Goucher College
- Assets
- $461.8m
- Revenue
- $93.5m
- Investments
- $83.4m
- Employees
- 1,176
- Location
- Baltimore, MD
- Founding
- 09/1931
- Data as of
- 06/2021
- EIN
- 52-0591613
Organization Overview
Goucher College is located in Baltimore, MD. The organization was established in 1931. 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, Goucher College employed 1,176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goucher 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 06/2021, Goucher College generated $93.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $89.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOUCHER COLLEGE PROVIDES AN INNOVATIVE LIBERAL ARTS EDUCATION THAT PREPARES STUDENTS WITH A BROAD, HUMANE PERSPECTIVE FOR A LIFE OF INQUIRY, CREATIVITY, AND CRITICAL AND ANALYTICAL THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDED AN UNDERGRADUATE ARTS AND SCIENCES EDUCATION TO 1,067 STUDENTS. GOUCHER'S ACADEMIC PHILOSOPHY IS FOCUSED ON 3RS: RELATIONSHIPS, RESILIENCE, AND REFLECTION, AND COURSEWORK REFLECTS THE CORE VALUES OF A LIBERAL ARTS EDUCATION: PROFICIENCY IN ENGLISH COMPOSITION AND IN A FOREIGN LANGUAGE, SOLID FOUNDATIONS IN HISTORY, ABSTRACT REASONING, SCIENTIFIC DISCOVERY AND EXPERIMENTATION, PROBLEM-SOLVING, SOCIAL STRUCTURES, AND ENVIRONMENTAL SUSTAINABILITY. A HIGHLIGHT OF GOUCHER'S UNIQUE LIBERAL ARTS CURRICULUM IS THE REQUIREMENT THAT ALL UNDERGRADUATES MUST STUDY ABROAD AT LEAST ONCE BEFORE GRADUATION, MAKING THE COLLEGE AMONG THE FIRST IN THE NATION TO MAKE SUCH A BOLD MOVE IN GLOBALIZED EDUCATION. GOUCHER STRIVES TO EDUCATE THE WHOLE STUDENT AND PROMOTES A BROAD EDUCATION OVER NARROW CAREER TRAINING. THIS GIVES GRADUATES A WIDE RANGE OF PROFESSIONAL OPTIONS AND INCREASED ABILITY TO TAKE ADVANTAGE OF NEW OPPORTUNITIES IN DEVELOPING FIELDS-AND EVEN THE CAPABILITY TO CHANGE CAREERS. GOUCHER STUDENTS MASTER A RANGE OF KNOWLEDGE, INCLUDING THE COMMUNICATION, CRITICAL THINKING, AND QUANTITATIVE REASONING SKILLS THAT U.S. EMPLOYERS OVERWHELMINGLY SAY THEY WANT JOB CANDIDATES TO HAVE.
THE COLLEGE PROVIDED A GRADUATE EDUCATION TO 860 STUDENTS. THE WELCH CENTER FOR GRADUATE AND PROFESSIONAL STUDIES OFFERS A DIVERSE RANGE OF ACADEMIC PROGRAMS, INCLUDING: MASTER OF ARTS AND MASTER OF FINE ARTS DEGREES IN AREAS SUCH AS EDUCATION, TEACHING, HISTORIC PRESERVATION, ARTS ADMINISTRATION, CULTURAL SUSTAINABILITY, DIGITAL ARTS, NONFICTION, MANAGEMENT, AND ENVIRONMENTAL SUSTAINABILITY, PLUS A POST-BACCALAUREATE PREMEDICAL PROGRAM. THESE PROGRAMS ARE LED BY INDUSTRY LEADERS WHO HELP STUDENTS STRENGTHEN THEIR SKILLS, ADD TO THEIR KNOWLEDGE BASE, AND CREATE PROFESSIONAL OPPORTUNITIES WHEREVER THEIR PASSIONS LEAD.
THE COLLEGE PROVIDED CREDIT AND NON-CREDIT CONTINUING STUDIES COURSE WORK FOR 484 PARTICIPANTS. GOUCHER IS HOME TO THE COLLEGE BOARD'S ADVANCED PLACEMENT (AP) SUMMER INSTITUTE, TRAINING TEACHERS IN AP COURSES FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE ADVANCED PLACEMENT SUMMER INSTITUTE ALLOWS TEACHERS TO EARN GRADUATE CREDIT WHILE GAINING COLLEGE BOARD-CERTIFIED PREPARATION IN MOST SUBJECT AREAS OFFERED THROUGH AP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Devereaux President | OfficerTrustee | 40 | $392,783 |
Michele Y Ewing VP For Advancement | Officer | 40 | $237,181 |
Elaine Meyer-Lee Provost | Officer | 40 | $236,277 |
Jonathan Lindsay VP For Enrollment Management | Officer | 40 | $213,488 |
Erik Thompson VP For Campus Operations | Officer | 40 | $194,520 |
Aarika Camp Vice President Of Student Affairs | Officer | 40 | $176,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Inc Educational Consultant | 6/29/22 | $653,974 |
Bon Appetit Management Co Food Service Provider | 6/29/22 | $4,158,632 |
Incline Alchemy Inc Management Information System Consultant | 6/29/22 | $952,000 |
Investigative Consulting & Services Inc Security | 6/29/22 | $788,924 |
Educators Advancement Group Inc Dba K-12 Teachers Alliance Program | 6/29/22 | $643,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,481,871 |
| Investment income | $1,374,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$94,172 |
| Net Gain/Loss on Asset Sales | $8,558,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,532,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $31,355,534 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $734,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,254,853 |
| Pension plan accruals and contributions | $71,578 |
| Other employee benefits | $3,158,101 |
| Payroll taxes | $1,949,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $352,259 |
| Fees for services: Accounting | $133,077 |
| Fees for services: Lobbying | $16,555 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $904,119 |
| Fees for services: Other | $3,234,564 |
| Advertising and promotion | $239,538 |
| Office expenses | $2,135,168 |
| Information technology | $1,664,711 |
| Royalties | $0 |
| Occupancy | $2,772,589 |
| Travel | $37,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,937 |
| Interest | $3,840,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,895,734 |
| Insurance | $586,057 |
| All other expenses | $0 |
| Total functional expenses | $89,639,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,040,477 |
| Savings and temporary cash investments | $1,199,593 |
| Pledges and grants receivable | $1,029,558 |
| Accounts receivable, net | $5,744,378 |
| 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 | $1,860,508 |
| Investments—publicly traded securities | $174,769,840 |
| Investments—other securities | $83,364,294 |
| Investments—program-related | $3,548,561 |
| Intangible assets | $0 |
| Other assets | $7,391,255 |
| Total assets | $461,840,721 |
| Accounts payable and accrued expenses | $7,856,409 |
| Grants payable | $0 |
| Deferred revenue | $3,500,807 |
| Tax-exempt bond liabilities | $103,030,378 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,635,505 |
| Total liabilities | $130,023,099 |
| 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 |
| Total liabilities and net assets/fund balances | $331,817,622 |