Crown College

The information on this page was last updated 4/14/2023. If you see errors or omissions, please email: [email protected]


Summary

Since 1991, we have been training men and women to follow the Lord Jesus Christ. The burden of my heart is to enlist people in the cause of Christ, to train and equip them to continue in "the heritage of the servants of the LORD."

Our name, "Crown College," is a constant reminder of our purpose. God's Word says in Romans 14:12, "Every one of us shall give account of himself to God." We have no cause of our own-when we truly follow the Lord Jesus Christ, His purpose will become our purpose.

We are seeking to provide a Christ-centered breadth and depth to education. Please pray for the work of Crown College. May God bless you as you seek to "take the high road" in life.


Contact information

Mailing address:
Crown College
2307 W. Beaver Creek
Drive Powell, TN 37849

Website: thecrowncollege.edu

Phone: (865) 938-8186

Email: [email protected]


Organization details

EIN: 621504678

CEO/President: Clarence G. Sexton

Chairman: John Stancil

Board size: 11

Founder: Clarence G. Sexton

Ruling year: 1992

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

The Crown College of the Bible provides an effective learning environment, support services, staff, and faculty to enable students to:

- Develop an understanding of the Word of God and make the Scriptures the foundation of their lives.

- Recognize the value of our Christian heritage and live as true followers of the Lord Jesus Christ.

- Learn to think critically and biblically in reading, researching, speaking, and writing.

- Advance the work of Jesus Christ, using the abilities and opportunities God has given them to proclaim the gospel and to train others.


Mission statement

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 fulfill 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. This mission continues as our graduates "teach others also".


Statement of faith

The Scriptures

We believe the Holy Scriptures of the Old and New Testaments to be the Bible, "as it is in truth, the Word of God..." (I Thessalonians 2:13). We believe in verbal, plenary inspiration in the original writings, and God's preservation of His pure words to every generation (II Timothy 3:16, Psalms 12:6-8). We believe that the Scriptures are inerrant, infallible, and God-breathed.The Masoretic Text of the Old Testament and the Received Text of the New Testament (Textus Receptus) are those texts of the original languages we use; the Authorized King James Version of the Bible is the English version we use in the English-speaking world. The Bible is our sole and final authority for faith and practice.

The Godhead We believe in one Triune God, eternally existing in three persons-Father, Son, and Holy Spirit, co-eternal in being, co-identical in nature, co-equal in power and glory, and having the same attributes and perfections (Deuteronomy 6:4; II Corinthians 13:14). We believe that God created the entire universe in six literal, twenty-four-hour days (Genesis 1:1-27).

The Person and Work of Christ We believe that the Lord Jesus Christ, the eternal Son of God, became man, without ceasing to be God, having been conceived by the Holy Spirit and born of the virgin Mary, in order that He might reveal God and redeem sinful men (John 1:1-2, 14; Luke 1:35; Isaiah 9:6; 7:14; Philippians 2:5-8; Galatians 4:4-5).We believe that the Lord Jesus Christ accomplished our redemption through His finished work on the cross as a representative, vicarious, substitutionary sacrifice; and that our justification is made sure by His literal, physical resurrection from the dead (Romans 3:24-25; I Peter 2:24; Ephesians 1:7; I Peter 1:3-5).We believe that the Lord Jesus Christ was raised bodily and that He ascended to Heaven and is now exalted at the right hand of God, where, as our High Priest, He fulfills the ministry of Representative, Intercessor, and Advocate (Acts 1:9-10; Hebrews 9:24, 7:25; Romans 8:34; I John 2:1-2)

The Person and Work of the Holy Spirit We believe that the Holy Spirit is the Person who reproves the world of sin, of righteousness, and of judgment; and that He is the Supernatural Agent in regeneration, indwelling all believers and sealing them unto the day of redemption (John 16:8-11; II Corinthians 3:6; Romans 8:9; Ephesians 1:13-14). We believe that the sign gifts of the Holy Spirit, such as speaking in tongues and the gift of healing, were temporary. We believe that speaking in tongues was never the common or necessary sign of the baptism or filling of the Holy Spirit and that ultimate deliverance of the body from sickness or death awaits the consummation of our salvation in the resurrection, though God frequently chooses to answer the prayer of believers for physical healing. (II Corinthians 12:12; I Corinthians 13:8; Hebrews 2:3-4; Mark 16:17-20; I Corinthians 1:22,14:21-22).

Satan We believe in the reality of the person of Satan and that he and the fallen angels wage a spiritual warfare against the plan and purposes of God (John 13:2; Acts 5:3; Ephesians 6:11-12). We believe that Satan is a created angelic being who rebelled and who tempted man to join him in rebellion against God (Isaiah 14:12-17; Ezekiel 28:11-19; Genesis 3:1-5). We believe his power is supernatural, yet limited; and that he cannot act without the permission of God (Job 1:6-12; I John 4:4). Satan's eternal end is everlasting torment in the Lake of Fire (Revelation 20:10).

Man We believe that man was created in the image and likeness of God, but that in Adam's sin the race fell, inherited a sinful nature, and became alienated from God; and therefore man is totally depraved, and, of himself, utterly unable to remedy his lost condition (Genesis 1:26- 27; Romans 3:22-23; Ephesians 2:1-3,12). The sacredness of human personality is evident in that God created man in His own image and is mindful of him, and in that Christ died for man; therefore every individual possesses dignity and is worthy of respect and Christian love. (Psalm 8:4-9; Colossians 3:9-11).

We believe that the only marriage recognized by Scripture is the joining of one man and one woman. (Genesis 2:24; Romans 7:2; 1 Corinthians 7:10; Ephesians 5:22-23) We believe that God expressly forbids intimate sexual activity be engaged in outside of a marriage between one man and one woman. We believe that any form of homosexuality, lesbianism, bisexuality, bestiality, incest, fornication, adultery, and pornography are perversions of God's intended purposes and therefore, sin. We believe that God forbids any attempt to alter one's God-given sex by any means, including surgery or appearance. (Genesis 2:24; Genesis 19:5, 13; Genesis 26:8-9; Leviticus 18:1-30; Romans 1:26-29; 1 Corinthians 5:1, 6:9; 1 Thessalonians 4:1-8; Hebrews 13:4)

The Way of Salvation We believe that the clear message of salvation is "repentance toward God and faith toward our Lord Jesus Christ" (Acts 20:21). We believe that salvation is "by grace" plus nothing minus nothing. We believe that Jesus Christ died for every man, and that each individual chooses to accept or reject the grace of God (Hebrews 2:9; I John 2:2). We believe that men are justified by faith alone and are accounted righteous before God only through the merit of our Lord and Saviour Jesus Christ. (Ephesians 2:8-10; John 1:12; I Peter 1:18-19)We believe that all the redeemed, once saved are kept by God's power and are thus secure in Christ forever. We believe that eternal life is the present possession of every believer (John 6:37-40, 10:27-30; Romans 8:1, 38-39; I Corinthians 1:4-8; I Peter 1:4-5; Jude 1, 2).

The Church We believe that the New Testament church is a local assembly of baptized believers who have voluntarily joined themselves together to carry out the Great Commission. The Lord is doing His work in this world through local churches. The establishment and continuance of local churches is clearly taught and defined in the New Testament Scriptures (Acts 14:27; 20:17, 28-32; I Timothy 3:1-13; Titus 1:5-11). We believe in the autonomy of the local church free of any external authority or control. Christ is the only head of the church (Acts 13:1-4, 15:19-31, 20:28; Romans 16:1, 4; I Corinthians 3:9,16; 5:4-7,13; I Peter 5:1-4).We recognize the ordinances of baptism by immersion in water and the Lord's Supper as a Scriptural means of testimony for local churches in this age (Matthew. 28:19-20; Acts 2:41-42, 18:18; I Corinthians 11:23-26).

Biblical Separation We believe that all the saved should live in such a manner as not to bring reproach upon their Savior and Lord; and, that separation from all religious apostasy, all worldly and sinful pleasures, practices and associations is commanded of God (II Timothy 3:1-5; Romans 12:1, 2, 14:13; I John 2:15-17; II John 9-11; II Corinthians 6:14-7:1).

The Return of Christ We believe the "Blessed Hope" of our Lord's return is literal, personal, visible, imminent, premillennial, and pretribulational. Believers will be caught up to be with the Lord prior to the seven years of tribulation, and at the end of the tribulation Christ will return with His saints to establish His thousand-year reign on the earth (I Thessalonians 4:13-18; Titus 2:13; I Thessalonians 1:10; Revelation 3:10; Zechariah 14:4-11; Revelation 19:11-16, 20:1-6; Psalm 89:3-4).

Our Eternal State We believe in the bodily resurrection of all men, the saved to eternal life, and the unsaved to judgment and everlasting punishment (Matthew 25:46; John 5:28, 29, 11:25-26; Revelation 20:5-6, 12-13).We believe that the souls of the redeemed are, at death, absent from the body and present with the Lord, where in conscious bliss they await the first resurrection, when spirit, soul, and body are reunited to be glorified forever with the Lord (Luke 23:43; Revelation 20:4-6; II Corinthians 5:8; Philippians 1:23, 3:21; I Thessalonians 4:16-17).We believe that the souls of unbelievers remain, after death, in conscious misery until the second resurrection, when with soul and body reunited they shall appear at the Great White Throne Judgment, and shall be cast into the Lake of Fire, not to be annihilated, but to suffer everlasting, conscious punishment (Luke 16:19-26; Matthew 25:41-46; II Thessalonians 1:7-9; Jude 6-7; Mark 9:43-48; Revelation 20:11-15).

The Statement of Faith does not exhaust the extent of our faith. The Bible itself is the sole and final source of all we believe. We do believe, however, that the preceding Statement of Faith accurately represents the teachings of the Scriptures.

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating455 of 111053 of 129
Fund acquisition rating28 of 11118 of 129
Resource allocation rating974 of 1111107 of 129
Asset utilization rating491 of 111063 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%1%1%1%1%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%28%26%32%39%29%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%0%0%0%0%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%72%74%68%61%71%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%73%77%78%78%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%97%96%95%89%95%
Program output ratio Program output ratio =
Program services /
Total revenue
80%72%75%74%69%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%3%4%5%11%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%6%8%12%30%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%26%22%22%22%22%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.530.500.510.540.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.695.7812.0214.094.974.17
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.443.056.057.252.702.06
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2310.643.152.186.668.91
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.090.320.460.150.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.293.561.350.903.785.16
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%78%76%79%77%85%
Debt ratio Debt ratio =
Debt /
Total assets
11%77%73%76%74%82%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%41%47%40%42%30%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,874,939$330,110$182,277$941,824$1,781,911
Receivables, inventories, prepaids$1,320,941$1,048,180$939,555$2,183,117$1,721,296
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,195,880$1,378,290$1,121,832$3,124,941$3,503,207
Long-term investments$122,167$226,016$101,271$0$0
Fixed assets$15,150,562$14,919,556$14,505,729$12,280,394$10,865,453
Other long-term assets$62$39,303$79,303$119,303$233,495
Total long-term assets$15,272,791$15,184,875$14,686,303$12,399,697$11,098,948
Total assets$18,468,671$16,563,165$15,808,135$15,524,638$14,602,155
 
Liabilities20222021202020192018
Payables and accrued expenses$52,252$216,231$219,019$219,186$163,402
Other current liabilities$248,248$221,511$295,606$250,028$229,646
Total current liabilities$300,500$437,742$514,625$469,214$393,048
Debt$14,176,259$12,166,428$12,037,945$11,538,987$11,924,368
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,885$1,635$0$0$94,032
Total long-term liabilities$14,181,144$12,168,063$12,037,945$11,538,987$12,018,400
Total liabilities$14,481,644$12,605,805$12,552,570$12,008,201$12,411,448
 
Net assets20222021202020192018
Without donor restrictions$2,292,238$3,025,604$2,464,383$1,119,223$552,074
With donor restrictions$1,694,789$931,756$791,182$2,397,214$1,638,633
Net assets$3,987,027$3,957,360$3,255,565$3,516,437$2,190,707
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$2,767,140$2,247,439$2,733,568$3,707,286$2,209,019
Program service revenue$7,163,144$6,402,594$5,804,551$5,751,717$5,380,270
Membership dues$0$0$0$0$0
Investment income$238$148$1,573$14,625$5,547
Other revenue$86,773$0$0$0$0
Total other revenue$7,250,155$6,402,742$5,806,124$5,766,342$5,385,817
Total revenue$10,017,295$8,650,181$8,539,692$9,473,628$7,594,836
 
Expenses20222021202020192018
Program services$7,166,348$6,447,331$6,349,673$6,544,241$5,563,698
Management and general$2,564,487$1,856,810$1,757,569$1,852,855$1,617,304
Fundraising$31,344$31,428$31,528$29,426$50,507
Total expenses$9,762,179$8,335,569$8,138,770$8,426,522$7,231,509
 
Change in net assets20222021202020192018
Surplus (deficit)$255,116$314,612$400,922$1,047,106$363,327
Other changes in net assets$0$0$0$0$0
Total change in net assets$255,116$314,612$400,922$1,047,106$363,327

Compensation

NameTitleCompensation
M Shannon SextonVP of Operations$110,559
Timothy L TomlinsonVP of Administration$105,434
Charles R PrescottVP of Finance$104,766
James ZenkerEVP Administration$95,550
Clarence G SextonPresident/CEO$60,000
Loyd K EwingAcademic Dean$48,935

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/14/2023. To update the information below, please email: [email protected]


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