Civic Intelligence

MID-Atlantic Christian University

EIN 56-1467140 • 501(c)3 • Elizabeth City, NC

Profile

The mission of mid-atlantic christian university foundation, inc. Is to support the mission of mid-atlantic christian university by acquiring, managing, and distributing funds to further the university's operations.

715 North Poindexter StreetElizabeth City, NC 27909

www.macuniversity.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$98,858

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 48.3% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

63rd percentile

9.8%

Faster asset growth than 63% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-6.0%

Faster revenue growth than 26% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,560,298

Up $408,348 (+9.8%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$4,560,298

Up $408,348 (+9.8%) from 2023

Revenue

Down

$204,743

Down $13,008 (-6.0%) from 2023

Expenses

Down

$122,334

Down $2,386 (-1.9%) from 2023

Net Income

Down

$82,409

Down $10,622 (-11%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,315,957Liabilities 2010: $12,145Net Assets 2010: $2,303,8122010Assets 2011: $2,574,514Liabilities 2011: $85Net Assets 2011: $2,574,4292011Assets 2012: $2,263,520Liabilities 2012: $0Net Assets 2012: $2,263,5202012Assets 2013: $2,769,128Liabilities 2013: $0Net Assets 2013: $2,769,1282013Assets 2014: $3,040,534Liabilities 2014: $0Net Assets 2014: $3,040,5342014Assets 2015: $3,132,500Liabilities 2015: $0Net Assets 2015: $3,132,5002015Assets 2016: $3,385,451Liabilities 2016: $0Net Assets 2016: $3,385,4512016Assets 2017: $3,123,574Liabilities 2017: $0Net Assets 2017: $3,123,5742017Assets 2018: $3,318,025Liabilities 2018: $0Net Assets 2018: $3,318,0252018Assets 2019: $3,502,542Liabilities 2019: $0Net Assets 2019: $3,502,5422019Assets 2020: $3,449,145Liabilities 2020: $0Net Assets 2020: $3,449,1452020Assets 2021: $4,089,235Liabilities 2021: $0Net Assets 2021: $4,089,2352021Assets 2022: $3,809,159Liabilities 2022: $0Net Assets 2022: $3,809,1592022Assets 2023: $4,151,950Liabilities 2023: $0Net Assets 2023: $4,151,9502023Assets 2024: $4,560,298Liabilities 2024: $0Net Assets 2024: $4,560,2982024

Highlighted filing

2024

Assets$4,560,298
Liabilities$0
Net Assets$4,560,298

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $95,9762010Expenses 2011: $97,3022011Expenses 2012: $112,8102012Expenses 2013: $114,1282013Revenue 2014: $208,459Expenses 2014: $110,217Net Income 2014: $98,2422014Revenue 2015: $206,387Expenses 2015: $106,022Net Income 2015: $100,3652015Revenue 2016: $416,748Expenses 2016: $116,775Net Income 2016: $299,9732016Revenue 2017: $211,337Expenses 2017: $672,575Net Income 2017: -$461,2382017Revenue 2018: $223,399Expenses 2018: $127,085Net Income 2018: $96,3142018Revenue 2019: $160,582Expenses 2019: $129,092Net Income 2019: $31,4902019Revenue 2020: $177,029Expenses 2020: $115,300Net Income 2020: $61,7292020Revenue 2021: $187,982Expenses 2021: $308,162Net Income 2021: -$120,1802021Revenue 2022: $237,635Expenses 2022: $132,522Net Income 2022: $105,1132022Revenue 2023: $217,751Expenses 2023: $124,720Net Income 2023: $93,0312023Revenue 2024: $204,743Expenses 2024: $122,334Net Income 2024: $82,4092024

Highlighted filing

2024

Revenue$204,743
Expenses$122,334
Net Income$82,409

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$0.20$0.12$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.15$0.00$4.15$0.22$0.12$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$0.24$0.13$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$0.19$0.31$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.18$0.12$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.16$0.13$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.32$0.00$3.32$0.22$0.13$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$0.21$0.67$0.46
2016Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$0.42$0.12$0.30
2015Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.21$0.11$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.21$0.11$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.00$2.77$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.00$2.26$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.00$2.57$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.01$2.30$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$204,743
Mission and Program Overview

Mission

The mission of mid-atlantic christian university foundation, inc. Is to support the mission of mid-atlantic christian university by acquiring, managing, and distributing funds to further the university's operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,670,281$4,114,416▲ $444,135
Savings and Temporary Cash Investments$109,892$74,105▼ $35,787
Total Assets$4,151,950$4,560,298▲ $408,348
Other Assets Total$371,777$371,777→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,868,409$4,255,569▲ $387,160
Net Assets Without Donor Restrictions$283,541$304,729▲ $21,188
Total Net Assets Fund Balance$4,151,950$4,560,298▲ $408,348
Total Liabilities and Net Assets / Fund Balance$4,151,950$4,560,298▲ $408,348

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$371,777--
Other Securities$180,999--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$4,151,950$72,987▲ $438,190-$4,560,298
2022$3,809,159$89,886▲ $364,805-$4,151,950
2021$4,089,235$124,342▼ $301,793-$3,809,159
2020$3,449,145$74,645▲ $846,712-$4,089,235
2019$3,502,542$86,626▲ $191,580-$3,687,059
Compensation and Service Providers

Employees

NameTitleOtherTotal
John W Maurice JrPresident$98,858$98,858
Sara ShepherdSecretary$85,688$85,688
Chris BellDirector of Institutional$30,000$30,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$72,987
Program Service Revenue
$0
Investment Income
$131,756
Other Revenue
$0
All Other Contributions
$72,987
Change in Net Assets
$82,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$102,829
Other Expenses$19,505
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$102,829--$102,829
Fees for Service Investment Mgmnt Fees-$13,518-$13,518
Other Expenses-$5,987-$5,987
Total Functional Expenses$102,829$19,505$0$122,334
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mid-atlantic Christian UniversityElizabeth City, NC501(c)(3)Mid-atlantic Christian University Foundation, Inc. Gave Grants to Mid-atlantic Chrisitan University for Student and Faculty Scholarships and Institutional Support (general Fund, Library, Etc.).$102,829
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the foundation's final form 990 (including all required schedules), as ultimately filed with the internal revenue service, was provided to each person who was a voting member of the governing body at the time the form 990 was provided, whether in paper or electronic form, before its filing with the internal revenue service.

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

This is reviewed annually at the meeting of the board of directors.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statments available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mid-atlantic Christian University
EIN
56-1467140
Phone
2523342010
Address
715 NORTH POINDEXTER STREET, ELIZABETH CITY, NC 27909

Signing Officer

Name
Sara Shepherd
Title
Vice President for Finance
Phone
2523342010
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Shepherd
Formed
1985
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Blackburn Childers & Steagall Plc
Address
801B SUNSET DRIVE, JOHNSON CITY, TN 37604-3033
Preparer
Sarah Presnell
Phone
4232824511
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors assumes responsibility for oversight of the audit and selection of an independent accountant, and this process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The permanently restricted net assets ("endowments") are composed of funds restricted for scholarships, faculty scholarships, missions and general use. The endowments represent funds received with donor imposed stipulations that they be maintained in perpetuity.

PART X, LINE 2:

Note 15 - uncertain taxes the university follows fasb asc, which provides guidance on accounting for uncertainty in income taxes recognized in an organization's financial statements. As of june 30, 2024 and 2023, the university had no uncertain tax positions that qualify for either recognition or disclosure in the university's consolidated financial statements. The university's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the consolidated financial statements. No interest or penalties were recorded during the years ended june 30, 2024 and 2023.

Raw XML AppendixShowing 400 of 530 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0131756
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03670281
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04114416
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. IS TO SUPPORT THE MISSION OF MID-ATLANTIC CHRISTIAN UNIVERSITY BY ACQUIRING, MANAGING, AND DISTRIBUTING FUNDS TO FURTHER THE UNIVERSITY'S OPERATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04151950
IRS990/NetAssetsOrFundBalancesEOYAmt04560298
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0325939
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0283541
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0304729
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0371777
IRS990/OtherAssetsTotalGrp/EOYAmt0371777
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SERVICE CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05987
IRS990/OtherExpensesGrp/TotalAmt05987
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SARA SHEPHERD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt089886
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0111900
IRS990/PYInvestmentIncomeAmt0119097
IRS990/PYOtherExpensesAmt012820
IRS990/PYOtherRevenueAmt08768
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt093031
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0124720
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0217751
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt082409
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0109892
IRS990/SavingsAndTempCashInvstGrp/EOYAmt074105
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0561065978
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0102829
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MID-ATLANTIC CHRISTIAN UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0102829
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.06682
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04151950
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt072987
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04560298
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0102829
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0438190
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03809159
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt089886
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04151950
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0111900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0364805
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04089235
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0124342
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03809159
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0102625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-301793
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03449145
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt074645
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04089235
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0281267
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0846712
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03502542
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt086626
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03687059
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt093689
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0191580
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0371777
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM UNIVERSITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0460700
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1163976
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21013583
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3212182
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt42082976
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5180999
IRS990ScheduleD/OtherSecuritiesGrp/Desc0REAL ESTATE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CASH AND CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MUTUAL FUNDS - FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/Desc3MUTUAL FUNDS - EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc4EQUITY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc5ALTERNATIVE ASSETS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.78739
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PERMANENTLY RESTRICTED NET ASSETS ("ENDOWMENTS") ARE COMPOSED OF FUNDS RESTRICTED FOR SCHOLARSHIPS, FACULTY SCHOLARSHIPS, MISSIONS AND GENERAL USE. THE ENDOWMENTS REPRESENT FUNDS RECEIVED WITH DONOR IMPOSED STIPULATIONS THAT THEY BE MAINTAINED IN PERPETUITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NOTE 15 - UNCERTAIN TAXES THE UNIVERSITY FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.14579
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0371777
IRS990ScheduleD/TotalBookValueSecuritiesAmt04114416
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0102829
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. GAVE GRANTS TO MID-ATLANTIC CHRISITAN UNIVERSITY FOR STUDENT AND FACULTY SCHOLARSHIPS AND INSTITUTIONAL SUPPORT (GENERAL FUND, LIBRARY, ETC.).
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MID-ATLANTIC CHRISTIAN UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0561065978
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0715 NORTH POINDEXTER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ELIZABETH CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027909
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH PAID
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION BOARD APPROVES ANNUALLY, THE DISBURSEMENT OF FOUNDATION FUNDS TO THE UNIVERSITY BASED ON THE TOTAL VALUE OF THE ALLOTTED FUNDS. A CHECK IS WRITTEN TO THE UNIVERSITY AND APPLIED TO STUDENTS, FACULTY/STAFF, DEPARTMENTS, AND GENERAL OPERATIONS IN COMPLIANCE WITH THE "AUTHORIZATION FOR NAMED SCHOLARSHIP FUND". ACCOUNTS ARE REVIEWED ANNUALLY BY AN EXTERNAL INDEPENDENT AUDITOR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FOUNDATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS IS REVIEWED ANNUALLY AT THE MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01

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