2024-05-14T13:52:50-05:00 2023-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2022-07-01 390932603 RACINE SOCIETY FOR CHRISTIAN INSTRUCTION RACI 2626340961 912 VIRGINIA STREET RACINE WI 53405 STEVEN MARTIN SCHOOL ACCOUNTANT 2626340961 2024-05-14 1 STEVEN MARTIN 999009999 1 JASON WRASSE P01455199 4142717800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVEN MARTIN 912 VIRGINIA STREET RACINE WI 53405 2024561 0 X N/A X 1924 WI RACINE SOCIETY OF CHRISTIAN INSTRUCTION PROVIDES A CHRIST-CENTERED, QUALITY EDUCATION WHICH WILL EQUIP GOD'S CHILDREN TO FUNCTION AS CHRISTIANS IN SOCIETY, CHURCH, AND HOME. THE SCHOOL'S HERTIAGE, CHARTER AND GOVERANCE ARE CLOSELY TIED TO THE REFORMED FAITH AND CURRENT ENROLLMENT INCLUDES FAMILIES FROM OVER THIRTY-SIX DIFFERENT DENOMINATIONS. 8 5 38 175 0 0 198131 303211 1335307 1467013 62074 50452 16962 27516 1612474 1848192 13124 8586 0 0 939161 1078462 0 0 23618 455187 402605 1407472 1489653 205002 358539 1644394 2066327 166962 230421 1477432 1835906 RACINE SOCIETY OF CHRISTIAN INSTRUCTION PROVIDES COVENANT YOUTH WITH INSTRUCTION THAT IS FULLY IN HARMONY WITH THE WORD OF GOD, AND WILL EQUIP THEM TO SERVE GOD EFFECTIVELY IN HIS WORLD. 0 0 1312401 8586 1468194 OPERATION OF A PRIVATE SCHOOL OFFERING PROGRAMS TO K5 THROUGH 12TH GRADE DURING THE YEAR ENDED JUNE 30, 2023. THE SCHOOL SERVED APPROXIMATELY 150 STUDENTS DURING THE YEAR. 1312401 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 X X STEVEN MARTIN 2626340961 5435 SUNSHINE LANE RACINE WI 53402 X DAVE VAN BUREN PRESIDENT 3.00 X X 0 0 0 ERIC MULDER VICE PRESIDENT 2.00 X X 0 0 0 RANDY FRIESEMA TREASURER 3.00 X X 0 0 0 AMY FRIESEMA SECRETARY 3.00 X X 0 0 0 CAREY PATTERSON DIRECTOR 3.00 X 0 0 0 BONNIE ROZANAS DIRECTOR 2.00 X 0 0 0 PAUL CONLEY DIRECTOR 2.00 X 0 0 0 JUDY VAN SWOL DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 13128 64961 225122 26315 303211 TUITION 611600 1406686 1406686 SPECIAL NEEDS SCHOLARS 611600 31735 31735 MILK AND MEAL PURCHASE 611600 15459 15459 PROGRAM FEES 611600 13133 13133 1467013 74047 74047 26262 49857 -23595 -23595 -23595 44068 13128 22836 21232 21232 108779 103676 5103 5103 MISCELLANEOUS 900099 1181 1181 1181 1848192 1468194 0 76787 8586 8586 872174 784957 78496 8721 49184 44265 4427 492 93050 83645 8394 1011 64054 57649 5765 640 20400 5100 15300 25 25 14225 8731 5024 470 7732 5799 1933 46687 39875 4195 2617 41114 34563 4495 2056 101162 85960 14987 215 1704 1661 43 7789 7010 701 78 23423 19909 3514 18807 15986 1881 940 CURRICULUM SUPPLIES 57759 49095 5776 2888 BUS LEASE 19848 19848 FOOD SERVICE 18861 18861 STUDENT ACTIVITIES EXPE 16237 16237 6832 4664 611 1557 1489653 1312401 153634 23618 540692 682103 61060 71627 2355 4138 33743 2178 11231 20472 280948 91491 106614 189457 881006 993553 7693 102799 1644394 2066327 156306 144874 10656 10462 0 75085 166962 230421 X 469519 698780 1007913 1137126 1477432 1835906 1644394 2066327 358539 -4069 4004 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 938338 142772 45266 64928 1061448 1116153 54550 -171883 60482 938338 959899 10517 172457 26720 1116153 858430 15089 120593 34213 959899 787050 35860 86238 50718 858430 1.00000 0 0 200624 69636 130988 26186 1600 24586 54138 20255 33883 189457 OPERATING LEASE LIABILITY 75085 75085 X 1855370 -4069 19275 -8586 6620 1848750 25 -583 -558 1848192 1496896 15271 583 15854 1481042 25 8586 8611 1489653 PART V, LINE 4: THE FUND IS USED TO CREATE A STRONG AND CONTINUING FINANCIAL BASE FOR THE SCHOOL. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE SCHOOL IS NOT CONSIDERED A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. HE SCHOOL HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. MANAGEMENT OF THE SCHOOL EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. IN MANAGEMENT'S OPINION, THE SCHOOL HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT REPORTED A CORRESPONDING LIABILITY IN THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANTS INCLUDED IN EXPENSES FOR 990 -8,586. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -583. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 583. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS INCLUDED IN EXPENSES FOR 990 8,586. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACINE SOCIETY FOR CHRISTIAN INSTRUCTION PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE AND ON THE PAW PRINT (SCHOOL'S WEEKLY NEWSLETTER). SCHEDULE E, PART I, LINE 6 THE ORGANIZATION PARTICIPATES IN THE RACINE PARENTAL CHOICE PROGRAM AND THE SPECIAL NEEDS SCHOLARSHIP CHOICE PROGRAM ADMINISTERED BY THE WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION. THE PROGRAM PROVIDES SUPPORT IN THE FORM OF A TUITION VOUCHER TO LOW INCOME CITY OF RACINE RESIDENTS THAT ENROLL IN THE SCHOOL. AUCTION 24549 13128 11421 10625 576 250 1065 FUN WALK 11991 11991 8 20656 20656 10320 57196 13128 44068 10625 576 250 11385 22836 21232 0 TUITION ASSISTANCE 25 8586 AMY FRIESEMA BOARD MEMBER 126 TUITION ASSISTANCE DAVID VAN BUREN BOARD MEMBER 258 TUITION ASSISTANCE JUDY VAN SWOL BOARD MEMBER 144 TUITION ASSISTANCE WENDY MARGOWSKI EMPLOYEE OF THE SCHOOL 278 TUITION ASSISTANCE CHRISTINA WEBSTER EMPLOYEE OF THE SCHOOL 473 TUITION ASSISTANCE STEVEN MARTIN EMPLOYEE OF THE SCHOOL 45 TUITION ASSISTANCE DAVID VAN BUREN BOARD MEMBER 5162 PAYS FOR CHILD TO ATTEND SCHOOL 0 AMY FRIESEMA BOARD MEMBER 9312 PAYS FOR CHILDREN TO ATTEND SCHOOL 0 JUDY VAN SWOL BOARD MEMBER 5162 PAYS FOR GRAND CHILDREN TO ATTEND SCHOOL 0 X CURRICULUM SUPPLIES 2 15690 FAIR MARKET VALUE X AUCTION ITEMS 144 10625 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 AMY FRIESEMA AND RANDY FRIESEMA HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS A SOCIETY THAT ELECTS THE BOARD OF DIRECTORS FOR A THREE YEAR TERM AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS VOTE ON BOARD POSITIIONS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION HAS VOTING MEMBERS THAT APPROVE THE ANNUAL BUDGET RECOMMENDED BY THE BOARD OF DIRECTORS AND ALSO ANY ITEMS OF BUSINESS REQUIRING MEMBERSHIP VOTE AT THE ANNUAL MEETING (E.G. A PROPOSED CONSTITUTIONAL AMENDMENT). FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE BEFORE SUBMITTAL. IT IS ALSO AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C AS THE NEW BOARD OF DIRECTORS IS FORMED EACH YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED AND ANY CONFLICT OF INTEREST WOULD REQUIRE DISCLOSURE AND NON-PARTICIPATION IN RELATED BOARD DECISIONS. FORM 990, PART VI, SECTION B, LINE 15A THERE IS ONLY 1 COMPENSATED MANAGEMENT EMPLOYEE AND THAT IS THE PRINCIPAL. NONE OF THE BOARD OF DIRECTORS RECEIVE ANY COMPENSATION. THE COMPENSATION FOR THE PRINCIPAL IS ESTABLISHED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE AND THE FINANCE COMMITTEE USE THE COMPARABILITY DATA FROM CHRISTIAN SCHOOLS INTERNATIONAL IN ESTABLISHING EMPLOYEE SALARIES. THE COMPENSATION OF THE PRINCIPAL IS WELL BELOW THE MINIMUM IRS DEFINITION OF SALARY OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. A WRITTEN NOTICE TO PARENTS AND ORGANIZATION MEMBERS IS GIVEN THAT THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE SCHOOL'S OVERSIGHT IS CONSISTENT WITH PRIOR YEARS.