Complex sentence: Founded in 1945, Christian Home & Bible School is affiliated with, but not directed or funded by, the Churches of Christ and is accredited by the Southern Association of Colleges and Schools and National Christian School Association.
Split into simpler sentences: Founded in 1945, Christian Home & Bible School is affiliated with, but not directed or funded by, the Churches of Christ. It is accredited by the Southern Association of Colleges and Schools and National Christian School Association.