Birmingham-Southern College
- Assets
- $106.2m
- Revenue
- $42.7m
- Investments
- $0.0
- Employees
- 711
- Location
- Birmingham, AL
- Founding
- 04/1999
- Data as of
- 05/2022
- EIN
- 63-0288811
Organization Overview
Birmingham-Southern College is located in Birmingham, AL. The organization was established in 1999. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Birmingham-Southern College employed 711 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham-Southern 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 05/2022, Birmingham-Southern College generated $42.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $80.6m during the year ending 05/2022. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
EDUCATIONAL OPPORTUNITIES FOR STUDENTS DURING THE 2021-2022 SCHOOL YEAR- THE TOTAL EXPERIENCE AT BSC FOCUSES ON THE STUDENT AND THEIR INTELLECTUAL AND ETHICAL DEVELOPMENT. WE OFFER THEM OPPORTUNITIES FOR SPIRITUAL AND PHYSICAL WELL BEING, AND OUR ACADEMIC PROGRAM CHALLENGES THEM TO UNDERSTAND A RANGE OF DISCIPLINES, WHILE REQUIRING THE IN-DEPTH STUDY OF ONE. THERE IS MUCH ABOUT OUR COLLEGE THAT IS DISTINCT. WE HAVE A DEDICATED FACULTY WHO MAINTAIN THEIR TRADITION OF UNDERGRADUATE SCHOLARSHIP AND RESEARCH; WE HAVE AN EXPLORATION TERM; AND WE EMPHASIZE LEADERSHIP STUDIES AND SERVICE-LEARNING, CROSS-CULTURAL OPPORTUNITIES, ON- AND OFF-CAMPUS MENTOR RELATIONSHIPS, AND AN EDUCATION WITHIN A LIBERAL ARTS CONTEXT. THE COLLEGE HAS SUCCESSFULLY COMPLETED ITS 5TH YEAR SACS REVIEW DURING THE FISCAL YEAR 19-20. THE REACCREDITATION WAS GRANTED IN THE BEGINNING OF THE 2015 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley J Caskey Provost | Officer | 40 | $186,855 |
Trent R Gilbert VP Enrollment Mgmt | Officer | 40 | $181,938 |
Virginia G Loftin VP Inst. Advancement | Officer | 40 | $177,020 |
Lane K Estes VP Adm/coo/int VP Fin/cfo | Officer | 40 | $158,114 |
Sara H Robicheaux Professor | 40 | $145,986 | |
Daniel B Coleman President | OfficerTrustee | 40 | $137,454 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apogee Telecom Inc Technology | 5/30/22 | $682,740 |
Flatiron School Llc Instructional | 5/30/22 | $366,000 |
Bon Appetit Management Co Food Services | 5/30/22 | $2,614,175 |
Richo Usa Inc Copiers | 5/30/22 | $489,104 |
Valent Group Insurance | 5/30/22 | $423,909 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,680,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,647,954 |
| Noncash contributions included in lines 1a–1f | $1,622,881 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,328,281 |
| Total Program Service Revenue | $33,389,820 |
| Investment income | $694,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,210 |
| Net Gain/Loss on Asset Sales | $222,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,694,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,356,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,832,798 |
| Compensation of current officers, directors, key employees. | $472,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,571,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,903,377 |
| Payroll taxes | $1,237,025 |
| Fees for services: Management | $7,051,244 |
| Fees for services: Legal | $184,788 |
| Fees for services: Accounting | $154,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $222,730 |
| Fees for services: Other | $824,678 |
| Advertising and promotion | $521,146 |
| Office expenses | $1,250,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,163,988 |
| Travel | $1,296,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,554,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,825,576 |
| Insurance | $700,690 |
| All other expenses | $0 |
| Total functional expenses | $80,578,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,115,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $667,215 |
| Accounts receivable, net | $858,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,204,204 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,655,000 |
| Investments—publicly traded securities | $19,174,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,487,581 |
| Total assets | $106,162,162 |
| Accounts payable and accrued expenses | $1,228,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $26,504,511 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,810,185 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,904,205 |
| Total liabilities | $39,447,010 |
| Net assets without donor restrictions | $9,964,175 |
| Net assets with donor restrictions | $56,750,977 |
| 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 | $106,162,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Birmingham-Southern College has recieved totaling $24,000.
| Awarding Organization | Amount |
|---|---|
Comer Foundation Birmingham, AL PURPOSE: TO SUPPORT ORGANIZATION | $24,000 |
Endowment Analysis
| Beg. Balance | $53,984,787 |
| Earnings | -$505,148 |
| Admin Expense | $81,806 |
| Net Contributions | $1,128,684 |
| Other Expense | $137,953 |
| Grants | $3,557,201 |
| Ending Balance | $50,831,363 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Everglades College Inc Fort Lauderdale, FL | $670,294,753 | $647,335,916 |
Rollins College Winter Park, FL | $852,704,104 | $217,797,924 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Berry College Inc Mount Berry, GA | $1,445,846,752 | $178,933,031 |
Florida Southern College Lakeland, FL | $276,996,972 | $143,874,205 |
Southeastern University Inc Lakeland, FL | $136,483,124 | $143,033,375 |
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 |
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |