Civic Intelligence

Faith Christian School Inc

EIN 75-2784724 • 501(c)3 • Grapevine, TX

Profile

Faith christian school exists to develop and graduate authentic christian leaders, with purposeful and intentional teaching of students to pursue christ, infuse the scripture in learning and living, and engage the culture for christ.

730 E Worth StreetGrapevine, TX 76051

www.grapevinefaith.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.52x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

1.09x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$354,382

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

38th percentile

2.0%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$42,332,271

Up $847,729 (+2.0%) from 2023

Liabilities

Down

$21,938,232

Down $1,152,194 (-5.0%) from 2023

Net Assets

Up

$20,394,039

Up $1,999,923 (+11%) from 2023

Revenue

Up

$20,131,454

Up $1,975,770 (+11%) from 2023

Expenses

Up

$18,098,857

Up $774,225 (+4.5%) from 2023

Net Income

Up

$2,032,597

Up $1,201,545 (+145%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $24,599,803Liabilities 2011: $20,472,334Net Assets 2011: $4,127,4692011Assets 2012: $25,441,564Liabilities 2012: $20,873,405Net Assets 2012: $4,568,1592012Assets 2013: $26,711,464Liabilities 2013: $21,109,442Net Assets 2013: $5,602,0222013Assets 2014: $29,146,684Liabilities 2014: $21,498,522Net Assets 2014: $7,648,1622014Assets 2015: $32,996,871Liabilities 2015: $24,038,542Net Assets 2015: $8,958,3292015Assets 2016: $35,198,306Liabilities 2016: $26,288,071Net Assets 2016: $8,910,2352016Assets 2017: $33,567,091Liabilities 2017: $24,562,618Net Assets 2017: $9,004,4732017Assets 2018: $33,152,698Liabilities 2018: $24,023,334Net Assets 2018: $9,129,3642018Assets 2019: $33,324,757Liabilities 2019: $23,408,779Net Assets 2019: $9,915,9782019Assets 2020: $36,781,646Liabilities 2020: $24,261,285Net Assets 2020: $12,520,3612020Assets 2021: $39,015,118Liabilities 2021: $23,943,029Net Assets 2021: $15,072,0892021Assets 2022: $41,555,947Liabilities 2022: $24,002,897Net Assets 2022: $17,553,0502022Assets 2023: $41,484,542Liabilities 2023: $23,090,426Net Assets 2023: $18,394,1162023Assets 2024: $42,332,271Liabilities 2024: $21,938,232Net Assets 2024: $20,394,0392024

Highlighted filing

2024

Assets$42,332,271
Liabilities$21,938,232
Net Assets$20,394,039

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $9,332,4532011Expenses 2012: $9,953,5042012Revenue 2013: $10,919,444Expenses 2013: $9,893,763Net Income 2013: $1,025,6812013Revenue 2014: $14,150,298Expenses 2014: $11,108,324Net Income 2014: $3,041,9742014Revenue 2015: $12,576,826Expenses 2015: $11,261,540Net Income 2015: $1,315,2862015Revenue 2016: $12,321,247Expenses 2016: $12,369,692Net Income 2016: -$48,4452016Revenue 2017: $12,371,234Expenses 2017: $12,289,548Net Income 2017: $81,6862017Revenue 2018: $12,947,718Expenses 2018: $12,827,493Net Income 2018: $120,2252018Revenue 2019: $14,146,309Expenses 2019: $13,383,350Net Income 2019: $762,9592019Revenue 2020: $15,823,821Expenses 2020: $13,250,144Net Income 2020: $2,573,6772020Revenue 2021: $15,876,044Expenses 2021: $13,453,795Net Income 2021: $2,422,2492021Revenue 2022: $16,561,839Expenses 2022: $13,900,704Net Income 2022: $2,661,1352022Revenue 2023: $18,155,684Expenses 2023: $17,324,632Net Income 2023: $831,0522023Revenue 2024: $20,131,454Expenses 2024: $18,098,857Net Income 2024: $2,032,5972024

