Austin College
- Assets
- $297.1m
- Revenue
- $79.4m
- Investments
- $28.7k
- Employees
- 923
- Location
- Sherman, TX
- Founding
- 05/1946
- Data as of
- 06/2020
- EIN
- 75-0827409
Organization Overview
Austin College is located in Sherman, TX. 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 06/2021, Austin College employed 923 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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 06/2020, Austin College generated $79.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $80.2m during the year ending 06/2020. While expenses have increased by 2.2% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AUSTIN COLLEGE IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES IN ORDER TO PREPARE THEM FOR REWARDING CAREERS AND FOR FULL, ENGAGED AND MEANINGFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL: THE COLLEGE PROVIDED EDUCATION FOR 1,324 UNDERGRADUATE AND GRADUATE STUDENTS. THE COLLEGE CONFERRED DEGREES UPON 261 STUDENTS.
RESIDENTIAL LIVING: THE COLLEGE PROVIDED HOUSING FOR 916 STUDENTS WHO RESIDED ON CAMPUS.
FOOD SERVICE: 640 STUDENTS PURCHASED MEAL PLANS. IN ADDITION TO SERVING THESE STUDENTS THE COLLEGE ALSO PROVIDED FOOD SERVICE FOR SPECIAL EVENTS AND THE MANY FACULTY, STAFF AND OTHER STUDENTS SERVED ON A CASH BASIS.
STUDENT SERVICES SUCH AS EXTRA-CURRICULAR PROGRAMMING, HEALTH SERVICES, LOAN CANCELLATIONS FOR STUDENTS, OPERATIONS AND MAINTENANCE OF FACILITIES FOR INSTRUCTIONAL PURPOSES AS WELL AS ACADEMIC SUPPORT FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven O'day President | Officer | 40 | $356,432 |
Heidi B Ellis VP Business Affairs | Officer | 40 | $181,903 |
Beth Gill VP Academic Affairs | Officer | 40 | $173,329 |
David Griffith Dean Of Social Sciences | 40 | $135,448 | |
Gillian Locke VP Institutional Advancement | Officer | 40 | $132,803 |
Timothy P Millerick VP Student Affairs | Officer | 40 | $126,367 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kwa Construction Lp Construction Work | 6/29/21 | $4,999,177 |
Collegiate Association Resource Benefits Administration | 6/29/21 | $4,133,653 |
Ruffalocody Holdings Llc Dba Ruffalo Noe Consulting Work | 6/29/21 | $877,619 |
Piazza Construction Llc Construction Work | 6/29/21 | $2,128,110 |
Lloyd Plyler Construction Llp Construction Work | 6/29/21 | $374,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,104,663 |
| Investment income | $4,813,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$18,489 |
| Net Gain/Loss on Asset Sales | -$3,531,270 |
| Net Income from Fundraising Events | -$8,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,413,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,855,526 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,091,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,645,825 |
| Pension plan accruals and contributions | $1,147,772 |
| Other employee benefits | $3,054,963 |
| Payroll taxes | $1,183,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $87,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,482 |
| Fees for services: Investment Management | $511,855 |
| Fees for services: Other | $657,417 |
| Advertising and promotion | $618,157 |
| Office expenses | $814,228 |
| Information technology | $438,599 |
| Royalties | $0 |
| Occupancy | $3,790 |
| Travel | $1,433,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,251 |
| Interest | $2,207,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,507,977 |
| Insurance | $416,220 |
| All other expenses | $0 |
| Total functional expenses | $80,245,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,482 |
| Savings and temporary cash investments | $33,033,128 |
| Pledges and grants receivable | $18,002,491 |
| Accounts receivable, net | $1,214,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,457,230 |
| Inventories for sale or use | $72,524 |
| Prepaid expenses and deferred charges | $1,051,197 |
| Investments—publicly traded securities | $128,803,055 |
| Investments—other securities | $28,675 |
| Investments—program-related | $4,208,989 |
| Intangible assets | $0 |
| Other assets | $2,691,907 |
| Total assets | $297,085,241 |
| Accounts payable and accrued expenses | $11,210,785 |
| Grants payable | $0 |
| Deferred revenue | $912,379 |
| 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 | $44,429,569 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $349,855 |
| Total liabilities | $56,902,588 |
| 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 | $240,182,653 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Austin College has recieved totaling $15,097,769.
| Awarding Organization | Amount |
|---|---|
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,087,669 |
The Nation Foundation Dallas, TX PURPOSE: EDUCATION | $10,000 |
Mcclane Brown Family Foundation Waco, TX PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $158,242,859 |
| Earnings | $34,278,669 |
| Admin Expense | $423,452 |
| Net Contributions | $1,020,250 |
| Other Expense | $3,000,606 |
| Grants | $5,345,264 |
| Ending Balance | $184,772,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
Dallas Baptist University Dallas, TX | $231,209,561 | $142,120,388 |
Oral Roberts University Tulsa, OK | $267,470,829 | $191,939,533 |
Xavier University Of Louisiana New Orleans, LA | $472,117,353 | $172,171,417 |