Clearwater Christian College
- Assets
- $1.1m
- Revenue
- $657.0
- Investments
- $1.1m
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 04/1966
- Data as of
- 06/2020
- EIN
- 59-1113963
Organization Overview
Clearwater Christian College is located in Clearwater, FL. The organization was established in 1966. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearwater Christian College 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 06/2020, Clearwater Christian College generated $657.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (63.1%) each year. All expenses for the organization totaled $662.0 during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (74.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLEGE STUDENTS WITH AN EXCELLENT LIBERAL ARTS EDUCATION CENTERED ON GOD'S WORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON FRIDAY, JUNE 5, 2015, THE BOARD OF DIRECTORS OF THE COLLEGE ANNOUNCED THE CLOSURE OF CLEARWATER CHRISTIAN COLLEGE. THERE WAS NO SIGNIFICANT ACTIVITY DURING THE FISCAL YEAR.
ON FRIDAY, JUNE 5, 2015, THE BOARD OF DIRECTORS OF THE COLLEGE ANNOUNCED THE CLOSURE OF CLEARWATER CHRISTIAN COLLEGE. THERE WAS NO SIGNIFICANT ACTIVITY DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Leatherwood Vice Chairman/treasurer | OfficerTrustee | 0 | $0 |
Clayton M Custer Chairman/ceo | OfficerTrustee | 0 | $0 |
Kathy Hildebrand Director/secretary | OfficerTrustee | 0 | $0 |
Thomas Bates Director | Trustee | 0 | $0 |
Nathan Buchanan Director | Trustee | 0 | $0 |
Charles Bonadies Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $38 |
| 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 | $657 |
| 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 | $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 | $272 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $390 |
| 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 | $662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,859 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,085,691 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,550 |
| 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 |
| Total liabilities and net assets/fund balances | $1,088,550 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clearwater Christian College has recieved totaling $24,700.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EDUCATION | $16,000 |
Community Foundation Of Tampa Bay Inc Tampa, FL PURPOSE: SUPPORT OF MISSION | $8,700 |
Endowment Analysis
| Beg. Balance | $754,318 |
| Ending Balance | $754,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Judson College Marion, AL | $32,056,907 | $7,964,098 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
Beacon College Prep Inc Miami Beach, FL | $12,193,654 | $7,064,402 |
Columbus State University Foundation Inc Columbus, GA | $135,224,676 | $13,332,092 |
Beulah Heights University Incorporated Atlanta, GA | $4,161,246 | $5,943,784 |
Trinity Baptist College Inc Jacksonville, FL | $5,914,486 | $5,839,397 |
Valdosta State University Foundation Inc Valdosta, GA | $81,061,715 | $11,895,592 |
Trinity College Of Florida Inc Trinity, FL | $8,799,813 | $3,601,183 |
Middle Georgia State University Foundation Inc Macon, GA | $19,210,932 | $2,564,989 |
Hobe Sound Bible College Inc Hobe Sound, FL | $4,606,553 | $4,545,960 |
Heritage Christian University Florence, AL | $22,145,998 | $3,740,452 |
Imperial College Foundation Inc Atlanta, GA | $105,086 | $1,182,645 |