The Cedarville University
- Assets
- $257.7m
- Revenue
- $182.7m
- Investments
- $0.0
- Employees
- 2,786
- Location
- Cedarville, OH
- Founding
- 10/1941
- Data as of
- 06/2021
- EIN
- 31-0536647
Organization Overview
The Cedarville University is located in Cedarville, OH. The organization was established in 1941. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Cedarville University employed 2,786 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedarville 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 06/2021, Cedarville University generated $182.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $152.5m during the year ending 06/2021. While expenses have increased by 4.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CEDARVILLE UNIVERSITY IS A CHRIST-CENTERED LEARNING COMMUNITY EQUIPPING STUDENTS WITH AN EDUCATION GROUNDED IN BIBLICAL TRUTH.
Describe the Organization's Program Activity:
INSTRUCTION AND ACADEMIC SUPPORT: LOCATED IN SOUTHWEST OHIO, CEDARVILLE UNIVERSITY (UNIVERSITY) IS AN ACCREDITED, CHRIST-CENTERED, BAPTIST INSTITUTION WITH AN ENROLLMENT OF 4,715 UNDERGRADUATE, GRADUATE AND ONLINE STUDENTS IN MORE THAN 150 AREAS OF STUDY. FOUNDED IN 1887, CEDARVILLE IS RECOGNIZED NATIONALLY FOR ITS AUTHENTIC CHRISTIAN COMMUNITY, RIGOROUS ACADEMIC PROGRAMS, STRONG GRADUATION AND RETENTION RATES, ACCREDITED PROFESSIONAL AND HEALTH SCIENCE OFFERINGS AND HIGH STUDENT ENGAGEMENT RANKING.
STUDENT AID: EXCELLENCE IS EXPECTED FROM EVERYONE AT CEDARVILLE. WE PROVIDE STUDENTS IN EACH OF OUR 150 AREAS OF STUDY THE RESOURCES AND SUPPORT NECESSARY TO MEET OUR COMMUNITY'S HIGH STANDARDS FOR ACADEMIC ACHIEVEMENT. GRADUATES EMERGE FROM CEDARVILLE WELL-PREPARED TO SUCCEED IN A HIGHLY COMPETITIVE PROFESSIONAL ENVIRONMENT. AS A RESULT, WE ARE TAKING OUR WELL-EARNED PLACE AS ONE OF THE NATION'S BEST COLLEGES.
AUXILIARY SERVICES: CEDARVILLE IS COMMITTED TO THE DEVELOPMENT OF THE WHOLE PERSON. FROM OUR STUDENT LIFE INITIATIVES TO OUR CURRICULUM DESIGN, ALL OF OUR STRUCTURES AND STRATEGIES HAVE BEEN DEVELOPED TO PRODUCE GRADUATES WHO WILL POSSESS THE EXPERTISE AND CHARACTER NEEDED TO ENGAGE THEIR PROFESSIONAL, SOCIAL AND POLITICAL SPHERES-OF-INFLUENCE WITH TRUTH FROM GOD'S UNCHANGING WORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas White President | Officer | 40 | $291,674 |
Thomas Mach VP Academics | Officer | 40 | $172,971 |
Christopher Sohn VP Of Business CFO | Officer | 40 | $166,499 |
Scott Van Loo VP Enrollment Mgmt | Officer | 40 | $163,239 |
Jason Grahame Director Of Pa Program | 40 | $138,966 | |
John Hart General Counsel | 40 | $137,872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Dining Services | 6/29/21 | $6,019,873 |
Danis Builders Llc Construction | 6/29/21 | $1,651,891 |
Wff Facility Services Housekeeping | 6/29/21 | $1,490,314 |
International Center For Creativity Education | 6/29/21 | $1,369,918 |
Eab Global Inc Student Contracts | 6/29/21 | $1,065,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,490,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,936,975 |
| Noncash contributions included in lines 1a–1f | $3,410,271 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,427,735 |
| Total Program Service Revenue | $158,497,706 |
| Investment income | $1,626,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,547 |
| Net Gain/Loss on Asset Sales | $1,167,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,725,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $56,500,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,629,722 |
| Compensation of current officers, directors, key employees. | $1,003,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,638,792 |
| Pension plan accruals and contributions | $3,320,050 |
| Other employee benefits | $9,843,659 |
| Payroll taxes | $2,817,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,921 |
| Fees for services: Accounting | $71,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,000 |
| Fees for services: Investment Management | $170,910 |
| Fees for services: Other | $9,706,589 |
| Advertising and promotion | $559,345 |
| Office expenses | $10,044,806 |
| Information technology | $1,271,273 |
| Royalties | $0 |
| Occupancy | $7,973,583 |
| Travel | $564,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $917,522 |
| Interest | $73,059 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,689,826 |
| Insurance | $634,218 |
| All other expenses | $0 |
| Total functional expenses | $152,487,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,991 |
| Savings and temporary cash investments | $16,659,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,530,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $893,786 |
| Prepaid expenses and deferred charges | $1,776,864 |
| Net Land, buildings, and equipment | $133,075,261 |
| Investments—publicly traded securities | $101,005,760 |
| Investments—other securities | $0 |
| Investments—program-related | $1,752,500 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,715,774 |
| Accounts payable and accrued expenses | $8,412,929 |
| Grants payable | $0 |
| Deferred revenue | $2,192,651 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,472,542 |
| Total liabilities | $16,078,122 |
| Net assets without donor restrictions | $172,984,249 |
| Net assets with donor restrictions | $68,653,403 |
| 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 | $257,715,774 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Cedarville University has recieved totaling $6,200.
| Awarding Organization | Amount |
|---|---|
Velma A Denny Scholarship Tr Canton, IL PURPOSE: SCHOLARSHIP FOR CANTON HIGH | $4,000 |
William Searls Scholarship Foundation Damariscotta, ME PURPOSE: SCHOLARSHIP | $1,200 |
Complete the Work Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $36,523,114 |
| Earnings | $10,062,254 |
| Admin Expense | $129,364 |
| Net Contributions | $1,919,127 |
| Other Expense | $107,728 |
| Grants | $1,455,110 |
| Ending Balance | $46,812,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Franklin & Marshall College Lancaster, PA | $899,256,737 | $209,519,207 |
Dickinson College Carlisle, PA | $727,423,592 | $183,897,570 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Bryn Mawr College Bryn Mawr, PA | $1,564,567,339 | $239,161,459 |