Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $725,885

• 1d · Related organizations

  $2,029,726

• 1e · Government grants (contributions)

  $6,777,644

• 1f · All other contributions, gifts and grants

  $2,310,741

• 1g · Noncash contributions included above

  $42,333

• 2a · Program service revenue: TUITION & FEES

  total $28,033,521 · related or exempt $28,033,521

• 2b · Program service revenue: ATHLETIC PROGRAMS

  total $84,549 · related or exempt $84,549

• 2c · Program service revenue: BUSINESS CONTRACT SERVICES

  total $4,404 · related or exempt $4,404

• 3 · Investment income

  total $352,170 · excluded $352,170

• 6a · Gross rents

  real property $461,522

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $461,522

• 6d · Net rental income or loss

  total $461,522 · excluded $461,522

• 8a · Fundraising events: gross income

  $36,100

• 8a · Fundraising events: contributions included on line 1c

  $725,885

• 8b · Fundraising events: direct expenses

  $710,981

• 8c · Net income from fundraising events

  total -$674,881 · excluded -$674,881

• 10a · Gross sales of inventory

  $1,274,106

• 10b · Cost of goods sold

  $1,128,534

• 10c · Net income from sales of inventory

  total $145,572 · unrelated business $145,572

• 11a · Other revenue: MISCELLANEOUS

  total $118,640 · excluded $118,640

• 11b · Other revenue: REBATES

  total $11,817 · excluded $11,817

• 11e · Other revenue, total

  $130,457

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,298,364 · program services $4,298,364

• 5 · Compensation of officers, directors and key employees

  total $482,131 · program services $139,359 · management and general $273,093 · fundraising $69,679

• 7 · Other salaries and wages

  total $13,567,292 · program services $11,307,114 · management and general $1,873,868 · fundraising $386,310

• 8 · Pension plan contributions

  total $596,112 · program services $491,997 · management and general $98,395 · fundraising $5,720

• 9 · Other employee benefits

  total $1,282,962 · program services $1,019,148 · management and general $260,379 · fundraising $3,435

• 10 · Payroll taxes

  total $995,032 · program services $805,123 · management and general $153,977 · fundraising $35,932

• 11b · Fees: legal

  total $77,350 · management and general $77,350

• 11c · Fees: accounting

  total $85,468 · management and general $85,468

• 11g · Fees: other

  total $2,294,074 · program services $2,203,798 · management and general $90,276

• 12 · Advertising and promotion

  total $145,701 · management and general $145,701

• 13 · Office expenses

  total $106,817 · program services $77,597 · management and general $24,047 · fundraising $5,173

• 14 · Information technology

  total $73,851 · program services $73,851

• 16 · Occupancy

  total $3,848,119 · program services $2,624,528 · management and general $1,019,659 · fundraising $203,932

• 17 · Travel

  total $25,475 · program services $19,106 · management and general $5,095 · fundraising $1,274

• 19 · Conferences, conventions and meetings

  total $107,043 · program services $107,043

• 20 · Interest

  total $241,432 · management and general $241,432

• 22 · Depreciation, depletion and amortization

  total $3,838,015 · program services $3,647,417 · management and general $158,832 · fundraising $31,766

• 23 · Insurance

  total $222,236 · program services $222,236

• 24a · Other expenses: PENSION WITHDRAWAL COST

  total $11,013,518 · program services $9,281,748 · management and general $1,454,205 · fundraising $277,565

• 24b · Other expenses: SCHOOL PROGRAMMING

  total $4,430,172 · program services $4,299,005 · fundraising $131,167

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $738,057 · program services $230,517 · management and general $507,540

• 24d · Other expenses: BAD DEBTS

  total $270,976 · management and general $270,976

• 24e · All other expenses

  total $498,533 · program services $286,428 · management and general $98,693 · fundraising $113,412

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,761,750 · end of year $2,633,829

• 2 · Savings and temporary cash investments

  beginning of year $3,123,769 · end of year $2,393,312

• 3 · Pledges and grants receivable

  beginning of year $707,757 · end of year $347,778

• 4 · Accounts receivable

  beginning of year $4,158,545 · end of year $2,926,135

• 8 · Inventories for sale or use

  beginning of year $63,763 · end of year $48,077

• 9 · Prepaid expenses and deferred charges

  beginning of year $55,086 · end of year $112,944

• 10a · Land, buildings and equipment: cost or other basis

  $123,482,722

• 10b · Land, buildings and equipment: accumulated depreciation

  $67,664,147

• 10c · Land, buildings and equipment, net

  beginning of year $55,764,952 · end of year $55,818,575

• 11 · Investments: publicly traded securities

  end of year $1,722,264

• 17 · Accounts payable and accrued expenses

  beginning of year $1,079,831 · end of year $1,064,699

• 19 · Deferred revenue

  beginning of year $1,322,845 · end of year $1,255,152

• 23 · Secured mortgages and notes payable

  end of year $9,000,000

• 25 · Other liabilities

  beginning of year $2,782,927 · end of year $39,299

• 27 · Net assets without donor restrictions

  beginning of year $62,060,694 · end of year $54,220,693

• 28 · Net assets with donor restrictions

  beginning of year $1,389,325 · end of year $423,071

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD ISSUES A WRITTEN CONTRACT EVERY THREE YEARS AND DETERMINES AND APPROVES THE APPROPRIATE CONTRACT AMOUNT.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• EAGLE TRIP LLC

  SALE OF GIFT CARDS · MI · income $145,572 · assets $68,410

  Directly controlled by GRAND RAPIDS CHRISTIAN SCHOOLS