Hood College is a university based in Frederick, MD that was founded in 1893. As of 2018 they had $67 million in revenue and $174 million in assets.
Hood College is a premier, comprehensive liberal arts college, offering both undergraduate and graduate students an excellent and holistic educational experience that prepares them for personal and professional achievement and productive participation.
Previous legal names or variations of their name include: Hood College Of Frederick Md.
EIN:
52-0591608
City:
State:
Metro:
Website:
Phone:
301-663-3131
Facebook:
Twitter:
Founded:
1893
Type:
501(c)(3)
NTEE:
Revenue:
$67,731,433
Assets:
$174,940,375
Employees:
1,070
Fiscal year end:
June
Program areas at Hood College
Higher education-founded in 1893, Hood College is a private institution of higher learning with an established tradition of providing a comprehensive academic program in the liberal arts and professional studies. Hood provides its students with the opportunity to pursue thirty-four major fields of study towards bachelor of arts and bachelor of science degrees, 18 master's degrees, 2 doctoral programs, and 10 post-baccalaureate certificate programs and certification programs in education. In fall 2017, total enrollment was 2,112 students comprised of 1,128 undergraduate and 984 students seeking master's degrees and certifications.
Form 990s for Hood College
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-06 | May 14, 2019 | 990 | View PDF |
| 2017-06 | May 14, 2018 | 990 | View PDF |
| 2016-06 | Nov 6, 2017 | 990 | View PDF |
| 2015-06 | Jul 25, 2016 | 990 | View PDF |
| 2014-06 | May 26, 2015 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Hood College
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $2,540,359 | $3,373,053 | -24.7% |
| Normal grants, contributions, etc. | $8,017,997 | $5,802,999 | 38.2% |
| <em>Non-cash contributions included in above</em> | $1,262,094 | $248,242 | 408.4% |
| Total grants, contributions, etc. | $10,558,356 | $9,176,052 | 15.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $10,558,356 | $9,176,052 | 15.1% |
| Program services | $54,025,030 | $53,399,733 | 1.2% |
| Investment income and dividends | $1,282,454 | $1,188,649 | 7.9% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $1,865,593 | $341,428 | 446.4% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $67,731,433 | $64,105,862 | 5.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $22,668,620 | $22,246,989 | 1.9% |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $1,162,441 | $955,122 | 21.7% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $16,227,028 | $16,580,372 | -2.1% |
| Pension/retirement accruals and contributions | $627,866 | $633,432 | -0.9% |
| Other employee benefits | $2,195,331 | $2,555,168 | -14.1% |
| Payroll taxes | $1,242,214 | $1,244,544 | -0.2% |
| Management fees | $0 | $0 | |
| Legal fees | $51,842 | $33,013 | 57.0% |
| Accounting fees | $84,300 | $103,630 | -18.7% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $280,040 | $211,979 | 32.1% |
| Other fee-for-service | $6,820,081 | $6,697,098 | 1.8% |
| Advertising and promotion | $245,877 | $200,491 | 22.6% |
| Office expenses | $735,085 | $734,770 | 0.0% |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $0 | $0 | |
| Travel | $1,693,904 | $1,639,949 | 3.3% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $712,963 | $645,271 | 10.5% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $4,284,451 | $4,286,674 | -0.1% |
| Insurance | $334,267 | $352,195 | -5.1% |
| All other expenses | $3,594,147 | $3,967,583 | -9.4% |
| Total expenses | $62,960,457 | $63,088,280 | -0.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $1,056,380 | $347,501 | 204.0% |
| Savings, short-term investments, etc. | $76,683 | $62,961 | 21.8% |
| Pledges and grants receivable | $1,547,886 | $888,114 | 74.3% |
| Accounts receivable | $3,094,930 | $4,719,708 | -34.4% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $129,574 | $90,443 | 43.3% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $322,393 | $241,991 | 33.2% |
| Buildings, equipment, etc. post-depreciation | $64,889,617 | $67,595,579 | -4.0% |
| Investments, publicly traded securities | $46,718,991 | $44,604,161 | 4.7% |
| Investments, other securities | $46,401,975 | $39,758,404 | 16.7% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $10,701,946 | $10,743,480 | -0.4% |
| Total assets | $174,940,375 | $169,052,342 | 3.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $3,880,239 | $3,994,617 | -2.9% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $412,231 | $755,941 | -45.5% |
| Tax-exempt bond liabilities | $15,800,000 | $15,800,000 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $4,219,539 | $5,215,507 | -19.1% |
| Unsecured notes and loans payable to unrelated third parties | $0 | $900,000 | -100% |
| Other liabilities | $6,362,619 | $7,438,597 | -14.5% |
| Total liabilities | $30,674,628 | $34,104,662 | -10.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $43,719,493 | $42,631,017 | 2.6% |
| Temporarily restricted net assets | $27,824,432 | $26,150,059 | 6.4% |
| Permanently restricted net assets | $72,721,822 | $66,166,604 | 9.9% |
Vendors for Hood College
| Vendor | Services | Amount paid | Date |
|---|
| Drupal | Content management system software | | 2020-06-26 |
| ██████████ | CRM software | | 2020-06-26 |
| █████████ | Marketing software | | 2020-06-26 |
| █████ ████████ ███ | Audit accounting | | 2019-12-11 |
| ██████ ██████ ███████ ███ | Tax accounting | | 2019-05-08 |
| █████████ ████████ | Software | | 2018-10-12 |
| █████ ███████ ██████ ███ ███████ ███ | Audit accounting | | 2018-06-30 |
| ████ | Insurance; Investment management | | 2018-06-30 |
| ...and nine more vendors |
Personnel at Hood College
| Name | Title | Compensation | Most recent data |
|---|
| Andrea E. Chapdelaine | President | - | Jan. 17, 2019 |
| Cynthia Newby '67 | Founder | - | Sept. 25, 2020 |
| ███████ █ ████ | Vice President for Finance and Treasurer | $179,191 | May 8, 2019 |
| █████ ██ █████████ | First Vice President - Investment Officer | - | Sept. 25, 2020 |
| █████ ███████ | Vice President Institutional Advancement | $142,903 | June 30, 2018 |
| ███████ █ █████ | Vice President of Enrollment Management | $153,979 | June 30, 2018 |
| █████ █████ | Vice President, the Maricopa Partnerships, LLP | - | July 12, 2019 |
| ██████ █████ | Vice President and Dean of Students | $128,406 | June 30, 2018 |
| ███████ ██████ | Vice President of Academic Affairs and Provost | $170,989 | June 30, 2018 |
| ██████ ████ | Executive Director , Marketing and Communications | $110,218 | June 30, 2018 |
| ...and four more key personnel |
Peer universities
| | Name | Type | Revenue | Location |
|---|
| 1 | Washington Adventist University (WAU) | 501(c)(3) | $44 million | Takoma Park, MD |
| 2 | Goucher College | 501(c)(3) | $111 million | Baltimore, MD |
| 3 | Maryland Institute College of Art (MICA) | 501(c)(3) | $129 million | Baltimore, MD |
| 4 | McDaniel College | 501(c)(3) | $106 million | Westminster, MD |
| 5 | Notre Dame of Maryland University (NDMU) | 501(c)(3) | $56 million | Baltimore, MD |
| 6 | EDP University of Puerto Rico | 501(c)(3) | $28 million | San Juan, PR |
| 7 | Warner University | 501(c)(3) | $24 million | Lake Wales, FL |
| 8 | Nazareth College of Rochester | 501(c)(3) | $122 million | Rochester, NY |
| 9 | Hamline University | 501(c)(3) | $128 million | St Paul, MN |
| 10 | Pacific Oaks College | 501(c)(3) | $24 million | Pasadena, CA |
| 11 | University of Scranton | 501(c)(3) | $251 million | Scranton, PA |
| 12 | Inter American University of Puerto Rico (IAUPR) | 501(c)(3) | $277 million | San Juan, PR |
| 13 | Marywood University | 501(c)(3) | $104 million | Scranton, PA |
| 14 | Gwynedd Mercy University | 501(c)(3) | $82 million | Gwynedd Valley, PA |
| 15 | Chaminade University of Honolulu | 501(c)(3) | $65 million | Honolulu, HI |
| 16 | William Penn University | 501(c)(3) | $37 million | Oskaloosa, IA |
| 17 | University of Findlay (UF) | 501(c)(3) | $146 million | Findlay, OH |
| 18 | St Francis College (SFC) | 501(c)(3) | $71 million | Brooklyn, NY |
| 19 | St Catherine University | 501(c)(3) | $147 million | St Paul, MN |
| 20 | Greensboro College | 501(c)(3) | $29 million | Greensboro, NC |
| 21 | Harrisburg University of Science and Technology | 501(c)(3) | $67 million | Harrisburg, PA |
| 22 | Manhattan College | 501(c)(3) | $231 million | Riverdale, NY |
| 23 | Marietta College | 501(c)(3) | $65 million | Marietta, OH |
| 24 | Bryan College | 501(c)(3) | $27 million | Dayton, TN |
| 25 | Oklahoma Baptist University | 501(c)(3) | $78 million | Shawnee, OK |