Advent Christian General Conference Of America
- Assets
- $15.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Charlotte, NC
- Founding
- 09/1958
- Data as of
- 12/2023
- EIN
- 36-2298423
Organization Overview
Advent Christian General Conference Of America is located in Charlotte, NC. The organization was established in 1958. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Advent Christian General Conference Of America employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Advent Christian General Conference Of America 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 12/2023, Advent Christian General Conference Of America generated $2.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVENT CHRISTIAN GENERAL CONFERENCE PROVIDES SERVICES AND RESOURCES THAT CONTRIBUTE TO THE HEALTH, GROWTH AND MULTIPLICATION OF THE CHRISTIAN CHURCH AND ITS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL MISSIONS IS WORKING TO ESTABLISH REPRODUCING CHURCHES AMONG THE UNREACED PEOPLE GROUPS OF THE WORLD. WE ARE CONTINUING TO EXPAND OUR WORK WITH THE HADZABE PEOPLE OF TANZANIA, AS WELL AS ONGOING OUTREACH IN ABOUT 30 COUNTRIES AROUND THE WORLD.
PENSION PROGRAM - WE ADMINISTER A CHURCH PENSION PLAN FOR OUR MEMBER CHURCHES. MINISTERS MAY WITHDRAW FUNDS OR RECEIVE MONTHLY ANNUITY PAYMENTS IN ACCORDANCE WITH IRS AND PENSION PLAN GUIDELINES.
UNITED MINISTRIES PROGRAM - A PORTION OF DONATIONS FROM CHURCHES ARE DISTRIBUTED TO EACH OF OUR FIVE REGIONAL OFFICES FOR THE PURPOSE OF OUTREACH AND CHURCH PLANTING WITHIN THEIR REGION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lawson Executive Dir. | Officer | 40 | $78,191 |
Dawn Rutan Treasurer | Officer | 40 | $70,021 |
John Gallagher President | Trustee | 0 | $0 |
Thomas Loghry Secretary | Trustee | 0 | $0 |
Travis Hutcheson Appalachian Vice President | Trustee | 0 | $0 |
Raymond Bezanson Central Vice President | 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 | $1,674,928 |
| Noncash contributions included in lines 1a–1f | $10,294 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,674,928 |
| Total Program Service Revenue | $32,558 |
| Investment income | $411,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,756 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,442,448 |
| 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 | $228,312 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $191,292 |
| Compensation of current officers, directors, key employees. | $191,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,775 |
| Pension plan accruals and contributions | $6,150 |
| Other employee benefits | $49,450 |
| Payroll taxes | $36,068 |
| Fees for services: Management | $16,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,335 |
| Fees for services: Other | $124,654 |
| Advertising and promotion | $91,918 |
| Office expenses | $0 |
| Information technology | $13,434 |
| Royalties | $0 |
| Occupancy | $27,096 |
| Travel | $62,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,439 |
| Interest | $0 |
| Payments to affiliates | $422,626 |
| Depreciation, depletion, and amortization | $10,323 |
| Insurance | $9,377 |
| All other expenses | $0 |
| Total functional expenses | $2,375,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,139 |
| Savings and temporary cash investments | $1,178,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,452 |
| Prepaid expenses and deferred charges | $12,487 |
| Net Land, buildings, and equipment | $253,286 |
| Investments—publicly traded securities | $13,608,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,287 |
| Total assets | $15,516,547 |
| Accounts payable and accrued expenses | $47,009 |
| 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 | $9,079,099 |
| Total liabilities | $9,126,108 |
| Net assets without donor restrictions | $3,937,119 |
| Net assets with donor restrictions | $2,453,320 |
| 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 | $15,516,547 |