Bryant & Stratton Inc

Overview

Bryant & Stratton Inc is a nonprofit educational organization designated as a 501(c)(3) entity. It operates under the category of Educational Institutions and Related Activities, specifically as a Higher Education Institution.

History

Historically, Bryant & Stratton College, the educational arm of the organization, was established in 1854 as the Bryant & Stratton Business Institute. The college was initially part of the Bryant & Stratton Chain of Business Schools, which expanded across the United States, focusing on practical workplace education. Over the years, the college has evolved to offer a broader range of programs, including associate and bachelor's degrees in various fields like business, technology, and healthcare.

Conversion to Nonprofit Status

In 2020, Bryant & Stratton College began transitioning from a for-profit to a nonprofit institution. This conversion involved the college being donated to a nonprofit entity under the Prentice Family Foundation, which was established by Bryant H. Prentice III, a descendant of the college's founders. The transition aimed to enhance the college's financial sustainability and increase investments in student programs without entering into management or consulting agreements with the Prentice family.

Financials

As of recent financial filings, Bryant & Stratton Inc derives the majority of its revenue from program services, with contributions and other revenue sources making up a smaller portion. The organization's total assets are substantial, reflecting its position as a significant educational provider.

Scholarship Fund

Bryant & Stratton College also operates a Scholarship Fund, which supports student scholarships, academic programs, and the college's general funds. Contributions to this fund are tax-deductible, emphasizing the organization's commitment to making education accessible.

Operations

Bryant & Stratton College operates multiple campuses across several states, including New York, Ohio, Virginia, and Wisconsin, in addition to an online education division. The conversion to nonprofit status has not significantly impacted the college's daily operations or mission to provide career-focused education.

Accolades and Affiliations

The college is accredited by the Middle States Commission on Higher Education and approved by the New York State Board of Regents. It is also a member of the USCAA, with its athletic teams known as the Bobcats.

[1] https://projects.propublica.org/nonprofits/organizations/844813183 [2] https://www.insidehighered.com/news/2020/12/04/bryant-stratton-college-seeks-nonprofit-status [3] https://www.bryantstratton.edu/scholarshipfund/ [4] https://en.wikipedia.org/wiki/Bryant_&_Stratton_College [5] https://www.bryantstratton.edu/about-us/