2025-03-10T10:36:58-05:00 2024-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2023-07-01 621504678 CROWN COLLEGE CROW 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 RAY GONSALVES CFO 8659388186 2025-02-27 1 0 SARAH PRESNELL P01269151 4232824511 2025-02-27 2023 2025-03-06 01:10:19Z RAY GONSALVES 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 11540281 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. 8 8 183 0 0 0 2986023 3269039 7247355 7928684 7317 19931 90881 98782 10331576 11316436 949844 1090857 0 0 3506998 3569720 0 0 41311 5055597 5937797 9512439 10598374 819137 718062 19225835 17951693 14412807 12324955 4813028 5626738 OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 0 0 7738971 1090857 8027466 OPERATION OF COLLEGE FOR UNDERGRADUATE AND GRADUATE LEVELS IN VARIOUS LEVELS OF RELIGION AND EDUCATIONAL INTERESTS. 7738971 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 33 0 1 183 1 0 1 UK 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 1 0 0 TN X ROSEMARY PETTERLE 8659388186 2307 WEST BEAVER CREEK DRIVE POWELL TN 37849 JOHN STANCIL TRUSTEE 1.00 X 0 0 0 AARON BOESE TRUSTEE 1.00 X 0 0 0 ROGER GREEN TRUSTEE 1.00 X 0 0 0 ANDREW PADGETT SECRETARY 1.00 X X 0 0 0 ROBERT PAINTER TRUSTEE 1.00 X 0 0 0 SUZANNE RAPER TRUSTEE 1.00 X 0 0 0 DARREN WILLIAMS TRUSTEE 1.00 X 0 0 0 WINSTON CARROLL TRUSTEE 1.00 X 0 0 0 CLARENCE G SEXTON PRESIDENT/CEO 40.00 X X 2300 0 60000 TIMOTHY L TOMLINSON VP OF ADMINISTRATION 40.00 X 81127 0 28647 LOYD K EWING ACADEMIC DEAN 40.00 X 48529 0 0 M SHANNON SEXTON VP OF OPERATIONS 40.00 X 100038 0 9378 JAMES ZENKER EVP ADMINISTRATION 40.00 X 70609 0 27497 302603 0 125522 1 0 0 0 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICES 1057454 1 894693 2374346 667555 3269039 TUITION AND FEES 611710 5329707 5329707 AUXILIARY ENTERPRISES 611710 2182217 2182217 OTHER INCOME 611710 416760 416760 7928684 19931 19931 322627 223845 98782 98782 11316436 8027466 0 19931 X 1090857 1090857 329462 247096 81542 824 2702299 2026725 668819 6755 352305 264229 87195 881 185654 139241 45949 464 93281 93281 31788 23841 7788 159 34640 19052 15588 599718 479774 119944 38827 25238 13589 131607 131607 478000 382400 95600 693497 421872 271625 115489 69293 46196 FOREGIVENESS OF DEBT 943989 943989 DINING HALL EXPENSES 884042 884042 DORMITORY 306960 306960 CHARITABLE EXPENSES 203608 185716 17892 1382351 947747 420268 14336 10598374 7738971 2818092 41311 129657 135089 1897485 679621 1228758 170000 129568 144420 111505 103526 24317112 8834912 15248350 15482200 137584 160775 342928 1076062 19225835 17951693 98579 124996 326580 286110 8046211 7615002 5716342 4122009 225095 176838 14412807 12324955 X 2556853 5361441 2256175 265297 4813028 5626738 19225835 17951693 X 718062 95648 X X 0 0 0 X 2733568 2247439 2767140 2986023 4163732 14897902 2733568 2247439 2767140 2986023 4163732 14897902 14897902 1573 148 238 7317 19931 29207 14927109 34822764 0.99800 0.99830 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 2511067 2511067 18154192 6183638 11970554 3426322 3426322 225531 2651274 -2425743 15482200 OPEREATING LEASE RIGHT-OF-USE ASSET 176838 OTHER ASSETS 3805 EMPLOYEE RETENTION CREDIT RECEIVABLE 894693 DUE FROM RELATED PARTIES 726 1076062 LEASE LIABILITY 176838 176838 X 10321227 95648 95648 10225579 1090857 1090857 11316436 9731362 223845 223845 9507517 1090857 1090857 10598374 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 CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS THE FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE'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, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN REMAINDER TRUST 23,191. GAIN ON FOREIGN CURRENCY TRANSALTION 72,457. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 1,090,857. PART XII, LINE 2D - OTHER ADJUSTMENTS: COLLEGE BOOKSTORE COST OF GOODS SOLD NETTED AGAINST BOOKSTORE SALES 223,845. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 1,090,857. 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. 1 CASH SCHOLARSHIPS WERE MADE FOR STUDENTS ATTENDING CROWN COLLEGE IN KNOX COUNTY, TENNESSEE. 420 1090857 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 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: CROWN COLLEGE 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. 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 2384999 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 X 1 667555 FMV 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 IX, LINE 24E LAKE TEXOMA: PROGRAM SERVICE EXPENSES 169,976. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,976. ATHLETIC SPECIFIC EXPENSES: PROGRAM SERVICE EXPENSES 129,337. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,337. MUSIC SPECIFIC EXPENSES: PROGRAM SERVICE EXPENSES 108,928. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,928. GIFTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 104,432. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,432. EQUIPMENT: PROGRAM SERVICE EXPENSES 61,677. MANAGEMENT AND GENERAL EXPENSES 41,118. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,795. PASSAGE NORTHWEST: PROGRAM SERVICE EXPENSES 80,746. MANAGEMENT AND GENERAL EXPENSES 20,187. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,933. WEBSITE AND INTERNET: PROGRAM SERVICE EXPENSES 43,834. MANAGEMENT AND GENERAL EXPENSES 43,834. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,668. MISCELLANEOUS EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 78,344. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,344. TBA TUITION DISCOUNTS: PROGRAM SERVICE EXPENSES 78,080. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,080. ENGLAND STUDENTS EXPENSES: PROGRAM SERVICE EXPENSES 74,966. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,966. ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 73,947. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,947. FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 57,342. FUNDRAISING EXPENSES 14,336. TOTAL EXPENSES 71,678. TRADE SCHOOL: PROGRAM SERVICE EXPENSES 68,732. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,732. STUDENT SERVICES: PROGRAM SERVICE EXPENSES 41,135. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,135. ACCREDITATION EXPENSES: PROGRAM SERVICE EXPENSES 28,726. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,726. CONTINUING EDUCATION: PROGRAM SERVICE EXPENSES 26,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,950. GRADUATION: PROGRAM SERVICE EXPENSES 20,225. MANAGEMENT AND GENERAL EXPENSES 1,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,289. TRANSPORTATION: PROGRAM SERVICE EXPENSES 14,435. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,435. FORM 990, PART XI, LINE 9: LOSS ON FOREIGN CURRENCY TRANSLATION 72,457. CHANGE IN REMAINDER TRUST 23,191. 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. THE CROWN PASSAGE NORTHWEST LLC 2307 W BEAVER CREEK DR POWELL TN 37849 621504678 CAMPS AND MINISTRY PRACTICUM TN 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 1 0 1 0 TEMPLE BAPTIST CHURCH C 772000 CASH RECEIVED THE CROWN PASSAGE NORTHWEST LLC P CASH DISBURSED