Manna University
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 79
- Location
- Fayetteville, NC
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 56-2195966
Organization Overview
Manna University is located in Fayetteville, NC. The organization was established in 2003. 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, Manna University employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manna University 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, Manna University generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 7.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANNA UNIVERSITY IS A BIBLICAL HIGHER EDUCATION INSTITUTION DEDICATED TO EDUCATING, EQUIPPING, AND EMPOWERING EMERGING LEADERS TO CHANGE THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANNA UNIVERSITY IS A BIBLICAL HIGHER EDUCATION INSTITUTION DEDICATED TO EDUCATING, EQUIPPING, AND EMPOWERING EMERGING LEADERS TO THE WORLD. THE UNIVERSITY CURRICULUM HELPS TO ACCOMPLISH THIS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Mcbride Interim President And Provost | Officer | 40 | $19,364 |
Tyrant Davenport Vice Chairman | OfficerTrustee | 1 | $0 |
Jonathan Fletcher Treasurer | OfficerTrustee | 1 | $0 |
Janine Scott Secretary | OfficerTrustee | 1 | $0 |
Katie Griesser Chairman | OfficerTrustee | 1 | $0 |
Tim Ajani Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,450 |
| Noncash contributions included in lines 1a–1f | $68,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $818,394 |
| Total Program Service Revenue | $798,879 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,664,088 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $673,782 |
| Pension plan accruals and contributions | $20,554 |
| Other employee benefits | $0 |
| Payroll taxes | $41,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,300 |
| Advertising and promotion | $8,658 |
| Office expenses | $29,329 |
| Information technology | $28,626 |
| Royalties | $0 |
| Occupancy | $55,200 |
| Travel | $14,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,546 |
| Insurance | $78,576 |
| All other expenses | $76,275 |
| Total functional expenses | $1,459,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,758 |
| 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 | $75,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,824 |
| Total assets | $1,106,569 |
| Accounts payable and accrued expenses | $63,310 |
| Grants payable | $0 |
| Deferred revenue | $41,714 |
| 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 | $105,024 |
| Net assets without donor restrictions | $947,219 |
| Net assets with donor restrictions | $54,326 |
| 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 | $1,106,569 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manna University has recieved totaling $102.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Endowment Analysis
| Beg. Balance | $39,334 |
| Earnings | -$5,442 |
| Ending Balance | $33,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Voorhees College Denmark, SC | $34,849,156 | $40,025,778 |
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 |
Morris College Sumter, SC | $47,268,567 | $16,212,901 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
American Baptist Theological Seminary Nashville, TN | $11,177,466 | $7,876,217 |