Unity Environmental University
- Assets
- $90.8m
- Revenue
- $78.8m
- Investments
- $0.0
- Employees
- 511
- Location
- New Gloucester, ME
- Founding
- 01/1966
- Data as of
- 06/2024
- EIN
- 01-0275130
Organization Overview
Unity Environmental University is located in New Gloucester, ME. The organization was established in 1966. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2024, Unity Environmental University employed 511 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unity Environmental University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Unity Environmental University generated $78.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $66.4m during the year ending 06/2024. While expenses have increased by 13.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
UNITY ENVIRONMENTAL UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, UNIVERSITY HEADQUARTERED IN SOUTHERN MAINE WITH MULTIPLE LOCATIONS ACROSS THE STATE OF MAINE. UNITY OFFERS ASSOCIATES, BACCALAUREATE AND MASTER'S DEGREES IN ENVIRONMENTAL SCIENCE FIELDS AND SERVES OVER 10,000 STUDENTS FROM AROUND THE UNITED STATES AND WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Reishus Chair | OfficerTrustee | 5 | $0 |
Howard Johnson Vice Chair | OfficerTrustee | 2 | $0 |
J Michael Pierce Treasurer | OfficerTrustee | 2 | $0 |
Molly Ruffle Secretary | OfficerTrustee | 2 | $0 |
Marc Bane Trustee | Trustee | 1 | $0 |
Andy Brooks Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Education Dynamics Llc Student Recruitment | 6/29/24 | $13,931,902 |
The Computer Company Inc It Support | 6/29/24 | $1,718,282 |
Advance Local Media Student Recruitment | 6/29/24 | $768,200 |
Education Trailblazers Llc Consulting | 6/29/24 | $1,261,976 |
Aladdin Food Management Service Dining Services | 6/29/24 | $525,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,182,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,373 |
| Noncash contributions included in lines 1a–1f | $20,499 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,374,692 |
| Total Program Service Revenue | $75,583,895 |
| Investment income | $1,564,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,935 |
| Net Gain/Loss on Asset Sales | $291,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,824,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $840,033 |
| Grants and other assistance to domestic individuals. | $17,476,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $673,817 |
| Compensation of current officers, directors, key employees. | $673,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,024,091 |
| Pension plan accruals and contributions | $524,167 |
| Other employee benefits | $1,247,873 |
| Payroll taxes | $1,131,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,015 |
| Fees for services: Accounting | $122,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,499 |
| Fees for services: Other | $5,359,900 |
| Advertising and promotion | $16,281,042 |
| Office expenses | $855,097 |
| Information technology | $1,402,714 |
| Royalties | $0 |
| Occupancy | $1,008,015 |
| Travel | $236,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,907 |
| Interest | $394,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,720,734 |
| Insurance | $278,247 |
| All other expenses | $0 |
| Total functional expenses | $66,417,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,389 |
| Savings and temporary cash investments | $35,249,884 |
| Pledges and grants receivable | $571,508 |
| Accounts receivable, net | $1,120,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,590 |
| Prepaid expenses and deferred charges | $884,136 |
| Net Land, buildings, and equipment | $24,388,095 |
| Investments—publicly traded securities | $19,105,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,488,096 |
| Other assets | $676,839 |
| Total assets | $90,752,974 |
| Accounts payable and accrued expenses | $4,996,798 |
| Grants payable | $0 |
| Deferred revenue | $748,234 |
| Tax-exempt bond liabilities | $10,550,621 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,261,401 |
| Total liabilities | $26,557,054 |
| Net assets without donor restrictions | $47,337,059 |
| Net assets with donor restrictions | $16,858,861 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,752,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin Pierce University Rindge, NH | $92,753,056 | $85,806,266 |
New England College Henniker, NH | $96,223,111 | $84,142,963 |
Unity Environmental University New Gloucester, ME | $90,752,974 | $78,824,720 |
Colby-Sawyer College New London, NH | $134,968,854 | $69,063,751 |
Thomas College Waterville, ME | $83,830,985 | $31,052,244 |
College Of The Atlantic Bar Harbor, ME | $141,928,490 | $28,002,873 |
Maine College Of Art Portland, ME | $47,873,713 | $26,110,572 |
Thomas More College Of Liberal Arts Incorporated Merrimack, NH | $7,414,400 | $5,988,598 |
Magdalen College Warner, NH | $3,658,951 | $2,671,615 |
Keene Endowment Association Keene, NH | $16,865,844 | $3,071,802 |
Maine Wesleyan Board Of Education Topsham, ME | $1,191,719 | $42,530 |
New England Baptist Bible College Bangor, ME | $0 | $0 |