New College Franklin Inc
- Assets
- $149.2k
- Revenue
- $515.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Franklin, TN
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-3586792
Organization Overview
New College Franklin Inc is located in Franklin, TN. The organization was established in 2009. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, New College Franklin Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New College Franklin Inc 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, New College Franklin Inc generated $515.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $502.5k during the year ending 06/2022. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNDER THE LORDSHIP OF CHRIST, NEW COLLEGE FRANKLIN DISCIPLES STUDENTS THROUGH THE LIBERAL ARTS FOR WISDOM AND MISSIONAL LIVING.
Describe the Organization's Program Activity:
THE ORGANIZATION OFFERS BIBLICAL POSTSECONDARY EDUCATION TO STUDENTS IN A FOUR YEAR BACHELOR'S OF ARTS DEGREE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Wilbur Dean | OfficerTrustee | 30 | $35,271 |
Andy Patton Chairman | OfficerTrustee | 0 | $0 |
Dave Raymond Secretary | OfficerTrustee | 0 | $0 |
Stephen Crampton Trustee | Trustee | 0 | $0 |
Kimbell Kornu Trustee | Trustee | 0 | $0 |
Brian Driskell 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 | $141,126 |
| Noncash contributions included in lines 1a–1f | $22,634 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,126 |
| Total Program Service Revenue | $374,749 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $86,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,117 |
| Compensation of current officers, directors, key employees. | $34,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250 |
| Advertising and promotion | $5,960 |
| Office expenses | $8,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,237 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,924 |
| Insurance | $2,877 |
| All other expenses | $4,235 |
| Total functional expenses | $502,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,746 |
| Savings and temporary cash investments | $60,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $6,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,320 |
| Total assets | $149,226 |
| Accounts payable and accrued expenses | $5,069 |
| Grants payable | $0 |
| Deferred revenue | $3,141 |
| 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 | $0 |
| Total liabilities | $8,210 |
| Net assets without donor restrictions | $88,748 |
| Net assets with donor restrictions | $52,268 |
| 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 | $149,226 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New College Franklin Inc has recieved totaling $37,747.
| Awarding Organization | Amount |
|---|---|
Foundation 33 11 Vero Beach, FL PURPOSE: SCHOLARSHIP FUND | $25,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $12,463 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Koch Institute Arlington, VA | $404,108,851 | $1,636,185 |
Kansas City Art Institute Kansas City, MO | $176,074,045 | $52,746,007 |
Christendom Educational Corporation Front Royal, VA | $86,152,733 | $30,827,338 |
Carolina University WinstonSalem, NC | $16,856,188 | $13,786,116 |
Institute For The Psychological Sciences Sterling, VA | $8,909,677 | $11,624,455 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
Atlanta General Education Center Inc Norcross, GA | $3,508,771 | $4,772,601 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Project Discovery Inc Roanoke, VA | $402,058 | $1,230,095 |
Association Of Independent Kentucy College And Universities Inc Frankfort, KY | $2,396,023 | $1,175,464 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |