Remington College
- Assets
- $32.0m
- Revenue
- $54.8m
- Investments
- $0.0
- Employees
- 502
- Location
- Knoxville, TN
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-3339369
Organization Overview
Remington College is located in Knoxville, TN. The organization was established in 2010. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Remington College employed 502 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Remington 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 12/2021, Remington College generated $54.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $54.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 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
POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
REMINGTON COLLEGE CONTRIBUTED TO THE PUBLIC GOOD BY PROVIDING RELEVANT, CAREER-FOCUSED EDUCATION THAT HELPED STUDENTS ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND ABILITIES NECESSARY TO OBTAIN POSITIONS IN THEIR CHOSEN CAREER FIELDS. REMINGTON COLLEGE PROVIDED A CARING LEARNING ENVIRONMENT IN WHICH A TECHNICALLY RICH, INTELLECTUALLY STIMULATING, QUALITY EDUCATION WAS DELIVERED BY A DEDICATED FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Bell President | Officer | 40 | $372,865 |
Brandon Shedron Provost | Officer | 40 | $255,640 |
Adam Martin General Counsel/sr VP Of Hr | Officer | 40 | $199,040 |
Todd Zvaigzne VP Of Educational Support/campus Admin | Officer | 40 | $165,462 |
Jeremy Alley Chief Financial Officer/controller | Officer | 40 | $146,899 |
Michael Rhodes Sr VP Of Enrollment Services | Officer | 40 | $144,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
I3 Group Llc Outsourced Default Management Group | 12/30/21 | $189,996 |
Cdl Marketing Group Lead Supplier | 12/30/21 | $193,270 |
Ynot Marketing Llc Dialer And Lead Management System | 12/30/21 | $241,640 |
Salted Creative Llc Web Developer/maintains Canvas/course De | 12/30/21 | $469,679 |
Husch Blackwell Legal Services | 12/30/21 | $201,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $54,796,288 |
| Investment income | $225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,804,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,728,388 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,106,009 |
| Compensation of current officers, directors, key employees. | $547,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,887,382 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $679,911 |
| Payroll taxes | $1,524,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $347,709 |
| 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 | $1,185,562 |
| Advertising and promotion | $4,993,476 |
| Office expenses | $1,201,956 |
| Information technology | $760,687 |
| Royalties | $0 |
| Occupancy | $8,341,560 |
| Travel | $98,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,724 |
| Interest | $331,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,956,434 |
| Insurance | $743,583 |
| All other expenses | $653,638 |
| Total functional expenses | $54,587,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,223,565 |
| Savings and temporary cash investments | $7,840,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,080,628 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,324 |
| Prepaid expenses and deferred charges | $1,052,663 |
| Net Land, buildings, and equipment | $2,451,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,534,599 |
| Other assets | $783,816 |
| Total assets | $31,970,375 |
| Accounts payable and accrued expenses | $2,770,792 |
| Grants payable | $0 |
| Deferred revenue | $3,519,681 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $80,822,506 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $739,602 |
| Total liabilities | $87,852,581 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$55,882,206 |
| Total liabilities and net assets/fund balances | $31,970,375 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Remington College has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Rockbridge Bath And Alleghany Lexington, VA | | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |