Civic Intelligence

Young Harris College

990 • Fiscal year 2019 • EIN 58-0593414

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 25, 2020

PO Box 68Young Harris, GA 30582-0068

(706) 379-3111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.17x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.67x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

20th percentile

$259,649

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

18th percentile

-1.8%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-14%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Down

$172,640,549

Down $3,110,606 (-1.8%) from 2018

Net Assets

Down

$142,937,567

Down $4,189,797 (-2.8%) from 2018

Liabilities

Up

$29,702,982

Up $1,079,191 (+3.8%) from 2018

Revenue

Down

$44,022,861

Down $7,194,535 (-14%) from 2018

Expenses

Down

$49,964,161

Down $1,087,993 (-2.1%) from 2018

Net Income

Down

-$5,941,300

Down $6,106,542 (-3696%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $146,132,317Liabilities 2010: $36,323,362Net Assets 2010: $109,808,9552010Assets 2011: $189,936,470Liabilities 2011: $46,102,453Net Assets 2011: $143,834,0172011Assets 2012: $186,802,154Liabilities 2012: $50,759,142Net Assets 2012: $136,043,0122012Assets 2013: $207,714,931Liabilities 2013: $58,016,027Net Assets 2013: $149,698,9042013Assets 2014: $230,464,519Liabilities 2014: $72,061,354Net Assets 2014: $158,403,1652014Assets 2015: $220,442,680Liabilities 2015: $68,593,886Net Assets 2015: $151,848,7942015Assets 2016: $168,102,612Liabilities 2016: $29,221,422Net Assets 2016: $138,881,1902016Assets 2017: $170,734,126Liabilities 2017: $27,468,902Net Assets 2017: $143,265,2242017Assets 2018: $175,751,155Liabilities 2018: $28,623,791Net Assets 2018: $147,127,3642018Assets 2019: $172,640,549Liabilities 2019: $29,702,982Net Assets 2019: $142,937,5672019Assets 2020: $174,387,873Liabilities 2020: $29,274,011Net Assets 2020: $145,113,8622020Assets 2021: $195,807,623Liabilities 2021: $25,346,951Net Assets 2021: $170,460,6722021Assets 2022: $174,026,607Liabilities 2022: $25,570,946Net Assets 2022: $148,455,6612022Assets 2023: $177,636,907Liabilities 2023: $25,408,055Net Assets 2023: $152,228,8522023Assets 2024: $190,769,554Liabilities 2024: $25,456,910Net Assets 2024: $165,312,6442024

Highlighted filing

2019

Assets$172,640,549
Liabilities$29,702,982
Net Assets$142,937,567

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $27,601,3802010Expenses 2011: $35,262,7542011Expenses 2012: $38,415,2522012Expenses 2013: $45,162,5292013Revenue 2014: $47,368,467Expenses 2014: $48,343,956Net Income 2014: -$975,4892014Revenue 2015: $48,635,429Expenses 2015: $53,854,745Net Income 2015: -$5,219,3162015Revenue 2016: $50,312,749Expenses 2016: $53,904,448Net Income 2016: -$3,591,6992016Revenue 2017: $48,162,861Expenses 2017: $52,636,254Net Income 2017: -$4,473,3932017Revenue 2018: $51,217,396Expenses 2018: $51,052,154Net Income 2018: $165,2422018Revenue 2019: $44,022,861Expenses 2019: $49,964,161Net Income 2019: -$5,941,3002019Revenue 2020: $47,760,154Expenses 2020: $45,723,343Net Income 2020: $2,036,8112020Revenue 2021: $48,787,374Expenses 2021: $46,605,001Net Income 2021: $2,182,3732021Revenue 2022: $48,051,925Expenses 2022: $47,838,061Net Income 2022: $213,8642022Revenue 2023: $43,098,731Expenses 2023: $47,109,090Net Income 2023: -$4,010,3592023Revenue 2024: $47,269,562Expenses 2024: $47,586,297Net Income 2024: -$316,7352024

Highlighted filing

2019

Revenue$44,022,861
Expenses$49,964,161
Net Income-$5,941,300
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 25, 2020
Return Version
2018v3.1
Gross Receipts
$55,134,506
Mission and Program Overview

