Everglades College Inc
- Assets
- $670.3m
- Revenue
- $647.3m
- Investments
- $0.0
- Employees
- 3,886
- Location
- Fort Lauderdale, FL
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 65-0216638
Organization Overview
Everglades College Inc, operating under the name Keiser University & Everglades Univ, is located in Fort Lauderdale, FL. The organization was established in 2001. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Keiser University & Everglades Univ employed 3,886 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keiser University & Everglades 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 12/2021, Keiser University & Everglades Univ generated $647.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $573.3m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
KEISER UNIVERSITY AND EVERGLADES UNIVERSITY PROVIDE EDUCATIONAL PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR A DIVERSE STUDENT BODY IN TRADITIONAL, NON-TRADITIONAL AND ONLINE DELIVERY FORMATS. THIS ACTIVITY CONSTITUTES 100% OF ITS PROGRAM SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Keiser Vp/chancellor | Officer | 40 | $858,082 |
Peter Crocitto Vp/assistant Secretary/coo | Officer | 40 | $731,909 |
Kristi Mollis University President | Officer | 40 | $479,031 |
James Waldman General Counsel | 40 | $432,088 | |
Joseph Berardinelli Treasurer/sr Vice Chancellor | Officer | 40 | $410,328 |
Teri Scheff-Del Vecchio Vice Chancellor Of Enrollment | 40 | $353,907 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eddy Holdings Advertising | 12/30/21 | $81,420,347 |
Follett Higher Education Group Inventory Management | 12/30/21 | $14,720,287 |
Sodexo Inc Hospitality Mgmnt | 12/30/21 | $9,506,990 |
Gragg Advertising Advertising | 12/30/21 | $7,521,805 |
Ars Inc Debt Collection | 12/30/21 | $3,495,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,600,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,897,318 |
| Total Program Service Revenue | $577,527,824 |
| Investment income | $3,370,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,441 |
| 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 | $647,335,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,681,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,652,168 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,552,252 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $177,586,707 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,643,066 |
| Other employee benefits | $17,807,724 |
| Payroll taxes | $13,513,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,854,097 |
| Fees for services: Accounting | $683,130 |
| Fees for services: Lobbying | $398,102 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,592,499 |
| Fees for services: Other | $0 |
| Advertising and promotion | $103,260,948 |
| Office expenses | $4,910,068 |
| Information technology | $7,585,827 |
| Royalties | $0 |
| Occupancy | $46,413,126 |
| Travel | $2,770,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,067 |
| Interest | $3,983,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,739,396 |
| Insurance | $3,968,600 |
| All other expenses | $22,280,698 |
| Total functional expenses | $573,347,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,252,277 |
| Savings and temporary cash investments | $135,545,066 |
| Pledges and grants receivable | $3,724,441 |
| Accounts receivable, net | $29,360,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,360,350 |
| Inventories for sale or use | $40,194 |
| Prepaid expenses and deferred charges | $9,779,669 |
| Net Land, buildings, and equipment | $109,964,076 |
| Investments—publicly traded securities | $62,218,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $236,269,507 |
| Other assets | $7,780,051 |
| Total assets | $670,294,753 |
| Accounts payable and accrued expenses | $57,290,323 |
| Grants payable | $171 |
| Deferred revenue | $53,714,789 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $49,734,345 |
| Secured mortgages and notes payable | $37,400,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $198,140,035 |
| Net assets without donor restrictions | $471,072,718 |
| Net assets with donor restrictions | $1,082,000 |
| 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 | $670,294,753 |
Grants Awarded
Over the last fiscal year, Everglades College Inc has awarded $3,514,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Babson Park, FL PURPOSE: Programs/Admin | $2,514,000 |
Babson Park, FL PURPOSE: Programs/Admin | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Everglades College Inc has recieved totaling $25,799.
| Awarding Organization | Amount |
|---|---|
Norman R Wolford School Of Nurse Anesthesia Inc Naples, FL PURPOSE: FOR CHARITABLE PURPOSES | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $799 |
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 |
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 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |