The Corporation Of Mercer University
- Assets
- $975.5m
- Revenue
- $444.0m
- Investments
- $234.3m
- Employees
- 4,526
- Location
- Macon, GA
- Founding
- 04/1946
- Data as of
- 06/2021
- EIN
- 58-0566167
Organization Overview
The Corporation Of Mercer University is located in Macon, GA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Corporation Of Mercer University employed 4,526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation Of Mercer University 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, Corporation Of Mercer University generated $444.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $389.3m during the year ending 06/2021. While expenses have increased by 2.1% per year over the past 7 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.
Since 2015, Corporation Of Mercer University has awarded 115 individual grants totaling $16,309,802. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SCHOLARSHIPS:THESE EXPENSES ARE RELATED TO THE SUPPORT PROVIDED TO THE UNIVERSITY'S STUDENTS BASED ON DONOR STIPULATION, NEED, AND MERIT. THE UNIVERSITY PROVIDES SCHOARSHIP AID WITHIN 4 CATEGORIES. MERCER BASED AID SCHOLARSHIPS ARE BASED ON ACADEMIC CREDENTIALS AND THE SCHOLARSHIPS ARE RENEWABLE UP TO 4 YEARS. TALENT BASED AID SCHOLARSHIPS ARE EITHER ATHLETIC SCHOLARSHIPS OR MUSIC SCHOLARSHIPS. NEED BASED AID SCHOLARSHIPS ARE BASED ON ECONOMIC NEED. COMPETITIVE AID SCHOLARSHIPS ARE BASED ON MERIT. OVER 90% OF THE UNIVERSITY'S STUDENTS RECEIVED SCHOLARSHIPS AND DISCOUNTS.
AUXILIARY SERVICES:THE UNIVERSITY'S AUXILIARY SERVICES FACILITATES THE CREATION OF COMMUNITY, EXTENDS THE LEARNING ENVIRONMENT BEYOND THE CLASSROOM, AND ENHANCES THE QUALITY OF CAMPUS LIFE THROUGH THE DELIVERY OF QUALITY GOODS AND SERVICES INCLUDING RESIDENCE, DINING SERVICES, CLINIC OPERATIONS, AS WELL AS ATHLETIC AND RETAIL OPERATIONS FOR OVER 9,000 STUDENTS. AUXILIARY SERVICES MAINTAINS THE BEAR CARD SYSTEM WHICH PROVIDES FOR A VARIETY OF DIFFERENT DINING OPTIONS AND EASIER ACCESS FOR STUDENTS TO PAY FOR THOSE OPTIONS. AUXILIARY SERVICES ALSO PROVIDES MAIL AND DCOUMENT SERVICES AS WELL AS CABLE ACCESS FOR THE UNIVERISTY'S STUDENT RESIDENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Underwood President/professor Of Law | OfficerTrustee | 40 | $463,038 |
Virgil L Adams Trustee | Trustee | 1 | $0 |
Curtis G Anderson Trustee | Trustee | 1 | $0 |
William H Anderson II Trustee | Trustee | 1 | $0 |
G Holmes Bell IV Trustee | Trustee | 1 | $0 |
Thomas P Bishop Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brasfield & Gorrie Llc Construction | 6/29/22 | $12,278,272 |
Mercer Lofts Atlanta Llc Student Housing | 6/29/22 | $4,586,871 |
Orbis Education Services Llc Program Management | 6/29/22 | $4,238,252 |
Aramark Services Inc Food Service | 6/29/22 | $9,639,672 |
Natl Management Resources Corp Facilities Management | 6/29/22 | $3,982,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,188,166 |
| Investment income | $7,513,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $744,464 |
| Net Gain/Loss on Asset Sales | $11,194,623 |
| Net Income from Fundraising Events | -$107,741 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$52,101 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,048,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $94,860,057 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,588,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,414,830 |
| Pension plan accruals and contributions | $7,625,960 |
| Other employee benefits | $25,804,096 |
| Payroll taxes | $8,338,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $614,647 |
| Fees for services: Accounting | $568,031 |
| Fees for services: Lobbying | $5,850 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,926,485 |
| Advertising and promotion | $1,465,631 |
| Office expenses | $12,745,939 |
| Information technology | $5,060,811 |
| Royalties | $23,916 |
| Occupancy | $906,591 |
| Travel | $2,294,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,360,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,035,929 |
| Insurance | $5,206,410 |
| All other expenses | $0 |
| Total functional expenses | $389,289,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,010,347 |
| Pledges and grants receivable | $2,037,552 |
| Accounts receivable, net | $14,506,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,230,008 |
| Inventories for sale or use | $848,869 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $247,547,175 |
| Investments—other securities | $234,329,642 |
| Investments—program-related | $9,418,740 |
| Intangible assets | $0 |
| Other assets | $8,297,943 |
| Total assets | $975,470,567 |
| Accounts payable and accrued expenses | $20,337,608 |
| Grants payable | $0 |
| Deferred revenue | $12,843,189 |
| Tax-exempt bond liabilities | $218,172,834 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $69,034,015 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,951,390 |
| Total liabilities | $346,339,036 |
| 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 | $629,131,531 |
Grants Awarded
Over the last fiscal year, The Corporation Of Mercer University has awarded $152,098 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FORDHAM UNIVERSITY PURPOSE: RESEARCH | $21,344 |
GEORGIA COUNCIL ON SUBSTANCE ABUSE PURPOSE: RESEARCH | $10,604 |
EAST GEORGIA HEALTHCARE CENTER INC PURPOSE: RESEARCH | $120,150 |