Mid-South Christian College
- Assets
- $2.6m
- Revenue
- $1.7m
- Investments
- $183.0k
- Employees
- 34
- Location
- Memphis, TN
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 51-0205293
Organization Overview
Mid-South Christian College is located in Memphis, TN. The organization was established in 1976. 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, Mid-South Christian College employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-South Christian College 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, Mid-South Christian College generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
MID-SOUTH CHRISTIAN COLLEGE IS AN INSTITUTION OF BIBLICAL HIGHER EDUCATION.
Describe the Organization's Program Activity:
THE COLLLEGE PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 60 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Griffin President | Officer | 60 | $51,266 |
David Lewis Vice Chairman | OfficerTrustee | 2 | $0 |
Shannon Mcgee Chairman | OfficerTrustee | 2 | $0 |
Marcus Johnson Trustee | Trustee | 2 | $0 |
Archie Taflinger Secretary | Trustee | 2 | $0 |
Frank Williams Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,490,180 |
| Total Program Service Revenue | $48,552 |
| Investment income | $5,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,646 |
| Net Rental Income | $22,575 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,679,092 |
| 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. | $51,266 |
| Compensation of current officers, directors, key employees. | $15,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,385 |
| Advertising and promotion | $0 |
| Office expenses | $15,460 |
| Information technology | $10,669 |
| Royalties | $0 |
| Occupancy | $167,868 |
| Travel | $15,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,414 |
| Insurance | $0 |
| All other expenses | $7,480 |
| Total functional expenses | $1,459,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,023,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,432 |
| 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 | $917,127 |
| Investments—publicly traded securities | $175,022 |
| Investments—other securities | $183,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,552 |
| Total assets | $2,578,681 |
| Accounts payable and accrued expenses | $51,978 |
| Grants payable | $0 |
| Deferred revenue | $2,375 |
| 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 | $54,353 |
| Net assets without donor restrictions | $2,221,300 |
| Net assets with donor restrictions | $303,028 |
| 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 | $2,578,681 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-South Christian College has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
International Disaster Emergency Service Inc Noblesville, IN PURPOSE: TORNADO RELIEF | $10,000 |
Endowment Analysis
| Beg. Balance | $210,431 |
| Earnings | $3,202 |
| Admin Expense | $54,763 |
| Net Contributions | $5,500 |
| Ending Balance | $164,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Blue Mountain College Blue Mountain, MS | $37,926,447 | $21,477,479 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Bennett College Greensboro, NC | $45,162,174 | $40,377,386 |
Arkansas Baptist College Little Rock, AR | $34,676,418 | $14,634,571 |
Cox College Springfield, MO | $0 | $12,064,783 |
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 |