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Nonprofit · EIN 56-0532297

BREVARD COLLEGE CORPORATION

Tax-exempt · BREVARD, NC 28712

Financials

$34.9M$34.1M2022$37.9M$36.8M2023$41.6M$39.1M2024
Revenue Expenses · by fiscal year end
Financials of BREVARD COLLEGE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$41,569,910$39,110,182$2,459,728$90,481,812$22,361,107$68,120,705
May 31, 2024990$37,943,819$36,773,287$1,170,532$86,950,587$22,363,164$64,587,423
May 31, 2023990$34,931,347$34,079,741$851,606$83,131,104$23,002,772$60,128,332
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$3,790,736
of which government grants
$296,396
Program service revenue
$35,851,134
Investment income
$1,925,107
Net gain from sales of assets
$740,599
Net income from fundraising events
$2,933
Other revenue
$2,933

Expenses

Grants and similar amounts paid
$13,721,794
Compensation of officers, directors and key employees
$546,529
Other salaries and wages
$11,131,958
Salaries, compensation and benefits (total)
$14,108,367
Professional fundraising fees
$0
Legal fees
$53,761
Accounting fees
$161,731
Occupancy
$2,208,275
Travel
$807,438
Depreciation
$2,234,325
Program services (functional)
$31,696,339
Management and general (functional)
$7,018,542
Fundraising (functional)
$395,301

Balance sheet and other

Total assets, start of year
$86,950,587
Total assets, end of year
$90,481,812
Total liabilities, end of year
$22,361,107
Net assets, end of year
$68,120,705
Land, buildings and equipment
$39,737,457
Publicly traded securities
$28,811,685
Net assets without donor restrictions
$24,146,458
Net assets with donor restrictions
$43,974,247
Gross unrelated business income
$40,795
Gross receipts
$49,430,405
Employees
837
Volunteers
450
Year formed
1934
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRADLEY ANDREWSPRESIDENT
Officer
40$286,188$29,083
JUAN MASCAROCFO
Officer
40$198,308$13,387
PATRICK WAGNERVP FOR ALUMNI AFFAIRS & DEVELOPMENT
Highest-paid employee
40$170,691$20,160
R CHAD HOLTVP ADMISSIONS & FINANCIAL AID
Highest-paid employee
40$121,856$17,562
MITCHELL RADFORDVP FINANCE
Highest-paid employee
40$121,059$16,167
JENNIFER FRICK-RUPPERTVP FOR ACADEMIC AFFAIRS
Highest-paid employee
40$120,862$15,919
MICHAEL LEAMYASSOC. VP AA ONLINE LEARNING
Highest-paid employee
40$128,031$5,659
W HEATHLEY HEATH WELDONCHAIR
Trustee or director, Officer
1$0$0
J PHILLIP JEROMEVICE-CHAIR
Trustee or director, Officer
1$0$0
W BRADLEY LAKESONSECRETARY
Trustee or director, Officer
1$0$0
DR BETSY O BAREFOOTDIRECTOR
Trustee or director
1$0$0
DR B BARBARA BOERNERDIRECTOR
Trustee or director
1$0$0
DR JOHN S BOGGSDIRECTOR
Trustee or director
1$0$0
ISAAC BRADLEYDIRECTOR
Trustee or director
1$0$0
LT GEN RONALD L BURGESS JRDIRECTOR
Trustee or director
1$0$0
17 more people on this return
NameTitleHours / weekCompensation
BRIAN DAVISONDIRECTOR
Trustee or director
1$0
JOE DEPIPPODIRECTOR
Trustee or director
1$0
CALVIN HARRELSON IIIDIRECTOR
Trustee or director
1$0
REGINALD REG D HEINITSH JRDIRECTOR
Trustee or director
1$0
ROGER HERBERTDIRECTOR
Trustee or director
1$0
BARBARA A HULSEYDIRECTOR
Trustee or director
1$0
DR MARK LEMELDIRECTOR
Trustee or director
1$0
BARBARA M NESBITTDIRECTOR
Trustee or director
1$0
LEIGH ANNE MONAGHANDIRECTOR
Trustee or director
1$0
ALFRED AL F PLATT JRDIRECTOR
Trustee or director
1$0
FRANK STOKESDIRECTOR
Trustee or director
1$0
JERRY STONEDIRECTOR
Trustee or director
1$0
ELIZABETH BETTY O TAYLORDIRECTOR
Trustee or director
1$0
DONA D VAUGHNDIRECTOR
Trustee or director
1$0
W GIL WESTDIRECTOR
Trustee or director
1$0
ART FISHERDIRECTOR (THRU 10/24)
Trustee or director
1$0
A EDWIN JONESDIRECTOR (THRU 10/24)
Trustee or director
1$0
990 for the year ended May 31, 2024: 31 people
NameTitleHours / weekCompensationOther / benefits
BRADLEY ANDREWSPRESIDENT
Officer
40$188,194$18,885
PATRICK WAGNERVP FOR ALUMNI AFFAIRS & DEV
Highest-paid employee
40$161,848$13,546
JUAN MASCAROVP FOR FINANCE AND OPERATIONS
Highest-paid employee
40$162,553$11,260
R CHAD HOLTVP ADMISSIONS & FINANCIAL
Highest-paid employee
40$116,381$12,547
JENNIFER FRICK-RUPPERTVP FOR ACADEMIC AFFAIRS
Highest-paid employee
40$110,535$15,348
DAVID JOYCEFORMER PRESIDENT
Former
40$115,553$219
DEBORA D'ANNAVP STUDENT SUCCESS & SERVICES
Highest-paid employee
40$109,725$2,186
W HEATHLEY WELDONCHAIR
Trustee or director, Officer
1$0$0
J PHILLIP JEROMEVICE-CHAIR
Trustee or director, Officer
1$0$0
W BRADLEY LAKESON JRSECRETARY
Trustee or director, Officer
1$0$0
DR BETSY O BAREFOOTDIRECTOR
Trustee or director
1$0$0
DR B BARBARA BOERNERDIRECTOR
Trustee or director
1$0$0
DR JOHN S BOGGSDIRECTOR
Trustee or director
1$0$0
ISAAC BRADLEYDIRECTOR
Trustee or director
1$0$0
LT GENERAL RONALD L BURGESS JRDIRECTOR
Trustee or director
1$0$0
JOE DEPIPPODIRECTOR
Trustee or director
1$0$0
ART FISHERDIRECTOR
Trustee or director
1$0$0
CALVIN HARRELSON IIIDIRECTOR
Trustee or director
1$0$0
REGINALD D HEINITSH JRDIRECTOR
Trustee or director
1$0$0
BARBARA A HULSEYDIRECTOR
Trustee or director
1$0$0
A EDWIN JONESDIRECTOR
Trustee or director
1$0$0
DR MARK LEMELDIRECTOR
Trustee or director
1$0$0
BARBARA M NESBITTDIRECTOR
Trustee or director
1$0$0
LEIGH ANN PICKUPDIRECTOR
Trustee or director
1$0$0
ALFRED F PLATT JRDIRECTOR
Trustee or director
1$0$0
FRANK STOKESDIRECTOR
Trustee or director
1$0$0
JERRY STONEDIRECTOR
Trustee or director
1$0$0
ELIZABETH O TAYLORDIRECTOR
Trustee or director
1$0$0
DONA D VAUGHNDIRECTOR
Trustee or director
1$0$0
W GIL WESTDIRECTOR
Trustee or director
1$0$0
ROGER HERBERTDIRECTOR
Trustee or director
1$0$0
990 for the year ended May 31, 2023: 30 people
NameTitleHours / weekCompensationOther / benefits
BRADLEY ANDREWSPRESIDENT (BEGINNING JAN 1, 2022)
Officer
40$236,542$35,931
JUAN MASCAROVP FOR FINANCE AND OPERATIONS/CFO
Highest-paid employee
40$147,693$30,624
PATRICK WAGNERVP FOR ALUMNI AFFAIRS & DEVELOPMENT
Highest-paid employee
40$106,062$33,006
R CHAD HOLTVP ADMISSIONS & FINANCIAL AID
Highest-paid employee
40$106,250$25,416
DEBORA D'ANNAVP STUDENT SUCCESS & SERVICES
Highest-paid employee
40$103,834$14,194
DAVID JOYCEFORMER PRESIDENT (ENDING DEC 31, 2021)
Former
40$115,553$452
W HEATHLEY WELDONCHAIR
Trustee or director, Officer
1$0$0
J PHILLIP JEROMEVICE-CHAIR
Trustee or director, Officer
1$0$0
W BRADLEY LAKESON JRSECRETARY
Trustee or director, Officer
1$0$0
DR BETSY O BAREFOOTDIRECTOR
Trustee or director
1$0$0
DR B BARBARA BOERNERDIRECTOR
Trustee or director
1$0$0
DR JOHN S BOGGSDIRECTOR
Trustee or director
1$0$0
ISAAC BRADLEYDIRECTOR
Trustee or director
1$0$0
LT GENERAL RONALD L BURGESS JRDIRECTOR
Trustee or director
1$0$0
JOE DEPIPPODIRECTOR
Trustee or director
1$0$0
ART FISHERDIRECTOR
Trustee or director
1$0$0
CALVIN HARRELSON IIIDIRECTOR
Trustee or director
1$0$0
REGINALD D HEINITSH JRDIRECTOR
Trustee or director
1$0$0
BARBARA A HULSEYDIRECTOR
Trustee or director
1$0$0
A EDWIN JONESDIRECTOR
Trustee or director
1$0$0
DR MARK LEMELDIRECTOR
Trustee or director
1$0$0
BARBARA M NESBITTDIRECTOR
Trustee or director
1$0$0
LEIGH ANN PICKUPDIRECTOR
Trustee or director
1$0$0
ALFRED F PLATT JRDIRECTOR
Trustee or director
1$0$0
FRANK STOKESDIRECTOR
Trustee or director
1$0$0
JERRY STONEDIRECTOR
Trustee or director
1$0$0
ELIZABETH O TAYLORDIRECTOR
Trustee or director
1$0$0
DONA D VAUGHNDIRECTOR
Trustee or director
1$0$0
W GIL WESTDIRECTOR
Trustee or director
1$0$0
MICHAEL WHITEHEADDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1 BREVARD COLLEGE DR, BREVARD, NC 28712-4283
Principal officer (990 for 2024)
DR BRADLEY J ANDREWS, ONE BREVARD COLLEGE DRIVE, BREVARD, NC 287123306
Signed the 990
DR BRADLEY J ANDREWS, PRESIDENT
Phone
(828) 884-8219
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

BREVARD COLLEGE IS COMMITTED TO AN EXPERIENTIAL LIBERAL ARTS EDUCATION THAT ENCOURAGES PERSONAL GROWTH AND INSPIRES ARTISTIC, INTELLECTUAL, AND SOCIAL ACTION.

990 for the year ended May 31, 2025

Program accomplishments

  • BREVARD COLLEGE IS A BACCALAUREATE-AWARDING INSTITUTION COMMITTED TO A RESIDENTIAL LIBERAL ARTS EDUCATION THAT ENCOURAGES PERSONAL GROWTH AND INSPIRES ARTISTIC, INTELLECTUAL AND SOCIAL ACTION. BREVARD IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS-COMMISSION ON COLLEGES; THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC; AND THE TEACHER EDUCATION ACCREDITING COUNCIL. DURING FISCAL YEAR 2025, INSTRUCTION WAS PROVIDED TO 875 STUDENTS. 804 STUDENTS WERE U.S. CITIZENS WITH 409 RESIDING IN HOUSEHOLDS FROM NC. THE STUDENT BODY REPRESENTS STUDENTS FROM 36 U.S. STATES AND 19 FOREIGN COUNTRIES. BREVARD COLLEGE HAS BEEN NAMED ONE OF THE BEST VALUE SCHOOLS IN NC AND HAS ALSO BEEN LISTED BY U.S. NEWS & WORLD REPORT AS ONE OF THE BEST REGIONAL COLLEGES IN THE SOUTH.
    Expenses $26,613,375 · grants $13,721,794 · revenue $25,565,068
  • A BREVARD COLLEGE EDUCATION EXTENDS FAR BEYOND THE WALLS OF A CLASSROOM. OF 875 STUDENTS, 711 PARTICIPATED IN THE COLLEGE'S RESIDENTIAL EDUCATIONAL EXPERIENCE. ALL OF THE FACILITIES ON THE BREVARD COLLEGE CAMPUS ARE JUST A SHORT WALK OR BIKE AWAY. THIS DESIGN ALLOWS STUDENTS TO FOCUS ON EDUCATION, GROWTH AND FUN WITHOUT THE HASSLE OF THE RUSHING FROM PLACE TO PLACE. THE RELAXED ATMOSPHERE OF COMFORTABLE LIVING AND DINING SPACES ARE COMPLEMENTED WITH THE STATE-OF-THE-ART EDUCATION FACILITIES INCLUDING A MODERN LIBRARY AND A WORLD-CLASS CONCERT HALL.
    Expenses $5,082,964 · revenue $10,286,066

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
56-0532297
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1952
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$90,481,812
Income (IRS master file)
$49,430,405

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$41,569,910$39,110,182$90,481,812XML
990-TMay 2025–––IRS
990May 2024$37,943,819$36,773,287$86,950,587XML
990-TMay 2024–––IRS
990May 2023$34,931,347$34,079,741$83,131,104XML
990-TMay 2023–––IRS
990May 2022$40,087,405$34,438,362$84,469,822IRS
990-TMay 2022–––IRS
990May 2021–––IRS
990-TMay 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0532297).

Questions about BREVARD COLLEGE CORPORATION

What is the EIN of BREVARD COLLEGE CORPORATION?
The employer identification number (EIN) of BREVARD COLLEGE CORPORATION is 56-0532297.
Is BREVARD COLLEGE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
Are donations to BREVARD COLLEGE CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BREVARD COLLEGE CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BREVARD COLLEGE CORPORATION due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BREVARD COLLEGE CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of BREVARD COLLEGE CORPORATION?
The 990 for the year ended May 31, 2025 names DR BRADLEY J ANDREWS.
Who are the officers and directors of BREVARD COLLEGE CORPORATION?
The 990 for the year ended May 31, 2025 lists 32 people; 7 received compensation from the organization, the highest $286,188 (BRADLEY ANDREWS, PRESIDENT).
How much revenue does BREVARD COLLEGE CORPORATION have?
On its 990 for the year ended May 31, 2025 it reported revenue of $41,569,910, expenses of $39,110,182 and total assets of $90,481,812 at year end.

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