Civic Intelligence

Westminster Christian Private School Inc

990 • Fiscal year 2018 • EIN 59-6057154

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 12, 2019

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

76th percentile

0.59x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

1.11x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

60th percentile

7.0%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$281,357

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

72nd percentile

9.0%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

3.1%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$48,137,534

Up $3,955,131 (+9.0%) from 2017

Net Assets

Up

$19,847,053

Up $2,475,545 (+14%) from 2017

Liabilities

Up

$28,290,481

Up $1,479,586 (+5.5%) from 2017

Revenue

Up

$25,555,659

Up $759,758 (+3.1%) from 2017

Expenses

Up

$23,760,567

Up $409,870 (+1.8%) from 2017

Net Income

Up

$1,795,092

Up $349,888 (+24%) from 2017

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

2018

Assets$48,137,534
Liabilities$28,290,481
Net Assets$19,847,053

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

2018

Revenue$25,555,659
Expenses$23,760,567
Net Income$1,795,092
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 12, 2019
Return Version
2017v2.3
Gross Receipts
$25,679,893
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$25,856,651$26,572,225▲ $715,574
Savings and Temporary Cash Investments$12,243,647$14,999,194▲ $2,755,547
Investments in Publicly Traded Securities$3,256,296$3,655,849▲ $399,553
Cash and Non-Interest-Bearing Accounts$1,058,288$1,576,027▲ $517,739
Accounts Receivable$1,337,532$672,530▼ $665,002
Pledges and Grants Receivable$246,732$288,427▲ $41,695
Prepaid Expenses and Deferred Charges$129,231$143,326▲ $14,095
Inventories for Sale or Use$54,026$49,489▼ $4,537
Total Assets$44,182,403$48,137,534▲ $3,955,131
Other Assets Total-$180,467-
Liabilities
Tax Exempt Bond Liabilities$15,266,930$17,406,700▲ $2,139,770
Deferred Revenue$9,191,440$8,981,641▼ $209,799
Accounts Payable and Accrued Expenses$2,135,672$1,902,140▼ $233,532
Other Liabilities$216,853--
Total Liabilities$26,810,895$28,290,481▲ $1,479,586
Net Assets / Fund Balance
Unrestricted Net Assets$16,733,506$18,983,021▲ $2,249,515
Temporarily Rstr Net Assets$288,000$514,030▲ $226,030
Permanently Rstr Net Assets$350,002$350,002→ $0
Total Net Assets Fund Balance$17,371,508$19,847,053▲ $2,475,545
Total Liabilities and Net Assets / Fund Balance$44,182,403$48,137,534▲ $3,955,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,957,111$7,398,228$25,355,339
Land$4,152,460-$4,152,460
Other Land Buildings$1,626,957$2,420,797$4,047,754
Leasehold Improvements$1,969,653$1,153,847$3,123,500
Equipment$866,044$1,685,456$2,551,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,526,904-▲ $378,945-$4,905,849
2016$4,119,065-▲ $407,839-$4,526,904
2015$3,997,083-▲ $121,982-$4,119,065
2014$3,885,332-▲ $111,751-$3,997,083
2013$3,447,453-▲ $437,879-$3,885,332
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert LundgrenCFOFT$264,478$16,879$281,357
Peter H CabreraSuperintendeFT$197,539-$197,539
Peter H CabreraSuperintendent-$197,539-$197,539
David MedderPrincipalFT$197,005-$197,005
Jared ReedHs Bible TeaFT$119,472-$119,472
Caleb LopezPrincipalFT$107,084-$107,084
Douglas HeetderksElem. Sci. TFT$105,929-$105,929
John ManoogianPrincipalFT$99,579-$99,579

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Overholt ConstructionConstruction18635 SW 105TH AVENUE, Miami, FL 33157$1,012,850
Sage DiningMeals1402 YORK ROAD STE 100, Lutherville, MD 21093$1,010,278
Performance Team SportsSports7911 NW 72 AVENUE SUITE 106, Miami, FL 33166$263,042
Coastal Building MaintenanceMaintenancePO BOX 2153, Birmingham, AL 35287-5180$225,628
Sharp Top CoveYouth Camp76 CAMP HOPE RD, Jasper, GA 30143$171,088
Revenue and Support

Revenue Composition

Contributions and Grants
$586,445
Program Service Revenue
$24,774,790
Investment Income
$132,690
Other Revenue
$61,734
All Other Contributions
$586,445
Change in Net Assets
$1,795,092

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,555,659
Revenue Not Reported on Form 990
$-2,050,095
Total Revenue per Audited Statements
$23,505,564
Total Revenue per Form 990
$25,555,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,085,611
Other Expenses$7,820,174
Grants and Similar Amounts Paid$2,854,782
Total Fundraising Expense$595,323
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,211,893$1,093,898$272,995$9,578,786
Grants to Domestic Individuals$2,854,782--$2,854,782
Depreciation Depletion$1,604,288$213,705$53,333$1,871,326
Other Employee Benefits$1,126,328$150,037$37,444$1,313,809
Pension Plan Contributions$872,443$116,217$29,003$1,017,663
Fees for Services Other$835,989$70,633$28,057$934,679
All Other Expenses$692,955$15,469$25,523$733,947
Payroll Taxes$611,543$81,463$20,330$713,336
Office Expenses$536,302$71,440$17,828$625,570
Current Officers, Directors, Trustees, and Key Employees$396,087$52,762$13,168$462,017
Interest$356,573$47,499$11,854$415,926
Occupancy$324,813$43,268$10,798$378,879
Travel$265,573$35,377$8,829$309,779
Other Expenses$232,673$30,994$7,735$271,402
Insurance$231,946$30,897$7,711$270,554
Information Technology$103,017$75,864-$178,881
Conferences and Meetings$62,441$8,318$2,076$72,835
Fees for Services Management$24,378$3,247$810$28,435
Fees for Services Accounting-$26,964-$26,964
Fees for Services Legal$7,985$14,828-$22,813
Advertising$3,138$418$104$3,660
Total Functional Expenses$20,790,715$2,374,529$595,323$23,760,567

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,760,567
Total Expenses per Form 990$23,760,567
Total Expenses per Audited Statements$21,030,019
Expenses Not Reported on Form 990$-2,730,548
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$185,968
Fundraising Direct Expenses$124,234
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$128,363$128,363$47,092$81,271
Father Daughter$30,199$30,199$12,113$18,086
Total Events$185,968$185,968$124,234$61,734
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

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--$242,183

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
2019-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Lundgren
Formed
1961
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
280
Volunteers
90

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 124,234 financial aid -2,854,782 special event expenses -124,234 financial aid 2,854,782

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 6/30/18, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2015.

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

Special event expenses 124,234 financial aid -2,854,782

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

Special event expenses 124,234 financial aid -2,854,782

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $25M-$50M nonprofits