Knoxville College
- Assets
- $1.4m
- Revenue
- $542.0k
- Investments
- $558.2k
- Employees
- 18
- Location
- Knoxville, TN
- Founding
- 03/1944
- Data as of
- 06/2021
- EIN
- 62-0475689
Organization Overview
Knoxville College is located in Knoxville, TN. The organization was established in 1944. 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, Knoxville College employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knoxville 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 06/2021, Knoxville College generated $542.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $807.2k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KNOXVILLE COLLEGE IS A PRIVATE, CHURCH RELATED COEDUCATIONAL LIBERAL ARTS INSTITUTION. THE COLLEGE IS OPEN TO STUDENTS OF DIVERSE BACKGROUNDS AND CULTURES WHO SEEK A QUALITY LIBERAL ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KNOXVILLE COLLEGE BEGAN OFFERING DISTANCE LEARNING CLASSES IN THE FALL AND CONTINUED INTO THE SPRING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Adams Jr Interim Pres | OfficerTrustee | 1 | $25,000 |
Dr Dasha Lundy Exec VP And | OfficerTrustee | 1 | $20,000 |
Eric Barnes Vice Chair | OfficerTrustee | $0 | |
Michael Bowie Chairman | OfficerTrustee | 1 | $0 |
Sam Wesley II Trustee | Trustee | 1 | $0 |
Frank Shanklin Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,333 |
| Total Program Service Revenue | $280,890 |
| Investment income | $22,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,274 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,310 |
| Advertising and promotion | $2,869 |
| Office expenses | $7,882 |
| Information technology | $16,218 |
| Royalties | $0 |
| Occupancy | $61,492 |
| Travel | $447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $358,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,463 |
| Insurance | $21,546 |
| All other expenses | $0 |
| Total functional expenses | $807,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,095 |
| Net Land, buildings, and equipment | $438,967 |
| Investments—publicly traded securities | $97,948 |
| Investments—other securities | $558,222 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,434,483 |
| Accounts payable and accrued expenses | $27,881 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $8,223,671 |
| Other liabilities | $538,137 |
| Total liabilities | $8,789,689 |
| Net assets without donor restrictions | -$7,505,426 |
| Net assets with donor restrictions | $150,220 |
| 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 | $1,434,483 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knoxville College has recieved totaling $64,060.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $39,060 |
Lawson Family Foundation Knoxville, TN PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
University Of Pikeville Pikeville, KY | $170,248,135 | $76,149,836 |