Piedmont University Inc
- Assets
- $159.1m
- Revenue
- $56.8m
- Investments
- $0.0
- Employees
- 1,043
- Location
- Demorest, GA
- Founding
- 06/1931
- Data as of
- 06/2021
- EIN
- 58-0566212
Organization Overview
Piedmont University Inc is located in Demorest, GA. 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 06/2021, Piedmont University Inc employed 1,043 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont University 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 06/2021, Piedmont University Inc generated $56.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $56.9m during the year ending 06/2021. While expenses have increased by 2.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES - INSTRUCTIONAL PROGRAMS SUPPORT STUDENTS TO ACHIEVE THEIR BACHELOR'S, MASTER'S, AND DOCTORATE LEVEL OF DEGREES.
STUDENT SERVICES - SERVICES PROVIDED BENEFITING STUDENTS INCLUDING FOOD SERVICE, RESIDENCE HALLS, AND FITNESS CENTER.
OTHER ACTIVITIES - ACTIVITIES IN THE SUPPORT OF THE ORGANIZATION SUCH AS VARIOUS SPORTS AND THEATRE CAMPS, FOUNDATION SUPPORT, AND DEPOSITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Mellichamp President | Officer | 40 | $323,934 |
Brant Wright Sr. VP Of Finance & Administration | Officer | 40 | $204,448 |
Dr Daniel Silber Sr. VP For Academic Affairs | Officer | 40 | $188,788 |
Kenneth Rogers Vp, Advancement | Officer | 40 | $170,316 |
Dr Perry Rettig VP For Enrollment Management | Officer | 40 | $168,112 |
Dr Julia Behr Dean, School Of Nursing & Health Sciences | 40 | $141,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edge 2 Edge Roofing Llc Construction | 6/29/21 | $2,204,315 |
Juneau Consteuction Co Construction | 6/29/21 | $675,984 |
Barnes & Noble Booksellers Llc Student Services | 6/29/21 | $213,582 |
Law Office Of Pat Mckee Llc Legal | 6/29/21 | $269,384 |
Ellucian Lp Technology | 6/29/21 | $171,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,103,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,537,961 |
| Noncash contributions included in lines 1a–1f | $350,160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,641,196 |
| Total Program Service Revenue | $51,816,325 |
| Investment income | $3,053,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,292 |
| Net Rental Income | $151,306 |
| Net Gain/Loss on Asset Sales | -$1,874,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,789,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,644,254 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,241,586 |
| Compensation of current officers, directors, key employees. | $1,005,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,761,528 |
| Pension plan accruals and contributions | $861,477 |
| Other employee benefits | $3,269,715 |
| Payroll taxes | $1,365,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $348,073 |
| Fees for services: Accounting | $74,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $198,735 |
| Fees for services: Other | $4,712,345 |
| Advertising and promotion | $124,081 |
| Office expenses | $1,156,077 |
| Information technology | $1,772,254 |
| Royalties | $0 |
| Occupancy | $2,084,388 |
| Travel | $653,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,722 |
| Interest | $766,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,716,993 |
| Insurance | $51,849 |
| All other expenses | $57,940 |
| Total functional expenses | $56,944,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,171,643 |
| Savings and temporary cash investments | $10,690,106 |
| Pledges and grants receivable | $182,600 |
| Accounts receivable, net | $1,222,174 |
| 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 | $588,178 |
| Net Land, buildings, and equipment | $85,201,731 |
| Investments—publicly traded securities | $50,779,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $106,629 |
| Other assets | $2,176,354 |
| Total assets | $159,118,905 |
| Accounts payable and accrued expenses | $2,203,720 |
| Grants payable | $0 |
| Deferred revenue | $4,339,640 |
| Tax-exempt bond liabilities | $17,709,065 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,125,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $581,837 |
| Total liabilities | $29,959,502 |
| Net assets without donor restrictions | $113,744,169 |
| Net assets with donor restrictions | $15,415,234 |
| 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 | $159,118,905 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Piedmont University Inc has recieved totaling $642,581.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $321,000 |
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $175,000 |
William H Guild Charitable Trust Kansas City, MO PURPOSE: GENERAL OPERATING SUPPORT | $48,989 |
Tr Ui 7 Wo Thomas A Moye Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $38,815 |
Ty Cobb Foundation Fund Ua Dtd 113053 Orlando, FL PURPOSE: SCHOLARSHIP | $12,000 |
Edwin H Bingham Estate Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $11,101 |
Endowment Analysis
| Beg. Balance | $51,579,957 |
| Earnings | $3,315,939 |
| Net Contributions | $538,876 |
| Other Expense | $478,939 |
| Ending Balance | $54,955,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Palm Beach Atlantic University Inc West Palm Beach, FL | $243,912,659 | $119,213,584 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |