Davenant Institute Inc
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Landrum, SC
- Founding
- 02/2015
- Data as of
- 06/2024
- EIN
- 46-3555902
Organization Overview
Davenant Institute Inc is located in Landrum, SC. The organization was established in 2015. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2024, Davenant Institute Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davenant Institute Inc 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 06/2024, Davenant Institute Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $935.5k during the year ending 06/2024. While expenses have increased by 27.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO EQUIP EVANGELICAL AND REFORMED CHRISTIANS FOR CHURCH LEADERSHIP, CIVIC PARTICIPATION, AND FAITHFUL DISCIPLESHIP IN OTHER VOCATIONS AS RESPONSIBLE CITIZENS, BY ENCOURAGING SCHOLARLY RESEARCH INTO THE TIME-TESTED RESOURCES OF EARLY PROTESTANT THEOLOGY, PHILOSOPHY, ETHICS, CIVICS, AND JURISPRUDENCE, AND BY PUTTING THESE RESOURCES AT THE DISPOSAL OF THE CONTEMPORARY CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2023-24 FISCAL YEAR, THE DAVENANT INSTITUTE CONTINUED AND EXPANDED ITS WORK OF RENEWING CHRISTIAN WISDOM FOR THE CONTEMPORARY CHURCH THROUGH OUR PUBLISHING OPERATIONS, OUR COURSES, AND OUR IN-PERSON EVENTS. UNDER THE FIRST HEADING, WE CONTINUED PUBLISHING OUR QUARTERLY JOURNAL, AD FONTES, LAUNCHED A NEW ONLINE PUBLICATION, COMMONWEALTH,AND PUBLISHED SEVERAL NEW BOOKS. UNDER THE SECOND HEADING, WE EXPANDED OUR DAVENANT HALL PROGRAM OF ONLINE EDUCATION WITH NEW COURSES AND NEW TEACHERS, LAUNCHED 6 NEW CERTIFICATE PROGRAMS, AND REVISED OUR ORIGINAL DEGREE. UNDER THE THIRD HEADING, WE HELD THREE REGIONAL CONFERENCES AND HELD OUR FIRST EVENT FOR OUR RENEWING CONGREGATIONS INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bradford Littlejohn President | OfficerTrustee | 50 | $60,289 |
Colin Redemer Vice President | OfficerTrustee | 30 | $58,150 |
Christine Stokes Treasurer | Officer | 5 | $15,900 |
Nathan Johnson Executive Dir. | OfficerTrustee | 25 | $9,900 |
Eric Enlow Vice President | OfficerTrustee | 2 | $0 |
Wyatt Graham Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,041 |
| Fundraising events | $3,896 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $844,035 |
| Noncash contributions included in lines 1a–1f | $7,830 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,972 |
| Total Program Service Revenue | $229,626 |
| Investment income | $7,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,263,787 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,235 |
| Compensation of current officers, directors, key employees. | $144,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,343 |
| Office expenses | $5,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,327 |
| Insurance | $6,431 |
| All other expenses | $178,140 |
| Total functional expenses | $935,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| Loans from Officers, Directors, or Controlling Persons | -$235 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $784,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $156,324 |
| Other assets | $77,300 |
| Total assets | $1,447,690 |
| Accounts payable and accrued expenses | $3,413 |
| 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 | $438,043 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,217 |
| Total liabilities | $443,673 |
| Net assets without donor restrictions | $988,003 |
| Net assets with donor restrictions | $16,014 |
| 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 | $1,447,690 |