Civic Intelligence

MID-Atlantic Christian University Foundation Inc.

990 • Fiscal year 2017 • EIN 56-1467140

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 23, 2017

Organization ProfileWWW.MACUNIVERSITY.EDU
715 North Poindexter StreetElizabeth City, NC 27909

(252) 334-2010

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.00x

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-218%

Higher net margin than 1% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$124,977

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 59.1% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

15th percentile

-7.7%

Faster asset growth than 15% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-49%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$3,123,574

Down $261,877 (-7.7%) from 2016

Net Assets

Down

$3,123,574

Down $261,877 (-7.7%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin1st percentile

Revenue

Down

$211,337

Down $205,411 (-49%) from 2016

Expenses

Up

$672,575

Up $555,800 (+476%) from 2016

Net Income

Down

-$461,238

Down $761,211 (-254%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$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

2017

Assets$3,123,574
Liabilities$0
Net Assets$3,123,574
Open 2017 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$211,337
Expenses$672,575
Net Income-$461,238
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 23, 2017
Return Version
2016v3.0
Gross Receipts
$211,337
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 in Publicly Traded Securities$2,639,677$2,488,981▼ $150,696
Investments Other Securities$460,700$460,700→ $0
Savings and Temporary Cash Investments$285,074$173,893▼ $111,181
Total Assets$3,385,451$3,123,574▼ $261,877
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,818,707$2,958,640▲ $139,933
Unrestricted Net Assets$539,680$91,461▼ $448,219
Temporarily Rstr Net Assets$27,064$73,473▲ $46,409
Total Net Assets Fund Balance$3,385,451$3,123,574▼ $261,877
Total Liabilities and Net Assets / Fund Balance$3,385,451$3,123,574▼ $261,877

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$460,700--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,385,451$139,933▲ $237,611-$3,123,574
2015$3,132,500$351,348▼ $10,998-$3,385,451
2014$3,040,534$131,358▲ $36,679-$3,132,500
2013$2,769,129$134,543▲ $220,183-$3,040,534
2012$2,263,520$445,371▲ $152,520-$2,769,129
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeOtherTotal
D Clay PerkinsMember-$124,977$124,977
Carol M StuartMember-$74,787$74,787
Sandra S PerkinsExecutive DirectorPT$62,194$62,194
John W Maurice JrMember-$20,224$20,224

Board Members and Trustees

NameTitle
K Wayne MorrisChairman
Edwin S GriffinVice Chairman
Cheryl LindsleyMember
Gregory D HandMember
Gregory a SextonMember
J Craig LewisMember
Jennifer GuyerMember
Jerry W NorrisMember
Larry D CooperMember
Mcarthur Britt SrMember
Robert W MouldenMember
Sharon K JonesMember
Timothy a TurnerMember
Donna D FisherSecretary
Gregory V MarplesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$139,933
Program Service Revenue
$0
Investment Income
$71,404
Other Revenue
$0
All Other Contributions
$139,933
Change in Net Assets
$-461,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$211,337
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$199,361
Total Revenue per Audited Statements
$410,698
Total Revenue per Form 990
$211,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$639,422
Other Expenses$33,153
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$639,422--$639,422
Fees for Service Investment Mgmnt Fees-$24,462-$24,462
Fees for Services Accounting-$8,650-$8,650
Office Expenses-$26-$26
Other Expenses$15--$15
Total Functional Expenses$639,437$33,138$0$672,575

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$672,575
Expenses Not Reported on Financial Statements$639,422
Other Expense Adjustments$639,422
Expenses per Audited Statements$33,153
Total Expenses per Audited Statements$33,153
Expenses Not Reported on Form 990$0
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.).$639,422
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
Backup withholding compliance
Yes
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 A, Line 2

“The executive director of the foundation, sandra s. Perkins, is the wife of d. Clay perkins, who is a member of the board of directors of the foundation and who is the president of mid-atlantic christian university.”

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
Carol M Stuart
Title
Vice President for Finance
Phone
2523342010
Signed
2017-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol M Stuart
Formed
1985
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Blackburn Childers & Steagall Plc
Address
801B SUNSET DRIVE, JOHNSON CITY, TN 37604-3033
Preparer
Thomas S Greer
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 14 - 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, 2017 and 2016, 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, 2017 and 2016.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Grant to mid-atlantic christian university 639,422.”

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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/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt0639422
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0639422
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0639422
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0211337
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt071404
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt071404
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0460700
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0460700
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02639677
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02488981
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/NetAssetsOrFundBalancesBOYAmt03385451
IRS990/NetAssetsOrFundBalancesEOYAmt03123574
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0199361
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026
IRS990/OfficeExpensesGrp/TotalAmt026
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CAMPUS EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt015
IRS990/OtherExpensesGrp/TotalAmt015
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02818707
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02958640
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CAROL M STUART
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0351348
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt087399
IRS990/PYInvestmentIncomeAmt065400
IRS990/PYOtherExpensesAmt029376
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0299973
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0116775
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0416748
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-461238
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0285074
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0173893
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/SupportAmt0639422
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MID-ATLANTIC CHRISTIAN UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0639422
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/BoardDesignatedBalanceEOYPct00.02930
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03385451
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0139933
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03123574
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-639421
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0237611
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03132500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0351348
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03385451
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-87399
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-10998
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03040534
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0131358
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03132500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-76071
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036679
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02769129
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0134543
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03040534
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-83321
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0220183
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02263520
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0445371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02769129
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-92282
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0152520
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0639422
IRS990ScheduleD/ExpensesSubtotalAmt033153
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0199361
IRS990ScheduleD/OtherExpensesNotIncludedAmt0639422
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0460700
IRS990ScheduleD/OtherSecuritiesGrp/Desc0REAL ESTATE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.94720
IRS990ScheduleD/RevenueNotReportedAmt0199361
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0211337
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 14 - 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, 2017 AND 2016, 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, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GRANT TO MID-ATLANTIC CHRISTIAN UNIVERSITY 639,422.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.02350
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0460700
IRS990ScheduleD/TotalExpensesPerForm990Amt0672575
IRS990ScheduleD/TotalRevenuePerForm990Amt0211337
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0410698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt033153
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0639422
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,123,574
Liabilities
$0
Net assets
$3,123,574
Revenue
$211,337
Expenses
$672,575
Net income
-$461,238
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