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).

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Transparency grade

A

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Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating178 of 110420 of 48
Fund acquisition rating46 of 110516 of 48
Resource allocation rating526 of 110528 of 48
Asset utilization rating411 of 110421 of 48

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%7%5%6%8%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%3%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
16%30%39%34%34%39%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%2%2%3%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
84%70%61%66%66%61%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%82%84%76%81%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%110%111%79%103%84%
Program output ratio Program output ratio =
Program services /
Total revenue
74%90%93%60%84%66%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%-10%-11%21%-3%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%-8%-9%15%-2%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%16%14%21%16%18%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.460.500.530.330.500.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.083.153.995.075.966.59
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.451.592.131.672.972.68
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.013.708.757.952.241.36
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.330.270.110.130.450.73
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.195.514.996.272.231.19
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
33%41%40%40%42%43%
Debt ratio Debt ratio =
Debt /
Total assets
12%32%37%38%34%32%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%117%113%181%116%140%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,030,836$1,409,363$1,771,656$1,253,934$1,223,883
Receivables, inventories, prepaids$2,699$2,699$2,699$2,699$2,699
Short-term investments$1,688,114$1,722,684$922,050$718,836$630,472
Other current assets$0$0$0$0$0
Total current assets$3,721,649$3,134,746$2,696,405$1,975,469$1,857,054
Long-term investments$0$0$0$0$0
Fixed assets$5,828,985$5,921,129$6,013,947$6,118,824$6,269,898
Other long-term assets$2,165,712$3,462,790$4,970,250$3,680,243$4,116,583
Total long-term assets$7,994,697$9,383,919$10,984,197$9,799,067$10,386,481
Total assets$11,716,346$12,518,665$13,680,602$11,774,536$12,243,535
 
Liabilities20222021202020192018
Payables and accrued expenses$1,006,441$358,407$339,359$882,616$1,364,496
Other current liabilities$0$0$0$0$0
Total current liabilities$1,006,441$358,407$339,359$882,616$1,364,496
Debt$3,775,865$4,609,934$5,157,928$4,062,124$3,891,711
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$3,775,865$4,609,934$5,157,928$4,062,124$3,891,711
Total liabilities$4,782,306$4,968,341$5,497,287$4,944,740$5,256,207
 
Net assets20222021202020192018
Without donor restrictions$6,410,216$6,871,590$5,984,458$4,714,280$6,987,328
With donor restrictions$523,824$678,734$2,198,857$2,115,516$0
Net assets$6,934,040$7,550,324$8,183,315$6,829,796$6,987,328
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$1,628,395$2,350,477$1,916,539$1,968,182$2,300,105
Program service revenue$3,657,446$3,615,315$3,718,970$3,704,739$3,629,227
Membership dues$0$0$0$0$0
Investment income$38,723$24,959$38,961$4,125$2,778
Other revenue$36,218$34,860$34,860$34,860$24,915
Total other revenue$3,732,387$3,675,134$3,792,791$3,743,724$3,656,920
Total revenue$5,360,782$6,025,611$5,709,330$5,711,906$5,957,025
 
Expenses20222021202020192018
Program services$4,837,225$5,614,616$3,448,347$4,769,720$3,960,359
Management and general$962,524$936,522$945,036$942,348$912,845
Fundraising$114,629$129,029$118,740$157,370$101,668
Total expenses$5,914,378$6,680,167$4,512,123$5,869,438$4,974,872
 
Change in net assets20222021202020192018
Surplus (deficit)($553,596)($654,556)$1,197,207($157,532)$982,153
Other changes in net assets$0$0$0$0$0
Total change in net assets($553,596)($654,556)$1,197,207($157,532)$982,153

Compensation

NameTitleCompensation
Joe HalePresident$168,057
Dennis LugarVice President$133,704
Duane JobeVice President$122,122
Jedidiah HaleVice President$102,699

Compensation data as of: 6/30/2022


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!


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