Agnes Scott College
- Assets
- $367.1m
- Revenue
- $93.2m
- Investments
- $79.7m
- Employees
- 876
- Location
- Decatur, GA
- Founding
- 11/1945
- Data as of
- 06/2022
- EIN
- 58-0566116
Organization Overview
Agnes Scott College is located in Decatur, GA. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Agnes Scott College employed 876 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agnes Scott 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, Agnes Scott College generated $93.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $89.4m during the year ending 06/2022. While expenses have increased by 2.5% 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
EDUCATING WOMEN TO THINK DEEPLY, LIVE HONORABLY & ENGAGE THE CHALLENGES OF THEIR TIMES.
Describe the Organization's Program Activity:
STUDENT AID ENCOMPASSES DIRECT FINANCIAL AID PROVIDED BY THE COLLEGE TO FACILITATE ITS STUDENTS' PURSUIT OF A COLLEGE EDUCATION.
ALL OTHER PROGRAM SERVICES.
INSTRUCTION IS PROVIDED BY FULL-TIME FACULTY AND PART-TIME FACULTY MEMBERS REPRESENTING NUMEROUS ACADEMIC DEPARTMENTS.
ACADEMIC SUPPORT COMPRISES INFORMATION TECHNOLOGY SERVICES, REGISTRAR, ACADEMIC ADVISING, FACULTY SERVICES, LIBRARY, ETC. THESE ADMINISTRATIVE OFFICES ASSIST THE COLLEGE IN ITS EDUCATIONAL MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Noe Chair | OfficerTrustee | 2 | $0 |
Loucy Hay Vice Chair | OfficerTrustee | 2 | $0 |
Ronald Alston Trustee | Trustee | 2 | $0 |
Frank Blake Trustee | Trustee | 2 | $0 |
Mary Bullock Trustee | Trustee | 2 | $0 |
Adrian Cronje Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holder Construction Group Llc Building Contractor | 6/29/22 | $6,293,538 |
Aramark Services Inc Food Service Contractor | 6/29/22 | $2,814,740 |
Maxair Inc Hvac/mechanical Maintenance | 6/29/22 | $601,044 |
Ruffalo Noel Levitz Llc Student Search Consultant | 6/29/22 | $368,318 |
Brightview Landscape Services Landscape Contractor | 6/29/22 | $314,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,232 |
| Related organizations | $0 |
| Government grants | $4,345,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,528,263 |
| Noncash contributions included in lines 1a–1f | $1,154,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,884,700 |
| Total Program Service Revenue | $58,515,181 |
| Investment income | $7,341,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,057 |
| Net Gain/Loss on Asset Sales | $9,607,102 |
| Net Income from Fundraising Events | -$21,879 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,158,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,222 |
| Grants and other assistance to domestic individuals. | $30,568,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,256,729 |
| Compensation of current officers, directors, key employees. | $628,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,866,263 |
| Pension plan accruals and contributions | $957,936 |
| Other employee benefits | $4,855,287 |
| Payroll taxes | $1,601,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,840 |
| Fees for services: Accounting | $106,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $945,518 |
| Fees for services: Other | $6,879,616 |
| Advertising and promotion | $112,213 |
| Office expenses | $1,178,512 |
| Information technology | $1,378,776 |
| Royalties | $0 |
| Occupancy | $975,104 |
| Travel | $1,852,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,126,694 |
| Interest | $1,516,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,310,750 |
| Insurance | $655,857 |
| All other expenses | $653,977 |
| Total functional expenses | $89,357,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,997,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,984,968 |
| Accounts receivable, net | $1,294,578 |
| 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 | $922,251 |
| Net Land, buildings, and equipment | $106,964,374 |
| Investments—publicly traded securities | $137,091,994 |
| Investments—other securities | $79,684,248 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,161,406 |
| Total assets | $367,101,519 |
| Accounts payable and accrued expenses | $16,257,994 |
| Grants payable | $0 |
| Deferred revenue | $1,503,218 |
| Tax-exempt bond liabilities | $55,217,403 |
| 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 | $12,337,814 |
| Total liabilities | $85,316,429 |
| Net assets without donor restrictions | $70,399,435 |
| Net assets with donor restrictions | $211,385,655 |
| 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 | $367,101,519 |