Andrew College
- Assets
- $29.7m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 194
- Location
- Cuthbert, GA
- Founding
- 12/1942
- Data as of
- 06/2022
- EIN
- 58-0568687
Organization Overview
Andrew College is located in Cuthbert, GA. The organization was established in 1942. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Andrew College employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrew 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, Andrew College generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.9m during the year ending 06/2022. While expenses have increased by 1.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANDREW COLLEGE PROVIDES A HIGH QUALITY RESIDENTIAL AND NON-RESIDENTIAL EDUCATION. THE AVERAGE NUMBER OF STUDENTS ENROLLED IN OUR TWO YEAR PROGRAM IS 300. ACADEMIC & NEED-BASED SCHOLARSHIPS ARE GIVEN TO APPROXIMATELY 90% OF OUR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Buchanan President | Officer | 50 | $119,558 |
Karan Berryman-Pittman Academic Dean | Officer | 40 | $86,635 |
Spencer Sealy Vice President For Advance | Officer | 40 | $86,174 |
Julie Cadle Chief Financial Officer | Officer | 40 | $79,527 |
Andy Geeter Director Of Enrollment | Officer | 40 | $62,377 |
James Mccoy Dean Of Student Affairs | Officer | 40 | $48,390 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services | 6/29/22 | $751,724 |
National Management Janitorial Services | 6/29/22 | $482,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,519,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,537,663 |
| Noncash contributions included in lines 1a–1f | $320,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,057,409 |
| Total Program Service Revenue | $6,023,382 |
| Investment income | $140,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $401,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $699 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,623,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,090,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $524,000 |
| Compensation of current officers, directors, key employees. | $438,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,861,409 |
| Pension plan accruals and contributions | $71,925 |
| Other employee benefits | $92,159 |
| Payroll taxes | $253,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,696 |
| Fees for services: Accounting | $43,306 |
| 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 | $1,545,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $102,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,792 |
| Interest | $318,567 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $707,576 |
| Insurance | $27,893 |
| All other expenses | $64,898 |
| Total functional expenses | $10,864,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,076,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $210,385 |
| Accounts receivable, net | $79,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,531 |
| Prepaid expenses and deferred charges | $82,159 |
| Net Land, buildings, and equipment | $17,992,172 |
| Investments—publicly traded securities | $8,913,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $354,557 |
| Other assets | $0 |
| Total assets | $29,741,190 |
| Accounts payable and accrued expenses | $334,671 |
| Grants payable | $0 |
| Deferred revenue | $91,642 |
| 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 | $10,389,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,136 |
| Total liabilities | $10,898,435 |
| Net assets without donor restrictions | $10,817,212 |
| Net assets with donor restrictions | $8,025,543 |
| 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 | $29,741,190 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Andrew College has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Aderhold Family Foundation Brookhaven, GA PURPOSE: GENERAL PURPOSE | $95,000 |
Endowment Analysis
| Beg. Balance | $9,881,145 |
| Earnings | -$1,315,639 |
| Net Contributions | $1,313,944 |
| Grants | $975,014 |
| Ending Balance | $8,904,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
College Of Central Florida Foundation Inc Ocala, FL | $126,335,396 | $16,814,104 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |