Baldwin Wallace University
- Assets
- $399.8m
- Revenue
- $147.8m
- Investments
- $11.5m
- Employees
- 2,560
- Location
- Berea, OH
- Founding
- 04/1954
- Data as of
- 06/2021
- EIN
- 34-0714629
Organization Overview
Baldwin Wallace University is located in Berea, OH. The organization was established in 1954. 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, Baldwin Wallace University employed 2,560 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baldwin Wallace 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, Baldwin Wallace University generated $147.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $146.0m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 7 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
BALDWIN WALLACE UNIVERSITY PROVIDES UNDERGRADUATE HIGHER EDUCATION LEADING TO (SEE SCHEDULE O) THE BACHELOR DEGREE, AND GRADUATE EDUCATION AT THE MASTERS LEVEL IN SIX FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF 2,684 FULL-TIME UNDERGRADUATE STUDENTS, 152 PART-TIME UNDERGRADUATES, AND 496 GRADUATE STUDENTS, PLUS CERTIFICATE PROGRAMS AND FACULTY SCHOLARLY RESEARCH. UNDERGRADUATE DEGREES OFFERED ARE THE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, BACHELOR OF SCIENCE IN EDUCATION, BACHELOR OF MUSIC, BACHELOR OF MUSIC EDUCATION, AND BACHELOR OF SCIENCE IN NURSING. THE GRADUATE PROGRAMS LEAD TO THE DEGREES OF MASTER OF ACCOUNTANCY, MASTER OF ARTS IN EDUCATION, MASTER OF BUSINESS ADMINISTRATION, MASTER OF MEDICAL SCIENCE (PHYSICIAN ASSISTANT), MASTER OF PUBLIC HEALTH, AND MASTER OF SCIENCE (SPEECH LANGUAGE PATHOLOGY AND EXERCISE PHYSIOLOGY).
MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID GRANTS TO STUDENTS ACTIVELY ENROLLED IN THE UNIVERSITY.
AUXILIARY SERVICES AND ACTIVITIES FOR STUDENTS, INCLUDING RESIDENCE HALLS HOUSING 1,376 FULL-TIME STUDENTS, DINING HALLS, BOOKSTORE, ATHLETICS, STUDENT UNION, RECREATION CENTER, AND HEALTH CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Agnes P Dover Chair | OfficerTrustee | 5 | $0 |
Lee Thomas Vice Chair | OfficerTrustee | 5 | $0 |
Stan Ball Trustee | Trustee | 2 | $0 |
Duane Bishop Trustee | Trustee | 2 | $0 |
Susan Bixler Trustee | Trustee | 2 | $0 |
Donald W Bogus Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Albert M Higley Company Construction | 6/29/22 | $3,846,969 |
Dell Marketing Lp It Consultant | 6/29/22 | $714,230 |
Ellucian Company Lp It Consultant | 6/29/22 | $497,109 |
North Shore Mechanicall Hvac | 6/29/22 | $961,873 |
Arete Advisors Llc Cybersecurity | 6/29/22 | $319,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,496,090 |
| Investment income | $525,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,784 |
| Net Gain/Loss on Asset Sales | $5,575,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,757,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,818,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $52,140,562 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,371,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,150,530 |
| Pension plan accruals and contributions | $1,247,769 |
| Other employee benefits | $9,667,842 |
| Payroll taxes | $3,413,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,434 |
| Fees for services: Accounting | $150,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $22,650 |
| Fees for services: Investment Management | $238,932 |
| Fees for services: Other | $473,582 |
| Advertising and promotion | $696,731 |
| Office expenses | $2,257,268 |
| Information technology | $2,655,727 |
| Royalties | $54,748 |
| Occupancy | $7,624,504 |
| Travel | $574,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,290 |
| Interest | $892,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,456,455 |
| Insurance | $743,842 |
| All other expenses | $0 |
| Total functional expenses | $145,957,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,513,963 |
| Savings and temporary cash investments | $3,992,374 |
| Pledges and grants receivable | $10,048,673 |
| Accounts receivable, net | $3,571,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,505,854 |
| Prepaid expenses and deferred charges | $594,768 |
| Investments—publicly traded securities | $180,101,061 |
| Investments—other securities | $11,453,156 |
| Investments—program-related | $2,508,375 |
| Intangible assets | $0 |
| Other assets | $21,985,218 |
| Total assets | $399,770,084 |
| Accounts payable and accrued expenses | $5,128,858 |
| Grants payable | $0 |
| Deferred revenue | $1,901,810 |
| Tax-exempt bond liabilities | $8,930,000 |
| 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 | $17,205,107 |
| Other liabilities | $9,798,748 |
| Total liabilities | $42,964,523 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $356,805,561 |