Hollins University Corporation
- Assets
- $354.4m
- Revenue
- $137.8m
- Investments
- $140.8m
- Employees
- 945
- Location
- Roanoke, VA
- Founding
- 02/1925
- Data as of
- 06/2022
- EIN
- 54-0506314
Organization Overview
Hollins University Corporation is located in Roanoke, VA. The organization was established in 1925. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Hollins University Corporation employed 945 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollins University Corporation 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 06/2022, Hollins University Corporation generated $137.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $61.3m during the year ending 06/2022. While expenses have increased by 2.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PRIVATE, NON-PROFIT UNIVERSITY
Describe the Organization's Program Activity:
HOLLINS UNIVERSITY IS A NONPROFIT INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE, GRADUATE, EXCHANGE, AND ABROAD EDUCATION PROGRAMS. THESE PROGRAMS PREPARE OUR STUDENTS FOR LIVES OF ACTIVE LEARNING AND ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hinton President | OfficerTrustee | 40 | $465,864 |
Kerry Edmonds Executive Vice President-Coo | Officer | 40 | $299,351 |
Suzanne Mink Vice President For External Relations | 40 | $151,259 | |
Ashley Browning VP For Enrollment Management | 40 | $135,409 | |
Billy Faires Executive Director, Marketing & Communication | 40 | $121,321 | |
Laura Mclary Provost | 40 | $124,233 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether Godsey Inc Food Services | 6/29/22 | $2,236,270 |
Carilion Healthcare Corp Healthcare Services | 6/29/22 | $510,080 |
Ruffalo Noel Levitz Llc Enrollment Management | 6/29/22 | $278,611 |
Cambridge Associates Llc Investment Management | 6/29/22 | $413,598 |
Capa International Education Lp Abroad Program Services | 6/29/22 | $271,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,577,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,291,689 |
| Noncash contributions included in lines 1a–1f | $14,700,018 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,869,167 |
| Total Program Service Revenue | $39,403,266 |
| Investment income | $427,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,763,698 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,255 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,791,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,664,433 |
| Grants and other assistance to Foreign Orgs/Individuals | $135,765 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $857,507 |
| Compensation of current officers, directors, key employees. | $857,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,584,312 |
| Insurance | $0 |
| All other expenses | $2,347,127 |
| Total functional expenses | $61,331,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,296,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $71,523,632 |
| Accounts receivable, net | $2,248,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $566,523 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,523,961 |
| Investments—publicly traded securities | $73,425,252 |
| Investments—other securities | $140,793,555 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $354,377,705 |
| Accounts payable and accrued expenses | $1,623,882 |
| Grants payable | $0 |
| Deferred revenue | $2,044,080 |
| 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 | $715,080 |
| Total liabilities | $4,383,042 |
| Net assets without donor restrictions | $57,650,590 |
| Net assets with donor restrictions | $292,344,073 |
| 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 | $354,377,705 |