Carolina Christian College Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Winstonsalem, NC
- Founding
- 09/1954
- Data as of
- 06/2022
- EIN
- 56-6061483
Organization Overview
Carolina Christian College Inc is located in Winstonsalem, NC. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Carolina Christian College Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Christian College 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 06/2022, Carolina Christian College Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 25.3% per year over the past 6 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
IT IS THE MISSION OF CAROLINA CHRISTIAN COLLEGE TO PROVIDE BIBLICALLY-BASED ACADEMIC PROGRAMS THAT PREPARE MEN AND WOMEN FOR MINISTRY AND COMMUNITY SERVICE WITH A FOCUS ON THE AFRICAN-AMERICAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED FOR SCRIPTURAL STUDIES INSTRUCTION TO APPROXIMATELY 40 TO 60 BIBLICAL COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montinque Cager Director | Trustee | 1 | $0 |
Maurice Crocker Director | Trustee | 1 | $0 |
Patti Dobbins Director | Trustee | 1 | $0 |
Denisaha Hendricks Director | Trustee | 1 | $0 |
Mark Hughes Director | Trustee | 1 | $0 |
April Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $641,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,076 |
| Total Program Service Revenue | $642,802 |
| Investment income | $977 |
| 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 | $1,472,178 |
| 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 | $358,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,347 |
| Payroll taxes | $27,106 |
| 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 | $207,000 |
| Advertising and promotion | $22,473 |
| Office expenses | $52,640 |
| Information technology | $59,226 |
| Royalties | $0 |
| Occupancy | $189,687 |
| Travel | $78,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $15,231 |
| Conferences, conventions, and meetings | $9,463 |
| Interest | $12,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,100 |
| Insurance | $17,296 |
| All other expenses | $7,217 |
| Total functional expenses | $1,384,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,604 |
| 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 | $8,055 |
| Net Land, buildings, and equipment | $996,452 |
| Investments—publicly traded securities | $208,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $1,317,636 |
| Accounts payable and accrued expenses | $89,186 |
| Grants payable | $0 |
| Deferred revenue | $73,680 |
| 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 | $209,040 |
| Unsecured mortgages and notes payable | $2,167 |
| Other liabilities | $98,264 |
| Total liabilities | $472,337 |
| Net assets without donor restrictions | $637,265 |
| Net assets with donor restrictions | $208,034 |
| 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 | $1,317,636 |