Mid-South Christian College
- Assets
- $2.4m
- Revenue
- $1.8m
- Investments
- $183.0k
- Employees
- 35
- Location
- Memphis, TN
- Founding
- 10/1976
- Data as of
- 06/2024
- EIN
- 51-0205293
Organization Overview
Mid-South Christian College is located in Memphis, TN. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2024, Mid-South Christian College employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-South 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 06/2024, Mid-South Christian College generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. 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
MID-SOUTH CHRISTIAN COLLEGE IS AN INSTITUTION OF BIBLICAL HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 30 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Mcgee Chairman | OfficerTrustee | 2 | $0 |
David Lewis Vice Chairman | OfficerTrustee | 2 | $0 |
Marcus Johnson Trustee | Trustee | 2 | $0 |
Penelope Pentecost-Arnold Trustee | Trustee | 2 | $0 |
Frank Williams Trustee | Trustee | 2 | $0 |
Archie Taflinger Secretary | Trustee | 2 | $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 | $1,597,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,597,194 |
| Total Program Service Revenue | $105,853 |
| Investment income | $13,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,783,471 |
| 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. | $51,878 |
| Compensation of current officers, directors, key employees. | $15,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,969 |
| Advertising and promotion | $0 |
| Office expenses | $22,356 |
| Information technology | $13,148 |
| Royalties | $0 |
| Occupancy | $182,751 |
| Travel | $21,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,673 |
| Insurance | $0 |
| All other expenses | $12,146 |
| Total functional expenses | $1,649,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,323 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,226,789 |
| Investments—publicly traded securities | $308,469 |
| Investments—other securities | $183,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,150 |
| Total assets | $2,393,849 |
| Accounts payable and accrued expenses | $52,497 |
| Grants payable | $0 |
| Deferred revenue | $17,897 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,394 |
| Net assets without donor restrictions | $1,640,826 |
| Net assets with donor restrictions | $682,629 |
| 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 | $2,393,849 |