Hood College Of Frederick Md

Organization Overview

Hood College Of Frederick Md is located in Frederick, MD. The organization was established in 1937. 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, Hood College Of Frederick MD employed 988 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hood College Of Frederick MD 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 06/2021, Hood College Of Frederick MD generated $86.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $72.8m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT.

Describe the Organization's Program Activity:

HIGHER EDUCATION-FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE 31 MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 19 MASTER'S DEGREES, 2 DOCTORAL PROGRAMS, AND 12 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2020, TOTAL ENROLLMENT WAS 2,074 STUDENTS COMPRISED OF 1,182 UNDERGRADUATE AND 892 STUDENTS SEEKING MASTER'S DEGREES AND CERTIFICATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Whiting-turner Contracting Company
Contractor
$17,592,856
Gilbane Building Company
Contractor
$6,114,044
Aramark Corporation
Facilities Management
$4,000,144
Aramark Dining Services
Food Service
$1,882,929
Eab
Enrollment Management/admissions Consult
$698,335
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $9,167,382
All other contributions, gifts, grants, and similar amounts not included above$10,184,707
Noncash contributions included in lines 1a–1f $2,361,892
Total Revenue from Contributions, Gifts, Grants & Similar$19,352,089
Total Program Service Revenue$61,134,939
Investment income $1,519,188
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,742,934
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $86,749,150

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hood College Of Frederick Md has recieved totaling $34,718.

Awarding OrganizationAmount
The Foundation For Enhancing Communities

Harrisburg, PA

PURPOSE: 2022 DISTRIBUTION

$34,718
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$104,533,967
Earnings$29,176,423
Net Contributions$5,105,644
Other Expense$4,587,487
Ending Balance$134,228,547

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