Heritage Christian Schools 
The information on this page was last updated 10/6/2026. If you see errors or omissions, please email: [email protected]
Summary
Serving the Greater Metro Milwaukee community, Heritage Christian Schools is an independent 3K-HS college preparatory school.
Contact information
Mailing address:
Heritage Christian Schools
3500 South Glen Park Road
New Berlin, WI 53151
Website: www.heritagechristianschools.org
Phone: (262) 432-0333
Email: [email protected]
Organization details
EIN: 391255868
CEO/President: Mark Stanton
Chairman: Jeremy Kassulke
Board size: 4
Founder:
Ruling year: 1978
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Our goal is for students to know and love God deeply, to integrate biblical principles in all areas of learning, and to recognize that true joy and fulfillment come from living for God's glory. All decisions are made with the intention of honoring God, uplifting Christ, and guiding students toward truth through a biblical lens.
Mission statement
Inspiring servant leaders through an exceptional, Christ-centered education.
Statement of faith
We believe the Bible to be the inspired, the only infallible, authoritative Word of God. (2 Tim. 3:16, 2 Peter 1:20-21)
We believe there is one God, eternally existent in three persons: Father, Son and Holy Spirit. (Revelation 22:13, Isaiah 40:28, John 1:1, 2 Corinthians 13:14, Matthew 28:19)
We believe in the Deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory. (Colossians 2:9, Matthew 1:23, 2 Corinthians 5:21, 1 Peter 2:4, Hebrews 9:24, Hebrews 9:28)
We believe that man is sinful by nature and that salvation is found only in Jesus Christ. (Ecclesiastes 7:20, Romans 3:23, Romans 6:23, Ephesians 1:7, John 14:6, Romans 5:10-11)
We believe in the bodily resurrection of both the saved and the lost; those who are saved unto life, and those who are lost unto damnation. (Philippians 3:20-21, John 5:28-29, I Thessalonians 4:13-18, Revelation 20:11-15)
We believe in the regenerative and continuing ministry of the Holy Spirit by whose indwelling the Christian is able to live a Godly life. (Titus 3:5-6, Romans 8:9, John 14:26)
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 | | 512 of 1582 | 71 of 271 |
| Fund acquisition rating | | 1212 of 1583 | 211 of 271 |
| Resource allocation rating | | 125 of 1583 | 22 of 271 |
| Asset utilization rating | | 603 of 1583 | 92 of 271 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 39% | 44% | 46% | 5% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 3% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 12% | 5% | 5% | 6% | 23% | 11% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 3% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 88% | 95% | 95% | 94% | 77% | 89% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 95% | 95% | 94% | 96% | 96% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 92% | 93% | 98% | 77% | 87% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 87% | 88% | 92% | 73% | 84% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 8% | 7% | 2% | 23% | 13% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 8% | 7% | 2% | 25% | 15% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 3% | 3% | 3% | 3% | 3% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.67 | 0.64 | 0.62 | 0.62 | 0.67 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.13 | 3.27 | 3.65 | 3.75 | 1.59 | 1.47 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.98 | 2.20 | 2.32 | 2.32 | 0.99 | 0.99 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 5.38 | 4.55 | 2.98 | 5.72 | 5.14 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.19 | 0.22 | 0.34 | 0.17 | 0.19 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.53 | 4.44 | 4.03 | 3.43 | 10.04 | 9.80 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 29% | 33% | 34% | 24% | 37% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 23% | 27% | 25% | 13% | 24% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 116% | 106% | 106% | 107% | 122% | 94% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2021 | 2020 |
| Cash | $3,094,275 | $2,777,865 | $2,585,959 | $4,801,800 | $4,324,566 |
| Receivables, inventories, prepaids | $373,249 | $256,474 | $188,478 | $278,607 | $655,196 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,467,524 | $3,034,339 | $2,774,437 | $5,080,407 | $4,979,762 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $7,646,334 | $7,562,736 | $7,624,898 | $2,694,084 | $2,196,041 |
| Other long-term assets | $240,365 | $470,631 | $5,001 | $316,953 | $137,603 |
| Total long-term assets | $7,886,699 | $8,033,367 | $7,629,899 | $3,011,037 | $2,333,644 |
| Total assets | $11,354,223 | $11,067,706 | $10,404,336 | $8,091,444 | $7,313,406 |
| Liabilities | 2025 | 2024 | 2023 | 2021 | 2020 |
| Payables and accrued expenses | $496,207 | $486,446 | $531,734 | $448,503 | $335,260 |
| Other current liabilities | $148,282 | $179,774 | $400,352 | $439,225 | $634,268 |
| Total current liabilities | $644,489 | $666,220 | $932,086 | $887,728 | $969,528 |
| Debt | $2,606,662 | $2,941,688 | $2,566,948 | $1,067,241 | $1,724,758 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $2,606,662 | $2,941,688 | $2,566,948 | $1,067,241 | $1,724,758 |
| Total liabilities | $3,251,151 | $3,607,908 | $3,499,034 | $1,954,969 | $2,694,286 |
| Net assets | 2025 | 2024 | 2023 | 2021 | 2020 |
| Without donor restrictions | $8,103,072 | $7,459,798 | $6,905,302 | $6,136,475 | $4,619,120 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $8,103,072 | $7,459,798 | $6,905,302 | $6,136,475 | $4,619,120 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2021 | 2020 |
| Total contributions | $412,396 | $364,114 | $383,460 | $1,521,385 | $629,064 |
| Program service revenue | $7,324,879 | $6,751,149 | $5,729,503 | $4,763,661 | $4,739,060 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $59,654 | $50,217 | $7,450 | $11,393 | ($9,158) |
| Other revenue | $475,241 | $436,443 | $467,646 | $233,954 | $263,612 |
| Total other revenue | $7,859,774 | $7,237,809 | $6,204,599 | $5,009,008 | $4,993,514 |
| Total revenue | $8,272,170 | $7,601,923 | $6,588,059 | $6,530,393 | $5,622,578 |
| Expenses | 2025 | 2024 | 2023 | 2021 | 2020 |
| Program services | $7,237,137 | $6,668,317 | $6,080,532 | $4,798,543 | $4,729,450 |
| Management and general | $230,647 | $219,335 | $183,670 | $145,895 | $135,584 |
| Fundraising | $161,112 | $159,775 | $176,963 | $68,600 | $46,566 |
| Total expenses | $7,628,896 | $7,047,427 | $6,441,165 | $5,013,038 | $4,911,600 |
| Change in net assets | 2025 | 2024 | 2023 | 2021 | 2020 |
| Surplus (deficit) | $643,274 | $554,496 | $146,894 | $1,517,355 | $710,978 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $643,274 | $554,496 | $146,894 | $1,517,355 | $710,978 |
Compensation
Compensation data for this ministry has not been collected.
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 10/6/2026. To update the information below, please email: [email protected]