Martin Methodist College
- Assets
- $36.5m
- Revenue
- $26.7m
- Investments
- $44.1k
- Employees
- 343
- Location
- Pulaski, TN
- Founding
- 12/1946
- Data as of
- 06/2021
- EIN
- 62-0483210
Organization Overview
Martin Methodist College is located in Pulaski, TN. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Martin Methodist College employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Methodist 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 06/2021, Martin Methodist College generated $26.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $26.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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:
MARTIN METHODIST COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION RELATED TO THE UNITED METHODIST CHURCH AND IS COMMITTED TO BEING THE EDUCATIONAL EPICENTER FOR SOUTH CENTRAL TENNESSEE AND A COLLEGE OF OPPORTUNITY FOR OUR STUDENTS, COMMMUNITY AND CHURCH. ITS MISSION IS TO PROVIDE UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS GROUNDED IN THE LIBERAL ARTS AND SCIENCES THAT ARE DESIGNED TO PREPARE STUDENTS FOR CAREERS AND LIVES OF CONTINUED LEARNING; PROMOTE A DIVERSE AND GLOBALLY CONSCIOUS LEARNING COMMUNITY THAT NURTURES INTELLECTUAL, SPIRITUAL, SOCIAL AND PERSONAL GROWTH; AND SERVE THE REGION AND CHURCH THROUGH EDUCATIONAL, SPIRITUAL, SOCIAL, AND CULTURAL PROGRAMS.MARTIN METHODIST HAS IDENTIFIED THE FOLLOWING VALUES AS KEY TO ITS ORGANIZATION.NURTURE:A MARTIN EDUCATION HAS ALWAYS INCLUDED A UNIQUE BLEND OF CHALLENGE AND SUPPORT. THIS NURTURING ATMOSPHERE DRAWS OUT THE BEST IN STUDENTS AND ENCOURAGES AN UNUSUAL LEVEL OF ACHIEVEMENT AND SUCCESSHONOR:THE CAMPUS EXPERIENCE AT MARTIN METHODIST IS MARKED BY SPECIAL ATTENTION TO ISSUES OF ACADEMIC INTEGRITY AND CHARACTER DEVELOPMENT, WITH THE COLLEGE'S CODE OF HONOR SERVING A CENTRAL ROLE.DIVERSITY:OUR ACADEMIC COMMUNITY APPRECIATES THE EDUCATIONAL ADVANTAGE OF A DIVERSE LEARNING ENVIRONMENT, INCLUDING DIVERSITY OF ETHNICITY, NATIONALITY AND CREED. IN THAT CONTEXT WE ALSO VALUE THE KIND OF COOPERATIVE SPIRIT THAT LEADS TO MUTUAL UNDERSTANDING AND TRUE COLLABORATION.COMPASSION:THE MARTIN METHODIST COLLEGE FAMILY, TRUE TO ITS CHURCH CONNECTION, REGULAR EXPRESSES ITS CARE AND CONCERN, NOT ONLY INTERNALLY BUT EXTERNALLY TOWARD OUR COMMUNITY AND REGION. THIS COMPASSION TRANSLATES INTO ACTIVE SERVICE AND SERVICE-LEARNING PROGRAMS FOR STUDENTS WITH THE UNDERSTANDING THAT ACQUIRED SKILLS AND KNOWLEDGE ARE TO BE USED TO BLESS THE LIVES OF OTHERS.MARTIN METHODIST COLLEGE OFFERS A WIDE VARIETY OF PROGRAMS AND SERVES APPROXIMATELY 1,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Labranche President | Officer | 40 | $228,781 |
Judy Cheatham Provost | Officer | 40 | $152,724 |
Robert Shelton Executive VP & COO | Officer | 40 | $122,284 |
Jeff Bain Executive Director Of Athletics | Officer | 40 | $95,780 |
Edna Luna VP Of External Affairs | Officer | 40 | $71,565 |
Rhonda Clinard Associate VP Of Finance | Officer | 40 | $70,479 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Cafeteria Service | 6/29/21 | $896,452 |
National Management Resources Corp Campus Facilities Management | 6/29/21 | $804,926 |
Pes Pulaski Electric System Utilities | 6/29/21 | $461,586 |
Church Mutual Insurance Company Property, Auto, And Liability Insurance | 6/29/21 | $258,399 |
Teacher's Ins & Annuity Asso Retirement | 6/29/21 | $422,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,354 |
| Related organizations | $0 |
| Government grants | $1,236,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,360,963 |
| Noncash contributions included in lines 1a–1f | $71,231 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,656,842 |
| Total Program Service Revenue | $20,069,305 |
| Investment income | $372,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $599,604 |
| Net Income from Fundraising Events | -$7,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,683,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,164,535 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $936,083 |
| Compensation of current officers, directors, key employees. | $187,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,233,647 |
| Pension plan accruals and contributions | $177,314 |
| Other employee benefits | $492,845 |
| Payroll taxes | $509,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $260,534 |
| Fees for services: Accounting | $66,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,457 |
| Advertising and promotion | $361,059 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $489,170 |
| Travel | $176,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $280,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,689,971 |
| Insurance | $323,735 |
| All other expenses | $1,384,965 |
| Total functional expenses | $26,148,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,994,018 |
| Pledges and grants receivable | $1,000,000 |
| Accounts receivable, net | $299,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,894 |
| Prepaid expenses and deferred charges | $89,644 |
| Net Land, buildings, and equipment | $16,056,203 |
| Investments—publicly traded securities | $13,970,806 |
| Investments—other securities | $44,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,914,708 |
| Total assets | $36,451,504 |
| Accounts payable and accrued expenses | $253,062 |
| Grants payable | $0 |
| Deferred revenue | $136,199 |
| 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 | $6,989,978 |
| Total liabilities | $7,379,239 |
| Net assets without donor restrictions | $9,980,784 |
| Net assets with donor restrictions | $19,091,481 |
| 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 | $36,451,504 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Martin Methodist College has recieved totaling $643,000.
| Awarding Organization | Amount |
|---|---|
Jeanette Travis Foundation Nashville, TN PURPOSE: TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $600,000 |
Lifepoint Community Foundation Brentwood, TN PURPOSE: TO ASSIST IN PROVIDING UNDERGRADUATE GRADUATE AND PROFESSIONAL PROGRAMS GROUNDED IN THE LIBERAL ART AND SCIENCES THAT ARE DESIGNED TO PREPARE STUDENTS FOR CAREERS AND LIVES OF CONTINUED LEARNING. | $25,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $6,980 |
Naphcare Charitable Foundation Birmingham, AL PURPOSE: COLLEGE SCHOLARSHIP FOR CAMRON BURKS | $5,000 |
Rucker-Donnell Foundation Murfreesboro, TN PURPOSE: CHARITABLE GIFT | $3,978 |
Maymee Miller Cantrell Foundation Waverly, TN PURPOSE: PROMOTE COLLEGE EDUCATION | $2,000 |
Endowment Analysis
| Beg. Balance | $14,329,758 |
| Earnings | $1,886,849 |
| Admin Expense | $104,494 |
| Net Contributions | $184,019 |
| Grants | $480,217 |
| Ending Balance | $15,815,915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |