Seminary Covenant Community
- Assets
- $3.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Melbourne, FL
- Founding
- 02/1998
- Data as of
- 12/2020
- EIN
- 27-3236662
Organization Overview
Seminary Covenant Community is located in Melbourne, FL. The organization was established in 1998. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2020, Seminary Covenant Community employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Seminary Covenant Community 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 12/2020, Seminary Covenant Community generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $946.3k during the year ending 12/2020. While expenses have increased by 22.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE SPIRITUAL EDUCATION, HOUSING AND COMMUNITY DEVELOPMENT THROUGH MUSIC, AVIATION AND OUTREACH IN AN INTERDENOMINATIONAL MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY PROVIDES ASSISTANCE TO THOSE STRUGGLING WITH HOUSING AND EMPLOYMENT. RENTAL PROPERTY WAS RENTED AT A RATE WHICH IS BELOW HUD GUIDELINES TO TENANTS WHO HAVE LOST THEIR HOMES TO FORECLOSURE.
TO TEACH YOUNG PEOPLE LIFE LESSONS THROUGH AVIATION AND ASSIST IN COMMUNITY DEVELOPMENT, 175 MINISTRY-RELATED HOURS WERE FLOWN IN AIRPLANES TO PROVIDE APPROXIMATELY 175 FLIGHT INSTRUCTION LESSONS, BENEFITING 30 STUDENTS; 90 MINISTRY-RELATED HOURS WERE FLOWN IN AIRPLANES TO PROVIDE INTERNATIONAL DISASTER RELIEF.CLASSES WERE HELD FOR 1.5 HOURS PER WEEK FOR 8 MONTHS TO TEACH TEENAGERS THE PRINCIPLES OF FLIGHT AND AERONAUTICAL DECISION MAKING, AND HOW USING THESE PROCESSES WILL WORK IN EVERY DAY LIFE, AND THAT THEY ARE ALL BIBLICAL PRINCIPLES. THIRTY TEEN STUDENTS BENEFITED.
THE MINISTRY PROVIDED COVID FOOD DISTRIBUTION 6 DAYS A WEEK FOR 8 MONTHS, DISTRIBUTING APPROXIMATELY 100 TONS OF FOOD TO APPROXIMATELY 10,000 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Bell President | OfficerTrustee | 40 | $0 |
Paul Rosbury Treasurer | OfficerTrustee | 0.5 | $0 |
L Angelia Bell Secretary | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,387,628 |
| Noncash contributions included in lines 1a–1f | $491,821 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,387,628 |
| Total Program Service Revenue | $352,923 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,440 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,783,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,890 |
| 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 | $236,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $315 |
| Advertising and promotion | $27,240 |
| Office expenses | $5,177 |
| Information technology | $25,639 |
| Royalties | $0 |
| Occupancy | $3,960 |
| Travel | $556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,355 |
| Interest | $58,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,498 |
| Insurance | $58,382 |
| All other expenses | $102,775 |
| Total functional expenses | $946,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,968 |
| 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 | $395 |
| Net Land, buildings, and equipment | $2,638,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,959 |
| Total assets | $3,193,835 |
| Accounts payable and accrued expenses | $211,039 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,038,425 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,249,464 |
| Net assets without donor restrictions | $1,944,371 |
| Net assets with donor restrictions | $0 |
| 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 | $3,193,835 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seminary Covenant Community has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augusta University Research Institute Inc Augusta, GA | $21,382,894 | $80,266,513 |
Ave Maria School Of Law Naples, FL | $21,394,119 | $23,155,503 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Florida International University Academic Health Center Health Care Miami, FL | $12,695,860 | $11,691,634 |
Laura Berry Campbell Trust For Columbia Theological Seminary Orlando, FL | $73,741,307 | $8,120,266 |
Talmudic College Of Florida Inc Miami Beach, FL | $19,278,547 | $4,925,622 |
Luther Rice University Inc Lithonia, GA | $7,749,300 | $4,580,851 |
L D Pankey Dental Foundation Inc Key Biscayne, FL | $8,662,484 | $3,687,716 |
Academy For Five Element Acupuncture Inc Gainesville, FL | $3,216,537 | $1,719,770 |
Heritage Bible College Savannah, GA | $1,470,682 | $1,484,140 |
Seminary Covenant Community Melbourne, FL | $3,193,835 | $1,783,542 |
Exalting Christ In Honduras Inc Seffner, FL | $2,942,860 | $818,825 |