University Of Rio Grande
- Assets
- $40.6m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 563
- Location
- Rio Grande, OH
- Founding
- 02/1945
- Data as of
- 06/2023
- EIN
- 31-4379537
Organization Overview
University Of Rio Grande is located in Rio Grande, OH. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, University Of Rio Grande employed 563 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Rio Grande 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 06/2023, University Of Rio Grande generated $26.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $27.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RIO GRANDE IS AN INSTITUTION OF HIGHER LEARNING THAT PROVIDES POST-SECONDARY STUDENTS OPPORTUNITIES TO OBTAIN HIGH-QUALITY, HIGH-VALUE CREDENTIALS IN DISCIPLINES INCLUDING THE LIBERAL AND FINE ARTS, SCIENCES, BUSINESS, TEACHER EDUCATION, NURSING, ALLIED HEALTH, AND TECHNOLOGIES. THE UNIVERSITY PROVIDES NON-DISCRIMINATORY EDUCATION OPPORTUNITIES FOR THE PURSUIT OF ACADEMIC EXCELLENCE. STUDENTS' EDUCATIONAL EXPERIENCES AT RIO HELPS TO DEVELOP A BALANCE OF INTELLECTUAL, AESTHETIC, SOCIAL, AND PHYSICAL QUALITIES THAT CHARACTERIZE THE TOTAL HUMAN EXPERIENCE, AND CHALLENGES STUDENTS' THINKING AND ABILITIES. THE UNIVERSITY PREPARES STUDENTS FOR THE MANY OCCUPATIONS AND PROFESSIONS NECESSARY TO LIVE AND WORK IN A GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF UNDERGRADUATE AND GRADUATE STUDENTS - STUDENTS CAN CHOOSE FROM OVER 75 ACADEMIC PROGRAMS AT THE CERTIFICATE, ASSOCIATES, BACHELORS, AND MASTER'S LEVELS. THERE ARE OVER 1,800 STUDENTS AT RIO GRANDE. THE LARGEST DEGREE PROGRAMS ARE NURSING, BUSINESS, AND EDUCATION.
THE UNIVERSITY OF RIO GRANDE HAS HAD A CONTRACT WITH RIO GRANDE COMMUNITY COLLEGE (RGCC) SINCE 1974 TO PROVIDE TO RGCC AND ITS STUDENTS INSTRUCTION IN ARTS AND SCIENCES, TECHNICAL STUDIES, NURSING AND ALLIED HEATH, AND SOCIAL AND BEHAVIORAL SCIENCES; ACCESS TO ALL NONRESIDENTIAL PHYSICAL FACILITIES OF THE UNIVERSITY; ACTIVITIES AVAILABLE TO THE STUDENTS SUCH AS ATHLETICS, CLUBS, AND OTHER APPROVED ACTIVITIES, STUDENT PERSONNEL SERVICES; AND APPROPRIATE OFFICE SPACE FOR RGCC'S ADMINISTRATIVE PERSONNNEL.
AUXILIARY ACTIVITIES INCLUDING DORMITORIES, DINING FACILITIES, & INTERCOLLEGIATE ATHLETICS ARE AVAILABLE TO ENHANCE THE LIFE ON CAMPUS OF STUDENTS. RIO GRANDE OFFERS ELEVEN SPORTS INCLUDING BASEBALL, BASKETBALL AND CROSS COUNTRY TO THEIR STUDENT ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tessa Pugh Secretary | OfficerTrustee | 2 | $0 |
Robin Fowler Vice Chair | OfficerTrustee | 2 | $0 |
Tim Kyger Chair | OfficerTrustee | 2 | $0 |
Gary Roach Treasurer | OfficerTrustee | 2 | $0 |
Darrell Boggs Board Member | Trustee | 1 | $0 |
Alice Dachowski Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hallmark Management Service Inc Food Services | 6/29/23 | $1,323,915 |
Mid-american Cleaning Contractors Janitorial Services | 6/29/23 | $588,000 |
Elseiver Inc Nursing Testing | 6/29/23 | $324,924 |
Engineered Air Constructional Service | 6/29/23 | $247,812 |
Plante & Moran Pllc Professional Services | 6/29/23 | $176,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $316,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,175,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,491,609 |
| Total Program Service Revenue | $23,085,483 |
| Investment income | $773,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $192,767 |
| Net Gain/Loss on Asset Sales | -$197,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $276,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,693,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,702,744 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,048,491 |
| Compensation of current officers, directors, key employees. | $215,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,710,515 |
| Pension plan accruals and contributions | $191,071 |
| Other employee benefits | $1,416,499 |
| Payroll taxes | $631,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,939 |
| Fees for services: Accounting | $220,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,946 |
| Fees for services: Other | $2,519,625 |
| Advertising and promotion | $249,321 |
| Office expenses | $639,125 |
| Information technology | $251,390 |
| Royalties | $0 |
| Occupancy | $1,016,486 |
| Travel | $397,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,526 |
| Interest | $576,515 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $913,085 |
| Insurance | $417,583 |
| All other expenses | -$144,454 |
| Total functional expenses | $27,242,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,291 |
| Savings and temporary cash investments | $1,201,746 |
| Pledges and grants receivable | $1,615,942 |
| Accounts receivable, net | $926,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $170,078 |
| Inventories for sale or use | $104,983 |
| Prepaid expenses and deferred charges | $261,625 |
| Net Land, buildings, and equipment | $18,752,047 |
| Investments—publicly traded securities | $16,408,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $928,536 |
| Total assets | $40,583,260 |
| Accounts payable and accrued expenses | $2,569,192 |
| Grants payable | $0 |
| Deferred revenue | $400,435 |
| 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 | $4,463,228 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,892 |
| Total liabilities | $7,518,747 |
| Net assets without donor restrictions | $6,146,375 |
| Net assets with donor restrictions | $26,918,138 |
| 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 | $40,583,260 |