Remington College
- Assets
- $39.1m
- Revenue
- $36.9m
- Investments
- $0.0
- Employees
- 427
- Location
- Dallas, TX
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-3339369
Organization Overview
Remington College is located in Dallas, TX. The organization was established in 2010. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2023, Remington College employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Remington College 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 12/2023, Remington College generated $36.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $52.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
REMINGTON COLLEGE CONTRIBUTED TO THE PUBLIC GOOD BY PROVIDING RELEVANT, CAREER-FOCUSED EDUCATION THAT HELPED STUDENTS ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND ABILITIES NECESSARY TO OBTAIN POSITIONS IN THEIR CHOSEN CAREER FIELDS. REMINGTON COLLEGE PROVIDED A CARING LEARNING ENVIRONMENT IN WHICH A TECHNICALLY RICH, INTELLECTUALLY STIMULATING, QUALITY EDUCATION WAS DELIVERED BY A DEDICATED FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Tennison Director | Trustee | 5 | $0 |
Kevin Smith Director | Trustee | 5 | $0 |
Archie Cubarrubia Director | Trustee | 5 | $0 |
Doug Gale Director | Trustee | 5 | $0 |
Heather Mciver VP Of Institutional Innova | Officer | 40 | $152,263 |
Todd Zvaigzne VP Of Educational Support/ | Officer | 40 | $165,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Salted Creative Llc Web Developer/maintenance | 12/30/23 | $286,983 |
The Marketing Mint Marketing Services | 12/30/23 | $212,738 |
Ynot Marketing Llc Dialer And Lead Management System | 12/30/23 | $191,662 |
Iontuition Cp Llc Enrollment Support Software Provider | 12/30/23 | $170,997 |
Beadle's Cleaning Services Cleaning Services | 12/30/23 | $107,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $386,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,803 |
| Total Program Service Revenue | $36,470,820 |
| Investment income | $1,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,869,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,063,028 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,734,920 |
| Compensation of current officers, directors, key employees. | $615,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,997,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $850,911 |
| Payroll taxes | $1,417,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,052 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,213,245 |
| Advertising and promotion | $4,134,168 |
| Office expenses | $1,096,339 |
| Information technology | $938,221 |
| Royalties | $0 |
| Occupancy | $4,503,443 |
| Travel | $192,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,161 |
| Interest | $33,290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,204,167 |
| Insurance | $682,509 |
| All other expenses | $666,619 |
| Total functional expenses | $52,217,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,734,401 |
| Savings and temporary cash investments | $605,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,158,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,332 |
| Prepaid expenses and deferred charges | $641,628 |
| Net Land, buildings, and equipment | $3,797,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,832,761 |
| Other assets | $19,317,262 |
| Total assets | $39,089,822 |
| Accounts payable and accrued expenses | $1,545,437 |
| Grants payable | $0 |
| Deferred revenue | $3,040,224 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $35,550,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,063,303 |
| Total liabilities | $53,198,964 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$14,109,142 |
| Total liabilities and net assets/fund balances | $39,089,822 |