Spring Hill College
- Assets
- $160.6m
- Revenue
- $45.9m
- Investments
- $19.5m
- Employees
- 598
- Location
- Mobile, AL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 63-0302179
Organization Overview
Spring Hill College is located in Mobile, AL. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Spring Hill College employed 598 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Hill 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, Spring Hill College generated $45.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $40.0m during the year ending 06/2021. 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
SPRING HILL COLLEGE IS A CO-EDUCATIONAL LIBERAL ARTS, JESUIT COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRING HILL COLLEGE IS A CO-EDUCATIONAL INSTITUTION COMMITTED TO THE PRINCIPLE OF EDUCATING MEN AND WOMEN FOR SERVICE TO OTHERS. THE COLLEGE IS A LIBERAL ARTS, JESUIT COLLEGE WHICH OFFERS VARIOUS UNDERGRADUATE AND GRADUATE PROGRAMS. DURING THE ACADEMIC YEAR APPROXIMATELY 1500 STUDENTS WERE PURSUING A DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Christopher Viscardi Sj Trustee | Trustee | 1.5 | $0 |
Thomas A Byrne Jr Trustee And Audit Committe | Trustee | 1.5 | $0 |
Julie A Goolsby Trustee | Trustee | 1.5 | $0 |
Margaret F Cussen Trustee | Trustee | 1.5 | $0 |
Therese Stuckey Trustee | Trustee | 1.5 | $0 |
Patricia Kane Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Catering And Campus Dining | 6/29/22 | $2,441,231 |
Abm Facility Management Services | 6/29/22 | $2,207,766 |
Foster Contracting Contractor | 6/29/22 | $550,553 |
Jenzabar Inc Education Management Services | 6/29/22 | $459,639 |
Clarknikdel Inc Marketing Service | 6/29/22 | $374,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,296,027 |
| Investment income | $291,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $525,069 |
| Net Gain/Loss on Asset Sales | -$3,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,316 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,916,454 |
| 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 | $1,278,395 |
| Other salaries and wages | $12,115,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $738,448 |
| Payroll taxes | $835,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,677 |
| Fees for services: Accounting | $52,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $571,316 |
| Advertising and promotion | $348,406 |
| Office expenses | $1,133,840 |
| Information technology | $688,046 |
| Royalties | $0 |
| Occupancy | $6,016,497 |
| Travel | $272,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,837 |
| Interest | $3,583,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,459,707 |
| Insurance | $411,840 |
| All other expenses | $0 |
| Total functional expenses | $39,998,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,236,671 |
| Pledges and grants receivable | $1,392,051 |
| Accounts receivable, net | $5,347,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,908 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $216,983 |
| Investments—other securities | $19,544,046 |
| Investments—program-related | $18,767,428 |
| Intangible assets | $0 |
| Other assets | $16,044,400 |
| Total assets | $160,618,892 |
| Accounts payable and accrued expenses | $3,945,413 |
| Grants payable | $0 |
| Deferred revenue | $1,848,583 |
| Tax-exempt bond liabilities | $56,319,634 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $400,000 |
| Unsecured mortgages and notes payable | $4,000,000 |
| Other liabilities | $2,014,937 |
| Total liabilities | $68,528,567 |
| 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 | $92,090,325 |