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Abilene Christian Schools Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Primary, Elementary Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its July 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$5.65M (2023)

Expenses
$4.63M (2023)

Total Assets
$19.8M (2023)

Total Liabilities
$11.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,647,148
Expenses
$4,630,821
Net Income
$1,016,327
Net Assets
$7,811,880
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,067,297
18.9%
Program Services $4,261,134
75.5%
Investment Income $77,327
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $126,982
2.2%
Sales of Assets -$51,275
Net Inventory Sales $0
Other Revenue $165,683
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $137,200
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,865,118
40.3%
Assets/Debt
Total Assets $19,759,102
Total Liabilities $11,947,222
Net Assets $7,811,880
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kirk Wade (President Exec Director) $132,124 $0 $0
John L Estes Iii (Trustee) $0 $0 $0
Samantha Adkins (Director) $0 $0 $0
Lisa Rhodes (Trustee) $0 $0 $0
Holly Racca (Director) $0 $0 $0
Charles Anderson (Trustee) $0 $0 $0
Kristian Allen (Trustee) $0 $0 $0
Neal Coates (Trustee) $0 $0 $0
Craig Patteson (Director) $0 $0 $0
Boone Martin (Assistant Secretary) $0 $0 $0
Eric Gumm (Vice Chair) $0 $0 $0
Greg Straughn (Chairman) $0 $0 $0
Stacey Mc Gee (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,727,921
Expenses
$4,152,575
Net Income
$1,575,346
Net Assets
$7,357,282
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,566,919
27.4%
Program Services $3,880,727
67.8%
Investment Income $120,314
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $116,147
2.0%
Sales of Assets $25,377
0.4%
Net Inventory Sales $0
Other Revenue $18,437
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $137,000
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,775,926
42.8%
Assets/Debt
Total Assets $9,323,680
Total Liabilities $1,966,398
Net Assets $7,357,282
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kirk Wade (President Exec Director) $133,471 $0 $0
Kent Rideout (Trustee) $0 $0 $0
Jack Rich (Trustee) $0 $0 $0
Lisa Rhodes (Trustee) $0 $0 $0
John L Estes Iii (Trustee) $0 $0 $0
Charles Anderson (Trustee) $0 $0 $0
Kristian Allen (Trustee) $0 $0 $0
Suzetta Nutt (Trustee) $0 $0 $0
Neal Coates (Trustee) $0 $0 $0
Greg Straughn (Chairman) $0 $0 $0
Boone Martin (Assistant Secretary) $0 $0 $0
Stacey Mc Gee (Secretary) $0 $0 $0
Eric Gumm (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,069,564
Expenses
$3,562,551
Net Income
$507,013
Net Assets
$6,049,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $401,430
9.9%
Program Services $3,422,018
84.1%
Investment Income $88,683
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $107,825
2.6%
Sales of Assets $32,809
0.8%
Net Inventory Sales $0
Other Revenue $16,799
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $128,400
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,618,789
45.4%
Assets/Debt
Total Assets $7,595,936
Total Liabilities $1,545,996
Net Assets $6,049,940
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kirk Wade (President Exec Director) $128,200 $0 $0
Kent Rideout (Trustee) $0 $0 $0
Jack Rich (Trustee) $0 $0 $0
Bryan Shilcutt (Trustee) $0 $0 $0
Lisa Rhodes (Trustee) $0 $0 $0
John L Estes Iii (Trustee) $0 $0 $0
Charles Anderson (Trustee) $0 $0 $0
Kristian Allen (Trustee) $0 $0 $0
Suzetta Nutt (Trustee) $0 $0 $0
Neal Coates (Trustee) $0 $0 $0
Greg Straughn (Chairman) $0 $0 $0
Boone Martin (Assistant Secretary) $0 $0 $0
Brad Crisp (Chair Part Year) $0 $0 $0
Eric Gumm (Vice Chair) $0 $0 $0
Stacey Mc Gee (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,027,773
Expenses
$3,679,892
Net Income
$1,347,881
Net Assets
$5,275,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $965,022
19.2%
Program Services $3,438,217
68.4%
Investment Income $109,240
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $101,252
2.0%
Sales of Assets $13,124
0.3%
Net Inventory Sales $0
Other Revenue $400,918
8.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $128,400
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,724,775
46.9%
Assets/Debt
Total Assets $6,493,525
Total Liabilities $1,217,720
Net Assets $5,275,805
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kirk Wade (President Exec Director) $128,200 $0 $0
Suzetta Nutt (Trustee) $0 $0 $0
Kristian Allen (Trustee) $0 $0 $0
Charles Anderson (Trustee) $0 $0 $0
Eric Gumm (Vice Chair) $0 $0 $0
Neal Coates (Trustee) $0 $0 $0
Brad Crisp (Chariman) $0 $0 $0
Greg Straughn (Secretary) $0 $0 $0
Jack Rich (Trustee) $0 $0 $0
Kent Rideout (Trustee) $0 $0 $0
Bryan Shilcutt (Trustee) $0 $0 $0
John L Estes Iii (Trustee) $0 $0 $0
Stacey Mc Gee (Assistant Secretary) $0 $0 $0
Lisa Rhodes (Trustee) $0 $0 $0
Boone Martin (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,345,129
Expenses
$3,737,059
Net Income
$608,070
Net Assets
$3,983,146
Notable Sources of Revenue Percent of Total Revenue
Contributions $763,899
17.6%
Program Services $3,426,311
78.9%
Investment Income $109,474
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $61,974
1.4%
Sales of Assets -$34,560
Net Inventory Sales $0
Other Revenue $18,031
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $125,725
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,665,343
44.6%
Assets/Debt
Total Assets $5,173,907
Total Liabilities $1,190,761
Net Assets $3,983,146
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kirk Wade (President Exec Director) $125,725 $0 $0
Suzetta Nutt (Trustee) $0 $0 $0
Kristian Allen (Trustee) $0 $0 $0
Charles Anderson (Trustee) $0 $0 $0
Eric Gumm (Vice Chair) $0 $0 $0
Neal Coates (Trustee) $0 $0 $0
Brad Crisp (Chariman) $0 $0 $0
Greg Straughn (Secretary) $0 $0 $0
Jack Rich (Trustee) $0 $0 $0
Kent Rideout (Trustee) $0 $0 $0
Bryan Shilcutt (Trustee) $0 $0 $0
John L Estes Iii (Trustee) $0 $0 $0
Stacey Mc Gee (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,136,632
Expenses
$3,720,541
Net Income
$416,091
Net Assets
$3,388,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $626,308
15.1%
Program Services $3,334,722
80.6%
Investment Income $21,396
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $64,067
1.5%
Sales of Assets $63,079
1.5%
Net Inventory Sales $0
Other Revenue $27,060
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $125,725
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,630,222
43.8%
Assets/Debt
Total Assets $4,295,600
Total Liabilities $906,961
Net Assets $3,388,639

