Christ School INC EIN 56-0615187

Christ School INC

EIN  56-0615187 Public charity (501(c)(3)) Arden, NC Founded 1907
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/10/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates boys in grades 8-12 for college and good character.
Leadership
Sean Jenkins · Head of School · $390K
Money in and out
$43.3M revenue, $23.6M expenses
Bottom line
78% program efficiency

Educates boys in grades 8-12 for college and good character. For fiscal year 2024 it reported $43.3M in revenue, $23.6M in expenses, and $66.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$43.3M
Pt VIII · Ln 12
Total expenses
$23.6M
Pt IX · Ln 25
Net assets
$66.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19.7M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.13 Fundraising $0.09
Program efficiency
78%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
17.5mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
+45%
revenue over expenses, this year▲ ×15 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$43.3M
FY2024▲ +100%
Expenses
$23.6M
FY2024▲ +6%
Total assets
$67.9M
FY2024▲ +43%
Total liabilities
$1.2M
FY2024▼ -23%
Total revenue
$43.3M
Pt VIII · Ln 12
Total expenses
$23.6M
Pt IX · Ln 25
Net assets
$66.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19.7M
Total assetsPt X · Ln 16$67.9M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $18.4M of program spending, described in the organization's own filed words · FY2024.
01

As a college preparatory school for nearly 300 boys in grades 8-12, the school prepares its students for success and achievement in leading colleges in the united states. Classes are small, but demanding, and are built around critical thinking through research, incisive analysis, and good writing with 30 honors level and 18 advanced…

$18.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChrist School INC
EINHdr · item D56-0615187
Principal addressHdr · item CArden, NC
WebsiteHdr · item Jwww.christschool.org
Year of formationHdr · item L1907
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B250)
Ruling yearIRS BMFMar 1944

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Head of School
$389,965Pt VII · Sec A
Assistant Head of School for External Affairs
$152,998Pt VII · Sec A
Director of Facilties
$125,013Pt VII · Sec A
Director of College Guidance
$115,021Pt VII · Sec A
Senior Endowment Gifts Officer
$104,977Pt VII · Sec A
Dean of Academics
$104,552Pt VII · Sec A
Director of Safety and Security
$102,565Pt VII · Sec A
CFO from 6/2024
$78,333Pt VII · Sec A

Sean Jenkins’s $390K as Head of School is at the 79th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Paul Krieger$645,533$436,883
Sean Jenkins$389,965$369,771$359,875$317,500
Betsy Ellis$152,998
Katherine Ellis$146,100$137,900$131,697$126,647
Dwight Phillips$137,500
Dwight Philips$131,750
Dwight L Phillips$126,650$122,250
Danny Elmer$125,013

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$22.2M · 51%
Program service revenue$18.4M · 42%
Investment income$2.2M · 5%
Other revenue$510K · 1%
Contributions & grants51%$22.2M
Program service revenue42%$18.4M
Investment income5%$2.2M
Other revenue1%$510K
— government grantsLn 1e$382K
Total revenueLn 12$43.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.13 Fundraising $0.09
Program services78%$18.4M
Management & general13%$3.2M
Fundraising9%$2.0M
Total functional expensesLn 25$23.6M

Balance Sheet

Part X · end of year
CashLn 1$10.3M
Total assetsLn 16$67.9M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$66.8M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34.5M · Operating expenses (Pt IX) $23.6M · Less non-cash grants $11K · Cash operating expenses/yr $23.6M
17.5 months
Where the money goes
Program services
Program services $18.4M · Total expenses $23.6M
78%
Management & General
Management & general $3.2M · Total expenses $23.6M
13%
Fundraising
Fundraising $2.0M · Total expenses $23.6M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $1.5M · Solicited contributions (3-yr avg) $9.7M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $22.2M · Total revenue $43.3M
51%
Government reliance
Government grants $382K · Total revenue $43.3M
1%
Earned-income share
Program service revenue $18.4M · Total revenue $43.3M
42%
Investment reliance
Investment income $2.2M · Total revenue $43.3M
+5%
Program self-sufficiency
Program service revenue $18.4M · Total expenses $23.6M
78%
Growth & trend
Revenue growth (YoY)
This year $43.3M · Prior year $21.6M
+100%
Revenue CAGR
FY2020 $22.2M · FY2024 $43.3M
+18%
Net-asset trend (YoY)
End of year $66.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $43.3M · Expenses $23.6M
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $67.9M
Net-asset ratio
Net assets $66.8M · Total assets $67.9M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $24.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $67.9M
36%
People & payroll
Highest Reported Total Compensation
Individual Sean Jenkins · Reported title HEAD OF SCHOOL · Highest reported compensation $390K · Total expenses $23.6M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.3M · Total expenses $23.6M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 13%
Fundraising cost ratio 9%
Revenue growth 100%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$185K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$21.6M revenue · ⤓ 990 PDF
FY2023$18.3M revenue · ⤓ 990 PDF
FY2022$22.4M revenue · ⤓ 990 PDF
FY2021$22.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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