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← FAITH BIBLE CHRISTIAN SCHOOL

Form 990 for tax year 2023

Filed by FAITH BIBLE CHRISTIAN SCHOOL.

Totals

Total revenue
$4,694,531
Total expenses
$4,989,658
Contributions and grants received
$107,173
Grants paid
$23,937
Program service revenue
$3,430,217
Investment income
$45,987
Other revenue
$1,111,154
Total assets, end of year
$1,254,240
Total liabilities, end of year
$1,474,690
Net assets or fund balances, end of year
-$220,450
Program services expenses (Part IX)
$3,636,809
Management and general expenses
$1,292,536
Fundraising expenses
$60,313
Program service expenses (Part III)
$3,636,809

Program services were 72.9% 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.

  • 1e · Government grants (contributions)

    $107,173

  • 2a · Program service revenue: TUITION

    total $3,430,217 · related or exempt $3,430,217

  • 3 · Investment income

    total $45,987 · excluded $45,987

  • 6a · Gross rents

    real property $36,500

  • 6c · Rental income or loss

    real property $36,500

  • 6d · Net rental income or loss

    total $36,500 · excluded $36,500

  • 8a · Fundraising events: gross income

    $46,254

  • 8b · Fundraising events: direct expenses

    $1,025

  • 8c · Net income from fundraising events

    total $45,229 · excluded $45,229

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $658,463 · related or exempt $658,463

  • 11b · Other revenue: FEES

    total $370,962 · related or exempt $370,962

  • 11e · Other revenue, total

    $1,029,425

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $23,937 · program services $23,937

  • 5 · Compensation of officers, directors and key employees

    total $554,345 · program services $89,532 · management and general $464,813

  • 7 · Other salaries and wages

    total $2,584,368 · program services $2,147,089 · management and general $396,988 · fundraising $40,291

  • 9 · Other employee benefits

    total $46,961 · program services $27,574 · management and general $18,376 · fundraising $1,011

  • 10 · Payroll taxes

    total $235,085 · program services $171,161 · management and general $60,801 · fundraising $3,123

  • 11g · Fees: other

    total $33,229 · program services $24,194 · management and general $8,594 · fundraising $441

  • 12 · Advertising and promotion

    total $11,307 · program services $8,232 · management and general $2,925 · fundraising $150

  • 13 · Office expenses

    total $15,894 · program services $11,572 · management and general $4,111 · fundraising $211

  • 16 · Occupancy

    total $922,143 · program services $676,576 · management and general $240,338 · fundraising $5,229

  • 17 · Travel

    total $16,704 · program services $12,162 · management and general $4,320 · fundraising $222

  • 20 · Interest

    total $1,650 · program services $1,201 · management and general $427 · fundraising $22

  • 22 · Depreciation, depletion and amortization

    total $68,322 · program services $49,744 · management and general $17,670 · fundraising $908

  • 23 · Insurance

    total $29,753 · program services $21,663 · management and general $7,695 · fundraising $395

  • 24a · Other expenses: OTHER EXPENSES

    total $95,124 · program services $70,004 · management and general $23,843 · fundraising $1,277

  • 24b · Other expenses: MATERIALS SUPPLIES & CURRIC

    total $130,659 · program services $125,417 · management and general $4,986 · fundraising $256

  • 24c · Other expenses: FEES AND TICKETS

    total $63,770 · program services $46,430 · management and general $16,493 · fundraising $847

  • 24d · Other expenses: PROVISION FOR UNCOLLECTIBLES

    total $37,400 · program services $37,400

  • 24e · All other expenses

    total $119,007 · program services $92,921 · management and general $20,156 · fundraising $5,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $776,254 · end of year $506,683

  • 2 · Savings and temporary cash investments

    beginning of year $279,695 · end of year $194,421

  • 4 · Accounts receivable

    beginning of year $115,589 · end of year $58,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,025 · end of year $5,121

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

    $924,376

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

    $547,479

  • 10c · Land, buildings and equipment, net

    beginning of year $445,219 · end of year $376,897

  • 15 · Other assets

    beginning of year $64,292 · end of year $112,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,446 · end of year $397,037

  • 19 · Deferred revenue

    beginning of year $787,660 · end of year $532,296

  • 23 · Secured mortgages and notes payable

    beginning of year $58,146 · end of year $43,319

  • 25 · Other liabilities

    beginning of year $507,145 · end of year $502,038

  • 27 · Net assets without donor restrictions

    beginning of year $20,558 · end of year $74,677

  • 28 · Net assets with donor restrictions

    beginning of year $54,119 · end of year -$295,127

Mission and programs · 2023

Mission

FAITH BIBLE CHRISTIAN SCHOOL IS DEDICATED TO BUILDING ACADEMIC EXCELLENCE, DEVELOPING CHRIST-LIKE CHARACTER, AND EQUIPPING STUDENTS TO SERVE OTHERS.

  • PROVIDE PRIVATE EDUCATION TO STUDENTS IN PREKINDERGARTEN THROUGH 12TH GRADE.

    Expenses $3,636,809

As filed on the 2023 return.

Listed in Part VII

  • Christie Petersen

    SUPERINTENDENT

    Total calculated
    $135,836
    From this org
    $107,938
    From related orgs
    $0
    Other
    $27,898
    Hours/week
    45
  • Cecily Annunzio

    EL PRINCIPAL

    Total calculated
    $101,458
    From this org
    $64,215
    From related orgs
    $0
    Other
    $37,243
    Hours/week
    45
  • Sarah Stortro

    MS PRINCIPAL

    Total calculated
    $61,095
    From this org
    $52,750
    From related orgs
    $0
    Other
    $8,345
    Hours/week
    45
  • Mike Bradley

    SPIRITUAL FORMATION

    Total calculated
    $57,759
    From this org
    $57,759
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Angela Lorenzo

    HS PRINCIPAL

    Total calculated
    $50,889
    From this org
    $50,854
    From related orgs
    $0
    Other
    $35
    Hours/week
    45
  • Sean Chambers

    OPERATIONS

    Total calculated
    $49,248
    From this org
    $49,213
    From related orgs
    $0
    Other
    $35
    Hours/week
    45
  • David Chambers

    SUPERINTENDENT

    Total calculated
    $2,671
    From this org
    $2,671
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Roy Swart

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cole Zuver

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Breninger

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brent Pound

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Greg Yauney

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Todd Predmore

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • John Lee

    PAST TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Jesse Lewis

    CURRENT TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Mindy Edgemon

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Mary Blazer

    HSMS PRINCIPAL

    Total calculated
    $0
    Hours/week
    45

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
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202521339349308982

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