Houghton University
- Assets
- $126.7m
- Revenue
- $34.3m
- Investments
- $0.0
- Employees
- 943
- Location
- Houghton, NY
- Founding
- 05/1970
- Data as of
- 05/2023
- EIN
- 16-0743045
Organization Overview
Houghton University is located in Houghton, NY. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Houghton University employed 943 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Houghton 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 05/2023, Houghton University generated $34.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $34.1m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A NATIONALLY RANKED CHRISTIAN UNIVERSITY FOUNDED BY THE WESLEYAN CHURCH.
Describe the Organization's Program Activity:
INSTRUCTION: HOUGHTON UNIVERSITY PROVIDES ACADEMICALLY CHALLENGING, CHRIST-CENTERED EDUCATION IN THE LIBERAL ARTS AND SCIENCES THROUGH AN ORTHODOX CHRISTIAN WORLDVIEW. A HOUGHTON EDUCATION IS DEEPLY ROOTED IN THE WESLEYAN THEOLOGICAL TRADITION AND IS AVAILABLE TO STUDENTS THROUGH BOTH RESIDENTIAL AND ONLINE PLATFORM. OUR RURAL, RESIDENTIAL CAMPUS FOCUSES ON LEARNING WITHIN AN INTENTIONAL CHRIST-CENTERED COMMUNITY, OFFERING OVER 70 MAJORS TO APPROXIMATELY 900 TRADITIONAL UNDERGRADUATE STUDENTS, EQUIPPING THEM WITH DEGREES IN THE LIBERAL ARTS, NATURAL SCIENCES AND PRE-PROFESSIONAL PROGRAMS. EXPERIENTIAL LEARNING BOTH IN AND OUT OF THE CLASSROOM IS A HALLMARK OF A HOUGHTON EDUCATION, AND UNIQUELY PREPARES OUR STUDENTS TO LEAD AND LABOR AS SCHOLAR-SERVANTS IN A CHANGING WORLD. OUR ONLINE EDUCATION PROVIDES THE SAME ACADEMICALLY CHALLENGING EDUCATION THROUGH AN ORTHODOX CHRISTIAN WORLDVIEW TO A STUDENT BODY OF DIVERSE LEARNERS INCLUDING ADULTS, PROFESSIONALS, TRADITIONAL COLLEGE STUDENTS, AND PRE-COLLEGE DUAL-ENROLLED STUDENTS.
OTHER PROGRAM EXPENSES INCLUDE GRANTS TO STUDENTS, AS WELL AS DEPARTMENTAL PROJECTS AND STUDENT LOANS.
AUXILARY ENTERPRISES: HOUGHTON UNIVERSITY'S AUXILIARY ENTERPRISES ARE PRIMARILY COMPOSED OF STUDENT HOUSING, DINING SERVICES AND THE HIGHLANDERS SHOP CAMPUS STORE. AS A RURAL, RESIDENTIAL CAMPUS, THESE COMPONENTS BECOME A VITAL PART OF A STUDENT'S EXPERIENCE, PROVIDING OPPORTUNITY FOR SOCIAL AND EMOTIONAL GROWTH AND FEEDING INTO THE VITALLY IMPORTANT TASK OF DEVELOPING CHRISTIAN YOUNG MEN AND WOMEN. AS STUDENTS LIVE AND LEARN TOGETHER, THE GROWTH WHICH TAKES PLACE IN STUDENT HOUSING AND THE DINING HALL IS OFTEN A SIGNIFICANT FACTOR IN THE WORLD-CHANGING, KINGDOM IMPACT OUR ALUMNI WILL HAVE AFTER GRADUATION.
STUDENT SERVICES: AT HOUGHTON UNIVERSITY, EDUCATION IS NOT CONFINED TO THE CLASSROOM. STUDENT LIFE, INCLUDING APPROXIMATELY 35 UNIQUE STUDENT CLUBS, A WEEKLY RHYTHM OF SPIRITUAL DEVELOPMENT, AND STUDENT LEADERSHIP DEVELOPMENT, PROVIDES BOTH SOCIAL AND PROFESSIONAL LEARNING OPPORTUNITIES FOR HOUGHTON STUDENTS. AS AN NCAA DIII SCHOOL, HIGHLANDER ATHLETICS SPONSORS 15 SPORTS TEAMS AND SERVES APPROXIMATELY ONE-THIRD OF THE STUDENT BODY, OFFERING LIFE-LONG WELLNESS SKILLS AND INTENSIVE CHRISTIAN LEADERSHIP DEVELOPMENT. OTHER STUDENT SERVICES INCLUDE WRAP-AROUND CARE SUPPORTING STUDENT'S MENTAL AND PHYSICAL WELLBEING, ACADEMIC SUPPORTS, AND INTERNSHIP AND CAREER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Wayne D Lewis Jr President | OfficerTrustee | 39 | $268,022 |
Rev Dr Joseph Jennings Chair | OfficerTrustee | 2 | $0 |
Rev Dr Matthew D Pickering Vice Chair | OfficerTrustee | 2 | $0 |
Karen Fohl Secretary | OfficerTrustee | 2 | $0 |
Joy Tolliver Assistant Secretary | OfficerTrustee | 2 | $0 |
Gary Bahler Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates (Fac Contract Custodial And Maintenance | 5/30/23 | $4,363,536 |
Metz Culinary Management Food Service | 5/30/23 | $2,756,394 |
Sparks451 Inc Digital Media And Advertising | 5/30/23 | $225,953 |
Kinley Corporation Of Ny Construction Services | 5/30/23 | $117,201 |
Genesee Valley Exteriors Llc Construction Services | 5/30/23 | $108,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,380,709 |
| Government grants | $4,523,586 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,635,546 |
| Noncash contributions included in lines 1a–1f | $85,587 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,539,841 |
| Total Program Service Revenue | $19,775,824 |
| Investment income | $2,203,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,286,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,417,809 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $433,550 |
| Compensation of current officers, directors, key employees. | $368,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,399,516 |
| Pension plan accruals and contributions | $199,043 |
| Other employee benefits | $2,186,269 |
| Payroll taxes | $748,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,757 |
| Fees for services: Accounting | $129,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,112,280 |
| Advertising and promotion | $508,554 |
| Office expenses | $396,813 |
| Information technology | $433,768 |
| Royalties | $0 |
| Occupancy | $2,416,341 |
| Travel | $703,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,615 |
| Interest | $1,054,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,112,941 |
| Insurance | $260,601 |
| All other expenses | $2,485,935 |
| Total functional expenses | $34,123,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,187,902 |
| Savings and temporary cash investments | $1,437,194 |
| Pledges and grants receivable | $4,577,439 |
| Accounts receivable, net | $1,235,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $675,052 |
| Inventories for sale or use | $119,052 |
| Prepaid expenses and deferred charges | $674,922 |
| Net Land, buildings, and equipment | $40,009,197 |
| Investments—publicly traded securities | $69,536,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,232,221 |
| Total assets | $126,684,978 |
| Accounts payable and accrued expenses | $2,884,603 |
| Grants payable | $0 |
| Deferred revenue | $959,065 |
| Tax-exempt bond liabilities | $22,250,000 |
| 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 | $4,940,766 |
| Total liabilities | $31,034,434 |
| Net assets without donor restrictions | $21,387,560 |
| Net assets with donor restrictions | $74,262,984 |
| 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 | $126,684,978 |