Stillman College
- Assets
- $67.0m
- Revenue
- $63.8m
- Investments
- $15.4m
- Employees
- 461
- Location
- Tuscaloosa, AL
- Founding
- 02/1990
- Data as of
- 06/2021
- EIN
- 63-0315935
Organization Overview
Stillman College is located in Tuscaloosa, AL. The organization was established in 1990. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Stillman College employed 461 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stillman 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, Stillman College generated $63.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $22.9m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 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
THE COLLEGE IS A LIBERAL ARTS INSTITUTION COMMITTED TO FOSTERING ACADEMIC EXCELLENCE AND TO PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY SOCIALLY AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE AND RAPIDLY CHANGING SOCIETY
AUXILIARY ENTERPRISES SUPPORT THE COLLEGE'S MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO FOOD SERVICE CAMPUS HOUSING CAMPUS POST OFFICE VENDING, CAMPUS STORES AND ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Warrick President | Officer | 40 | $190,309 |
Clifford Mccormick VP Of Academic Affairs | 40 | $117,293 | |
Derrick Gilmore Executive VP | 40 | $114,606 | |
Mrs Sarah E Harte Vice Chair | Trustee | 1 | $0 |
Mr Dennis O Driver Chair | Trustee | 1 | $0 |
Rev Michael Bailey Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harper Technologies Llc Educational Service | 6/29/21 | $260,707 |
Metz Culinary Management Food Service | 6/29/21 | $1,152,697 |
Falls Facility Services Inc Janitorial Service | 6/29/21 | $421,837 |
Hymojo Llc Construction | 6/29/21 | $244,898 |
Snow- Blakeney Construction Inc Construction | 6/29/21 | $236,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,896,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,392,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,289,056 |
| Total Program Service Revenue | $9,366,216 |
| Investment income | $2,969,493 |
| 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 | $63,798,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $46,961 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $889,983 |
| Compensation of current officers, directors, key employees. | $889,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,812,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $614,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,322 |
| 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 | $4,065,704 |
| Advertising and promotion | $0 |
| Office expenses | $562,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $72,315 |
| 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 | $1,159,516 |
| Insurance | $773,391 |
| All other expenses | $3,029,869 |
| Total functional expenses | $22,864,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,586,473 |
| Savings and temporary cash investments | $1,038,095 |
| Pledges and grants receivable | $772,800 |
| Accounts receivable, net | $4,744,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,846 |
| Prepaid expenses and deferred charges | $97,215 |
| Net Land, buildings, and equipment | $35,560,582 |
| Investments—publicly traded securities | $6,743,546 |
| Investments—other securities | $15,437,936 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,013,814 |
| Accounts payable and accrued expenses | $972,348 |
| 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 | $4,000,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,973,009 |
| Net assets without donor restrictions | $44,192,878 |
| Net assets with donor restrictions | $17,847,927 |
| 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 | $67,013,814 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stillman College has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Chapman Foundation Greenville, SC PURPOSE: DONATION | $500 |
Endowment Analysis
| Beg. Balance | $17,348,927 |
| Ending Balance | $17,348,927 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant College Inc Lookout Mountain, GA | $98,255,603 | $50,724,767 |
Reinhardt University Waleska, GA | $120,947,179 | $50,634,912 |
Milligan University Milligan, TN | $122,087,054 | $57,184,968 |
Miles College Fairfield, AL | $95,783,028 | $49,621,884 |
Florida Memorial University Inc Miami Gardens, FL | $88,071,695 | $38,959,091 |
Carson-Newman University Jefferson City, TN | $160,428,637 | $65,286,029 |
Tusculum University Greeneville, TN | $114,694,317 | $47,879,632 |
King University Bristol, TN | $69,555,277 | $42,931,439 |
Lagrange College Lagrange, GA | $157,918,154 | $43,354,732 |
Adventhealth University Inc Orlando, FL | $48,086,659 | $41,988,749 |
Tennessee Wesleyan University Athens, TN | $44,814,456 | $36,534,539 |
Lane College Jackson, TN | $65,638,607 | $34,131,294 |