Eckerd College
- Assets
- $226.5m
- Revenue
- $127.9m
- Investments
- $17.5m
- Employees
- 1,339
- Location
- St Petersburg, FL
- Founding
- 09/1959
- Data as of
- 06/2020
- EIN
- 59-0859121
Organization Overview
Eckerd College is located in St Petersburg, FL. The organization was established in 1959. 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, Eckerd College employed 1,339 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eckerd 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 06/2020, Eckerd College generated $127.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $124.2m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN UNDERGRADUATE, LIBERAL ARTS EDUCATION AND LIFELONG PROGRAMS WITHIN THE CONTEXT OF A STRONG RELATIONSHIP WITH THE PRESBYTERIAN CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND SCHOLARSHIPS TO/FOR STUDENTS - INCLUDES TRADITIONAL STUDENTS AS WELL AS RETURNING ADULT STUDENTS OVER THE AGE OF 23. STUDENTS COME FROM 48 STATES AND 39 COUNTRIES. STUDENTS CAN CHOOSE FROM 41 MAJORS IN THE RESIDENTIAL PROGRAM OR DESIGN THEIR OWN INTERDISCIPLINARY CONCENTRATIONS. ALL PROGRAMS LEAD TO A BACHELOR OF ARTS, BACHELOR OF FINE ARTS OR BACHELOR OF SCIENCE DEGREE. ATTENDING ECKERD COLLEGE DURING THE 2020/21 ACADEMIC YEAR WERE 1,819 FULL-TIME AND PART-TIME DEGREE-SEEKING STUDENTS. FOR INFORMATION ABOUT MAJORS AND MINORS VISIT WWW.ECKERD.EDU/ACADEMICS/ OR WWW.ECKERD.EDU/ADMISSIONS/ FOR SCHOLARSHIP INFORMATION.
STUDENT SERVICES - PROVIDE SERVICES TO STUDENTS APART FROM INSTRUCTION SUCH AS ADMISSIONS, FINANCIAL AID, STUDENT ACTIVITIES, ATHLETICS AND MORE. APPROXIMATELY 96 OF ECKERD COLLEGE BEGINNING UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE AS A RESULT OF THE EFFORTS OF THE FINANCIAL AID OFFICE. THE COLLEGE'S STUDENTS HAVE ACCESS TO MANY SERVICES INCLUDING THE FITNESS CENTER, THE OUTDOOR POOL, MEN'S AND WOMEN'S SPORTS, STUDENT GOVERNMENT, STUDENT MEDIA (RADIO, TV AND NEWSPAPER) AND REGISTERED STUDENT CLUBS AND ORGANIZATIONS. MORE INFORMATION IS AVAILABLE ABOUT ECKERD COLLEGE ATHLETICS AND CLUBS AT WWW.ECKERDTRITONS.COM AND WWW.ECKERD.EDU/CAMPUS-LIFE/.
AUXILIARY SERVICES - HOUSING, FOOD SERVICE AND OTHERS. WITH 74 PERCENT OF STUDENTS LIVING IN THE RESIDENCE HALLS, ECKERD COLLEGE OFFERS RESIDENCE HALLS THAT RANGE FROM TRADITIONAL ROOMS WITH A SHARED COMMON AREA TO APARTMENT STYLE SUITES. FOOD SERVICES ARE PROVIDED BY A THIRD PARTY MANAGEMENT COMPANY THAT OPERATES SEVERAL LOCATIONS ACROSS ECKERD'S MAIN CAMPUS. MORE INFORMATION IS AVAILABLE AT WWW.ECKERD.EDU/.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald R Eastman III President | Officer | 50 | $501,556 |
Matthew S Bisset VP Of Advancement | OfficerTrustee | 50 | $319,533 |
Dr Damian J Fernandez President | OfficerTrustee | 50 | $292,944 |
Dr Edward T Grasso Professor Of Decision Sciences | 50 | $224,239 | |
Christopher P Brennan Treasurer/vp Business & Financ | OfficerTrustee | 50 | $214,057 |
Martha S Harrison VP Of Academics | OfficerTrustee | 50 | $190,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Facilities Mgmt. | 6/29/21 | $6,216,506 |
Compass Group Usa Inc Dba Bon Appet Catering Services | 6/29/21 | $2,428,189 |
Sdf Contracting Llc Construction Mgmt. | 6/29/21 | $2,585,727 |
Sweet Sparkman Architects Architectural Servic | 6/29/21 | $688,676 |
Vault Medical Services Covid Testing Servic | 6/29/21 | $357,616 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,680,268 |
| Investment income | $2,963,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,868 |
| Net Gain/Loss on Asset Sales | $187,636 |
| Net Income from Fundraising Events | -$323 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,879,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $44,735,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,501,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,660,738 |
| Pension plan accruals and contributions | $2,159,042 |
| Other employee benefits | $4,623,734 |
| Payroll taxes | $2,572,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $269,379 |
| Fees for services: Accounting | $288,522 |
| Fees for services: Lobbying | $38,569 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,240 |
| Fees for services: Other | $995,845 |
| Advertising and promotion | $202,757 |
| Office expenses | $2,082,885 |
| Information technology | $2,188,701 |
| Royalties | $577,913 |
| Occupancy | $4,256,044 |
| Travel | $3,355,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $854,216 |
| Interest | $1,609,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,409,307 |
| Insurance | $497,576 |
| All other expenses | $0 |
| Total functional expenses | $124,243,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,097,890 |
| Savings and temporary cash investments | $2,439,371 |
| Pledges and grants receivable | $3,907,688 |
| Accounts receivable, net | $836,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $135,644 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,459,085 |
| Investments—publicly traded securities | $40,032,675 |
| Investments—other securities | $17,517,164 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,420 |
| Total assets | $226,479,498 |
| Accounts payable and accrued expenses | $5,402,982 |
| Grants payable | $0 |
| Deferred revenue | $4,007,507 |
| Tax-exempt bond liabilities | $45,506,453 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $956,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $359,653 |
| Total liabilities | $56,232,709 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $170,246,789 |
Grants Awarded
Over the last fiscal year, Eckerd College has awarded $15,480 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: GENERAL SUPPORT | $10,000 |
SUNCOASTERS OF ST PETERSBURG FOUNDATION INC PURPOSE: GENERAL SUPPORT | $5,480 |
Grants Recieved
Over the last fiscal year, we have identified 50 grants that Eckerd College has recieved totaling $1,058,726.
| Awarding Organization | Amount |
|---|---|
Samuel E And Mary W Thatcher Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $200,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $171,000 |
Trott Foundation Birmingham, MI PURPOSE: EDUCATION | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $96,200 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $55,371 |
Arthur Vining Davis Foundation Ponte Vedra Beach, FL PURPOSE: GENERAL OPERATING | $50,000 |
Endowment Analysis
| Beg. Balance | $62,435,351 |
| Earnings | $19,266,269 |
| Net Contributions | $3,179,901 |
| Grants | $3,760,212 |
| Ending Balance | $81,121,309 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Everglades College Inc Fort Lauderdale, FL | $670,294,753 | $647,335,916 |
Rollins College Winter Park, FL | $852,704,104 | $217,797,924 |
Berry College Inc Mount Berry, GA | $1,445,846,752 | $178,933,031 |
Florida Southern College Lakeland, FL | $276,996,972 | $143,874,205 |
Southeastern University Inc Lakeland, FL | $136,483,124 | $143,033,375 |
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
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 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |