Coker University
- Assets
- $75.7m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 427
- Location
- Hartsville, SC
- Founding
- 08/1934
- Data as of
- 06/2022
- EIN
- 57-0324916
Organization Overview
Coker University is located in Hartsville, SC. The organization was established in 1934. 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, Coker University employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coker University 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, Coker University generated $28.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $25.2m during the year ending 06/2022. While expenses have increased by 1.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COKER UNIVERSITY IS A STUDENT-CENTERED, COMPREHENSIVE UNIVERSITY. IT IS DEDICATED TO PROVIDING EVERY STUDENT AN ACADEMIC CURRICULUM BASED UPON A UNIFORMLY EXCELLENT LIBERAL ARTS CORE THAT ENHANCES THE STRUCTURED DEVELOPMENT OF KEY PERSONAL SKILLS. THE UNIVERSITY'S GOAL IS TO GRADUATE STUDENTS WITH THE ABILITY TO THINK ANALYTICALLY AND CREATIVELY, AND TO WRITE AND SPEAK EFFECTIVELY.
Describe the Organization's Program Activity:
COKER UNIVERSITY IS A STUDENT-CENTERED, COMPREHENSIVE UNIVERSITY. IT IS DEDICATED TO PROVIDING EVERY STUDENT AN ACADEMIC CURRICULUM BASED UPON A UNIFORMLY EXCELLENT LIBERAL ARTS CORE THAT ENHANCES THE STRUCTURED DEVELOPMENT OF KEY PERSONAL SKILLS. THE UNIVERSITY'S GOAL IS TO GRADUATE STUDENTS WITH THE ABILITY TO THINK ANALYTICALLY AND CREATIVELY, AND TO WRITE AND SPEAK EFFECTIVELY. EXPERIENCES BOTH IN AND OUT OF THE CLASSROOM ARE FOCUSED ON ACTIVE STUDENT INVOLVEMENT AND THE PRACTICAL APPLICATION OF ACADEMIC KNOWLEDGE THAT LEAD TO LIFELONG LEARNING. COKER MEASURES ITS SUCCESS BY THE PERSONAL AND PROFESSIONAL ACCOMPLISHMENTS ENJOYED BY ALL MEMBERS OF THE ACADEMIC COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Harder President | Officer | 37.5 | $293,386 |
Carolyn Hart Dean Of Nursing | 37.5 | $142,104 | |
Lynn Griffin VP Athletics | 37.5 | $136,039 | |
Patrick Riccards Vice President, College Experience & Chief Communi | 37.5 | $121,001 | |
Andrew Burkemper Director Entrepreneurship Initiatives | 37.5 | $115,911 | |
Eric Litton Assistant Professor Of Business | 37.5 | $108,571 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo & Affiliates Dining Service | 6/29/22 | $1,562,128 |
National Management Resources Campus Maint/repair | 6/29/22 | $1,149,945 |
Musco Corporation Athletics Lighting Project | 6/29/22 | $1,025,000 |
Alpha Omega Construction Grp Roof Replacement | 6/29/22 | $615,768 |
Stone Restoration Of America Inc Concrete & Steel Repairs | 6/29/22 | $488,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,466,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,640,018 |
| Noncash contributions included in lines 1a–1f | $200,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,106,418 |
| Total Program Service Revenue | $14,031,433 |
| Investment income | $1,330,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,603 |
| Net Gain/Loss on Asset Sales | $490,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $62,672 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,046,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $374,302 |
| Compensation of current officers, directors, key employees. | $50,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,660,403 |
| Pension plan accruals and contributions | $16,230 |
| Other employee benefits | $967,318 |
| Payroll taxes | $660,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,895 |
| Fees for services: Accounting | $48,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $99,036 |
| Office expenses | $549,593 |
| Information technology | $429,534 |
| Royalties | $0 |
| Occupancy | $1,153,136 |
| Travel | $553,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,602 |
| Interest | $451,394 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,613,943 |
| Insurance | $406,696 |
| All other expenses | $0 |
| Total functional expenses | $25,240,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,556,351 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $1,861,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $194,396 |
| Inventories for sale or use | $83,026 |
| Prepaid expenses and deferred charges | $367,317 |
| Net Land, buildings, and equipment | $39,446,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,959,085 |
| Intangible assets | $0 |
| Other assets | $203,900 |
| Total assets | $75,721,528 |
| Accounts payable and accrued expenses | $1,358,020 |
| Grants payable | $0 |
| Deferred revenue | $616,703 |
| 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 | $12,350,852 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,325,575 |
| Net assets without donor restrictions | $32,596,666 |
| Net assets with donor restrictions | $28,799,287 |
| 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 | $75,721,528 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Coker University has recieved totaling $388,675.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $137,000 |
The Charles W And Elizabeth H Coker Foundation Darlington, SC PURPOSE: GENERAL PURPOSE | $100,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $40,000 |
South Carolina Independent Colleges And Universities Inc Columbia, SC PURPOSE: HIGHER EDUCATION | $37,284 |
The Charles W And Elizabeth H Coker Foundation Darlington, SC PURPOSE: KALMIA GARDENDS | $25,000 |
Kurt Weill Foundation For Music New York, NY PURPOSE: UNIVERSITY PERFORMANCE | $10,000 |
Endowment Analysis
| Beg. Balance | $37,227,274 |
| Earnings | -$4,167,654 |
| Admin Expense | $126,684 |
| Net Contributions | $153,585 |
| Other Expense | $765,604 |
| Grants | $596,000 |
| Ending Balance | $31,724,917 |
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 |