2020-10-15T12:52:28-05:00 2019-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2018-07-01 621504678 CROWN COLLEGE CROW 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 GAYLE WASHINGTON VICE CHAIRMAN/SECRETARY 8659388186 2020-07-14 1 SARAH PRESNELL P01269151 4232824511 2020-07-14 35.130.96.146 2020-07-14 14:31:20 ED P E54D689F127A6A4664893D16FD0020B77073CC63 D072D97479A59ED148BF115AD695127CE02F0BEC 2018 2021-01-29 14:40:06Z GAYLE WASHINGTON 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 9473628 0 X WWW.THECROWNCOLLEGE.COM X 1991 TN THE MISSION OF THE CROWN COLLEGE OF THE BIBLE IS TO TRAIN MEN AND WOMEN TO FOLLOW THE LORD JESUS CHRIST AND TO EQUIP THEM TO FULFIL HIS PURPOSE BY PROVIDING EDUCATION IN WHICH CHRIST IS PREEMINENT, AND WHERE THE HIGHEST ACADEMICS ARE UNITED WITH MINISTRY APPLICATION FOR THE SOLE PURPOSE OF GLORIFYING THE LORD JESUS CHRIST. THE MISSION CONTINUES AS GRADUATES OF THE CROWN COLLEGE OF THE BIBLE TRAIN OTHERS. 12 12 197 0 0 0 2209019 3707286 5380270 5751717 5547 14625 0 0 7594836 9473628 732535 695814 0 0 2643717 3297006 0 0 29426 3855257 4433702 7231509 8426522 363327 1047106 14602155 15524638 12411448 12008201 2190707 3516437 OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 0 0 6544241 695814 5751717 OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 6544241 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 197 1 0 1 UK 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 1 0 0 TN X GAYLE WASHINGTON 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 JOHN FSTANCIL CHAIRMAN 1.00 X X 0 0 0 GAYLE WASHINGTON VICE CHAIRMAN/SECRETARY 1.00 X X 0 0 0 AARON BOESE TRUSTEE 1.00 X 0 0 0 ROGER GREEN TRUSTEE 1.00 X 0 0 0 NEIL MARTIN TRUSTEE 1.00 X 0 0 0 JODY JENKINS TRUSTEE 1.00 X 0 0 0 CHARLES KEEN TRUSTEE 1.00 X 0 0 0 ROBERT PAINTER TRUSTEE 1.00 X 0 0 0 SUZANNE RAPER TRUSTEE 1.00 X 0 0 0 JAMES RAY TRUSTEE 1.00 X 0 0 0 CLARENCE G SEXTON PRESIDENT/CEO 40.00 X X 60000 0 0 TIMOTHY L TOMLINSON VP OF ADMINISTRATION 40.00 X 81318 0 22344 CHARLES R PRESCOTT CHIEF FINANCIAL OFFICER 40.00 X 101590 0 7128 LOYD K EWING ACADEMIC DEAN; CHIEF ACADE 40.00 X 39852 0 10344 M SHANNON SEXTON VP OF OPERATIONS 40.00 X 96743 0 7128 JANICE GILLIAM VP OF TRADES & TECHNOLOGY 40.00 40.00 X 64999 0 7128 444502 0 54072 1 0 0 0 CHRISTOPOULOUS & KENNEDY CONSTRUCTION PO BOX 53502 KNOXVILLE TN 37950 CONSTRUCTION 767823 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 CAFETERIA SERVICE 699528 2 2048 3705238 3707286 TUITION AND FEES 611710 3645216 3645216 AUXILIARY ENTERPRISES 611710 1473292 1473292 OTHER INCOME 611710 396296 396296 COLLEGE BOOKSTORE SALE 611710 236913 236913 5751717 14625 14625 9473628 5751717 0 14625 695814 695814 2862270 2146702 708412 7156 262530 196898 64976 656 172206 129154 42621 431 698528 698528 36355 36355 120788 90781 29402 605 222263 122280 99983 586351 469081 117270 105631 68660 36971 192145 192145 443660 354928 88732 471536 287431 184105 89876 53926 35950 STUDENT SPECIFIC EXPENS 232697 232697 REPAIRS AND MAINTENANCE 180502 108301 72201 COLLEGE BOOKSTORE COST 175562 175562 FOREGIVENESS OF DEBT 118982 118982 758826 484998 253250 20578 8426522 6544241 1852855 29426 139047 78436 1642864 863388 1400000 1928245 216812 175465 159303 119303 104484 79407 17953759 5673365 10865453 12280394 74192 0 14602155 15524638 163402 219186 229646 250028 9539989 9270616 2384379 2268371 94032 0 12411448 12008201 X 552074 1119223 1616133 2397214 22500 0 2190707 3516437 14602155 15524638 X 1047106 73232 205392 X X 0 1 X 0 0 X 1471807 1388890 2365078 2209019 3707286 11142080 1471807 1388890 2365078 2209019 3707286 11142080 1065239 10076841 20022 92747 429 5547 14625 133370 11275450 27428065 0.89370 0.76630 X SCHEDULE A, PART I, LINES 2 AND 7 CROWN COLLEGE RECEIVED AN IRS DETERMINATION LETTER STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART I, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. PER THE 2013 IRS INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE COLLEGE TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANIZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1640000 1640000 13057887 3709629 9348258 3013851 1963736 1050115 242021 242021 12280394 X 8656913 54661 54661 8602252 871376 871376 9473628 7620359 65213 65213 7555146 871376 871376 8426522 PART X, LINE 2: NOTE 1 - UNCERTAIN TAX POSITIONS THE COLLEGE AND TRADE SCHOOL ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC), WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2019, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JUNE 30, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF TRADE SCHOOL 54,661. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 695,814. COLLEGE BOOKSTORE COST OF GOODS SOLD NETTED AGAINST BOOKSTORE SALES 175,562. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF TRADE SCHOOL 65,213. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 695,814. COLLEGE BOOKSTORE COST OF GOODS SOLD NETTED AGAINST BOOKSTORE SALES 175,562. 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LINE 2 - IN ON-LINE CATALOG, NOT IN ALL LITERATURE. LINE 3 - CROWN COLLEGE HAS A LONG HISTORY OF NONDISCRIMINATORY ACTIVITY. WE HAVE GOVERNED OURSELVES BY BIBLICAL STANDARDS WHICH FORBID DISCRIMINATION. "WHOSOEVER SHALL CALL...; "FOR GOD SO LOVED THE WORLD...; ETC. SCHEDULE E, PART I, LINE 4 LINE 4 - SEE LINE 3 EXPLANATION. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VETERANS ADMINISTRATION BENEFITS. THE COLLEGE DOES NOT PARTICIPATE IN THE TITLE IV STUDENT FINANCIAL AID PROGRAMS OF THE UNITED STATES DEPARTMENT OF EDUCATION. EUROPE 1 PROGRAM SERVICES CROWN COLLEGE STUDENTS WHO STUDY IN ENGLAND COMPLETE COURSES THERE, AS PART OF THEIR DEGREE PROGRAM AT CROWN COLLEGE. THE PROGRAM OF STUDY IN ENGLAND DOES NOT VARY IN CONTENT FROM THE PROGRAM(S) A STUDENT WOULD STUDY AT CROWN COLLEGE IN THE UNITED STATES. THE NUMBER OF STUDENTS STUDYING IN ENGLAND FOR THE FISCAL YEAR ENDED JUNE 30, 2017 WAS SIXTEEN. 75000 1 0 0 0 1 0 75000 0 75000 0 0 0 0 0 0 1 CASH SCHOLARSHIPS WERE MADE FOR STUDENTS ATTENDING CROWN COLLEGE IN KNOX COUNTY, TENNESSEE. 695814 N/A N/A PART I, LINE 2: THE COLLEGE DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IN THE EVENT OF EARLY WITHDRAWAL, REFUNDS ARE GRANTED BASED ON THE FOLLOWING SCHEDULE: THE CHARGE FOR STUDENT MEDICAL INSURANCE IS NONREFUNDABLE. ROOM AND BOARD: THE ROOM AND BOARD WILL BE PRO-RATED ACCORDING TO THE NUMBER OF DAYS THE STUDENT WAS ON CAMPUS. TUITION AND FEES: IF A STUDENT WITHDRAWS BEFORE THE FIRST DAY OF CLASS, FEES AND TUITION WILL BE REFUNDED, LESS AN ADMINISTRATIVE FEE OF ONE HUNDRED DOLLARS ($100.00). IF A STUDENT WITHDRAWS AFTER THE FIRST DAY OF CLASS BUT BEFORE THE END OF THE SECOND WEEK OF CLASS, FEES AND TUITION WILL BE CHARGED AT THE RATE OF TWENTY-FIVE PERCENT (25%). IF A STUDENT WITHDRAWS DURING THE THIRD OR FOURTH WEEK OF CLASS, FEES AND TUITION WILL BE CHARGED AT THE RATE OF SEVENTY-FIVE PERCENT (75%). IF A STUDENT WITHDRAWS AFTER THE FOURTH WEEK OF CLASS, FEES AND TUITION ARE DUE AND PAYABLE IN FULL. ALL REFUNDS WILL BE ISSUED WITHIN TEN BUSINESS DAYS OF A STUDENT'S OFFICIAL WITHDRAWAL DATE. REQUESTS FOR REFUNDS ARE REVIEWED BY THE BUSINESS MANAGER FOR COMPLIANCE WITH ESTABLISHED WITHDRAWAL PROCEDURES. THE EXCEPTION TO THIS IS FOR STUDENTS ELIGIBLE FOR VA BENEFITS. IN ORDER TO REMAIN IN COMPLIANCE WITH VA REGULATIONS, THE FOLLOWING REFUND POLICY APPLIES: VETERANS AND OTHER ELIGIBLE STUDENTS: CROWN COLLEGE OF THE BIBLE HAS A PRO-RATA REFUND POLICY FOR THE REFUND OF THE UNUSED PORTION OF TUITION, FEES AND OTHER CHARGES IN THE EVENT THE VETERAN OR ELIGIBLE PERSON FAILS TO ENTER THE COURSE OR WITHDRAWS OR IS DISCONTINUED THERE FROM AT ANY TIME PRIOR TO COMPLETION. CROWN COLLEGE DOES NOT PARTICIPATE IN THE TITLE IV STUDENT FINANCIAL AID PROGRAMS OF THE UNITED STATES DEPARTMENT OF EDUCATION. A THE HEALTH EDUCATIONAL & HOUSING FACILITY BD-COUNTY OF KNOX SERIES 2015 621220275 NONEAVAIL 2015-05-29 10000000 REFINANCE OUTSTANDING LOAN WITH FINANCIAL INSTITUTION; CAPITAL IMPROVEMENTS 0 0 0 A 1476313 10906853 8548058 184566 512425 4951 2018 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 2 M. SHANNON SEXTON, VICE PRESIDENT OF OPERATIONS, IS THE SON OF CLARENCE G. SEXTON, PRESIDENT/CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES MUST BE APPROVED BY TEMPLE BAPTIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING TRUSTEE OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: LOSS ON FOREIGN CURRENCY TRANSLATION -162,007. TRANSFER OF NET ASSETS FROM CROWN TRADE SCHOOL 367,399. FORM 990, PART XII, LINE 2C CROWN COLLEGE'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. TEMPLE BAPTIST CHURCH 1700 WEST BEAVER CREEK DRIVE POWELL TN 37849 620844405 A CHURCH TN 501(C)(3) LINE 1 N/A 0 CROWN SCHOOL OF TRADES AND TECHNOLOGY 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 352470212 TN 501(C)(3) LINE 2 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TEMPLE BAPTIST CHURCH C 2048 CASH RECEIVED