Civic Intelligence

Westminster Christian Private School Inc

990 • Fiscal year 2017 • EIN 59-6057154

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 07, 2018

6855 SW 152nd StreetMiami, FL 33157

(305) 233-2030

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.61x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

1.08x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

59th percentile

5.8%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$319,495

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

65th percentile

8.9%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

1.2%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$44,182,403

Up $3,625,764 (+8.9%) from 2016

Net Assets

Up

$17,371,508

Up $2,452,750 (+16%) from 2016

Liabilities

Up

$26,810,895

Up $1,173,014 (+4.6%) from 2016

Revenue

Up

$24,795,901

Up $305,257 (+1.2%) from 2016

Expenses

Up

$23,350,697

Up $1,248,198 (+5.6%) from 2016

Net Income

Down

$1,445,204

Down $942,941 (-39%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $19,912,996Liabilities 2011: $11,873,505Net Assets 2011: $8,039,4912011Assets 2012: $21,339,795Liabilities 2012: $12,014,307Net Assets 2012: $9,325,4882012Assets 2013: $27,533,365Liabilities 2013: $16,756,404Net Assets 2013: $10,776,9612013Assets 2014: $31,367,698Liabilities 2014: $19,152,176Net Assets 2014: $12,215,5222014Assets 2015: $36,384,303Liabilities 2015: $22,789,320Net Assets 2015: $13,594,9832015Assets 2016: $40,556,639Liabilities 2016: $25,637,881Net Assets 2016: $14,918,7582016Assets 2017: $44,182,403Liabilities 2017: $26,810,895Net Assets 2017: $17,371,5082017Assets 2018: $48,137,534Liabilities 2018: $28,290,481Net Assets 2018: $19,847,0532018Assets 2019: $51,565,098Liabilities 2019: $30,369,159Net Assets 2019: $21,195,9392019Assets 2020: $56,149,564Liabilities 2020: $33,208,963Net Assets 2020: $22,940,6012020Assets 2021: $60,934,751Liabilities 2021: $33,582,851Net Assets 2021: $27,351,9002021Assets 2022: $63,040,762Liabilities 2022: $33,751,301Net Assets 2022: $29,289,4612022Assets 2023: $80,429,056Liabilities 2023: $45,619,265Net Assets 2023: $34,809,7912023Assets 2024: $82,598,809Liabilities 2024: $45,580,509Net Assets 2024: $37,018,3002024Assets 2025: $88,117,235Liabilities 2025: $47,197,101Net Assets 2025: $40,920,1342025

Highlighted filing

2017

Assets$44,182,403
Liabilities$26,810,895
Net Assets$17,371,508

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Revenue 2011: $15,097,390Expenses 2011: $14,203,424Net Income 2011: $893,9662011Expenses 2012: $14,740,8252012Revenue 2013: $16,290,358Expenses 2013: $15,426,764Net Income 2013: $863,5942013Revenue 2014: $19,841,038Expenses 2014: $18,733,009Net Income 2014: $1,108,0292014Revenue 2015: $21,471,853Expenses 2015: $20,112,639Net Income 2015: $1,359,2142015Revenue 2016: $24,490,644Expenses 2016: $22,102,499Net Income 2016: $2,388,1452016Revenue 2017: $24,795,901Expenses 2017: $23,350,697Net Income 2017: $1,445,2042017Revenue 2018: $25,555,659Expenses 2018: $23,760,567Net Income 2018: $1,795,0922018Revenue 2019: $26,377,422Expenses 2019: $24,705,888Net Income 2019: $1,671,5342019Revenue 2020: $27,365,848Expenses 2020: $25,038,427Net Income 2020: $2,327,4212020Revenue 2021: $32,657,812Expenses 2021: $29,446,277Net Income 2021: $3,211,5352021Revenue 2022: $31,809,440Expenses 2022: $29,857,582Net Income 2022: $1,951,8582022Revenue 2023: $37,060,335Expenses 2023: $31,720,298Net Income 2023: $5,340,0372023Revenue 2024: $36,444,855Expenses 2024: $35,361,077Net Income 2024: $1,083,7782024Revenue 2025: $41,959,394Expenses 2025: $38,311,348Net Income 2025: $3,648,0462025

Highlighted filing

2017

Revenue$24,795,901
Expenses$23,350,697
Net Income$1,445,204
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 7, 2018
Return Version
2016v3.1
Gross Receipts
$24,895,088
Mission and Program Overview

Mission

To provide christian education to students in grades pre-k to 12.

