Catawba College
- Assets
- $442.2m
- Revenue
- $98.7m
- Investments
- $0.0
- Employees
- 686
- Location
- Salisbury, NC
- Founding
- 12/1941
- Data as of
- 05/2023
- 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 05/2023, Catawba College employed 686 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 05/2023, Catawba College generated $98.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $67.9m during the year ending 05/2023. While expenses have increased by 3.5% per year over the past 8 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
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 |
|---|---|---|---|
Robert B Arnold Jr Chairman | OfficerTrustee | 1 | $0 |
Barbara L Marshall Vice Chairman | OfficerTrustee | 1 | $0 |
Ronald J Maccaroni Treasurer | OfficerTrustee | 1 | $0 |
C Shuford Abernethy III Director | Trustee | 1 | $0 |
Gregory M Alcorn Director | Trustee | 1 | $0 |
Mark G Alexander Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edifice Llc Construction | 5/30/23 | $7,395,454 |
Chartwells Dining Services Dining Services | 5/30/23 | $1,782,463 |
Clark's Printing Service Dba Clark Commu Communications | 5/30/23 | $583,490 |
Dlr Group Construction | 5/30/23 | $498,991 |
Ellucian Company Info Technology | 5/30/23 | $363,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,428 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,915,321 |
| Noncash contributions included in lines 1a–1f | $109,702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,968,749 |
| Total Program Service Revenue | $41,870,027 |
| Investment income | $2,093,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,688,567 |
| Net Income from Fundraising Events | $86,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,707,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,162,772 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,315,723 |
| Compensation of current officers, directors, key employees. | $738,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,588,401 |
| Pension plan accruals and contributions | $695,481 |
| Other employee benefits | $2,572,301 |
| Payroll taxes | $1,297,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,397 |
| Fees for services: Accounting | $142,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,308,824 |
| Advertising and promotion | $392,374 |
| Office expenses | $630,485 |
| Information technology | $549,994 |
| Royalties | $0 |
| Occupancy | $2,236,399 |
| Travel | $1,529,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $475,022 |
| Interest | $37,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,827,162 |
| Insurance | $588,455 |
| All other expenses | $1,247,765 |
| Total functional expenses | $67,931,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,780,361 |
| Savings and temporary cash investments | $8,656,489 |
| Pledges and grants receivable | $772,598 |
| Accounts receivable, net | $1,919,818 |
| 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 | $772,990 |
| Net Land, buildings, and equipment | $83,664,257 |
| Investments—publicly traded securities | $88,627,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,895,866 |
| Total assets | $442,162,950 |
| Accounts payable and accrued expenses | $2,481,825 |
| Grants payable | $0 |
| Deferred revenue | $1,050,062 |
| 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 | $6,611,747 |
| Total liabilities | $10,143,634 |
| Net assets without donor restrictions | $56,167,125 |
| Net assets with donor restrictions | $375,852,191 |
| 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 | $442,162,950 |