Christendom Educational Corporation
- Assets
- $95.1m
- Revenue
- $42.9m
- Investments
- $13.0k
- Employees
- 505
- Location
- Front Royal, VA
- Founding
- 01/1977
- Data as of
- 06/2022
- EIN
- 54-1031437
Organization Overview
Christendom Educational Corporation is located in Front Royal, VA. The organization was established in 1977. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Christendom Educational Corporation employed 505 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christendom Educational Corporation 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, Christendom Educational Corporation generated $42.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $29.0m during the year ending 06/2022. While expenses have increased by 5.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A CATHOLIC LIBERAL ARTS EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTENDOM COLLEGE IS A CATHOLIC LIBERAL ARTS COLLEGE WITH UNDERGRADUATE AND GRADUATE PROGRAMS. UNDERGRADUATE STUDENTS ENROLLED 530; GRADUATE STUDENTS ENROLLED 156.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Timothy O'donnell President | OfficerTrustee | 40 | $361,299 |
Stephen O'keefe Chairman Of The Board | OfficerTrustee | 0 | $0 |
Thomas C West Jr Director | Trustee | 0 | $0 |
Luanne Zurlo Secretary | OfficerTrustee | 0 | $0 |
Mark Swartzberg Director | Trustee | 0 | $0 |
Richard Hough Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Services Of Va Food | 6/29/22 | $795,577 |
Resourceone Mailings | 6/29/22 | $419,933 |
Beyer Studio Construction | 6/29/22 | $394,299 |
Strive3 Mailings | 6/29/22 | $299,759 |
Cornerstone Construction Construction | 6/29/22 | $378,978 |
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 | $19,732,211 |
| Noncash contributions included in lines 1a–1f | $764,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,732,211 |
| Total Program Service Revenue | $21,390,806 |
| Investment income | $783,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,967 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $969,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,902,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,704,425 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $543,778 |
| Compensation of current officers, directors, key employees. | $543,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,094,540 |
| Pension plan accruals and contributions | $310,846 |
| Other employee benefits | $1,256,187 |
| Payroll taxes | $650,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $205,806 |
| Fees for services: Investment Management | $96,443 |
| Fees for services: Other | $22,716 |
| Advertising and promotion | $120,061 |
| Office expenses | $2,524,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $569,659 |
| Travel | $478,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170,076 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,024,131 |
| Insurance | $387,443 |
| All other expenses | $428,845 |
| Total functional expenses | $29,044,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,835,965 |
| Savings and temporary cash investments | $8,533,575 |
| Pledges and grants receivable | $2,366,127 |
| Accounts receivable, net | $151,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,323,093 |
| Inventories for sale or use | $52,482 |
| Prepaid expenses and deferred charges | $21,297 |
| Net Land, buildings, and equipment | $42,728,795 |
| Investments—publicly traded securities | $31,497,019 |
| Investments—other securities | $12,981 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $539,919 |
| Total assets | $95,062,564 |
| Accounts payable and accrued expenses | $862,813 |
| 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 | $13,634,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,126,006 |
| Total liabilities | $15,623,585 |
| Net assets without donor restrictions | $52,725,031 |
| Net assets with donor restrictions | $26,713,948 |
| 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 | $95,062,564 |