Piedmont University Inc
- Assets
- $147.9m
- Revenue
- $52.0m
- Investments
- $0.0
- Employees
- 875
- Location
- Demorest, GA
- Founding
- 06/1931
- Data as of
- 06/2023
- EIN
- 58-0566212
Organization Overview
Piedmont University Inc is located in Demorest, GA. The organization was established in 1931. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Piedmont University Inc employed 875 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont University 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 06/2023, Piedmont University Inc generated $52.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $61.0m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES - INSTRUCTIONAL PROGRAMS SUPPORT STUDENTS TO ACHIEVE THEIR BACHELOR'S, MASTER'S, AND DOCTORATE LEVEL OF DEGREES.
STUDENT SERVICES - SERVICES PROVIDED BENEFITING STUDENTS INCLUDING FOOD SERVICE, RESIDENCE HALLS, AND FITNESS CENTER.
OTHER ACTIVITIES - ACTIVITIES IN THE SUPPORT OF THE ORGANIZATION SUCH AS VARIOUS SPORTS AND THEATRE CAMPS, FOUNDATION SUPPORT, AND DEPOSITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Arrendale III Chairman Of The Board | OfficerTrustee | 1 | $0 |
Dock Sisk Vice Chairman | OfficerTrustee | 1 | $0 |
Kara Keel Moody Secretary | OfficerTrustee | 1 | $0 |
Lisa Black Trustee | Trustee | 1 | $0 |
Sandy Borrow Trustee | Trustee | 1 | $0 |
Dr Martha Cantrell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Technology | 6/29/23 | $2,783,310 |
Layer3 Communications Llc Technology | 6/29/23 | $155,720 |
Law Office Of Patrick Mckee Llc Legal | 6/29/23 | $194,131 |
Greenwoodasher & Associates Llc Prsesidential Search | 6/29/23 | $113,205 |
Clifton Larson Allen Llp Accounting Services | 6/29/23 | $113,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,956,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,434,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,391,404 |
| Total Program Service Revenue | $48,294,815 |
| Investment income | $1,243,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,582 |
| Net Rental Income | $7,719 |
| Net Gain/Loss on Asset Sales | -$979,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,959,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,439,068 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,269,012 |
| Compensation of current officers, directors, key employees. | $778,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,636,043 |
| Pension plan accruals and contributions | $635,411 |
| Other employee benefits | $3,413,298 |
| Payroll taxes | $1,278,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,501 |
| Fees for services: Accounting | $198,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,848 |
| Fees for services: Other | $3,819,505 |
| Advertising and promotion | $373,865 |
| Office expenses | $898,402 |
| Information technology | $4,223,643 |
| Royalties | $0 |
| Occupancy | $2,980,459 |
| Travel | $1,311,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,886 |
| Interest | $850,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,942,267 |
| Insurance | $550,985 |
| All other expenses | $448,122 |
| Total functional expenses | $60,982,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,427,746 |
| Savings and temporary cash investments | $3,100,168 |
| Pledges and grants receivable | $80,200 |
| Accounts receivable, net | $822,928 |
| 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 | $399,411 |
| Net Land, buildings, and equipment | $86,989,195 |
| Investments—publicly traded securities | $47,144,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53,314 |
| Other assets | $4,910,705 |
| Total assets | $147,927,827 |
| Accounts payable and accrued expenses | $1,990,048 |
| Grants payable | $0 |
| Deferred revenue | $2,806,609 |
| Tax-exempt bond liabilities | $24,320,183 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,847,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,692,369 |
| Total liabilities | $35,656,641 |
| Net assets without donor restrictions | $96,988,926 |
| Net assets with donor restrictions | $15,282,260 |
| 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 | $147,927,827 |