Shorter College
- Assets
- $8.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 93
- Location
- North Little Rock, AR
- Founding
- 06/1946
- Data as of
- 06/2021
- EIN
- 71-0350954
Organization Overview
Shorter College is located in North Little Rock, AR. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Shorter College employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shorter 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, Shorter College generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $7.6m during the year ending 06/2021. While expenses have increased by 14.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SHORTER COLLEGE IS A PRIVATE CO EDUCATIONAL 2 YEAR INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION SUCCESSFULLY COMPLETED ANOTHER ACADEMIC SCHOOL YEAR ADDING VALUE TO THE COMMUNITY AND THE STUDENTS IT SERVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Lanell Ross Board Member | Officer | 5 | $0 |
Rev Marcellus Fields Board Member | Officer | 5 | $0 |
Rev Tyrone Broomfield Board Member | Officer | 5 | $0 |
Jerome Green President | Officer | 40 | $0 |
Bishop Michael Mitchell Chariman | Officer | 40 | $0 |
Dr Carolyn Jones Board Member | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,089,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,311,177 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $8,311,177 |
| 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. | $155,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,113,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,421 |
| Payroll taxes | $246,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $277,234 |
| Office expenses | $115,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $621,857 |
| Travel | $194,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,892 |
| Insurance | $351,544 |
| All other expenses | $71,779 |
| Total functional expenses | $7,583,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,355 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,202,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,338,765 |
| Accounts payable and accrued expenses | $1,109,435 |
| 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 | $62,980 |
| Other liabilities | $0 |
| Total liabilities | $1,172,415 |
| Net assets without donor restrictions | $6,959,654 |
| Net assets with donor restrictions | $206,696 |
| 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 | $8,338,765 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shorter College has recieved totaling $38,452.
| Awarding Organization | Amount |
|---|---|
Ascendium Education Solutions Inc Madison, WI PURPOSE: Project Success emergency Aid Paid Internship programs | $38,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |
Southwestern Christian College Terrell, TX | $4,746,786 | $3,502,099 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |