The South Carolina Inn At Montreat
- Assets
- $2.7m
- Revenue
- $167.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Montreat, NC
- Founding
- 07/1976
- Data as of
- 12/2020
- EIN
- 57-0555506
Organization Overview
The South Carolina Inn At Montreat is located in Montreat, NC. The organization was established in 1976. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. South Carolina Inn At Montreat 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 12/2020, South Carolina Inn At Montreat generated $167.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $131.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SC INN AT MONTREAT IS TO PROVIDE LODGING AND A PLACE OF FELLOWSHIP FOR CHURCH PROFESSIONAL GROUPS OF ALL AGES, FAMILIES, AND INDIVIDUALS WHILE THEY PARTICIPATE IN THE CONFERENCES, RETREATS, STUDY EVENTS, AND RECREATIONAL ACTIVITIES PROVIDED BY THE MONTREAT CENT
Describe the Organization's Program Activity:
THROUGHOUT 2021 THE SC INN PROVIDED HOUSING AND MEETING SPACE FOR 488 GUESTS WHO ATTENDED EVENTS SPONSORED BY EITHER MONTREAT CONFERENCE CENTER (PC-USA) OR THEIR HOME CHURCHES FOR RETREATS. GUEST ATTENDENCE IS SIGNFICANTLY DOWN DUE TO COVID-19. THE INN HOPES TO RETURN TO ITS PREVIOUS ATTENDENCE RATES BY FALL OF 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Cameron Manager | Officer | 40 | $48,400 |
Jim Caprell Moderator | OfficerTrustee | 1 | $0 |
Stephen Price Financial Secretarytreasurer | OfficerTrustee | 1 | $0 |
Avery Dickson Recirdubg Secretart | OfficerTrustee | 1 | $0 |
Phyllis Lott Member | Trustee | 1 | $0 |
Mary Jane Evans Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,829 |
| Investment income | $22,788 |
| 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 | $167,017 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $51,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $317 |
| Payroll taxes | $3,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,167 |
| Advertising and promotion | $0 |
| Office expenses | $4,351 |
| Information technology | $1,337 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,141 |
| All other expenses | $0 |
| Total functional expenses | $130,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,995 |
| 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 | $658 |
| Investments—publicly traded securities | $180,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,681,630 |
| Accounts payable and accrued expenses | $829 |
| 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 | $14,422 |
| Total liabilities | $15,251 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,666,379 |
Endowment Analysis
| Beg. Balance | $180,009 |
| Earnings | $46,335 |
| Ending Balance | $226,344 |
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