Alliance University
- Assets
- $49.8m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 644
- Location
- New York, NY
- Founding
- 01/1958
- Data as of
- 06/2023
- EIN
- 13-1740285
Organization Overview
Alliance University is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Alliance University employed 644 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance 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 06/2023, Alliance University generated $41.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $57.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALLIANCE UNIVERSITY, A CHRISTIAN & MISSIONARY ALLIANCE EDUCATIONAL INSTITUTION, THROUGH ITS UNDERGRADUATE, GRADUATE AND SEMINARY PROGRAMS, PURSUES ITS HISTORICAL MISSION OF PREPARING MEN & WOMEN TO "TAKE THE WHOLE GOSPEL TO THE WHOLE WORLD."
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF 1,995 STUDENTS AT CAMPUSES LOCATED IN LOWER MANHATTAN, NEW YORK, AND AN EXTENSION SITE LOCATED IN PUERTO RICO, PLUS ONLINE PROGRAMS.
STUDENT SERVICES AND AUXILIARY ENTERPRISES
ACADEMIC SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajan S Mathews President | OfficerTrustee | 40 | $230,000 |
David F Turk Provost & VP | 40 | $152,553 | |
Kenneth E Baldes Trustee | Trustee | 2.4 | $0 |
Cornelius F Spitzer Controller | 35 | $111,166 | |
Dr Gary D Friesen Trustee | Trustee | 2.4 | $0 |
Anita L Underwood Dean Bus & Leadrsh | 40 | $115,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Lp Security Service | 6/29/23 | $137,374 |
Forvis Llp Audit/accounting | 6/29/23 | $102,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $708,004 |
| Government grants | $5,479,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,754,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,942,226 |
| Total Program Service Revenue | $31,130,941 |
| Investment income | $560,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,924,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,935,026 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,614 |
| Compensation of current officers, directors, key employees. | $331,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,597,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,944,833 |
| Payroll taxes | $882,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,315 |
| Fees for services: Accounting | $154,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,649 |
| Fees for services: Other | $4,150,299 |
| Advertising and promotion | $322,759 |
| Office expenses | $1,188,098 |
| Information technology | $195,638 |
| Royalties | $0 |
| Occupancy | $6,132,922 |
| Travel | $872,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,758,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,116,481 |
| Insurance | $562,991 |
| All other expenses | $0 |
| Total functional expenses | $57,111,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,403,612 |
| Pledges and grants receivable | $2,159,657 |
| Accounts receivable, net | $728,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,703 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $515,196 |
| Net Land, buildings, and equipment | $43,939,358 |
| Investments—publicly traded securities | $384,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $613,300 |
| Total assets | $49,781,311 |
| Accounts payable and accrued expenses | $2,451,108 |
| Grants payable | $0 |
| Deferred revenue | $1,199,165 |
| 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 | $50,174,647 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,337,311 |
| Total liabilities | $92,162,231 |
| Net assets without donor restrictions | -$57,491,493 |
| Net assets with donor restrictions | $15,110,573 |
| 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 | $49,781,311 |