Guilford College
- Assets
- $204.6m
- Revenue
- $61.9m
- Investments
- $18.0m
- Employees
- 812
- Location
- Greensboro, NC
- Founding
- 10/1975
- Data as of
- 05/2023
- EIN
- 56-0529982
Organization Overview
Guilford College is located in Greensboro, NC. The organization was established in 1975. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Guilford College employed 812 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guilford 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 05/2023, Guilford College generated $61.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $73.1m during the year ending 05/2023. While expenses have increased by 7.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL PROGRAM LEADING TO A DEGREE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL OPPORTUNITIES FOR 1203 STUDENTS AT THE UNDERGRADUATE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ione L Taylor Chair | OfficerTrustee | 2 | $0 |
David J Hopkins Vice Chair | OfficerTrustee | 2 | $0 |
Brooks Raiford Vice Chair | OfficerTrustee | 2 | $0 |
Daniel D Mosca Secretary | OfficerTrustee | 2 | $0 |
Frederick H Taylor Treasurer | OfficerTrustee | 2 | $0 |
Gilbert D Bailey Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether Godsey Inc Dining Services | 5/30/23 | $3,284,898 |
Follett Higher Education Group Student Ebook Service | 5/30/23 | $535,844 |
Wildfire Llc Marketing And Social Media Services | 5/30/23 | $272,221 |
Audio & Light Inc Audio And Technology Services | 5/30/23 | $256,159 |
Black Tie Transportation Transportation Serivces- Athletics | 5/30/23 | $229,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,689,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,144,235 |
| Noncash contributions included in lines 1a–1f | $602,420 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,833,477 |
| Total Program Service Revenue | $50,549,731 |
| Investment income | $1,003,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,665,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,948,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,085,501 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,551,267 |
| Compensation of current officers, directors, key employees. | $1,551,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,453,390 |
| Pension plan accruals and contributions | $415,779 |
| Other employee benefits | $2,237,244 |
| Payroll taxes | $1,223,838 |
| 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 | $214,368 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $424,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,683,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,879,711 |
| Insurance | $0 |
| All other expenses | $1,907,387 |
| Total functional expenses | $73,147,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,625 |
| Savings and temporary cash investments | $5,056,819 |
| Pledges and grants receivable | $1,726,571 |
| Accounts receivable, net | $5,995,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,675,198 |
| Inventories for sale or use | $31,731 |
| Prepaid expenses and deferred charges | $341,165 |
| Net Land, buildings, and equipment | $97,430,278 |
| Investments—publicly traded securities | $64,619,568 |
| Investments—other securities | $17,982,209 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,773,114 |
| Total assets | $204,633,510 |
| Accounts payable and accrued expenses | $2,002,174 |
| Grants payable | $0 |
| Deferred revenue | $944,797 |
| Tax-exempt bond liabilities | $61,794,573 |
| 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 | $9,538,576 |
| Other liabilities | $7,577,973 |
| Total liabilities | $81,858,093 |
| Net assets without donor restrictions | $41,663,325 |
| Net assets with donor restrictions | $81,112,092 |
| 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 | $204,633,510 |