Centre College Of Kentucky
- Assets
- $664.3m
- Revenue
- $111.8m
- Investments
- $281.5m
- Employees
- 1,311
- Location
- Danville, KY
- Founding
- 02/1943
- Data as of
- 06/2022
- 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 06/2022, Centre College Of Kentucky employed 1,311 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 06/2022, Centre College Of Kentucky generated $111.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $115.4m during the year ending 06/2022. While expenses have increased by 3.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Milton Moreland President | Officer | 50 | $395,807 |
Brian Hutzley Vp, CFO And Treasurer | Officer | 50 | $269,326 |
John A Roush Former President | 50 | $282,839 | |
Kelly Knetsche VP For Development And Alumni | Officer | 50 | $244,000 |
Ellen Goldey VP For Academic Affairs | Officer | 50 | $203,253 |
James P Leahey VP For Legal Affairs And Gift | Officer | 50 | $164,265 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marilla Interests Llc Construction | 6/29/22 | $394,084 |
Art Science Group Market Research | 6/29/22 | $387,130 |
Wiley Electrical Contractor Construction | 6/29/22 | $299,688 |
Enrollment Fuel Enrollment Mgmt | 6/29/22 | $291,515 |
Bumblebee Team Sports Athletics | 6/29/22 | $273,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $349,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,855,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,204,550 |
| Total Program Service Revenue | $76,337,167 |
| Investment income | $3,504,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,996,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,828,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $41,784,334 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,196,087 |
| Compensation of current officers, directors, key employees. | $709,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,735,781 |
| Pension plan accruals and contributions | $2,117,183 |
| Other employee benefits | $3,819,365 |
| Payroll taxes | $1,861,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,950 |
| Fees for services: Accounting | $107,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,794,819 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89,879 |
| Office expenses | $745,230 |
| Information technology | $677,537 |
| Royalties | $0 |
| Occupancy | $2,535,334 |
| Travel | $2,472,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,036 |
| Interest | $3,844,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,464,712 |
| Insurance | $747,866 |
| All other expenses | $8,624,770 |
| Total functional expenses | $115,422,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,482,492 |
| Pledges and grants receivable | $49,683,414 |
| Accounts receivable, net | $621,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $383,067 |
| Inventories for sale or use | $192,517 |
| Prepaid expenses and deferred charges | $724,102 |
| Net Land, buildings, and equipment | $153,803,292 |
| Investments—publicly traded securities | $104,333,277 |
| Investments—other securities | $281,480,957 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,623,493 |
| Total assets | $664,328,460 |
| Accounts payable and accrued expenses | $6,321,531 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $162,745,509 |
| 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 | $12,531,903 |
| Total liabilities | $181,598,943 |
| Net assets without donor restrictions | $165,404,273 |
| Net assets with donor restrictions | $317,325,244 |
| 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 | $664,328,460 |