Oglethorpe University Inc

Organization Overview

Oglethorpe University Inc is located in Atlanta, GA. The organization was established in 1936. 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, Oglethorpe University Inc employed 512 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oglethorpe 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 06/2021, Oglethorpe University Inc generated $78.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $67.3m during the year ending 06/2021. While expenses have increased by 6.7% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INSTITUTION OF HIGHER EDUCATION

Describe the Organization's Program Activity:

INSTRUCTION - THE COST OF OFFERING THE ACADEMIC PROGRAMS.


STUDENT SERVICES - THE COSTS OF EXTRACURRICULAR AND STUDENT-ORIENTED SERVICES AND PROGRAMS DESIGNED TO ENHANCE THE LEARNING ENVIRONMENT. DUE TO COVID, PART OF THE FUNDING CAME FROM EMPLOYEE RETENTION CREDITS AND PPP LOAN FORGIVENESS, $3,007,645 AND $2,685,700 RESPECTIVELY.


AUXILIARY SERVICES, THE COSTS OF ACTIVITIES ASSOCIATED WITH THE SUPPORT OF THE CAMPUS AND RESIDENTIAL COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aramark Services
Food Service Vendor
$1,698,151
Sheridan Construction
Construction Services
$2,173,426
National Management Resources
Facilities Management
$1,484,490
G4s Secure Solutions
Campus Safety
$419,821
Johnson Controls Inc
Hvac Control Systems
$279,777
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,012,512
Noncash contributions included in lines 1a–1f $553,734
Total Revenue from Contributions, Gifts, Grants & Similar$7,012,512
Total Program Service Revenue$59,194,815
Investment income $45,572
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,845,301
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $9,096
Miscellaneous Revenue$0
Total Revenue $78,800,641

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Oglethorpe University Inc has recieved totaling $2,059,240.

Awarding OrganizationAmount
Goizueta Foundation Inc

Atlanta, GA

PURPOSE: PROGRAM

$1,050,000
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For general scholarship support.

$524,000
$100,180
M A@rikard Charitable Trust

Nashville, TN

PURPOSE: CHARITABLE

$65,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$47,176
Fuller E Callaway Professorial Chairs Trust For

Dallas, TX

PURPOSE: GRANT FOR PROFESSIORAL SALARIES

$38,665
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$35,722,360
Earnings$10,315,243
Net Contributions$1,548,227
Other Expense$1,395,820
Ending Balance$46,190,010

Peer Organizations

Organization NameAssets
Eckerd College
St Petersburg, FL
$127,879,721
Anderson University
Anderson, SC
$130,183,026
Wofford College
Spartanburg, SC
$116,076,279
Palm Beach Atlantic University Inc
West Palm Beach, FL
$119,213,584
Spelman College
Atlanta, GA
$182,970,731
Ringling College Of Art And Design Inc
Sarasota, FL
$119,229,866
Lee University
Cleveland, TN
$108,753,431
Morehouse College
Atlanta, GA
$206,029,432
Union University
Jackson, TN
$103,290,604
Lenoir-Rhyne University
Hickory, NC
$101,403,823
Trevecca Nazarene University
Nashville, TN
$96,180,255
Bethune-Cookman University
Daytona Beach, FL
$117,726,569

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