Christian Education Charitable Trust
- Assets
- $21.9m
- Revenue
- $3.1m
- Investments
- $21.1m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 10/1974
- Data as of
- 12/2021
- EIN
- 23-7412895
Organization Overview
Christian Education Charitable Trust is located in Chattanooga, TN. The organization was established in 1974. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Education Charitable Trust 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 12/2021, Christian Education Charitable Trust generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Christian Education Charitable Trust has awarded 141 individual grants totaling $9,704,738. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CHRISTIAN EDUCATION CHARITABLE TRUST WAS CREATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES. THOUGH STILL PRIMARILY A GRANT-MAKER, CECT HAS DIVERSIFIED ITS CHARITABLE ACTIVITIES BY BEGINNING TO CONDUCT DIRECT CHARITABLE ACTIVITIES.CONVENING OF LEADERSA GATHERING OF LEADERS OF NON-PROFITS IN THE EDUCATION SECTOR IS CONVENED TOGETHER TO DISCUSS CHALLENGES AND OPPORTUNITIES THAT FACE THEIR ORGANIZATIONS. THE GOAL OF THE CONVENING IS TO PROVIDE A PLACE FOR DIALOGUE AND LEARNING IN ORDER TO COOPERATIVELY LOOK AT THE ISSUES FACING THE EDUCATION SECTOR. DIFFERENT EXPERTS IN THE FIELD PROVIDE INFORMATION AND TECHNICAL ADVICE. THE GOAL IS FOR ORGANIZATIONS TO DEVELOP SUSTAINABLE OPERATING MODELS THAT WILL ALLOW THEM TO CONTINUE TO SERVE THE PUBLIC WELL BOTH NOW AND IN THE FUTURE. THIS PROGRAM ALSO HAS A GRANT INITIATIVE ASSOCIATED WITH IT. PARTICIPANTS IN THE CONVENINGS ARE ELIGIBLE TO APPLY FOR A TYPE OF GRANT THROUGH THE CHRISTIAN EDUCATION CHARITABLE TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Philips Executive Director | 30 | $189,760 | |
Hugh O Maclellan Jr President & Trustee | 1 | $0 | |
Reid A Maclellan Trustee | 0.25 | $0 | |
Robert H Maclellan V.P. & Trustee | 1 | $0 | |
Rodger Piersant Trustee | 0.25 | $0 | |
Elizabeth Lindquist Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,306 |
| Dividends & Interest | $400,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,689,207 |
| Capital Gain Net Income | $2,688,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,747 |
| Total Revenue | $3,129,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,760 |
| Other employee salaries and wages | $5,471 |
| Pension plans, employee benefits | $33,366 |
| Interest | $19,228 |
| Taxes | $30,594 |
| Depreciation | $0 |
| Occupancy | $31,553 |
| Travel, conferences, and meetings | $22,235 |
| Printing and publications | $0 |
| Other expenses | $445,265 |
| Total operating and administrative expenses | $803,271 |
| Contributions, gifts, grants paid | $255,000 |
| Total expenses and disbursements | $1,058,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $774,673 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,642,277 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $73,979 |
| Total assets | $21,948,461 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,838 |
| Total liabilities | $8,838 |
Grants Awarded
Over the last fiscal year, Christian Education Charitable Trust has awarded $1,030,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
COLSON CENTER PURPOSE: FOR LEADERSHIP DEVELOPMENT OR TRAINING. | $150,000 |
Kennesaw, GA PURPOSE: FOR LEADERSHIP DEVELOPMENT OR TRAINING. | $125,000 |
Wenham, MA PURPOSE: FOR LEADERSHIP DEVELOPMENT OR TRAINING. | $100,000 |
VERITAS FORUM INC PURPOSE: FOR LEADERSHIP DEVELOPMENT OR TRAINING. | $100,000 |
Colorado Springs, CO PURPOSE: FOR LEADERSHIP DEVELOPMENT OR TRAINING. | $100,000 |
Lafayette, IN PURPOSE: FOR LEADERSHIP DEVELOPMENT OR TRAINING. | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |