Martin University Inc
- Assets
- $11.5m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 89
- Location
- Indianapolis, IN
- Founding
- 11/1979
- Data as of
- 06/2021
- EIN
- 31-0970262
Organization Overview
Martin University Inc is located in Indianapolis, IN. The organization was established in 1979. 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, Martin University Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin University Inc 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, Martin University Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $5.6m during the year ending 06/2021. While expenses have increased by 0.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE HIGHER EDUCATION AVAILABLE TO ALL WHO CAN BENEFIT. MARTIN UNIVERSITY SERVES MINORITY, LOW INCOME AND ADULT LEARNERS IN A HEALING AND FREEDOM-MINDED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE COLLEGE EDUCATION WHICH INCLUDES A FOUR YEAR LIBERAL ARTS PROGRAM TO APPROXIMATELY 271 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Huddleston President | Officer | 40 | $168,152 |
Joseph Perkins Chair | OfficerTrustee | 2 | $0 |
Max Siegel Vice Chair | OfficerTrustee | 2 | $0 |
Bruce Buchanan Treasurer | OfficerTrustee | 2 | $0 |
Terry Morris Secretary | OfficerTrustee | 2 | $0 |
Ivan Baird Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Healthcare Insurance | 6/29/19 | $346,721 |
Indiananpolis Power And Light Utilities | 6/29/19 | $101,334 |
Clausell & Associates Auditing Services | 6/29/19 | $101,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $930,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,709,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,640,224 |
| Total Program Service Revenue | $2,776,541 |
| Investment income | $1,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$13,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,489,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $97,647 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $193,152 |
| Compensation of current officers, directors, key employees. | $96,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,130,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $605,189 |
| Advertising and promotion | $260,748 |
| Office expenses | $82,124 |
| Information technology | $217,481 |
| Royalties | $0 |
| Occupancy | $196,055 |
| Travel | $12,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $451,863 |
| Insurance | $151,083 |
| All other expenses | $0 |
| Total functional expenses | $5,591,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $1,920,943 |
| Pledges and grants receivable | $1,025,136 |
| Accounts receivable, net | $64,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,152 |
| Prepaid expenses and deferred charges | $123,825 |
| Net Land, buildings, and equipment | $8,282,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,840 |
| Other assets | $299 |
| Total assets | $11,458,178 |
| Accounts payable and accrued expenses | $87,683 |
| Grants payable | $0 |
| Deferred revenue | $9,228 |
| Tax-exempt bond liabilities | $996,609 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $404,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,497,722 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $9,960,456 |
| 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 | $11,458,178 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Martin University Inc has recieved totaling $314,720.
| Awarding Organization | Amount |
|---|---|
Strada Education Network Inc Indianapolis, IN PURPOSE: OPERATING GRANT AND OPERATING SUPPORT | $142,500 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: YOUTH PROGRMS ON IN COLLEGE CAMPUSES | $50,000 |
The Ray Charles Foundation Los Angeles, CA PURPOSE: EDUCATIONAL PURPOSES | $25,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $20,000 |
Nicholas H Noyes Jr Memorial Foundation Inc Carmel, IN PURPOSE: ANNUAL SCHOLARSHIP FUND SUPPORT | $20,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,000 |
Endowment Analysis
| Beg. Balance | $920,714 |
| Earnings | $1,822 |
| Other Expense | $922,536 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |
Holy Family College Inc Manitowoc, WI | $6,992,394 | $12,349,410 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
University Of Wisconsin Stevens Point Foundation Inc Stevens Point, WI | $75,127,942 | $13,216,092 |
Simmons College Of Kentucky Inc Louisville, KY | $11,109,137 | $8,273,027 |