Greensboro College Inc
- Assets
- $51.7m
- Revenue
- $22.9m
- Investments
- $0.0
- Employees
- 497
- Location
- Greensboro, NC
- Founding
- 11/1976
- Data as of
- 06/2020
- EIN
- 56-0532144
Organization Overview
Greensboro College Inc is located in Greensboro, NC. The organization was established in 1976. 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, Greensboro College Inc employed 497 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro 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 06/2020, Greensboro College Inc generated $22.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $22.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AN ACADEMIC AND SOCIAL COMMUNITY THAT UNITES THE LIBERAL ARTS AND JUDEO-CHRISTIAN VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEACHER EDUCATION PROGRAM IS ACCREDITED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION AND THE NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION (NCATE).THE MUSIC PROGRAM IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC.THE ATHLETIC TRAINING PROGRAM IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF ATHLETIC TRAINING EDUCATION.THE BUSINESS PROGRAM IS ACCREDITED BY THE ASSOCIATION OF COLLEGIATE BUSINESS SCHOOLS AND PROGRAMS.ENROLLMENT, FALL 2020TOTAL STUDENTS: 950ON-CAMPUS RESIDENTS: 27.26% (44.65% OF TRADITIONAL UNDERGRADUATES)MALE/FEMALE RATIO: 47%/53%ETHNIC MINORITIES: 59% TOP STATES:-NC - 80% -VA - 4% -FL - 3% -GA - 3%-SC - 2%GREENSBORO COLLEGE STUDENTS COME FROM 28 STATES AND 20 FOREIGN COUNTRIES. ACADEMICS-45 UNDERGRADUATE MAJORS-MASTER OF ARTS DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES, AND THE MASTER OF EDUCATION DEGREE IN BIRTH-KINDERGARTEN EDUCATION, ELEMENTARY EDUCATION, SPECIAL EDUCATION-GENERAL CURRICULUM AND SPECIAL EDUCATION-ADAPTED CURRICULM.-SPECIAL PROGRAMS: ALLIED HEALTH, ATHLETIC TRAINING EDUCATION, CRIMINAL JUSTICE, ETHICS ACROSS THE CURRICULUM, EXECUTIVE BACHELOR'S DEGREE, HONORS PROGRAM, INTERNATIONAL STUDIES, STUDY ABROAD, TEACHER EDUCATION, WOMEN'S AND GENDER STUDIES, WRITING ACROSS THE CURRICULUM-FULL-TIME FACULTY: 42-STUDENT/FACULTY RATIO: 23:1-AVERAGE CLASS SIZE: 10CAMPUS LIFECLUBS AND ORGANIZATIONS: MORE THAN 30 RELIGIOUS LIFE: THE RELIGIOUS LIFE OFFICE IS DEDICATED TO SERVING THE GREENSBORO COLLEGE COMMUNITY'S FAITH AND SPIRITUAL NEEDS. RELIGIOUS LIFE AT GREENSBORO COLLEGE IS ACTIVE ON MANY LEVELS AND IN MANY FORMS INCLUDING THE FOLLOWING:-INTERPERSONAL CONTACTS -COMMUNITY WORSHIP -STUDENT ORGANIZATIONS -YOUTH OUTREACH -PROFESSIONAL AND VOLUNTEER OFF-CAMPUS CONNECTIONSATHLETICS18 INTERCOLLEGIATE MEN'S AND WOMEN'S SPORTS IN NCAA DIVISION III; USA SOUTH CONFERENCEA STRATEGIC PLAN HAS BEEN ADOPTED FOR GREENSBORO COLLEGE. GC2020: "A CLEAR VISION WITH A SHARP FOCUS". VISIT OUR WEBSITE AT WWW.GREENSBORO.EDU TO SEE HOW THIS FIVE YEAR PLAN CAPTURES THE ESSENCE OF HOW WE CONTINUE TO UPHOLD THE TRADITIONS OF OUR UNITED METHODIST AFFILIATION, REMAIN TRUE TO A LIBERAL ARTS EDUCATION AND APPEAL TO INDIVIDUAL LEARNING STYLES THROUGH THE INCORPORATION OF UNIVERSAL DESIGN FOR LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Czarda Lawrence President | Officer | 40 | $228,539 |
Elmore Christopher VP Chief Financial Officer | Officer | 40 | $125,929 |
Hurd Anne VP Chief Advancement Officer | Officer | 40 | $120,757 |
Malotky Daniel VP For Academic Affairs Term Ended Dec 20 | Officer | 40 | $83,956 |
Leslie Paul Sr VP Chief Academic Officer Term Ended July 20 | Officer | 40 | $73,233 |
Daniel Robin Exec Vp, COO Term Ended June 20 | Officer | 40 | $60,697 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssc Service Solutions Facilities & Maintenance | 6/29/21 | $1,765,095 |
Chartwells Food Service | 6/29/21 | $1,011,116 |
Discca Electrical, Hvac | 6/29/21 | $146,056 |
Eab Consultants | 6/29/21 | $328,649 |
Kemco Of Burlington Inc Electrical | 6/29/21 | $111,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,748,280 |
| Investment income | $480,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,107 |
| Net Gain/Loss on Asset Sales | $770,078 |
| Net Income from Fundraising Events | -$1,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,917,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,512,695 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $698,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,381,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $960,343 |
| Payroll taxes | $572,979 |
| Fees for services: Management | $128,813 |
| Fees for services: Legal | $37,612 |
| Fees for services: Accounting | $98,075 |
| 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 | $1,265,895 |
| Information technology | $303,254 |
| Royalties | $0 |
| Occupancy | $2,722,236 |
| Travel | $130,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $519,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049,935 |
| Insurance | $236,158 |
| All other expenses | $0 |
| Total functional expenses | $22,440,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,360,115 |
| Pledges and grants receivable | $44,083 |
| Accounts receivable, net | $307,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,177,228 |
| Inventories for sale or use | $49,880 |
| Prepaid expenses and deferred charges | $176,995 |
| Investments—publicly traded securities | $21,085,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $748,000 |
| Total assets | $51,722,374 |
| Accounts payable and accrued expenses | $1,161,393 |
| Grants payable | $0 |
| Deferred revenue | $19,573 |
| 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 | $16,539,264 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,186,847 |
| Total liabilities | $19,907,077 |
| 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 | $31,815,297 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Greensboro College Inc has recieved totaling $673,182.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $303,641 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $200,000 |
Ross Angel Foundation Greensboro, NC PURPOSE: TO SUPPORT SCHOLARSHIP FUND | $50,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 12 GRANT(S) FOR VARYING PURPOSES | $32,166 |
Usa Triathlon Foundation Colorado Springs, CO PURPOSE: See Part IV | $20,000 |
Usa Triathlon Foundation Colorado Springs, CO PURPOSE: See Part IV | $20,000 |
Endowment Analysis
| Beg. Balance | $23,638,519 |
| Earnings | $6,229,906 |
| Net Contributions | $557,716 |
| Other Expense | $814,499 |
| Ending Balance | $29,611,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guilford College Greensboro, NC | $214,106,962 | $54,557,208 |
Covenant College Inc Lookout Mountain, GA | $98,255,603 | $50,724,767 |
Barton College Wilson, NC | $97,394,035 | $47,073,555 |
Reinhardt University Waleska, GA | $120,947,179 | $50,634,912 |
Milligan University Milligan, TN | $122,087,054 | $57,184,968 |
Erskine College Due West, SC | $80,598,505 | $43,903,518 |
Carson-Newman University Jefferson City, TN | $160,428,637 | $65,286,029 |
Tusculum University Greeneville, TN | $114,694,317 | $47,879,632 |
King University Bristol, TN | $69,555,277 | $42,931,439 |
Warren Wilson College Asheville, NC | $113,155,084 | $40,910,763 |
Shaw University Raleigh, NC | $72,503,111 | $66,988,324 |
Lagrange College Lagrange, GA | $157,918,154 | $43,354,732 |