Georgetown College
- Assets
- $89.7m
- Revenue
- $66.7m
- Investments
- $0.0
- Employees
- 786
- Location
- Georgetown, KY
- Founding
- 01/1943
- Data as of
- 06/2021
- EIN
- 61-0444695
Organization Overview
Georgetown College is located in Georgetown, 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, Georgetown College employed 786 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgetown 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 06/2021, Georgetown College generated $66.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $63.1m during the year ending 06/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GEORGETOWN COLLEGE IS A FULLY ACCREDITED LIBERAL ARTS INSTITUTION OF HIGHER LEARNING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HIGHER EDUCATIONAL INSTITUTION PROVIDING EDUCATION, HOUSING, AND FOOD SERVICES TO STUDENTS AND FACULTY. THE COLLEGE EDUCATED 1,303 UNDERGRADUATE AND 453 GRADUATE STUDENTS FOR THE YEAR ENDED 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Houston Trustee | Trustee | 2 | $0 |
David Adkisson Trustee | Trustee | 2 | $0 |
Tucker Ballinger Trustee | Trustee | 2 | $0 |
Robert Baker Trustee | Trustee | 2 | $0 |
John Blackburn Trustee | Trustee | 2 | $0 |
Granetta Blevins Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Dining Services | 6/29/22 | $3,302,051 |
Nat Management Resources Corp Maintenance Services | 6/29/22 | $1,500,091 |
Smith Home Improvement Repairs/painting | 6/29/22 | $149,338 |
K-12 Teachers Alliance Student Recruiting | 6/29/22 | $528,039 |
Branscum Construction Co Inc Repairs/construction | 6/29/22 | $644,384 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,610,160 |
| Investment income | $1,438,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$191,575 |
| Net Gain/Loss on Asset Sales | $2,404,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,906,328 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,686,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $33,657,392 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,318,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,782,713 |
| Pension plan accruals and contributions | $495,289 |
| Other employee benefits | $1,831,174 |
| Payroll taxes | $198,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,752 |
| Fees for services: Accounting | $75,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $217,139 |
| Fees for services: Other | $3,796,032 |
| Advertising and promotion | $0 |
| Office expenses | $1,814,146 |
| Information technology | $682,444 |
| Royalties | $0 |
| Occupancy | $915,135 |
| Travel | $227,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $725,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,824,543 |
| Insurance | $316,419 |
| All other expenses | $0 |
| Total functional expenses | $63,091,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,090,629 |
| Savings and temporary cash investments | $65,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,263,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,809 |
| Prepaid expenses and deferred charges | $266,682 |
| Investments—publicly traded securities | $39,028,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,678,321 |
| Total assets | $89,699,386 |
| Accounts payable and accrued expenses | $2,815,227 |
| Grants payable | $0 |
| Deferred revenue | $187,251 |
| Tax-exempt bond liabilities | $31,920,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $62,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,238,898 |
| Total liabilities | $38,223,587 |
| 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 | $51,475,799 |