Everglades College Inc
- Assets
- $670.3m
- Revenue
- $647.3m
- Investments
- $0.0
- Employees
- 4,081
- Location
- Ft Lauderdale, FL
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 65-0216638
Organization Overview
Everglades College Inc, operating under the name Keiser Univ & Everglades Univ, is located in Ft Lauderdale, FL. The organization was established in 2001. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2022, Keiser Univ & Everglades Univ employed 4,081 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keiser Univ & Everglades Univ 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 12/2021, Keiser Univ & Everglades Univ generated $647.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $573.3m during the year ending 12/2021. While expenses have increased by 3.6% 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
KEISER UNIVERSITY AND EVERGLADES UNIVERSITY ARE REGIONALLY ACCREDITED PRIVATE CAREER UNIVERSITIES THAT PROVIDE EDUCATIONAL PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR A DIVERSE STUDENT BODY IN TRADITIONAL, NONTRADITIONAL AND ONLINE DELIVERY FORMATS. THE MAIN CAMPUS IS LOCATED IN FORT LAUDERDALE, WITH CAMPUSES LOCATED THROUGHOUT THE STATE OF FLORIDA AND INTERNATIONALLY. THROUGH QUALITY TEACHING, LEARNING AND RESEARCH, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLSNECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO A "STUDENTS FIRST" PHILOSOPHY, KEISER UNIVERSITY PREPARES GRADUATES FOR CAREERS IN BUSINESS, CRIMINAL JUSTICE, HEALTH CARE, TECHNOLOGY, HOSPITALITY, EDUCATION AND CAREER-FOCUSED STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEISER UNIVERSITY AND EVERGLADES UNIVERSITY PROVIDE EDUCATIONAL PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR A DIVERSE STUDENT BODY IN TRADITIONAL, NON-TRADITIONAL AND ONLINE DELIVERY FORMATS. THIS ACTIVITY CONSTITUTES 100% OF ITS PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Kondracki Trustee | Trustee | 7 | $500 |
Gregg Wallick Chairman /president | OfficerTrustee | 7 | $500 |
Joshua Fordin Trustee | Trustee | 7 | $500 |
Frank Frione Trustee | Trustee | 7 | $0 |
Michael Viola Trustee | Trustee | 7 | $0 |
Manuel Mair Trustee | Trustee | 7 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eddy Holdings Advertising | 12/30/22 | $90,841,842 |
Sodexo Inc Hospitality Mgmnt | 12/30/22 | $8,899,986 |
Cigna Healthcare Healthcare | 12/30/22 | $23,521,101 |
Follett Higher Education Group Inc Book Store Management | 12/30/22 | $13,642,476 |
Gragg Advertising Advertising | 12/30/22 | $4,777,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,600,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,897,318 |
| Total Program Service Revenue | $577,527,824 |
| Investment income | $3,370,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,441 |
| 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 | $647,335,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,681,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,652,168 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,552,252 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $177,586,707 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,643,066 |
| Other employee benefits | $17,807,724 |
| Payroll taxes | $13,513,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,854,097 |
| Fees for services: Accounting | $683,130 |
| Fees for services: Lobbying | $398,102 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,592,499 |
| Fees for services: Other | $0 |
| Advertising and promotion | $103,260,948 |
| Office expenses | $4,910,068 |
| Information technology | $7,585,827 |
| Royalties | $0 |
| Occupancy | $46,413,126 |
| Travel | $2,770,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,067 |
| Interest | $3,983,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,739,396 |
| Insurance | $3,968,600 |
| All other expenses | $22,280,698 |
| Total functional expenses | $573,347,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,252,277 |
| Savings and temporary cash investments | $135,545,066 |
| Pledges and grants receivable | $3,724,441 |
| Accounts receivable, net | $29,360,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,360,350 |
| Inventories for sale or use | $40,194 |
| Prepaid expenses and deferred charges | $9,779,669 |
| Net Land, buildings, and equipment | $109,964,076 |
| Investments—publicly traded securities | $62,218,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $236,269,507 |
| Other assets | $7,780,051 |
| Total assets | $670,294,753 |
| Accounts payable and accrued expenses | $57,290,323 |
| Grants payable | $171 |
| Deferred revenue | $53,714,789 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $49,734,345 |
| Secured mortgages and notes payable | $37,400,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $198,140,035 |
| Net assets without donor restrictions | $471,072,718 |
| Net assets with donor restrictions | $1,082,000 |
| 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 | $670,294,753 |
Grants Awarded
Over the last fiscal year, Everglades College Inc has awarded $3,514,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WEBBER INTERNATIONAL UNIVERSITY PURPOSE: Programs/Admin | $2,514,000 |
SAINT ANDREWS UNIVERSITY PURPOSE: Programs/Admin | $1,000,000 |