Paul Quinn College
- Assets
- $41.3m
- Revenue
- $22.5m
- Investments
- $3.8m
- Employees
- 422
- Location
- Dallas, TX
- Founding
- 01/1960
- Data as of
- 06/2021
- EIN
- 74-1238438
Organization Overview
Paul Quinn College is located in Dallas, TX. The organization was established in 1960. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Paul Quinn College employed 422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Quinn 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, Paul Quinn College generated $22.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $17.4m during the year ending 06/2021. While expenses have increased by 7.8% 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
PAUL QUINN COLLEGE IA A PRIVATE FAITH-BASED LIBERAL ARTS INSPIRED INSTITUTION OF HIGHER EDUCATION. WE PROVIDE A QUALITY, FAITH BASED EDUCATION THAT ADDRESSES THE ACADEMIC, SOCIAL, AND CHRISTIAN DEVELOPMENT OF STUDENTS AND PREPARES THEM TO BE SERVANT LEADERS AND AGENTS OF CHANGE IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES - THIS PROGRAM SERVICE OR FUNCTION INCLUDES EXPENSES FOR FORMALLY ORGANIZED AND/ OR SEPARATE BUDGETED INSTRUCTIONAL ACTIVITIES THAT ARE CARRIED OUT DURING THE ACADEMIC YEAR AND OFFERED FOR CREDIT AS PART OF A FORMAL POST-SECONDARY EDUCATION DEGREE OR CERTIFICATE PROGRAM.
ACADEMIC SUPPORT. THIS PROGRAM SERVICE FUNCTION INCLUDES THOSE FUNDS EXPENDED PRIMARILY TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION: INSTRUCTION , RESEARCH, AND PUBLIC SERVICE.
INSTITUTIONAL SUPPORT- THIS PROGRAM SERVICE OR FUNCTION INCLUDE EXPENDITURES THAT PROVIDE ACTIVITIES WHOSE PURPOSE IS GENERAL OPERATIONAL SUPPORT OF THE INSTITUTION.
STUDENT SUPPORT SERVICES AND AUXILLIARY ENTERPRISES THIS FUNCTION SHALL INCLUDE FUNDS EXPENDED FOR ALL THOSE ACTIVITIES WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE PHYSICAL, SOCIAL, AND CULTURAL WELFARE OF THE STUDENTS, FACULTY, STAFF, OTHER INSTITUTIONAL DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sorrell President | Officer | 40 | $452,125 |
Bruce Brinson Chief Financial Officer | Officer | 40 | $163,677 |
Grant Kizuwanda Faculty | 40 | $161,708 | |
Christopher Dowdy Faculty | 40 | $144,066 | |
Natalie Williams Faculty | 40 | $110,512 | |
William Brewer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Inc Educational Services | 6/29/21 | $491,655 |
Campus Unity Benefits Inc Student Health Care Support | 6/29/21 | $370,049 |
Crimson Building Company Llc Construction | 6/29/21 | $326,403 |
Gmc Construction Management Service Construction | 6/29/21 | $636,418 |
Isogent Partners Llc Cyber Security | 6/29/21 | $412,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,773,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,199,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,972,700 |
| Total Program Service Revenue | $7,116,963 |
| Investment income | $227,027 |
| 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 | $22,450,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,671,629 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $968,107 |
| Compensation of current officers, directors, key employees. | $968,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,050,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $486,574 |
| Payroll taxes | $269,375 |
| Fees for services: Management | $55,892 |
| Fees for services: Legal | $36,684 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $752,344 |
| Advertising and promotion | $159,540 |
| Office expenses | $623,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215,396 |
| Insurance | $0 |
| All other expenses | $2,400,456 |
| Total functional expenses | $17,400,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,003,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,253,668 |
| Accounts receivable, net | $810,688 |
| 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 | $345,000 |
| Net Land, buildings, and equipment | $11,443,879 |
| Investments—publicly traded securities | $4,976,700 |
| Investments—other securities | $3,828,676 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,663,944 |
| Total assets | $41,326,264 |
| Accounts payable and accrued expenses | $547,090 |
| 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 | $9,666,351 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,213,441 |
| Net assets without donor restrictions | $16,215,267 |
| Net assets with donor restrictions | $14,897,556 |
| 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 | $41,326,264 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paul Quinn College has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Edward And Barbara E Chulew Private Foundation Scottsdale, AZ PURPOSE: CHARITABLE DONATION | $1,000 |
Endowment Analysis
| Beg. Balance | $5,553,064 |
| Ending Balance | $5,553,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |
Mcmurry University Abilene, TX | $155,891,753 | $53,294,386 |
Dillard University New Orleans, LA | $290,476,609 | $59,120,673 |
Lyon College Batesville, AR | $134,360,694 | $34,275,899 |
Louisiana College Pineville, LA | $103,090,371 | $31,169,052 |
Mid-America Christian University Inc Oklahoma City, OK | $46,962,121 | $32,546,102 |
Armand Hammer United World College Of The American West Montezuma, NM | $400,858,910 | $44,401,758 |
Oklahoma Wesleyan University Bartlesville, OK | $43,343,629 | $28,422,730 |
Franciscan Missionaries Of Our Lady University Baton Rouge, LA | $40,246,708 | $34,315,174 |
Philander Smith College Little Rock, AR | $65,347,425 | $53,386,787 |
Huston-Tillotson University Austin, TX | $62,601,605 | $47,310,570 |
Institute Of American Indian & Alaska Native Culture & Arts Santa Fe, NM | $85,848,519 | $25,390,342 |