Flagler College Inc
- Assets
- $205.6m
- Revenue
- $73.3m
- Investments
- $0.0
- Employees
- 1,116
- Location
- St Augustine, FL
- Founding
- 11/1972
- Data as of
- 06/2020
- EIN
- 59-1157081
Organization Overview
Flagler College Inc is located in St Augustine, FL. The organization was established in 1972. 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, Flagler College Inc employed 1,116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flagler College 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 06/2020, Flagler College Inc generated $73.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $74.4m during the year ending 06/2020. While expenses have increased by 1.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FOUR-YEAR LIBERAL ARTS COLLEGE FOR APPROXIMATELY 3,000 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES A HIGH QUALITY EDUCATION TO STUDENTS IN A SMALL, HISTORIC, CAMPUS ENVIRONMENT. SERVING OVER 2,300 UNDERGRADUATE STUDENTS, FLAGLER OFFERS 56 MAJOR AND MINOR PROGRAMS IN VARIOUS FIELDS OF STUDY, WITH A 15 TO 1 STUDENT TO FACULTY RATIO. THE COLLEGE SERVES AN ADDITIONAL 400 STUDENTS THROUGH ITS EVENING PUBLIC ADMINISTRATION PROGRAM IN ST. AUGUSTINE, AND DEGREE-COMPLETION PROGRAMS AT THE TALLAHASSEE CAMPUS. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED, AS WELL AS ACADEMIC AND ATHLETIC ACHIEVEMENT.
THE COLLEGE AUXILIARY ENTERPRISES ARE FOR THE CONVENIENCE AND BENEFIT OF ITS STUDENTS, FACULTY AND STAFF. THESE SERVICES INCLUDE STUDENT RESIDENTIAL HOUSING AND DINING SERVICES, AS WELL AS STUDENT CONVENIENCE STORE, BOOKSTORE AND PARKING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr William T Abare Jr Special Advisor To President | 20 | $756,127 | |
Dr Joseph G Joyner President | Officer | 50 | $411,356 |
David L Carson Treasurer, VP Business Services | Officer | 50 | $199,857 |
Deborah Thompson Vice President Of Enrollment Management | Officer | 50 | $177,365 |
Alan Woolfolk Vice President For Academic Affairs | Officer | 50 | $177,316 |
Kristina Myers Vice President Of Institutional Advancement | Officer | 50 | $161,447 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dimare Construction Company Construction | 6/29/21 | $1,277,590 |
Jenzabar Inc Technology-erp | 6/29/21 | $519,730 |
Eab Inc Marketing | 6/29/21 | $496,013 |
Ww Gay Company Construction | 6/29/21 | $461,423 |
Aramark Food Services | 6/29/21 | $3,427,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,371,308 |
| Investment income | $1,917,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,990 |
| Net Gain/Loss on Asset Sales | $123,970 |
| Net Income from Fundraising Events | $22,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$89,675 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,291,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,024,993 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,467,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,875,866 |
| Pension plan accruals and contributions | $993,152 |
| Other employee benefits | $4,040,201 |
| Payroll taxes | $1,799,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,598 |
| Fees for services: Accounting | $93,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $242,714 |
| Fees for services: Other | $1,452,577 |
| Advertising and promotion | $128,830 |
| Office expenses | $2,605,499 |
| Information technology | $453,071 |
| Royalties | $0 |
| Occupancy | $7,203,214 |
| Travel | $903,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208,652 |
| Interest | $1,476,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,695,940 |
| Insurance | $170,684 |
| All other expenses | $0 |
| Total functional expenses | $74,437,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,391,684 |
| Savings and temporary cash investments | $4,243,760 |
| Pledges and grants receivable | $961,936 |
| Accounts receivable, net | $1,763,970 |
| Loans from Officers, Directors, or Controlling Persons | $536,994 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $326,132 |
| Inventories for sale or use | $171,797 |
| Prepaid expenses and deferred charges | $832,589 |
| Investments—publicly traded securities | $67,134,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,008,040 |
| Total assets | $205,599,935 |
| Accounts payable and accrued expenses | $4,100,371 |
| Grants payable | $0 |
| Deferred revenue | $2,823,679 |
| Tax-exempt bond liabilities | $43,682,673 |
| Escrow or custodial account liability | $77,432 |
| 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 | $9,285 |
| Total liabilities | $50,693,440 |
| 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 | $154,906,495 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flagler College Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Small Fam Charitable Foundation Irrv Scotch Plains, NJ PURPOSE: EDUCATIONAL | $7,500 |
Endowment Analysis
| Beg. Balance | $27,201,549 |
| Earnings | $5,588,771 |
| Net Contributions | $1,315,696 |
| Grants | $1,208,286 |
| Ending Balance | $32,897,730 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
Palm Beach Atlantic University Inc West Palm Beach, FL | $243,912,659 | $119,213,584 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Flagler College Inc St Augustine, FL | $205,599,935 | $73,291,832 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Faulkner University Montgomery, AL | $101,589,206 | $70,137,760 |
Oakwood University Inc Huntsville, AL | $115,223,075 | $64,178,393 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |