Eckerd College FY2022 filing

St Petersburg, FL · Higher education institution · Since 1962 · Colleges & Universities

✓ Tax-deductible Latest data FY2022
Revenue
$125.3M
▼ -7% vs prior year
Spent
$137.4M
To programs
85%
Net assets
$177.1M
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).

Figures match the IRS filing checked 7/6/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
5 funders, incl. Folds of Honor Foundation
$44K in the latest grant year.
Spent on programs?
85% to programs
Form 990 Part IX, latest filing.
Size and trend
$100M+
↓ -7% vs prior year
Legal name (IRS)Hdr · item CEckerd College
EINHdr · item D59-0859121
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1959
Year of formationHdr · item L1962
Latest filingForm 990FY2024 · Form 990-T
Principal addressHdr · item CSt Petersburg, FL
NTEE classificationIRS BMFColleges & Universities (B420)
WebsiteHdr · item Jwww.eckerd.edu

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program services85%$116.2M
Management & general14%$19.5M
Fundraising1%$1.6M
Total functional expensesLn 25$137.4M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$125.3M
FY2022▼ -7%
Expenses
$137.4M
FY2022▲ +18%

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Total assets
$233.1M
FY2022▼ -5%
Total liabilities
$56.0M
FY2022▼ -3%
Revenue less expensesPt I · Ln 19−$12.0M
Total assetsPt X · Ln 16$233.1M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 424

Balance Sheet

Part X · end of year
CashLn 1$21.6M
Total assetsLn 16$233.1M
Total liabilitiesLn 26$56.0M
Total net assetsLn 32$177.1M
Months of cash on handcomputed1.9

Statement of Revenue

Part VIII
Program service revenue$119.7M · 95%
Contributions & grants$12.6M · 10%
Program service revenue95%$119.7M
Contributions & grants10%$12.6M
— government grantsLn 1e$6.2M
Total revenueLn 12$125.3M

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$570,466Pt VII · Sec A
Treasurer/VP Business & Financ
$236,285Pt VII · Sec A
VP of Academics
$233,358Pt VII · Sec A
VP of Advancement
$225,586Pt VII · Sec A
VP of Enrollment Management
$215,845Pt VII · Sec A
VP & Dean of Student Life
$213,523Pt VII · Sec A
Secretary and VP of Marketing
$191,238Pt VII · Sec A
Dean, Division of Ece
$168,319Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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———$225,586$319,533$178,515
James J Annarelli——$270,523———
Christopher P Brennan———$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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

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

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $112.1M of program spending, described in the organization's own filed words · FY2021.
01

Instruction and Scholarships to/for Students

Students come from 48 states and 39 countries. Students can choose from 42 majors in the residential program or design their own interdisciplinary concentrations. All programs lead to a bachelor of arts, bachelor of fine arts or bachelor of science degree.

$77.7Mprogram expense
02

Auxiliary Services

Housing, food service and others. With 74 percent 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.

$17.7Mprogram expense
03

Student Services

Provide services to students apart from instruction such as admissions, financial aid, student activities, athletics and more. Approximately 96 of eckerd college beginning undergraduate students receive financial assistance as a result of the efforts of the financial aid office.

$16.8Mprogram expense

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Funders

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 →

Filing history

YearRevenueExpensesChangeFiling
FY2024 $158.9M$143.3M+10% 990 PDF
FY2023 $143.9M$141.1M+15% 990 PDF
FY2022 Viewing $125.3M$137.4M-7% 990 PDF
FY2021 $134.8M$116.1M+5% 990 PDF
FY2020 $127.9M$124.2M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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