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,840,530
Expenses
$3,887,574
Net Income
-$47,044
Net Assets
$2,979,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $198,891
5.2%
Program Services $3,480,291
90.6%
Investment Income -$3,256
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $67,579
1.8%
Sales of Assets $60,821
1.6%
Net Inventory Sales $0
Other Revenue $36,204
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $118,074
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,564,893
40.3%
Assets/Debt
Total Assets $3,813,535
Total Liabilities $834,355
Net Assets $2,979,180

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,019,031
Expenses
$3,621,064
Net Income
$397,967
Net Assets
$2,941,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $232,047
5.8%
Program Services $3,177,654
79.1%
Investment Income $20,722
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $239,219
6.0%
Sales of Assets $95,822
2.4%
Net Inventory Sales $0
Other Revenue $253,567
6.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $111,739
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,519,047
42.0%
Assets/Debt
Total Assets $3,695,894
Total Liabilities $754,869
Net Assets $2,941,025

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,939,830
Expenses
$3,635,245
Net Income
$304,585
Net Assets
$2,633,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $162,890
4.1%
Program Services $3,337,563
84.7%
Investment Income $20,323
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $90,458
2.3%
Sales of Assets $80,196
2.0%
Net Inventory Sales $0
Other Revenue $248,400
6.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $109,465
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,485,833
40.9%
Assets/Debt
Total Assets $3,098,544
Total Liabilities $464,919
Net Assets $2,633,625

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,830,526
Expenses
$3,655,286
Net Income
$175,240
Net Assets
$2,397,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $331,135
8.6%
Program Services $3,293,452
86.0%
Investment Income $46,632
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $85,719
2.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $73,588
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $108,022
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,427,624
39.1%
Assets/Debt
Total Assets $2,847,703
Total Liabilities $450,133
Net Assets $2,397,570

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,536,920
Expenses
$3,230,295
Net Income
$306,625
Net Assets
$2,135,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $412,418
11.7%
Program Services $2,962,936
83.8%
Investment Income $56,205
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $91,629
2.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,732
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,702
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,270,780
39.3%
Assets/Debt
Total Assets $2,365,182
Total Liabilities $229,982
Net Assets $2,135,200

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,556,581
Expenses
$2,296,620
Net Income
$259,961
Net Assets
$1,753,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $388,965
15.2%
Program Services $2,036,193
79.6%
Investment Income $36,547
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $82,552
3.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,324
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,176,637
51.2%
Assets/Debt
Total Assets $2,046,422
Total Liabilities $292,750
Net Assets $1,753,672

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,126,108
Expenses
$2,160,703
Net Income
-$34,595
Net Assets
$1,494,352
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,300
2.5%
Program Services $1,973,995
92.8%
Investment Income $26,020
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $64,741
3.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,052
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,013
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,112,462
51.5%
Assets/Debt
Total Assets $1,720,445
Total Liabilities $226,093
Net Assets $1,494,352

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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