Summit Christian College
- Assets
- $962.6k
- Revenue
- $774.6k
- Investments
- $120.1k
- Employees
- 34
- Location
- Gering, NE
- Founding
- 09/1961
- Data as of
- 06/2023
- EIN
- 47-6025325
Organization Overview
Summit Christian College is located in Gering, NE. The organization was established in 1961. As of 06/2023, Summit Christian College employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Christian 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 06/2023, Summit Christian College generated $774.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $801.7k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUMMIT CHRISTIAN COLLEGE, AN INSTITUTION OF HIGHER LEARNING, AND EDUCATES PEOPLE FOR CHRISTIAN LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY EDUCATION FOR BACCALAUREATE DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Parrish President | Officer | 40 | $48,073 |
Angie Arnold Board Member | OfficerTrustee | $0 | |
Larry Berlin Vice Chairma | OfficerTrustee | $0 | |
Dr Roger Curry Board Member | OfficerTrustee | $0 | |
Rick Derr Treasurer | OfficerTrustee | $0 | |
Andy Gudahl Board Member | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $464,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,649 |
| Total Program Service Revenue | $187,635 |
| Investment income | $5,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $116,774 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,568 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,073 |
| Compensation of current officers, directors, key employees. | $63,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,725 |
| Pension plan accruals and contributions | $750 |
| Other employee benefits | $0 |
| Payroll taxes | $20,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,523 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,360 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,456 |
| Insurance | $13,763 |
| All other expenses | $6,183 |
| Total functional expenses | $801,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,874 |
| 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 | $5,327 |
| Net Land, buildings, and equipment | $483,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $120,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,377 |
| Total assets | $962,555 |
| Accounts payable and accrued expenses | $26,714 |
| 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 | $118,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,138 |
| Total liabilities | $150,210 |
| Net assets without donor restrictions | $686,757 |
| Net assets with donor restrictions | $125,588 |
| 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 | $962,555 |