Totals
- Total revenue
- $105,077,497
- Total expenses
- $130,151,264
- Contributions and grants received
- $15,802,562
- Grants paid
- $45,165,395
- Program service revenue
- $82,633,013
- Investment income
- $6,282,074
- Other revenue
- $359,848
- Total assets, end of year
- $669,389,150
- Total liabilities, end of year
- $201,009,421
- Net assets or fund balances, end of year
- $468,379,729
- Program services expenses (Part IX)
- $113,804,870
- Management and general expenses
- $13,567,924
- Fundraising expenses
- $2,778,470
- Program service expenses (Part III)
- $113,804,870
Program services were 87.4% 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)
$445,817
-
1f · All other contributions, gifts and grants
$15,356,745
-
2a · Program service revenue: COMPREHENSIVE FEE
total $81,565,603 · related or exempt $81,565,603
-
2b · Program service revenue: AUXILIARY SERVICES
total $1,067,410 · related or exempt $1,067,410
-
3 · Investment income
total $3,590,707 · unrelated business $191,746 · excluded $3,398,961
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $50,251,364
-
7b · Less cost or other basis and sales expenses
securities $47,559,997
-
7c · Gain or loss
securities $2,691,367
-
7d · Net gain or loss
total $2,691,367 · excluded $2,691,367
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $359,848 · related or exempt $359,848
-
11e · Other revenue, total
$359,848
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $45,165,395 · program services $45,165,395
-
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 $1,281,378 · program services $241,128 · management and general $748,726 · fundraising $291,524
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $30,704,396 · program services $28,119,550 · management and general $1,067,831 · fundraising $1,517,015
-
8 · Pension plan contributions
total $2,207,518 · program services $1,692,198 · management and general $373,040 · fundraising $142,280
-
9 · Other employee benefits
total $4,198,032 · program services $2,762,111 · management and general $1,120,476 · fundraising $315,445
-
10 · Payroll taxes
total $1,987,842 · program services $1,494,522 · management and general $362,495 · fundraising $130,825
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $162,706 · program services $162,706
-
11c · Fees: accounting
total $116,562 · management and general $116,562
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $2,811,998 · management and general $2,811,998
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $42,842 · program services $40,313 · management and general $2,529
-
13 · Office expenses
total $625,947 · program services $451,992 · management and general $38,400 · fundraising $135,555
-
14 · Information technology
total $794,711 · program services $1,041,773 · management and general -$261,326 · fundraising $14,264
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,760,521 · program services $1,333,612 · management and general $2,426,909
-
17 · Travel
total $2,271,826 · program services $2,087,222 · management and general $37,701 · fundraising $146,903
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,369 · program services $3,369
-
20 · Interest
total $4,781,996 · program services $4,601,777 · management and general $180,219
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,554,734 · program services $6,307,705 · management and general $247,029
-
23 · Insurance
total $824,394 · management and general $824,394
-
24a · Other expenses: FOREIGN STUDIES
total $2,530,705 · program services $2,530,705
-
24b · Other expenses: NORTON CENTER
total $1,321,771 · program services $1,321,771
-
24c · Other expenses: LIBRARY OPERATIONS
total $1,585,782 · program services $1,585,782
-
24d · Other expenses: FOOD SERVICES
total $4,144,181 · program services $4,144,181
-
24e · All other expenses
total $12,272,658 · program services $8,717,058 · management and general $3,470,941 · fundraising $84,659
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $4,482,492 · end of year $2,879,644
-
3 · Pledges and grants receivable
beginning of year $49,683,414 · end of year $50,732,255
-
4 · Accounts receivable
beginning of year $621,849 · end of year $673,232
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $383,067 · end of year $370,436
-
8 · Inventories for sale or use
beginning of year $192,517 · end of year $185,548
-
9 · Prepaid expenses and deferred charges
beginning of year $724,102 · end of year $663,660
-
10a · Land, buildings and equipment: cost or other basis
$301,941,240
-
10b · Land, buildings and equipment: accumulated depreciation
$108,745,590
-
10c · Land, buildings and equipment, net
beginning of year $153,803,292 · end of year $193,195,650
-
11 · Investments: publicly traded securities
beginning of year $104,333,277 · end of year $93,903,008
-
12 · Investments: other securities
beginning of year $281,480,957 · end of year $270,164,878
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $68,623,493 · end of year $56,620,839
-
17 · Accounts payable and accrued expenses
beginning of year $6,321,531 · end of year $9,176,409
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $160,745,509 · end of year $183,855,042
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $2,000,000 · end of year $2,863,928
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $12,531,903 · end of year $5,114,042
-
27 · Net assets without donor restrictions
beginning of year $165,404,273 · end of year $154,710,295
-
28 · Net assets with donor restrictions
beginning of year $317,325,244 · end of year $313,669,434
Mission and programs · 2022
Mission
CENTRE COLLEGE IS A SMALL, INDEPENDENT, AND SELECTIVE EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS STUDENTS. CENTRE NURTURES IN ITS STUDENTS THE ABILITY TO THINK LOGICALLY AND CRITICALLY, TO WORK CREATIVELY, TO ANALYZE AND COMPARE VALUES, AND TO WRITE AND SPEAK WITH CLARITY AND GRACE. IT ACQUAINTS STUDENTS WITH THE RANGE OF ACCOMPLISHMENTS OF THE HUMAN MIND AND SPIRIT IN A VARIETY OF ARTS AND THEORETICAL DISCIPLINES. IT ENABLES STUDENTS TO CHOOSE AND FULFILL SIGNIFICANT RESPONSIBILITIES IN SOCIETY. IN SHORT, CENTRE'S HIGHEST PRIORITY IS TO PREPARE ITS STUDENTS FOR LIVES OF LEARNING, LEADERSHIP, AND SERVICE.
Activities or mission (Part I)
CENTRE COLLEGE IS AN EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS STUDENTS.
-
FOUNDED IN 1819, THE SOLE MISSION OF CENTRE, A NATIONALLY RANKED RESIDENTIAL CO-ED PRIVATE LIBERAL ARTS COLLEGE, IS TO PROVIDE EXCEPTIONAL POST-SECONDARY UNDERGRADUATE EDUCATION TO ITS STUDENTS. WE GUARANTEE THE OPPORTUNITY TO STUDY ABROAD, TO HAVE AN INTERNSHIP, AND TO GRADUATE IN FOUR YEARS. TO DEVELOP A GLOBAL PERSPECTIVE, ABOUT 85 PERCENT OF OUR STUDENTS STUDY ABROAD, WITH CENTRE PROFESSORS, AT LEAST ONCE. COUPLED WITH SMALL CLASSES, HIGH GRADUATION RATES, ENGAGED PROFESSORS, AND REAL-WORLD PREPARATION FOR CAREER, GRADUATES ENJOY A HIGH SUCCESS RATE FOR EMPLOYMENT OR GRADUATE DEGREE ACCEPTANCE.
Expenses $113,804,870 · Grants $45,165,395 · Revenue $82,992,861
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John A RoushJOHN A ROUSH
FORMER PRESIDENT
- Total calculated
- $705,417
- From this org
- $705,417
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- $705,417
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $705,417
-
Milton MorelandMILTON MORELAND
PRESIDENT
- Total calculated
- $473,160
- From this org
- $417,315
- From related orgs
- $0
- Other
- $55,845
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $417,315
- Bonus
- $0
- Other
- $0
- Deferred
- $37,333
- Nontaxable benefits
- $18,512
- Filer's total
- $473,160
-
Brian HutzleyBRIAN HUTZLEY
VP, CFO AND TREASURER
- Total calculated
- $338,155
- From this org
- $308,181
- From related orgs
- $0
- Other
- $29,974
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $308,181
- Bonus
- $0
- Other
- $0
- Deferred
- $21,972
- Nontaxable benefits
- $8,002
- Filer's total
- $338,155
-
Kelly KnetscheKELLY KNETSCHE
VP FOR DEVELOPMENT AND ALUMNI
- Total calculated
- $273,402
- From this org
- $245,583
- From related orgs
- $0
- Other
- $27,819
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $245,583
- Bonus
- $0
- Other
- $0
- Deferred
- $20,604
- Nontaxable benefits
- $7,215
- Filer's total
- $273,402
-
Sarah NolanSARAH NOLAN
VP SRATEGIC MARKETING & COMMS
- Total calculated
- $255,449
- From this org
- $225,426
- From related orgs
- $0
- Other
- $30,023
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $225,426
- Bonus
- $0
- Other
- $0
- Deferred
- $22,725
- Nontaxable benefits
- $7,298
- Filer's total
- $255,449
-
Ellen GoldeyELLEN GOLDEY
VP FOR ACADEMIC AFFAIRS
- Total calculated
- $239,357
- From this org
- $206,693
- From related orgs
- $0
- Other
- $32,664
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $206,693
- Bonus
- $0
- Other
- $0
- Deferred
- $19,059
- Nontaxable benefits
- $13,605
- Filer's total
- $239,357
-
Barbara LomonacoBARBARA LOMONACO
VP FOR STUDENT LIFE
- Total calculated
- $207,079
- From this org
- $181,311
- From related orgs
- $0
- Other
- $25,768
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $181,311
- Bonus
- $0
- Other
- $0
- Deferred
- $18,180
- Nontaxable benefits
- $7,588
- Filer's total
- $207,079
-
James P LeaheyJAMES P LEAHEY
VP FOR LEGAL AFFAIRS
- Total calculated
- $198,851
- From this org
- $163,020
- From related orgs
- $0
- Other
- $35,831
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,020
- Bonus
- $0
- Other
- $0
- Deferred
- $16,945
- Nontaxable benefits
- $18,886
- Filer's total
- $198,851
-
Pamela BaughmanPAMELA BAUGHMAN
VP FOR STUDENT SUCCESS
- Total calculated
- $169,868
- From this org
- $135,780
- From related orgs
- $0
- Other
- $34,088
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $135,780
- Bonus
- $0
- Other
- $0
- Deferred
- $13,333
- Nontaxable benefits
- $20,755
- Filer's total
- $169,868
-
Robert NesmithROBERT NESMITH
DEAN ADMISSION & FINANCIAL AID
- Total calculated
- $165,438
- From this org
- $148,910
- From related orgs
- $0
- Other
- $16,528
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $148,910
- Deferred
- $6,110
- Nontaxable benefits
- $10,418
- Filer's total
- $165,438
-
Steven HoffmanSTEVEN HOFFMAN
EXECUTIVE DIRECTOR FOR NORTON
- Total calculated
- $165,181
- From this org
- $138,117
- From related orgs
- $0
- Other
- $27,064
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $138,117
- Bonus
- $0
- Other
- $0
- Deferred
- $14,218
- Nontaxable benefits
- $12,846
- Filer's total
- $165,181
-
Alex McAllisterALEX MCALLISTER
ASSOCIATE DEAN
- Total calculated
- $163,946
- From this org
- $131,659
- From related orgs
- $0
- Other
- $32,287
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $131,659
- Bonus
- $0
- Other
- $0
- Deferred
- $13,652
- Nontaxable benefits
- $18,635
- Filer's total
- $163,946
-
Kay DrakeKAY DRAKE
VP FOR HUMAN RESOURCES
- Total calculated
- $159,804
- From this org
- $138,621
- From related orgs
- $0
- Other
- $21,183
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $138,621
- Bonus
- $0
- Other
- $0
- Deferred
- $14,053
- Nontaxable benefits
- $7,130
- Filer's total
- $159,804
-
William FieldsWILLIAM FIELDS
DIRECTOR OF ATHLETICS
- Total calculated
- $145,503
- From this org
- $144,128
- From related orgs
- $0
- Other
- $1,375
- Hours/week
- 50
-
John R BartonJOHN R BARTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin BeatonBENJAMIN BEATON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Briana Lathon BlufordBRIANA LATHON BLUFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William S Bowmer IIIWILLIAM S BOWMER III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anita M BrittonANITA M BRITTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sheila A BurksSHEILA A BURKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennie P CarlsonJENNIE P CARLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg W CaudillGREG W CAUDILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Prashant ChakradharPRASHANT CHAKRADHAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jess CorrellJESS CORRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Angie EvansANGIE EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John FarrisJOHN FARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Craig HilleCRAIG HILLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen HodgesSTEPHEN HODGES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane HopkinsJANE HOPKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lea Stromire JohnsonLEA STROMIRE JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wijdan JreisatWIJDAN JREISAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Beth P KleinBETH P KLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tao LeTAO LE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Crit LuallenCRIT LUALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey MackinJEFFREY MACKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian MeffordBRIAN MEFFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leonard NapolitanoLEONARD NAPOLITANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John H NewmanJOHN H NEWMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark E NunnellyMARK E NUNNELLY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Peggy P PattersonPEGGY P PATTERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard RineyRICHARD RINEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eddy Roberts JrEDDY ROBERTS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James A SmithJAMES A SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Henry SnyderHENRY SNYDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee TatumLEE TATUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amul ThaparAMUL THAPAR
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. 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 · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A
- HOUSING ALLOWANCE: MILTON MORELAND, PRESIDENT, ELLEN GOLDEY, VP ACADEMIC AFFAIRS, AND BRIAN HUTZLEY, VP FINANCE AND TREASURER, ARE REQUIRED TO RESIDE IN ON-CAMPUS HOUSING PER THEIR EMPLOYMENT AGREEMENT. EXEMPT UNDER IRC 119. TRAVEL FOR COMPANIONS: AT TIMES SPOUSES ARE EXPECTED TO ACCOMPANY INTERESTED PERSONS ON BUSINESS TRIPS. ANY AMOUNTS DEEMED TO BE PERSONAL IN NATURE ARE TREATED AS TAXABLE COMPENSATION.
- Schedule J, Part I, Line 4A
- SEVERANCE PAYMENTS The following individuals received severance payments during calendar year 2022 (required to be reported on the June 30, 2023 Form 990): - John A. Roush: $705,417 - Robert Nesmith: $148,910
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUST (3)
TRUST · CHARITABLE TR · KY
Directly controlled by NA
-
CHARITABLE REMAINDER TRUST (2)
TRUST · CHARITABLE TR · FL
Directly controlled by NA
-
CHARITABLE REMAINDER TRUST
TRUST · CHARITABLE TR · CO
Directly controlled by NA
-
CHARITABLE REMAINDER TRUST
TRUST · CHARITABLE TR · OR
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349306093
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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