To provide christian education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,744,325$25,856,651▲ $2,112,326
Cash and Non-Interest-Bearing Accounts$10,869,025$12,031,327▲ $1,162,302
Investments in Publicly Traded Securities$2,577,398$3,256,296▲ $678,898
Accounts Receivable$743,764$1,337,532▲ $593,768
Savings and Temporary Cash Investments$1,541,667$1,270,608▼ $271,059
Pledges and Grants Receivable$586,609$246,732▼ $339,877
Prepaid Expenses and Deferred Charges$493,851$129,231▼ $364,620
Inventories for Sale or Use-$54,026-
Total Assets$40,556,639$44,182,403▲ $3,625,764
Liabilities
Tax Exempt Bond Liabilities$13,609,220$15,266,930▲ $1,657,710
Deferred Revenue$9,446,509$9,191,440▼ $255,069
Accounts Payable and Accrued Expenses$1,716,574$2,135,672▲ $419,098
Other Liabilities$865,578$216,853▼ $648,725
Total Liabilities$25,637,881$26,810,895▲ $1,173,014
Net Assets / Fund Balance
Unrestricted Net Assets$14,280,756$16,733,506▲ $2,452,750
Permanently Rstr Net Assets$350,002$350,002→ $0
Temporarily Rstr Net Assets$288,000$288,000→ $0
Total Net Assets Fund Balance$14,918,758$17,371,508▲ $2,452,750
Total Liabilities and Net Assets / Fund Balance$40,556,639$44,182,403▲ $3,625,764

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,444,332$6,963,061$21,407,393
Leasehold Improvements$4,638,057$1,029,339$5,667,396
Land$4,152,460-$4,152,460
Other Land Buildings$1,521,511$2,203,484$3,724,995
Equipment$1,100,291$1,334,336$2,434,627

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,119,065-▲ $407,839-$4,526,904
2016$3,997,083-▲ $121,982-$4,119,065
2015$3,885,332-▲ $111,751-$3,997,083
2014$3,447,453-▲ $437,879-$3,885,332
2013$3,099,415-▲ $348,038-$3,447,453
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter H CabreraSuperintendeFT$293,212$26,283$319,495
Peter H CabreraSuperintendent-$293,212$26,283$319,495
Robert LundgrenCFOFT$255,347$25,286$280,633
David MedderPrincipalFT$106,035$17,327$123,362
Caleb LopezPrincipalFT$107,368$10,940$118,308
Jared ReedHs Bible TeaFT$104,308$11,001$115,309
Douglas HeetderksElem. Sci. TFT$101,155$11,927$113,082
John ManoogianPrincipalFT$98,630$10,026$108,656

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Overholt ConstructionConstruction18635 SW 105TH AVENUE, Miami, FL 33157$1,748,868
Persant Construction Co INCConstruction13220 SW 132ND AVE UNIT 2, Miami, FL 33186$336,435
Performance Team SportsSports7911 NW 72 AVENUE SUITE 106, Miami, FL 33166$245,904
Ballpark MaintenanceMaintenance10850 SW 116TH ST, Miami, FL 33176$236,381
Coastal Building MaintenanceMaintenancePO BOX 2153, Birmingham, AL 35287-5180$206,977
Revenue and Support

Revenue Composition

Contributions and Grants
$468,005
Program Service Revenue
$24,173,859
Investment Income
$99,398
Other Revenue
$54,639
All Other Contributions
$468,005
Change in Net Assets
$1,445,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,795,901
Revenue Not Reported on Form 990
$-1,778,455
Total Revenue per Audited Statements
$23,017,446
Total Revenue per Form 990
$24,795,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,390,107
Other Expenses$8,075,402
Grants and Similar Amounts Paid$2,885,188
Total Fundraising Expense$493,112
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,608,131$1,211,986$217,814$9,037,931
Grants to Domestic Individuals$2,885,188--$2,885,188
Depreciation Depletion$1,414,393$225,315$40,493$1,680,201
Other Employee Benefits$1,048,217$166,983$30,010$1,245,210
Fees for Services Other$967,576$154,136$27,701$1,149,413
All Other Expenses$888,734$141,576$25,444$1,055,754
Pension Plan Contributions$769,109$122,520$22,019$913,648
Payroll Taxes$570,429$90,870$16,331$677,630
Office Expenses$514,903$82,025$14,741$611,669
Current Officers, Directors, Trustees, and Key Employees$434,106$69,154$12,428$515,688
Occupancy$378,255$60,257$10,829$449,341
Interest$338,386$53,905$9,688$401,979
Travel$274,442$43,719$7,857$326,018
Other Expenses$268,257$42,734$7,680$318,671
Insurance$263,326$41,948$7,539$312,813
Conferences and Meetings$79,950$12,736$2,289$94,975
Fees for Services Management$22,050$3,513$631$26,194
Advertising$16,624$2,648$476$19,748
Total Functional Expenses$20,113,174$2,744,411$493,112$23,350,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,350,697
Total Expenses per Form 990$23,350,697
Total Expenses per Audited Statements$20,564,696
Expenses Not Reported on Form 990$-2,786,001
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$153,826
Fundraising Direct Expenses$99,187
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$83,050$83,050$19,019$64,031
Golf Tournament$50,568$50,568$17,113$33,455
Total Events$153,826$153,826$99,187$54,639
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fair Value of Interest Rate Swap$216,853