Highlighted filing

2024

Revenue$20,131,454
Expenses$18,098,857
Net Income$2,032,597

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.3$21.9$20.4$20.1$18.1$2.03
2023Detailed filing. Detailed filing data is available for this year.$41.5$23.1$18.4$18.2$17.3$0.83
2022Detailed filing. Detailed filing data is available for this year.$41.6$24.0$17.6$16.6$13.9$2.66
2021Detailed filing. Detailed filing data is available for this year.$39.0$23.9$15.1$15.9$13.5$2.42
2020Detailed filing. Detailed filing data is available for this year.$36.8$24.3$12.5$15.8$13.3$2.57
2019Detailed filing. Detailed filing data is available for this year.$33.3$23.4$9.92$14.1$13.4$0.76
2018Detailed filing. Detailed filing data is available for this year.$33.2$24.0$9.13$12.9$12.8$0.12
2017Detailed filing. Detailed filing data is available for this year.$33.6$24.6$9.00$12.4$12.3$0.08
2016Detailed filing. Detailed filing data is available for this year.$35.2$26.3$8.91$12.3$12.4$0.05
2015Detailed filing. Detailed filing data is available for this year.$33.0$24.0$8.96$12.6$11.3$1.32
2014Detailed filing. Detailed filing data is available for this year.$29.1$21.5$7.65$14.2$11.1$3.04
2013Summary only. Only limited summary data is available for this year.$26.7$21.1$5.60$10.9$9.89$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$20.9$4.57$9.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$20.5$4.13$9.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 12, 2025
Return Version
2023v6.0
Gross Receipts
$20,868,865
Mission and Program Overview

Mission

Faith Christian School exists to develop and graduate authentic Christian leaders, with purposeful and intentional teaching of students to pursue Christ, infuse the scripture in learning and living, and engage the culture for Christ.

Faith christian school exists to develop and graduate authentic christian leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,418,876$20,905,191▼ $1,513,685
Accounts Receivable$6,951,670$7,338,280▲ $386,610
Savings and Temporary Cash Investments$6,858,343$6,937,644▲ $79,301
Cash and Non-Interest-Bearing Accounts$789,096$592,727▼ $196,369
Investments in Publicly Traded Securities$875,510$557,069▼ $318,441
Inventories for Sale or Use$160,079$164,278▲ $4,199
Prepaid Expenses and Deferred Charges$207,318$135,140▼ $72,178
Total Assets$41,484,542$42,332,271▲ $847,729
Other Assets Total$3,223,650$5,701,942▲ $2,478,292
Liabilities
Deferred Revenue$13,458,597$13,544,727▲ $86,130
Tax Exempt Bond Liabilities$8,031,229$7,689,076▼ $342,153
Accounts Payable and Accrued Expenses$944,800$704,429▼ $240,371
Mortgage Notes Payable Secured by Investment Property$655,800$0▼ $655,800
Total Liabilities$23,090,426$21,938,232▼ $1,152,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,377,290$18,132,698▲ $755,408
Net Assets With Donor Restrictions$1,016,826$2,261,341▲ $1,244,515
Total Net Assets Fund Balance$18,394,116$20,394,039▲ $1,999,923
Total Liabilities and Net Assets / Fund Balance$41,484,542$42,332,271▲ $847,729

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,757,796$13,392,341$28,715,956
Land$4,660,221-$4,027,831
Equipment$276,488$1,965,836$2,242,324
Other Land Buildings$210,686$539,765$750,451
Other Assets Org$5,701,942--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$489,749$2,876,217▲ $43,484$1,127,682$2,261,341
2022$478,767-▲ $10,982-$489,749
2021$532,711-▼ $53,944-$478,767
2020$468,145-▲ $64,566-$532,711
2019$440,315-▲ $27,830-$468,145
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ed SmithPresident, CEOPT$202,638$151,744$202,638
Jon BrooksVP Student DevelopmentPT-$136,167$136,167
David ArmstrongVP Finance & OperationsFT$130,881-$130,881
Jeffrey Michael HornerVP of AcademicsFT$130,438-$130,438
Michelle TaylorDirector of College & Academic AdvisingFT$118,607-$118,607
Keith HallHigh School PrincipalFT$103,471-$103,471

Board Members and Trustees

NameTitle
Brian WilliamsTrustee, Chairman
Bobby BeckTrustee
Brian MirauTrustee
Carrie NormanTrustee
Chris McdowellTrustee
Courtney AtwoodTrustee
John SurvilTrustee
Jon ChasteenTrustee
Jonathan StitesTrustee
Michael SimpsonTrustee
Sheila FairlyTrustee
Bruce WilsonEx-officio

Highest Paid Contractors

ContractorServicesLocationCompensation
Birch ConstructionConstruction Services4403 N CENTRAL EXPRESSWAY, Dallas, TX 75205$596,118
Epic Resource GroupAudio Visual Equipment Supplier1919 WALL STREET, Dallas, TX 75215$419,238
Fransen PittmanConstruction Services11101 NORTH STEMMONS FREEWAY, Dallas, TX 75229$285,251
Ben E Keith DfwFood And Beverage Products7650 WILL ROGERS BLVD, Fort Worth, TX 76140$254,116
Ga Fence INCFencing And Lawn Maintenance3161 N MAIN ST, Mansfield, TX 76063$215,571
Revenue and Support

Revenue Composition

Contributions and Grants
$3,317,844
Program Service Revenue
$16,513,217
Investment Income
$296,457
Other Revenue
$3,936
All Other Contributions
$2,831,599
Change in Net Assets
$2,032,597

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$154,348Average High/low
Cars and Other Vehicles2$98,250Fair Market Value
Other Non Cash Contri Table3$65,092Fair Market Value
Other Non Cash Contri Table5$48,500Purchase Price
Other Non Cash Contri Table30$27,200Fair Market Value
Other Non Cash Contri Table2$9,250Fair Market Value
Total Noncash Contributions47$402,640-

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,125,792
Revenue Not Reported on Financial Statements
$5,662
Revenue Not Reported on Form 990
$672,901
Other Revenue Adjustments
$5,662
Total Revenue per Audited Statements
$20,798,693
Total Revenue per Form 990
$20,131,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,538,820
Other Expenses$5,529,544
Total Fundraising Expense$880,009
Grants and Similar Amounts Paid$796,560
Professional Fundraising Fees$233,933

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,111,557$1,404,624$330,881$8,847,062
Other Employee Benefits$1,562,093$225,032$40,332$1,827,457
Depreciation Depletion$1,259,360$349,368$83,957$1,692,685
Occupancy$815,395$180,204$433$996,032
Payroll Taxes$507,110$99,937$24,006$631,053
Grants to Domestic Individuals$542,630--$542,630
Other Expenses$299,903--$299,903
Interest$197,652$52,707$13,178$263,537
Grants to Domestic Orgs$248,268--$248,268
Information Technology-$245,195-$245,195
Fees for Services Professional Fundraising--$233,933$233,933
Pension Plan Contributions$187,310$37,053$8,885$233,248
Travel$128,013$63,315$1,912$193,240
Office Expenses$42,413$61,428$5,213$109,054
All Other Expenses-$80,446$28,327$108,773
Advertising--$88,885$88,885
Conferences and Meetings$25,784$29,708-$55,492
Fees for Services Other$12,073$16,350$20,067$48,490
Fees for Services Accounting-$25,925-$25,925
Fees for Services Legal-$7,421-$7,421
Foreign Grants$5,662--$5,662
Total Functional Expenses$14,340,135$2,878,713$880,009$18,098,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,732,910
Total Expenses per Form 990$18,098,857
Expenses per Audited Statements$18,093,195
Expenses Not Reported on Form 990$639,715
Expenses Not Reported on Financial Statements$5,662
Other Expense Adjustments$5,662
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Faith Church of GrapevineGrapevine, TX501(c)(3)Local and International Missions, Church Ministries, Salaries of Ministers and Assistant, Leadership Classes, and Pastoral Training$248,268

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$368,049
Professional Fundraising Fees$233,933
Fundraising Gross Income$202,119

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$688,364$202,119$73,750$128,369
Total Events$688,364$202,119$368,049$-165,930
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family Member of PresidentEmployee CompensationNo$57,565
Ashley KhanFamily Members of OfficerPayment for Event Decor and Event SetupNo$7,469
-President on Board of OrganizationLeadership Consulting & Student RetreatNo$3,370
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANewark Cultural Education Facilities2015-08-20$10,495,000Reinance previous bond issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is completed by an outside accounting firm. It is reviewed by the president and the finance committee of the board. After the return is approved by the president and the finance committee chair, a copy of the 990 and all schedules open to public inspection are distributed to each board member before the return is filed. The finance committee is responsible for answering any questions once the other members have had an opportunity to review the return. The director of finance will assist the finance committee chair as needed.

Form 990, Part VI, Section B, Line 12C

At the time of nomination and acceptance of a new board member, all potential conflicts of interest are disclosed as required by policy and the bylaws. It is the responsibility of the board member to disclose any conflict of interest that my arise. The cfo and director of accounting monitor all transactions involving any board member, officer, or family member. Any potential conflict of interest is reviewed by the finance committee and brought to the attention of the board as needed.

Form 990, Part VI, Section B, Line 15

The compensation committee of the governing board is responsible for determining and recommending the compensation of the president. The committee uses survey data, consultants, 990's, ad other experts to research comparable salaries and benefits of similar positions in the market place. Once the committee has determined the compensation, the proposed package is reviewed by legal counsel. The full board then votes on the compensation package and contract is issued. The vote of the board is documented in the meeting minutes. A new contract was issued in 2021. The board, via bylaws and executive limitations has granted the president the right to determine the salary of other officers and key employees within the limits as set by the board approved budget. Survey, experts, and other 990's of similar organizations are used by the president to aid in that determination.

Form 990, Part VI, Section C, Line 18

The business office at the school maintains a file with copies of the governing documents, board minutes, board policies, audited/reviewed financials, and 990's to be available upon verbal or written request. The 990 and other basic financial information is published on guidestar.org.

Form 990, Part VI, Section C, Line 19

The business office at the school maintains a file with copies of the governing documents, board minutes, board policies, reviewed financials, and 990's to be available upon verbal or written request. The 990 and other basic financial information is published on guidestar.org.

Filing and Contact Details

Filer

Filer Name
Faith Christian School Inc
EIN
75-2784724
Phone
8178132484
Address
730 E WORTH STREET, GRAPEVINE, TX 76051
Doing Business As
Grapevine Faith Christian School

Signing Officer

Name
Ed Smith
Title
President, CEO
Phone
8178132484
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Smith
Formed
1999
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
271
Volunteers
500

Preparer

Firm
Bonadio & Co Llp
Address
7557 RAMBLER RD SUITE 600, DALLAS, TX 75231
Preparer
Paul Knutson
Phone
5853811000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Earnings from the endowment are to provide tuition assistance for families with financial needs. Earnings have been added to the endowment in order to grow to a targeted amount.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct rental expenses included on part viii 97,672. Direct fundraising expenses included on part viii 270,353. Direct cost of goods sold included on part viii 271,690.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grant - flowthrough to foreign charitable organization 5,662.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct rental expenses included on part viii 97,672. Direct fundraising expenses included on part viii 270,353. Direct cost of goods sold included on part viii 271,690.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grant - flowthrough to foreign charitable organization 5,662.

Schedule D, Part V

Starting with the 7/31/24 ye, the endowment funds will include all the funds that have donor restrictions, per the audit report.

Raw XML AppendixShowing 400 of 892 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0FAITH CHRISTIAN SCHOOL EXISTS TO DEVELOP AND GRADUATE AUTHENTIC CHRISTIAN LEADERS.
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IRS990/Desc0FAITH CHRISTIAN SCHOOL PROVIDES HIGH QUALITY ACADEMICS, ATHLETICS, AND CREATIVE ARTS SERVING A STUDENT POPULATION OF APPROXIMATELY 800 STUDENTS. FAITH OFFERS NUMEROUS ADVANCE PLACEMENT CLASSES, DUAL CREDIT COURSES, HONORS PROGRAMS AND AN EXTENSIVE PROGRAM SERVING THOSE STUDENTS WITH LEARNING DIFFERENCES. THE ELEMENTARY READING PROGRAM FOCUSES ON INDEPENDENT AND ANALYTICAL COMPREHENSION OF LITERATURE. ALL GRADES PARTICIPATE IN FIELD TRIPS AND CLASS ACTIVITIES OUTSIDE THE CLASSROOM IN ORDER TO BROADEN AND ENHANCE THE LEARNING EXPERIENCE. BIBLICAL INTEGRATION AND PARENTAL INVOLVEMENT IS INTEGRAL TO THE EDUCATION PROCESS AT FAITH CHRISTIAN SCHOOL. LEADERSHIP TRAINING BEGINS IN KINDERGARTEN AND CONTINUES UNTIL GRADUATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13HIGH SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP STUDENT DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP FINANCE & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF ACADEMICS
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