2018-04-17T00:00:00-05:00 2017-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2016-07-01 621504678 CROWN COLLEGE CROW 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 GAYLE WASHINGTON VICE CHAIRMAN/SECRETARY 8659388186 2018-04-13 1 THOMAS S GREER P00067526 4232824511 2018-04-13 96.38.29.242 2018-04-13 13:31:35 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 1086C511314BED2342A7C788A18FBE6D45C6826F 2016 2021-01-29 14:40:06Z GAYLE WASHINGTON 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 7765986 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 12 114 10 0 0 1388890 2365078 5321091 5400479 92747 429 0 0 6802728 7765986 666923 699225 0 0 2571586 2769524 0 0 30830 3323938 3713147 6562447 7181896 240281 584090 13493797 12739360 11840539 11093397 1653258 1645963 OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 0 0 5733454 699225 5400479 OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 5733454 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 1 1 0 0 0 0 1 0 0 0 1 614 0 1 114 1 0 1 UK 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 ED HIBBARD 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 SCOTT SULLIVAN TRUSTEE 1.00 X 0 0 0 CLARENCE G SEXTON PRESIDENT/CEO 40.00 X X 50000 0 0 TIMOTHY L TOMLINSON VP OF ADMINISTRATION 40.00 X 77918 0 23077 CHARLES R PRESCOTT CHIEF FINANCIAL OFFICER 40.00 X 100390 0 7632 LOYD K EWING ACADEMIC DEAN; CHIEF ACADEMIC OFFICER 40.00 X 33000 0 11077 M SHANNON SEXTON VP OF OPERATIONS 40.00 X 87444 0 11077 348752 0 52863 1 0 0 0 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 CAFETERIA SERVICE 715075 CHRISTOPOULOS & KENNEDY CONSTRUCTION P O BOX 53502 KNOXVILLE TN 37950 CONSTRUCTION SERVICE 294751 2 67206 2297872 70000 2365078 TUITION AND FEES 611710 3373612 3373612 AUXILIARY ENTERPRISES 611710 1364851 1364851 OTHER INCOME 611710 443911 443911 COLLEGE BOOKSTORE SALE 611710 218105 218105 5400479 429 429 7765986 5400479 0 429 699225 699225 410300 102575 306699 1026 1939975 1639700 295425 4850 277381 228467 48220 694 141868 106401 35112 355 629684 629684 46286 46286 112401 84301 27538 562 91338 50236 41102 545928 436742 109186 105787 68762 37025 173855 173855 340124 272099 68025 377450 226470 150980 22658 13595 9063 STUDENT SPECIFIC EXPENS 184584 184584 REPAIRS AND MAINTENANCE 170545 102327 68218 ENGLAND STUDENTS EXPENS 148000 148000 COLLEGE BOOKSTORE COST 124241 124241 640266 395904 221019 23343 7181896 5733454 1417612 30830 199068 242212 872658 831109 553477 142370 207713 220878 1795799 199303 105685 105101 15508770 4660006 9693539 10848764 0 70000 65858 79623 13493797 12739360 108376 128221 135332 151326 8563273 8265727 3033558 2548123 11840539 11093397 X 1630758 1523969 0 99494 22500 22500 1653258 1645963 13493797 12739360 X 584090 -591385 X X 0 1 X 1 0 X 376657 921193 1471807 1388890 2365078 6523625 376657 921193 1471807 1388890 2365078 6523625 2114278 4409347 859 10848 20022 92747 429 124905 6648530 27550235 0.66320 0.84510 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 11737921 3159370 8578551 0 1916721 1500636 416085 214128 214128 10848764 X 7081406 138886 138886 6942520 823466 823466 7765986 6493996 135566 135566 6358430 823466 823466 7181896 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, 2017, 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, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF TRADE SCHOOL 138,886. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 699,225. COLLEGE BOOKSTORE COST OF GOODS SOLD NETTED AGAINST BOOKSTORE SALES 124,241. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF TRADE SCHOOL 135,566. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 699,225. COLLEGE BOOKSTORE COST OF GOODS SOLD NETTED AGAINST BOOKSTORE SALES 124,241. 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 2 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. 72800 1 2 0 0 1 2 72800 0 72800 0 1 0 0 0 0 1 CASH SCHOLARSHIPS WERE MADE FOR STUDENTS ATTENDING CROWN COLLEGE IN KNOX COUNTY, TENNESSEE. 252 699225 0 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 9250000 REFINANCE OUTSTANDING LOAN WITH FINANCIAL INSTITUTION; CAPITAL IMPROVEMENTS 0 0 0 A 715143 9250000 8548058 184566 512425 4951 2017 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 A 0 CLARENCE G SEXTON PRESIDENT OF CROWN COLLEGE 40000 ON 05/01/13, CROWN COLLEGE SOLD THE ASSETS OF CROWN CHRISTIAN PUBLICATIONS TO CROWN CHRISTIAN PUBLICATIONS, LLC FOR $359,303. A PROMISSORY NOTE WAS ISSUED FOR THE FULL AMOUNT. DR. CLARENCE G. SEXTON, THE PRESIDENT OF CROWN COLLEGE, IS THE SOLE MEMBER OF CROWN CHRISTIAN PUBLICATIONS, LLC. A TAX ATTORNEY DETERMINED THE VALUE OF THE ASSETS SOLD. THE PAYMENT OF $40,000 THAT WAS DUE FOR THE YEAR ENDED 06/30/17 WAS FORGIVEN. 0 X 2 70000 SALES-SURROUNDING LOTS 0 0 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 -227,234. TRANSFER OF EQUIPMENT TO TRADE SCHOOL -367,399. OTHER 3,248. 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. FORM 990, PART X, LINE 20 IN 2017, THE COLLEGE ADOPTED THE REQUIREMENTS OF FASB ACCOUNTING STANDARDS UPDATE (ASU) 2015-03, INTEREST-IMPUTATION OF INTEREST (SUBTOPIC 835-30): SIMPLIFYING THE PRESENTATION OF OF DEBT ISSUANCE COSTS. THIS UPDATE REQUIRES THAT DEBT ISSUANCE COSTS RELATED TO A RECOGNIZED DEBT LIABILITY BE PRESENTED IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS A DIRECT REDUCTION FROM THE CARRYING AMOUNT OF THAT DEBT LIABILITY INSTEAD OF AS AN ASSET. AMORTIZATION OF THE DEBT ISSUANCE COSTS FOR THE YEAR ENDED JUNE 30, 2017 OF $14,994 IS REPORTED AS INTEREST EXPENSE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES, WHICH PREVIOUSLY WOULD HAVE BEEN REPORTED AS AMORTIZATION EXPENSE. THERE WAS NO CUMULATIVE EFFECT ON NET ASSETS. 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 TRADE SCHOOL 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 1 0 TEMPLE BAPTIST CHURCH C 67206 CASH RECEIVED CROWN SCHOOL OF TRADES AND TECHNOLOGY R 367399 TRANSFER OF EQUIPMENT