Transylvania University
- Assets
- $268.7m
- Revenue
- $70.6m
- Investments
- $0.0
- Employees
- 850
- Location
- Lexington, KY
- Founding
- 06/1943
- Data as of
- 06/2021
- EIN
- 61-0444825
Organization Overview
Transylvania University is located in Lexington, 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, Transylvania University employed 850 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transylvania University 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, Transylvania University generated $70.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $59.8m during the year ending 06/2021. While expenses have increased by 1.4% 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
POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
PROVIDE UNDERGRADUATE DEGREE EDUCATION, CURRICULUM, TRAINING, RESOURCES AND RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brien Lewis President | Officer | 40 | $236,220 |
John N Williams Jr Board Member | Trustee | 1 | $0 |
Marc Mathews Vice President For Finance And Business | Officer | 40 | $159,016 |
Steve Angelucci Vice President For Advancement | Officer | 40 | $146,976 |
Michael F Cairo Professor | 40 | $131,835 | |
Michael Covert Vice President For Student Life And Dean Of Students | Officer | 40 | $124,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Congleton Hacker Company General Contractor | 6/29/21 | $3,163,553 |
Bon Apetit Management Company Food Service Provider | 6/29/21 | $2,317,945 |
Kda Office Furniture Solution Furniture | 6/29/21 | $608,373 |
Ellucian Inc Erp License | 6/29/21 | $507,602 |
Harleywood Productions Construction Materials | 6/29/21 | $202,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,820,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,820,169 |
| Total Program Service Revenue | $43,984,961 |
| Investment income | $1,685,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,996,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,586,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,725,521 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,953,954 |
| Compensation of current officers, directors, key employees. | $1,000,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,187,506 |
| Pension plan accruals and contributions | $1,145,472 |
| Other employee benefits | $2,511,413 |
| Payroll taxes | $1,188,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,549 |
| Fees for services: Accounting | $43,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $868,115 |
| Advertising and promotion | $295,765 |
| Office expenses | $1,351,437 |
| Information technology | $922,390 |
| Royalties | $0 |
| Occupancy | $1,420,511 |
| Travel | $505,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $222,486 |
| Interest | $2,017,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,121,654 |
| Insurance | $520,599 |
| All other expenses | $215,278 |
| Total functional expenses | $59,754,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,386,243 |
| Savings and temporary cash investments | $554,806 |
| Pledges and grants receivable | $7,269,770 |
| Accounts receivable, net | $383,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $884,968 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,026,931 |
| Net Land, buildings, and equipment | $115,111,365 |
| Investments—publicly traded securities | $138,292,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,739,860 |
| Total assets | $268,650,228 |
| Accounts payable and accrued expenses | $4,529,660 |
| Grants payable | $0 |
| Deferred revenue | $1,452,489 |
| Tax-exempt bond liabilities | $56,790,837 |
| 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 | $1,171,886 |
| Other liabilities | $2,394,127 |
| Total liabilities | $66,338,999 |
| Net assets without donor restrictions | $56,874,633 |
| Net assets with donor restrictions | $145,436,596 |
| 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 | $268,650,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Transylvania University has recieved totaling $225,276.
| Awarding Organization | Amount |
|---|---|
W T Young Family Foundation Inc Lexington, KY PURPOSE: SUBSIDY | $225,276 |
Endowment Analysis
| Beg. Balance | $102,241,243 |
| Earnings | $32,359,614 |
| Net Contributions | $3,474,755 |
| Other Expense | $7,838,496 |
| Ending Balance | $130,237,116 |
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 |