Bingham Fund For Excellence In Teaching At Transylvania Univ

Organization Overview

Bingham Fund For Excellence In Teaching At Transylvania Univ is located in Lexington, KY. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bingham Fund For Excellence In Teaching At Transylvania Univ 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, Bingham Fund For Excellence In Teaching At Transylvania Univ generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 7.5% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTES TEACHING QUALITY AND DEVELOPMENT OF THE FACULTY OF TRANSYLVANIA UNIVERSITY

Describe the Organization's Program Activity:

FACULTY SALARY SUPPLEMENTS AND RELATED FRINGE BENEFITS


FACULTY DEVELOPMENT GRANTS, TECHNOLOGY INITIATIVE EXPENDITURES AND VARIOUS SELECTION COMMITTEE EXPENSES


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,944,693
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,944,699

Endowment Analysis

Beg. Balance$87,955,737
Earnings$24,596,030
Other Expense$1,970,729
Ending Balance$110,581,038

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