Presbyterian Student Center Foundation
- Assets
- $14.9m
- Revenue
- $2.5m
- Investments
- $37.1k
- Employees
- 12
- Location
- Madison, WI
- Founding
- 05/1980
- Data as of
- 06/2021
- EIN
- 39-0808440
Organization Overview
Presbyterian Student Center Foundation, operating under the name Pres House, is located in Madison, WI. The organization was established in 1980. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Pres House employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pres House 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, Pres House generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INTELLECTUAL, MORAL & RELIGIOUS GROWTH OF PEOPLE IN THE UNIVERSITY OF WISCONSIN COMMUNITY IN WAYS CONSISTENT WITH THE PRINCIPALS & PURPOSES OF THE PRESBYTERIAN CHURCH (USA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCE COMMUNITY - PRES HOUSE PROVIDES A RELIGIOUS CENTER AND PURPOSEFUL STUDENT HOUSING TO SUPPORT THE SPIRITUAL, EMOTIONAL, AND INTELLECTUAL GROWTH OF THE RESIDENTS AND MEMBERS OF THE CAMPUS COMMUNITY. TO ACCOMPLISH THIS GOAL, PRES HOUSE PROVIDES DISCUSSION GROUPS, STUDY SPACES, MEALS, SERVICE OPPORTUNITIES, AND OTHER EVENTS.
CHURCH COMMUNITY - AS A MINISTRY OF THE PRESBYTERIAN CHURCH, U.S.A., PRES HOUSE PROVIDES WORSHIP SERVICES AND OTHER SERVICES TO MEET THE SPIRITUAL NEEDS OF THE CAMPUS COMMUNITY.
YOUNG PROFESSIONALS - GATHERX IS A PLACE OF CONNECTION, INTERSECTION, AND IGNITION FOR 23-30 YEAR-OLDS TO FIND EACH OTHER AND BE EMPOWERED TO BUILD A MEANINGFUL COMMUNITY THAT HAS A PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Elsdon Executive Director | Officer | 24 | $71,451 |
Andy Holmes Vice President | OfficerTrustee | 1 | $0 |
Wrede Smith Treasurer | OfficerTrustee | 1 | $0 |
Callie Hill Secretary | OfficerTrustee | 1 | $0 |
Laurie Jones President | OfficerTrustee | 2 | $0 |
Angela Byars-Winston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,781 |
| Investment income | $46,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,834 |
| Net Gain/Loss on Asset Sales | $819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,498,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $84,977 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,048 |
| Pension plan accruals and contributions | $26,212 |
| Other employee benefits | $133,515 |
| Payroll taxes | $23,439 |
| Fees for services: Management | $106,340 |
| Fees for services: Legal | $3,352 |
| Fees for services: Accounting | $42,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,511 |
| Fees for services: Other | $54,565 |
| Advertising and promotion | $22,759 |
| Office expenses | $52,854 |
| Information technology | $8,957 |
| Royalties | $0 |
| Occupancy | $483,622 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,811 |
| Interest | $336,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,236 |
| Insurance | $3,945 |
| All other expenses | $0 |
| Total functional expenses | $2,211,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,740 |
| Savings and temporary cash investments | $641,787 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $119,982 |
| 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 | $100,436 |
| Investments—publicly traded securities | $2,335,044 |
| Investments—other securities | $37,052 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83 |
| Total assets | $14,924,897 |
| Accounts payable and accrued expenses | $155,101 |
| Grants payable | $0 |
| Deferred revenue | $80,433 |
| Tax-exempt bond liabilities | $9,552,605 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $277,543 |
| Total liabilities | $11,865,682 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,059,215 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Presbyterian Student Center Foundation has recieved totaling $5,400.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $400 |
Endowment Analysis
| Beg. Balance | $144,941 |
| Earnings | -$16,725 |
| Admin Expense | $1,446 |
| Other Expense | $2,500 |
| Ending Balance | $124,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Advent House Ministries Inc Lansing, MI | $1,296,917 | $17,350,571 |
Mel Trotter Ministries Grand Rapids, MI | $13,737,280 | $17,550,593 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
Interim Pastor Ministries Inc Orleans, MI | $699,514 | $5,433,287 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |