Presbyterian Heritage Center
- Assets
- $326.1k
- Revenue
- $386.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Montreat, NC
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 56-2462726
Organization Overview
Presbyterian Heritage Center is located in Montreat, NC. The organization was established in 2005. 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. Presbyterian Heritage Center 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, Presbyterian Heritage Center generated $386.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $297.7k during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESBYTERIAN HERITAGE CENTER (THE CENTER) IS AN INDEPENDENT, INNOVATIVE, AND INTERACTIVE EDUCATIONAL CENTER - HONORING THE PAST, INFORMING THE PRESENT, AND INFLUENCING THE FUTURE. SEE SCHEDULE O FOR MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AND OPERATE AN INNOVATIVE, INTERACTIVE AND EDUCATIONAL LEARNING CENTER AND RESEARCH FACILITY (BOTH ONSITE AND ONLINE) IN MONTREAT, NORTH CAROLINA.
DEVELOP & CONDUCT GENERAL EDUCATION SYMPOSIUMS IN ACCORDANCE WITH THE CENTER'S MISSION OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Scheu Director/vic | OfficerTrustee | $0 | |
Hugh Q Alexander Jr Director/tre | OfficerTrustee | $0 | |
Sue Diehl Director/sec | OfficerTrustee | $0 | |
Richard A Ray Director/cha | OfficerTrustee | $0 | |
Judy Shuford Director | Trustee | $0 | |
Mason Blake Director | Trustee | $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 | $359,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,582 |
| 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 | $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 | $386,066 |
| 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 | $59,785 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,320 |
| Office expenses | $122,111 |
| Information technology | $19,117 |
| Royalties | $0 |
| Occupancy | $55,304 |
| Travel | $1,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,457 |
| Insurance | $2,768 |
| All other expenses | $0 |
| Total functional expenses | $297,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,312 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,772 |
| Total assets | $326,051 |
| 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 | $216,311 |
| Net assets with donor restrictions | $109,740 |
| 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 | $326,051 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Presbyterian Heritage Center has recieved totaling $134,750.
| Awarding Organization | Amount |
|---|---|
Cousins Foundation Inc Atlanta, GA PURPOSE: GENERAL PURPOSE | $40,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $30,000 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: EDUCATION GRANT | $20,000 |
Cousins Foundation Inc Atlanta, GA PURPOSE: GENERAL PURPOSE | $20,000 |
Robert C And Sadie G Anderson Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Shepherd Foundation Inc Atlanta, GA PURPOSE: GENERAL FUND | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Christian Foundation Real Property Inc Alpharetta, GA | $69,065,841 | $20,328,188 |
Upward Unlimited Foundation Spartanburg, SC | $108,112 | $158,345 |
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 |