Network of International Christian Schools 
The information on this page was last updated 3/14/2023. If you see errors or omissions, please email: [email protected]
Summary
We are a unique ministry that God is using to change lives all over the world.
Contact information
Mailing address:
Network of International Christian Schools
3790 Goodman Rd. E.
Southaven, MS 38672
Website: nics.org
Phone: 1-800-887-6427
Email: [email protected]
Organization details
EIN: 581988777
CEO/President: Blake Weaver
Chairman: Dr. Harry Phillips
Board size: 6
Founder: Dr. Joe Hale
Ruling year: 1992
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2013
Purpose
Reaching the world for Christ through international Christian education.
Mission statement
The mission of NICS is to establish a worldwide network of international Christian schools staffed by qualified Christian educators, instilling in each student a Biblical worldview in an environment of academic excellence and respect for people of all cultures and religions.
Statement of faith
We believe the Scriptures, both Old and New Testaments, to be the inspired Word of God (Exodus 24:4; Psalms 19:7-10; Luke 24:44; Matthew 5:17-18), without error in the original writings (Deuteronomy 4:1-2), the complete revelation of His will for the salvation of man, and the divine and final authority for all Christian faith, life, and conduct (2 Timothy 3:16; 2 Peter 1:20-21).
We believe in one God (John 10:30), Creator of all things (Genesis 1:1), infinitely perfect and eternally existing in three persons: Father, Son, and Holy Spirit (Matthew 28:19).
We believe that Jesus Christ, without any change in His eternal deity (John 10:31-38; Hebrews 1:3), became man through conception of the Holy Spirit and virgin birth (Luke 1:31-35), that He died on the cross (Mark 15:23-26; John 19:16-18), a perfect and complete sacrifice, in our stead and for our sin according to the Scriptures (Hebrews 9:13-15; Ephesians 1:6-7). He arose bodily from the dead and ascended into heaven (1 Corinthians 15:3-4; Acts 1:6-11) where, at the right hand of the Majesty on High, He is now our High Priest and Advocate (Hebrews 2:16-17).
We believe that the ministry of the Holy Spirit is to glorify the Lord Jesus Christ (John 16:13-14) and, during this age, to convict of sin and regenerate the sinner upon belief in Christ (John 16:7-12; Romans 8:9; 1 Corinthians 6:11); at the time of regeneration baptizing the believer into the one body of which Christ is the head (Galatians 3:26-28) and to indwell, guide, instruct, fill, and empower the believer for godly living and service (Romans 8:26-27 & 15:13; Proverbs 3:5-6).
We believe that man was directly created by God in His own image (Genesis 1:27), but fell into sin (Genesis 3). The entire human race is, therefore, lost and only through repentance (2 Corinthians 7:10), faith in Jesus Christ (Ephesians 2:4-9), and regeneration of the Holy Spirit, can salvation and spiritual life be obtained (Romans 8:13-14).
We believe that the atoning death of Jesus Christ and His resurrection provide the only ground of justification and salvation for all who believe (John 14:6; Acts 4:12), and that only such as receive Jesus Christ by personal faith are born of the Holy Spirit and by Him sealed to the day of redemption (Ephesians 4:30).
We believe in the personal return of the Lord Jesus Christ (2 Timothy 4:1), and that the hope of His appearing has a vital bearing on the personal life and service of the believer (2 Timothy 1:8-10).
We believe in the bodily resurrection of all the dead (Romans 8:11), of the believer to everlasting blessedness and joy with the Lord (Romans 4:7-8), and of the unbeliever to judgment and everlasting and conscious punishment (Matthew 25:46; Hebrews 10:29).
We believe that the Church is composed of all such persons who, through saving faith in Jesus Christ, have been regenerated by the Holy Spirit and are united together in the body of Christ, of which He is the head (Romans 12:4-5; 1 Corinthians 12:12-13).
We believe that water baptism and the Lord's Supper are ordinances to be observed by the Church during this present age. They are, however, not to be regarded as a means of salvation (Matthew 28:19; Acts 18:8; 1 Corinthians 11:23-29).
We believe that all the saved should live in such a manner as will honor and glorify and not bring reproach upon their Savior and Lord, and that it is commanded of God to remain separate from false doctrine, sinful pleasures, practices, and associations (Ephesians 5:25-27; 1 Peter 2:11).
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 116 of 1094 | 6 of 47 |
| Fund acquisition rating | | 20 of 1097 | 10 of 47 |
| Resource allocation rating | | 390 of 1097 | 15 of 47 |
| Asset utilization rating | | 375 of 1094 | 16 of 47 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 5% | 6% | 8% | 4% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 3% | 2% | 2% | 3% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 16% | 39% | 34% | 34% | 39% | 35% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 3% | 2% | 3% | 3% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 84% | 61% | 66% | 66% | 61% | 65% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 84% | 76% | 81% | 80% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 111% | 79% | 103% | 84% | 90% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 93% | 60% | 84% | 66% | 70% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -11% | 21% | -3% | 16% | 10% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -9% | 15% | -2% | 14% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 14% | 21% | 16% | 18% | 20% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.44 | 0.53 | 0.33 | 0.50 | 0.41 | 0.47 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.29 | 3.99 | 5.07 | 5.96 | 6.59 | 5.71 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.55 | 2.13 | 1.67 | 2.97 | 2.68 | 2.69 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 3.23 | 8.75 | 7.95 | 2.24 | 1.36 | 1.75 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.31 | 0.11 | 0.13 | 0.45 | 0.73 | 0.57 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.19 | 4.99 | 6.27 | 2.23 | 1.19 | 1.91 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 32% | 40% | 40% | 42% | 43% | 43% |
Debt ratio Debt ratio = Debt / Total assets | 14% | 37% | 38% | 34% | 32% | 33% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 138% | 113% | 181% | 116% | 140% | 120% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $1,409,363 | $1,771,656 | $1,253,934 | $1,223,883 | $1,116,875 |
| Receivables, inventories, prepaids | $2,699 | $2,699 | $2,699 | $2,699 | $2,699 |
| Short-term investments | $1,722,684 | $922,050 | $718,836 | $630,472 | $744,912 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,134,746 | $2,696,405 | $1,975,469 | $1,857,054 | $1,864,486 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $5,921,129 | $6,013,947 | $6,118,824 | $6,269,898 | $5,818,348 |
| Other long-term assets | $3,462,790 | $4,970,250 | $3,680,243 | $4,116,583 | $2,966,918 |
| Total long-term assets | $9,383,919 | $10,984,197 | $9,799,067 | $10,386,481 | $8,785,266 |
| Total assets | $12,518,665 | $13,680,602 | $11,774,536 | $12,243,535 | $10,649,752 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $358,407 | $339,359 | $882,616 | $1,364,496 | $1,066,035 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $358,407 | $339,359 | $882,616 | $1,364,496 | $1,066,035 |
| Debt | $4,609,934 | $5,157,928 | $4,062,124 | $3,891,711 | $3,561,236 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $4,609,934 | $5,157,928 | $4,062,124 | $3,891,711 | $3,561,236 |
| Total liabilities | $4,968,341 | $5,497,287 | $4,944,740 | $5,256,207 | $4,627,271 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $6,871,590 | $5,984,458 | $4,714,280 | $6,987,328 | $6,022,481 |
| With donor restrictions | $678,734 | $2,198,857 | $2,115,516 | $0 | $0 |
| Net assets | $7,550,324 | $8,183,315 | $6,829,796 | $6,987,328 | $6,022,481 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $2,350,477 | $1,916,539 | $1,968,182 | $2,300,105 | $1,963,204 |
| Program service revenue | $3,615,315 | $3,718,970 | $3,704,739 | $3,629,227 | $3,594,842 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $24,959 | $38,961 | $4,125 | $2,778 | $6,481 |
| Other revenue | $34,860 | $34,860 | $34,860 | $24,915 | $0 |
| Total other revenue | $3,675,134 | $3,792,791 | $3,743,724 | $3,656,920 | $3,601,323 |
| Total revenue | $6,025,611 | $5,709,330 | $5,711,906 | $5,957,025 | $5,564,527 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $5,614,616 | $3,448,347 | $4,769,720 | $3,960,359 | $3,919,362 |
| Management and general | $936,522 | $945,036 | $942,348 | $912,845 | $998,546 |
| Fundraising | $129,029 | $118,740 | $157,370 | $101,668 | $104,386 |
| Total expenses | $6,680,167 | $4,512,123 | $5,869,438 | $4,974,872 | $5,022,294 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | ($654,556) | $1,197,207 | ($157,532) | $982,153 | $542,233 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($654,556) | $1,197,207 | ($157,532) | $982,153 | $542,233 |
Compensation
| Name | Title | Compensation |
| Joe Hale | President | $165,948 |
| Dennis Lugar | Sr V.P. | $128,174 |
| Duane Jobe | Vice President | $103,695 |
| Jedidiah Hale | Vice President | $86,756 |
Compensation data as of: 6/30/2019
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 3/14/2023. To update the information below, please email: [email protected]
History
For a timeline, visit www.nics.org/about/history
Program accomplishments
4900 Students
The NICS network is growing, now extending its influence to students and their families numbering in the thousands. These students will become tomorrow's leaders.
100 Nations
From Afghanistan to Zimbabwe, our students come with rich culture, heritage, diversity, and motivation to learn!
15 Schools
From small (under 100 students) to large (over 800 students), K-12 programs, instruction in English, issuing the U.S. high school diploma, accredited by U.S. regional agencies and ACSI.
13 Countries
Brazil, Korea (3), Peru, Turkey, Indonesia, Malaysia, China, Bolivia, Kenya, Kosova, Singapore, Tanzania and the USA (NorthStar Academy - our on-line school).
Educators who believe
Living out our faith and appropriately sharing God's Truth...
We can change the world!
One life at a time... developing relationships that have impact... modeling a godly life... investing in students... sharing our lives with others... resulting in dynamic students who will make their mark on the world!