Young Harris College
- Assets
- $174.4m
- Revenue
- $47.8m
- Investments
- $73.2m
- Employees
- 651
- Location
- Young Harris, GA
- Founding
- 04/1942
- Data as of
- 06/2020
- EIN
- 58-0593414
Organization Overview
Young Harris College is located in Young Harris, GA. The organization was established in 1942. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Young Harris College employed 651 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Young Harris 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 06/2020, Young Harris College generated $47.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $45.7m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG HARRIS COLLEGE EDUCATES, INSPIRES, AND EMPOWERS STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS EXPERIENCE THAT INTEGRATES MIND, BODY, AND SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL: FUNDS EXPENDED TO EDUCATE STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS BACHELOR'S DEGREE PROGRAM DELIVERED THROUGH INNOVATIVE ACADEMIC INSTRUCTION. ENROLLMENT IN 2020-2021 INCLUDED APPROXIMATELY 1,435 STUDENTS. ACADEMIC OFFERINGS INCLUDE ACCOUNTING, ART, BIOLOGY, BUSINESS ADMINISTRATION, CHEMISTRY, COMMUNICATIONS STUDIES, CREATIVE WRITING, ECONOMICS, EDUCATION (EARLY CHILDHOOD), EDUCATION (MIDDLE GRADES), ENGLISH, ENVIRONMENTAL EDUCATION AND LEADERSHIP, ENVIRONMENTAL SCIENCE, FINANCE, GRAPHIC DESIGN, HISTORY, INTERDISCIPLINARY STUDIES, MANAGEMENT, MARKETING, MATHEMATICS, MUSIC, MUSIC EDUCATION, MUSICAL THEATRE, OUTDOOR STUDIES, PSYCHOLOGY, PUBLIC POLICY, SPANISH, SPORT AND RECREATION STUDIES, THEATRE PERFORMANCE, THEATRICAL DESIGN AND PRODUCTION, AND A MASTERS OF ARTS IN TEACHING.
ACADEMIC SUPPORT: FUNDS EXPENDED TO PROVIDE FACULTY ADMINISTRATION AND SUPPORT, FACULTY DEVELOPMENT OPPORTUNITIES, CURRICULUM ENRICHMENT AND LIBRARY, STUDENT SUPPORT AND ADVISING, TECHNOLOGY, AND RESEARCH AND PLANNING SERVICES. THESE EXPENDITURES ARE INTEGRAL TO THE OPERATION AND SUPPORT OF QUALITY ACADEMIC PROGRAMS AND THE RETENTION AND EMPOWERMENT OF EXCELLENT FACULTY AND STUDENTS. CURRICULUM AND PROGRAM DEVELOPMENT EXPENSES ARE RECORDED IN THIS CATEGORY.
STUDENT FINANCIAL ASSISTANCE: THE COLLEGE IS COMMITTED TO RECRUITING EXCELLENT STUDENTS AND HELPING SECURE THE NECESSARY AND APPROPRIATE RESOURCES TO MEET THE COST OF AN EXCELLENT EDUCATION. THE COMPREHENSIVE STUDENT FINANCIAL ASSISTANCE PROGRAM INCLUDES SCHOLARSHIPS, GRANTS, LOANS, AND PART-TIME CAMPUS EMPLOYMENT. 100% OF THE STUDENTS ENROLLED DURING 2020-2021 RECEIVED SOME FORM OF FINANCIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Drew L Van Horn President/ex-Officio Trustee | OfficerTrustee | 40 | $234,382 |
Dr Jason Pierce Provost/vp Of Academic Affairs | Officer | 40 | $158,031 |
Wade M Benson Cfo/controller/treasurer | Officer | 40 | $117,380 |
Dr Christopher Todd Jones Dean Of Professional Studies | 40 | $112,548 | |
Dr Keith A Defoor Associate VP Of Academic Affairs | 40 | $105,561 | |
Dr Don A Harp Jr Trusteeship, Governanace, Comp. Committee | Trustee | 1 | $14,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food And Physical Plant Services | 6/29/21 | $3,381,191 |
Custom Home Painting Painting | 6/29/21 | $123,450 |
Follett Bookstore Operations | 6/29/21 | $523,806 |
Eab Inc Enrollment & Fundraising Consultants | 6/29/21 | $437,980 |
Warren Averett Cpas And Advisors | 6/29/21 | $113,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,925,502 |
| Investment income | $3,329,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$663,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,760,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $16,617,743 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,279,641 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $477,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,455,710 |
| Pension plan accruals and contributions | $414,206 |
| Other employee benefits | $1,354,229 |
| Payroll taxes | $758,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,914 |
| Fees for services: Investment Management | $150,351 |
| Fees for services: Other | $680,467 |
| Advertising and promotion | $364,511 |
| Office expenses | $3,979,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,640,825 |
| Travel | $447,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,030,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,103,959 |
| Insurance | $348,120 |
| All other expenses | $0 |
| Total functional expenses | $45,723,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,602,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,044,904 |
| Accounts receivable, net | $47,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $258,649 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$227,559 |
| Investments—publicly traded securities | $35,218,441 |
| Investments—other securities | $73,249,828 |
| Investments—program-related | $1,439,205 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,387,873 |
| Accounts payable and accrued expenses | $1,207,046 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $26,984,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,082,250 |
| Total liabilities | $29,274,011 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $145,113,862 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Harris College has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
J William And Elizabeth S Robinson Foundation Inc Atlanta, GA PURPOSE: FOR THE PROMOTION OF EDUCATIONAL DEVELOPMENT | $25,000 |
Endowment Analysis
| Beg. Balance | $48,194,190 |
| Earnings | $11,001,511 |
| Net Contributions | $465,582 |
| Other Expense | $3,627,541 |
| Ending Balance | $56,033,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Greenville University Tigerville, SC | $119,067,807 | $70,918,977 |
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
College Of Central Florida Foundation Inc Ocala, FL | $126,335,396 | $16,814,104 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |