Civic Intelligence

Crown College

990 • Fiscal year 2022 • EIN 41-0693968

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 28, 2023

8700 College View DriveSt Bonifacius, MN 55375-9001

(952) 446-4100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.31x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.40x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

37th percentile

2.0%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

45th percentile

$233,461

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

40th percentile

-2.8%

Faster asset growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

0.7%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$37,245,968

Down $1,064,684 (-2.8%) from 2021

Net Assets

Down

$25,871,351

Down $1,061,863 (-3.9%) from 2021

Liabilities

Down

$11,374,617

Down $2,821 (-0.0%) from 2021

Revenue

Up

$28,090,342

Up $204,576 (+0.7%) from 2021

Expenses

Up

$27,541,226

Up $3,004,287 (+12%) from 2021

Net Income

Down

$549,116

Down $2,799,711 (-84%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $27,917,029Liabilities 2010: $12,558,886Net Assets 2010: $15,358,1432010Assets 2011: $27,730,635Liabilities 2011: $11,902,724Net Assets 2011: $15,827,9112011Assets 2012: $29,349,899Liabilities 2012: $13,381,032Net Assets 2012: $15,968,8672012Assets 2013: $31,202,337Liabilities 2013: $14,431,180Net Assets 2013: $16,771,1572013Assets 2014: $32,480,115Liabilities 2014: $15,412,734Net Assets 2014: $17,067,3812014Assets 2015: $32,537,596Liabilities 2015: $14,876,980Net Assets 2015: $17,660,6162015Assets 2016: $34,039,477Liabilities 2016: $16,580,861Net Assets 2016: $17,458,6162016Assets 2017: $31,811,981Liabilities 2017: $13,037,811Net Assets 2017: $18,774,1702017Assets 2018: $32,342,432Liabilities 2018: $12,635,929Net Assets 2018: $19,706,5032018Assets 2019: $32,882,263Liabilities 2019: $12,185,156Net Assets 2019: $20,697,1072019Assets 2020: $35,449,181Liabilities 2020: $13,312,700Net Assets 2020: $22,136,4812020Assets 2021: $38,310,652Liabilities 2021: $11,377,438Net Assets 2021: $26,933,2142021Assets 2022: $37,245,968Liabilities 2022: $11,374,617Net Assets 2022: $25,871,3512022Assets 2023: $48,487,590Liabilities 2023: $19,606,010Net Assets 2023: $28,881,5802023Assets 2024: $49,733,662Liabilities 2024: $19,533,797Net Assets 2024: $30,199,8652024

Highlighted filing

2022

Assets$37,245,968
Liabilities$11,374,617
Net Assets$25,871,351

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $21,728,7922010Revenue 2011: $22,135,480Expenses 2011: $22,263,313Net Income 2011: -$127,8332011Expenses 2012: $22,663,9782012Expenses 2013: $23,801,4322013Revenue 2014: $25,049,506Expenses 2014: $25,072,491Net Income 2014: -$22,9852014Revenue 2015: $25,367,790Expenses 2015: $24,353,594Net Income 2015: $1,014,1962015Revenue 2016: $23,786,678Expenses 2016: $23,769,295Net Income 2016: $17,3832016Revenue 2017: $24,388,130Expenses 2017: $23,648,794Net Income 2017: $739,3362017Revenue 2018: $24,753,139Expenses 2018: $23,699,721Net Income 2018: $1,053,4182018Revenue 2019: $25,665,311Expenses 2019: $24,727,789Net Income 2019: $937,5222019Revenue 2020: $25,391,578Expenses 2020: $23,857,077Net Income 2020: $1,534,5012020Revenue 2021: $27,885,766Expenses 2021: $24,536,939Net Income 2021: $3,348,8272021Revenue 2022: $28,090,342Expenses 2022: $27,541,226Net Income 2022: $549,1162022Revenue 2023: $32,080,494Expenses 2023: $29,785,653Net Income 2023: $2,294,8412023Revenue 2024: $33,366,236Expenses 2024: $32,578,016Net Income 2024: $788,2202024

Highlighted filing

2022

Revenue$28,090,342
Expenses$27,541,226
Net Income$549,116
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 28, 2023
Return Version
2021v4.2
Gross Receipts
$38,185,335
Mission and Program Overview

Mission

The mission of crown college is to provide a biblically based education for christian leadership in the christian and missionary alliance, the church-at-large, and the world.

To provide a christian-based education without regard to race, gender, age, handicap or ethnicity

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,906,840$17,153,052▲ $2,246,212
Investments in Publicly Traded Securities$9,840,762$8,137,430▼ $1,703,332
Savings and Temporary Cash Investments$9,979,785$7,398,895▼ $2,580,890
Investments Other Securities$866,129$1,194,936▲ $328,807
Investments Program Related$889,177$941,676▲ $52,499
Cash and Non-Interest-Bearing Accounts$46,141$688,046▲ $641,905
Prepaid Expenses and Deferred Charges$355,473$659,791▲ $304,318
Accounts Receivable$232,809$134,964▼ $97,845
Pledges and Grants Receivable$94,787$0▼ $94,787
Inventories for Sale or Use$21,254$17,860▼ $3,394
Total Assets$38,310,652$37,245,968▼ $1,064,684
Other Assets Total$1,077,495$919,318▼ $158,177
Liabilities
Tax Exempt Bond Liabilities$7,855,955$7,369,631▼ $486,324
Other Liabilities$2,172,941$1,919,631▼ $253,310
Accounts Payable and Accrued Expenses$622,294$1,355,455▲ $733,161
Deferred Revenue$703,878$707,419▲ $3,541
Escrow Account Liability$22,370$22,481▲ $111
Total Liabilities$11,377,438$11,374,617▼ $2,821
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,268,741$15,828,062▲ $559,321
Net Assets With Donor Restrictions$11,664,473$10,043,289▼ $1,621,184
Total Net Assets Fund Balance$26,933,214$25,871,351▼ $1,061,863
Total Liabilities and Net Assets / Fund Balance$38,310,652$37,245,968▼ $1,064,684

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,559,993$19,717,750$31,277,743
Equipment$2,438,626$8,321,977$10,760,603
Other Land Buildings$3,009,104-$3,009,104
Land$145,329-$145,329

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$11,207,288$205,535▼ $1,295,825-$9,836,677
2020$9,364,229$76,167▲ $2,021,968-$11,207,288
2019$9,095,388$197,687▲ $260,977-$9,364,229
2018$8,794,857$68,748▲ $366,083-$9,095,388
2017$8,268,794$129,577▲ $471,386-$8,794,857
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott H MoatsVP of Academic AffairsFT$205,188$28,273$233,461
Mike PriceChief Operating OfficerFT$114,986$30,394$145,380
David WigginsPresident (thru 6/30/21)FT$81,774$55,420$137,194
Andrew DentonPresident (as of 7/1/21)FT$70,143$62,458$132,601
Paul FlagstadSr Director of ItFT$101,577$23,201$124,778

Board Members and Trustees

NameTitle
Gordon PaisleyChair
Art HillTrustee
Bob SolfeltTrustee
Cathy SigmundTrustee
Dale TealTrustee
Dan CutlerTrustee
Dan ScarrowTrustee
Eric TompkinsTrustee
Gary FriesonTrustee
Greg KummerTrustee
Hector BelenTrustee
Ian VickersTrustee
Jim NashTrustee
Kimberly ThomasTrustee
May VangTrustee
Pat CostelloTrustee
Verna PriceTrustee
Wang LeeTrustee
Zach SchmittTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo INC & AffiliatesFood Service9801 WASHINGTON BLVD, Gaithersburg, MD 20878$1,059,320
Aramark Facilities ServicesFacilities Services2400 MARKET STREET, Philadelphia, PA 19103$903,918
Southwest Paving EncPaving700 RAILROAD ST W, Norwood Young America, MN 55368$304,950
Hoffman Weber Construction INCConstruction2155 OLD HWY 8 NW, New Brighton, MN 55112$274,052
Vos Construction INCConstruction19063 371ST AVE, Green Isle, MN 55338$180,065
Revenue and Support

