Hollins University Corporation
- Assets
- $310.0m
- Revenue
- $66.2m
- Investments
- $155.7m
- Employees
- 940
- Location
- Roanoke, VA
- Founding
- 02/1925
- Data as of
- 06/2021
- EIN
- 54-0506314
Organization Overview
Hollins University Corporation is located in Roanoke, VA. The organization was established in 1925. 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, Hollins University Corporation employed 940 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollins University Corporation 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, Hollins University Corporation generated $66.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $55.6m during the year ending 06/2021. While expenses have increased by 1.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PRIVATE, NON-PROFIT UNIVERSITY
Describe the Organization's Program Activity:
HOLLINS UNIVERSITY IS A NONPROFIT INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE, GRADUATE, EXCHANGE, AND ABROAD EDUCATION PROGRAMS. THESE PROGRAMS PREPARE OUR STUDENTS FOR LIVES OF ACTIVE LEARNING AND ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Edmonds Executive Vice President-Coo | Officer | 40 | $247,618 |
Mary Hinton President | OfficerTrustee | 40 | $226,795 |
Suzanne Mink Vice President For External Relations | 40 | $149,937 | |
Nancy Gray Interim President | OfficerTrustee | 40 | $138,540 |
Ashley Browning VP For Enrollment Management | 40 | $126,573 | |
Billy Faires Executive Director, Marketing & Communication | 40 | $126,326 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G&h Contracting Inc Architecture/construction | 6/29/21 | $2,323,036 |
Eab Enrollment Management | 6/29/21 | $553,714 |
Cambridge Associates Llc Investment Management | 6/29/21 | $392,888 |
Coverify Health Llc Covid Testing Services | 6/29/21 | $417,784 |
Meriwether Godsey Inc Food Services | 6/29/21 | $1,677,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,171,216 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,616,062 |
| Noncash contributions included in lines 1a–1f | $2,090,058 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,787,278 |
| Total Program Service Revenue | $35,657,322 |
| Investment income | $188,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,217,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,193,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,641,449 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $891,545 |
| Compensation of current officers, directors, key employees. | $891,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,654,175 |
| Insurance | $0 |
| All other expenses | $2,330,978 |
| Total functional expenses | $55,582,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,980,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,323,182 |
| Accounts receivable, net | $1,820,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $794,574 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $44,657,503 |
| Investments—publicly traded securities | $62,727,534 |
| Investments—other securities | $155,705,980 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,010,589 |
| Accounts payable and accrued expenses | $1,581,508 |
| Grants payable | $0 |
| Deferred revenue | $1,870,953 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $907,914 |
| Total liabilities | $4,360,375 |
| Net assets without donor restrictions | $60,565,227 |
| Net assets with donor restrictions | $245,084,987 |
| 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 | $310,010,589 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Hollins University Corporation has recieved totaling $3,883,047.
| Awarding Organization | Amount |
|---|---|
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: EDUCATION | $2,000,000 |
Cleveland Foundation Cleveland, OH PURPOSE: MAKING AMENDS BY MAKING A DIFFERENCE IN STEM | $1,035,950 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For scholarships in health education, psychology, and nursing. | $262,300 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $250,604 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $109,342 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,442 |
Endowment Analysis
| Beg. Balance | $193,389,959 |
| Earnings | $53,787,412 |
| Admin Expense | $734,361 |
| Net Contributions | $3,171,831 |
| Other Expense | $8,470,865 |
| Grants | $4,306,893 |
| Ending Balance | $236,837,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
University Of Lynchburg Lynchburg, VA | $240,911,893 | $116,895,847 |
Mc Daniel College Inc Westminster, MD | $217,534,229 | $113,872,650 |
Marymount University Arlington, VA | $272,414,108 | $118,614,940 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Meredith College Raleigh, NC | $208,277,395 | $93,593,801 |
Queens University Of Charlotte Charlotte, NC | $172,081,537 | $81,135,661 |
Christian Brothers University Memphis, TN | $107,139,654 | $73,065,264 |
Hood College Of Frederick Md Frederick, MD | $239,172,984 | $86,749,150 |
Lindsey Wilson College Columbia, KY | $105,712,376 | $75,911,897 |
University Of Charleston Charleston, WV | $165,466,364 | $66,493,632 |