2015-03-26T10:22:42-05:00 2014-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2013-07-01 621504678 CROWN COLLEGE CROW 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 NEIL MARTIN VICE CHAIRMAN/SECRETARY 8659388186 2015-03-26 1 THOMAS S GREER P00067526 4232824511 2015-03-26 2013 2016-02-25 16:41:14Z NEIL MARTIN 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 6532317 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. 11 11 79 10 0 0 376657 921193 5653881 5600276 859 10848 0 0 6031397 6532317 681881 685369 0 0 297943 2782232 0 0 20092 5040590 2811266 6020414 6278867 10983 253450 10589317 12751514 9618793 11520790 970524 1230724 OPERATION OF COLLEGE FOR UNDERGRADUATE, GRADUATE, AND DOCTORATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 0 0 4835364 685369 5600276 OPERATION OF COLLEGE FOR UNDERGRADUATE, GRADUATE, AND DOCTORATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 4835364 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 44 0 1 79 1 0 1 UK 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 1 0 0 TN X NEIL MARTIN 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 JOHN STANCIL CHAIRMAN 1.00 X X 0 0 0 NEIL MARTIN 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 JODY JENKINS TRUSTEE 1.00 X 0 0 0 KEN MCCOY TRUSTEE 1.00 X 0 0 0 SHANE NEWBY TRUSTEE 1.00 X 0 0 0 ROBERT PAINTER TRUSTEE 1.00 X 0 0 0 JOHNNY POPE TRUSTEE 1.00 X 0 0 0 JAMES RAY TRUSTEE 1.00 X 0 0 0 CLARENCE G SEXTON PRESIDENT AND TRUSTEE 40.00 X X 0 0 0 C SCOTT PAULEY VP OF ADMINISTRATION 40.00 X 33600 0 35004 CHARLES R PRESCOTT CHIEF FINANCIAL OFFICER 40.00 X 76325 0 5930 TIMOTHY L TOMLINSON VP-ACADEMICS, DEAN-CROWN SEMINARY 40.00 X 48000 0 20604 SHANNON SEXTON VP OF OPERATIONS 40.00 X 69195 0 8604 227120 0 70142 0 0 0 0 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 CAFETERIA SERVICE 593195 1 50500 870693 50265 921193 TUITION AND FEES 611710 3253463 3253463 AUXILIARY ENTERPRISES 611710 1887013 1887013 OTHER INCOME 611710 459800 459800 5600276 10848 10848 6532317 5600276 0 10848 X 685369 685369 322262 257810 64452 1899725 1519780 379945 213557 170846 42711 346688 153583 193105 32400 32400 730143 653863 76280 66602 39350 7160 20092 37710 30168 7542 94000 49407 44593 530471 424377 106094 60232 40264 19968 138025 17356 120669 377614 302091 75523 313468 250774 62694 1141 913 228 MUSIC AND ATHLETICS 205072 90984 114088 MISCELLANEOUS EXPENSES 78149 62518 15631 ADMINISTRATIVE 77236 16908 60328 TRADE SCHOOL 69003 69003 6278867 4835364 1423411 20092 28874 194764 552680 2358344 78534 167728 359303 319303 113024 102614 13175541 3594473 9427718 9581068 29184 27693 10589317 12751514 208418 168420 107233 117891 9303142 11234479 9618793 11520790 X 969524 1208224 1000 0 0 22500 970524 1230724 10589317 12751514 253450 6750 0 X X 0 1 X 1 0 X 3605807 376657 921193 4903657 3605807 376657 921193 4903657 403637 4500020 859 10848 11707 4915364 16647782 0.91550 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 9369665 2234289 7135376 0 2165876 1360184 805692 0 9581068 X 5846948 0 5846948 685369 685369 6532317 5593498 0 5593498 685369 685369 6278867 PART X, LINE 2: NOTE 1 - UNCERTAIN TAX POSITIONS THE COLLEGE IS 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, 2014 AND 2013, 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 YEARS ENDED JUNE 30, 2014 AND 2013. GENERALLY, THE TAX YEARS BEFORE 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 685,369. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 685,369. 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 VA 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, 2014 WAS TWENTY. 93255 1 2 0 0 1 2 93255 0 93255 0 1 0 0 0 0 PART I, LINE 2: 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING CROWN COLLEGE IN KNOX COUNTY, TENNESSEE. 297 685369 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 DRUING 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 BIBILE 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. CLARENCE G SEXTON PRESIDENT OF CROWN COLLEGE 319303 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 IN FISCAL YEAR 2014 WAS FORGIVEN. 0 X 1 50265 CLOSING STOCK PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SHANNON SEXTON, VICE PRESIDENT OF OPERATIONS, IS THE SON OF CLARENCE G. SEXTON, PRESIDENT AND TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES MUST BE APPROVED BY TEMPLE BAPTIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11 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 IX, LINE 11G FOOD SERVICE FOR STUDENTS: PROGRAM SERVICE EXPENSES 593,195. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 593,195. OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 60,668. MANAGEMENT AND GENERAL EXPENSES 76,280. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,948. FORM 990, PART XII, LINE 2C CROWN COLLEGE'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. TEMPLE BAPTIST CHURCH 1700 WEST BEAVER CREEK DRIVE POWELL TN 37849 620844405 A CHURCH TN 501(C)(3) LINE 1 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 50500 CASH PAID