Mission

Young harris college educates, inspires, and empowers students through a comprehensive liberal arts experience that integrates mind, body, and spirit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$72,568,368$74,156,673▲ $1,588,305
Land, Buildings, and Equipment, Net$64,305,737$62,374,333▼ $1,931,404
Investments in Publicly Traded Securities$32,352,839$31,476,805▼ $876,034
Cash and Non-Interest-Bearing Accounts$2,779,436$2,339,886▼ $439,550
Investments Program Related$1,850,638$1,617,893▼ $232,745
Other Notes and Loans Receivable, Net$396,895$334,193▼ $62,702
Pledges and Grants Receivable$1,302,916$177,980▼ $1,124,936
Prepaid Expenses and Deferred Charges$144,768$120,759▼ $24,009
Accounts Receivable$49,558$42,027▼ $7,531
Total Assets$175,751,155$172,640,549▼ $3,110,606
Liabilities
Mortgage Notes Payable Secured by Investment Property$26,066,647$27,205,251▲ $1,138,604
Accounts Payable and Accrued Expenses$1,536,595$1,512,608▼ $23,987
Other Liabilities$1,020,549$985,123▼ $35,426
Total Liabilities$28,623,791$29,702,982▲ $1,079,191
Net Assets / Fund Balance
Permanently Rstr Net Assets$86,143,376$82,006,863▼ $4,136,513
Unrestricted Net Assets$50,307,967$53,669,151▲ $3,361,184
Temporarily Rstr Net Assets$10,676,021$7,261,553▼ $3,414,468
Total Net Assets Fund Balance$147,127,364$142,937,567▼ $4,189,797
Total Liabilities and Net Assets / Fund Balance$175,751,155$172,640,549▼ $3,110,606

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$55,729,377$22,620,091$78,349,468
Equipment$916,048$18,983,485$19,899,533
Leasehold Improvements$1,743,490$6,608,667$8,352,157
Land$3,633,411-$3,633,411
Other Land Buildings$352,007-$352,007
Other Securities$1,406,554--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$45,094,844$1,929,460▲ $590,502$2,286,476$45,328,330
2017$39,219,050$5,444,039▲ $2,896,848$2,465,093$45,094,844
2016$35,854,145$427,662▲ $5,076,465$2,139,222$39,219,050
2015$39,467,057$291,787▼ $690,527$3,214,172$35,854,145
2014$43,148,239$189,334▲ $884,308$4,754,824$39,467,057
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Drew L Van HornPresident/ex-officio TrusteeFT$235,664$23,985$259,649
C Brooks SeayVP of Finance and AdministrationFT$184,672$19,631$204,303
James OwenVP of AdvancementFT$156,868$44,171$201,039
Wade M BensonChief Financial Officer/controllerFT$112,346$34,095$146,441
Clayton DanielsVP of Enrollment ManagementFT$104,572$40,922$145,494
Dr Don a Harp JrTrusteeship, Governance, and Comp-$14,400-$14,400

Board Members and Trustees

NameTitle
Henry M HuckabyAcademic Affairs Committee Chair
Kurt T MomandBoard Chair/executive Comm Chair
Pam R RollinsDevelopment Committee Chair
William a JohnstonEndowment Committee Chair
Julie D SalisburyEnrollment Management Comm Chair
William F Easterlin IiiFinance Committee Chair
Jonathan F AndersonProperties Committee Chair
Margaret R BukerStudent Affairs Committee Chair
Mr Ron W HinsonVice Board Chair
Bishop Sue Haupert-johnsonEx-officio Trustee
Charlotte S MccloskeyEx-officio Trustee
Lexi HooperEx-officio Trustee
Rev Dr P Alice RogersEx-officio Trustee
Rev Michael MccordEx-officio Trustee
Dr Robert V OzmentLife-time Trustee
Alvin GibsonTrustee
Carol a ChastainTrustee
Darryl a HicksTrustee
David J LanceTrustee
Dr James F EllisonTrustee
Eustace P MccannonTrustee
Gerald W HudginsTrustee
James E WilliamsTrustee
Jerry W NixTrustee
Jimmy C TallentTrustee
Julia Webb DavisTrustee
Kirk S Wimberly IiiTrustee
Loulie Tarbutton ReeseTrustee
M Brantley BarrowTrustee
Marlan B WilbanksTrustee
Martha J LoganTrustee
Mary S BroadrickTrustee
Matthew P AndersonTrustee
Meaghan Derrick FineTrustee
Michele T WhiteTrustee
Paul D BeckhamTrustee
RENE' M DIAZTrustee
Ray P Lambert JrTrustee
Richard W McginnisTrustee
Ted McmullanTrustee
The Honorable Charles S WynneTrustee
The Honorable Earl L CarterTrustee
The Honorable Murphy C MillerTrustee
James T Johnston JrSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo INCFood And Physical Plant ServicesPO BOX 536922, Atlanta, GA 30353$4,175,454
Padgett GroupHvac Contractors140 MOUNTAIN BROOK DRIVE, Canton, GA 30115$226,315
FollettBookstore Operations3146 SOLUTIONS CENTER, Chicago, IL 60677$216,860
LiaisonEnrollment Management311 ARSENAL STREET, Watertown, MA 02472$180,811
Custom Home PaintingPainting712 BEAR RUN ROAD, Hiawassee, GA 30546$156,680
Revenue and Support

Revenue Composition

Contributions and Grants
$3,341,222
Program Service Revenue
$37,674,247
Investment Income
$3,052,193
Other Revenue
$-44,801
All Other Contributions
$2,928,620
Change in Net Assets
$-5,941,300

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$537,403Listed Exchange Value
Other Non Cash Contri Table2$6,001Estimated Fair Value
Other Non Cash Contri Table2$2,199Estimated Fair Value
Total Noncash Contributions20$545,603-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,249,852
Revenue Not Reported on Financial Statements
$19,773,009
Revenue Not Reported on Form 990
$536,828
Other Revenue Adjustments
$19,576,746
Total Revenue per Audited Statements
$24,786,680
Total Revenue per Form 990
$44,022,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,576,746
Other Expenses$15,411,229
Salaries, Compensation, and Employee Benefits$14,976,186
Total Fundraising Expense$1,342,233
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$17,377,928--$17,377,928
Other Salaries and Wages$10,155,671$849,050$664,671$11,669,392
Office Expenses$4,155,193$92,876$76,409$4,324,478
Depreciation Depletion$2,388,671$118,827-$2,507,498
Foreign Grants$2,198,818--$2,198,818
Occupancy$1,863,214$4,064$2,919$1,870,197
Other Employee Benefits$1,121,550$106,762$129,555$1,357,867
Interest$949,333$35,538-$984,871
Travel$732,724$59,785$37,976$830,485
Payroll Taxes$700,445$62,015$46,798$809,258
Pension Plan Contributions$557,059$64,713$35,918$657,690
Advertising$262,122$64,838$170,131$497,091
Current Officers, Directors, Trustees, and Key Employees$192,153$275,426$14,400$481,979
Fees for Services Other$167,471$237,280$4,556$409,307
Insurance$215,591$123,095-$338,686
Other Expenses$142,492$56,658$26,322$225,472
Fees for Service Investment Mgmnt Fees-$196,263-$196,263
All Other Expenses$37,021$6,045$45,655$88,721
Fees for Services Accounting-$76,078-$76,078
Fees for Services Legal-$6,663-$6,663
Total Functional Expenses$46,039,399$2,582,529$1,342,233$49,964,161

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$49,964,161
Total Expenses per Audited Statements$30,256,725
Expenses per Audited Statements$30,191,152
Expenses Not Reported on Financial Statements$19,773,009
Other Expense Adjustments$19,576,746
Expenses Not Reported on Form 990$65,573
International Activity

International Summary

Offices
0
Employees
0
Spending
$65,998

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesStudy Abroad Programs00$65,998
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,537
Fundraising Gross Income$19,739
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clay Dotson Open$93,809$19,739$15,719$4,020
Total Events$93,809$19,739$25,537$-5,798
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$677,073
Due to Beneficiaries$308,050
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two members of the college's board of trustees have a business relationship with a local area bank, united community bank, inc. The bank's chief executive officer, jimmy c. Tallent, and the bank's chief compliance officer, carol chastain, are trustees of the college.

Form 990, Part VI, Section B, Line 11B

The form 990 is sent electronically or by direct mail to all voting trustees for review prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization reviews and monitors any possible conflicts that are listed on the annual required disclosures filed by the officers, directors and employees.

Form 990, Part VI, Section B, Line 15

The trusteeship, governance, compensation committee of the board of trustees reviews and approves the president's compensation. The vice presidents' compensation is reviewed and approved by the president. The human resource office maintains comparability data and all employee information.

Form 990, Part VI, Section C, Line 18

The college's form 990 is available upon request.

Form 990, Part VI, Section C, Line 19

The college's governing documents are available upon request.

FORM 990, PART VI, SECTION B, LINE 16B:

The college's equity interest in any joint venture is so small and in the nature of an investment interest, rather than as an active participant in the activities of any venture. As such, it is not necessary to have initiation and veto powers. These investments are permitted under the provisions of the college's investment policy and evaluated on a case-by-case basis with consideration of the protection of the college's tax-exempt status.

Filing and Contact Details

Filer

Filer Name
Young Harris College
EIN
58-0593414
Phone
7063793111
Address
PO BOX 68, YOUNG HARRIS, GA 30582-0068

Signing Officer

Name
Wade M Benson CPA
Title
Chief Financial Officer
Phone
7063793111
Signed
2020-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Drew Van Horn
Formed
1886
Legal Domicile
Ga
Voting Board Members
45
Independent Board Members
40
Employees
693
Volunteers
46

Preparer

Firm
Warren Averett LLC
Address
SIX CONCOURSE PARKWAY SUITE 600, ATLANTA, GA 30328
Preparer
Adam Repasy
Phone
7703961100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of split interest agreements 264,894. Distribution to beneficiaries -11,573.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are used for scholarships, academic chairs, library, public programs, maintenance, long-term facility repairs and replacement, and other.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of split interest agreements 264,894.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and financial assistance 19,576,746.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Distribution to beneficiaries 11,573.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and financial assistance 19,576,746.

Raw XML AppendixShowing 400 of 1,192 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0YOUNG HARRIS COLLEGE EDUCATES, INSPIRES, AND EMPOWERS STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS EXPERIENCE THAT INTEGRATES MIND, BODY, AND SPIRIT.
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IRS990/Desc0INSTRUCTIONAL: FUNDS EXPENDED TO EDUCATE STUDENTS THROUGH A COMPREHENSIVE LIBERAL ARTS BACHELOR'S DEGREE PROGRAM DELIVERED THROUGH INNOVATIVE ACADEMIC INSTRUCTION. ENROLLMENT IN 2018-2019 INCLUDED APPROXIMATELY 1,457 STUDENTS. ACADEMIC OFFERINGS INCLUDE ACCOUNTING, ART, BIOLOGY, BUSINESS AND PUBLIC POLICY, CHEMISTRY, COMMUNICATIONS STUDIES, CREATIVE WRITING, ECONOMICS, EDUCATION (EARLY CHILDHOOD), EDUCATION (MIDDLE GRADES), ENGLISH, ENVIRONMENTAL SCIENCE, GRAPHIC DESIGN, HISTORY, INTERDISCIPLINARY STUDIES, MANAGEMENT, MATHEMATICS, MUSIC, MUSIC EDUCATION, MUSICAL THEATRE, OUTDOOR LEADERSHIP, PSYCHOLOGY, RELIGIOUS STUDIES, SPANISH, THEATRE, THEATRICAL DESIGN AND PRODUCTION, AND A MASTERS OF ARTS IN TEACHING.
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IRS990/Form990PartVIISectionAGrp/PersonNm39THE HONORABLE CHARLES S WYNNE
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IRS990/Form990PartVIISectionAGrp/PersonNm44REV MICHAEL MCCORD
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$191$25.5$165$47.3$47.6$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$178$25.4$152$43.1$47.1$4.01
2022Detailed filing. Detailed filing data is available for this year.$174$25.6$148$48.1$47.8$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$196$25.3$170$48.8$46.6$2.18
2020Detailed filing. Detailed filing data is available for this year.$174$29.3$145$47.8$45.7$2.04
2019Detailed filing. Detailed filing data is available for this year.$173$29.7$143$44.0$50.0$5.94
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$176$28.6$147$51.2$51.1$0.17
2017Detailed filing. Detailed filing data is available for this year.$171$27.5$143$48.2$52.6$4.47
2016Detailed filing. Detailed filing data is available for this year.$168$29.2$139$50.3$53.9$3.59
2015Detailed filing. Detailed filing data is available for this year.$220$68.6$152$48.6$53.9$5.22
2014Detailed filing. Detailed filing data is available for this year.$230$72.1$158$47.4$48.3$0.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$208$58.0$150$45.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$50.8$136$38.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$190$46.1$144$35.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$36.3$110$27.6