Goldey Beacom College Inc

Organization Overview

Goldey Beacom College Inc is located in Wilmington, DE. The organization was established in 1971. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Goldey Beacom College Inc employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goldey Beacom College Inc 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, Goldey Beacom College Inc generated $32.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $27.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CONFER THE ASSOCIATE, BACCALAUREATE AND GRADUATE DEGREES ON QUALIFIED STUDENTS.

Describe the Organization's Program Activity:

PROGRAMS OF STUDY-DAY AND EVENING ACADEMIC PROGRAMS WHICH PROVIDE TRAINING AND EDUCATION TO 550 FULL-TIME STUDENTS AND 741 PART-TIME STUDENTS. THE COLLEGE IMPLEMENTED A TUITION RESET STARTING IN THE FALL 2021 SEMESTER WHICH REDUCED THE GROSS TUITION CHARGES BY APPROXIMATELY 50% WHEN COMPARED TO THE PRIOR YEAR.


AUXILIARY ENTERPRISES - RESIDENCE HALLS, DINING SERVICE AND RELATED SUMMER PROGRAMS INCLUDING MODERN APARTMENTS LOCATED ADJACENT TO THE ACADEMIC BUILDING PROVIDING HOUSING FOR 255 STUDENTS DURING THE FALL SEMESTER AND 237 STUDENTS DURING THE SPRING SEMESTER. DINING SERVICE FACILITIES AND OTHER RELATED SERVICES AVAILABLE FOR STUDENTS AND SUMMER PROGRAM ATTENDEES. THE CAMPUS STORE SELLS SCHOOL SUPPLIES, COLLEGE APPAREL, AND SMALL MISCELLANEOUS ITEMS TO STUDENTS TO ASSIST IN PROVIDING A COLLEGIATE EXPERIENCE.


SERVICES PROVIDED TO STUDENTS FOR ACTIVITIES, ATHLETICS, AND FINANCIAL AID AND TO SUPPORT DEPARTMENTS OF THE COLLEGE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Edis Company
Construction Management Services
$2,221,549
Metz Culinary Management
Dining Services
$974,761
Ps & L
Marketing Services
$840,785
Healthcare Services Group
Cleaning Services
$409,969
National Hvac Service
Hvac Services
$356,290
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,556,791
All other contributions, gifts, grants, and similar amounts not included above$946,736
Noncash contributions included in lines 1a–1f $31,050
Total Revenue from Contributions, Gifts, Grants & Similar$3,503,527
Total Program Service Revenue$17,205,479
Investment income $5,500,185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,509,953
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,125
Miscellaneous Revenue$0
Total Revenue $32,727,269

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Goldey Beacom College Inc has recieved totaling $49,509.

Awarding OrganizationAmount
A T & Mary H Blades Foundation Inc

Preston, MD

PURPOSE: $10,000 CURRENT SCHOLARSHIPS \ $25,000 ENDOWED SCHOLARSHIPS

$35,000
Central Atlantic Collegiate Conference Inc

New Haven, CT

PURPOSE: To promote athletics within schools.

$12,231
George E Gordy Family Educational Trust Fund

Wilmington, DE

PURPOSE: GENERAL PURPOSE

$2,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$150
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 02/03/21

$100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$28
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$194,950,785
Earnings-$24,625,094
Net Contributions$803,869
Other Expense$7,824,306
Ending Balance$163,305,254

Peer Organizations

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Pittsburgh, PA
$122,379,566
Mount Saint Marys University
Emmitsburg, MD
$126,243,509
Desales University
Center Valley, PA
$127,653,675
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$107,500,197
Moravian University
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$123,053,733
Ursinus College
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$116,678,933
Mc Daniel College Inc
Westminster, MD
$113,872,650
Saint Peters University
Jersey City, NJ
$118,523,321
University Of The Arts
Philadelphia, PA
$110,070,964
Kings College
Wilkesbarre, PA
$118,353,435
Marywood University
Scranton, PA
$100,984,557
Saint Francis University
Loretto, PA
$103,685,117

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