Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,024,916

• 1f · All other contributions, gifts and grants

  $14,817,322

• 1g · Noncash contributions included above

  $198,487

• 3 · Investment income

  total $368,354 · excluded $368,354

• 7a · Gross sales of assets other than inventory

  securities $198,487

• 7b · Less cost or other basis and sales expenses

  securities $198,487

• 7c · Gain or loss

  securities $0

• 7d · Net gain or loss

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $13,426,198 · program services $13,426,198

• 5 · Compensation of officers, directors and key employees

  total $126,465 · program services $126,465

• 7 · Other salaries and wages

  total $476,729 · program services $476,729

• 8 · Pension plan contributions

  total $9,353 · program services $9,353

• 9 · Other employee benefits

  total $80,457 · program services $80,457

• 10 · Payroll taxes

  total $41,927 · program services $41,927

• 11c · Fees: accounting

  total $45,400 · program services $45,400

• 12 · Advertising and promotion

  total $60,786 · program services $60,786

• 13 · Office expenses

  total $91,069 · program services $91,069

• 14 · Information technology

  total $29,776 · program services $29,776

• 17 · Travel

  total $76,769 · program services $76,769

• 23 · Insurance

  total $6,188 · program services $6,188

• 24a · Other expenses: REGISTRATION FEES

  total $22,263 · program services $22,263

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,117,658 · end of year $5,703,290

• 2 · Savings and temporary cash investments

  beginning of year $5,327,508 · end of year $5,552,242

• 17 · Accounts payable and accrued expenses

  beginning of year $8,468 · end of year $5,448

• 21 · Escrow or custodial account liability

  beginning of year $919,620 · end of year $2,250,309

• 25 · Other liabilities

  beginning of year $5,416,490 · end of year $6,181,975

• 27 · Net assets without donor restrictions

  beginning of year $237,256 · end of year $213,749

• 28 · Net assets with donor restrictions

  beginning of year $863,332 · end of year $2,604,051

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

THE ORGANIZATION DOES NOT PAY ANY OF ITS EMPLOYEES DIRECTLY AND THEREFORE DOES NOT HAVE A COMPENSATION SETTING POLICY. KEY PERSONNEL SUPPORTING THE ORGANIZATION ARE EMPLOYEES OF ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL ('ACSI'), A RELATED TAX-EXEMPT ORGANIZATION. ACSI HAS ADOPTED AN EXECUTIVE COMPENSATION SETTING POLICY APPLICABLE TO ALL DISQUALIFIED PERSONS, INCLUDING ACSI'S CEO. UNDER THE POLICY, AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE COMPENSATION LEVELS OF ACSI'S CEO. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY SUBSTANTIATED. ACSI'S CEO DETERMINES, APPROVES, AND DOCUMENTS THE SALARY OF THE REMAINING KEY PERSONNEL. BOTH THE COMMITTEE AND THE CEO UTILIZE COMPARABILITY DATA IN ITS DELIBERATIONS; UPDATED COMPARABILITY DATA IS GENERALLY OBTAINED EVERY TWO TO THREE YEARS.