Catawba College
- Assets
- $404.2m
- Revenue
- $275.8m
- Investments
- $30.6k
- Employees
- 677
- Location
- Salisbury, NC
- Founding
- 12/1941
- Data as of
- 05/2022
- EIN
- 56-0530251
Organization Overview
Catawba College is located in Salisbury, NC. The organization was established in 1941. 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, Catawba College employed 677 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catawba 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, Catawba College generated $275.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $61.5m during the year ending 05/2022. While expenses have increased by 2.5% 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
CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATAWBA COLLEGE IS A PRIVATE, COEDUCATIONAL, AND RESIDENTIAL INSTITUTION OFFERING CAREER PREPARATION GROUNDED IN THE LIBERAL ARTS TRADITION. WE OFFER OVER 70 ACADEMIC FIELDS OF STUDY INCLUDING STRONG SCIENCE AND PRE-PROFESSIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David P Nelson President | Officer | 40 | $314,648 |
Margaret K Dees VP Of Development | Officer | 40 | $183,047 |
Drew Davis Vp, General Counsel | Officer | 40 | $168,492 |
Constance L Rogers Lowery Provost | Officer | 40 | $149,309 |
Valerie N Rakes Professor | 40 | $127,020 | |
Joseph Wilson Professor | 40 | $122,578 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Dining Services | 5/30/22 | $3,429,484 |
Edifice Llc Construction | 5/30/22 | $3,428,886 |
Dlr Group Construction | 5/30/22 | $1,002,372 |
Ellucian Company Info Technology | 5/30/22 | $700,170 |
Clark Higher Ed Marketing | 5/30/22 | $667,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,692 |
| Related organizations | $0 |
| Government grants | $5,268,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,882,826 |
| Noncash contributions included in lines 1a–1f | $293,846 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,311,834 |
| Total Program Service Revenue | $40,848,965 |
| Investment income | $1,098,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $537,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,797,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,836,041 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,507,253 |
| Compensation of current officers, directors, key employees. | $879,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,688,894 |
| Pension plan accruals and contributions | $395,718 |
| Other employee benefits | $1,497,425 |
| Payroll taxes | $1,214,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,255 |
| Fees for services: Accounting | $97,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,970,654 |
| Advertising and promotion | $390,630 |
| Office expenses | $930,442 |
| Information technology | $799,845 |
| Royalties | $0 |
| Occupancy | $1,390,997 |
| Travel | $935,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $296,762 |
| Interest | $118,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,239,005 |
| Insurance | $0 |
| All other expenses | $1,362,037 |
| Total functional expenses | $61,529,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,543,564 |
| Savings and temporary cash investments | $15,145,131 |
| Pledges and grants receivable | $1,746,682 |
| Accounts receivable, net | $2,077,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,579 |
| Prepaid expenses and deferred charges | $464,816 |
| Net Land, buildings, and equipment | $74,505,946 |
| Investments—publicly traded securities | $74,119,009 |
| Investments—other securities | $30,611 |
| Investments—program-related | $54,561 |
| Intangible assets | $0 |
| Other assets | $194,482,596 |
| Total assets | $404,243,208 |
| Accounts payable and accrued expenses | $2,148,322 |
| Grants payable | $0 |
| Deferred revenue | $1,391,692 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $160,809 |
| 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 | $2,946,670 |
| Total liabilities | $6,647,493 |
| Net assets without donor restrictions | $48,830,817 |
| Net assets with donor restrictions | $348,764,898 |
| 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 | $404,243,208 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Catawba College has recieved totaling $42,521,999.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $40,669,581 |
Hurley-Trammell Foundation Salisbury, NC PURPOSE: HIGHER EDUCATION | $415,273 |
Organization Name not Listed PURPOSE: PRIVATE UNIVERSITY | | $250,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $215,000 |
Charles A Cannon Charitable Trust N0 One Concord, NC PURPOSE: IT A/V & FIBER NETWORK UPGRADES | $200,000 |
Goodman Foundation Inc Salisbury, NC PURPOSE: CHARITABLE USE | $150,000 |
Endowment Analysis
| Beg. Balance | $88,095,197 |
| Earnings | -$17,004,937 |
| Net Contributions | $213,392,493 |
| Other Expense | $5,507,213 |
| Ending Balance | $278,975,540 |
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 |