Eckerd College FY2020 filing

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The mission of Eckerd College is to provide excellent innovative undergraduate liberal arts education and lifelong learning programs in the unique florida environment, within the context of a covenant relationship with the presbyterian church (u.s.a.).

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$2.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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 6
filings with a surplus
Average surplus $5.6M a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.7M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $57.5M in investments, Pt X · Ln 11–13
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $44K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$56.2M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 27 voting members
Looks good: 25 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127.9M
Spent
$124.2M
To programs
83%
Net assets
$170.2M
By yearFY2020–FY2025
Revenue
$127.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$127.9M
FY2021$134.8M
FY2022$125.3M
FY2023$143.9M
FY2024$158.9M
FY2025$150.1M
Expenses
$124.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$124.2M
FY2021$116.1M
FY2022$137.4M
FY2023$141.1M
FY2024$143.3M
FY2025$145.2M
Net assets
$170.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$170.2M
FY2021$189.0M
FY2022$177.1M
FY2023$179.9M
FY2024$195.5M
FY2025$200.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1959.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $103.5M Management & general 15% · $18.3M Fundraising 2% · $2.4M

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

37 people listed on the 990; $2.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$1,170,657Pt VII · Sec A
Treasurer/VP Business & Financ
$191,328Pt VII · Sec A
VP of Academics
$187,512Pt VII · Sec A
VP of Advancement
$178,515Pt VII · Sec A
Professor of Mathematics
$177,325Pt VII · Sec A
VP & Dean of Student Life
$171,345Pt VII · Sec A
Dean of Admissions
$168,008Pt VII · Sec A
VP and Secretary of College
$163,912Pt VII · Sec A

James Annarelli’s $400K as President is at the 27th percentile of top reported officer pay among 674 $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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Donald R Eastman III————$501,556$1,170,657
Damian J Fernandez——$966,071———
Damian Fernandez—$698,964————
Dr Damian J Fernandez———$570,466$292,944—
James Annarelli$399,644$399,692————
Matthew S Bisset——$195,319$225,586$319,533$178,515
James J Annarelli——$270,523$213,523$174,378$171,345
Christopher P Brennan——$204,369$236,285$214,057$191,328

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.

See Eckerd College executive salaries →

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

Offers undergraduate liberal arts education and lifelong programs connected to the Presbyterian Church.

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3 programs · $98.7M · in their own filed words · FY2019
01

Instruction and Scholarships to/for Students

Includes traditional students as well as returning adult students over the age of 23. Students come from 45 states and 35 countries. Students can choose from 41 majors in the residential program or design their own interdisciplinary concentrations.

$71.3Mprogram expense
02

Student Services

Provide services to students apart from instruction such as admissions, financial aid, student activities, athletics and more. Approximately 97% of eckerd college beginning undergraduate students receive financial assistance as a result of the efforts of the financial aid office.

$13.8Mprogram expense
03

Auxiliary Services

Housing, food service and others. With 98% of students living in the residence halls, eckerd college offers residence halls that range from traditional rooms with a shared common area to apartment style suites. Food services are provided by a third party management company that operates several locations across eckerd's main campus.

$13.6Mprogram 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
See all 5 funders →
Grants paid · 43 grants · $284.0M · 2019–2024
Unitemized GrantFY2024$38,728,522
Unitemized GrantFY2024$4,293,225
Unitemized GrantFY2024$3,326,584
Unitemized GrantFY2024$2,370,500
Unitemized GrantFY2024$197,800
Unitemized GrantFY2024$186,325
Unitemized GrantFY2024$111,972
Unitemized GrantFY2024$70,621
Unitemized GrantFY2023$39,916,867
Unitemized GrantFY2023$3,630,420
Unitemized GrantFY2023$2,860,133
Unitemized GrantFY2023$2,525,563
Unitemized GrantFY2023$217,408
Unitemized GrantFY2023$124,750
Unitemized GrantFY2023$22,450
Unitemized GrantFY2022$40,019,145
Unitemized GrantFY2022$3,315,255
Unitemized GrantFY2022$2,558,513
See all 43 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $17.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$12.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.9M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$264K
GeosciencesNational Science Foundation · ALN 47.050 · Direct$220K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$198K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $16.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$12.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.2M
Fund for the Improvement of Postsecondary EducationDepartment of Education · ALN 84.116Z · Direct$728K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$305K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$217K

Plus 7 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $15.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$12.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.1M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$269K
Gulf of Mexico ProgramEnvironmental Protection Agency · ALN 66.475 · Direct$260K
GeosciencesNational Science Foundation · ALN 47.050 · Direct$239K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $18.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$13.4M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$2.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.0M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$270K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$201K

