Hiwassee College Inc is located in Alcoa, TN. The organization was established in 1942. 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 06/2020, Hiwassee College Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hiwassee College Inc 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 06/2020, Hiwassee College Inc generated $995.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $307.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (47.0%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HIWASSEE COLLEGE, FOUNDED IN 1849 AND ASSOCIATED WITH THE UNITED METHODIST CHURCH, IS A LIBERAL ARTS, RESIDENTIAL INSTITUTION OF HIGHER EDUCATION, PROVIDING QUALITY EDUCATION FOR ALL STUDENTS IN AN ATMOSPHERE THAT PROMOTES INTELLECTUAL PURSUIT, SPIRITUAL GROWTH AND SOCIAL AND PERSONAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL:A FOUR YEAR, UNITED METHODIST CHRISTIAN INSTITUTION, 170 YEARS OLD, LIBERAL ARTS COLLEGE OFFERING BACCALAUREATE AND ASSOCIATE DEGREE PROGRAMS FOR AN AVERAGE ENROLLMENT OF 375 STUDENTS. SPRING 2019 WAS THE LAST ACADEMIC YEAR FOR THE COLLEGE BEFORE THE DECISION TO CLOSE DUE TO FINANCIALS REASONS WAS REACHED BY THE BOARD OF DIRECTORS. BACCALAUREATE PROGRAMS INCLUDED EQUINE MANAGEMENT & TRAINING, EQUINE SCIENCE, INTERDISCIPLINARY LIBERAL ARTS (WITH VARIOUS CONCENTRATIONS) AND PASTORAL STUDIES. ASSOCIATE PROGRAMS INCLUDE DENTAL HYGIENE, FORESTRY TECHNOLOGY, AGRI-BUSINESS, CRIMINAL JUSTICE, ALLIED HEALTH, BUSINESS EDUCATION, LIBERAL ARTS, MUSIC, AND SCIENCE/MATH. THE COLLEGE HAS A FULL RANGE OF TRADITIONAL ATHLETIC TEAMS. IN ADDITION, CHAPEL IS HELD FOR ALL STUDENTS EACH WEDNESDAY. THE COLLEGE HAS A NEW PROGRAM FOR EQUINE THERAPY WHICH USES THE BARN AND STABLES AS THE TEACHING ARENA.GRANTS AND SPONSORED PROGRAMS:TWO FEDERALLY-FUNDED TRIO PROGRAMS, UPWARD BOUND AND TALENT SEARCH, WHICH SERVE OVER 700 JUNIOR HIGH AND HIGH SCHOOL STUDENTS IN A MULTIPLE COUNTY AREA.STUDENT SERVICES:COSTS ASSOCIATED WITH VARIOUS STUDENT ACTIVITY PROGRAMS AND ATHLETICS. STUDENTS PAY ACTIVITY AND TECHNOLOGY FEES WHICH SUPPORT THE MANY ACTIVITIES PROVIDED THROUGH THE STUDENT DEVELOPMENT OFFICE AND THE TECHNOLOGY RESOURCES AVAILABLE ON CAMPUS. FULL ATHLETIC PROGRAMS ARE OFFERED AS WELL AS INTRAMURALS, CLUBS AND ORGANIZATIONS, SERVICE LEARNING PROJECTS AND CAMPUS ACTIVITIES WHICH PROVIDE OPPORTUNITIES FOR ALL STUDENTS TO BE INVOLVED IN THE COLLEGE EXPERIENCE.STUDENT HOUSING AND FOOD SERVICES:COST ASSOCIATED WITH COLLEGE RESIDENCE HALLS AND FOOD SERVICES. THE COLLEGE OFFERS DOUBLE AND PRIVATE ROOMS TO STUDENTS. MEAL PLANS ARE PROVIDED FOR RESIDENTIAL AND COMMUTER STUDENTS. AFTER HOURS FOOD SERVICES ARE PROVIDED THROUGH THE CAMPUS SNACK BAR AND RESIDENCE HALL EVENTS.ACADEMIC SUPPORT - LIBRARY AND COMPUTER SYSTEM:A CENTRALLY LOCATED LIBRARY PROVIDES ACCESS TO BOTH ON CAMPUS AND MULTIPLE ELECTRONIC DATABASES FOR USE BY STUDENTS; FOUR COMPUTER LABS PROVIDE ACCESS TO STUDENTS; CAMPUS-WIDE ACCESS TO LEARNING MANAGEMENT SYSTEM FOR FACULTY, STAFF AND STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Robin J Tricoli President | Trustee | 40 | $4,230 |
Dr William Eddie Harmon Secretary Of Board | OfficerTrustee | 1 | $0 |
J Carey Mchugh Treasurer | OfficerTrustee | 1 | $0 |
John D Wood Vice Chairperson | OfficerTrustee | 1 | $0 |
Dr David E Houseman Chairperson | OfficerTrustee | 1 | $0 |
Patsy Q Carson Trustee | Trustee | 1 | $0 |
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 | $378,493 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $378,493 |
Total Program Service Revenue | $300,000 |
Investment income | $20,723 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $291,890 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $995,440 |
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. | $4,230 |
Compensation of current officers, directors, key employees. | $4,230 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $40,116 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,548 |
Fees for services: Management | $0 |
Fees for services: Legal | $138,736 |
Fees for services: Accounting | $16,190 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,019 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $307,539 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $424,137 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $330,112 |
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 | $2,581,500 |
Investments—publicly traded securities | $0 |
Investments—other securities | $4,004,282 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,833 |
Total assets | $7,350,864 |
Accounts payable and accrued expenses | $68,327 |
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 | $4,778,165 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $4,846,492 |
Net assets without donor restrictions | -$5,683,712 |
Net assets with donor restrictions | $8,188,084 |
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 | $7,350,864 |
Over the last fiscal year, we have identified 1 grants that Hiwassee College Inc has recieved totaling $21,584.
Awarding Organization | Amount |
---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $21,584 |
Beg. Balance | $6,314,467 |
Ending Balance | $6,314,467 |
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 |