Southwestern Christian College
- Assets
- $4.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 37
- Location
- Terrell, TX
- Founding
- 12/1950
- Data as of
- 06/2022
- EIN
- 75-0891464
Organization Overview
Southwestern Christian College is located in Terrell, TX. The organization was established in 1950. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Southwestern Christian College employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern 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 06/2022, Southwestern Christian College generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ITS PURPOSE IS TO OFFER A HOLISTIC EDUCATIONAL PROGRAM THAT WILL MOTIVATE THE STUDENT TO VALUE AND ACHIEVE ACADEMIC EXCELLENCE WITHIN THE CONTEXT OF COMMITMENT TO MORAL AND SPIRITUAL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUR-YEAR LEVEL II EDUCATIONAL COLLEGE LIMITED TO BACHELORS DEGREE IN BIBLE AND RELIGIOUS EDUCATION, WITH A TWO-YEAR ASSOCIATE PROGRAM IN THE LIBERAL ARTS.
AUXILIARY ENTERPRISES INCLUDE INTERCOLLEGIATE ATHLETICS, RESIDENCE HALLS, FOOD SERVICES, POST OFFICE AND THE COLLEGES BOOKSTORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ervin Seamster President | Officer | 40 | $118,016 |
Mr Kenny Fox Controller | Officer | 40 | $41,500 |
Dr Joyce Cathey Controller | Officer | $34,557 | |
Ms Deborah Hodridge Vice President Of Academic Affairs | Officer | 40 | $34,000 |
Mr Stephen D Smith Chief Financial Officer | Officer | 40 | $12,000 |
Dr Douglas Howie Vice President Of Fiscal Affairs | Officer | $8,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,931,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $834,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,765,428 |
| Total Program Service Revenue | $1,248,279 |
| Investment income | $0 |
| 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 | $4,177,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $271,330 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,123 |
| Compensation of current officers, directors, key employees. | $248,123 |
| 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 | $0 |
| Fees for services: Other | $0 |
| 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 | $295,875 |
| Total functional expenses | $4,150,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,385 |
| Accounts receivable, net | $71,435 |
| 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 | $113,192 |
| Net Land, buildings, and equipment | $3,609,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,158 |
| Total assets | $4,756,000 |
| Accounts payable and accrued expenses | $273,752 |
| Grants payable | $136,229 |
| 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 | $224,946 |
| Unsecured mortgages and notes payable | $10,500 |
| Other liabilities | $0 |
| Total liabilities | $645,427 |
| Net assets without donor restrictions | $3,449,420 |
| Net assets with donor restrictions | $661,153 |
| 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 | $4,756,000 |