EASTSIDE CHRISTIAN SCHOOL FOUNDATIO

EIN: 201805102 501(c)(3) Education

GRAND RAPIDS, MI

Total Revenue
$918,725
Total Expenses
$191,451
Total Assets
$1,585,191
Net Assets
$1,585,191
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MI
Principal Officer
WILLIAM ROSS BECKWITH
Phone
6169422939
Tax Period
2024-09-01 to 2025-08-31

EASTSIDE CHRISTIAN SCHOOL FOUNDATIO, founded in 2004, is a small nonprofit in the Education sector that reported $919K in total revenue in fiscal year 2024. Revenue surged 884% from the prior year, signaling strong growth momentum. The organization ran a surplus of $727K, a strong 79% operating margin.

Mission

EASTSIDE CHRISTIAN SCHOOL FOUNDATION WAS FORMED AS A RESPONSE TO THE NEED FOR ADDITIONAL LONG-TERM FINANCIAL SUPPORT FOR THE SCHOOL. WITH THE RISING COST OF EDUCATION WE BELIEVE IT IS IMPORTANT TO ENSURE THAT THE EDUCATION PROVIDED AT EASTSIDE IS AVAILABLE AND AFFORDABLE FOR GENERATIONS TO COME. THE OBJECTIVE OF THE FOUNDATION IS TO ACCUMULATE ENDOWMENT FUNDS WHICH ARE INVESTED FOR LONG-TERM GROWTH. THE EARNINGS OF THE FUND ARE USED TO ENHANCE THE EDUCATION PROVIDED AT EASTSIDE AS WELL AS TO REDUCE THE COST OF TUITION FOR OUR FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,709
Program Service Revenue $0
Investment Income $860,016
Other Revenue $0
TOTAL REVENUE $918,725

Expense Breakdown

Grants Paid $173,600
Salaries & Benefits $0
Fundraising Expenses $752
Program Expenses $174,100
Other Expenses $17,851
TOTAL EXPENSES $191,451

Year-over-Year Comparison

2024 2023 Change
Revenue $918,725 $93,342 +8.8%
Expenses $191,451 $130,425 +0.5%
Net Income $727,274 $-37,083 -20.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM ROSS BECKWITH TREASURER N/A
Officer Director
$0 $0 $0
CHERYL CORSON DIRECTOR N/A
Director
$0 $0 $0
JILL HOP SECRETARY N/A
Officer Director
$0 $0 $0
THOMAS NEWHOF JR PRESIDENT N/A
Officer Director
$0 $0 $0
PHIL KLEYN VICE PRESIDE N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $918,725 $191,451 $1,585,191 $727,274
2024 $93,342 $130,425 $382,599 $-37,083
2023 $92,698 $141,469 $419,682 $-48,771
2022 $121,684 $154,426 $468,453 $-32,742
2021 $128,293 $131,855 $501,195 $-3,562
2020 $83,623 $139,806 $504,757 $-56,183
2019 $77,331 $129,174 $560,940 $-51,843
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