Network of International Christian Schools

The information on this page was last updated 7/23/2024. 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: 5

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 rating525 of 110233 of 49
Fund acquisition rating31 of 110315 of 49
Resource allocation rating941 of 110346 of 49
Asset utilization rating637 of 110229 of 49

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%9%7%5%6%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%3%2%2%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%36%30%39%34%34%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%2%2%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%64%70%61%66%66%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%72%82%84%76%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%86%110%111%79%103%
Program output ratio Program output ratio =
Program services /
Total revenue
80%61%90%93%60%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%14%-10%-11%21%-3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%11%-8%-9%15%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%24%16%14%21%16%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.430.500.530.330.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.102.683.153.995.075.96
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.871.151.592.131.672.97
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.064.753.708.757.952.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.330.210.270.110.130.45
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.178.265.514.996.272.23
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
32%34%41%40%40%42%
Debt ratio Debt ratio =
Debt /
Total assets
9%26%32%37%38%34%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
137%155%117%113%181%116%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$2,908,102$2,030,836$1,409,363$1,771,656$1,253,934
Receivables, inventories, prepaids$2,699$2,699$2,699$2,699$2,699
Short-term investments$1,481,083$1,688,114$1,722,684$922,050$718,836
Other current assets$0$0$0$0$0
Total current assets$4,391,884$3,721,649$3,134,746$2,696,405$1,975,469
Long-term investments$0$0$0$0$0
Fixed assets$5,736,472$5,828,985$5,921,129$6,013,947$6,118,824
Other long-term assets$1,620,871$2,165,712$3,462,790$4,970,250$3,680,243
Total long-term assets$7,357,343$7,994,697$9,383,919$10,984,197$9,799,067
Total assets$11,749,227$11,716,346$12,518,665$13,680,602$11,774,536
 
Liabilities20232022202120202019
Payables and accrued expenses$925,557$1,006,441$358,407$339,359$882,616
Other current liabilities$0$0$0$0$0
Total current liabilities$925,557$1,006,441$358,407$339,359$882,616
Debt$3,013,314$3,775,865$4,609,934$5,157,928$4,062,124
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,894$0$0$0$0
Total long-term liabilities$3,020,208$3,775,865$4,609,934$5,157,928$4,062,124
Total liabilities$3,945,765$4,782,306$4,968,341$5,497,287$4,944,740
 
Net assets20232022202120202019
Without donor restrictions$7,241,239$6,410,216$6,871,590$5,984,458$4,714,280
With donor restrictions$562,223$523,824$678,734$2,198,857$2,115,516
Net assets$7,803,462$6,934,040$7,550,324$8,183,315$6,829,796
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$2,133,779$1,628,395$2,350,477$1,916,539$1,968,182
Program service revenue$3,673,753$3,657,446$3,615,315$3,718,970$3,704,739
Membership dues$0$0$0$0$0
Investment income$34,604$38,723$24,959$38,961$4,125
Other revenue$34,860$36,218$34,860$34,860$34,860
Total other revenue$3,743,217$3,732,387$3,675,134$3,792,791$3,743,724
Total revenue$5,876,996$5,360,782$6,025,611$5,709,330$5,711,906
 
Expenses20232022202120202019
Program services$3,605,441$4,837,225$5,614,616$3,448,347$4,769,720
Management and general$1,227,010$962,524$936,522$945,036$942,348
Fundraising$202,015$114,629$129,029$118,740$157,370
Total expenses$5,034,466$5,914,378$6,680,167$4,512,123$5,869,438
 
Change in net assets20232022202120202019
Surplus (deficit)$842,530($553,596)($654,556)$1,197,207($157,532)
Other changes in net assets$0$0$0$0$0
Total change in net assets$842,530($553,596)($654,556)$1,197,207($157,532)

Compensation

NameTitleCompensation
Blake WeaverPresident$139,522
Duane JobeVice President$134,769
Jedidiah HaleVice President$122,601
Chris WilsonCFO$63,602

Compensation data as of: 6/30/2023


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 7/23/2024. 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!

14 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.

12 Countries

Brazil, Korea (3), Peru, Turkey, Indonesia, Malaysia, 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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