Chalmers Center For Economic Development At Covenant College
- Assets
- $1.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Lookout Mountain, GA
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 27-2341083
Organization Overview
Chalmers Center For Economic Development At Covenant College is located in Lookout Mountain, GA. The organization was established in 2010. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Chalmers Center For Economic Development At Covenant College employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chalmers Center For Economic Development At Covenant College 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, Chalmers Center For Economic Development At Covenant College generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. 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
RESEARCHES AND TRAINS GROUPS IN ECONOMIC DEVELOPMENT MODELS AND STRATEGIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATIONAL PRINCIPLES & PRACTICES: PRESENTING HELPING WITHOUT HURTING SEMINARS ACROSS THE US; TRAINING LARGE CHRISTIAN GATHERINGS AT CONFERENCES; PRODUCING MATERIALS (BOOKS, VIDEOS, STUDY GUIDES) FOR THE NORTH AMERICAN CHURCH MARKET ABOUT THE FOUNDATIONAL PRINCIPLES OF WHEN HELPING HURTS. DEVELOPING AND HOSTING SOCIAL INNOVATION SEMINARS AND COURSE CONTENT TO HELP THE CHURCH DEVELOP KINGDOM CENTERED PROGRAMS ADDRESSING MATERIAL POVERTY IN THEIR LOCAL COMMUNITIES.
FAITH AND FINANCES AND WORK LIFE: DEVELOPING CURRICULUM IN FINANCIAL EDUCATION, INDIVIDUAL DEVELOPMENT ACCOUNTS, AND JOB PREPAREDNESS FOR LOCAL CHURCHES AND CHRISTIAN NOPROFITS, EQUIPPING THEM TO IMPACT LOW-INCOME POPULATIONS. INCLUDING THE DEVELOPMENT AND DEPLOYMENT OF ONLINE CURRICULUM FOR THESE COURSES.
WEST AFRICA PROGRAM AND INTERNATIONAL PROGRAM: TRAINING LOCAL LEADERS IN ECONOMIC DEVELOPMENT STRATEGIES IN WEST AFRICAN COUNTRIES AND BEYOND, SPECIFICALLY SAVINGS-LED MICROFINANCE GROUPS IN LOCAL CHURCHES; DEVELOPING OF MATERIALS FOR USE BY HIGH IMPACT PARTNERS AND DENOMINATIONAL LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Briggs Executive Director | Officer | 40 | $115,637 |
Doug Glidewell Director Of Operations/treasurer | Officer | 40 | $66,880 |
Brian Fikkert Founder And President | OfficerTrustee | 32 | $45,000 |
Craig Stephenson Board Chair | OfficerTrustee | 1 | $0 |
Jeff Hall Secretary, Chief Academic | OfficerTrustee | 1 | $0 |
Nat Belz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,757,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,036,700 |
| Total Program Service Revenue | $236,666 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,422 |
| 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 | $2,299,914 |
| 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 | $248,780 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,870 |
| Compensation of current officers, directors, key employees. | $77,919 |
| Compensation to disqualified persons | $52,473 |
| Other salaries and wages | $1,075,101 |
| Pension plan accruals and contributions | $25,117 |
| Other employee benefits | $309,568 |
| Payroll taxes | $101,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,948 |
| Fees for services: Accounting | $32,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,928 |
| Advertising and promotion | $897 |
| Office expenses | $24,833 |
| Information technology | $132,794 |
| Royalties | $0 |
| Occupancy | $65,203 |
| Travel | $23,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,502 |
| Insurance | $19,177 |
| All other expenses | $1,746 |
| Total functional expenses | $2,708,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $400,000 |
| Accounts receivable, net | $22,871 |
| 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 | $10,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,151,964 |
| Accounts payable and accrued expenses | $171,092 |
| Grants payable | $0 |
| Deferred revenue | $3,458 |
| 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 | $174,550 |
| Net assets without donor restrictions | $110,233 |
| Net assets with donor restrictions | $867,181 |
| 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 | $1,151,964 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Chalmers Center For Economic Development At Covenant College has recieved totaling $595,777.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $427,372 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI PURPOSE: SUPPORT THE DEVELOPMENT OF A NETWORK OF TRAINERS FOR OUR STRATEGIC PARTNERS | $50,000 |
Robert L And Kathrina H Maclellan Foundation Chattanooga, TN PURPOSE: FOR RESTORATION AND REHABILITATION PROGRAMS. | $50,000 |
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $47,440 |
Wiseheart Foundation Memphis, TN PURPOSE: GENERAL SUPPORT | $12,343 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Achievement Of Georgia Inc Atlanta, GA | $25,901,404 | $11,179,246 |
Amazima Ministries International Education And Empowerment For East Franklin, TN | $5,696,478 | $7,457,934 |
Junior Achievement Of South Florida Coconut Creek, FL | $18,159,004 | $3,932,079 |
Gray Matters Capital Inc Atlanta, GA | $45,313,464 | $11,858,965 |
Instiglio Miami, FL | $750,033 | $2,766,361 |
Junior Achievement Of Tampa Bay Tampa, FL | $13,350,619 | $4,510,507 |
Chalmers Center For Economic Development At Covenant College Lookout Mountain, GA | $1,151,964 | $2,299,914 |
Junior Achievement Of Central Carolinas Charlotte, NC | $7,663,953 | $1,959,819 |
Justice And Mercy International Inc Nashville, TN | $1,957,323 | $2,696,538 |
Junior Achievement Of Memphis And The Mid-South Cordova, TN | $5,171,864 | $2,925,302 |
Junior Achievement Of Middle Tennessee Nashville, TN | $3,230,603 | $1,528,982 |
Junior Achievement International China Inc Raleigh, NC | $1,654,810 | $1,596,019 |