St Marys Sewanee A Center For Spiritual Development
- Assets
- $5.6m
- Revenue
- $646.7k
- Investments
- $1.4m
- Employees
- 13
- Location
- Sewanee, TN
- Founding
- 07/1989
- Data as of
- 06/2021
- EIN
- 62-1359755
Organization Overview
St Marys Sewanee A Center For Spiritual Development is located in Sewanee, TN. The organization was established in 1989. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2021, St Marys Sewanee A Center For Spiritual Development employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marys Sewanee A Center For Spiritual Development 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 06/2021, St Marys Sewanee A Center For Spiritual Development generated $646.7k 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 (3.5%) each year. All expenses for the organization totaled $436.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPIRITUAL HOSPITALITY TO PERSONS OF DIVERSE RELIGIOUS & SPIRITUAL BACKGROUNDS, IN A PLACE OF NATURAL BEAUTY, SIMPLICITY, SILENCE & TRANQUILITY THROUGH RETREATS, RENEWAL & LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONFERENCES AND RETREATS FOR GROUP AND INDIVIDUAL SPIRITUAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hill President | OfficerTrustee | 4 | $0 |
Knowles Harper Secretary | OfficerTrustee | 2 | $0 |
Jan Pate Treasurer | OfficerTrustee | 4 | $0 |
William T Ratliff III Trustee | Trustee | 1 | $0 |
Rev Henry Parsley Trustee | Trustee | 1 | $0 |
Kathy Tompkins Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,030 |
| Total Program Service Revenue | $35,092 |
| Investment income | $1,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $310,588 |
| 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 | $646,674 |
| 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 | $147,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,571 |
| Payroll taxes | $10,561 |
| Fees for services: Management | $2,190 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,753 |
| Advertising and promotion | $10,883 |
| Office expenses | $23,702 |
| Information technology | $10,666 |
| Royalties | $0 |
| Occupancy | $51,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $565 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,568 |
| Insurance | $0 |
| All other expenses | $3,832 |
| Total functional expenses | $436,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,970 |
| Savings and temporary cash investments | $863,376 |
| Pledges and grants receivable | $122,402 |
| Accounts receivable, net | $810 |
| 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 | $2,826,585 |
| Investments—publicly traded securities | $44,630 |
| Investments—other securities | $1,406,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,275 |
| Total assets | $5,601,565 |
| Accounts payable and accrued expenses | $22,370 |
| 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 | $70,063 |
| Other liabilities | $60,242 |
| Total liabilities | $152,675 |
| Net assets without donor restrictions | $2,967,633 |
| Net assets with donor restrictions | $2,481,257 |
| 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 | $5,601,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Marys Sewanee A Center For Spiritual Development has recieved totaling $53,500.
| Awarding Organization | Amount |
|---|---|
East Tennessee Foundation Knoxville, TN PURPOSE: CAPITAL CAMPAIGN | $53,500 |
Endowment Analysis
| Beg. Balance | $17,417 |
| Earnings | $27,454 |
| Ending Balance | $44,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
The Rethink Group Inc Cumming, GA | $5,968,451 | $26,130,363 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |