University Of The South
- Assets
- $814.0m
- Revenue
- $175.3m
- Investments
- $284.9m
- Employees
- 2,010
- Location
- Sewanee, TN
- Founding
- 02/1947
- Data as of
- 06/2023
- EIN
- 62-0475697
Organization Overview
University Of The South is located in Sewanee, TN. The organization was established in 1947. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, University Of The South employed 2,010 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The South 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 06/2023, University Of The South generated $175.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $172.8m during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN EPISCOPAL UNIVERSITY COMPOSED OF THE COLLEGE OF ARTS AND SCIENCES AND THE SCHOOL OF THEOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: IN THE COLLEGE OF ARTS AND SCIENCES, STUDENTS WORK CLOSELY WITH DISTINGUISHED AND DIVERSE FACULTY IN A DEMANDING COURSE OF HUMANE AND SCIENTIFIC STUDY THAT PREPARES THEM FOR LIVES OF ACHIEVEMENT AND SERVICE. A STUDENT-FACULTY RATIO OF 11:1 ENABLES CLOSE STUDENT-FACULTY INTERACTION IN THE CLASSROOM AND ALLOWS FOR FACULTY GUIDANCE IN STUDENT RESEARCH.
OTHER PROGRAM SERVICES: OTHER PROGRAM EXPENSES ARE PRIMARILY COMPRISED OF EXPENSES RELATED TO FACULTY RESEARCH ACTIVITIES, PUBLIC SERVICE, AND OF EXPENSES RELATED TO PLANT MAINTENANCE AND OPERATION.
STUDENT SERVICES: A WIDE RANGE OF CO-CURRICULAR AND RECREATIONAL OPPORTUNITIES ARE AVAILABLE TO COMPLEMENT THE ACADEMIC EXPERIENCE AND SUPPORT STUDENT LIFE. MORE THAN A HUNDRED ORGANIZATIONS AND CLUBS FACILITATE SOCIAL INTERACTION BETWEEN STUDENTS AND BETWEEN STUDENTS AND THE BROADER SEWANEE COMMUNITY.
HOUSING AND AUXILIARY SERVICES: THE COLLEGE IS A RESIDENTIAL LIBERAL ARTS COLLEGE. ROOM AND BOARD PROGRAMS ARE DESIGNED TO ENCOURAGE OPPORTUNITIES FOR CONVERSATION AND COMMUNITY BUILDING BEYOND THE CLASSROOM. BESIDES TRADITIONAL RESIDENCE DORMITORIES, STUDENTS MAY ALSO CHOOSE TO LIVE IN A THEME HOUSE WHICH BRINGS TOGETHER STUDENTS WITH A COMMON INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Berner Former Acting Vice Chancellor/provost | Officer | 40 | $481,062 |
Scott Wilson Acting Provost | Officer | 40 | $260,243 |
Deborah Vaughn VP University Relations | Officer | 40 | $261,024 |
Lisa Stephenson Vice Provost For Student Success | 40 | $263,429 | |
Earl Williams Treasurer | Officer | 40 | $245,478 |
Terry Papillon Former Dean Of The College | Officer | 40 | $224,665 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgehill Endowment Partners Endowment Management | 6/29/23 | $1,301,320 |
Howard Morton Construction Construction | 6/29/23 | $785,031 |
Capfinancial Partners Llc Investment Advisory Services | 6/29/23 | $167,481 |
J E Dunn Construction Co Construction | 6/29/23 | $1,217,984 |
Ebsco Information Services Research Databases | 6/29/23 | $547,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,384,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,552,852 |
| Noncash contributions included in lines 1a–1f | $942,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,937,356 |
| Total Program Service Revenue | $131,440,388 |
| Investment income | $5,482,245 |
| Tax Exempt Bond Proceeds | $172,581 |
| Royalties | $1,139,586 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,109,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,281,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,736,709 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,441,982 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,484,225 |
| Compensation of current officers, directors, key employees. | $2,009,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,616,761 |
| Pension plan accruals and contributions | $5,359,850 |
| Other employee benefits | $8,399,032 |
| Payroll taxes | $3,399,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $179,726 |
| Fees for services: Accounting | $102,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,227,426 |
| Fees for services: Other | $12,549,973 |
| Advertising and promotion | $1,995,121 |
| Office expenses | $2,025,072 |
| Information technology | $1,341,457 |
| Royalties | $6,000 |
| Occupancy | $1,573,203 |
| Travel | $1,618,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $985,743 |
| Interest | $2,416,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,483,505 |
| Insurance | $1,381,961 |
| All other expenses | $7,108,887 |
| Total functional expenses | $172,751,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,236,552 |
| Savings and temporary cash investments | $66,116,693 |
| Pledges and grants receivable | $31,834,504 |
| Accounts receivable, net | $4,160,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $266,004 |
| Inventories for sale or use | $560,418 |
| Prepaid expenses and deferred charges | $2,740,777 |
| Net Land, buildings, and equipment | $210,896,708 |
| Investments—publicly traded securities | $174,131,372 |
| Investments—other securities | $284,936,247 |
| Investments—program-related | $1,818,007 |
| Intangible assets | $3,253,750 |
| Other assets | $25,006,665 |
| Total assets | $813,958,059 |
| Accounts payable and accrued expenses | $14,954,123 |
| Grants payable | $0 |
| Deferred revenue | $740,547 |
| Tax-exempt bond liabilities | $80,579,259 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,508,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,753,301 |
| Total liabilities | $104,535,784 |
| Net assets without donor restrictions | $278,077,891 |
| Net assets with donor restrictions | $431,344,384 |
| 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 | $813,958,059 |