Union Institute & University
- Assets
- $9.5m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 298
- Location
- Cincinnati, OH
- Founding
- 03/1970
- Data as of
- 06/2021
- 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 06/2021, Union Institute & University employed 298 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 06/2021, Union Institute & University generated $17.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $18.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY OFFERING ACCREDITED BACHELORS, MASTERS, AND DOCTORAL PROGRAMS.
Describe the Organization's Program Activity:
HIGHER EDUCATION: ACADEMIC SERVICES AND INSTRUCTION TO STUDENTS IN ACCREDITED BA, BS, MASTERS, AND DOCTORAL PROGRAMS
NA
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Webb Karen Schuster President | Officer | 50 | $264,679 |
Dr Soto Nelson VP Academic Affairs | Officer | 50 | $150,236 |
Dr Gore Shanda Vice President Enrollment | Officer | 50 | $144,298 |
Christie Caronis Marketing Director | Officer | 40 | $121,503 |
Sandra Mills VP Finance And Chief Financial Officer | Officer | 50 | $108,682 |
Ms Burke Patty Vice President Hr | Officer | 50 | $107,899 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mays & Associates Counseling Training And Coordination | 6/29/21 | $128,105 |
T Parker And Co Llc Marketing Consultants | 6/29/21 | $310,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,278,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $425,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,703,920 |
| Total Program Service Revenue | $13,661,535 |
| Investment income | $490,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,518 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,880,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,142,480 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $910,214 |
| Compensation of current officers, directors, key employees. | $744,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,212,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,091,274 |
| Payroll taxes | $682,881 |
| Fees for services: Management | $363,980 |
| Fees for services: Legal | $29,527 |
| Fees for services: Accounting | $99,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,304 |
| Fees for services: Other | $0 |
| Advertising and promotion | $620,420 |
| Office expenses | $293,803 |
| Information technology | $783,649 |
| Royalties | $0 |
| Occupancy | $1,002,159 |
| Travel | $22,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,623 |
| Interest | $272,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,103 |
| Insurance | $100,378 |
| All other expenses | $648,337 |
| Total functional expenses | $18,674,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,447,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $470,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $404,487 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $791,945 |
| Net Land, buildings, and equipment | $665,098 |
| Investments—publicly traded securities | $2,434,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,313,155 |
| Other assets | $0 |
| Total assets | $9,527,741 |
| Accounts payable and accrued expenses | $873,549 |
| Grants payable | $0 |
| Deferred revenue | $1,663,272 |
| 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 | $630,804 |
| Total liabilities | $3,167,625 |
| Net assets without donor restrictions | $4,831,474 |
| Net assets with donor restrictions | $1,528,642 |
| 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 | $9,527,741 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Union Institute & University has recieved totaling $140,053.
| Awarding Organization | Amount |
|---|---|
Chas E Schell Tr Uw Foundation For Education Cincinnati, OH PURPOSE: PROJECT/PROGRAM SUPPORT | $100,000 |
Robert H Reakirt Fdn Equities 532h-70700010276043 Pittsburgh, PA PURPOSE: WOMEN IN UNION | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $2,348,292 |
| Earnings | $415,406 |
| Admin Expense | $7,257 |
| Net Contributions | $27,759 |
| Other Expense | $801,000 |
| Grants | $13,229 |
| Ending Balance | $1,969,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immaculata University Immaculata, PA | $90,984,973 | $52,685,329 |
La Roche University Pittsburgh, PA | $39,277,168 | $46,530,372 |
Lake Erie College Painesville, OH | $81,401,421 | $39,379,084 |
Pittsburgh Technical Institute Inc Oakdale, PA | $64,231,966 | $39,911,852 |
Union College Barbourville, KY | $84,429,327 | $37,026,140 |
University Of Rio Grande Rio Grande, OH | $39,998,675 | $32,716,983 |
Wheeling Jesuit University Inc Wheeling, WV | $24,384,754 | $30,930,367 |
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Baker College Flint, MI | $17,867,262 | $11,641,595 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |