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Nonprofiteer
← BREVARD COLLEGE CORPORATION

Form 990 for tax year 2024

Filed by BREVARD COLLEGE CORPORATION.

Totals

Total revenue
$41,569,910
Total expenses
$39,110,182
Contributions and grants received
$3,790,736
Grants paid
$13,721,794
Program service revenue
$35,851,134
Investment income
$1,925,107
Other revenue
$2,933
Total assets, end of year
$90,481,812
Total liabilities, end of year
$22,361,107
Net assets or fund balances, end of year
$68,120,705
Program services expenses (Part IX)
$31,696,339
Management and general expenses
$7,018,542
Fundraising expenses
$395,301
Program service expenses (Part III)
$31,696,339

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • W HEATHLEY HEATH WELDON

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • J PHILLIP JEROME

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • W BRADLEY LAKESON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • DR BETSY O BAREFOOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DR B BARBARA BOERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DR JOHN S BOGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ISAAC BRADLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LT GEN RONALD L BURGESS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BRIAN DAVISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOE DEPIPPO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CALVIN HARRELSON III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • REGINALD REG D HEINITSH JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ROGER HERBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BARBARA A HULSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DR MARK LEMEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BARBARA M NESBITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LEIGH ANNE MONAGHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ALFRED AL F PLATT JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • FRANK STOKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JERRY STONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ELIZABETH BETTY O TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DONA D VAUGHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • W GIL WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ART FISHER

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1
  • A EDWIN JONES

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1
  • BRADLEY ANDREWS

    PRESIDENT

    Total calculated
    $315,271
    From this org
    $286,188
    From related orgs
    $0
    Other
    $29,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,788
    Bonus
    $0
    Other
    $8,400
    Deferred
    $11,448
    Nontaxable benefits
    $17,635
    Filer's total
    $315,271
  • JUAN MASCARO

    CFO

    Total calculated
    $211,695
    From this org
    $198,308
    From related orgs
    $0
    Other
    $13,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,108
    Bonus
    $0
    Other
    $1,200
    Deferred
    $0
    Nontaxable benefits
    $13,387
    Filer's total
    $211,695
  • MITCHELL RADFORD

    VP FINANCE

    Total calculated
    $137,226
    From this org
    $121,059
    From related orgs
    $0
    Other
    $16,167
    Hours/week
    40
  • R CHAD HOLT

    VP ADMISSIONS & FINANCIAL AID

    Total calculated
    $139,418
    From this org
    $121,856
    From related orgs
    $0
    Other
    $17,562
    Hours/week
    40
  • PATRICK WAGNER

    VP FOR ALUMNI AFFAIRS & DEVELOPMENT

    Total calculated
    $190,851
    From this org
    $170,691
    From related orgs
    $0
    Other
    $20,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,491
    Bonus
    $0
    Other
    $7,200
    Deferred
    $6,828
    Nontaxable benefits
    $13,332
    Filer's total
    $190,851
  • JENNIFER FRICK-RUPPERT

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $136,781
    From this org
    $120,862
    From related orgs
    $0
    Other
    $15,919
    Hours/week
    40
  • MICHAEL LEAMY

    ASSOC. VP AA ONLINE LEARNING

    Total calculated
    $133,690
    From this org
    $128,031
    From related orgs
    $0
    Other
    $5,659
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT WAS PROVIDED A MEMBERSHIP AT A LOCAL COUNTRY CLUB TO BE USED FOR FUNDRAISING ACTIVITIES AND OTHER COLLEGE BUSINESS. USE OF THE MEMBERSHIP IS SUBSTANTIATED. LASTLY, THE COLLEGE ALSO PROVIDES HOUSING AND WEEKLY HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. BOTH BENEFITS ARE A CONDITION OF EMPLOYMENT AND THEREFORE ARE NOT TREATED AS TAXABLE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
12 April 2026
IRS schema version
2024v5.5
Source object
202601049349301025

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