Summit Christian College
- Assets
- $988.7k
- Revenue
- $725.9k
- Investments
- $150.8k
- Employees
- 30
- Location
- Gering, NE
- Founding
- 09/1961
- Data as of
- 06/2022
- EIN
- 47-6025325
Organization Overview
Summit Christian College is located in Gering, NE. The organization was established in 1961. As of 06/2022, Summit Christian College employed 30 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 06/2022, Summit Christian College generated $725.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $792.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY EDUCATION
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 | $44,778 |
Thomas S Gribble Academic Dea | Officer | 40 | $29,975 |
Angie Arnold Secretary | Trustee | 1 | $0 |
Larry Berlin Vice Chairma | Trustee | 1 | $0 |
Rick Derr Treasurer | Trustee | 1 | $0 |
Dr Roger Curry Board Member | Trustee | 1 | $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 | $449,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,335 |
| Total Program Service Revenue | $158,023 |
| Investment income | $5,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $113,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,158 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,126 |
| Compensation of current officers, directors, key employees. | $111,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,511 |
| Pension plan accruals and contributions | $844 |
| Other employee benefits | $0 |
| Payroll taxes | $21,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,754 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,770 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,203 |
| Insurance | $14,242 |
| All other expenses | $17,291 |
| Total functional expenses | $792,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,290 |
| 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 | $5,141 |
| Net Land, buildings, and equipment | $507,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $150,783 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,377 |
| Total assets | $988,660 |
| Accounts payable and accrued expenses | $17,074 |
| 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 | $128,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,538 |
| Total liabilities | $149,176 |
| Net assets without donor restrictions | $683,872 |
| Net assets with donor restrictions | $155,612 |
| 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 | $988,660 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Summit Christian College has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
C W Yount Foundation Inc Gering, NE PURPOSE: COLLEGE SUPPORT | $10,000 |
C W Yount Foundation Inc Gering, NE PURPOSE: SCHOLARSHIPS | $8,000 |
Endowment Analysis
| Beg. Balance | $141,028 |
| Earnings | $9,755 |
| Ending Balance | $150,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
North Park University Chicago, IL | $342,334,574 | $94,494,659 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |