Richmont Graduate University
- Assets
- $8.4m
- Revenue
- $7.2m
- Investments
- $1.2m
- Employees
- 215
- Location
- Chattanooga, TN
- Founding
- 01/1956
- Data as of
- 06/2021
- EIN
- 62-0789275
Organization Overview
Richmont Graduate University is located in Chattanooga, TN. The organization was established in 1956. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Richmont Graduate University employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmont Graduate University 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, Richmont Graduate University generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.8m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRADUATE EDUCATION AND PROFESSIONAL COUNSELING
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE COLLEGE OFFERING MASTERS DEGREES IN PSYCHOLOGY AND MINISTRY; APPROXIMATELY 300 STUDENTS
THE ORGANIZATION'S COUNSELING CENTER PROVIDES MORE THAN 50,000 HOURS OF LOW-COST COUNSELING SESSIONS TO THE ATLANTA AND CHATTANOOGA COMMUNITIES.
OTHER PROGRAM SERVICES CONSIST OF OTHER FEES, FEDERAL WORK STUDY REIMBURSEMENT, AND MISCELLANEOUS REVENUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Quinnan President | Officer | 40 | $261,094 |
Charles Mills Counselor | 40 | $136,056 | |
Mary Plisco Counselor | 40 | $132,198 | |
Lorrie Slater Counselor | 40 | $114,685 | |
Stephen Bradshaw Counselor | 40 | $109,781 | |
Amanda Blackburn Counselor | 40 | $106,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $839,557 |
| Investment income | $65,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,234,181 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $4,918,907 |
| Pension plan accruals and contributions | $55,604 |
| Other employee benefits | $426,598 |
| Payroll taxes | $349,123 |
| 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 | $37,067 |
| Advertising and promotion | $220,352 |
| Office expenses | $160,595 |
| Information technology | $127,355 |
| Royalties | $0 |
| Occupancy | $103,209 |
| Travel | $47,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,237 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,797,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $899,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,763 |
| 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 | $55,595 |
| Investments—publicly traded securities | $2,687,814 |
| Investments—other securities | $1,150,678 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,891 |
| Total assets | $8,373,056 |
| Accounts payable and accrued expenses | $152,846 |
| Grants payable | $0 |
| Deferred revenue | $573,293 |
| 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 | $726,139 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,646,917 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Richmont Graduate University has recieved totaling $295,331.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $232,500 |
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $45,644 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $11,490 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $197 |
Endowment Analysis
| Beg. Balance | $2,133,588 |
| Earnings | -$92,953 |
| Net Contributions | $26,130 |
| Grants | $40,500 |
| Ending Balance | $2,026,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carolina University WinstonSalem, NC | $16,856,188 | $13,786,116 |
Institute For The Psychological Sciences Sterling, VA | $8,909,677 | $11,624,455 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
Atlanta General Education Center Inc Norcross, GA | $3,508,771 | $4,772,601 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Project Discovery Inc Roanoke, VA | $402,058 | $1,230,095 |
Association Of Independent Kentucy College And Universities Inc Frankfort, KY | $2,396,023 | $1,175,464 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |
California University Of Management& Sciences Fairfax, VA | $6,334,873 | $769,746 |
Huntsville Baptist Institute Inc Huntsville, AL | $1,531,999 | $1,030,360 |
Jung Tao School Of Classical Chinese Medicine Sugar Grove, NC | $1,307,787 | $1,203,439 |