Toccoa Falls College INC

Tax-deductible

Toccoa Falls, GA501(c)(3)Since 1911Colleges & UniversitiesEIN 58-0685908Revenue $31.1M in FY2025

On file with the IRStfc.edu107 Kincaid Dr Msc 750, 30598-9602 · Toccoa Falls, GATax-exempt since Aug 1943School — 170(b)(1)(A)(ii)

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Christian undergraduate and graduate education with residential & non-residential offerings.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 40 volunteers and 594 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.9M a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$555K
to officers and key staff · 2% of spending
Top officer’s pay higher than 61% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.1M
+9% vs prior year
Spent
$26.1M
To programs
88%
Net assets
$44.0M
By yearFY2021–FY2025
Revenue
$31.1M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$25.0M
FY2022$24.4M
FY2023$29.0M
FY2024$28.4M
FY2025$31.1M
Expenses
$26.1M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$21.7M
FY2022$21.7M
FY2023$24.5M
FY2024$24.2M
FY2025$26.1M
Net assets
$44.0M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$27.9M
FY2022$30.0M
FY2023$34.6M
FY2024$39.0M
FY2025$44.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1943.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $22.9M Management & general 11% · $3.0M Fundraising 1% · $275K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $555K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$281,098Pt VII · Sec A
VP for Finance
$150,308Pt VII · Sec A
VP of Academic Affairs
$123,163Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairwoman
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Myers’s $281K as President is at the 61st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Robert Myers$281,098$279,273$243,608$244,717$262,417
Dee Mooney$150,308$139,576$132,278$132,176$116,641
Kieran Clements$123,163$118,799$111,637$109,667$103,487
John Allen——$32,267$21,819$23,841

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides Christian education for students with on-campus and remote options.

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Provided by the organization

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1 program · $22.9M · in their own filed words · FY2024
01

Toccoa Falls College offers undergraduate programs in 30 majors and 49 minors to approximately 3,100 residential, commuter, and online students, as well as 5 graduate programs. The College provides the campus community with food services, residential housing, and a college gift shop.

$22.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$27K
Grants paid · 8 grants · $27.1M · 2020–2024
Unitemized GrantFY2024$5,587,412
Unitemized GrantFY2023$5,293,396
Unitemized GrantFY2022$5,256,852
Unitemized GrantFY2022$493,263
Unitemized GrantFY2021$4,779,246
Unitemized GrantFY2021$480,809
Unitemized GrantFY2020$4,755,040
Unitemized GrantFY2020$481,240

