Christendom Educational Corporation
- Assets
- $86.2m
- Revenue
- $30.8m
- Investments
- $13.0k
- Employees
- 475
- Location
- Front Royal, VA
- Founding
- 01/1977
- Data as of
- 06/2021
- EIN
- 54-1031437
Organization Overview
Christendom Educational Corporation is located in Front Royal, VA. The organization was established in 1977. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2021, Christendom Educational Corporation employed 475 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christendom Educational Corporation 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 06/2021, Christendom Educational Corporation generated $30.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $26.0m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A CATHOLIC LIBERAL ARTS EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTENDOM COLLEGE IS A CATHOLIC LIBERAL ARTS COLLEGE WITH UNDERGRADUATE AND GRADUATE PROGRAMS. UNDERGRADUATE STUDENTS ENROLLED 518; GRADUATE STUDENTS ENROLLED 121.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Timothy O'donnell President | OfficerTrustee | 40 | $351,742 |
Mark Rohlena Executive Vice President | Officer | 40 | $156,096 |
Ken Ferguson VP Of Innovation Strategie | 40 | $145,127 | |
Luke Fier Director Of Finance | 40 | $136,574 | |
David Costanzo Director Of Philanthropy | 40 | $120,827 | |
Thomas Mcfadden Vice President For Enrollm | 40 | $120,294 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kegg Pipe Organ Builders Construction | 6/29/21 | $668,715 |
Strive3 Mailings | 6/29/21 | $292,232 |
Gb Foltz Contracting Inc Construction | 6/29/21 | $316,799 |
Sysco Food Services Of Va Food | 6/29/21 | $540,016 |
Hoar Construction Llc Construction | 6/29/21 | $6,083,137 |
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 | $8,605,061 |
| Noncash contributions included in lines 1a–1f | $2,690,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,605,061 |
| Total Program Service Revenue | $20,252,760 |
| Investment income | $510,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45,805 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,411,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,827,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,916,787 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $507,838 |
| Compensation of current officers, directors, key employees. | $507,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,356,727 |
| Pension plan accruals and contributions | $291,997 |
| Other employee benefits | $1,204,894 |
| Payroll taxes | $609,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $174,985 |
| Fees for services: Investment Management | $93,075 |
| Fees for services: Other | $81,933 |
| Advertising and promotion | $188,870 |
| Office expenses | $1,885,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $643,343 |
| Travel | $150,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $144,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,068,177 |
| Insurance | $274,401 |
| All other expenses | $439,658 |
| Total functional expenses | $25,970,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,966 |
| Savings and temporary cash investments | $940,788 |
| Pledges and grants receivable | $2,494,223 |
| Accounts receivable, net | $225,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,820,041 |
| Inventories for sale or use | $60,118 |
| Prepaid expenses and deferred charges | $174,371 |
| Net Land, buildings, and equipment | $40,991,132 |
| Investments—publicly traded securities | $32,732,649 |
| Investments—other securities | $12,981 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,033,797 |
| Total assets | $86,152,733 |
| Accounts payable and accrued expenses | $769,022 |
| 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 | $11,096,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,494,645 |
| Total liabilities | $13,359,736 |
| Net assets without donor restrictions | $46,119,385 |
| Net assets with donor restrictions | $26,673,612 |
| 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 | $86,152,733 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Christendom Educational Corporation has recieved totaling $649,263.
| Awarding Organization | Amount |
|---|---|
Davis Elkins Foundation Ua 09202013 Detroit, MI PURPOSE: SUPPORT OF DAILY ACTIVITIES | $250,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $176,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $138,462 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: FAITH BASED - GENERAL SUPPORT | $30,000 |
Community Foundation Serving Western Virginia Roanoke, VA PURPOSE: EDUCATION | $14,667 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,275 |
Endowment Analysis
| Beg. Balance | $21,160,761 |
| Earnings | $5,367,472 |
| Admin Expense | $106,107 |
| Net Contributions | $1,002,151 |
| Other Expense | $694,766 |
| Ending Balance | $26,729,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Koch Institute Arlington, VA | $404,108,851 | $1,636,185 |
University Of Maryland Orthopaedic Associates P A Baltimore, MD | $13,376,270 | $27,085,599 |
Christendom Educational Corporation Front Royal, VA | $86,152,733 | $30,827,338 |
International Masonry Training And Education Foundation Bowie, MD | $50,955,407 | $23,973,687 |
Association Of Public And Land-Grant Universities Washington, DC | $44,260,531 | $22,104,494 |
Association Of Governing Boards Of Universities And Colleges Washington, DC | $19,633,060 | $15,066,269 |
Carolina University WinstonSalem, NC | $16,856,188 | $13,786,116 |
American Association Of State Colleges And Universities Washington, DC | $33,003,801 | $11,451,095 |
Institute For The Psychological Sciences Sterling, VA | $8,909,677 | $11,624,455 |
Accreditation Board For Engineering And Technology Inc Baltimore, MD | $25,462,231 | $12,376,690 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Consortium Of Universities Of The Washington Metropolitan Area Washington, DC | $2,518,599 | $5,635,186 |