Georgetown College
- Assets
- $83.0m
- Revenue
- $57.0m
- Investments
- $0.0
- Employees
- 983
- Location
- Georgetown, KY
- Founding
- 01/1943
- Data as of
- 06/2020
- 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 06/2021, Georgetown College employed 983 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 06/2020, Georgetown College generated $57.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $56.2m during the year ending 06/2020. While expenses have increased by 2.2% 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
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 1,163 UNDERGRADUATE AND 538 GRADUATE STUDENTS FOR THE YEAR ENDED 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Jones President | Officer | 50 | $301,710 |
John Davis VP For Institutional Advancement | Officer | 50 | $170,036 |
Rosemary Allen Provost, Dean Of The College (acting President Jun | Officer | 50 | $138,775 |
David Wilhite Vp, Cfo, Treasurer | Officer | 50 | $131,697 |
William Cronin Head Football Coach | 50 | $128,896 | |
Brian Evans VP For Diversity And Inclusion | Officer | 50 | $125,724 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Dining Services | 6/29/21 | $2,543,913 |
Nat Management Resources Corp Maintenance Services | 6/29/21 | $378,105 |
K-12 Teachers Alliance Student Recruiting | 6/29/21 | $736,902 |
Jpjs Operations Inc Repairs/construction | 6/29/21 | $213,012 |
Jenzabar Inc Software Support | 6/29/21 | $271,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,345,245 |
| Investment income | $1,621,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$116,261 |
| Net Gain/Loss on Asset Sales | $486,171 |
| Net Income from Fundraising Events | -$4,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,625,420 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,019,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $27,291,281 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,143,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,870,248 |
| Pension plan accruals and contributions | $555,276 |
| Other employee benefits | $1,193,374 |
| Payroll taxes | $1,067,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,569 |
| Fees for services: Accounting | $61,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,192 |
| Fees for services: Other | $1,095,726 |
| Advertising and promotion | $0 |
| Office expenses | $1,272,031 |
| Information technology | $688,098 |
| Royalties | $0 |
| Occupancy | $1,337,054 |
| Travel | $318,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,277,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,987,629 |
| Insurance | $324,544 |
| All other expenses | $0 |
| Total functional expenses | $56,178,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,235,061 |
| Savings and temporary cash investments | $65,300 |
| Pledges and grants receivable | $29,121 |
| Accounts receivable, net | $2,013,405 |
| 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 | $236,908 |
| Investments—publicly traded securities | $32,740,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,827,457 |
| Total assets | $82,979,191 |
| Accounts payable and accrued expenses | $2,197,122 |
| Grants payable | $0 |
| Deferred revenue | $386,083 |
| 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 | $2,786,726 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,608,580 |
| Total liabilities | $40,898,511 |
| 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 | $42,080,680 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgetown College has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Usdin-Weil Foundation New Orleans, LA PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $1,000 |
Endowment Analysis
| Beg. Balance | $30,220,745 |
| Earnings | $7,067,289 |
| Net Contributions | $415,776 |
| Other Expense | $1,504,779 |
| Ending Balance | $36,199,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |