Goddard College Corporation
- Assets
- $9.3m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 162
- Location
- Plainfield, VT
- Founding
- 01/1940
- Data as of
- 06/2022
- EIN
- 03-0179419
Organization Overview
Goddard College Corporation is located in Plainfield, VT. The organization was established in 1940. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Goddard College Corporation employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goddard College Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Goddard College Corporation generated $8.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE CULTURES OF RIGOROUS INQUIRY, COLLABORATION, AND LIFELONG LEARNING, WHERE INDIVIDUALS TAKE IMAGINATIVE AND RESPONSIBLE ACTION IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE EXPENSES REPRESENT THE COSTS OF PROVIDING A COLLEGE LEVEL EDUCATION TO THE STUDENTS ENROLLED AT THE COLLEGE.AT GODDARD YOU WILL ENCOUNTER A UNIQUE LEARNING ENVIRONMENT: YOU WILL BE ENCOURAGED TO PURSUE YOUR PASSIONS AND BE SUPPORTED BY EXPERT FACULTY AND DEDICATED STAFF. YOU WILL COMPLETE A BACHELOR'S OR A MASTER'S DEGREE WITH AN INDIVIDUALIZED PROGRAM OF STUDY THAT INTEGRATES PERSONAL INTERESTS, PROFESSIONAL COMMITMENTS, AND CREATIVE ASPIRATIONS.GODDARD PROGRAMS ENGAGE STUDENTS IN LEARNING THAT IS PERSONALLY MEANINGFUL AND SOCIALLY RESPONSIVE. EACH PERSON WHO COMES TO GODDARD COLLEGE ENTERS A COLLABORATIVE COMMUNITY THAT IS COMMITTED TO ACHIEVING ACADEMIC EXCELLENCE, DEEPENING INTELLECTUAL CURIOUSITY AND DEVELOPING THE SKILLS NEEDED TO PROMOTE SOCIAL JUSTICE.GODDARD IS NATIONALLY AND INTERNATIONALLY RECOGNIZED FOR ITS LEADERSHIP IN EDUCATIONAL INNOVATION, ITS DEEP COMMITMENT TO THE IDEALS OF DEMOCRACY AND FOR ITS ACTIVE EFFORTS TO LIVE CONSCIOUSLY AS STEWARDS OF THE EARTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Holliday Jr Trustee | Trustee | 1 | $0 |
Nicolette Stosur-Bassett Trustee | Trustee | 1 | $0 |
Gloria Willingham-Toure Trustee | Trustee | 1 | $0 |
Renee Almatierra Trustee | Trustee | 1 | $48,768 |
Cameron Michalak Trustee (until May '22) | Trustee | 1 | $0 |
Bernie Luskin PHD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Advertising | 6/29/20 | $153,164 |
Ford Worden State Park Food & Lodging | 6/29/20 | $117,671 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,683,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,865,928 |
| Total Program Service Revenue | $6,983,462 |
| Investment income | $28,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,877,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $255,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $501,958 |
| Compensation of current officers, directors, key employees. | $349,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,847,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $534,858 |
| Payroll taxes | $309,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,630 |
| Fees for services: Accounting | $41,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $697,493 |
| Advertising and promotion | $273,748 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,004 |
| Travel | $75,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,601 |
| Insurance | $132,010 |
| All other expenses | $28,544 |
| Total functional expenses | $8,750,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,034,424 |
| Savings and temporary cash investments | $1,127,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $192,610 |
| Inventories for sale or use | $9,834 |
| Prepaid expenses and deferred charges | $183,848 |
| Net Land, buildings, and equipment | $4,598,903 |
| Investments—publicly traded securities | $964,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,329,154 |
| Accounts payable and accrued expenses | $206,573 |
| Grants payable | $0 |
| Deferred revenue | $526,723 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,999,080 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173,743 |
| Total liabilities | $2,906,119 |
| Net assets without donor restrictions | $5,132,815 |
| Net assets with donor restrictions | $1,290,220 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,329,154 |