenue | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $11,003,342.00 | Program Revenue $10,092,639.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $1,235,772.00 | Foundations and Corporation $1,570,100.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $277,660.00 | Contributions, Gifts, and Grants $624,049.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $17,615,012.00 | $17,141,778.00 | |
| Current Assets | $1,927,799.00 | $1,532,197.00 | |
| Long-Term Liabilities | $267,121.00 | $269,051.00 | |
| Current Liabilities | $2,074,374.00 | $1,838,824.00 | |
| Total Net Assets | $15,273,517.00 | $15,033,903.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$2,900,000.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Goodpasture Christian School is blessed to possess a 70+ acre campus and currently has no indebtedness. As it is our Board of Trustee's strong desire to keep a GCS education affordable (with a current tuition ranging between $13,000 and $15,000), one of our challenges is to maintain excellent learning opportunities while making these opportunities available to a diverse demographic in middle Tennessee. Our Board of Trustees have committed to offering more financial aid to qualifying families, and we seek individuals and foundations who wish to help these families who seek an education centered on Jesus and Biblical values. This aid can be provided through direct donations; however, the best practice is to continue to build our endowment in such a way that the financial aid can be provided perpetually through the earnings of these funds. |
Foundation Staff Comments
| Financial figures taken from Form 990. Schedule B removed to protect donor privacy. Form 990 was prepared by Cooper, Travis & Company, PLC. Comments provided by Hayley Sulfridge 12/7/22. |
