Simmons College Of Kentucky Inc
- Assets
- $11.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Louisville, KY
- Founding
- 09/2007
- Data as of
- 06/2021
- EIN
- 20-5289168
Organization Overview
Simmons College Of Kentucky Inc is located in Louisville, KY. The organization was established in 2007. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Simmons College Of Kentucky Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simmons College Of Kentucky Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SIMMONS COLLEGE OF KENTUCKY IS AN INSTITUTION OF BIBLICAL HIGHER EDUCATION DEDICATED TO EDUCATING PEOPLE IN THE URBAN CONTEXT THROUGH STRONG ACADEMIC AND PROFESSIONAL PROGRAMS IN ORDER THAT THEY MAY BECOME PRODUCTIVE CITIZENS AND AGENTS OF CHANGE IN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC AFFAIRS - INSTRUCTION AND COURSE OFFERINGS IN FIVE BACCALAUREATE MAJORS: BUSINESS, SOCIOLOGY, COMMUNICATIONS, MUSIC, AND RELIGIOUS STUDIES, ALONG WITH TWO ASSOCIATE DEGREE PROGRAMS: GENERAL STUDIES AND RELIGIOUS STUDIES. INCLUDES ACADEMIC SUPPORT SERVICES SUCH AS LIBRARY, FACULTY DEVELOPMENT, TECHNOLOGY, AND TUDORING.
STUDENT AFFAIRS: THE COLLEGE PROVIDES MULTIPLE SUPPORT SERVICES FOR ENROLLED STUDENTS, INCLUDING COUNSELING, COACHING, AND ADVISING TO PROMOTE STUDENT PERSISTENCE AND ACHIEVEMENT IN THEIR EDUCATIONAL GOALS; STUDENT ACTIVITIES TO PROMOTE ENGAGEMENT WITH THE COLLEGE COMMUNITY, INCLUDING ATHLETICS PROGRAMS, MARCHING BAND, STUDENT GOVERNMENT, AND CO-CURRICULAR ACTIVITIES, AS WELL AS CAREER DEVELOPMENT SERVICES.
ENROLLMENT MANAGEMENT: INCLUDES ADMISSIONS, REGISTRAR FUNCTIONS, STUDENT SUCCESS COACHING, FINANCIAL AID AND SCHOLARSHIP PROGRAMS.
ACADEMIC AFFAIRS - INSTRUCTION AND COURSE OFFERINGS IN FIVE BACCALAUREATE MAJORS: BUSINESS, SOCIOLOGY, COMMUNICATIONS, MUSIC, AND RELIGIOUS STUDIES, ALONG WITH TWO ASSOCIATE DEGREE PROGRAMS: GENERAL STUDIES AND RELIGIOUS STUDIES. INCLUDES ACADEMIC SUPPORT SERVICES SUCH AS LIBRARY, FACULTY DEVELOPMENT, TECHNOLOGY, AND TUDORING.
STUDENT AFFAIRS: THE COLLEGE PROVIDES MULTIPLE SUPPORT SERVICES FOR ENROLLED STUDENTS, INCLUDING COUNSELING, COACHING, AND ADVISING TO PROMOTE STUDENT PERSISTENCE AND ACHIEVEMENT IN THEIR EDUCATIONAL GOALS; STUDENT ACTIVITIES TO PROMOTE ENGAGEMENT WITH THE COLLEGE COMMUNITY, INCLUDING ATHLETICS PROGRAMS, MARCHING BAND, STUDENT GOVERNMENT, AND CO-CURRICULAR ACTIVITIES, AS WELL AS CAREER DEVELOPMENT SERVICES.
ENROLLMENT MANAGEMENT: INCLUDES ADMISSIONS, REGISTRAR FUNCTIONS, STUDENT SUCCESS COACHING, FINANCIAL AID AND SCHOLARSHIP PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Cosby President | Officer | 40 | $75,000 |
Barbara Young Provost | Officer | 40 | $70,000 |
Dr Frank Smith COO | Officer | 40 | $55,917 |
Alice Houston Trustee | Trustee | 1 | $0 |
Dr Alma J Pittman Vice Chair | Trustee | 2 | $0 |
Audwin Helton Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,486,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,575,282 |
| Noncash contributions included in lines 1a–1f | $40,097 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,062,160 |
| Total Program Service Revenue | $853,480 |
| Investment income | $1,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $177,560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,025 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,273,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $559,293 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,750 |
| Compensation of current officers, directors, key employees. | $208,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,087,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,696 |
| Payroll taxes | $174,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,525 |
| Advertising and promotion | $24,736 |
| Office expenses | $42,509 |
| Information technology | $274,467 |
| Royalties | $0 |
| Occupancy | $471,157 |
| Travel | $6,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,253 |
| Insurance | $61,124 |
| All other expenses | $72,073 |
| Total functional expenses | $4,608,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,791,380 |
| Savings and temporary cash investments | $1,977,083 |
| Pledges and grants receivable | $25,500 |
| Accounts receivable, net | $58,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,256,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,109,137 |
| Accounts payable and accrued expenses | $96,874 |
| Grants payable | $0 |
| Deferred revenue | $437 |
| 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 | $1,278,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,376,307 |
| Net assets without donor restrictions | $6,474,189 |
| Net assets with donor restrictions | $3,258,641 |
| 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 | $11,109,137 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Simmons College Of Kentucky Inc has recieved totaling $1,881,956.
| Awarding Organization | Amount |
|---|---|
Yum Brands Foundation Inc Louisville, KY PURPOSE: UNRESTRICTED CONTRIBUTIONS TO 501(C)(3) | $450,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $250,000 |
Gheens Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATIONS | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $250,000 |
Tech Alabama Birmingham, AL PURPOSE: PROGRAM SUPPORT | $200,000 |
Eula Mae And John Baugh Foundation Jersey Village, TX PURPOSE: OPERATING | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |