Montreat Conference Center Development Foundation Inc
- Assets
- $2.6m
- Revenue
- -$161.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Montreat, NC
- Founding
- 01/2000
- Data as of
- 04/2022
- EIN
- 56-2151021
Organization Overview
Montreat Conference Center Development Foundation Inc is located in Montreat, NC. The organization was established in 2000. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montreat Conference Center Development Foundation 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 04/2022, Montreat Conference Center Development Foundation Inc generated -$161.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEEKS TO GLORIFY GOD BY SERVING THE WHOLE CHURCH OF JESUS CHRIST BY CALLING ALL GOD'S PEOPLE TO A PLACE SET APART, FOR SPIRITUAL COMMITMENT AND RENEWAL, TO GROW IN DISCIPLESHIP, TO BUILD RELATIONSHIPS, AND TO PREPARE ONE ANOTHER FOR CHRIST'S MINISTRY IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS CHARGED WITH THE SOLICITATION AND THE INFORMED INVESTMENT AND SAFEGUARDING OF ENDOWMENT AND CAPITAL FUNDS OF THE ORGANIZATION AND OF THE MOUNTAIN RETREAT ASSOCIATION (A RELATED NONPROFIT ORGANIZATION) IN ORDER THAT THE PURPOSES AND PROGRAMS OF THE MRA CAN BE SUSTAINED AND ENHANCED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morrow Bailey Director | OfficerTrustee | 1 | $0 |
Clarence W Legerton III Chair | OfficerTrustee | 1 | $0 |
David Evans Vice Chair | OfficerTrustee | 1 | $0 |
Julie Phelps Bacon Director | OfficerTrustee | 1 | $0 |
Margo K Smith Director | OfficerTrustee | 1 | $0 |
Julia Sibley-Jones Treasurer | OfficerTrustee | 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 | $220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$161,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$161,567 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,569,443 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,569,443 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $293,544 |
| Net assets with donor restrictions | $2,275,899 |
| 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 | $2,569,443 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Montreat Conference Center Development Foundation Inc has recieved totaling $83,117.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: RELIGION GRANT | $50,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 4 GRANT(S) FOR VARYING PURPOSES | $17,092 |
Orlean And Ralph W Beeson Fund Birmingham, AL PURPOSE: EMERGENCY OPERATING FUNDS AND SUPPORT FOR THE MONTREAT FUND | $10,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: RELIGION-RELATED | $6,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $25 |
Endowment Analysis
| Beg. Balance | $2,275,679 |
| Ending Balance | $2,275,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcmichael Communications Group Inc Atlanta, GA | $7,951,989 | $7,334,064 |
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
St Marys Highland Hills Inc Athens, GA | $10,415,117 | $5,487,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Family Christian Resource Centers Inc Alpharetta, GA | $59,520,586 | $1,549,000 |
First Baptist Church Foundation Charleston, SC | $17,785,302 | $743,678 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Hopegivers International Inc Columbus, GA | $1,962,256 | $2,287,272 |
Bellevue Foundation Inc Cordova, TN | $4,434,633 | $1,873,411 |
St Andrews Church-Mt Pleasant Land Tr Mount Pleasant, SC | $27,158,442 | $3,957,670 |