Knoxville College
- Assets
- $3.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Knoxville, TN
- Founding
- 03/1944
- Data as of
- 06/2022
- EIN
- 62-0475689
Organization Overview
Knoxville College is located in Knoxville, TN. The organization was established in 1944. 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, Knoxville College employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knoxville 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 06/2022, Knoxville College generated $6.8m in total revenue. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 13.3% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KNOXVILLE COLLEGE IS A PRIVATE, CHURCH RELATED COEDUCATIONAL LIBERAL ARTS INSTITUTION. THE COLLEGE IS OPEN TO STUDENTS OF DIVERSE BACKGROUNDS AND CULTURES WHO SEEK A QUALITY LIBERAL ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KNOXVILLE COLLEGE BEGAN OFFERING DISTANCE LEARNING CLASSES IN THE FALL OF 2020 AND CONTINUES TO DO SO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Barnes Vice Chair | OfficerTrustee | 1 | $0 |
Michael Bowie Trustee | Trustee | 1 | $0 |
Cynthia Parker - Ferguson Trustee | Trustee | 1 | $0 |
Brenda Gardner Trustee | Trustee | 1 | $0 |
Rotesha Harris Trustee | Trustee | 1 | $0 |
Sheryl Houston Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $586,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,932,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,519,136 |
| Total Program Service Revenue | $262,632 |
| Investment income | -$7,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,774,345 |
| 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 | $230,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,813 |
| 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 | $0 |
| Advertising and promotion | $5,873 |
| Office expenses | $32,283 |
| Information technology | $17,783 |
| Royalties | $0 |
| Occupancy | $133,018 |
| Travel | $11,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $320,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,467 |
| Insurance | $53,515 |
| All other expenses | $6,228 |
| Total functional expenses | $1,275,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,088,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $439,585 |
| 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 | $399,895 |
| Investments—publicly traded securities | $339,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,728 |
| Total assets | $3,379,476 |
| Accounts payable and accrued expenses | $16,709 |
| 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 | $4,658,085 |
| Other liabilities | $561,190 |
| Total liabilities | $5,235,984 |
| Net assets without donor restrictions | -$1,856,508 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,379,476 |