Transylvania Christian Ministry Inc
- Assets
- $2.9m
- Revenue
- $2.1m
- Investments
- $1.4m
- Employees
- 12
- Location
- Brevard, NC
- Founding
- 08/1981
- Data as of
- 12/2021
- EIN
- 56-1292875
Organization Overview
Transylvania Christian Ministry Inc is located in Brevard, NC. The organization was established in 1981. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Transylvania Christian Ministry Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transylvania Christian Ministry 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 12/2021, Transylvania Christian Ministry Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A FAITH BASED ORGANIZATION OPERATING AS A CRISIS MINISTRY THAT ASSISTS COUNTY RESIDENTS WITH HEAT, UTILITIES, SHELTER, FOOD, AND CLOTHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARING HOUSE, A CRISIS MINISTRY, PROVIDES FOOD, CLOTHING, HOUSEHOLD ITEMS, FINANCIAL ASSISTANCE, AND SCHOOL SUPPLIES TO PEOPLE IN NEED. FAMILIES AND INDIVIDUALS WHOSE DOCUMENTED INCOME IS NO MORE THAN 200 PERCENT OF POVERTY LEVEL ARE SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Loeb President | OfficerTrustee | 2 | $0 |
Al Mccoubrey Vice Preside | OfficerTrustee | 2 | $0 |
Virginia Bradford Secretary | OfficerTrustee | 2 | $0 |
Scott Baker Treasurer | OfficerTrustee | 2 | $0 |
Shelly Webb Executive Di | Officer | 40 | $0 |
Connie Byrne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,052,826 |
| Noncash contributions included in lines 1a–1f | $647,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,066,875 |
| Total Program Service Revenue | $0 |
| Investment income | $37,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,104,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,024,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,930 |
| Pension plan accruals and contributions | $7,999 |
| Other employee benefits | $0 |
| Payroll taxes | $31,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,209 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $3,376 |
| Office expenses | $23,654 |
| Information technology | $13,061 |
| Royalties | $0 |
| Occupancy | $9,864 |
| Travel | $0 |
| 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 | $22,480 |
| Insurance | $9,226 |
| All other expenses | $8,397 |
| Total functional expenses | $1,641,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,931 |
| Savings and temporary cash investments | $588,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,511 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,359,135 |
| Investments—program-related | $386,623 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,855,795 |
| Accounts payable and accrued expenses | $15,479 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,479 |
| Net assets without donor restrictions | $2,728,537 |
| Net assets with donor restrictions | $111,779 |
| 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 | $2,855,795 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Transylvania Christian Ministry Inc has recieved totaling $386,398.
| Awarding Organization | Amount |
|---|---|
Manna Food Bank Inc Asheville, NC PURPOSE: FOOD DISTRIBUTION | $236,931 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $38,250 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $32,816 |
| $32,500 | |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ASSISTING PEOPLE IN NEED | $32,000 |
Pisgah Health Foundation Brevard, NC PURPOSE: FOOD RESOURCE | $10,000 |
Endowment Analysis
| Beg. Balance | $372,867 |
| Earnings | $37,879 |
| Admin Expense | $3,493 |
| Other Expense | $20,630 |
| Ending Balance | $386,623 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |