Columbia College
- Assets
- $64.9m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 572
- Location
- Columbia, SC
- Founding
- 05/1950
- Data as of
- 06/2021
- EIN
- 57-0324915
Organization Overview
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 06/2021, Columbia College employed 572 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 06/2021, Columbia College generated $26.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $26.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 6 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
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol A Moore Former President | 40 | $169,846 | |
Francis Schodowski VP - Advancement | Officer | 40 | $129,475 |
Madeleine Schep Provost | Officer | 40 | $117,056 |
Wilma Allen VP - Finance & Admin | Officer | 40 | $108,037 |
Peter Mitchell Former Interim President | Officer | 40 | $95,801 |
Lanae Budden VP - Student Affairs | Officer | 40 | $94,015 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Follett Higher Education Group Educational Products And Services | 6/29/21 | $691,344 |
Vc3 Inc It Support | 6/29/21 | $397,411 |
Prokarma Inc Utility Invoice Management | 6/29/21 | $810,227 |
Sodexo Food Service | 6/29/21 | $2,509,819 |
Total Comfort Service Solutions Hvac Services | 6/29/21 | $374,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,177 |
| Related organizations | $371,612 |
| Government grants | $4,042,184 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,215,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,642,844 |
| Total Program Service Revenue | $19,477,130 |
| Investment income | $602,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,126 |
| Net Gain/Loss on Asset Sales | $362,709 |
| Net Income from Fundraising Events | -$2,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,538,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,546,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $436,816 |
| Compensation of current officers, directors, key employees. | $289,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,719,308 |
| Pension plan accruals and contributions | $308,424 |
| Other employee benefits | $889,742 |
| Payroll taxes | $634,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,119 |
| 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 | $257,859 |
| Advertising and promotion | $464,398 |
| Office expenses | $140,532 |
| Information technology | $233,224 |
| Royalties | $0 |
| Occupancy | $1,129,349 |
| Travel | $204,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,048 |
| Interest | $827,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,692,824 |
| Insurance | $332,908 |
| All other expenses | $1,550,199 |
| Total functional expenses | $26,477,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,724,884 |
| Savings and temporary cash investments | $8,265,920 |
| Pledges and grants receivable | $2,984,136 |
| Accounts receivable, net | $602,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $488,096 |
| Inventories for sale or use | $13,131 |
| Prepaid expenses and deferred charges | $333,502 |
| Net Land, buildings, and equipment | $23,077,314 |
| Investments—publicly traded securities | $25,268,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,695 |
| Total assets | $64,913,420 |
| Accounts payable and accrued expenses | $1,497,590 |
| Grants payable | $0 |
| Deferred revenue | $931,817 |
| Tax-exempt bond liabilities | $11,007,100 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,051,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $911,439 |
| Total liabilities | $19,399,468 |
| Net assets without donor restrictions | $21,630,625 |
| Net assets with donor restrictions | $23,883,327 |
| 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 | $64,913,420 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Columbia College has recieved totaling $335,045.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $170,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $55,500 |
Robert & Janice Mcnair Foundation Houston, TX PURPOSE: MCNAIR SCHOLARSHIP FUNDS FOR DESERVING STUDENTS - 2021 SPRING SEMESTER. | $52,206 |
South Carolina Independent Colleges And Universities Inc Columbia, SC PURPOSE: HIGHER EDUCATION | $36,238 |
Watson-Brown Foundation Inc Thomson, GA PURPOSE: AWARDED SCHOLARSHIP GRANTS | $10,000 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $5,750 |
Endowment Analysis
| Beg. Balance | $20,556,952 |
| Earnings | $6,413,103 |
| Net Contributions | $268,934 |
| Grants | $1,261,540 |
| Ending Balance | $25,999,635 |
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 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |
North Carolina Wesleyan University Rocky Mount, NC | $65,274,015 | $57,107,518 |
Mars Hill University Mars Hill, NC | $168,863,107 | $54,418,250 |