Centenary College Of Louisiana
- Assets
- $186.9m
- Revenue
- $44.0m
- Investments
- $686.0
- Employees
- 575
- Location
- Shreveport, LA
- Founding
- 11/1952
- Data as of
- 06/2022
- EIN
- 72-0408915
Organization Overview
Centenary College Of Louisiana is located in Shreveport, LA. The organization was established in 1952. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Centenary College Of Louisiana employed 575 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centenary College Of Louisiana 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 06/2022, Centenary College Of Louisiana generated $44.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $36.8m during the year ending 06/2022. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION IN A VARIETY OF PROGRAMS TO APPROXIMATELY 540 UNDERGRADUATE AND 15 GRADUATE STUDENTS.
Describe the Organization's Program Activity:
PROVIDE UNDERGRADUATE AND GRADUATE EDUCATION IN A VARIETY OF PROGRAMS TO APPROXIMATELY 540 UNDERGRADUATE AND 15 GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher L Holoman Centenary President | OfficerTrustee | 40 | $325,855 |
Karen E Soul Provost & Dean Of The College | Officer | 40 | $158,634 |
Robert S Blue VP Of Finance & Admin | Officer | 40 | $164,413 |
Fred J Landry Jr VP For Development | Officer | 40 | $131,338 |
L Calhoun Allen III VP For Enrollment & Marketing | Officer | 40 | $125,398 |
Barbara Davis Dean, Frost School Of Business | Officer | 40 | $113,988 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Food Services | 6/29/22 | $2,129,598 |
National Management Resource Corpor Facility Services | 6/29/22 | $1,514,962 |
First American Equip Finance Finance Services | 6/29/22 | $429,162 |
Apogee Telecom Inc Technology Provider | 6/29/22 | $364,726 |
Storer Services Equipment Company Facility Services | 6/29/22 | $355,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,130,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,114,483 |
| Noncash contributions included in lines 1a–1f | $314,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,245,280 |
| Total Program Service Revenue | $19,419,107 |
| Investment income | $1,988,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $411,776 |
| Net Rental Income | -$2,042 |
| Net Gain/Loss on Asset Sales | $5,427,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,171,290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,973,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,907,437 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $961,297 |
| Compensation of current officers, directors, key employees. | $225,232 |
| Compensation to disqualified persons | $124,908 |
| Other salaries and wages | $8,573,456 |
| Pension plan accruals and contributions | $358,707 |
| Other employee benefits | $400,119 |
| Payroll taxes | $656,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,861 |
| Fees for services: Accounting | $192,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,794,739 |
| Advertising and promotion | $0 |
| Office expenses | $869,433 |
| Information technology | $212,744 |
| Royalties | $0 |
| Occupancy | $1,226,418 |
| Travel | $1,295,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $836,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,125,185 |
| Insurance | $562,425 |
| All other expenses | $2,154,912 |
| Total functional expenses | $36,844,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,738,572 |
| Pledges and grants receivable | $15,530,690 |
| Accounts receivable, net | $5,012,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $241,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,772,318 |
| Net Land, buildings, and equipment | $32,850,583 |
| Investments—publicly traded securities | $95,023,250 |
| Investments—other securities | $686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,680,627 |
| Total assets | $186,850,620 |
| Accounts payable and accrued expenses | $2,679,817 |
| Grants payable | $367,207 |
| Deferred revenue | $6,822 |
| 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 | $13,555,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,054,930 |
| Total liabilities | $26,664,361 |
| Net assets without donor restrictions | $6,936,444 |
| Net assets with donor restrictions | $153,249,815 |
| 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 | $186,850,620 |