Calvary University
- Assets
- $12.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 199
- 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 06/2021, Calvary University employed 199 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF INDEPENDENT CHRISTIAN COLLEGE
Describe the Organization's Program Activity:
OPERATION OF CHRISTIAN UNIVERSITY. FULL TIME EQUIVALENT STUDENTS-APPROXIMATELY 294 EACH SEMESTER
OPERATION OF CHRISTIAN UNIVERSITY. FULL TIME EQUIVALENT STUDENTS-APPROXIMATELY 294 EACH SEMESTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Randy Grimm Chief Financial Officer | Officer | 40 | $63,915 |
Dr Teddy Bitner Vice President | Officer | 40 | $57,213 |
Dr Christopher Cone Part-Year President | OfficerTrustee | 1 | $46,488 |
Dwight Ascher Vice Chairman | OfficerTrustee | 1 | $0 |
Gregory Washington Secretary | OfficerTrustee | 1 | $0 |
Rev Tom Zobrist Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,525 |
| Related organizations | $0 |
| Government grants | $1,084,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $987,172 |
| Noncash contributions included in lines 1a–1f | $32,293 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,347,266 |
| Total Program Service Revenue | $3,125,424 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $42,694 |
| 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 | $2,852 |
| 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 |
| Net Land, buildings, and equipment | $8,342,587 |
| 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 | $6,521,143 |
| Net assets with donor restrictions | $3,021,507 |
| 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 | $12,316,825 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Calvary University has recieved totaling $66,393.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $35,500 |
Living Waters Christian Canoe Camp And Retreat Center Inc Overland Park, KS PURPOSE: OUTDOOR ADVENTURE LEADERSHIP | $12,500 |
Samuel C Howes Trust Uw Art 7 Fbo Moody Bible Institute 0708132 Boston, MA PURPOSE: SCHOLARSHIPS | $8,000 |
Gospel Education Fellowship Inc Moscow Mills, MO PURPOSE: TO SPREAD THE GOSPEL | $5,000 |
Leo Adler Community Fdn Tr 2429000-01 Portland, OR PURPOSE: GENERAL SUPPORT | $3,000 |
Pete Henry Foundation Colby, KS PURPOSE: SCHOLARSHIPS | $2,100 |
Endowment Analysis
| Beg. Balance | $457,850 |
| Earnings | -$5,872 |
| Net Contributions | $770 |
| Other Expense | $5,876 |
| Ending Balance | $446,872 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allen College Waterloo, IA | $31,467,568 | $14,208,836 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |