New Hope Christian College
- Assets
- $9.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 57
- Location
- Eugene, OR
- Founding
- 07/1947
- Data as of
- 06/2021
- EIN
- 93-6002614
Organization Overview
New Hope Christian College is located in Eugene, OR. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, New Hope Christian College employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope 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 06/2021, New Hope Christian College generated $3.3m 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 (8.9%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) 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
NEW HOPE CHRISTIAN COLLEGE IS AN ACCREDITED CHURCH RELATED FOUR YEAR AND GRADUATE DEGREE GRANTING INSTITUTION WHOSE PRIMARY MISSION IS TRAINING LEADERS FOR MINISTRY AND MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HOPE CHRISTIAN COLLEGE STARTED THE YEAR WITH A MODEST THIRTEEN INCOMING STUDENTS, BUT THEY JOINED THE REST OF THE STUDENT BODY FOR A YEAR FULL OF OPPORTUNITY AND EXCITEMENT.THERE WERE MANY PRACTICAL OPPORTUNITIES TO SERVE AS A RESULT OF LOCAL FIRES. STUDENTS HELPED DISPERSE RELIEF TO DISPLACED FAMILIES AND LITERALLY SIFTED THROUGH THE ASHES OF BURNED HOMES TO HELP FAMILIES FIND PERSONAL ITEMS. COMMUNITY OUTREACH EVENTS ALSO PROVIDED OPPORTUNITIES TO SERVE. STUDENTS WORKED WITH THE MUSICIAN THUNDERSTORM TO PRODUCE A MUSIC VIDEO AS WELL AS AN ON-CAMPUS CONCERT. THEY ALSO WORKED WITH ANOTHER BAND, CHRISTAFARAI, TO PUT ON A SUBSEQUENT CONCERT LATER IN THE YEAR. MOST SIGNIFICANTLY, HOWEVER, PRESIDENT WAYNE CORDEIRO LAUNCHED A LAB CHURCH ON CAMPUS, WHICH HAD ITS OFFICIAL INAUGURAL SERVICE APRIL 4, 2021. MANY STUDENTS PARTICIPATED IN A RESIDENCY INTERNSHIP OVER THE SUMMER AND LED THE CHURCH'S FIRST YOUTH SUMMER CAMP. NEW HOPE STUDENTS WERE RELEASED INTO ESSENTIAL AND LEADERSHIP ROLES AT THE CHURCH IN THE AREAS OF YOUTH AND YOUNG ADULT MINISTRY, WORSHIP, TECHNOLOGY, FACILITIES, USHERS, GREETERS, PARKING, AND MORE. ACADEMICALLY, IN CONCERT WITH THE SERVING OPPORTUNITIES, THE CURRICULUM WENT THROUGH A MAJOR OVERHAUL TO INCORPORATE CREDIT FOR PRACTICAL LEARNING; STUDENTS CAN NOW RECEIVE CREDIT FOR UP TO ONE THOUSAND HOURS OF PRACTICUM EXPERIENCE. WE ENDED THE ACADEMIC YEAR WITH EIGHT STUDENTS COMPLETING EITHER A BACHELOR'S OR ASSOCIATE'S DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Cordeiro President | Officer | 40 | $126,000 |
Aaron Cordeiro Dean Of Students | Officer | 40 | $13,328 |
Scott Alldridge Chairman | OfficerTrustee | 4 | $0 |
John Tilton Treasurer | OfficerTrustee | 4 | $0 |
Don Causey Director | Trustee | 2 | $0 |
Duane Daggett Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,525 |
| Related organizations | $0 |
| Government grants | $238,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,037,673 |
| Noncash contributions included in lines 1a–1f | $8,438 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,283,098 |
| Total Program Service Revenue | $1,252,103 |
| Investment income | $24,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $172,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,256,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $294,970 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,104 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $744,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,707 |
| Payroll taxes | $63,498 |
| Fees for services: Management | $121,706 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,881 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,920 |
| Office expenses | $94,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,174 |
| Travel | $2,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,421 |
| Insurance | $34,017 |
| All other expenses | $151,791 |
| Total functional expenses | $2,668,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,594 |
| Savings and temporary cash investments | $1,830,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218,483 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $4,992,290 |
| Investments—publicly traded securities | $1,475,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,622 |
| Total assets | $9,032,074 |
| Accounts payable and accrued expenses | $135,096 |
| Grants payable | $0 |
| Deferred revenue | $79,425 |
| 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 | $1,488,921 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $238,900 |
| Total liabilities | $1,942,342 |
| Net assets without donor restrictions | $5,974,415 |
| Net assets with donor restrictions | $1,115,317 |
| 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 | $9,032,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hope Christian College has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Endowment Analysis
| Beg. Balance | $764,138 |
| Earnings | $132,990 |
| Grants | $2,000 |
| Ending Balance | $895,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Boise Bible College Inc Boise, ID | $6,828,761 | $2,750,505 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |