Spelman College
- Assets
- $855.8m
- Revenue
- $183.0m
- Investments
- $482.2m
- Employees
- 1,210
- Location
- Atlanta, GA
- Founding
- 07/1942
- Data as of
- 06/2021
- EIN
- 58-0566243
Organization Overview
Spelman College is located in Atlanta, GA. The organization was established in 1942. 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, Spelman College employed 1,210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spelman 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, Spelman College generated $183.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $117.1m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 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.
Since 2015, Spelman College has awarded 31 individual grants totaling $1,217,064. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS.
Describe the Organization's Program Activity:
INSTRUCTIONFOUNDED IN 1881, SPELMAN COLLEGE IS A PRIVATE, NONPROFIT INSTITUTION OF HIGHER EDUCATION BASED IN ATLANTA, GEORGIA. THE COLLEGE IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AND PROVIDES QUALITY LIBERAL ARTS EDUCATION AND TRAINING SERVICES FOR APPROXIMATELY 2,100 UNDERGRADUATE STUDENTS. IN ADDITION, THE COLLEGE MAINTAINS SPECIAL PROGRAMS SUCH AS CONTINUING EDUCATION, SUMMER SCIENCE AND DUAL DEGREES IN ENGINEERING.
AUXILIARY ENTERPRISESAS A RESIDENTIAL LIBERAL ARTS COLLEGE, SPELMAN COLLEGE PROVIDES ON CAMPUS HOUSING FOR APPROXIMATELY 1,400 STUDENTS. SPELMAN ALSO PROVIDES DINING SERVICES TO ITS RESIDENTIAL STUDENTS, AS WELL AS COMMUTER STUDENTS, FACULTY, STAFF AND OTHERS. SPELMAN OPERATES A 500 SPACE PARKING DECK FOR FACULTY, STAFF, AND STUDENTS. ADDITIONALLY, SPELMAN OFFERS A VARIETY OF SUMMER CONFERENCES FOR HIGH SCHOOL STUDENTS AND OTHER INTERESTED STUDENTS.
RESEARCHSPELMAN COLLEGE PERFORMS RESEARCH, TRAINING AND OTHER SIMILAR SERVICES UNDER GRANTS WITH GOVERNMENTAL AGENCIES OR SPONSORING ORGANIZATIONS.
PUBLIC SERVICE, ACADEMIC SUPPORT, AND STUDENT SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Schmidt Campbell PHD President | OfficerTrustee | 35 | $670,599 |
Robert D Flanigan Jr Chief Investment Officer & Treasurer | Officer | 35 | $350,492 |
Sharon Davies Provost | Officer | 35 | $332,844 |
Jessie Brooks VP Of Institutional Advancement | Officer | 35 | $248,411 |
Dawn Alston CFO & VP Of Bus & Fin Affairs | Officer | 35 | $248,394 |
Myra Burnett VP Institutional Research | Officer | 35 | $229,153 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Dining Services Dining Services | 6/29/21 | $1,497,986 |
Chesapeake Asset Management Llc Investment Management | 6/29/21 | $1,274,842 |
Siemens Industry Inc Automation Services | 6/29/21 | $1,205,470 |
Aramark Inc Facility Services | 6/29/21 | $967,267 |
Trace3 Llc Information Technology | 6/29/21 | $569,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,380,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,483,646 |
| Noncash contributions included in lines 1a–1f | $2,235,218 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,864,557 |
| Total Program Service Revenue | $62,657,495 |
| Investment income | $332,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,248,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,970,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,747 |
| Grants and other assistance to domestic individuals. | $19,601,418 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,903,581 |
| Compensation of current officers, directors, key employees. | $1,445,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,627,015 |
| Pension plan accruals and contributions | $2,271,999 |
| Other employee benefits | $6,489,368 |
| Payroll taxes | $3,015,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $617,483 |
| Fees for services: Accounting | $511,821 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $116,914 |
| Fees for services: Investment Management | $1,665,998 |
| Fees for services: Other | $4,259,349 |
| Advertising and promotion | $0 |
| Office expenses | $3,058,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,446,086 |
| Travel | $129,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,114,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,422,256 |
| Insurance | $1,492,091 |
| All other expenses | $10,492,113 |
| Total functional expenses | $117,097,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,804,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,128,887 |
| Accounts receivable, net | $700,606 |
| 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 | $0 |
| Net Land, buildings, and equipment | $160,930,886 |
| Investments—publicly traded securities | $88,608,734 |
| Investments—other securities | $482,238,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,367,557 |
| Total assets | $855,779,306 |
| Accounts payable and accrued expenses | $13,767,186 |
| Grants payable | $0 |
| Deferred revenue | $1,206,196 |
| Tax-exempt bond liabilities | $60,990,513 |
| 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 | $2,191,534 |
| Total liabilities | $78,155,429 |
| Net assets without donor restrictions | $213,970,576 |
| Net assets with donor restrictions | $563,653,301 |
| 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 | $855,779,306 |
Grants Awarded
Over the last fiscal year, Spelman College has awarded $173,620 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: TRIPODS+X: EDU COLLABORATIVE EDUCATION | $68,346 |
Durham, NC PURPOSE: EXCELLENCE IN RESEARCH | $35,948 |
Atlanta, GA PURPOSE: EXCELLENCE IN RESEARCH | $30,544 |
WINSTON SALEM STATE UNIVERSITY PURPOSE: ASSOCIATION FOR WOMEN IN MATHEMATICS | $25,463 |
Decatur, GA PURPOSE: TARGETED INFUSION PROJECT | $13,319 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Spelman College has recieved totaling $607,500.
| Awarding Organization | Amount |
|---|---|
Delta Air Lines Foundation Atlanta, GA PURPOSE: SUPPORT OF EDUCATION | $500,000 |
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $40,000 |
Anonymous Trust Raleigh, NC PURPOSE: SCHOLARSHIP FOR BAYLOR HARRIS | $39,500 |
Quarterman & Keller Foundation Inc Savannah, GA PURPOSE: SCHOLARSHIP PROGRAM QUARTERMAN & KELLER SOCIAL JUSTICE SCHOLARS | $28,000 |
Endowment Analysis
| Beg. Balance | $382,891,058 |
| Earnings | $149,315,437 |
| Net Contributions | $31,697,164 |
| Other Expense | $22,584,704 |
| Ending Balance | $541,318,955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Everglades College Inc Fort Lauderdale, FL | $670,294,753 | $647,335,916 |
Furman University Greenville, SC | $1,049,847,532 | $208,077,263 |
Rollins College Winter Park, FL | $852,704,104 | $217,797,924 |
Davidson College Davidson, NC | $1,786,522,691 | $194,756,860 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Berry College Inc Mount Berry, GA | $1,445,846,752 | $178,933,031 |
Florida Southern College Lakeland, FL | $276,996,972 | $143,874,205 |
Southeastern University Inc Lakeland, FL | $136,483,124 | $143,033,375 |
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Palm Beach Atlantic University Inc West Palm Beach, FL | $243,912,659 | $119,213,584 |