Prince Avenue Christian School 
The information on this page was last updated 3/26/2026. If you see errors or omissions, please email: [email protected]
Summary
Founded in 1978, Prince Avenue Christian School provides a comprehensive, quality, college preparatory education with a Christian worldview from PreK-3 through 12th grade. We desire to honor God, pursue excellence, and disciple students through academics, athletics, and the arts.
Contact information
Mailing address:
Prince Avenue Christian School
2201 Ruth Jackson Road
Bogart, GA 30622
Website: princeave.org
Phone: 678-726-2300
Email: [email protected]
Organization details
EIN: 010548823
CEO/President: Seth Hathaway
Chairman: Brian Elrod
Board size: 13
Founder: Bill Ricketts
Ruling year: 2005
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Guided by God's Word as our foundation, we aspire to be the preferred choice for Christian families in Northeast Georgia by providing a premier college preparatory education while discipling students to grow in a personal relationship with Jesus Christ.
Mission statement
Prince Avenue Christian School's mission is to partner with Christian families to provide scripturally based discipleship while pursuing excellence in academics, fine arts, and athletics from a biblical worldview.
Statement of faith
Donor confidence score
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Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 252 of 1435 | 34 of 191 |
| Fund acquisition rating | | 215 of 1435 | 55 of 191 |
| Resource allocation rating | | 495 of 1435 | 66 of 191 |
| Asset utilization rating | | 616 of 1436 | 79 of 191 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 6% | 6% | 1% | 5% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 18% | 16% | 46% | 20% | 21% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 82% | 84% | 54% | 80% | 79% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 86% | 85% | 86% | 86% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 86% | 85% | 55% | 82% | 88% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 74% | 73% | 48% | 71% | 74% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 14% | 15% | 45% | 18% | 12% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 13% | 14% | 52% | 25% | 19% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 13% | 13% | 12% | 13% | 15% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.59 | 0.60 | 0.49 | 0.76 | 0.92 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.99 | 2.13 | 1.42 | 1.49 | 1.92 | 1.22 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.80 | 1.25 | 0.85 | 0.73 | 1.46 | 1.12 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 1.93 | 3.09 | 3.29 | 1.61 | 2.49 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.52 | 0.32 | 0.30 | 0.62 | 0.40 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | 4.64 | 9.56 | 11.40 | 3.12 | 6.42 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 27% | 25% | 22% | 32% | 33% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 117% | 125% | 125% | 159% | 89% | 73% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $10,118,730 | $11,726,087 | $12,684,153 | $6,090,739 | $6,615,786 |
| Receivables, inventories, prepaids | $1,787,781 | $1,418,411 | $381,591 | $403,503 | $1,127,267 |
| Short-term investments | $0 | $2,101,371 | $1,999,155 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $11,906,511 | $15,245,869 | $15,064,899 | $6,494,242 | $7,743,053 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $12,625,635 | $5,748,718 | $6,555,715 | $5,827,690 | $1,654,390 |
| Other long-term assets | $841,727 | $657,296 | $829,061 | $178,900 | $65,477 |
| Total long-term assets | $13,467,362 | $6,406,014 | $7,384,776 | $6,006,590 | $1,719,867 |
| Total assets | $25,373,873 | $21,651,883 | $22,449,675 | $12,500,832 | $9,462,920 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $1,731,024 | $812,251 | $771,742 | $624,434 | $385,722 |
| Other current liabilities | $4,425,813 | $4,114,220 | $3,814,077 | $3,408,551 | $2,720,839 |
| Total current liabilities | $6,156,837 | $4,926,471 | $4,585,819 | $4,032,985 | $3,106,561 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $631,147 | $525,417 | $380,940 | $0 | $0 |
| Total long-term liabilities | $631,147 | $525,417 | $380,940 | $0 | $0 |
| Total liabilities | $6,787,984 | $5,451,888 | $4,966,759 | $4,032,985 | $3,106,561 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $14,962,939 | $7,701,322 | $9,633,310 | $7,806,975 | $2,761,379 |
| With donor restrictions | $3,622,950 | $8,498,673 | $7,849,606 | $660,872 | $3,594,980 |
| Net assets | $18,585,889 | $16,199,995 | $17,482,916 | $8,467,847 | $6,356,359 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $3,112,638 | $2,438,946 | $9,153,912 | $2,326,205 | $2,112,553 |
| Program service revenue | $13,651,181 | $12,181,075 | $10,729,974 | $9,303,746 | $7,729,478 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $447,553 | $559,290 | $177,753 | $10,925 | $11,451 |
| Other revenue | $37,920 | $10,790 | ($19,605) | ($53,543) | $8,264 |
| Total other revenue | $14,136,654 | $12,751,155 | $10,888,122 | $9,261,128 | $7,749,193 |
| Total revenue | $17,249,292 | $15,190,101 | $20,042,034 | $11,587,333 | $9,861,746 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $12,786,018 | $11,063,153 | $9,527,348 | $8,171,420 | $7,299,352 |
| Management and general | $1,902,294 | $1,735,203 | $1,368,366 | $1,193,594 | $1,262,736 |
| Fundraising | $175,086 | $155,453 | $131,251 | $110,832 | $99,713 |
| Total expenses | $14,863,398 | $12,953,809 | $11,026,965 | $9,475,846 | $8,661,801 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $2,385,894 | $2,236,292 | $9,015,069 | $2,111,487 | $1,199,945 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,385,894 | $2,236,292 | $9,015,069 | $2,111,487 | $1,199,945 |
Compensation
| Name | Title | Compensation |
| Dr Seth Hathaway | Head of School | $305,000 |
| Greg Vandagriff | Head Varsity Football coach & Strength Training | $133,021 |
| Richard Ricketts | Athletic Director | $130,535 |
| Daniel Kempf | High School Principal | $100,490 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/26/2026. To update the information below, please email: [email protected]
History
Through the vision of Pastor Bill Ricketts, Prince Avenue Christian School opened in 1978 in downtown Athens as a ministry of Prince Avenue Baptist Church. The school got its start by meeting in the church's facilities, and new grades were added each year with the first class of three students graduating in 1986. During those early years, students were taught using the self-paced Accelerated Christian Education System, and traditional classroom instruction evolved as the school matured. As the school grew, the mascot was changed from the Minutemen to the Wolverines, and the school earned accreditation by the Association of Christian Schools International (ACSI) and the Southern Association of Colleges and Schools (SACS). The early years saw membership in the Georgia Christian Athletic Association (GCAA), but as the school grew, it became a member of Georgia High School Association (GHSA), which was followed by its relocation to a new 40-acre campus in Oconee County.
Once relocated on the Oconee campus, the school continued to grow and new academic and cocurricular activities were added. Today, the school is accredited by the rigorous standards established by the Southern Association of Independent Schools (SAIS)/AdvancEd/SACS and ACSI, and offers academic courses that include honors, advanced placement, and dual enrollment classes. The fine arts program includes award-winning visual, choral, drama, band, and performing arts. The school's robust athletic program has organized sports from second to twelfth grade with fourteen varsity sports and multiple GHSA region championships; yearly, several graduates are recruited to play college athletics. Teaching from a biblical worldview with God's word as its foundation, Prince Avenue Christian School places a strong emphasis on its covenant model that admits families who are professing believers in Jesus Christ. The school's strategic goal is to inspire young men and women to become fully devoted followers of Jesus Christ and to challenge them to achieve their highest academic, artistic, and athletic potential.