Crown College
- Assets
- $38.3m
- Revenue
- $27.9m
- Investments
- $866.1k
- Employees
- 616
- Location
- St Bonifacius, MN
- Founding
- 02/1966
- Data as of
- 06/2021
- EIN
- 41-0693968
Organization Overview
Crown College is located in St Bonifacius, MN. The organization was established in 1966. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Crown College employed 616 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crown 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, Crown College generated $27.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $24.5m during the year ending 06/2021. While expenses have increased by 0.5% 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
TO PROVIDE A CHRISTIAN-BASED EDUCATION WITHOUT REGARD TO RACE, GENDER, AGE, HANDICAP OR ETHNICITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CLASSES WILL EQUIP YOU WITH PROFESSIONAL SKILLS WHILE INTEGRATING THOSE TOOLS WITH YOUR LIFE'S PURPOSE. AS YOU LEARN WHAT ROLES YOU HAVE BEEN CREATED FOR, WE'LL HELP YOU SEE HOW THAT FITS INTO A CAREER. TO PREPARE YOU ACADEMICALLY FOR LIFE'S CALLING, CROWN COLLEGE OFFERS OVER 35 UNDERGRADUATE DEGREE PROGRAMS AS WELL AS OPPORTUNITIES TO STUDY ABROAD AND TO BE PART OF A GREAT HONORS PROGRAM. CROWN HAD OVER 650 STUDENTS ENROLLED IN THE UNDERGRADUATE STUDIES PROGRAM AND GRADUATED OVER 100 STUDENTS.
CROWN COLLEGE'S SCHOOL OF ONLINE STUDIES & GRADUATE SCHOOL OFFERS YOU THE OPPORTUNITY TO LEARN IN THE CONVENIENCE OF YOUR OWN HOME! OUR CHRISTIAN BACHELOR AND GRADUATE DEGREE PROGRAMS IN MINNESOTA CAN BE COMPLETED ONLINE, PROVIDING THE CONVENIENCE OF EARNING A QUALITY EDUCATION WHEREVER YOU LIVE AND SERVE, WITH THE SUPPORT OF OUTSTANDING PROFESSORS AND ONLINE CLASSMATES. THE UNIQUELY DESIGNED COHORT MODELS IN OUR CHRISTIAN ONLINE DEGREE PROGRAMS PROVIDE A SUPPORTIVE ENVIRONMENT FOR LEARNING AND THE OPPORTUNITY TO FORM LASTING RELATIONSHIPS WITH OTHER STUDENTS. IF YOU ARE LOOKING FOR CHRISTIAN COLLEGES IN MINNESOTA OR WANT TO EARN AN ONLINE DEGREE IN BUSINESS, LEADERSHIP, PSYCHOLOGY OR CHRISTIAN STUDIES, IT'S TIME TO CONSIDER CROWN COLLEGE.
AUXILIARY EXPENDITURES (FOOD SERVICE, RESIDENCE, COLLEGE STORE) IN SUPPORT OF STUDENT EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Kummer Chair | OfficerTrustee | 1 | $0 |
Bob Solfelt Vice Chair | OfficerTrustee | 1 | $0 |
Kimberly Thomas Secretary | OfficerTrustee | 1 | $0 |
Hector Belen Trustee | Trustee | 1 | $0 |
Gary Frieson Trustee | Trustee | 1 | $0 |
Joel Harmon Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vos Construction Construction | 6/29/23 | $2,194,235 |
Sodexo Inc & Affiliates Food Service/facilities Services | 6/29/23 | $2,162,821 |
Ma Mortenson Construction | 6/29/23 | $1,612,741 |
Atlantic Culinary Environments Inc Dining Facility Design | 6/29/23 | $620,986 |
Hoffman Weber Construction Inc Construction | 6/29/23 | $735,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,101,310 |
| Investment income | $312,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,740 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,885,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,893,673 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $520,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,990,863 |
| Pension plan accruals and contributions | $259,932 |
| Other employee benefits | $1,056,802 |
| Payroll taxes | $526,847 |
| Fees for services: Management | $855,742 |
| Fees for services: Legal | $4,224 |
| Fees for services: Accounting | $86,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,678 |
| Fees for services: Other | $562,341 |
| Advertising and promotion | $457,680 |
| Office expenses | $384,469 |
| Information technology | $423,027 |
| Royalties | $0 |
| Occupancy | $743,977 |
| Travel | $199,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,983,588 |
| Insurance | $188,249 |
| All other expenses | $0 |
| Total functional expenses | $24,536,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,141 |
| Savings and temporary cash investments | $9,979,785 |
| Pledges and grants receivable | $94,787 |
| Accounts receivable, net | $232,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,254 |
| Prepaid expenses and deferred charges | $355,473 |
| Investments—publicly traded securities | $9,840,762 |
| Investments—other securities | $866,129 |
| Investments—program-related | $889,177 |
| Intangible assets | $0 |
| Other assets | $1,077,495 |
| Total assets | $38,310,652 |
| Accounts payable and accrued expenses | $622,294 |
| Grants payable | $0 |
| Deferred revenue | $703,878 |
| Tax-exempt bond liabilities | $7,855,955 |
| Escrow or custodial account liability | $22,370 |
| 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 | $2,172,941 |
| Total liabilities | $11,377,438 |
| 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 | $26,933,214 |