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.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 447 of 1104 | 52 of 129 |
| Fund acquisition rating | | 40 of 1105 | 9 of 129 |
| Resource allocation rating | | 948 of 1105 | 106 of 129 |
| Asset utilization rating | | 486 of 1104 | 62 of 129 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 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 | 22% | 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 | 78% | 72% | 74% | 68% | 61% | 71% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 73% | 77% | 78% | 78% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 97% | 96% | 95% | 89% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 72% | 75% | 74% | 69% | 73% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 3% | 4% | 5% | 11% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.53 | 0.50 | 0.51 | 0.54 | 0.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.61 | 5.78 | 12.02 | 14.09 | 4.97 | 4.17 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.40 | 3.05 | 6.05 | 7.25 | 2.70 | 2.06 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.63 | 10.64 | 3.15 | 2.18 | 6.66 | 8.91 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.09 | 0.32 | 0.46 | 0.15 | 0.11 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.37 | 3.56 | 1.35 | 0.90 | 3.78 | 5.16 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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
| Name | Title | Compensation |
| M Shannon Sexton | VP of Operations | $110,559 |
| Timothy L Tomlinson | VP of Administration | $105,434 |
| Charles R Prescott | VP of Finance | $104,766 |
| James Zenker | EVP Administration | $95,550 |
| Clarence G Sexton | President/CEO | $60,000 |
| Loyd K Ewing | Academic 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]