Centre College Of Kentucky
- Assets
- $677.6m
- Revenue
- $215.3m
- Investments
- $288.4m
- Employees
- 1,320
- Location
- Danville, KY
- Founding
- 02/1943
- Data as of
- 06/2021
- EIN
- 61-0444671
Organization Overview
Centre College Of Kentucky is located in Danville, KY. The organization was established in 1943. 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, Centre College Of Kentucky employed 1,320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centre College Of Kentucky 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 06/2021, Centre College Of Kentucky generated $215.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $113.4m during the year ending 06/2021. While expenses have increased by 4.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTRE COLLEGE IS AN EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS STUDENTS.
Describe the Organization's Program Activity:
FOUNDED IN 1819, THE SOLE MISSION OF CENTRE, A NATIONALLY RANKED RESIDENTIAL CO-ED PRIVATE LIBERAL ARTS COLLEGE, IS TO PROVIDE EXCEPTIONAL POST-SECONDARY UNDERGRADUATE EDUCATION TO ITS STUDENTS. WE GUARANTEE THE OPPORTUNITY TO STUDY ABROAD, TO HAVE AN INTERNSHIP, AND TO GRADUATE IN FOUR YEARS. TO DEVELOP A GLOBAL PERSPECTIVE, ABOUT 85 PERCENT OF OUR STUDENTS STUDY ABROAD, WITH CENTRE PROFESSORS, AT LEAST ONCE. COUPLED WITH SMALL CLASSES, HIGH GRADUATION RATES, ENGAGED PROFESSORS, AND REAL-WORLD PREPARATION FOR CAREER, GRADUATES ENJOY A HIGH SUCCESS RATE FOR EMPLOYMENT OR GRADUATE DEGREE ACCEPTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Roush President | Officer | 50 | $992,353 |
Brian Hutzley Vp, CFO And Treasurer | Officer | 50 | $258,533 |
Ellen Goldey VP For Academic Affairs | Officer | 50 | $191,646 |
Shawn Lyons VP For Development And Alumni | Officer | 50 | $177,486 |
Milton Moreland President | Officer | 50 | $171,005 |
James P Leahey VP For Legal Affairs And Gift | Officer | 50 | $149,888 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wehr Constructors Architectural | 6/29/21 | $4,242,303 |
Sodexo Food Service | 6/29/21 | $3,325,694 |
Danville Pediatrics Primary Care Medical | 6/29/21 | $534,730 |
Schuster Accociates Inc Designers | 6/29/21 | $547,009 |
Dean Builds Inc Construction | 6/29/21 | $832,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,280,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,767,259 |
| Noncash contributions included in lines 1a–1f | $354,423 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,047,623 |
| Total Program Service Revenue | $70,940,742 |
| Investment income | $101,558,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,512,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,283,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,580,978 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,414,525 |
| Compensation of current officers, directors, key employees. | $816,295 |
| Compensation to disqualified persons | $47,240 |
| Other salaries and wages | $24,172,985 |
| Pension plan accruals and contributions | $2,012,279 |
| Other employee benefits | $3,528,036 |
| Payroll taxes | $1,766,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,863 |
| Fees for services: Accounting | $107,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,093,434 |
| Fees for services: Other | $0 |
| Advertising and promotion | $104,584 |
| Office expenses | $1,035,030 |
| Information technology | $78,106 |
| Royalties | $0 |
| Occupancy | $2,373,484 |
| Travel | $751,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $655 |
| Interest | $4,135,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,390,162 |
| Insurance | $589,427 |
| All other expenses | $16,857,955 |
| Total functional expenses | $113,369,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,610,044 |
| Accounts receivable, net | $1,202,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $590,654 |
| Inventories for sale or use | $197,002 |
| Prepaid expenses and deferred charges | $507,860 |
| Net Land, buildings, and equipment | $130,199,192 |
| Investments—publicly traded securities | $116,793,751 |
| Investments—other securities | $288,357,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,178,476 |
| Total assets | $677,636,297 |
| Accounts payable and accrued expenses | $7,107,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $164,823,476 |
| 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 | $19,815,800 |
| Total liabilities | $191,746,470 |
| Net assets without donor restrictions | $165,365,839 |
| Net assets with donor restrictions | $320,523,988 |
| 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 | $677,636,297 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Centre College Of Kentucky has recieved totaling $402,864.
| Awarding Organization | Amount |
|---|---|
Mackin Foundation Inc Louisville, KY PURPOSE: EDUCATION | $100,000 |
Associated Colleges Of The South Inc Atlanta, GA PURPOSE: EDUCATION | $48,437 |
Margaret Voorhies Haggin Memorial Trust Pittsburgh, PA PURPOSE: GENERAL OPERATING | $30,000 |
Wunsch Foundation Inc New York, NY PURPOSE: EDUCATION | $28,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $27,700 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
Endowment Analysis
| Beg. Balance | $327,202,228 |
| Earnings | $115,356,973 |
| Admin Expense | $3,093,434 |
| Net Contributions | -$3,246,155 |
| Other Expense | $6,127,911 |
| Grants | $8,390,059 |
| Ending Balance | $421,701,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Washington & Lee University Lexington, VA | $2,101,751,936 | $186,199,453 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
College Of Wooster Wooster, OH | $694,683,910 | $184,916,713 |
Ohio Northern University Ada, OH | $417,060,447 | $166,164,613 |
The Cedarville University Cedarville, OH | $257,715,774 | $182,725,706 |
Kenyon College Gambier, OH | $1,026,131,356 | $159,022,032 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |