Overview
What is New College Franklin Inc?
New College Franklin Inc., located in Franklin, Tennessee, is a nonprofit organization that provides biblical postsecondary education to students. With a focus under the guidance of Christ, the institution offers a four-year Bachelor's of Arts degree program. Their mission is to shape students through the liberal arts, fostering wisdom and a commitment to mission-driven living. With a team of 15 dedicated individuals, New College Franklin Inc. strives to impart knowledge and values that extend beyond academics.
Official website here: www.newcollegefranklin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the financial practices of New College Franklin Inc, as the overall score is based solely on the Accountability & Finance category.
The nonprofit exhibits strengths, such as having a fully independent board of directors and strong policies in place for conflict of interest and whistleblower protections. The financial audit is conducted appropriately, and there are no reported material diversions of assets. This demonstrates a commitment to governance and ethical management.
However, the charity faces serious limitations, particularly in its financial efficiency and transparency. With a program expense ratio of only 46.75% and poor performance in the liabilities to assets ratio, it raises questions about the effectiveness of its resource allocation. Additionally, the lack of posting its tax form on their website detracts from its overall accountability, contributing to the low score in this evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is New College Franklin Inc legitimate?
New College Franklin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New College Franklin Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $49,117
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,142
For more financial information, click here
Official website here: www.newcollegefranklin.org
What is the mission statement of New College Franklin Inc?
New College Franklin Inc, guided by Christian principles, educates students through a liberal arts curriculum to foster wisdom and a mission-driven lifestyle. The organization's primary objective is to provide biblical post-secondary education, culminating in a four-year Bachelor's of Arts degree program. By imparting knowledge and values, New College Franklin aims to shape students into individuals who can contribute positively to their communities and the world.
Official website here: www.newcollegefranklin.org
Who is the CEO of New College Franklin Inc?
Gregory Wilbur is the Trustee of New College Franklin Inc.
Official website here: www.newcollegefranklin.org
What is the revenue of New College Franklin Inc?
New College Franklin Inc's revenue in 2022 was $515,895.
Official website here: www.newcollegefranklin.org
Who are the executives of New College Franklin Inc and what are their salaries?
The average compensation at New College Franklin Inc during 2022 was $18,884. There are 15 employees and 6 volunteers at New College Franklin Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $35,271
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newcollegefranklin.org
Where can I find the form 990 for New College Franklin Inc?
New College Franklin Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newcollegefranklin.org
Learn more at the official website: www.newcollegefranklin.org
Mission Statement of New College Franklin Inc
New College Franklin, a nonprofit institution, is dedicated to shaping students under the guidance of Christianity. Through its liberal arts program, the organization aims to foster wisdom and inspire a mission-oriented lifestyle among its students. By providing a four-year Bachelor's of Arts degree program, New College Franklin seeks to instill in its students a strong foundation of knowledge and values that will guide them in their personal and professional lives.
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Impact
July, 2024
New College Franklin Inc impacts students by providing a unique educational experience that integrates the liberal arts with a strong emphasis on biblical principles. By discipleship through the liberal arts, students are equipped with wisdom and the tools necessary for living a mission-driven life. This approach fosters a deeper understanding of faith and knowledge, preparing students to engage with the world in a meaningful and purposeful way. Located in Franklin, TN, New College Franklin Inc is dedicated to shaping well-rounded individuals who are prepared to make a difference in their communities and beyond.
This information is meant to be a general summary of New College Franklin Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20
- Program Service Revenue: $374,749
- Gross Receipts: $521,094
Assets and Liabilities:
- Total Assets: $149,226
- Total Liabilities: $8,210
- Net Assets: $141,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$355,555
OTHER PROGRAM INCOME
Revenue
$19,194
Organization Details
Founding Year
2008
Phone
(615) 815-8360Principal Officer
Gregory Wilbur
Main Address
PO BOX 1575, FRANKLIN, TN, 37065
Website
www.newcollegefranklin.orgNTEE Category
Code: B40 - Education
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