Civic Intelligence

Welch College

990 • Fiscal year 2019 • EIN 62-0481463

Jun 01, 2018 to May 31, 2019 • Filed on Dec 18, 2019

Organization ProfileWELCH.EDU

View Organization Page

PO Box 479 1045 Bison TrailGallatin, TN 37066

(615) 675-5255

Siviq Scores

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

Liabilities / Assets

67th percentile

0.45x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

1.74x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

34th percentile

-0.0%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

11th percentile

$91,828

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

21st percentile

-2.3%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-4.4%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$39,628,221

Down $931,974 (-2.3%) from 2018

Net Assets

Down

$21,968,640

Down $141,627 (-0.6%) from 2018

Liabilities

Down

$17,659,581

Down $790,347 (-4.3%) from 2018

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin34th percentile

Revenue

Down

$10,121,935

Down $464,239 (-4.4%) from 2018

Expenses

Up

$10,125,199

Up $795,278 (+8.5%) from 2018

Net Income

Down

-$3,264

Down $1,259,517 (-100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$60M$40M$20M$0Assets 2010: $12,934,731Liabilities 2010: $5,432,104Net Assets 2010: $7,502,6272010Assets 2011: $13,222,063Liabilities 2011: $6,054,992Net Assets 2011: $7,167,0712011Assets 2012: $13,829,336Liabilities 2012: $6,705,533Net Assets 2012: $7,123,8032012Assets 2013: $12,755,966Liabilities 2013: $5,638,160Net Assets 2013: $7,117,8062013Assets 2014: $12,789,946Liabilities 2014: $5,669,711Net Assets 2014: $7,120,2352014Assets 2015: $13,336,219Liabilities 2015: $5,952,486Net Assets 2015: $7,383,7332015Assets 2016: $23,052,886Liabilities 2016: $2,727,825Net Assets 2016: $20,325,0612016Assets 2017: $35,747,178Liabilities 2017: $14,982,553Net Assets 2017: $20,764,6252017Assets 2018: $40,560,195Liabilities 2018: $18,449,928Net Assets 2018: $22,110,2672018Assets 2019: $39,628,221Liabilities 2019: $17,659,581Net Assets 2019: $21,968,6402019Assets 2020: $39,743,438Liabilities 2020: $18,423,213Net Assets 2020: $21,320,2252020Assets 2021: $40,121,490Liabilities 2021: $17,549,119Net Assets 2021: $22,572,3712021Assets 2022: $41,634,056Liabilities 2022: $17,709,914Net Assets 2022: $23,924,1422022Assets 2023: $39,288,183Liabilities 2023: $18,211,454Net Assets 2023: $21,076,7292023Assets 2024: $40,318,191Liabilities 2024: $18,525,742Net Assets 2024: $21,792,4492024

Highlighted filing

2019

Assets$39,628,221
Liabilities$17,659,581
Net Assets$21,968,640
Open 2019 Filing

Operations Trend

Revenue Growth26th percentile

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

$20M$10M$0-$10MExpenses 2010: $5,890,9262010Expenses 2011: $5,831,1802011Expenses 2012: $6,188,3372012Revenue 2013: $6,677,333Expenses 2013: $5,916,718Net Income 2013: $760,6152013Revenue 2014: $6,435,205Expenses 2014: $6,579,626Net Income 2014: -$144,4212014Revenue 2015: $6,957,149Expenses 2015: $6,698,694Net Income 2015: $258,4552015Revenue 2016: $19,442,138Expenses 2016: $7,050,263Net Income 2016: $12,391,8752016Revenue 2017: $7,899,343Expenses 2017: $7,684,022Net Income 2017: $215,3212017Revenue 2018: $10,586,174Expenses 2018: $9,329,921Net Income 2018: $1,256,2532018Revenue 2019: $10,121,935Expenses 2019: $10,125,199Net Income 2019: -$3,2642019Revenue 2020: $9,056,133Expenses 2020: $9,861,960Net Income 2020: -$805,8272020Revenue 2021: $10,496,744Expenses 2021: $9,422,990Net Income 2021: $1,073,7542021Revenue 2022: $11,542,139Expenses 2022: $10,173,970Net Income 2022: $1,368,1692022Revenue 2023: $7,976,509Expenses 2023: $10,398,858Net Income 2023: -$2,422,3492023Revenue 2024: $10,593,286Expenses 2024: $9,940,128Net Income 2024: $653,1582024

Highlighted filing

2019

Revenue$10,121,935
Expenses$10,125,199
Net Income-$3,264
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Dec 18, 2019
Return Version
2018v3.1
Gross Receipts
$10,176,534
Mission and Program Overview

Mission

Welch college is a christian higher education institution that educates leaders to serve christ, his church, and his world through biblical thought and life

