University Of Hartford
- Assets
- $471.5m
- Revenue
- $291.9m
- Investments
- $84.2m
- Employees
- 3,001
- Location
- West Hartford, CT
- Founding
- 06/1957
- Data as of
- 06/2021
- EIN
- 06-0731360
Organization Overview
University Of Hartford is located in West Hartford, CT. The organization was established in 1957. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, University Of Hartford employed 3,001 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Hartford 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 06/2021, University Of Hartford generated $291.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $282.2m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY PROVIDES A LEARNING ENVIRONMENT IN WHICH STUDENTS MAY TRANSFORM THEMSELVES INTELLECTUALLY, PERSONALLY AND SOCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF HARTFORD IS AN INDEPENDENT, CO-EDUCATIONAL, NON-SECTARIAN INSTITUTION THAT CURRENTLY ENROLLS APPROXIMATELY 5,740 FULL AND PART-TIME STUDENTS THAT REPRESENT 48 US STATES AND 45 FOREIGN COUNTRIES. THE UNIVERSITY PROVIDES INSTRUCTION THROUGH SEVEN SCHOOLS, OFFERING 8 ASSOCIATE DEGREE PROGRAMS, 83 UNDERGRADUATE MAJORS, 46 GRADUATE-LEVEL DEGREE PROGRAMS, AND 6 DOCTORATE DEGREES, AS WELL AS SEVERAL UNDERGRADUATE AND GRADUATE CERTIFICATES AND DIPLOMAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Woodward President | OfficerTrustee | 40 | $560,836 |
Jerome Katrichis Faculty Regent | Trustee | 40 | $133,347 |
Natalie Politikos Faculty Regent | Trustee | 40 | $115,937 |
David Gordon Regent - Chair | Trustee | 2 | $0 |
Kathleen Behrens Regent - Vice Chair | Trustee | 2 | $0 |
Paul Sittard Regent - Vice Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whiting-turner Contracting Company Construction | 6/29/22 | $26,998,927 |
Aramark Food & Support Services Inc Dining And Facilities | 6/29/22 | $20,227,076 |
Ellucian Support Inc It Services | 6/29/22 | $1,618,364 |
Capital Education Llc Education | 6/29/22 | $2,401,534 |
Hartford Hospital Health Services | 6/29/22 | $1,480,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,501,520 |
| Investment income | $4,063,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,500 |
| Net Gain/Loss on Asset Sales | $12,817,515 |
| Net Income from Fundraising Events | -$88,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,863,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $103,713,011 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,993,382 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,827,051 |
| Compensation to disqualified persons | $102,157 |
| Other salaries and wages | $75,877,280 |
| Pension plan accruals and contributions | $2,613,978 |
| Other employee benefits | $14,770,715 |
| Payroll taxes | $5,918,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $591,905 |
| Fees for services: Accounting | $228,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,967 |
| Fees for services: Investment Management | $771,832 |
| Fees for services: Other | $12,577,015 |
| Advertising and promotion | $1,729,878 |
| Office expenses | $4,751,252 |
| Information technology | $5,080,602 |
| Royalties | $0 |
| Occupancy | $8,234,824 |
| Travel | $2,082,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $616,773 |
| Interest | $3,431,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,804,097 |
| Insurance | $2,001,131 |
| All other expenses | $0 |
| Total functional expenses | $282,197,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,350,664 |
| Savings and temporary cash investments | $38,499,037 |
| Pledges and grants receivable | $9,359,237 |
| Accounts receivable, net | $9,452,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,050,370 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,993,655 |
| Investments—publicly traded securities | $124,628,608 |
| Investments—other securities | $84,202,203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,013,179 |
| Total assets | $471,525,353 |
| Accounts payable and accrued expenses | $31,790,114 |
| Grants payable | $0 |
| Deferred revenue | $12,653,593 |
| Tax-exempt bond liabilities | $143,419,341 |
| 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 | $16,228,537 |
| Total liabilities | $204,091,585 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $267,433,768 |