Revenue Composition

Contributions and Grants
$3,799,369
Program Service Revenue
$23,945,751
Investment Income
$345,222
Other Revenue
$0
All Other Contributions
$1,230,374
Change in Net Assets
$549,116

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$20,600Fair Market Value (FMV)
Total Noncash Contributions1$20,600-

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,986,693
Revenue Not Reported on Financial Statements
$8,103,649
Revenue Not Reported on Form 990
$-1,610,979
Other Revenue Adjustments
$8,011,648
Total Revenue per Audited Statements
$18,375,714
Total Revenue per Form 990
$28,090,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,849,308
Other Expenses$9,680,270
Grants and Similar Amounts Paid$8,011,648
Total Fundraising Expense$299,391
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$8,011,648--$8,011,648
Other Salaries and Wages$6,424,313$969,817$159,765$7,553,895
Depreciation Depletion$1,841,358$107,169-$1,948,527
Other Employee Benefits$907,176$125,921$22,729$1,055,826
Fees for Services Management$917,310--$917,310
Occupancy$881,550$13,013-$894,563
Fees for Services Other$353,276$428,733$6,684$788,693
All Other Expenses$347,290$307,249$2,478$657,017
Payroll Taxes$460,784$84,039$11,237$556,060
Office Expenses$338,704$150,478$15,783$504,965
Travel$434,827$33,807$7,612$476,246
Information Technology$40,888$435,207-$476,095
Current Officers, Directors, Trustees, and Key Employees$158,066$252,282$28,031$438,379
Advertising$371,962$22,619$37,084$431,665
Pension Plan Contributions$211,379$28,459$5,310$245,148
Insurance-$193,007-$193,007
Fees for Services Accounting-$136,065-$136,065
Other Expenses$105,066$15,056$2,017$122,139
Fees for Service Investment Mgmnt Fees-$92,001-$92,001
Fees for Services Legal-$42,916-$42,916
Conferences and Meetings$14,705$10,428-$25,133
Total Functional Expenses$23,739,171$3,502,664$299,391$27,541,226

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,541,226
Expenses per Audited Statements$19,437,577
Total Expenses per Audited Statements$19,437,577
Expenses Not Reported on Financial Statements$8,103,649
Other Expense Adjustments$8,011,648
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligation$1,211,450
Student Aid - Government Portion$612,335
Deposits$95,846

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Mayer Minnesota2022-06-10$8,000,000Construction of facilities
BCity of St Bonifacious Minnesota2022-06-10$7,483,642REFINANCING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,000,000--$160,000
B$7,483,642---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee of the board shall consist of the president of the college (non-voting member), the three (3) officers of the board and the chairs of the standing committees. The executive committee shall function within the framework of policies established by the board and report to it all action taken.

Form 990, Part VI, Section A, Line 7A

The northwestern, midwest, rocky mountain, southwestern, mid-america, western great lakes, and the hmong and spanish central intercultural districts of the christian and missionary alliance will elect or appoint one trustee each.

Form 990, Part VI, Section A, Line 7B

The following actions must be approved by the board of directors of the christian and missionary alliance: 1. Appointment of the president of the college. 2. Addition, amendment or repeal of the articles of incorporation or bylaws of the college.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by an independent accounting firm. A tax return draft was provided to the organization's management team for a detail review. After all changes were made and questions answered, a final copy of the form 990 was then provided to all board members prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members, officers and management employees complete a conflict of interest disclosure form annually. If a potential conflict arises: 1. The proposed transaction is reported to the chair of the board or president and approved in advance by the board. 2. The board record must demonstrate that the transaction is truly in the best interest of the college, as provided by a competitive bid or comparative evaluation, and that it does not violate state law. 3. The conflicted individual is excused during the process of board deliberation and voting, other than to present factual information or to answer questions. 4. In certain cases, another board member may be assigned to act on behalf of the college in dealing with the transaction to assure that normal corporate controls and accountability are maintained.

Form 990, Part VI, Section B, Line 15

The board of trustees determines the compensation of the president in relation to peer institution averages. This process last included review and approval by independent persons, comparability data and contemporaneous substantiation in spring of 2022 for the president, a. Denton. The president sets the compensation of other officers and key employees in relation to peer institution averages. This process was last undertaken in november 2021.

Form 990, Part VI, Section C, Line 19

The college's financial statements are available upon request. The college does not make its governing documents nor its conflict of interest policy available to the public.

Filing and Contact Details

Filer

Filer Name
Crown College
EIN
41-0693968
Phone
9524464100
Address
8700 COLLEGE VIEW DRIVE, ST BONIFACIUS, MN 55375-9001

Signing Officer

Name
Mike Price
Title
Chief Operating Officer
Phone
9524464100
Signed
2023-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Andrew Denton
Formed
1916
Legal Domicile
Mn
Voting Board Members
19
Independent Board Members
19
Employees
588
Volunteers
19

Preparer

Firm
Cliftonlarsonallen Llp
Address
8390 EAST CRESCENT PARKWAY SUITE, 300, GREENWOOD VILLAGE, CO 80111
Preparer
Sarah Hintz
Phone
3037795710
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process for oversight and selection of an independent accountant has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The college holds benevolence funds for the benefit of students. It also holds excess funds associated with hosting a conference that rotates among participating colleges. The excess funds are passed along to be used by the next college to host the conference.

PART V, LINE 4:

The college's endowments consist of approximately 135 individual funds established for three primary purposes: scholarship funds, loans to students, and funding academic support.

PART X, LINE 2:

The internal revenue service has determined that the college is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. It is also exempt from state income tax. However, any unrelated business income may be subject to taxation. The college has adopted the accounting standard relating to accounting for uncertainty in income taxes. This standard clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The implementation of this standard had no impact on the college's financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarship and grant expenses 8,011,648.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship and grant expenses 8,011,648.

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IRS990/Desc0OUR CLASSES WILL EQUIP YOU WITH PROFESSIONAL SKILLS WHILE INTEGRATING THOSE TOOLS WITH YOUR LIFE'S PURPOSE. AS YOU LEARN WHAT ROLES YOU HAVE BEEN CREATED FOR, WE'LL HELP YOU SEE HOW THAT FITS INTO A CAREER. TO PREPARE YOU ACADEMICALLY FOR LIFE'S CALLING, CROWN COLLEGE OFFERS OVER 35 UNDERGRADUATE DEGREE PROGRAMS AS WELL AS OPPORTUNITIES TO STUDY ABROAD AND TO BE PART OF A GREAT HONORS PROGRAM. CROWN HAD OVER 650 STUDENTS ENROLLED IN THE UNDERGRADUATE STUDIES PROGRAM AND GRADUATED OVER 100 STUDENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VP OF ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT (THRU 6/30/21)
IRS990/Form990PartVIISectionAGrp/TitleTxt3SR DIRECTOR OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT (AS OF 7/1/21)
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
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IRS990/MissionDesc0THE MISSION OF CROWN COLLEGE IS TO PROVIDE A BIBLICALLY BASED EDUCATION FOR CHRISTIAN LEADERSHIP IN THE CHRISTIAN AND MISSIONARY ALLIANCE, THE CHURCH-AT-LARGE, AND THE WORLD.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.7$19.5$30.2$33.4$32.6$0.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.5$19.6$28.9$32.1$29.8$2.29
2022Detailed filing. Detailed filing data is available for this year.$37.2$11.4$25.9$28.1$27.5$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.3$11.4$26.9$27.9$24.5$3.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$13.3$22.1$25.4$23.9$1.53
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.9$12.2$20.7$25.7$24.7$0.94
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.3$12.6$19.7$24.8$23.7$1.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.8$13.0$18.8$24.4$23.6$0.74
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.0$16.6$17.5$23.8$23.8$0.02
2015Detailed filing. Detailed filing data is available for this year.$32.5$14.9$17.7$25.4$24.4$1.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$15.4$17.1$25.0$25.1$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.2$14.4$16.8$23.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$13.4$16.0$22.7
2011Summary only. Only limited summary data is available for this year.$27.7$11.9$15.8$22.1$22.3$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$12.6$15.4$21.7
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $25M-$50M nonprofits