Spring Hill College
- Assets
- $150.3m
- Revenue
- $36.8m
- Investments
- $16.5m
- Employees
- 720
- Location
- Mobile, AL
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 63-0302179
Organization Overview
Spring Hill College is located in Mobile, AL. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Spring Hill College employed 720 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Hill 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 06/2020, Spring Hill College generated $36.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $38.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
SPRING HILL COLLEGE IS A CO-EDUCATIONAL LIBERAL ARTS, JESUIT COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRING HILL COLLEGE IS A CO-EDUCATIONAL INSTITUTION COMMITTED TO THE PRINCIPLE OF EDUCATING MEN AND WOMEN FOR SERVICE TO OTHERS. THE COLLEGE IS A LIBERAL ARTS, JESUIT COLLEGE WHICH OFFERS VARIOUS UNDERGRADUATE AND GRADUATE PROGRAMS. DURING THE ACADEMIC YEAR APPROXIMATELY 1500 STUDENTS WERE PURSUING A DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr E Joseph Lee II PHD President | OfficerTrustee | 40 | $253,846 |
Rhonda Shirazi VP For Business/finance | Officer | 40 | $183,153 |
Todd Waller Dir Of Shc Italy Center | 40 | $150,108 | |
Mary Mcdonald VP For Advancement | Officer | 40 | $148,165 |
Christopher Puto President Emeritus | 40 | $133,269 | |
Kevin Abel VP Of Student Affairs | Officer | 40 | $125,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Catering And Campus Dining | 6/29/21 | $2,167,243 |
Jenzabar Inc Education Management Services | 6/29/21 | $401,986 |
Clarknikdel Inc Marketing Service | 6/29/21 | $313,041 |
Cdw Government Inc Technology Products And Solutions | 6/29/21 | $232,015 |
Abm Facility Management Services | 6/29/21 | $904,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,210,549 |
| Investment income | $78,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $558,111 |
| Net Gain/Loss on Asset Sales | $1,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,801,063 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $1,359,810 |
| Other salaries and wages | $13,826,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,073,247 |
| Payroll taxes | $980,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,788 |
| Fees for services: Accounting | $78,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $829,373 |
| Advertising and promotion | $232,327 |
| Office expenses | $1,234,338 |
| Information technology | $283,376 |
| Royalties | $6,297,177 |
| Occupancy | $0 |
| Travel | $827,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,215 |
| Interest | $3,624,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,944,251 |
| Insurance | $397,258 |
| All other expenses | $0 |
| Total functional expenses | $38,256,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,281,046 |
| Pledges and grants receivable | $3,646,803 |
| Accounts receivable, net | $4,147,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,750 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $124,241 |
| Investments—other securities | $16,525,051 |
| Investments—program-related | $18,224,648 |
| Intangible assets | $0 |
| Other assets | $15,364,248 |
| Total assets | $150,301,897 |
| Accounts payable and accrued expenses | $4,160,147 |
| Grants payable | $0 |
| Deferred revenue | $1,902,896 |
| Tax-exempt bond liabilities | $57,446,074 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $400,000 |
| Unsecured mortgages and notes payable | $3,903,634 |
| Other liabilities | $1,092,307 |
| Total liabilities | $68,905,058 |
| 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 | $81,396,839 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spring Hill College has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
John Lynn & Luisa Lee Family Foundation Nashville, NC PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $37,664,663 |
| Earnings | $4,624,432 |
| Net Contributions | $478,382 |
| Other Expense | $215,843 |
| Grants | $1,043,497 |
| Ending Balance | $41,508,137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynn University Inc Boca Raton, FL | $203,973,646 | $119,511,324 |
Georgia Tech Athletic Association Atlanta, GA | $397,031,896 | $79,492,257 |
William Carey University Hattiesburg, MS | $258,133,608 | $93,416,449 |
Life University Inc Marietta, GA | $133,814,718 | $85,437,129 |
Agnes Scott College Decatur, GA | $395,231,473 | $76,705,901 |
Christian Brothers University Memphis, TN | $107,139,654 | $73,065,264 |
Brenau University Inc Gainesville, GA | $138,158,493 | $73,682,721 |
Cumberland University Lebanon, TN | $59,645,506 | $69,170,999 |
St Thomas University Inc Miami, FL | $137,677,152 | $75,829,277 |
Ave Maria University Inc Ave Maria, FL | $234,976,166 | $61,745,167 |
Bethel University Mckenzie, TN | $92,520,521 | $52,446,524 |
Fisk University Nashville, TN | $175,139,464 | $54,477,071 |