Union Institute & University
- Assets
- $11.9m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 286
- Location
- Cincinnati, OH
- Founding
- 03/1970
- Data as of
- 06/2022
- EIN
- 31-0747997
Organization Overview
Union Institute & University is located in Cincinnati, OH. The organization was established in 1970. 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, Union Institute & University employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Institute & 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 06/2022, Union Institute & University generated $16.6m 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 (3.9%) each year. All expenses for the organization totaled $17.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNION INSTITUTE & UNIVERSITY EDUCATES HIGHLY MOTIVATED ADULTS WHO SEEK ACADEMIC PROGRAMS TO ENGAGE, ENLIGHTEN, AND EMPOWER THEM TO PURSUE PROFESSIONAL GOALS AND A LIFETIME OF LEARNING AND SERVICE. OFFERING ACCREDITED BACHELORS, MASTERS, AND DOCTORAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: ACADEMIC SERVICES AND INSTRUCTION TO STUDENTS IN ACCREDITED BA, BS, MASTERS, AND DOCTORAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Karen S Webb President | Officer | 50 | $263,614 |
Ms Sandra Mills VP & Chief Financial Officer | Officer | 50 | $151,187 |
Dr Nelson Soto Exec VP Academic Affairs | Officer | 50 | $128,471 |
Ms Patricia Burke VP Human Resources | Officer | 50 | $120,122 |
Ms Betsy Emery Martin Exec Director Inst Social Jus | Officer | 40 | $100,774 |
Dr Arlene Sacks Assoc VP Academic Affairs | Officer | 40 | $106,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T Parker And Co Llc Marketing Consultants | 6/29/21 | $310,444 |
Mays & Associates Counseling Training And Coordination | 6/29/21 | $128,105 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,945,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,088,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,034,463 |
| Total Program Service Revenue | $10,502,101 |
| Investment income | $52,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,600,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $534,565 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $879,008 |
| Compensation of current officers, directors, key employees. | $222,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,650,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $941,299 |
| Payroll taxes | $674,769 |
| Fees for services: Management | $906,481 |
| Fees for services: Legal | $44,662 |
| Fees for services: Accounting | $76,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,261 |
| Fees for services: Other | $0 |
| Advertising and promotion | $617,784 |
| Office expenses | $760,037 |
| Information technology | $738,550 |
| Royalties | $0 |
| Occupancy | $1,293,930 |
| Travel | $156,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,909 |
| Interest | $4,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,837 |
| Insurance | $123,114 |
| All other expenses | $0 |
| Total functional expenses | $17,140,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,384,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,861,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $314,199 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $409,483 |
| Net Land, buildings, and equipment | $1,337,278 |
| Investments—publicly traded securities | $2,056,058 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,313,156 |
| Other assets | $246,058 |
| Total assets | $11,922,267 |
| Accounts payable and accrued expenses | $2,229,652 |
| Grants payable | $0 |
| Deferred revenue | $2,166,002 |
| 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 | $600,000 |
| Other liabilities | $1,106,165 |
| Total liabilities | $6,101,819 |
| Net assets without donor restrictions | $4,425,220 |
| Net assets with donor restrictions | $1,395,228 |
| 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 | $11,922,267 |