Georgetown College
Nonprofit profile at a glance
- EIN
- 610444695
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Georgetown, KY, US
- Phone
- 502-863-8000
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $65,479,950
- Expenses
- $64,940,449
- Assets
- $78,781,037
- Liabilities
- $7,626,609
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- ROSEMARY ALLEN (PRESIDENT)
Highest reported compensation
- ROSEMARY ALLEN (PRESIDENT): $208,209 total reported compensation
- RUSH SHERMAN (CFO/TREASURER): $158,518 total reported compensation
- BETHANY LANGDON (VP FOR ADVANCEMENT & COMMU): $156,508 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Georgetown College is a private liberal arts college affiliated with the Kentucky Baptist Convention, dedicated to educating students in a Christian environment.
What it reported doing in 2024
Operation of a higher educational institution providing education, housing, and food services to students and faculty. The college educated 1,175 undergraduate and 270 graduate students for the year ended june 30, 2025.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 72% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 80
- Accountability: 98
- Sustainability: 47
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.3%; rating input score 85
- Program expense ratio: 83.3%; rating input score 83
- Fundraising efficiency: $8.45 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.6%; rating input score 97; 51st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.8%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 1.21; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 5th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 85.3% of revenue deployed · 83.3% of spending went to programs
- Governance: 28 of 29 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $54.1M in reported program spending
- Leadership: top reported pay $208K · 42 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.1M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.