Judson College
- Assets
- $29.5m
- Revenue
- $650.4k
- Investments
- $0.0
- Employees
- 176
- Location
- Marion, AL
- Founding
- 12/1931
- Data as of
- 06/2022
- EIN
- 63-0288850
Organization Overview
Judson College is located in Marion, AL. The organization was established in 1931. 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, Judson College employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Judson 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, Judson College generated $650.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. 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
TO PROVIDE CHRISTIAN HIGHER EDUCATION IN THE ARTS AND SCIENCES FOR WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES WERE PRIMARILY MAINTAINING THE PROPERTY AND BUILDINGS OF THE COLLEGE AND WORKING WITH CREDITORS TO SATISFY DEBT OBLIGATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Timothy Mcox Trustee | Trustee | 2 | $0 |
Mr Charles F Dunkin Trustee | Trustee | 2 | $0 |
Dr Roger D Willmore Trustee | Trustee | 2 | $0 |
Ms Jackie Brunson Trustee | Trustee | 2 | $0 |
Mrs Anne W Shumaker Trustee | Trustee | 2 | $0 |
Rev David Byrd Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/19 | $772,380 |
Comfort Systems Usa Hvac Equipment And Maintenance | 6/29/19 | $107,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $108,925 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,418 |
| Total Program Service Revenue | $15,771 |
| Investment income | $17,209 |
| 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 | $650,398 |
| 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 | $627,450 |
| Pension plan accruals and contributions | $10,714 |
| Other employee benefits | $59,113 |
| Payroll taxes | $69,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585,336 |
| 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 | $3,392 |
| Office expenses | $39,315 |
| Information technology | $59,915 |
| Royalties | $0 |
| Occupancy | $293,128 |
| Travel | $5,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $777,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $121,368 |
| All other expenses | $0 |
| Total functional expenses | $3,044,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $411,918 |
| 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 | $10,910,880 |
| Investments—publicly traded securities | $9,533,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,476,226 |
| Total assets | $29,457,821 |
| Accounts payable and accrued expenses | $253,976 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,030,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,819,902 |
| Unsecured mortgages and notes payable | $2,684,251 |
| Other liabilities | $0 |
| Total liabilities | $14,788,129 |
| Net assets without donor restrictions | -$5,836,606 |
| Net assets with donor restrictions | $20,506,298 |
| 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 | $29,457,821 |