Heritage Christian University
- Assets
- $22.1m
- Revenue
- $3.7m
- Investments
- $15.3k
- Employees
- 54
- Location
- Florence, AL
- Founding
- 09/1972
- Data as of
- 06/2022
- EIN
- 23-7013287
Organization Overview
Heritage Christian University is located in Florence, AL. The organization was established in 1972. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Heritage Christian University employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Christian University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Heritage Christian University generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HERITAGE CHRISTIAN UNIVERSITY EQUIPS SERVANTS THROUGH UNDERGRADUATE AND GRADUATE AND CONTINUING EDUCATION. HCU PRODUCES EFFECTIVE COMMUNICATORS, PREACHERS, TEACHERS AND MISSIONARIES FOR REAL WORLD MINISTRY WITH A FOCUS ON EVANGELISM AND A COMMITMENT TO SCRIPTURE. HCU IS AWARE OF THE BURDEN DEBT PLACES ON ITS STUDENTS SO HCU MAKES EVERY EFFORT TO GRADUATE STUDENTS DEBT FREE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
061100 UNDERGRADUATE & GRADUATE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Kirk Brothers President | Officer | 40 | $79,850 |
Michael Jackson V.P. Of Academics | Officer | 40 | $57,680 |
Freddie Moon Senior V.P. For Administration | Officer | 40 | $54,773 |
Robert Youngblood V.P. Of Advancement | Officer | 40 | $48,056 |
Travis Harmon V.P. Of Student Services | Officer | 40 | $47,776 |
Dale Jenkins Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,485,716 |
| Noncash contributions included in lines 1a–1f | $1,172,004 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,485,716 |
| Total Program Service Revenue | $1,338,816 |
| Investment income | -$1,693,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $609,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,740,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $417,615 |
| Compensation of current officers, directors, key employees. | $102,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,348,430 |
| Pension plan accruals and contributions | $41,548 |
| Other employee benefits | $269,849 |
| Payroll taxes | $62,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $29,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,093 |
| Advertising and promotion | $35,924 |
| Office expenses | $560,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $313,818 |
| Travel | $142,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,226 |
| Interest | $90 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,640 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,073,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $1,038,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,547 |
| Prepaid expenses and deferred charges | $228,327 |
| Net Land, buildings, and equipment | $3,075,977 |
| Investments—publicly traded securities | $17,734,757 |
| Investments—other securities | $15,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,145,998 |
| Accounts payable and accrued expenses | $38,160 |
| Grants payable | $0 |
| Deferred revenue | $453,296 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,060,410 |
| Total liabilities | $1,551,866 |
| Net assets without donor restrictions | $5,521,170 |
| Net assets with donor restrictions | $15,072,962 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,145,998 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Heritage Christian University has recieved totaling $86,663.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: EDUCATION | $25,075 |
The Melvin And Virginia Hutson Foundation Decatur, AL PURPOSE: CHARITABLE | $20,000 |
Central Kentucky Community Foundation Inc Elizabethtown, KY PURPOSE: HIGHER EDUCATION | $10,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,100 |
Ana And Stanley Brewer Charitable Tr Leoma, TN PURPOSE: SCHOLARSHIPS FOR STUDENTS TRAINING TO BE PREACHERS | $9,800 |
Christian Home Lawrenceburg, TN PURPOSE: SCHOLARSHIP | $7,500 |
Endowment Analysis
| Beg. Balance | $20,117,205 |
| Earnings | -$101,656 |
| Net Contributions | $1,046,924 |
| Grants | $523,840 |
| Ending Balance | $20,538,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Blue Mountain College Blue Mountain, MS | $37,926,447 | $21,477,479 |
Hodges University Inc Ft Myers, FL | $69,958,364 | $14,637,102 |
Compass Rose Foundation Inc Jacksonville, FL | $51,584,568 | $19,833,051 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Judson College Marion, AL | $32,056,907 | $7,964,098 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
Beacon College Prep Inc Miami Beach, FL | $12,193,654 | $7,064,402 |
American Baptist Theological Seminary Nashville, TN | $11,177,466 | $7,876,217 |
Columbus State University Foundation Inc Columbus, GA | $135,224,676 | $13,332,092 |