Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $302,043

• 1d · Related organizations

  $2,061,266

• 1e · Government grants (contributions)

  $7,448,659

• 1f · All other contributions, gifts and grants

  $1,851,072

• 2a · Program service revenue: TUITION & FEES

  total $25,822,350 · related or exempt $25,822,350

• 2b · Program service revenue: ATHLETIC PROGRAMS

  total $87,843 · related or exempt $87,843

• 2c · Program service revenue: BUSINESS CONTRACT SERVICES

  total $4,199 · related or exempt $4,199

• 3 · Investment income

  total $131,104 · excluded $131,104

• 6a · Gross rents

  real property $410,776

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $410,776

• 6d · Net rental income or loss

  total $410,776 · excluded $410,776

• 7a · Gross sales of assets other than inventory

  other assets $1,653

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

  other assets $0

• 7c · Gain or loss

  other assets $1,653

• 7d · Net gain or loss

  total $1,653 · excluded $1,653

• 8a · Fundraising events: gross income

  $40,432

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

  $302,043

• 8b · Fundraising events: direct expenses

  $94,474

• 8c · Net income from fundraising events

  total -$54,042 · excluded -$54,042

• 10a · Gross sales of inventory

  $1,347,463

• 10b · Cost of goods sold

  $1,208,166

• 10c · Net income from sales of inventory

  total $139,297 · unrelated business $139,297

• 11a · Other revenue: MISCELLANEOUS

  total $89,665 · excluded $89,665

• 11b · Other revenue: REBATES

  total $10,628 · excluded $10,628

• 11e · Other revenue, total

  $100,293

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,792,175 · program services $3,792,175

• 5 · Compensation of officers, directors and key employees

  total $464,480 · program services $129,870 · management and general $269,675 · fundraising $64,935

• 7 · Other salaries and wages

  total $12,241,180 · program services $10,131,539 · management and general $1,787,945 · fundraising $321,696

• 8 · Pension plan contributions

  total $512,212 · program services $428,846 · management and general $80,401 · fundraising $2,965

• 9 · Other employee benefits

  total $1,429,102 · program services $1,164,014 · management and general $264,243 · fundraising $845

• 10 · Payroll taxes

  total $1,088,602 · program services $908,573 · management and general $146,793 · fundraising $33,236

• 11b · Fees: legal

  total $88,699 · management and general $88,699

• 11c · Fees: accounting

  total $90,738 · management and general $90,738

• 11g · Fees: other

  total $2,451,181 · program services $2,396,829 · management and general $54,352

• 12 · Advertising and promotion

  total $185,310 · management and general $185,310

• 13 · Office expenses

  total $72,618 · program services $51,846 · management and general $17,316 · fundraising $3,456

• 14 · Information technology

  total $142,272 · program services $142,272

• 16 · Occupancy

  total $3,609,409 · program services $2,458,949 · management and general $958,717 · fundraising $191,743

• 17 · Travel

  total $40,495 · program services $30,371 · management and general $8,099 · fundraising $2,025

• 19 · Conferences, conventions and meetings

  total $129,325 · program services $129,325

• 22 · Depreciation, depletion and amortization

  total $3,573,905 · program services $3,402,949 · management and general $142,463 · fundraising $28,493

• 23 · Insurance

  total $204,876 · program services $204,876

• 24a · Other expenses: SCHOOL PROGRAMMING

  total $3,854,803 · program services $3,854,803

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $1,431,469 · program services $225,459 · management and general $1,206,010

• 24c · Other expenses: CAMPAIGN & FUNDRAISING

  total $301,227 · fundraising $301,227

• 24d · Other expenses: BAD DEBTS

  total $282,621 · management and general $282,621

• 24e · All other expenses

  total $409,433 · program services $304,121 · management and general $101,341 · fundraising $3,971

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,478,306 · end of year $4,761,750

• 2 · Savings and temporary cash investments

  end of year $3,123,769

• 3 · Pledges and grants receivable

  beginning of year $2,024,467 · end of year $707,757

• 4 · Accounts receivable

  beginning of year $5,235,428 · end of year $4,158,545

• 8 · Inventories for sale or use

  beginning of year $66,140 · end of year $63,763

• 9 · Prepaid expenses and deferred charges

  beginning of year $22,556 · end of year $55,086

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

  $119,591,081

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

  $63,826,129

• 10c · Land, buildings and equipment, net

  beginning of year $54,245,409 · end of year $55,764,952

• 17 · Accounts payable and accrued expenses

  beginning of year $1,693,272 · end of year $1,079,831

• 19 · Deferred revenue

  beginning of year $1,452,448 · end of year $1,322,845

• 25 · Other liabilities

  beginning of year $4,140,798 · end of year $2,782,927

• 27 · Net assets without donor restrictions

  beginning of year $58,126,815 · end of year $62,060,694

• 28 · Net assets with donor restrictions

  beginning of year $3,658,973 · end of year $1,389,325

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 $25,423 · assets $113,999

  Directly controlled by GRAND RAPIDS CHRISTIAN SCHOOLS