The Released Time Center For Christian Education Inc
- Assets
- $143.0k
- Revenue
- $174.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Lilburn, GA
- Founding
- 10/2002
- Data as of
- 12/2019
- EIN
- 58-2642985
Organization Overview
The Released Time Center For Christian Education Inc is located in Lilburn, GA. The organization was established in 2002. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 12/2019, Released Time Center For Christian Education Inc employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Released Time Center For Christian Education 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 12/2019, Released Time Center For Christian Education Inc generated $174.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $190.1k during the year ending 12/2019. While expenses have increased by 5.1% per year over the past 5 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.
Since 2015, Released Time Center For Christian Education Inc has awarded 13 individual grants totaling $184,101. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTIVE EDUCATION PROGRAMS AND CLASSES FOR RELIGIOUS STUDY AND ANALYSIS IN PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERED RELEASED TIME CORE PROGRAMS AT SEVERAL DIFFERENT SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Everett Bracken Exe Director | OfficerTrustee | 20 | $20,500 |
Emmitt Cornelius Jr Director | Trustee | 1 | $0 |
Jerry Chapman Director | Trustee | 1 | $0 |
Michael Danishek Director | Trustee | 1 | $0 |
Merrilee Brock Director | Trustee | 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 | $171,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,996 |
| Total Program Service Revenue | $0 |
| Investment income | $2,226 |
| 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 | $174,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,376 |
| 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. | $20,500 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $447 |
| 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 | $4,780 |
| 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 | $190,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,994 |
| Savings and temporary cash investments | $138,996 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,990 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $142,990 |
| Total liabilities and net assets/fund balances | $142,990 |
Grants Awarded
Over the last fiscal year, The Released Time Center For Christian Education Inc has awarded $163,376 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN ACTIVITIES INC | | | $60,000 |
CORNERSTONE BIBLE CHURCH | | | $36,576 |
WELLSPRING PURPOSE: CHRISTIAN EDUCATION | $30,000 |
Loganville, GA | | $20,000 |
WYCLIFFE | | | $16,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Released Time Center For Christian Education Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upward Unlimited Spartanburg, SC | $35,641,784 | $21,946,822 |
Memphis Leadership Foundation Inc Memphis, TN | $2,752,638 | $7,362,693 |
Teen Missions International Inc Merritt Island, FL | $6,439,891 | $4,720,364 |
Snowbird Outfitters Inc Andrews, NC | $8,374,125 | $4,995,769 |
Shepherds Hill Academy Inc Martin, GA | $1,457,455 | $2,744,719 |
Trail Life Usa Inc Belton, SC | $3,526,891 | $2,835,024 |
Reformed Youth Movement Inc Vestavia Hills, AL | $383,733 | $2,353,937 |
Growing Leaders Peachtree Corners, GA | $1,677,783 | $2,391,080 |
Rocketown Of Middle Tennessee Nashville, TN | $14,416,102 | $2,100,744 |
Passport Inc Birmingham, AL | $1,420,477 | $2,225,291 |
Youth For Christ Usa Inc Miami, FL | $2,327,738 | $1,912,996 |
For The Kingdom Inc Memphis, TN | $3,127,241 | $2,655,731 |