2022 Treasurer's Report

Treasurer’s Annual Report
By: Greg Nicholas
Board Treasurer

We finished the fiscal year on June 30, 2022 with much for which to be thankful!  We have seen God move in many amazing ways this past year and I want to briefly summarize a few things that have clearly displayed God’s guiding and providing hand over our finances:

1.We not only have no outstanding bills or debt of any kind, we carried over a modest balance in our checking account to start the new fiscal year! 

2.This year saw the successful purchase of our Mars Hill campus-which, in itself, was a miraculous story of God accomplishing something that we thought had been permanently closed to us. Once the door was opened we were able to raise enough funds to buy the building outright without borrowing a cent! We still have some work to do on the property and hopefully we can successfully conclude the Capital Campaign before the end of the 2022 with sufficient funds to complete all of the planned improvements. 

3.The Iowa law that grants state tax credits for donations to the Northwest Iowa Christian School Tuition Organization (NICSTO) resulted in CLC receiving over $61,000 that helped many of our families reduce their out-of-pocket payments for tuition. That number will increase to almost $90,000 for the school year to start this fall and will again be used to help qualified families to send their kids to CLC. We don’t want finances to be a bar to any student who otherwise qualifies for CLC. If you would like to help us reach the $90,000 goal this year and receive a 75% state tax credit in the process, please see the Headmaster or any Board member.

Thank you to all who have made sacrifices for your children to attend CLC, to those who gave toward the Capital Campaign, to those who will give again to help reach the Campaign goal, to our staff whose value is priceless but who serve sacrificially for compensation that is a fraction of what a public teacher earns, and especially to those who pray regularly for CLC. I visited briefly with Phil Betz in the parking lot at the Baptist Camp at the end-of-the-year ceremony and after I commented on how it was obvious how God had blessed the Camp with such a beautiful facility, Phil responded by saying that he had prayed for years that what would take place there could only be explained by God’s provision, not by good people working hard. I shared with Phil that I have prayed exactly that same way for CLC! In less than 10 years God has done immeasurably more than we could have ever asked for and He is not done yet!