City College Inc
- Assets
- $20.7m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 347
- Location
- Fort Lauderdale, FL
- Founding
- 11/1992
- Data as of
- 09/2021
- EIN
- 65-0000627
Organization Overview
City College Inc is located in Fort Lauderdale, FL. The organization was established in 1992. As of 09/2021, City College Inc employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City 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 09/2021, City College Inc generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $9.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND TRAIN STUDENTS IN THEIR CHOSEN MAJOR FOR EMPLOYMENT IN SPECIFIC CAREER FIELDS. COLLEGE DEGREES ARE AWARDED BASED ON THE SUCCESSFUL COMPLETION OF REQUIRED COURSEWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY COLLEGE OFFERS DIPLOMAS, ASSOCIATE DEGREES AND BACHELOR DEGREES. THERE ARE DIPLOMAS IN MEDICAL ASSISTING AND EMERGENCY MEDICAL TECHNICIAN. THERE ARE ASSOCIATE DEGREES IN BUSINESS ADMINISTRATION, NURSING, MEDICAL ASSISTING, MEDICAL OFFICE ADMINISTRATION, LEGAL ASSISTING, BROADCASTING, PRIVATE INVESTIGATION SERVICES, SURGICAL TECHNOLOGY, ANESTHESIA TECHNOLOGY, VETERINARY SCIENCE TECHNOLOGY, HEALTH INFORMATION TECHNOLOGY, AND CARDIOVASCULAR SONOGRAPHY. THERE ARE BACHELOR DEGREES IN BUSINESS ADMINISTRATION, MANAGEMENT MAJOR AND HEALTH CARE ADMINISTRATION. THE SCHOOL SERVED 1,828 DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Esther Curry President/director | OfficerTrustee | 40 | $318,462 |
Suzanne Morrison-Williams VP Academics | Officer | 40 | $145,231 |
Jeffrey Clayton VP Of Information Technolo | Officer | 40 | $123,983 |
Brian Quirk Executive Director -Alt | 40 | $104,700 | |
Stephen Friskney Director | Trustee | 1 | $0 |
David Meek Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Level Agency Marketing Agency | 9/29/21 | $146,548 |
Montgomery Executive Center Real Estate Management | 9/29/21 | $144,018 |
2085 Lex Operating Corporation Real Estate Management | 9/29/21 | $131,460 |
Dadeland Towers North Associate Real Estate Management | 9/29/21 | $186,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,316,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,316,845 |
| Total Program Service Revenue | $7,175,712 |
| Investment income | $52,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $768,624 |
| Net Gain/Loss on Asset Sales | $4,030,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,381,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $245,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $616,549 |
| Compensation of current officers, directors, key employees. | $616,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,655,361 |
| Pension plan accruals and contributions | $600 |
| Other employee benefits | $200,810 |
| Payroll taxes | $335,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $177,654 |
| Fees for services: Accounting | $117,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $869,542 |
| Office expenses | $186,128 |
| Information technology | $333,413 |
| Royalties | $0 |
| Occupancy | $1,514,151 |
| Travel | $16,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,463 |
| Interest | $3,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,055 |
| Insurance | $309,240 |
| All other expenses | $0 |
| Total functional expenses | $9,385,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,032 |
| Savings and temporary cash investments | $62,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $30,000 |
| Investments—publicly traded securities | $20,249,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,687,761 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $20,687,761 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,687,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City College Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Lyford Cay Foundation Inc Greenwich, CT PURPOSE: SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION | $7,500 |
Endowment Analysis
| Beg. Balance | $58,042 |
| Ending Balance | $58,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Webber International University Inc Babson Park, FL | $22,918,487 | $19,317,100 |
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Ave Maria School Of Law Naples, FL | $21,394,119 | $23,155,503 |
Ashley Hall Foundation Charleston, SC | $53,552,404 | $18,962,378 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Fayetteville Area Health Education Foundation Inc Fayetteville, NC | $34,117,990 | $20,916,685 |
Mississippi Community Education Center Jackson, MS | $16,617,573 | $26,875,315 |
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |