Davis & Elkins College
- Assets
- $113.6m
- Revenue
- $52.6m
- Investments
- $533.3k
- Employees
- 593
- Location
- Elkins, WV
- Founding
- 03/1954
- Data as of
- 06/2021
- EIN
- 55-0357021
Organization Overview
Davis & Elkins College is located in Elkins, WV. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Davis & Elkins College employed 593 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis & Elkins 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, Davis & Elkins College generated $52.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $33.3m during the year ending 06/2021. While expenses have increased by 1.1% 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
TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD.
Describe the Organization's Program Activity:
EDUCATION - PROVIDE HIGHER EDUCATION TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Chris A Wood President | OfficerTrustee | 37.5 | $232,107 |
Rosemary M Thomas VP For Enrollment Mgt & Inst Adv. | Officer | 37.5 | $138,894 |
Robert J Phillips VP For Academic Affairs | Officer | 37.5 | $123,025 |
Robert O Hardman VP For Business & Administration | Officer | 37.5 | $91,505 |
Scott D Goodard VP For Student Affairs | Officer | 37.5 | $91,025 |
Jamie R Joss Athletic Director | Officer | 37.5 | $80,305 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Management Resources Corp Maintenance | 6/29/21 | $942,995 |
Murray Sheet Metal Co Construction | 6/29/21 | $502,982 |
Cummings Construction Construction | 6/29/21 | $462,197 |
Us Foodservicegreensburg Division Food Supply | 6/29/21 | $483,980 |
Fairfield Construction Inc Construction | 6/29/21 | $431,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,854,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,690,158 |
| Noncash contributions included in lines 1a–1f | $164,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,544,634 |
| Total Program Service Revenue | $25,129,221 |
| Investment income | $921,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,270,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,569,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,454,708 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $880,864 |
| Compensation of current officers, directors, key employees. | $275,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,233,291 |
| Pension plan accruals and contributions | $250,742 |
| Other employee benefits | $1,212,068 |
| Payroll taxes | $512,733 |
| 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 | $231,500 |
| Fees for services: Other | $110,482 |
| Advertising and promotion | $0 |
| Office expenses | $1,632,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,056,912 |
| Travel | $166,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,255,848 |
| Insurance | $0 |
| All other expenses | $120,105 |
| Total functional expenses | $33,263,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,749,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,942,747 |
| Accounts receivable, net | $1,052,516 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,635 |
| Inventories for sale or use | $51,106 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,223,764 |
| Investments—publicly traded securities | $52,787,120 |
| Investments—other securities | $533,265 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,262,766 |
| Total assets | $113,637,613 |
| Accounts payable and accrued expenses | $1,725,125 |
| Grants payable | $0 |
| Deferred revenue | $342,485 |
| 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 | $783,162 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $243,803 |
| Total liabilities | $3,094,575 |
| Net assets without donor restrictions | $40,574,446 |
| Net assets with donor restrictions | $69,968,592 |
| 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 | $113,637,613 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Davis & Elkins College has recieved totaling $5,262.
| Awarding Organization | Amount |
|---|---|
Allen C Nydegger Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,262 |
Endowment Analysis
| Beg. Balance | $45,036,577 |
| Earnings | $14,018,795 |
| Admin Expense | $919,356 |
| Net Contributions | $15,148,149 |
| Other Expense | $932,919 |
| Grants | $931,063 |
| Ending Balance | $71,420,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |