Georgetown College

990 • Fiscal year 2025 • EIN 61-0444695

Jul 01, 2024 to Jun 30, 2025

Organization Profile WWW.GEORGETOWNCOLLEGE.EDU

Refreshing map…

400 East College StreetGeorgetown, KY 40324

(502) 863-8016

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$78,781,037

Up $2,279,363 (+3.0%) from 2024

Net Assets

$71,154,428

Up $2,831,379 (+4.1%) from 2024

Liabilities

Down

$7,626,609

Down $552,016 (-6.7%) from 2024

Revenue And Expenses

Revenue

Down

$65,479,950

Down $26,420,550 (-29%) from 2024

Expenses

Down

$64,940,449

Down $4,252,527 (-6.1%) from 2024

Net Income

Down

$539,501

Down $22,168,023 (-98%) from 2024

Historical Trend

Balance Sheet Trend

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

Highlighted filing

2025

Assets$78,781,037

Liabilities$7,626,609

Net Assets$71,154,428

Open 2025 Filing

Operations Trend

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

Highlighted filing

2025

Revenue$65,479,950

Expenses$64,940,449

Net Income$539,501

Open 2025 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2024 to Jun 30, 2025
Signed: Apr 29, 2026
Return Version: 2024v5.5
Gross Receipts: $69,415,535

Mission and Program Overview

Mission

Georgetown college is a fully accredited liberal arts institution of higher learning located in georgetown, kentucky. The college is committed to providing opportunities for excellence in higher learning under christian influences so as to afford its students a quality education in selected branches of knowledge, especially the liberal arts and sciences, with a healthy interest in the professions.

Georgetown college is a fully accredited liberal arts institution of higher learning

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$36,933,366	$37,335,001	▲ $401,635
Investments in Publicly Traded Securities	$27,464,863	$26,747,906	▼ $716,957
Accounts Receivable	$1,875,403	$2,284,720	▲ $409,317
Pledges and Grants Receivable	-	$1,671,500	-
Cash and Non-Interest-Bearing Accounts	$2,067,794	$1,021,557	▼ $1,046,237
Prepaid Expenses and Deferred Charges	$204,955	$426,010	▲ $221,055
Savings and Temporary Cash Investments	$65,300	$65,300	→ $0
Inventories for Sale or Use	$440	$440	→ $0
Total Assets	$76,501,674	$78,781,037	▲ $2,279,363
Other Assets Total	$7,889,553	$9,228,603	▲ $1,339,050
Liabilities
Other Liabilities	$3,682,296	$3,359,766	▼ $322,530
Accounts Payable and Accrued Expenses	$2,606,329	$2,577,354	▼ $28,975
Deferred Revenue	$1,890,000	$1,689,489	▼ $200,511
Total Liabilities	$8,178,625	$7,626,609	▼ $552,016
Net Assets / Fund Balance
Net Assets With Donor Restrictions	$52,265,993	$51,645,319	▼ $620,674
Net Assets Without Donor Restrictions	$16,057,056	$19,509,109	▲ $3,452,053
Total Net Assets Fund Balance	$68,323,049	$71,154,428	▲ $2,831,379
Total Liabilities and Net Assets / Fund Balance	$76,501,674	$78,781,037	▲ $2,279,363

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$29,859,361	$43,501,711	$73,361,072
Equipment	$4,944,502	$26,957,801	$31,902,303
Other Land Buildings	$1,169,218	$388,333	$1,557,551
Land	$1,361,920	-	$1,361,920
Other Assets Org	$985,412	-	-

Endowment Activity

Period	Beginning	Contrib.	Gain/Loss	Other Uses	End
2024	$25,335,267	$534,066	▲ $729,809	$3,455,765	$23,143,377
2023	$30,263,901	$547,807	▲ $3,302,555	$8,778,996	$25,335,267
2022	$30,660,596	$200,036	▲ $2,929,551	$3,526,282	$30,263,901
2021	$36,199,031	$181,901	▼ $4,387,863	$1,332,473	$30,660,596
2020	$30,220,745	$415,776	▲ $7,067,289	$1,504,779	$36,199,031

Compensation and Service Providers

Employees

Name	Title	Full / Part Time	Base	Other	Total
Rosemary Allen	President	FT	$201,923	$6,286	$208,209
Rush Sherman	CFO/treasurer	FT	$140,422	$18,096	$158,518
Bethany Langdon	VP for Advancement & Commu	FT	$146,428	$10,080	$156,508
Chris Oliver	Athletic Director	FT	$134,742	$9,890	$144,632
Curtis Sandberg	Dean of Students	FT	$109,590	$33,441	$143,031
Jonathan Sands Wise	Provost	FT	$108,206	$15,102	$123,308
Christopher Briggs	Head Basketball Coach	FT	$120,084	$2,484	$122,568
Sally Wiatrowski	VP for Business Operations	FT	$93,540	$2,073	$95,613
Leah Stubbs	Secretary to the Board of	FT	$56,434	$1,277	$57,711

Board Members and Trustees

Name	Title
Bi Houston	Trustee
Bob Yates	Trustee
Craig Wallace	Trustee
David Adkisson	Trustee
David Lee	Trustee
Dustin Stacy	Trustee
Frank Penn	Trustee
Gerald Parker	Trustee
Granetta Blevins	Trustee
Guthrie True	Trustee
Guthrie Zaring	Trustee
Horace Hambrick	Trustee
Jane Cutter	Trustee
John Blackburn	Trustee
John Cochenour	Trustee
John Travis	Trustee
John Ward	Trustee
Kenny Davis	Trustee
Lydia Samples Mattison	Trustee
Mark Birdwhistell	Trustee
Meocha Williams	Trustee
Michelle Pedigo	Trustee
Mike Lukemire	Trustee
Missy Matthews	Trustee
Nicole Collinson	Trustee
Robert Baker	Trustee
Robert Mills Jr	Trustee
Sharon Clifton	Trustee
Susan Moss	Trustee
Tracy Clark	Trustee
Tucker Ballinger	Trustee
Vickie Glisson	Trustee
Melanie Ladd	Trustee (partial Year)

Highest Paid Contractors

Contractor	Services	Location	Compensation
Sodexo INC & Affiliates	Dining Services	400 EAST COLLEGE ST, Georgetown, KY 40324, Uk	$4,524,263
Nat Management Resources Corp	Maintenance Services	PO BOX 1224, Lagrange, GA 30241	$1,990,245
Kentucky Medical Services	Athletic Trainers/medical Services	2317 ALUMNI PARK PL STE 300, Lexington, KY 40517	$568,653
Perfection Group INC	Repairs/construction	1143 BROCK MCVEY DR STE 120, Lexington, KY 40509	$526,474
Regents Park College Oxford	Student Course Fees	-	$486,309

Revenue and Support

Revenue Composition

Contributions and Grants: $7,127,531
Program Service Revenue: $53,476,515
Investment Income: $1,902,515
Other Revenue: $2,973,389
All Other Contributions: $6,681,629
Change in Net Assets: $539,501

Noncash Contribution Practices

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

Noncash Contributions

Contribution Type	Contribution Count	Reported Amount	Valuation Method
Securities Publicly Traded	12	$504,208	Fair Market Value
Other Non Cash Contri Table	1	$48,429	Fair Market Value
Other Non Cash Contri Table	2	$16,750	Fair Market Value
Other Non Cash Contri Table	3	$9,050	Fair Market Value
Other Non Cash Contri Table	1	$4,882	Fair Market Value
Other Non Cash Contri Table	1	$4,500	Fair Market Value
Other Non Cash Contri Table	1	$1,720	Fair Market Value
Food Inventory	5	$1,321	Fair Market Value
Clothing and Household Goods	-	$742	Fair Market Value
Other Non Cash Contri Table	2	$631	Fair Market Value
Books and Publications	-	$450	Fair Market Value
Other Non Cash Contri Table	1	$10	Fair Market Value
Total Noncash Contributions	29	$592,693	-

Audited Revenue Reconciliation

Revenue per Audited Statements: $26,625,226
Revenue Not Reported on Financial Statements: $38,854,724
Revenue Not Reported on Form 990: $5,789,826
Other Revenue Adjustments: $38,754,037
Total Revenue per Audited Statements: $32,415,052
Total Revenue per Form 990: $65,479,950

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Grants and Similar Amounts Paid	$38,754,037
Other Expenses	$13,541,874
Salaries, Compensation, and Employee Benefits	$12,644,538
Total Fundraising Expense	$843,401
Professional Fundraising Fees	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Grants to Domestic Individuals	$38,754,037	-	-	$38,754,037
Other Salaries and Wages	$9,266,402	$952,907	$443,709	$10,663,018
Fees for Services Other	$1,011,439	$2,320,732	$195,182	$3,527,353
Occupancy	$228,095	$1,895,934	-	$2,124,029
Depreciation Depletion	-	$1,936,588	-	$1,936,588
Current Officers, Directors, Trustees, and Key Employees	$1,050,261	$108,003	$50,290	$1,208,554
Travel	$1,009,518	$47,315	$6,439	$1,063,272
Insurance	$186,204	$733,278	-	$919,482
Information Technology	$405,827	$330,895	-	$736,722
Payroll Taxes	$577,265	$59,363	$27,642	$664,270
Other Expenses	$213,680	$67,065	$1,268	$282,013
Advertising	$116,506	$6,586	$98,710	$221,802
Fees for Service Investment Mgmnt Fees	-	$100,687	-	$100,687
Other Employee Benefits	$73,224	$7,530	$3,506	$84,260
Fees for Services Accounting	-	$62,940	-	$62,940
Fees for Services Legal	-	$30,885	-	$30,885
Pension Plan Contributions	$21,235	$2,184	$1,017	$24,436
All Other Expenses	$11,138	$3,487	$10	$14,635
Fees for Services Lobbying	-	$320	-	$320
Total Functional Expenses	$54,098,090	$9,998,958	$843,401	$64,940,449

Audited Expense Reconciliation

Line Item	Amount
Total Expenses per Form 990	$64,940,449
Expenses Not Reported on Financial Statements	$38,854,724
Other Expense Adjustments	$38,754,037
Total Expenses per Audited Statements	$29,583,673
Expenses per Audited Statements	$26,085,725
Expenses Not Reported on Form 990	$3,497,948

International Activity

International Summary

Offices: 0
Employees: 0
Spending: $385,083

International Compliance

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

Region	Activity	Services	Offices	Employees	Spending
Europe (including Iceland & Greenland) -	Program Service	REGENT'S PARK COLLEGE PROGRAMS	-	0	$385,083

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: Yes
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Georgetown College Foundation Inc	Georgetown, KY	Supporting Organization for Georgetown College	501(c)(3)	Line 12a, I	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Asset Retirement Obligation	$2,226,249
Annuity Payment Liability	$440,032
Deposits and Agency Funds	$347,280
Operating Leases Payable	$198,771
Advances for Student Loans	$133,076
Finance Leases Payable	$14,358

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 35% controlled entity: No
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: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

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

“The college provides a draft copy of the form 990 to the trustees on the finance committee and the entire board of trustees in advance of its due date for their review. Any questions or concerns received from the trustees are