Bingham Fund For Excellence In Teaching At Transylvania Univ
- Assets
- $111.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/1988
- Data as of
- 06/2021
- EIN
- 61-1129707
Organization Overview
Bingham Fund For Excellence In Teaching At Transylvania Univ is located in Lexington, KY. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bingham Fund For Excellence In Teaching At Transylvania Univ 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, Bingham Fund For Excellence In Teaching At Transylvania Univ generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 7.5% 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
PROMOTES TEACHING QUALITY AND DEVELOPMENT OF THE FACULTY OF TRANSYLVANIA UNIVERSITY
Describe the Organization's Program Activity:
FACULTY SALARY SUPPLEMENTS AND RELATED FRINGE BENEFITS
FACULTY DEVELOPMENT GRANTS, TECHNOLOGY INITIATIVE EXPENDITURES AND VARIOUS SELECTION COMMITTEE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Christopher H Young Chair | Officer | 1 | $0 |
Mr Brien Lewis Trustee, Ex-Officio | Trustee | 1 | $0 |
Mr George Branch Trustee | Trustee | 1 | $0 |
Dr Jonathan Berkey Trustee | Trustee | 1 | $0 |
Mr Norwood Cowgill Trustee | Trustee | 1 | $0 |
Ms Carol L Jones Trustee | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,944,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,944,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,564,622 |
| Pension plan accruals and contributions | $108,196 |
| Other employee benefits | $20,737 |
| Payroll taxes | $105,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,857 |
| Advertising and promotion | $0 |
| Office expenses | $29,347 |
| Information technology | $40,722 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $3,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $81,086 |
| Total functional expenses | $1,990,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,822 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $110,500,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,362 |
| Total assets | $111,075,860 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $111,075,860 |
| 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 | $111,075,860 |
Endowment Analysis
| Beg. Balance | $87,955,737 |
| Earnings | $24,596,030 |
| Other Expense | $1,970,729 |
| Ending Balance | $110,581,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |