Overseas Council International Inc
- Assets
- $0.0
- Revenue
- $874.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2017
- EIN
- 35-1333030
Organization Overview
Overseas Council International Inc is located in Charlotte, NC. Overseas Council International 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 12/2017, Overseas Council International Inc generated $874.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.3%) each year. All expenses for the organization totaled $815.0k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (47.9%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THEOLOGICAL TRAINING FOR NATIONALS IN THE NON-WEST WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP ASSISTANCE - OVERSEAS COUNCIL PROVIDES SCHOLARSHIPS TO BOTH NEEDY STUDENTS AND FACULTY. IMPORTANTLY, THE ALLOCATION OF THESE SCHOLARSHIP RESOURCES RESTS WITH THE SCHOOLS WHO ALLOCATE THE FUNDS. THIS HELPS ENSURE THAT THOSE STUDENTS AND FACULTY WITH HIGH POTENTIAL FOR ADVANCING GOD'S KINGDOM AND WHO ARE MOST IN NEED CAN CONTINUE DEVELOPING AS THE CRITICAL CHRISTIAN LEADERS FOR THE FUTURE. IN THE LAST YEAR, 89 STUDENT SCHOLARSHIPS WERE FUNDED IN SEMINARIES ACROSS AFRICA, ASIA, EUROPE, LATIN AMERICA, AND THE MIDDLE EAST/NORTH AFRICA.
TRANSFORMATIONAL PROJECTS AND INSTITUTES- OVERSEAS COUNCIL PROVIDES LEADERSHIP SUPPORT TO PARTNER SEMINARIES WITH DAILY OPERATIONAL NEEDS SUCH AS SALARY SUPPORT, SPECIAL PROJECTS, AND SEMINARY OPERATING EXPENSES. THE LARGEST COMPONENT OF THIS AREA, HOWEVER, IS OUR INSTITUTES FOR EXCELLENCE PROGRAM WHICH IS DESIGNED TO HELP SEMINARIES IMPROVE ORGANIZATIONAL EFFECTIVENESS BY CONVENING SCHOOL LEADERS (PRESIDENTS, STAFF AND BOARD) TO ENGAGE IN WEEK-LONG SESSIONS WITH PEERS REGARDING CHALLENGES IN CHRISTIAN LEADERSHIP DEVELOPMENT. FOR THESE LEADERS, THE INSTITUTES FOR EXCELLENCE ARE A REGULAR, REGIONAL, AND RELEVANT RESOURCE AS, OFTEN, WHAT THEOLOGICAL SCHOOLS AND PROGRAMS IN THE MAJORITY WORLD NEED IS NOT SIMPLY MORE FUNDING, BUT MORE LEARNING TO MEET THE CHALLENGES OF CHRISTIAN LEADERS.
OTHER MINOR PROGRAMS PROVIDING THEOLOGICAL TRAINING FOR NATIONALS IN THE NON-WEST WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Bennett Director | Trustee | 1 | $0 |
Todd Rankin Vice Chairman | OfficerTrustee | 5 | $0 |
Thomas Gabe Chairman/secretary | OfficerTrustee | 5 | $0 |
Joseph T Koch Treasurer | OfficerTrustee | 5 | $0 |
David Dwight Director | Trustee | 1 | $0 |
Richard Haggerty Director | Trustee | 1 | $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 | $846,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,918 |
| Total Program Service Revenue | $100 |
| Investment income | $2,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,834 |
| 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 | $874,176 |
| 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 | $184,746 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,637 |
| Compensation of current officers, directors, key employees. | $53,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,890 |
| Pension plan accruals and contributions | $7,290 |
| Other employee benefits | $17,657 |
| Payroll taxes | $19,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,702 |
| Fees for services: Accounting | $5,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,498 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,809 |
| Advertising and promotion | $21,613 |
| Office expenses | $11,407 |
| Information technology | $18,404 |
| Royalties | $0 |
| Occupancy | $18,259 |
| Travel | $65,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $510 |
| Interest | $2,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,773 |
| Insurance | $5,129 |
| All other expenses | $26,792 |
| Total functional expenses | $815,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |