Totals
- Total revenue
- $10,331,576
- Total expenses
- $9,512,439
- Contributions and grants received
- $2,986,023
- Grants paid
- $949,844
- Program service revenue
- $7,247,355
- Investment income
- $7,317
- Other revenue
- $90,881
- Total assets, end of year
- $19,225,835
- Total liabilities, end of year
- $14,412,807
- Net assets or fund balances, end of year
- $4,813,028
- Program services expenses (Part IX)
- $7,411,866
- Management and general expenses
- $2,062,096
- Fundraising expenses
- $38,477
- Program service expenses (Part III)
- $7,411,866
Program services were 77.9% 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.
-
1d · Related organizations
$908,000
-
1f · All other contributions, gifts and grants
$2,078,023
-
1g · Noncash contributions included above
$682,778
-
2a · Program service revenue: TUITION AND FEES
total $4,892,505 · related or exempt $4,892,505
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $1,850,117 · related or exempt $1,850,117
-
2c · Program service revenue: OTHER INCOME
total $504,733 · related or exempt $504,733
-
3 · Investment income
total $7,317 · excluded $7,317
-
10a · Gross sales of inventory
$313,628
-
10b · Cost of goods sold
$222,747
-
10c · Net income from sales of inventory
total $90,881 · related or exempt $90,881
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $949,844 · program services $949,844
-
7 · Other salaries and wages
total $2,954,247 · program services $2,215,685 · management and general $731,176 · fundraising $7,386
-
9 · Other employee benefits
total $377,048 · program services $282,786 · management and general $93,319 · fundraising $943
-
10 · Payroll taxes
total $175,703 · program services $131,778 · management and general $43,486 · fundraising $439
-
11g · Fees: other
total $64,736 · management and general $51,789 · fundraising $12,947
-
12 · Advertising and promotion
total $82,956 · program services $82,956
-
13 · Office expenses
total $34,656 · program services $25,992 · management and general $8,491 · fundraising $173
-
14 · Information technology
total $33,938 · program services $18,666 · management and general $15,272
-
16 · Occupancy
total $524,227 · program services $419,382 · management and general $104,845
-
17 · Travel
total $32,334 · program services $21,017 · management and general $11,317
-
19 · Conferences, conventions and meetings
total $189,414 · program services $189,414
-
20 · Interest
total $489,383 · program services $391,506 · management and general $97,877
-
22 · Depreciation, depletion and amortization
total $667,473 · program services $404,452 · management and general $263,021
-
23 · Insurance
total $86,829 · program services $52,097 · management and general $34,732
-
24a · Other expenses: DINING HALL EXPENSES
total $834,243 · program services $834,243
-
24b · Other expenses: CHARITABLE EXPENSES
total $552,797 · program services $222,150 · management and general $314,058 · fundraising $16,589
-
24c · Other expenses: DORMITORY
total $242,115 · program services $242,115
-
24d · Other expenses: LAKE TEXOMA
total $158,732 · program services $158,732
-
24e · All other expenses
total $1,061,764 · program services $769,051 · management and general $292,713
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $83,447 · end of year $129,657
-
2 · Savings and temporary cash investments
beginning of year $1,791,492 · end of year $1,897,485
-
3 · Pledges and grants receivable
beginning of year $1,128,000 · end of year $1,228,758
-
4 · Accounts receivable
beginning of year $94,818 · end of year $129,568
-
8 · Inventories for sale or use
beginning of year $98,123 · end of year $111,505
-
10a · Land, buildings and equipment: cost or other basis
$23,387,962
-
10b · Land, buildings and equipment: accumulated depreciation
$8,139,612
-
10c · Land, buildings and equipment, net
beginning of year $15,150,562 · end of year $15,248,350
-
12 · Investments: other securities
beginning of year $122,167 · end of year $137,584
-
15 · Other assets
beginning of year $62 · end of year $342,928
-
17 · Accounts payable and accrued expenses
beginning of year $52,252 · end of year $98,579
-
19 · Deferred revenue
beginning of year $248,248 · end of year $326,580
-
20 · Tax-exempt bond liabilities
beginning of year $8,465,812 · end of year $8,046,211
-
23 · Secured mortgages and notes payable
beginning of year $5,710,447 · end of year $5,716,342
-
25 · Other liabilities
beginning of year $4,885 · end of year $225,095
-
27 · Net assets without donor restrictions
beginning of year $2,292,238 · end of year $2,556,853
-
28 · Net assets with donor restrictions
beginning of year $1,694,789 · end of year $2,256,175
Mission and programs · 2022
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 $7,411,866 · Grants $949,844 · Revenue $7,338,236
As filed on the 2022 return.
Listed in Part VII
-
Gayle WashingtonGAYLE WASHINGTON
VICE CHAIRMAN/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Aaron BoeseAARON BOESE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roger GreenROGER GREEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew PadgettANDREW PADGETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert PainterROBERT PAINTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne RaperSUZANNE RAPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James RayJAMES RAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Darren WilliamsDARREN WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Winston CarrollWINSTON CARROLL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clarence G SextonCLARENCE G SEXTON
PRESIDENT/CEO
- Total calculated
- $62,400
- From this org
- $2,400
- From related orgs
- $0
- Other
- $60,000
- Hours/week
- 40
-
Scott SullivanSCOTT SULLIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy L TomlinsonTIMOTHY L TOMLINSON
VP OF ADMINISTRATION
- Total calculated
- $110,434
- From this org
- $80,760
- From related orgs
- $0
- Other
- $29,674
- Hours/week
- 40
-
Loyd K EwingLOYD K EWING
ACADEMIC DEAN
- Total calculated
- $46,078
- From this org
- $46,078
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
M Shannon SextonM SHANNON SEXTON
VP OF OPERATIONS
- Total calculated
- $100,593
- From this org
- $100,593
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James ZenkerJAMES ZENKER
EVP ADMINISTRATION
- Total calculated
- $82,615
- From this org
- $70,341
- From related orgs
- $0
- Other
- $12,274
- Hours/week
- 40
-
Charles PrescottCHARLES PRESCOTT
VP OF FINANCE
- Total calculated
- $71,044
- From this org
- $65,573
- From related orgs
- $0
- Other
- $5,471
- 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.
-
THE CROWN PASSAGE NORTHWEST LLC
CAMPS AND MINISTRY PRACTICUM · TN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349306080
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