Rollins College
- Assets
- $843.6m
- Revenue
- $213.7m
- Investments
- $0.0
- Employees
- 1,768
- Location
- Winter Park, FL
- Founding
- 01/1932
- Data as of
- 05/2023
- EIN
- 59-0624440
Organization Overview
Rollins College is located in Winter Park, FL. The organization was established in 1932. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Rollins College employed 1,768 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rollins 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 05/2023, Rollins College generated $213.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $209.3m during the year ending 05/2023. While expenses have increased by 3.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ROLLINS COLLEGE EDUCATES STUDENTS FOR GLOBAL CITIZENSHIP AND RESPONSIBLE LEADERSHIP, EMPOWERING GRADUATES TO PURSUE MEANINGFUL LIVES AND PRODUCTIVE CAREERS. WE ARE COMMITTED TO LIBERAL ARTS ETHOS AND GUIDED BY ITS VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROLLINS COLLEGE PROVIDED LIBERAL ARTS AND GRADUATE EDUCATIONAL COURSES TO 3,030 STUDENTS WHO TOOK A COMBINED 94,467 CREDIT HOURS OF CLASSES; A TOTAL OF 629 UNDERGRADUATE AND 210 GRADUATE DEGREES WERE AWARDED; AND A VARIETY OF OTHER EDUCATIONAL AND CULTURAL PROGRAMS WERE OFFERED TO THE COMMUNITY DURING THE FISCAL YEAR ENDED MAY 31, 2023.
ROLLINS COLLEGE OPERATED VARIOUS AUXILIARY ENTERPRISES INCLUDING DINING FACILITIES, HOUSING AND OTHER SERVICES FOR THE CONVENIENCE AND WELL-BEING OF ITS STUDENT, FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Cornwell President | OfficerTrustee | 50 | $1,160,252 |
Laurie K Houck Vice President | Officer | 50 | $374,225 |
Edward A Kania Vice President | Officer | 50 | $360,165 |
Susan R Singer Vice President | Officer | 50 | $312,782 |
Faye Tydlaska Vice President | Officer | 50 | $296,973 |
Deborah Crown Dean Crummer Business | 50 | $283,259 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Inc Student Search Engine | 5/30/23 | $699,912 |
Scholar Buys Student Search Engine | 5/30/23 | $350,141 |
Prime Buchholz And Assoc Inc Investment Consulting | 5/30/23 | $326,201 |
Ellucian Company Lp Banner Tech Support | 5/30/23 | $280,628 |
Goodman Taft Llc Art Acquisition Services | 5/30/23 | $229,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,365,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,123,912 |
| Noncash contributions included in lines 1a–1f | $5,386,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,489,426 |
| Total Program Service Revenue | $173,957,986 |
| Investment income | $7,283,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $315 |
| Net Rental Income | $2,037,827 |
| Net Gain/Loss on Asset Sales | $10,524,893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,680,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,148,679 |
| Grants and other assistance to Foreign Orgs/Individuals | $44,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,836,522 |
| Compensation of current officers, directors, key employees. | $3,413,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,172,256 |
| Pension plan accruals and contributions | $4,929,826 |
| Other employee benefits | $10,626,306 |
| Payroll taxes | $3,836,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,195 |
| Fees for services: Accounting | $103,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $67,727 |
| Fees for services: Investment Management | $599,747 |
| Fees for services: Other | $1,390,475 |
| Advertising and promotion | $728,416 |
| Office expenses | $4,036,251 |
| Information technology | $3,475,563 |
| Royalties | $9,720 |
| Occupancy | $10,970,644 |
| Travel | $5,108,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300,673 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,968,376 |
| Insurance | $604,247 |
| All other expenses | $5,614,737 |
| Total functional expenses | $209,256,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,198,834 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,532,392 |
| Accounts receivable, net | $1,752,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,468,769 |
| Inventories for sale or use | $259,045 |
| Prepaid expenses and deferred charges | $4,271,266 |
| Net Land, buildings, and equipment | $331,677,323 |
| Investments—publicly traded securities | $413,049,479 |
| Investments—other securities | $0 |
| Investments—program-related | $205,390 |
| Intangible assets | $0 |
| Other assets | $19,199,063 |
| Total assets | $843,613,833 |
| Accounts payable and accrued expenses | $16,463,656 |
| Grants payable | $0 |
| Deferred revenue | $7,845,173 |
| Tax-exempt bond liabilities | $218,094,544 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,070,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,223,241 |
| Total liabilities | $254,696,614 |
| Net assets without donor restrictions | $166,979,277 |
| Net assets with donor restrictions | $421,937,942 |
| 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 | $843,613,833 |