Barber-Scotia College Inc
- Assets
- $7.5m
- Revenue
- $322.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 01/1953
- Data as of
- 06/2022
- EIN
- 56-6007078
Organization Overview
Barber-Scotia College Inc is located in Concord, NC. The organization was established in 1953. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barber-Scotia College Inc 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, Barber-Scotia College Inc generated $322.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $205.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 7 years. 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
TO PROVIDE EDUCATION THROUGH A LIBERAL ARTS EDUCATION IN A COMMUNITY CONCERNED WITH THE INTERACTION AND CULTURES OF CHRISTIAN HERITAGE,SCHOLARSHIP,CITIZENSHIP AND LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE __ COLLE GE __ IS __ A __ NON-ACCREDITED _FOUR __ YEAR _POST __ SECONDARY EDUCATION _INS TI TUT ION THA T __ PROVIDE S __ EDUC AT IONAL __ SERVICE S_. __ THE __ COLLEGE _I S __ CURRENTLY PERSUING REINSTATEMENT OF ITS ACADEMIC ACCREDITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Day Pam Board Member | Trustee | $0 | |
Pinckney Roberta Chair Person | Trustee | $0 | |
Grant Eric Board Member | Trustee | $0 | |
Morgan Brian Board Member | Trustee | $0 | |
Flemmings Tracey Interim President | Trustee | $0 | |
Fernandez Tina Vice Chair | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,360 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,047 |
| Total Program Service Revenue | $12,215 |
| Investment income | $92,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,050 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,941 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $2,400 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $124,075 |
| Total functional expenses | $205,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,301 |
| Savings and temporary cash investments | -$50,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,033,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,312,726 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,462,577 |
| Accounts payable and accrued expenses | $10,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,839,762 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$34,666 |
| Total liabilities | $4,815,598 |
| Net assets without donor restrictions | -$1,836,989 |
| Net assets with donor restrictions | $4,483,968 |
| 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 | $7,462,577 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Barber-Scotia College Inc has recieved totaling $63.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $2,207,288 |
| Ending Balance | $2,207,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Virginia Wesleyan University Virginia Beach, VA | $159,824,749 | $67,002,662 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Emory & Henry College Emory, VA | $275,319,124 | $70,928,101 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |