Form 990 for tax year 2023
Filed by SIMMONS COLLEGE OF KENTUCKY INC.
Totals
- Total revenue
- $17,271,781
- Total expenses
- $15,430,416
- Contributions and grants received
- $12,472,844
- Grants paid
- $1,592,353
- Program service revenue
- $4,755,136
- Investment income
- $6,077
- Other revenue
- $37,724
- Total assets, end of year
- $22,129,604
- Total liabilities, end of year
- $5,928,476
- Net assets or fund balances, end of year
- $16,201,128
- Program services expenses (Part IX)
- $10,476,709
- Management and general expenses
- $4,839,496
- Fundraising expenses
- $114,211
- Program service expenses (Part III)
- $10,476,709
Program services were 67.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$7,471,190
-
1f · All other contributions, gifts and grants
$5,001,654
-
2a · Program service revenue: Athletics
total $33,456 · related or exempt $33,456
-
2b · Program service revenue: Community Education
total $286 · related or exempt $286
-
2c · Program service revenue: Student Tuition and Fees
total $4,721,394 · related or exempt $4,721,394
-
3 · Investment income
total $6,077 · excluded $6,077
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$212,404
-
8b · Fundraising events: direct expenses
$190,589
-
8c · Net income from fundraising events
total $21,815
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$1,268
-
10b · Cost of goods sold
$2,069
-
10c · Net income from sales of inventory
total -$801 · related or exempt -$801
-
11a · Other revenue: Other Revenue
total $16,710 · related or exempt $16,710
-
11e · Other revenue, total
$16,710
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,592,353 · program services $1,592,353
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $150,000 · management and general $120,000 · fundraising $30,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $6,936,507 · program services $5,180,029 · management and general $1,743,875 · fundraising $12,603
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $774,484 · program services $566,125 · management and general $203,703 · fundraising $4,656
-
10 · Payroll taxes
total $626,574 · program services $458,007 · management and general $164,800 · fundraising $3,767
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $669 · management and general $669
-
11c · Fees: accounting
total $43,728 · management and general $43,728
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $281,959 · program services $60,321 · management and general $176,420 · fundraising $45,218
-
12 · Advertising and promotion
total $323,794 · program services $148,342 · management and general $163,221 · fundraising $12,231
-
13 · Office expenses
total $260,827 · program services $115,074 · management and general $143,365 · fundraising $2,388
-
14 · Information technology
total $953,712 · program services $695,935 · management and general $256,282 · fundraising $1,495
-
15 · Royalties
total $0
-
16 · Occupancy
total $973,999 · management and general $973,999
-
17 · Travel
total $21,030 · management and general $21,030
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $24,881 · management and general $24,881
-
20 · Interest
total $165,027 · management and general $165,027
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $379,766 · management and general $379,766
-
23 · Insurance
total $71,681 · program services $4,259 · management and general $67,384 · fundraising $38
-
24a · Other expenses: Student Housing
total $746,031 · program services $746,031
-
24b · Other expenses: Student Activities
total $340,923 · program services $277,411 · management and general $63,512
-
24c · Other expenses: Academic Affairs
total $328,674 · program services $313,665 · management and general $15,009
-
24d · Other expenses: Training
total $145,433 · program services $75,325 · management and general $69,466 · fundraising $642
-
24e · All other expenses
total $288,364 · program services $243,832 · management and general $43,359 · fundraising $1,173
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $693,312 · end of year $50,211
-
2 · Savings and temporary cash investments
beginning of year $3,241,974 · end of year $875,373
-
3 · Pledges and grants receivable
beginning of year $47,248 · end of year $26,000
-
4 · Accounts receivable
beginning of year $1,622,180 · end of year $2,283,105
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$20,959,719
-
10b · Land, buildings and equipment: accumulated depreciation
$2,169,904
-
10c · Land, buildings and equipment, net
beginning of year $11,580,391 · end of year $18,789,815
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $9,000 · end of year $105,100
-
17 · Accounts payable and accrued expenses
beginning of year $181,078 · end of year $432,838
-
19 · Deferred revenue
beginning of year $500
-
23 · Secured mortgages and notes payable
beginning of year $2,653,008 · end of year $5,495,638
-
27 · Net assets without donor restrictions
beginning of year $10,134,782 · end of year $13,743,060
-
28 · Net assets with donor restrictions
beginning of year $4,224,737 · end of year $2,458,068
Mission and programs · 2023
Mission
Simmons College of Kentucky is an institution of biblical higher education dedicated to educating people in the urban context through strong academic and professional programs in order that they may become productive citizens and agents of change in society.
-
Academic Affairs - Instruction and course offerings in five baccalaureate majors: Business, Sociology, Communications, Music, and Religious Studies, along with two Associate Degree Programs: general studies and religious studies. Includes academic support services such as library, faculty development, technology, and tutoring.
Expenses $5,097,509 · Grants $7,471,190
-
Student Affairs: The College provides multiple support services for enrolled students, including counseling, coaching, and advising to promote student persistence and achievement in their educational goals student activities to promote engagement with the college community, including athletics programs, marching band, student government, and co-curricular activities, as well as career development services.
Expenses $3,635,774 · Revenue $33,456
-
Enrollment Management: Includes admissions, registrar functions, student success coaching, financial aid and scholarship programs.
Expenses $1,743,426 · Revenue $4,721,394
As filed on the 2023 return.
Listed in Part VII
-
Kevin Cosby
President
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Javan D Reed
VP Academ Affairs
- Total calculated
- $119,750
- From this org
- $119,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Walter Malone III
VP-Student Affairs
- Total calculated
- $102,500
- From this org
- $102,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Samantha O Betton
Assoc. VP Acad Aff
- Total calculated
- $100,817
- From this org
- $100,817
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Alfonso Cornish
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Alice Houston
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Alma J Pittman
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Dr Brandon Dumas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Blue
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christina Lucas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev D Corrie Shull
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Rev Delbert Brown
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr F Bruce Williams
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Joel Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John W Houghtaling II
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Keith Tyler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Phillip Bond
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Rev Dr Samuel C Tolbert Jr
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Dr S C Dixon
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Susan Collins
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ursula Parrish Daniels
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Walter Malone Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Honorary Rev Louis Newby
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dwight Haygood
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Rice
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Veronica Buckner
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349308824
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