Goodwin University Inc
- Assets
- $313.4m
- Revenue
- $70.5m
- Investments
- $0.0
- Employees
- 723
- Location
- East Hartford, CT
- Founding
- 01/2002
- Data as of
- 06/2022
- EIN
- 06-1627882
Organization Overview
Goodwin University Inc is located in East Hartford, CT. The organization was established in 2002. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Goodwin University Inc employed 723 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwin University Inc 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 06/2022, Goodwin University Inc generated $70.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $73.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
GOODWIN UNIVERSITY IS AUTHORIZED TO CONFER MASTERS DEGREES, BACCALAUREATE DEGREES, ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS. TO THIS END, GOODWIN UNIVERSITY CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Amodio Director | Trustee | 2 | $0 |
Ron Angelo Director | Trustee | 2 | $0 |
Michele Bush Director | Trustee | 2 | $0 |
Edward Casares Director | Trustee | 2 | $0 |
Merilee Dejohn Director | Trustee | 2 | $0 |
Martin D'eramo Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mega Mechanical Services Building Repairs/maintenance Services | 6/29/22 | $1,063,812 |
Science Interactive Group Llc Instructional Supplies | 6/29/22 | $993,068 |
Follett Higher Education Group Retail/bookstore Operation | 6/29/22 | $811,567 |
Ssc Inc Security Services | 6/29/22 | $768,890 |
O R & L Construction Corp Construction Services | 6/29/22 | $403,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $478,096 |
| Government grants | $9,540,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,615,147 |
| Total Program Service Revenue | $58,469,543 |
| Investment income | $8,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$937,357 |
| Net Gain/Loss on Asset Sales | -$800,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $92,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,467,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $545,905 |
| Grants and other assistance to domestic individuals. | $11,437,053 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,013,769 |
| Compensation of current officers, directors, key employees. | $829,412 |
| Compensation to disqualified persons | $63,478 |
| Other salaries and wages | $21,982,124 |
| Pension plan accruals and contributions | $501,721 |
| Other employee benefits | $1,977,844 |
| Payroll taxes | $1,874,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $269,161 |
| Fees for services: Accounting | $319,830 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,846,075 |
| Advertising and promotion | $2,956,538 |
| Office expenses | $2,027,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,103,356 |
| Travel | $264,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $681,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,884,897 |
| Insurance | $653,177 |
| All other expenses | $1,946,833 |
| Total functional expenses | $73,018,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,426,781 |
| Savings and temporary cash investments | $13,187,670 |
| Pledges and grants receivable | $5,267,795 |
| Accounts receivable, net | $2,326,599 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,623,577 |
| Net Land, buildings, and equipment | $271,781,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,785,451 |
| Total assets | $313,398,918 |
| Accounts payable and accrued expenses | $7,719,692 |
| Grants payable | $0 |
| Deferred revenue | $5,560,051 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $39,277,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,944,106 |
| Total liabilities | $55,500,982 |
| Net assets without donor restrictions | $257,522,629 |
| Net assets with donor restrictions | $375,307 |
| 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 | $313,398,918 |