New Hope Christian College
- Assets
- $10.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 55
- Location
- Eugene, OR
- Founding
- 07/1947
- Data as of
- 06/2022
- 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 06/2022, New Hope Christian College employed 55 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 06/2022, New Hope Christian College generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 4 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
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'S 2021-2022 YEAR WAS ONE OF RENEWED STUDENT INVOLVEMENT. TO BEGIN WITH, THE COLLEGE STARTED AHEAD OF SCHEDULE BY INVITING MANY OF OUR INCOMING FRESHMEN TO A NEW "JUMP START" PROGRAM WHERE THEY SETTLED IN, HELPED OUT AROUND CAMPUS, AND BUILT RELATIONSHIPS; THEY ALSO EARNED SOME MONEY TOWARDS THEIR FALL TUITION. THERE WERE EIGHT NEW MISSION-FIT STUDENTS WHO BEGAN IN THE SUMMER AND FALL, AND THESE STUDENTS ALSO HELPED WITH THE YEAR'S FIRST BIG EVENT, THE NEW HOPE CLASSIC, WHICH IS THE SCHOOL'S ANNUAL GOLF TOURNAMENT FUNDRAISER THAT RAISED NEARLY $70,000 FOR SCHOLARSHIPS. THIS HAD BEEN PAUSED FOR A COUPLE OF YEARS DUE TO COVID, SO IT WAS GREAT TO ONCE AGAIN SEE THE STUDENTS INTERACTING WITH THE GENEROUS DONORS IN AN INFORMAL SETTING. THE COLLEGE ALSO REDOUBLED ITS EFFORTS IN RECRUITING BY HAVING STUDENTS REPRESENT THE COLLEGE ON A NUMBER OF OUTREACHES TRAVELING AS FAR AS HAWAII. STUDENTS TRAVELED AND PERFORMED TO SHOWCASE WHAT THEY ARE LEARNING. MOREOVER, THE STUDENTS WERE HIGHLY ENGAGED IN PUTTING ON A NUMBER OF LARGE EVENTS SUCH AS AN ISLAND STYLE PERFORMANCE AND NEW HOPE WEST SERVICES THAT DREW IN MORE THAN 1500 PEOPLE AT TIMES. STUDENTS WERE ENGAGED IN THE PLANNING AND PRODUCTION, AND OFTEN WERE PART OF THE PERFORMANCES. WE ENDED THE ACADEMIC YEAR WITH THIRTEEN STUDENTS COMPLETING THEIR BACHELOR'S AND TWO COMPLETING THEIR ASSOCIATE'S DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Cordeiro President | Officer | 40 | $126,000 |
Scott Alldridge Chairman | OfficerTrustee | 4 | $0 |
John Tilton Treasurer & Secretary | OfficerTrustee | 4 | $0 |
Duane Daggett Director | Trustee | 2 | $0 |
Don Jones Thru 122021 Director | Trustee | 2 | $0 |
Erika Funk Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $83,460 |
| Related organizations | $0 |
| Government grants | $238,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,425,256 |
| Noncash contributions included in lines 1a–1f | $135,221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,747,616 |
| Total Program Service Revenue | $1,216,435 |
| Investment income | $12,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,648 |
| Net Income from Fundraising Events | -$10,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,124,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $382,551 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,289 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,262 |
| Payroll taxes | $61,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,852 |
| Fees for services: Other | $135,577 |
| Advertising and promotion | $3,638 |
| Office expenses | $115,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $292,514 |
| Travel | $9,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,190 |
| Insurance | $36,894 |
| All other expenses | $64,375 |
| Total functional expenses | $2,688,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,538 |
| Savings and temporary cash investments | $2,325,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,222 |
| 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 | $18,763 |
| Net Land, buildings, and equipment | $4,742,200 |
| Investments—publicly traded securities | $1,294,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,445,431 |
| Total assets | $10,408,082 |
| Accounts payable and accrued expenses | $110,857 |
| 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 | $1,444,367 |
| Unsecured mortgages and notes payable | $1,513,903 |
| Other liabilities | $0 |
| Total liabilities | $3,069,127 |
| Net assets without donor restrictions | $6,116,816 |
| Net assets with donor restrictions | $1,222,139 |
| 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 | $10,408,082 |