Corporation For Educational Advancement
- Assets
- $8.3k
- Revenue
- $92.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 09/2007
- Data as of
- 12/2018
- EIN
- 35-2246430
Organization Overview
Corporation For Educational Advancement, operating under the name Thomas International Center, is located in Raleigh, NC. The organization was established in 2007. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas International Center 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 12/2018, Thomas International Center generated $92.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $90.2k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE CULTURAL RENEWAL IN LIGHT OF THE WESTERN AND CHRISTIAN INTELLECTUAL TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THOMAS INTERNATIONAL CENTER HAS A BROAD GOAL: CULTURAL RENEWAL IN LIGHT OF THE WESTERN AND CHRISTIAN INTELLECTUAL TRADITIONS. THE SPECIFIC OBJECTIVES ARE, FIRST, WORKING WITH STUDENTS AT NATIONALLY RENOWNED UNIVERSITIES TO HELP THEM ACHIEVE A MORE INTEGRATED EDUCATION, DRAWING ON THE CLASSICAL CHRISTIAN HERITAGE OF WESTERN CIVILIZATION;SECOND, PROMOTING SCHOLARSHIP IN THE CLASSICAL AND CHRISTIAN INTELLECTUAL TRADITION, ESPECIALLY AS REPRESENTED BY THOMAS AQUINAS, WHICH OFFERS A SOUND FRAMEWORK FOR ADDRESSING THE MANY SOCIAL PROBLEMS WE HAVE TODAY; AND THIRD, SPONSORING PROGRAMS OPEN TO THE PUBLIC TO CLARIFY IMPORTANT ISSUES FACING SOCIETY, ESPECIALLY IN LIGHT OF PRINCIPLES OF CLASSICAL AND CHRISTIAN WESTERN CIVILIZATION AND THE AMERICAN FOUNDING.IN FURTHERANCE OF THIS PURPOSE, THE ORGANIZATION SPONSORED AND ORGANIZED SEVERAL PUBLIC FORUMS AT WHICH THEOLOGIANS THEY HAD RECRUITED SPOKE ON THESE ISSUES. IT IS ALSO COMMITTED TO PROVIDE AN ONLINE TEACHING PLATFORM IN PARTNERSHIP WITH SOME EXISTING CATHOLIC UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesus Izaguirre Vice President | OfficerTrustee | 0 | $0 |
Gregg Hobbs Secretary Treasurer | OfficerTrustee | 0 | $0 |
Christopher Wolfe Director | Trustee | 0 | $0 |
Alfred J Freddoso Director | Trustee | 0 | $0 |
Robert A Gahl Jr Director | Trustee | 0 | $0 |
Frank R O'brian Director | Trustee | 0 | $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 | $92,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,459 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $92,459 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,086 |
| Fees for services: Legal | $2,331 |
| 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 | $0 |
| Advertising and promotion | $330 |
| Office expenses | $8,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,055 |
| Travel | $189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $799 |
| Insurance | $1,246 |
| All other expenses | $1,116 |
| Total functional expenses | $90,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,079 |
| Savings and temporary cash investments | $300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,150 |
| Total assets | $8,327 |
| Accounts payable and accrued expenses | $77 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $8,250 |