Carolina Christian College Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Winstonsalem, NC
- Founding
- 09/1954
- Data as of
- 06/2021
- EIN
- 56-6061483
Organization Overview
Carolina Christian College Inc is located in Winstonsalem, NC. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Carolina Christian College Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Christian College 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 06/2021, Carolina Christian College Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 15.2% 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
IT IS THE MISSION OF CAROLINA CHRISTIAN COLLEGE TO PROVIDE BIBLICALLY-BASED ACADEMIC PROGRAMS THAT PREPARE MEN AND WOMEN FOR MINISTRY AND COMMUNITY SERVICE WITH A FOCUS ON THE AFRICAN-AMERICAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED FOR SCRIPTURAL STUDIES INSTRUCTION TO APPROXIMATELY 40 TO 60 BIBLICAL COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Latanya Tyson President | Officer | 1 | $0 |
Denisaha Hendricks Director | Trustee | 1 | $0 |
Mark Hughes Director | Trustee | 1 | $0 |
Richard Williams Director | Trustee | 1 | $0 |
Maurice Crocker Director | Trustee | 1 | $0 |
Patti Dobbins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $356,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,526 |
| Total Program Service Revenue | $745,505 |
| Investment income | $942 |
| 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 | $1,243,538 |
| 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 | $278,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,628 |
| Payroll taxes | $18,886 |
| 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 | $90,062 |
| Advertising and promotion | $37,064 |
| Office expenses | $181,680 |
| Information technology | $50,609 |
| Royalties | $0 |
| Occupancy | $123,583 |
| Travel | $57,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $28,124 |
| Conferences, conventions, and meetings | $11,902 |
| Interest | $18,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,343 |
| Insurance | $12,318 |
| All other expenses | $12,749 |
| Total functional expenses | $1,008,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,390 |
| Savings and temporary cash investments | $273,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,019 |
| 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 | $10,837 |
| Net Land, buildings, and equipment | $950,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $1,434,015 |
| Accounts payable and accrued expenses | $68,094 |
| Grants payable | $0 |
| Deferred revenue | $351,220 |
| 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 | $235,691 |
| Unsecured mortgages and notes payable | $4,167 |
| Other liabilities | $0 |
| Total liabilities | $659,172 |
| Net assets without donor restrictions | $501,332 |
| Net assets with donor restrictions | $273,511 |
| 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 | $1,434,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carolina Christian College Inc has recieved totaling $3,593.
| Awarding Organization | Amount |
|---|---|
Hugh Marshall Trust Birmingham, AL PURPOSE: GENERAL OPERATING | $3,593 |
Endowment Analysis
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 |