Associated Colleges Of The South Inc
- Assets
- $5.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 58-1948807
Organization Overview
Associated Colleges Of The South Inc is located in Atlanta, GA. The organization was established in 1992. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Colleges Of The South 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 06/2022, Associated Colleges Of The South Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 2.7% 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, Associated Colleges Of The South Inc has awarded 75 individual grants totaling $2,093,993. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATED COLLEGES OF THE SOUTH SEEKS TO CHAMPION AND ENHANCE RESIDENTIAL LIBERAL ARTS EDUCATION THROUGH COLLABORATIVE PROJECTS AMONG ITS SIXTEEN MEMBER INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACULTY PROGRAM: THE FACULTY PROGRAM INCLUDES WORKSHOPS THAT FOCUS ON TEACHING METHODS AS OPPOSED TO DISCIPLINARY CONTENT. THE FACULTY PROGRAM ALSO INCLUDES GRANTS GIVEN TO ASSIST FACULTY IN REFINING COURSES, TEACHING NEW SKILLS AND APPROACHES, AND ADVANCING RESEARCH EFFORTS.
DIVERSITY PROGRAM: THE DIVERSITY PROGRAM ACKNOWLEDGES THE LACK OF RACIAL DIVERSITY AMONG THE FACULTY AND STAFF OF THE ASSOCIATION'S INSTITUTIONS AND PROPOSES WAYS TO ADDRESS AND IMPROVE THAT SITUATION. THE ASSOCIATION HELD MEETINGS WITH REPRESENTATIVES OF THE MEMBER INSTITUTIONS. THE FINDINGS OF THE PROGRAM ARE INCORPORATED INTO THE ASSOCIATION'S STRATEGIC PLAN.
MEMBER SERVICES: MEMBER SERVICES ENCOMPASSES ALL OF THE WORK THE ASSOCIATION DOES FOR ITS MEMBER INSTITUTIONS, OTHER THAN THE FACULTY AND DIVERSITY PROGRAMS. CURRENTLY, MEMBER SERVICES INCLUDES THE TUITION EXCHANGE PROGRAM, RELATIONSHIP BUILDING WITH MEMBER INSTITUTIONS, AND MEETINGS OF SENIOR ADMINISTRATIVE OFFICERS AT THE COLLEGES FOR NETWORKING AND COST-SAVINGS INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Anderson Director | Trustee | 0.25 | $0 |
Daniel Colman Chair | OfficerTrustee | 0.5 | $0 |
William Dudley Secretary | OfficerTrustee | 0.5 | $0 |
Carol E Quillen Director | Trustee | 0.25 | $0 |
Elizabeth Davis Director | Trustee | 0.25 | $0 |
W Ellis Arnold Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $576,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,076,000 |
| Total Program Service Revenue | $211,122 |
| Investment income | $80,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,469,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,074 |
| Grants and other assistance to domestic individuals. | $225,849 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,671 |
| Compensation of current officers, directors, key employees. | $108,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,149 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,087 |
| Advertising and promotion | $0 |
| Office expenses | $1,107 |
| Information technology | $21,038 |
| Royalties | $0 |
| Occupancy | $60,617 |
| Travel | $13,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,056 |
| Insurance | $5,125 |
| All other expenses | $3,538 |
| Total functional expenses | $1,168,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,914,043 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $750,000 |
| Accounts receivable, net | $25,680 |
| 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 | $3,523 |
| Net Land, buildings, and equipment | $12,324 |
| Investments—publicly traded securities | $3,025,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,730,607 |
| Accounts payable and accrued expenses | $37,587 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $171,105 |
| Total liabilities | $208,692 |
| Net assets without donor restrictions | $738,273 |
| Net assets with donor restrictions | $4,783,642 |
| 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 | $5,730,607 |
Grants Awarded
Over the last fiscal year, Associated Colleges Of The South Inc has awarded $187,925 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON AND LEE UNIVERSITY PURPOSE: EDUCATION | $15,360 |
UNIVERSITY OF THE SOUTH PURPOSE: EDUCATION | $32,720 |
BIRMINGHAM SOUTHERN COLLEGE PURPOSE: EDUCATION | $19,008 |
FURMAN UNIVERSITY PURPOSE: EDUCATION | $72,400 |
CENTRE COLLEGE PURPOSE: EDUCATION | $48,437 |