2024-11-12T17:03:18-06:00 2023-07-31 843828205 GARLAND & GREENWOOD CPAS AND ADVISORS 813 SW RAINTREE LN STE 23 BENTONVILLE AR 72712 990 2022-08-01 264283493 LIFE WAY CHRISTIAN SCHOOL LIFE 4797959322 PO BOX 220 CENTERTON AR 72719 ALLEN WILLIAMS PRESIDENT 4797959322 2024-11-12 1 1 JAKE FROEMSDORF P01977299 4792037555 2024-10-25 2022 2024-10-15 13:58:12Z X ALLEN WILLIAMS 351 W CENTERTON BLVD CENTERTON AR 72719 3623304 0 X WWW.LWCSAR.COM X 2008 AR LIFE WAY CHRISTIAN SCHOOL IS ORGANIZED TO PROVIDE BIBLICALLY-BASED CHRISTIAN EDUCATION. 4 4 114 0 0 0 0 57500 3153554 3544230 1544 21574 0 0 3155098 3623304 0 0 0 0 2654915 2908698 0 0 0 499234 448618 3154149 3357316 949 265988 665675 847165 349240 337507 316435 509658 X AS A MINISTRY OF FIRST BAPTIST CHURCH CENTERTON, LIFE WAY CHRISTIAN SCHOOL WILL: ENTER INTO A PARTNERSHIP WITH CHRISTIAN FAMILIES IN ORDER TO EQUIP YOUNG PEOPLE WITH A BIBLICAL WORLDVIEW SO THEY CAN ENGAGE THE CULTURE IN A WAY THAT WILL EXALT THE NAME OF CHRIST. 0 0 3312629 3523294 TO PROVIDE BIBLICALLY BASED CHRISTIAN EDUCATION TO STUDENTS. 3312629 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 114 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X LIFE WAY CHRISTIAN SCHOOL 4797959322 351 W CENTERTON BLVD CENTERTON AR 72719 X JIM BRADFORD BOARD MEMBER 0.25 X 0 0 0 JOJI VARGHESE BOARD MEMBER 0.25 X 0 0 0 ROBERT EVANS BOARD MEMBER 0.25 X 0 0 0 CLIFF MATHIS PRESIDENT 0.25 X 0 0 0 ALLEN WILLIAMS HEAD OF SCHOOL 30.00 X 0 0 0 0 0 0 0 0 0 0 0 57500 57500 PROGRAM INCOME 611110 3523294 3523294 GENERAL INCOME 611110 16076 16076 EXPLORE INCOME 611110 4860 4860 3544230 21574 21574 3623304 3565804 0 0 2240707 2240707 490517 490517 177474 177474 6262 6262 18495 18495 13968 13968 988 988 CLASSROOM EXPENSE 131609 131609 LUNCHROOM EXPENSE 120719 120719 SCHOOL SAFETY 33918 33918 FEES 29365 29365 93294 73364 19930 3357316 3312629 44687 0 628700 803194 20515 11014 43913 10956 16460 32957 665675 847165 24674 5253 324566 332254 349240 337507 X 19992 294695 296443 214963 316435 509658 665675 847165 X 265988 -72765 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43913 10956 32957 32957 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICIES ON PUBLIC WEBSITE. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TRANSACTIONS TO/FROM PARTIES WHERE A CONFLICT OF INTEREST MAY ARISE ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: COMPENSATION PROCESS FOR TOP OFFICIAL: FIRST BAPTIST CHURCH OF CENTERTON APPROVES COMPENSATION ANNUALLY. LINE 15B: COMPENSATION PROCESS FOR OFFICERS: THE BOARD OF DIRECTORS APPROVES COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACCOUNTING METHOD CHANGE -72,765. PART XII, LINE 1 WENT TO CASH DUE TO THE FACT THAT ALMOST ALL OF OUR INCOME IS BASED ON ACTUAL PEOPLE WHO WALK THROUGH THE DOOR AND DECIDE TO STAY. THERE ARE MANY FACTORS WHICH COULD CHANGE OUR INCOME QUICKLY AS THE SCHOOL JUST EXPERIENCED WITH COVID. RECESSIONS HIT PRIVATE SCHOOLS PARTICULARLY HARD AND ARE SOMEWHAT UNPREDICTABLE. ALSO, FROM MY EXPERIENCE WORKING WITH PUBLIC SCHOOLS, THEY ARE AUDITED BASED ALMOST ENTIRELY ON A CASH SYSTEM AND ARE AUDITED USING STATE REGULATORY BASIS AND RULES INSTEAD OF THE GOVERNMENTAL ACCOUNTING AND STANDARDS WITH FEW EXCEPTIONS. AMENDED RETURN EXPLANATION OF CHANGES THE BOOKS USED FOR THE ORIGINAL 2022 RETURN WERE INCOMPLETE. THEY DID NOT REPORT ALL INFORMATION THROUGH THE END OF THE FISCAL YEAR.