Bond Issues

BondIssuerIssuedIssue PricePurpose
AM-d County Industrial Development2015-12-17$19,000,000Construction & renovation of school facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,000,000--$240,488

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association is primarily made up of parents and employees of the school.

Form 990, Page 6, Part VI, Line 7A

It is the responsibilities of the members to elect the board members for 4 year terms from a pool of candidates that were nominated by the current board members. Some of which may be assigned by the current board members on a yearly basis.

Form 990, Page 6, Part VI, Line 7B

The sole member has the right to appoint the board of directors and to determine any matter which may be properly brought before the members for action.

Form 990, Page 6, Part VI, Line 11B

The principal or officer will examine this return, including accompanying schedules and statements prior to filing the return.

Form 990, Page 6, Part VI, Line 12C

The school maintains a written conflict of interest policy with the board and management regularly and consistently monitors and enforces compliance with the policy.

Form 990, Page 6, Part VI, Line 15A

The board uses comparable data to determine compensation for the superintendent.

Form 990, Page 6, Part VI, Line 15B

The superintendent, bases on comparable data and performance, determines the compensation of other officers and key employees.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Westminster Christian Private
EIN
59-6057154
Phone
3052332030
Address
6855 SW 152ND STREET, MIAMI, FL 33157

Signing Officer

Name
Robert Lundgren
Title
CFO
Phone
3052332030
Signed
2018-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Lundgren
Formed
1961
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
261
Volunteers
45

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Special event expenses 99,187 financial aid -2,885,188 special event expenses -99,187 financial aid 2,885,188

Financial Statement Notes

Schedule D, Page 3, Part X

The school is exempt from income tax under section 501(c) (3) of the internal revenue code and therefore, has made no provision for federal income taxes in the accompanying financial statements. In addition, the school qualifies for the charitable contribution deduction under section 170 (b) (1) (a) and has been classified as an organization other than a private foundation under section 509 (a) (2). There are no reserves held for uncertain tax positions at june 30, 2017. Tax years that are open under the statute of limitations remain subject to examination by the irs. The school is generally no longer subject to u.s. Federal or state examinations by tax authorities for years before 2014.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 99,187 financial aid -2,885,188

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 99,187 financial aid -2,885,188

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13SUPERINTENDE
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt17PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt18HS BIBLE TEA
IRS990/Form990PartVIISectionAGrp/TitleTxt19ELEM. SCI. T
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IRS990/PrincipalOfficerNm0ROBERT LUNDGREN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$88.1$47.2$40.9$42.0$38.3$3.65
2024Detailed filing. Detailed filing data is available for this year.$82.6$45.6$37.0$36.4$35.4$1.08
2023Detailed filing. Detailed filing data is available for this year.$80.4$45.6$34.8$37.1$31.7$5.34
2022Detailed filing. Detailed filing data is available for this year.$63.0$33.8$29.3$31.8$29.9$1.95
2021Detailed filing. Detailed filing data is available for this year.$60.9$33.6$27.4$32.7$29.4$3.21
2020Detailed filing. Detailed filing data is available for this year.$56.1$33.2$22.9$27.4$25.0$2.33
2019Detailed filing. Detailed filing data is available for this year.$51.6$30.4$21.2$26.4$24.7$1.67
2018Detailed filing. Detailed filing data is available for this year.$48.1$28.3$19.8$25.6$23.8$1.80
2017Detailed filing. Detailed filing data is available for this year.$44.2$26.8$17.4$24.8$23.4$1.45
2016Detailed filing. Detailed filing data is available for this year.$40.6$25.6$14.9$24.5$22.1$2.39
2015Detailed filing. Detailed filing data is available for this year.$36.4$22.8$13.6$21.5$20.1$1.36
2014Detailed filing. Detailed filing data is available for this year.$31.4$19.2$12.2$19.8$18.7$1.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.5$16.8$10.8$16.3$15.4$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$12.0$9.33$14.7
2011Summary only. Only limited summary data is available for this year.$19.9$11.9$8.04$15.1$14.2$0.89