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Nonprofiteer
← CROWN COLLEGE

Form 990 for tax year 2024

Filed by CROWN COLLEGE.

Totals

Total revenue
$10,969,742
Total expenses
$10,068,778
Contributions and grants received
$1,576,264
Grants paid
$923,618
Program service revenue
$9,216,139
Investment income
$88,367
Other revenue
$88,972
Total assets, end of year
$18,582,635
Total liabilities, end of year
$9,799,900
Net assets or fund balances, end of year
$8,782,735
Program services expenses (Part IX)
$8,112,894
Management and general expenses
$1,920,473
Fundraising expenses
$35,411
Program service expenses (Part III)
$8,112,894

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $36,627

  • 1f · All other contributions, gifts and grants

    $1,539,637

  • 2a · Program service revenue: TUITION AND FEES

    total $5,971,625 · related or exempt $5,971,625

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $2,448,293 · related or exempt $2,448,293

  • 2c · Program service revenue: OTHER INCOME

    total $796,221 · related or exempt $796,221

  • 3 · Investment income

    total $88,787 · excluded $88,787

  • 7b · Less cost or other basis and sales expenses

    other assets $420

  • 7c · Gain or loss

    other assets -$420

  • 7d · Net gain or loss

    total -$420 · excluded -$420

  • 10a · Gross sales of inventory

    $329,058

  • 10b · Cost of goods sold

    $240,086

  • 10c · Net income from sales of inventory

    total $88,972 · related or exempt $88,972

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $923,618 · program services $923,618

  • 5 · Compensation of officers, directors and key employees

    total $390,101 · program services $292,576 · management and general $93,624 · fundraising $3,901

  • 7 · Other salaries and wages

    total $2,603,465 · program services $1,952,598 · management and general $647,038 · fundraising $3,829

  • 9 · Other employee benefits

    total $268,348 · program services $201,261 · management and general $66,662 · fundraising $425

  • 10 · Payroll taxes

    total $186,294 · program services $139,720 · management and general $46,108 · fundraising $466

  • 12 · Advertising and promotion

    total $92,708 · program services $92,708

  • 13 · Office expenses

    total $42,106 · program services $31,579 · management and general $10,316 · fundraising $211

  • 14 · Information technology

    total $46,145 · program services $25,380 · management and general $20,765

  • 16 · Occupancy

    total $640,933 · program services $512,746 · management and general $128,187

  • 17 · Travel

    total $28,171 · program services $18,311 · management and general $9,860

  • 19 · Conferences, conventions and meetings

    total $200,833 · program services $200,833

  • 20 · Interest

    total $409,109 · program services $327,287 · management and general $81,822

  • 22 · Depreciation, depletion and amortization

    total $712,507 · program services $437,020 · management and general $275,487

  • 23 · Insurance

    total $106,781 · program services $64,069 · management and general $42,712

  • 24a · Other expenses: DINING HALL EXPENSES

    total $991,586 · program services $991,586

  • 24b · Other expenses: DORMITORY

    total $353,960 · program services $353,960

  • 24c · Other expenses: CHARITABLE EXPENSES

    total $304,934 · program services $289,636 · fundraising $15,298

  • 24d · Other expenses: MUSIC SPECIFIC EXPENSES

    total $278,782 · program services $278,782

  • 24e · All other expenses

    total $1,488,397 · program services $979,224 · management and general $497,892 · fundraising $11,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,089 · end of year $42,845

  • 2 · Savings and temporary cash investments

    beginning of year $679,621 · end of year $261,627

  • 3 · Pledges and grants receivable

    beginning of year $170,000

  • 4 · Accounts receivable

    beginning of year $144,420 · end of year $152,162

  • 8 · Inventories for sale or use

    beginning of year $103,526 · end of year $93,955

  • 10a · Land, buildings and equipment: cost or other basis

    $26,662,733

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,527,789

  • 10c · Land, buildings and equipment, net

    beginning of year $15,482,200 · end of year $17,134,944

  • 12 · Investments: other securities

    beginning of year $160,775 · end of year $170,638

  • 15 · Other assets

    beginning of year $1,076,062 · end of year $726,464

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,996 · end of year $64,843

  • 19 · Deferred revenue

    beginning of year $286,110 · end of year $276,173

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,615,002 · end of year $6,774,025

  • 23 · Secured mortgages and notes payable

    beginning of year $4,122,009 · end of year $2,552,935

  • 25 · Other liabilities

    beginning of year $176,838 · end of year $131,924

  • 27 · Net assets without donor restrictions

    beginning of year $5,361,441 · end of year $8,782,735

  • 28 · Net assets with donor restrictions

    beginning of year $265,297 · end of year $0

Mission and programs · 2024

Mission

OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS.

Activities or mission (Part I)

THE MISSION OF THE CROWN COLLEGE OF THE BIBLE IS TO TRAIN MEN AND WOMEN TO FOLLOW THE LORD JESUS CHRIST AND TO EQUIP THEM TO FULFIL HIS PURPOSE BY PROVIDING EDUCATION IN WHICH CHRIST IS PREEMINENT, AND WHERE THE HIGHEST ACADEMICS ARE UNITED WITH MINISTRY APPLICATION FOR THE SOLE PURPOSE OF GLORIFYING THE LORD JESUS CHRIST. THE MISSION CONTINUES AS GRADUATES OF THE CROWN COLLEGE OF THE BIBLE TRAIN OTHERS.

  • OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS.

    Expenses $8,112,894 · Grants $923,618

As filed on the 2024 return.

Listed in Part VII

  • John Stancil

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Aaron Boese

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Andrew Padgett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert Painter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Darren Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Winston Carroll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Timothy L Tomlinson

    VP OF ADMINISTRATION

    Total calculated
    $115,363
    From this org
    $84,599
    From related orgs
    $0
    Other
    $30,764
    Hours/week
    40
  • Loyd K Ewing

    ACADEMIC DEAN

    Total calculated
    $47,193
    From this org
    $47,193
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • James Zenker

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $112,501
    From this org
    $79,953
    From related orgs
    $0
    Other
    $32,548
    Hours/week
    40
  • Ray Gonsalves

    CHIEF FINANCIAL OFFICER

    Total calculated
    $25,615
    From this org
    $23,569
    From related orgs
    $0
    Other
    $2,046
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TEMPLE BAPTIST CHURCH

    501(C)(3) · A CHURCH · TN

  • CROWN SCHOOL OF TRADES AND TECHNOLOGY

    501(C)(3) · TRADE SCHOOL · TN

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202523049349302422

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