Transylvania University
- Assets
- $249.6m
- Revenue
- $58.0m
- Investments
- $0.0
- Employees
- 839
- Location
- Lexington, KY
- Founding
- 06/1943
- Data as of
- 06/2022
- EIN
- 61-0444825
Organization Overview
Transylvania University is located in Lexington, KY. The organization was established in 1943. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Transylvania University employed 839 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transylvania University 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 06/2022, Transylvania University generated $58.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $64.2m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
PROVIDE UNDERGRADUATE DEGREE EDUCATION, CURRICULUM, TRAINING, RESOURCES AND RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brien Lewis President | Officer | 40 | $416,051 |
S Rebecca Thomas Vice President For Academic Affairs And Dean Of The University | Officer | 40 | $177,887 |
Shawn Lyons Vice President For Advancement | Officer | 40 | $179,925 |
Sarah Coen Vice President For Strategic Initiatives And Enrollment Management | Officer | 40 | $176,856 |
Brian Lane Basketball Coach | 40 | $129,914 | |
Marc Mathews Vice President For Finance And Business | 40 | $129,003 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Apetit Management Company Food Service Provider | 6/29/22 | $2,557,441 |
Ellucian Inc Erp License | 6/29/22 | $261,575 |
Martin Motor Coach Vehicle Rental Services | 6/29/22 | $278,915 |
Churchill Mcgee Llc Consultants | 6/29/22 | $298,798 |
Diversified Demolition Demolition Services | 6/29/22 | $206,700 |
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 | $4,850,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,850,204 |
| Total Program Service Revenue | $47,132,481 |
| Investment income | $1,853,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,654,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,979,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,880,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,862,325 |
| Compensation of current officers, directors, key employees. | $1,161,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,282,519 |
| Pension plan accruals and contributions | $1,262,004 |
| Other employee benefits | $2,696,065 |
| Payroll taxes | $1,210,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,837 |
| Fees for services: Accounting | $44,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,852 |
| Fees for services: Other | $1,092,577 |
| Advertising and promotion | $347,634 |
| Office expenses | $1,257,421 |
| Information technology | $1,127,631 |
| Royalties | $0 |
| Occupancy | $2,208,582 |
| Travel | $1,138,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,046 |
| Interest | $1,831,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,316,745 |
| Insurance | $551,361 |
| All other expenses | $0 |
| Total functional expenses | $64,217,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,537,170 |
| Savings and temporary cash investments | $286,073 |
| Pledges and grants receivable | $4,267,150 |
| Accounts receivable, net | $789,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $729,089 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,553,947 |
| Net Land, buildings, and equipment | $113,031,887 |
| Investments—publicly traded securities | $124,016,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,423,452 |
| Total assets | $249,634,669 |
| Accounts payable and accrued expenses | $4,462,207 |
| Grants payable | $0 |
| Deferred revenue | $1,254,567 |
| Tax-exempt bond liabilities | $55,564,403 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $491,256 |
| Unsecured mortgages and notes payable | $976,804 |
| Other liabilities | $1,702,489 |
| Total liabilities | $64,451,726 |
| Net assets without donor restrictions | $49,236,753 |
| Net assets with donor restrictions | $135,946,190 |
| 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 | $249,634,669 |