Form 990 for tax year 2022
Filed by GRACE CHRISTIAN SCHOOL OF OCALA FLORIDA INC.
Totals
- Total revenue
- $3,209,597
- Total expenses
- $2,314,074
- Contributions and grants received
- $772,359
- Grants paid
- $0
- Program service revenue
- $2,131,786
- Investment income
- $18,026
- Other revenue
- $287,426
- Total assets, end of year
- $8,793,103
- Total liabilities, end of year
- $2,873,436
- Net assets or fund balances, end of year
- $5,919,667
- Program services expenses (Part IX)
- $1,275,455
- Management and general expenses
- $1,038,619
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,275,455
Program services were 55.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$772,359
-
2a · Program service revenue: SCHOOL
total $2,131,786 · related or exempt $2,131,786
-
3 · Investment income
total $18,026 · excluded $18,026
-
7a · Gross sales of assets other than inventory
other assets $4,947
-
7b · Less cost or other basis and sales expenses
other assets $4,947
-
8a · Fundraising events: gross income
$274,791
-
8b · Fundraising events: direct expenses
$64,613
-
8c · Net income from fundraising events
total $210,178 · excluded $25,923
-
11a · Other revenue: MISCELLANEOUS
total $77,248 · related or exempt $77,248
-
11e · Other revenue, total
$77,248
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,322,488 · program services $963,516 · management and general $358,972
-
10 · Payroll taxes
total $219,494 · program services $159,915 · management and general $59,579
-
12 · Advertising and promotion
total $1,465 · management and general $1,465
-
13 · Office expenses
total $36,163 · management and general $36,163
-
16 · Occupancy
total $185,466 · management and general $185,466
-
20 · Interest
total $67,613 · management and general $67,613
-
22 · Depreciation, depletion and amortization
total $135,144 · management and general $135,144
-
23 · Insurance
total $44,611 · management and general $44,611
-
24a · Other expenses: OTHER SUPPORTING SVCS
total $149,606 · management and general $149,606
-
24b · Other expenses: INSTRUCTIONAL MATERIAL
total $148,551 · program services $148,551
-
24c · Other expenses: SPECIAL EVENTS
total $2,560 · program services $2,560
-
24d · Other expenses: STUDENT ACTIVITIES
total $913 · program services $913
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $812,919 · end of year $1,004,227
-
4 · Accounts receivable
beginning of year $48,070 · end of year $72,664
-
9 · Prepaid expenses and deferred charges
end of year $878
-
10a · Land, buildings and equipment: cost or other basis
$8,952,864
-
10b · Land, buildings and equipment: accumulated depreciation
$1,927,786
-
10c · Land, buildings and equipment, net
beginning of year $7,137,183 · end of year $7,025,078
-
11 · Investments: publicly traded securities
beginning of year $41,295 · end of year $647,763
-
14 · Intangible assets
beginning of year $6,702
-
15 · Other assets
end of year $42,493
-
19 · Deferred revenue
beginning of year $128,812 · end of year $173,823
-
20 · Tax-exempt bond liabilities
beginning of year $2,883,729 · end of year $2,699,613
-
23 · Secured mortgages and notes payable
beginning of year $9,484
-
27 · Net assets without donor restrictions
beginning of year $4,533,594 · end of year $4,945,933
-
28 · Net assets with donor restrictions
beginning of year $490,550 · end of year $973,734
Mission and programs · 2022
Mission
TO PREPARE OUR STUDENTS FOR LIFE, TO HONOR AND GLORIFY GOD, IN A CHRIST CENTERED ENVIRONMENT OF ACADEMIC EXCELLENCE (GRADES K-2 THROUGH 8TH)
-
PRIMARY MISSION - SCHOOL OPERATION
Expenses $1,275,455 · Revenue $2,131,786
As filed on the 2022 return.
Listed in Part VII
-
Thomas GerdsTHOMAS GERDS
HEAD OF SCHO
- Total calculated
- $100,825
- From this org
- $100,825
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Edna ArenadoEDNA ARENADO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert BatselROBERT BATSEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Micah BaxleyMICAH BAXLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Fr Don CurranFR DON CURRAN
CHAPLIN
- Total calculated
- $0
- Hours/week
- 0.5
-
Elizabeth SuchyELIZABETH SUCHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Fr Thomas CarsonFR THOMAS CARSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer ChattertonJENNIFER CHATTERTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
John ChristmanJOHN CHRISTMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Don RaymondDON RAYMOND
CHAIR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313269349300606
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