Liabilities / Assets
38th percentile
Higher debt load relative to assets than 38% of similar nonprofits.
Montreat College
EIN 56-0543261 • 501(c)3 • Montreat, NC
Profile
The mission of montreat college is to be christ-centered, student-focused, service-driven: equipping agents of transformation, renewal, and reconciliation.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.18x
Liabilities / Revenue
30th percentile
Higher debt load relative to revenue than 30% of similar nonprofits.
Net Margin
80th percentile
Higher net margin than 80% of similar nonprofits.
Top Officer Pay
57th percentile
Higher top officer pay than 57% of similar nonprofits.
Top officer pay equals 0.7% of source-year revenue.
Asset Growth
82nd percentile
Faster asset growth than 82% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Up$76,510,444
Up $9,907,279 (+15%) from 2023
Liabilities
Up$14,105,506
Up $2,292,567 (+19%) from 2023
Net Assets
Up$62,404,938
Up $7,614,712 (+14%) from 2023
Revenue
Down$50,474,167
Down $3,532,350 (-6.5%) from 2023
Expenses
Down$40,105,166
Down $1,870,305 (-4.5%) from 2023
Net Income
Down$10,369,001
Down $1,662,045 (-14%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $76,510,444
- Liabilities
- $14,105,506
- Net assets
- $62,404,938
- Revenue
- $50,474,167
- Expenses
- $40,105,166
- Net income
- $10,369,001
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Apr 28, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $51,038,646
Mission and Program Overview
Mission
Montreat college is an independent, christ-centered, liberal arts institution that educates students through intellectual inquiry, spiritual formation, and preparation for calling and career.
Independent, christ-centered, liberal arts institution
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $31,385,407 | $43,385,393 | ▲ $11,999,986 |
| Land, Buildings, and Equipment, Net | $18,632,310 | $19,122,235 | ▲ $489,925 |
| Pledges and Grants Receivable | $5,637,876 | $4,335,468 | ▼ $1,302,408 |
| Investments in Publicly Traded Securities | $2,673,743 | $2,237,946 | ▼ $435,797 |
| Cash and Non-Interest-Bearing Accounts | $2,294,471 | $2,057,758 | ▼ $236,713 |
| Accounts Receivable | $1,985,045 | $1,130,643 | ▼ $854,402 |
| Prepaid Expenses and Deferred Charges | $826,904 | $551,089 | ▼ $275,815 |
| Investments Other Securities | $101,254 | $101,254 | → $0 |
| Inventories for Sale or Use | $130,336 | $80,463 | ▼ $49,873 |
| Other Notes and Loans Receivable, Net | $12,230 | $920 | ▼ $11,310 |
| Total Assets | $66,603,165 | $76,510,444 | ▲ $9,907,279 |
| Other Assets Total | $2,923,589 | $3,507,275 | ▲ $583,686 |
| Liabilities | |||
| Other Liabilities | $2,350,109 | $6,033,025 | ▲ $3,682,916 |
| Mortgage Notes Payable Secured by Investment Property | $4,237,115 | $3,761,169 | ▼ $475,946 |
| Deferred Revenue | $2,718,571 | $2,698,556 | ▼ $20,015 |
| Accounts Payable and Accrued Expenses | $2,507,144 | $1,612,756 | ▼ $894,388 |
| Total Liabilities | $11,812,939 | $14,105,506 | ▲ $2,292,567 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $42,419,908 | $49,410,081 | ▲ $6,990,173 |
| Net Assets Without Donor Restrictions | $12,370,318 | $12,994,857 | ▲ $624,539 |
| Total Net Assets Fund Balance | $54,790,226 | $62,404,938 | ▲ $7,614,712 |
| Total Liabilities and Net Assets / Fund Balance | $66,603,165 | $76,510,444 | ▲ $9,907,279 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $11,732,507 | $14,081,948 | $25,814,455 |
| Equipment | $2,619,216 | $4,142,744 | $6,761,960 |
| Buildings | $1,160,194 | $5,141,216 | $6,301,410 |
| Land | $3,410,656 | - | $3,410,656 |
| Other Land Buildings | $199,662 | $133,041 | $332,703 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $9,776,730 | $346,448 | ▲ $462,859 | $324,686 | $10,261,351 |
| 2022 | $9,352,858 | $306,179 | ▲ $445,970 | $328,277 | $9,776,730 |
| 2021 | $10,155,305 | $144,146 | ▼ $691,867 | $254,726 | $9,352,858 |
| 2020 | $9,220,997 | $131,321 | ▲ $1,002,328 | $199,341 | $10,155,305 |
| 2019 | $9,001,056 | $54,532 | ▲ $330,456 | $165,047 | $9,220,997 |
Compensation and Service Providers