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$31.1M
Ln 12
Fees for servicesLn 2g$28.9M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$835K
Money outPt IX
$26.1M
Ln 25
Programscol B$22.9M
Managementcol C$3.0M
Fundraisingcol D$275K
Owns and owesPt X
$44.0M
net assets · Ln 32
Cash and savingsLn 1–2$17.7M
Total assetsLn 16$46.8M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$289K
Fees for servicesLn 2g$28.9M
Investment incomeLn 3$835K
Other incomeLn 4–11$58K
Gains on assetsLn 7$230K
Total revenueLn 12$31.1M
Assets in detailPt X, end of year
SavingsLn 2$17.7M
Cash and savings togetherLn 1–2$17.7M
InvestmentsLn 11–13$4.5M
Land, buildings, equipmentLn 10c$23.0M
Other assetsLn 15$133K
Total assetsLn 16$46.8M
LiabilitiesLn 26$2.8M
Net assetsLn 32$44.0M
OperationsPt I, VI
EmployeesI 5594
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$13.8M$17.7M
InvestmentsLn 11–13$6.7M$4.5M
Land, buildings, equipmentLn 10c$19.1M$23.0M
Total assetsLn 16$41.5M$46.8M
LiabilitiesLn 26$2.6M$2.8M
Net assetsLn 32$39.0M$44.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.6M$5.6M
Pay of current officers, directors and key staffLn 5$639K$157K$402K$80K
Other salaries and wagesLn 7$9.0M$8.2M$696K$85K
Pension plan contributionsLn 8$165K$151K$10K$4K
Other employee benefitsLn 9$1.3M$1.2M$96K$17K
Payroll taxesLn 10$676K$609K$61K$6K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$74K$74K
Professional fundraising feesLn 11e$18K$18K
Other fees for servicesLn 11g$435K$319K$115K$0
Advertising and promotionLn 12$264K$69K$189K$5K
Office expensesLn 13$768K$327K$412K$29K
Information technologyLn 14$356K$350K$6K
OccupancyLn 16$699K$677K$16K$7K
TravelLn 17$390K$308K$74K$8K
InterestLn 20$8K$7K$565
Depreciation, depletion and amortizationLn 22$1.1M$976K$80K$5K
InsuranceLn 23$148K$123K$24K$1K
Other expenses (24a–d)Ln 24$3.2M$3.1M$129K$4K
All other expensesLn 24e$1.4M$1.1M$243K$0
Total functional expensesLn 25$26.1M$22.9M$3.0M$275K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $31.1M$26.1M$4.9M$44.0M 990 PDF
FY2024 $28.4M$24.2M$4.2M$39.0M 990 PDF
FY2023 $29.0M$24.5M$4.5M$34.6M 990 PDF
FY2022 $24.4M$21.7M$2.7M$30.0M 990 PDF
FY2021 $25.0M$21.7M$3.4M$27.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $31,058,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,406,960$1,232,096
I-9 Program service revenuePrior year $26,139,395$28,934,466
I-10 Investment incomePrior year $642,101$834,531
I-11 Other revenuePrior year $198,269$57,778
I-12 Total revenuePrior year $28,386,725$31,058,871
I-13 Grants and similar amounts paidPrior year $5,293,396$5,587,412
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,757,900$11,744,184
I-16a Professional fundraising feesPrior year $17,666$18,171
I-17 Other expensesPrior year $8,117,361$8,790,552
I-18 Total expensesPrior year $24,186,323$26,140,319
I-19 Revenue less expensesPrior year $4,200,402$4,918,552
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $31,058,871 across 10 lines filed
VIII-1e Government grants$289,284
VIII-1f All other contributions, gifts and grants$942,812
VIII-1h Total contributions, gifts and grants$1,232,096
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,746,170 · Unrelated business $188,296$28,934,466
VIII-3 Investment incomeExcluded from tax $604,218$604,218
VIII-6 Net rental income or lossUnrelated business $23,691$23,691
VIII-7 Net gain or loss on sales of assetsExcluded from tax $230,313$230,313
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34,087$34,087
VIII-12 Total revenueRelated to mission $28,780,257 · Unrelated business $211,987 · Excluded from tax $834,531$31,058,871
Part IX · Statement of functional expenses $26,140,319 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $5,587,412$5,587,412
IX-5 Pay of current officers, directors and key staffPrograms $157,176 · Management $402,340 · Fundraising $79,550$639,066
IX-7 Other salaries and wagesPrograms $8,173,909 · Management $696,064 · Fundraising $84,940$8,954,913
IX-8 Pension plan contributionsPrograms $151,390 · Management $9,785 · Fundraising $4,247$165,422
IX-9 Other employee benefitsPrograms $1,195,774 · Management $96,145 · Fundraising $16,603$1,308,522
IX-10 Payroll taxesPrograms $608,635 · Management $61,128 · Fundraising $6,498$676,261
IX-11b Legal feesManagement $11,970$11,970
IX-11c Accounting feesManagement $73,726$73,726
IX-11e Professional fundraising feesFundraising $18,171$18,171
IX-11g Other fees for servicesPrograms $319,435 · Management $115,257 · Fundraising $0$434,692
IX-12 Advertising and promotionPrograms $69,122 · Management $189,212 · Fundraising $5,393$263,727
IX-13 Office expensesPrograms $326,609 · Management $412,415 · Fundraising $28,720$767,744
IX-14 Information technologyManagement $350,377 · Fundraising $5,666$356,043
IX-16 OccupancyPrograms $676,800 · Management $15,764 · Fundraising $6,931$699,495
IX-17 TravelPrograms $307,587 · Management $74,424 · Fundraising $8,000$390,011
IX-20 InterestPrograms $7,275 · Management $565$7,840
IX-22 Depreciation, depletion and amortizationPrograms $976,461 · Management $79,663 · Fundraising $4,940$1,061,064
IX-23 InsurancePrograms $122,995 · Management $23,962 · Fundraising $1,260$148,217
IX-24 Other expenses (24a–d)Programs $3,089,028 · Management $129,452 · Fundraising $4,246$3,222,726
IX-24e All other expensesPrograms $1,110,408 · Management $242,889 · Fundraising $0$1,353,297
IX-25 Total functional expensesPrograms $22,880,016 · Management $2,985,138 · Fundraising $275,165$26,140,319
Part X · Balance sheet $46,755,795 assets, 16 lines filed
Asset lines not itemized here account for $36,493; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $13,819,148$17,749,992
X-4 Accounts receivableStart of year $914,071$364,241
X-8 Inventories for sale or useStart of year $136,700$133,829
X-9 Prepaid expenses and deferred chargesStart of year $683,345$857,302
X-10c Land, buildings and equipment, netStart of year $19,106,275$22,978,839
X-11 Publicly traded securitiesStart of year $6,717,491$4,495,484
X-12 Other securitiesStart of year $6,969$6,549
X-15 Other assetsStart of year $127,142$133,066
X-16 Total assetsStart of year $41,549,319$46,755,795
X-17 Accounts payable and accrued expensesStart of year $1,000,681$1,047,383
X-25 Other liabilitiesStart of year $578,897$1,727,015
X-26 Total liabilitiesStart of year $2,574,356$2,774,398
X-27 Net assets without donor restrictionsStart of year $30,720,453$35,999,227
X-28 Net assets with donor restrictionsStart of year $8,254,510$7,982,170
X-32 Total net assets or fund balancesStart of year $38,974,963$43,981,397
X-33 Total liabilities and net assetsStart of year $41,549,319$46,755,795
Part XI · Reconciliation of net assets $43,981,397 net assets at year end
XI-1 Total revenue$31,058,871
XI-2 Total expenses$26,140,319
XI-3 Revenue less expenses$4,918,552
XI-4 Net assets at start of year$38,974,963
XI-5 Net unrealized gains (losses) on investments$87,882
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,981,397

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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