Plus 8 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$127.9M
Ln 12
Fees for servicesLn 2g$113.2M
Gifts and grantsLn 1h$10.7M
Investment incomeLn 3$3.2M
Money outPt IX
$124.2M
Ln 25
Programscol B$103.5M
Managementcol C$18.3M
Fundraisingcol D$2.4M
Owns and owesPt X
$170.2M
net assets · Ln 32
Cash and savingsLn 1–2$44.5M
Total assetsLn 16$226.5M
LiabilitiesLn 26$56.2M
PeoplePt VI, VII
37
listed · VII A
PaidVII A10
Voting boardVI 1a27
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.7M
Government grantsLn 1e$3.0M
Noncash giftsLn 1g$3.3M
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$113.2M
Investment incomeLn 3$3.2M
Other incomeLn 4–11$877K
Gains on assetsLn 7$188K
Total revenueLn 12$127.9M
Assets in detailPt X, end of year
CashLn 1$42.1M
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$44.5M
InvestmentsLn 11–13$57.5M
Land, buildings, equipmentLn 10c$117.9M
Other assetsLn 15$163K
Total assetsLn 16$226.5M
LiabilitiesLn 26$56.2M
Net assetsLn 32$170.2M
OperationsPt I, VI
EmployeesI 51,478
VolunteersI 6225
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$45.5M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$48.7M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$3.3M
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$62.4M$60.6M$58.3M$55.7M$51.3M
Given inLn 1b$4.6M$2.7M$1.0M$565K$857K
SpentLn 1d–1f$3.0M$2.8M$2.6M$2.7M$2.7M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$40.6M$44.5M
InvestmentsLn 11–13$57.1M$57.5M
Land, buildings, equipmentLn 10c$120.0M$117.9M
Total assetsLn 16$225.7M$226.5M
LiabilitiesLn 26$56.4M$56.2M
Net assetsLn 32$169.3M$170.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Grants to domestic individualsLn 2$44.7M$44.7M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.5M$1.2M$325K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$26.7M$23.2M$2.7M$758K
Pension plan contributionsLn 8$2.2M$1.5M$460K$186K
Other employee benefitsLn 9$4.6M$3.0M$1.3M$361K
Payroll taxesLn 10$2.6M$1.8M$530K$202K
Management feesLn 11a$0
Legal feesLn 11b$269K$269K
Accounting feesLn 11c$289K$289K
Lobbying feesLn 11d$39K$39K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$98K$98K
Other fees for servicesLn 11g$996K$806K$189K$0
Advertising and promotionLn 12$203K$153K$49K$729
Office expensesLn 13$2.1M$1.4M$574K$81K
Information technologyLn 14$2.2M$804K$1.4M$26K
RoyaltiesLn 15$578K$578K
OccupancyLn 16$4.3M$2.8M$1.4M$14K
TravelLn 17$3.4M$2.8M$265K$265K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$854K$772K$69K$13K
InterestLn 20$1.6M$1.6M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8.4M$8.4M
InsuranceLn 23$498K$39K$458K$0
Other expenses (24a–d)Ln 24$16.2M$9.0M$7.1M$201K
Total functional expensesLn 25$124.2M$103.5M$18.3M$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 8, 2026 $150.1M$145.2M$4.9M$200.5M 990 PDF
FY2024Filed with the IRS May 12, 2025 $158.9M$143.3M$15.6M$195.5M 990 PDF
FY2023Filed with the IRS May 15, 2024 $143.9M$141.1M$2.7M$179.9M 990 PDF
FY2022 $125.3M$137.4M−$12.0M$177.1M 990 PDF
FY2021Filed with the IRS May 11, 2022 $134.8M$116.1M$18.7M$189.0M 990 PDF
FY2020 ViewingFiled with the IRS May 14, 2021 $127.9M$124.2M$3.6M$170.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $127,879,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,377,363$10,680,268
I-9 Program service revenuePrior year $115,553,982$113,170,763
I-10 Investment incomePrior year $3,419,809$3,151,510
I-11 Other revenuePrior year $905,059$877,180
I-12 Total revenuePrior year $128,256,213$127,879,721
I-13 Grants and similar amounts paidPrior year $42,272,431$44,775,717
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $36,958,779$37,517,607
I-16a Professional fundraising feesPrior year $5,000$0
I-17 Other expensesPrior year $42,641,404$41,950,457
I-18 Total expensesPrior year $121,877,614$124,243,781
I-19 Revenue less expensesPrior year $6,378,599$3,635,940
Part VI · Governance 25 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members25
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 $127,879,721 across 13 lines filed
Lines not itemized here account for $327,614 of total revenue; see the IRS return.
VIII-1c Fundraising events$3,900
VIII-1e Government grants$3,027,648
VIII-1f All other contributions, gifts and grants$7,648,720
VIII-1g Noncash contributions (included above)$3,283,902
VIII-1h Total contributions, gifts and grants$10,680,268
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,024,597 · Unrelated business $146,166$113,170,763
VIII-3 Investment incomeExcluded from tax $2,963,874$2,963,874
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $170,868$170,868
VIII-7 Net gain or loss on sales of assetsExcluded from tax $187,636$187,636
VIII-8 Net income from fundraising eventsExcluded from tax −$323−$323
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $379,021$379,021
VIII-12 Total revenueRelated to mission $113,686,111 · Unrelated business $146,166 · Excluded from tax $3,367,176$127,879,721
Part IX · Statement of functional expenses $124,243,781 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $39,951$39,951
IX-2 Grants to domestic individualsPrograms $44,735,766$44,735,766
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $1,177,284 · Fundraising $324,694$1,501,978
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $23,164,655 · Management $2,738,536 · Fundraising $757,547$26,660,738
IX-8 Pension plan contributionsPrograms $1,512,832 · Management $459,752 · Fundraising $186,458$2,159,042
IX-9 Other employee benefitsPrograms $2,961,842 · Management $1,300,998 · Fundraising $360,894$4,623,734
IX-10 Payroll taxesPrograms $1,839,748 · Management $529,998 · Fundraising $202,369$2,572,115
IX-11a Management fees$0
IX-11b Legal feesManagement $269,379$269,379
IX-11c Accounting feesManagement $288,522$288,522
IX-11d Lobbying feesPrograms $38,569$38,569
IX-11f Investment management feesManagement $98,240$98,240
IX-11g Other fees for servicesPrograms $806,434 · Management $189,411 · Fundraising $0$995,845
IX-12 Advertising and promotionPrograms $153,499 · Management $48,529 · Fundraising $729$202,757
IX-13 Office expensesPrograms $1,427,756 · Management $574,500 · Fundraising $80,629$2,082,885
IX-14 Information technologyPrograms $803,535 · Management $1,358,898 · Fundraising $26,268$2,188,701
IX-15 RoyaltiesPrograms $577,913$577,913
IX-16 OccupancyPrograms $2,837,327 · Management $1,404,842 · Fundraising $13,875$4,256,044
IX-17 TravelPrograms $2,824,946 · Management $264,959 · Fundraising $265,343$3,355,248
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $772,369 · Management $69,196 · Fundraising $12,651$854,216
IX-20 InterestPrograms $1,609,232$1,609,232
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,409,307$8,409,307
IX-23 InsurancePrograms $39,496 · Management $458,080 · Fundraising $0$497,576
IX-24 Other expenses (24a–d)Programs $8,955,717 · Management $7,069,132 · Fundraising $201,174$16,226,023
IX-25 Total functional expensesPrograms $103,510,894 · Management $18,300,256 · Fundraising $2,432,631$124,243,781
Part X · Balance sheet $226,479,498 assets, 24 lines filed
Asset lines not itemized here account for $135,644; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $38,126,722$42,097,890
X-2 Savings and temporary cash investmentsStart of year $2,516,554$2,439,371
X-3 Pledges and grants receivableStart of year $4,085,865$3,907,688
X-4 Accounts receivableStart of year $1,229,420$836,073
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,003,178$1,459,085
X-10c Land, buildings and equipment, netStart of year $120,046,671$117,890,488
X-11 Publicly traded securitiesStart of year $39,930,163$40,032,675
X-12 Other securitiesStart of year $17,188,278$17,517,164
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $194,511$163,420
X-16 Total assetsStart of year $225,738,772$226,479,498
X-17 Accounts payable and accrued expensesStart of year $5,123,627$5,402,982
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,883,616$4,007,507
X-20 Tax-exempt bond liabilitiesStart of year $46,646,747$45,506,453
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $359,653$359,653
X-26 Total liabilitiesStart of year $56,447,260$56,232,709
X-27 Net assets without donor restrictionsStart of year $121,971,882$120,255,997
X-28 Net assets with donor restrictionsStart of year $47,319,630$49,990,792
X-32 Total net assets or fund balancesStart of year $169,291,512$170,246,789
X-33 Total liabilities and net assetsStart of year $225,738,772$226,479,498
Part XI · Reconciliation of net assets $170,246,789 net assets at year end
XI-1 Total revenue$127,879,721
XI-2 Total expenses$124,243,781
XI-3 Revenue less expenses$3,635,940
XI-4 Net assets at start of year$169,291,512
XI-5 Net unrealized gains (losses) on investments−$2,680,663
XI-10 Net assets at end of year$170,246,789

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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