Spelman College
- Assets
- $822.0m
- Revenue
- $204.4m
- Investments
- $422.3m
- Employees
- 1,025
- Location
- Atlanta, GA
- Founding
- 07/1942
- Data as of
- 06/2022
- EIN
- 58-0566243
Organization Overview
Spelman College is located in Atlanta, GA. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Spelman College employed 1,025 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spelman 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 06/2022, Spelman College generated $204.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $145.6m during the year ending 06/2022. While expenses have increased by 3.6% 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, Spelman College has awarded 26 individual grants totaling $1,286,293. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS.
Describe the Organization's Program Activity:
INSTRUCTION, STUDENT SERVICES, AND ACADEMIC SUPPORT FOUNDED IN 1881, SPELMAN COLLEGE IS A PRIVATE, NONPROFIT INSTITUTION OF HIGHER EDUCATION BASED IN ATLANTA, GEORGIA. THE COLLEGE IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AND PROVIDES QUALITY LIBERAL ARTS EDUCATION AND TRAINING SERVICES FOR APPROXIMATELY 2,100 UNDERGRADUATE STUDENTS. IN ADDITION, THE COLLEGE MAINTAINS SPECIAL PROGRAMS SUCH AS CONTINUING EDUCATION, SUMMER SCIENCE AND DUAL DEGREES IN ENGINEERING. SPELMAN COLLEGE ALSO PROVIDES A DYNAMIC AND INTERACTIVE CAMPUS COMMUNITY WITH A VARIETY OF DIVERSE PROGRAMS AND SERVICES DESIGNED TO ENHANCE THE PERSONAL GROWTH AND DEVELOPMENT OF ITS STUDENTS. ACADEMIC SUPPORT SERVICES INCLUDES DEPARTMENTS THAT PROVIDE TUTORING AND ACADEMIC SUPPORT PROGRAMS. ACADEMIC SUPPORT SERVICES ALSO PARTNERS WITH THE STUDENT SUCCESS PROGRAM, WHICH PROVIDES COURSE SUPPORT FOR STUDENTS TO MASTER COURSE CONTENT AND ULTIMATELY ATTAIN THEIR ACADEMIC GOALS.
PUBLIC SERVICE
AUXILIARY ENTERPRISES AS A RESIDENTIAL LIBERAL ARTS COLLEGE, SPELMAN COLLEGE PROVIDES ON CAMPUS HOUSING FOR APPROXIMATELY 1,400 STUDENTS. SPELMAN ALSO PROVIDES DINING SERVICES TO ITS RESIDENTIAL STUDENTS, AS WELL AS COMMUTER STUDENTS, FACULTY, STAFF AND OTHERS. SPELMAN OPERATES A 500 SPACE PARKING DECK FOR FACULTY, STAFF, AND STUDENTS. ADDITIONALLY, SPELMAN OFFERS A VARIETY OF SUMMER CONFERENCES FOR HIGH SCHOOL STUDENTS AND OTHER INTERESTED STUDENTS.
RESEARCH SPELMAN COLLEGE PERFORMS RESEARCH, TRAINING, AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Co-Chair | OfficerTrustee | 2 | $0 |
Name Not Listed President | OfficerTrustee | 35 | $428,689 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Faculty Representative | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Dining Services Dining Services | 6/29/22 | $4,762,028 |
Siemens Industry Inc Automation Services | 6/29/22 | $1,940,390 |
Aramark Inc Facility Services | 6/29/22 | $1,793,449 |
Chesapeake Asset Management Llc Investment Management | 6/29/22 | $1,186,283 |
Studio Gang Architects Ltd Architectual Services | 6/29/22 | $1,091,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,860,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,356,718 |
| Noncash contributions included in lines 1a–1f | $27,986,328 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,217,107 |
| Total Program Service Revenue | $89,739,828 |
| Investment income | $1,112,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,191,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,393,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,157 |
| Grants and other assistance to domestic individuals. | $22,514,796 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,399 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,857,248 |
| Compensation of current officers, directors, key employees. | $1,950,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,979,044 |
| Pension plan accruals and contributions | $2,272,179 |
| Other employee benefits | $9,094,916 |
| Payroll taxes | $3,124,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $354,163 |
| Fees for services: Accounting | $434,438 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $116,914 |
| Fees for services: Investment Management | $2,257,383 |
| Fees for services: Other | $9,451,273 |
| Advertising and promotion | $0 |
| Office expenses | $4,680,478 |
| Information technology | $1,271,243 |
| Royalties | $0 |
| Occupancy | $3,766,694 |
| Travel | $654,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,002,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,374,218 |
| Insurance | $1,863,248 |
| All other expenses | $16,182,041 |
| Total functional expenses | $145,583,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,868,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,699,787 |
| Accounts receivable, net | $798,126 |
| 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 | $0 |
| Net Land, buildings, and equipment | $161,291,487 |
| Investments—publicly traded securities | $75,425,338 |
| Investments—other securities | $422,319,202 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,549,203 |
| Total assets | $821,952,118 |
| Accounts payable and accrued expenses | $14,181,594 |
| Grants payable | $0 |
| Deferred revenue | $983,603 |
| Tax-exempt bond liabilities | $56,000,498 |
| 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 | $1,475,737 |
| Total liabilities | $72,641,432 |
| Net assets without donor restrictions | $206,934,081 |
| Net assets with donor restrictions | $542,376,605 |
| 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 | $821,952,118 |
Grants Awarded
Over the last fiscal year, Spelman College has awarded $69,507 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR FUTURE INTELLIGENCE PURPOSE: MIXED-METHODS RESEARCH | $18,031 |
GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION PURPOSE: RESEARCH DEVELOPMENT AND DATA ANALYSIS | $6,476 |
PLR CONSULTING PURPOSE: INVESTIGATING EXPERIENCES OF BLACK WOMEN TEACHING COMPUTER SCIENCE | $45,000 |