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,192,439$32,434,070▼ $758,369
Investments in Publicly Traded Securities-$1,738,422-
Investments Other Securities$1,078,724$1,314,539▲ $235,815
Investments Program Related-$1,067,005-
Pledges and Grants Receivable$1,514,137$1,056,058▼ $458,079
Other Notes and Loans Receivable, Net$1,000,313$1,000,000▼ $313
Cash and Non-Interest-Bearing Accounts$383,327$442,962▲ $59,635
Savings and Temporary Cash Investments$723,972$423,114▼ $300,858
Accounts Receivable$103,011$73,772▼ $29,239
Prepaid Expenses and Deferred Charges$6,158$19,742▲ $13,584
Inventories for Sale or Use-$9,237-
Total Assets$40,560,195$39,628,221▼ $931,974
Other Assets Total$2,558,114$49,300▼ $2,508,814
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,213,088$16,855,150▲ $642,062
Accounts Payable and Accrued Expenses$1,662,968$493,634▼ $1,169,334
Unsecured Notes Loans Payable$346,619--
Other Liabilities$148,783$201,555▲ $52,772
Deferred Revenue$78,470$109,242▲ $30,772
Total Liabilities$18,449,928$17,659,581▼ $790,347
Net Assets / Fund Balance
Unrestricted Net Assets$17,097,523$17,272,476▲ $174,953
Permanently Rstr Net Assets$2,994,398$3,327,248▲ $332,850
Temporarily Rstr Net Assets$2,018,346$1,368,916▼ $649,430
Total Net Assets Fund Balance$22,110,267$21,968,640▼ $141,627
Total Liabilities and Net Assets / Fund Balance$40,560,195$39,628,221▼ $931,974

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,656,942$1,460,047$28,116,989
Land$3,715,271-$3,715,271
Equipment$1,988,248$1,693,805$3,682,053
Other Land Buildings$73,609-$73,609

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,838,686$548,823▼ $141,604-$3,127,052
2017$2,595,378$26,509▲ $292,379$5,470$2,838,686
2016$2,167,387$166,364▲ $44,180$-329,016$2,595,378
2015$1,648,773$707,084▼ $102,387$-12,580$2,167,387
2014$1,599,585$58,043▲ $58,189$13,239$1,648,773
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin HesterVP Institutional EffectiveFT$72,222$19,606$91,828
J Matthew PinsonPresidentFT$72,911$17,395$90,306
Matthew BraceyVice ProvostFT$54,269$11,212$65,481
Greg KettemanVP Strategic InitiativesFT$60,040$1,837$61,877
Jon ForlinesVP Student Services/ DeanFT$44,803$5,370$50,173
David WillifordVP-institutional AdvancemeFT$34,466$12,103$46,569
Craig MahlerVP-financial AffairsFT$37,539$6,583$44,122
Matthew McaffeeProvostFT$32,717$6,345$39,062

Board Members and Trustees

NameTitle
Dr Jeff CrabtreeChairman
Dr Eddie MoodyVice-chairman
Rev Brad RyanBoard of Trustees Member
Rev Shiloh HackettBoard of Trustees Member
Rev Theron ScottBoard of Trustees Member
Rev Tim CampbellBoard of Trustees Member
Rev Wayne MiracleBoard of Trustees Member
Rev Will BeauchampBoard of Trustees Member
Mr Mike ArmstrongSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,153,914
Program Service Revenue
$5,838,978
Investment Income
$-8,557
Other Revenue
$137,600
All Other Contributions
$4,102,664
Change in Net Assets
$-3,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,570,431
Salaries, Compensation, and Employee Benefits$3,867,469
Grants and Similar Amounts Paid$1,687,299
Total Fundraising Expense$713,103
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,924,210$504,979$322,625$2,751,814
Grants to Domestic Individuals$1,646,845--$1,646,845
Depreciation Depletion$1,070,945--$1,070,945
Interest$932,467--$932,467
Current Officers, Directors, Trustees, and Key Employees$342,226$89,812$57,380$489,418
Travel$284,789$59,472$138,065$482,326
Other Employee Benefits$324,438$89,409$53,962$467,809
Office Expenses$194,374$141,762$27,240$363,376
Occupancy$299,252$843-$300,095
All Other Expenses$179,721$65,742-$245,463
Advertising$143,064-$42,058$185,122
Payroll Taxes$110,781$29,073$18,574$158,428
Other Expenses$92,975$8,784$12,483$105,458
Insurance$81,986--$81,986
Fees for Services Other$44,232-$6,986$51,218
Fees for Services Accounting$46,139--$46,139
Information Technology$42,334--$42,334
Foreign Grants$40,454--$40,454
Total Functional Expenses$8,422,220$989,876$713,103$10,125,199
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$132,905
Fundraising Direct Expenses$45,822
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ignite the Flame Dinners$96,446$96,446$20,530$75,916
Welch Classic Golf Tournament$11,709$11,709$2,807$8,902
Total Events$184,155$132,905$45,822$87,083
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits and Agency Funds$201,555
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
Yes
Other officer compensation reviewed
Yes
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

“The form 990 is prepared by an outside public accounting firm. The return is reviewed in detail by the vp for financial affairs and the president of the college. The draft is emailed to members of the board of trustees for their review and approval prior to filing the return with the internal revenue service.”

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

“All board members are required to annually disclose certain financial interests and fiduciary relationships. Responses are reviewed to determine if further investigation is necessary and to determine if a conflict exists with respect to a certain transaction. If a conflict exists, the transaction is not to be entered into unless alternatives are fully investigated, and in their absence, the board, without the participation of the interested member(s), determines that the transaction is in the best interest of the organization. Plans to manage the conflict during the relationship are implemented. All discussions are appropriately documented. All other employees are required to disclose any circumstances, including family and business relationships, which may create a conflict of interest for the organization.”

Form 990, Part VI, Section B, Line 15

“Compensation approval process - in determining compensation of the organization's officers and key employees, the annual process performed by welch college includes a compensation survey or study and approval by the board of trustees. Additionally, all discussions and decisions are contemporaneously documented.”

Form 990, Part VI, Section C, Line 19

“The college makes it governing documents, conflict of interest policy, and financial statements available. The college's financial statements are published for the denomination at large and presented annually to the free will baptist convention. Form 990 is also available on the guidestar website.”

Filing and Contact Details

Filer

Filer Name
Welch College
EIN
62-0481463
Phone
6156755255
Address
PO BOX 479 1045 BISON TRAIL, GALLATIN, TN 37066

Signing Officer

Name
Craig Mahler
Title
VP-financial Affairs
Phone
6156755255
Signed
2019-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Matthew Pinson
Formed
1945
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
295
Volunteers
1

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Jeffrey R Smith
Phone
6153205500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The college is exempt from income taxes under section 501 of the internal revenue code and a similar provision of state law. However, the college is subject to federal income tax on any unrelated business taxable income. The college accounts for the effect of any uncertain tax positions based on a more likely than not threshold to the recognition of the tax positions being sustained based on the technical merits of the position under examination by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a cumulative probability assessment that aggregates the estimated tax liability for all uncertain tax positions. Tax positions for the college include, but are not limited to, the tax-exempt status and determination of whether income is subject to unrelated business income tax; however, the college has determined that such tax positions do not result in an uncertainty requiring recognition. The college files informational returns, which are open for examination by authorities for three years after filing. The tax returns for 2015, 2016, and 2017 are still open to examination.”

Schedule D, Part V, Line 4

“Endowment use endowments consist of numerous individual funds established to benefit unrestricted operations and to provide scholarships to eligible students who meet individual donor requirements. All endowments are donor restricted, with no board designated (quasi) funds.”

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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/PersonNm11GREG KETTEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12JON FORLINES
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID WILLIFORD
IRS990/Form990PartVIISectionAGrp/PersonNm14MATTHEW BRACEY
IRS990/Form990PartVIISectionAGrp/PersonNm15KEVIN HESTER
IRS990/Form990PartVIISectionAGrp/PersonNm16MATTHEW MCAFFEE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt937539
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1072911
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1160040
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1244803
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1334466
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1454269
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1572222
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1632717
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF TRUSTEES MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF TRUSTEES MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF TRUSTEES MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF TRUSTEES MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF TRUSTEES MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF TRUSTEES MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP-FINANCIAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP STRATEGIC INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP STUDENT SERVICES/ DEAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP-INSTITUTIONAL ADVANCEME
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PROVOST
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP INSTITUTIONAL EFFECTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt16PROVOST
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt051250
IRS990/FundraisingDirectExpensesAmt045822
IRS990/FundraisingGrossIncomeAmt0132905
IRS990/GainOrLossGrp/OtherAmt0-1873
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt01687299
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01646845
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01646845
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt06904
IRS990/GrossReceiptsAmt010176534
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt042334
IRS990/InformationTechnologyGrp/TotalAmt042334
IRS990/InsuranceGrp/ProgramServicesAmt081986
IRS990/InsuranceGrp/TotalAmt081986
IRS990/InterestGrp/ProgramServicesAmt0932467
IRS990/InterestGrp/TotalAmt0932467
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09237
IRS990/InvestmentIncomeGrp/ExclusionAmt0-6684
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-6684
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01078724
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01314539
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01067005
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01738422
IRS990/IRPDocumentCnt053
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03153852
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033192439
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032434070
IRS990/LandBldgEquipCostOrOtherBssAmt035587922
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt08777
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016213088
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt016855150
IRS990/NetAssetsOrFundBalancesBOYAmt022110267
IRS990/NetAssetsOrFundBalancesEOYAmt021968640
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1873
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1873
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt087083
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt087083
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-133639
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0843
IRS990/OccupancyGrp/ProgramServicesAmt0299252
IRS990/OccupancyGrp/TotalAmt0300095
IRS990/OfficeExpensesGrp/FundraisingAmt027240
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0141762
IRS990/OfficeExpensesGrp/ProgramServicesAmt0194374
IRS990/OfficeExpensesGrp/TotalAmt0363376
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02558114
IRS990/OtherAssetsTotalGrp/EOYAmt049300
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt053962
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt089409
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0324438
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0467809
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1GENERAL INSTITUTIONAL
IRS990/OtherExpensesGrp/Desc2ATHLETICS
IRS990/OtherExpensesGrp/Desc3ON-CAMPUS EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt033730
IRS990/OtherExpensesGrp/FundraisingAmt112483
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08784
IRS990/OtherExpensesGrp/ProgramServicesAmt0403310
IRS990/OtherExpensesGrp/ProgramServicesAmt189441
IRS990/OtherExpensesGrp/ProgramServicesAmt2128237
IRS990/OtherExpensesGrp/ProgramServicesAmt392975
IRS990/OtherExpensesGrp/TotalAmt0403310
IRS990/OtherExpensesGrp/TotalAmt1131955
IRS990/OtherExpensesGrp/TotalAmt2128237
IRS990/OtherExpensesGrp/TotalAmt3105458
IRS990/OtherLiabilitiesGrp/BOYAmt0148783
IRS990/OtherLiabilitiesGrp/EOYAmt0201555
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050517
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050517
IRS990/OtherRevenueTotalAmt050517
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0322625
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0504979
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01924210
IRS990/OtherSalariesAndWagesGrp/TotalAmt02751814
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01000313
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01000000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt018574
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029073
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110781
IRS990/PayrollTaxesGrp/TotalAmt0158428
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02994398
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03327248
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01514137
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01056058
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06158
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019742
IRS990/PrincipalOfficerNm0J MATTHEW PINSON
IRS990/PriorPeriodAdjustmentsAmt0-4724
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1DINING HALL
IRS990/ProgramServiceRevenueGrp/Desc2DORMITORY
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc4SNACKSHOP AND BOOKSTORE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04463499
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1756625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2484888
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt380633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt453333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04463499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1756625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2484888
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt380633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt453333
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04139773
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01462191
IRS990/PYInvestmentIncomeAmt0894294
IRS990/PYOtherExpensesAmt03993900
IRS990/PYOtherRevenueAmt0125599
IRS990/PYProgramServiceRevenueAmt05426508
IRS990/PYRevenuesLessExpensesAmt01256253
IRS990/PYSalariesCompEmpBnftPaidAmt03873830
IRS990/PYTotalExpensesAmt09329921
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010586174
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3264
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05838977
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0723972
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0423114
IRS990ScheduleA/SchoolInd0X
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

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,628,221
Liabilities
$17,659,581
Net assets
$21,968,640
Revenue
$10,121,935
Expenses
$10,125,199
Net income
-$3,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.3$18.5$21.8$10.6$9.94$0.65
2023Detailed filing. Detailed filing data is available for this year.$39.3$18.2$21.1$7.98$10.4$2.42
2022Detailed filing. Detailed filing data is available for this year.$41.6$17.7$23.9$11.5$10.2$1.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.1$17.5$22.6$10.5$9.42$1.07
2020Detailed filing. Detailed filing data is available for this year.$39.7$18.4$21.3$9.06$9.86$0.81
2019Detailed filing. Detailed filing data is available for this year.$39.6$17.7$22.0$10.1$10.1$0.00
2018Detailed filing. Detailed filing data is available for this year.$40.6$18.4$22.1$10.6$9.33$1.26
2017Detailed filing. Detailed filing data is available for this year.$35.7$15.0$20.8$7.90$7.68$0.22
2016Detailed filing. Detailed filing data is available for this year.$23.1$2.73$20.3$19.4$7.05$12.4
2015Detailed filing. Detailed filing data is available for this year.$13.3$5.95$7.38$6.96$6.70$0.26
2014Detailed filing. Detailed filing data is available for this year.$12.8$5.67$7.12$6.44$6.58$0.14
2013Summary only. Only limited summary data is available for this year.$12.8$5.64$7.12$6.68$5.92$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$6.71$7.12$6.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$6.05$7.17$5.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$5.43$7.50$5.89