Calvary University
- Assets
- $12.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 175
- Location
- Kansas City, MO
- Founding
- 12/1962
- Data as of
- 06/2021
- EIN
- 43-6052681
Organization Overview
Calvary University is located in Kansas City, MO. The organization was established in 1962. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Calvary University employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvary University 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, Calvary University generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2021. 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
OPERATION OF INDEPENDENT CHRISTIAN COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHRISTIAN UNIVERSITY. FULL TIME EQUIVALENT STUDENTS-APPROXIMATELY 493 EACH SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Ascher Vice Chairman | OfficerTrustee | 1 | $0 |
Dr Victor Borden Trustee | Trustee | 1 | $0 |
Gracia Burnham Trustee | Trustee | 1 | $0 |
Gregory Washington Trustee | Trustee | 1 | $0 |
Rev Tom Zobrist Trustee | Trustee | 1 | $0 |
Adrion Roberson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,347,266 |
| Investment income | $85,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $572 |
| Net Rental Income | $2,225 |
| Net Gain/Loss on Asset Sales | -$4,576,387 |
| Net Income from Fundraising Events | -$25,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,875,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $586,710 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $237,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,741,833 |
| Pension plan accruals and contributions | $2,898 |
| Other employee benefits | $97,828 |
| Payroll taxes | $209,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,525 |
| Fees for services: Accounting | $23,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,523 |
| Advertising and promotion | $24,216 |
| Office expenses | $247,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $617,590 |
| Travel | $37,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,957 |
| Interest | $38,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,327 |
| Insurance | $113,586 |
| All other expenses | $0 |
| Total functional expenses | $6,000,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,764,533 |
| Savings and temporary cash investments | $708,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $89,265 |
| Inventories for sale or use | $3,870 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,268,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,474 |
| Total assets | $12,316,825 |
| Accounts payable and accrued expenses | $270,787 |
| Grants payable | $0 |
| Deferred revenue | $661,741 |
| 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 | $889,177 |
| Other liabilities | $952,470 |
| Total liabilities | $2,774,175 |
| 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 | $9,542,650 |