Totals
- Total revenue
- $23,235,542
- Total expenses
- $23,559,381
- Contributions and grants received
- $1,922,334
- Grants paid
- $1,859,088
- Program service revenue
- $20,221,582
- Investment income
- $548,732
- Other revenue
- $542,894
- Total assets, end of year
- $54,902,651
- Total liabilities, end of year
- $12,612,713
- Net assets or fund balances, end of year
- $42,289,938
- Program services expenses (Part IX)
- $17,884,839
- Management and general expenses
- $5,413,649
- Fundraising expenses
- $260,893
- Program service expenses (Part III)
- $17,884,839
Program services were 75.9% 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.
-
1c · Fundraising events
$162,600
-
1e · Government grants (contributions)
$330,235
-
1f · All other contributions, gifts and grants
$1,429,499
-
1g · Noncash contributions included above
$120,640
-
2a · Program service revenue: TUITION & FEES
total $18,235,049 · related or exempt $18,235,049
-
2b · Program service revenue: CAFETERIA REVENUE
total $806,944 · related or exempt $806,944
-
2c · Program service revenue: STUDENT ACTIVITIES
total $542,334 · related or exempt $542,334
-
2d · Program service revenue: ACADEMIC/ATHLETIC EVENTS
total $340,404 · related or exempt $340,404
-
2e · Program service revenue: AFTER SCHOOL CARE
total $274,351 · related or exempt $274,351
-
2f · All other program service revenue
total $22,500 · related or exempt $22,500
-
3 · Investment income
total $412,976 · excluded $412,976
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $162,825
-
6c · Rental income or loss
real property $162,825 · personal property $0
-
6d · Net rental income or loss
total $162,825 · excluded $162,825
-
7a · Gross sales of assets other than inventory
securities $6,079,699 · other assets $11,259
-
7b · Less cost or other basis and sales expenses
securities $5,955,202 · other assets $0
-
7c · Gain or loss
securities $124,497 · other assets $11,259
-
7d · Net gain or loss
total $135,756 · excluded $135,756
-
8a · Fundraising events: gross income
$180,198
-
8a · Fundraising events: contributions included on line 1c
$162,600
-
8b · Fundraising events: direct expenses
$122,036
-
8c · Net income from fundraising events
total $58,162 · excluded $58,162
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS INCOME
total $321,907 · related or exempt $321,907
-
11e · Other revenue, total
$321,907
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,000 · program services $3,000
-
2 · Grants to domestic individuals
total $1,856,088 · program services $1,856,088
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $413,867 · program services $335,445 · management and general $75,490 · fundraising $2,932
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $9,171,519 · program services $7,433,634 · management and general $1,672,898 · fundraising $64,987
-
8 · Pension plan contributions
total $294,825 · program services $238,959 · management and general $53,776 · fundraising $2,090
-
9 · Other employee benefits
total $3,505,849 · program services $2,841,536 · management and general $639,472 · fundraising $24,841
-
10 · Payroll taxes
total $695,271 · program services $563,526 · management and general $126,818 · fundraising $4,927
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $32,440 · management and general $32,440
-
11c · Fees: accounting
total $122,200 · management and general $122,200
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $39,982 · management and general $39,982
-
11g · Fees: other
total $757,546 · program services $140,396 · management and general $586,080 · fundraising $31,070
-
12 · Advertising and promotion
total $13,260 · program services $2,457 · management and general $10,259 · fundraising $544
-
13 · Office expenses
total $50,480 · program services $42,672 · management and general $5,500 · fundraising $2,308
-
14 · Information technology
total $866,892 · program services $160,661 · management and general $670,676 · fundraising $35,555
-
15 · Royalties
total $0
-
16 · Occupancy
total $323,374 · program services $130,858 · management and general $184,207 · fundraising $8,309
-
17 · Travel
total $616,310 · program services $580,738 · management and general $29,729 · fundraising $5,843
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $50 · program services $47 · management and general $2 · fundraising $1
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,134,208 · program services $1,515,208 · management and general $584,934 · fundraising $34,066
-
23 · Insurance
total $263,815 · program services $57,729 · management and general $206,086
-
24a · Other expenses: CURRICULUM & SUPPLIES
total $1,061,009 · program services $785,358 · management and general $253,682 · fundraising $21,969
-
24b · Other expenses: MEALS EXPENSE
total $759,959 · program services $744,950 · management and general $11,318 · fundraising $3,691
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $344,794 · program services $255,216 · management and general $82,438 · fundraising $7,140
-
24d · Other expenses: EVENT EXPENSES
total $111,994 · program services $94,672 · management and general $12,202 · fundraising $5,120
-
24e · All other expenses
total $120,649 · program services $101,689 · management and general $13,460 · fundraising $5,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,960,860 · end of year $2,101,414
-
2 · Savings and temporary cash investments
beginning of year $621,431 · end of year $56,131
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $759,689
-
4 · Accounts receivable
beginning of year $3,961,411 · end of year $4,577,230
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $352,692 · end of year $262,619
-
10a · Land, buildings and equipment: cost or other basis
$55,533,349
-
10b · Land, buildings and equipment: accumulated depreciation
$21,568,252
-
10c · Land, buildings and equipment, net
beginning of year $31,455,019 · end of year $33,965,097
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $10,437,214 · end of year $8,493,851
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $4,686,620
-
17 · Accounts payable and accrued expenses
beginning of year $820,606 · end of year $1,133,701
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $7,230,600 · end of year $6,942,392
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $27,032 · end of year $4,536,620
-
27 · Net assets without donor restrictions
beginning of year $41,057,710 · end of year $41,398,683
-
28 · Net assets with donor restrictions
beginning of year $652,679 · end of year $891,255
Mission and programs · 2023
Mission
WE EMPOWER STUDENTS TO LIVE FOR GOD, LOVE LIKE JESUS, AND LEARN FOR LIFE.
-
TUITION AND REGISTRATION: THE EDUCATION OF CHILDREN AGED PRESCHOOL THROUGH 12TH GRADE.
Expenses $15,875,421 · Grants $1,859,088 · Revenue $18,235,049
-
AUXILARY EDUCATIONAL SERVICES INCLUDING ACADEMICS, ATHLETIC EVENTS, AND CAFETERIA INCOME.
Expenses $1,770,568 · Revenue $2,034,089
-
CHILDCARE SERVICES: AFTER SCHOOL CARE FOR MCS STUDENTS AGED PRESCHOOL THROUGH 6TH GRADE.
Expenses $238,850 · Revenue $274,351
As filed on the 2023 return.
Listed in Part VII
-
RORY WAIDE
CFO
- Total calculated
- $244,857
- From this org
- $194,715
- From related orgs
- $0
- Other
- $50,142
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,848
- Bonus
- $20,250
- Other
- $9,617
- Deferred
- $23,106
- Nontaxable benefits
- $27,426
- Filer's total
- $245,247
-
GREGORY ANDERSON
PRESIDENT
- Total calculated
- $231,656
- From this org
- $197,800
- From related orgs
- $0
- Other
- $33,856
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,800
- Bonus
- $14,250
- Other
- $1,750
- Deferred
- $13,385
- Nontaxable benefits
- $20,862
- Filer's total
- $232,047
-
CHRIS RYBURN
ATHLETIC DIRECTOR
- Total calculated
- $197,455
- From this org
- $153,317
- From related orgs
- $0
- Other
- $44,138
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,200
- Bonus
- $250
- Other
- $8,867
- Deferred
- $9,251
- Nontaxable benefits
- $35,278
- Filer's total
- $197,846
-
CHRIS CUNNINGHAM
ASST. ATHLETIC DIRECTOR
- Total calculated
- $186,566
- From this org
- $159,748
- From related orgs
- $0
- Other
- $26,818
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,498
- Bonus
- $250
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,634
- Filer's total
- $181,382
-
JARED LEE
FORMER SUPERINTENDENT
- Total calculated
- $176,909
- From this org
- $176,909
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $176,909
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $176,909
-
BOBBY MESKER
TRANSPORTATION DIRECTOR
- Total calculated
- $137,614
- From this org
- $113,458
- From related orgs
- $0
- Other
- $24,156
- Hours/week
- 40
-
JASON STOCKSTILL
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
TRAVIS MCGRAW
BOARD VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
RYAN RIDDLE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
ALAN BROWN
BOARD MEMBER (THRU JUL 2023)
- Total calculated
- $0
- Hours/week
- 2
-
AUSTIN RAMSEY
BOARD MEMBER (MARCH 2024 - )
- Total calculated
- $0
- Hours/week
- 2
-
CASEY ZACHRY
BOARD MEMBER (MARCH 2024 - )
- Total calculated
- $0
- Hours/week
- 2
-
DALE FOWLER
BOARD MEMBER (THRU MAY 2024)
- Total calculated
- $0
- Hours/week
- 2
-
DAN LEROY
BOARD MEMBER (THRU JUL 2023)
- Total calculated
- $0
- Hours/week
- 2
-
GARY GLASSCOCK
BOARD MEMBER (MARCH 2024 - )
- Total calculated
- $0
- Hours/week
- 2
-
NIKKI HUGHES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
RITA BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
WES GOTCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 4B
- THE FULL NAME OF THE PLAN IS MIDLAND CHRISTIAN SCHOOL 457 TOP HAT PLAN. THIS PLAN WAS ORIGINALLY EFFECTIVE ON OCTOBER 1, 2007. THE AMENDED AND RESTATED PROVISIONS OF THE PLAN BECOME EFFECTIVE ON NOVEMBER 1, 2022. THE PLAN'S RECORDS ARE MAINTAINED ON A TWELVE MONTH PERIOD OF TIME. THE PLAN IS FUNDED ANNUALLY AND ALL CONTRIBUTIONS VEST IMMEDIATELY. ONLY EMPLOYEES DESIGNATED IN WRITING BY THE EMPLOYER MAY PARTICIPATE IN THE PLAN. GENERALLY, BENEFITS UNDER THIS PLAN ARE INCLUDED IN THE EMPLOYEE'S TAXABLE INCOME WHEN THE AMOUNTS BECOME AVAILABLE. AN AMOUNT IS AVAILABLE TO THE EMPLOYEE WHEN THEY HAVE A RIGHT TO ELECT TO RECEIVE A DISTRIBUTION (EVEN IF THEY DO NOT ELECT TO CURRENTLY RECEIVE THE BENEFIT). THERE IS AN EXCEPTION WHERE THE EMPLOYEE CAN ELECT TO DELAY THE RECEIPT OF THE BENEFIT. CONTRIBUTIONS FOR THE CALENDAR YEAR TOTALED $24,000 TO THE PLAN.
- SCHEDULE J, PART I, LINE 7
- MERIT BONUSES WERE AWARDED BASED ON PERFORMANCE AT YEAR END.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349308217
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