Guilford College
- Assets
- $214.1m
- Revenue
- $54.6m
- Investments
- $85.5m
- Employees
- 688
- Location
- Greensboro, NC
- Founding
- 10/1975
- Data as of
- 05/2022
- 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 05/2022, Guilford College employed 688 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 05/2022, Guilford College generated $54.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $48.4m during the year ending 05/2022. While expenses have increased by 0.9% 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
2022
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 1192 STUDENTS AT THE UNDERGRADUATE LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Fernandes President Through 6/30/21 | Officer | 40 | $185,169 |
Barbara Lawrence VP Diversity,equity,inclus | 40 | $145,341 | |
James Hood Interim President Beg. 7/1/21 | Officer | 40 | $118,791 |
Melanie Lee Brown Professor Of Biology | 40 | $112,849 | |
Frank Boyd VP Academic Affairs & Acad | 40 | $106,840 | |
Roger Degerman VP For Marketing | Officer | 40 | $104,719 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Modern Edge Technologies Electrical Services | 5/30/22 | $178,965 |
Wildfire Llc Marketing Services | 5/30/22 | $277,806 |
Eab Enrollment/admission Fees | 5/30/22 | $149,696 |
Fox Rothschild Llp Legal Services | 5/30/22 | $151,885 |
Black Tie Transportation Transportation Services | 5/30/22 | $143,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,153,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,439,767 |
| Noncash contributions included in lines 1a–1f | $1,126,037 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,593,378 |
| Total Program Service Revenue | $27,682,886 |
| Investment income | $572,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,708,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,557,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,230,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,064,872 |
| Compensation of current officers, directors, key employees. | $2,064,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,801,858 |
| Pension plan accruals and contributions | $971,747 |
| Other employee benefits | $1,998,826 |
| Payroll taxes | $1,099,861 |
| 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 | $251,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,378,566 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,568,343 |
| Insurance | $0 |
| All other expenses | $370,121 |
| Total functional expenses | $48,352,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,625 |
| Savings and temporary cash investments | $10,508,495 |
| Pledges and grants receivable | $3,177,627 |
| Accounts receivable, net | $5,334,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,145,165 |
| Inventories for sale or use | $39,195 |
| Prepaid expenses and deferred charges | $154,403 |
| Net Land, buildings, and equipment | $100,878,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $85,520,619 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,347,526 |
| Total assets | $214,106,962 |
| Accounts payable and accrued expenses | $790,640 |
| Grants payable | $0 |
| Deferred revenue | $55,836 |
| Tax-exempt bond liabilities | $63,150,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,773,745 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,270,333 |
| Total liabilities | $77,040,554 |
| Net assets without donor restrictions | $46,734,222 |
| Net assets with donor restrictions | $90,332,186 |
| 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 | $214,106,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Guilford College has recieved totaling $37,500.
| Awarding Organization | Amount |
|---|---|
Benzien Family Foundation Inc Portland, OR PURPOSE: UNRESTRICTED/GENERAL OP | $37,500 |
Endowment Analysis
| Beg. Balance | $100,418,206 |
| Earnings | -$5,215,417 |
| Admin Expense | $248,066 |
| Net Contributions | $3,652,684 |
| Other Expense | $5,599,104 |
| Grants | $2,635,091 |
| Ending Balance | $90,373,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
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 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |