Columbia College is located in Columbia, SC. The organization was established in 1950. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Columbia College employed 583 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia 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 06/2022, Columbia College generated $31.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $31.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
COLUMBIA COLLEGE PROVIDES EDUCATIONAL OPPORTUNITIES THAT DEVELOP STUDENTS' CAPACITY FOR CRITICAL THOUGHT AND EXPRESSION, LIFE-LONG LEARNING, ACCEPTANCE OF PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT AID - INCLUDES EXPENDITURES FOR ALL FORMS OF FINANCIAL AID TO STUDENTS
INSTRUCTION - EXPENDITURES FOR ACADEMIC INSTRUCTIONAL DEPARTMENTS WITHIN THE COLLEGE
STUDENT SERVICES - MAJOR EXPENDITURES IN THIS OFFICE ARE FOR THE ADMISSIONS OFFICE, FINANCIAL AID OFFICE, AND REGISTRAR'S OFFICE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas C Keith Chairman | Trustee | 0 | $0 |
Kimberly Wellman Vice Chairman | Trustee | 0 | $0 |
John Marshall Mosser Secretary | Trustee | 0 | $0 |
Charlotte L Berry Trustee | Trustee | 0 | $0 |
Rev Tiffany D Knowlin Boykin Trustee | Trustee | 0 | $0 |
Ruth Anne M Collins Trustee | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sodexo Food Service | 6/29/22 | $2,509,819 |
Prokarma Inc Utility Invoice Management | 6/29/22 | $810,227 |
Follett Higher Education Group Education Services And Products | 6/29/22 | $691,344 |
Vc3 Inc It Support | 6/29/22 | $397,411 |
Total Comfort Service Solutions Hvac Services | 6/29/22 | $374,264 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $13,570 |
Related organizations | $364,411 |
Government grants | $5,165,975 |
All other contributions, gifts, grants, and similar amounts not included above | $1,310,817 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,854,773 |
Total Program Service Revenue | $22,473,280 |
Investment income | $1,282,941 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $102,639 |
Net Gain/Loss on Asset Sales | $818,683 |
Net Income from Fundraising Events | $5,837 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $31,934,431 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,962,034 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $746,137 |
Compensation of current officers, directors, key employees. | $558,822 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,306,442 |
Pension plan accruals and contributions | $389,399 |
Other employee benefits | $1,217,561 |
Payroll taxes | $735,925 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,300 |
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 | $291,296 |
Advertising and promotion | $487,550 |
Office expenses | $162,395 |
Information technology | $345,114 |
Royalties | $0 |
Occupancy | $1,387,209 |
Travel | $427,864 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $27,451 |
Interest | $766,992 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,568,702 |
Insurance | $302,375 |
All other expenses | $1,966,498 |
Total functional expenses | $31,122,177 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,981,623 |
Savings and temporary cash investments | $6,502,753 |
Pledges and grants receivable | $2,046,881 |
Accounts receivable, net | $1,366,892 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $443,710 |
Inventories for sale or use | $15,682 |
Prepaid expenses and deferred charges | $515,758 |
Net Land, buildings, and equipment | $23,243,799 |
Investments—publicly traded securities | $19,616,197 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $466,351 |
Total assets | $60,199,646 |
Accounts payable and accrued expenses | $1,667,600 |
Grants payable | $0 |
Deferred revenue | $2,106,238 |
Tax-exempt bond liabilities | $11,025,600 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,772,124 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $825,932 |
Total liabilities | $20,397,494 |
Net assets without donor restrictions | $19,274,345 |
Net assets with donor restrictions | $20,527,807 |
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 | $60,199,646 |