Centenary College Of Louisiana
- Assets
- $197.5m
- Revenue
- $39.0m
- Investments
- $686.0
- Employees
- 590
- Location
- Shreveport, LA
- Founding
- 11/1952
- Data as of
- 06/2021
- 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 06/2021, Centenary College Of Louisiana employed 590 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 06/2021, Centenary College Of Louisiana generated $39.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $35.4m during the year ending 06/2021. While expenses have increased by 1.7% 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
2021
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 | $256,336 |
Robert S Blue VP Of Finance & Admin | Officer | 40 | $164,014 |
Karen E Soul Provost & Dean Of The College | Officer | 40 | $146,285 |
Fred J Landry Jr VP For Development | Officer | 40 | $133,131 |
L Calhoun Allen III VP For Enrollment | Officer | 40 | $125,087 |
Barbara Davis Dean, Frost School Of Business | Officer | 40 | $97,893 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Management Resource Corpor Facility Services | 6/29/21 | $1,547,916 |
Apogee Telecom Inc Technology Provider | 6/29/21 | $637,650 |
Sodexo Inc Affiliates Food Services | 6/29/21 | $2,453,883 |
Ardeo Education Solutions Lrap | 6/29/21 | $278,806 |
First American Equip Finance Finance Services | 6/29/21 | $345,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,341,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,168,431 |
| Noncash contributions included in lines 1a–1f | $404,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,510,406 |
| Total Program Service Revenue | $20,909,316 |
| Investment income | $2,566,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $182,999 |
| Net Rental Income | $6,486 |
| Net Gain/Loss on Asset Sales | $4,777,865 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,039,980 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,039,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,053,113 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $927,856 |
| Compensation of current officers, directors, key employees. | $247,088 |
| Compensation to disqualified persons | $74,175 |
| Other salaries and wages | $8,040,558 |
| Pension plan accruals and contributions | $139,667 |
| Other employee benefits | $614,135 |
| Payroll taxes | $614,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,551 |
| Fees for services: Accounting | $137,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,652,234 |
| Advertising and promotion | $0 |
| Office expenses | $212,594 |
| Information technology | $888,590 |
| Royalties | $0 |
| Occupancy | $1,304,249 |
| Travel | $1,151,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $763,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,969,531 |
| Insurance | $432,179 |
| All other expenses | $1,800,624 |
| Total functional expenses | $35,352,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,332,617 |
| Pledges and grants receivable | $10,284,056 |
| Accounts receivable, net | $269,067 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $318,722 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $417,125 |
| Net Land, buildings, and equipment | $33,369,141 |
| Investments—publicly traded securities | $115,757,669 |
| Investments—other securities | $686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,797,156 |
| Total assets | $197,546,239 |
| Accounts payable and accrued expenses | $2,473,841 |
| Grants payable | $418,137 |
| Deferred revenue | $263,214 |
| 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 | $13,839,015 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,348,378 |
| Total liabilities | $24,342,585 |
| Net assets without donor restrictions | $7,968,526 |
| Net assets with donor restrictions | $165,235,128 |
| 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 | $197,546,239 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Centenary College Of Louisiana has recieved totaling $1,922,390.
| Awarding Organization | Amount |
|---|---|
Gladys & Ed E Hurley Endowment Foundation 3603215802 Chicago, IL PURPOSE: GENERAL | $1,325,428 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $315,000 |
Eleanor Hutchinson Parker Foundation Inc San Diego, CA PURPOSE: GENERAL | $100,000 |
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: FOR GENERAL SUPORT; FOR THE LABOR OMNIA VINCIT SCHOLARSHIPS #1 AND #2; GIVE FOR GOOD GRANT; FOR ANNUAL SCHOLARSHIPS AND TO PROVIDE NEED-BASED GRANT-IN-AID TO ONE OR MORE STUDENTS; FOR SCHOLARSHIPS TO STUDENTS WHO ARE ENROLLED, OR WHO WISH TO ENROLL AS FULL-TIME STUDENTS. | $58,517 |
Joyce S Mudd Foundation Shreveport, LA PURPOSE: FUNDS FOR CENTER FOR TEACHING & LEARNING | $51,014 |
Boyce Thompson Institute For Plant Research Inc Ithaca, NY PURPOSE: COLLABORATIVE RESEARCH | $25,896 |
Endowment Analysis
| Beg. Balance | $135,895,780 |
| Earnings | $33,587,426 |
| Net Contributions | $280,476 |
| Other Expense | $1,700 |
| Grants | $7,260,419 |
| Ending Balance | $162,501,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harding University Searcy, AR | $405,616,863 | $135,462,423 |
University Of Mary Hardin-Baylor Belton, TX | $347,893,430 | $125,812,163 |
University Of St Thomas Houston, TX | $283,234,320 | $105,820,865 |
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
William Carey University Hattiesburg, MS | $258,133,608 | $93,416,449 |
Hardin-Simmons University Abilene, TX | $364,651,432 | $94,074,650 |
Austin College Sherman, TX | $297,085,241 | $79,413,708 |
Our Lady Of The Lake University Of San Antonio San Antonio, TX | $113,222,017 | $76,356,070 |
Concordia University Texas Austin, TX | $144,062,806 | $77,596,323 |
Letourneau University Longview, TX | $118,292,663 | $66,156,893 |
East Texas Baptist University Marshall, TX | $165,907,529 | $69,149,691 |
The University Of Texas Texas A M Investment Management Company Austin, TX | $52,069,429 | $55,635,723 |