Hiram College
- Assets
- $148.3m
- Revenue
- $41.2m
- Investments
- $0.0
- Employees
- 883
- Location
- Hiram, OH
- Founding
- 05/1932
- Data as of
- 06/2021
- EIN
- 34-0714670
Organization Overview
Hiram College is located in Hiram, OH. The organization was established in 1932. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Hiram College employed 883 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hiram College 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, Hiram College generated $41.2m 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 (3.7%) each year. All expenses for the organization totaled $44.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
THE MISSION OF HIRAM COLLEGE IS TO FOSTER INTELLECTUAL EXCELLENCE AND SOCIAL RESPONSIBILITY ENABLING OUR STUDENTS TO THRIVE IN THEIR CHOSEN CAREERS, FLOURISH IN LIFE AND FACE THE URGENT CHALLENGES OF OUR TIMES.
Describe the Organization's Program Activity:
HIRAM COLLEGE HAS PROVIDED UNDERGRADUATE HIGHER EDUCATION TO NEARLY 900 TRADITIONAL AGED STUDENTS AS WELL AS 250 ADULT AGED STUDENTS. THE RIGOR OF THE ACADEMIC PROGRAM AND THE SUPPORT SERVICES PROVIDED SERVE TO SUPPORT THE COLLEGE'S MISSION TO FOSTER INTELLECTUAL EXCELLENCE, SOCIAL RESPONSIBILITY AND CREATE THE BUILDING BLOCKS FOR SUCCESS IN THEIR CHOSEN CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Haney President | OfficerTrustee | 40 | $363,693 |
Nancy Rubin CFO And VP Business And Finance | Officer | 40 | $164,891 |
Judy Muyskens Dean And VP Academic Affairs | Officer | 40 | $150,703 |
Elizabeth Okuma Sr. VP And Dean Of Students | Officer | 40 | $141,486 |
Andrea Welch VP For Enrollment | Officer | 40 | $62,868 |
Walter Williams VP Development And Alumni | Officer | 40 | $9,376 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Software | 6/29/20 | $181,758 |
Ds Architecture Llc Plannning And Architecture Services | 6/29/20 | $116,258 |
Ellucian Company Lp Software | 6/29/20 | $181,758 |
Ds Architecture Llc Plannning And Architecture Services | 6/29/20 | $116,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,166,437 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,166,716 |
| Total Program Service Revenue | $27,584,510 |
| Investment income | $2,416,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $41,168,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,321,188 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,073,924 |
| Compensation of current officers, directors, key employees. | $322,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,120,204 |
| Pension plan accruals and contributions | $196,794 |
| Other employee benefits | $2,083,199 |
| Payroll taxes | $816,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,379 |
| Fees for services: Accounting | $70,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,852,002 |
| Advertising and promotion | $356,826 |
| Office expenses | $434,263 |
| Information technology | $702,557 |
| Royalties | $0 |
| Occupancy | $1,653,039 |
| Travel | $236,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,085 |
| Interest | $1,733,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,850,339 |
| Insurance | $343,787 |
| All other expenses | $1,943,063 |
| Total functional expenses | $44,235,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,330,011 |
| Pledges and grants receivable | $556,159 |
| Accounts receivable, net | $3,493,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $202,784 |
| Inventories for sale or use | $130,721 |
| Prepaid expenses and deferred charges | $418,443 |
| Net Land, buildings, and equipment | $60,186,501 |
| Investments—publicly traded securities | $74,350,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,587,713 |
| Total assets | $148,255,931 |
| Accounts payable and accrued expenses | $7,078,906 |
| Grants payable | $0 |
| Deferred revenue | $818,316 |
| Tax-exempt bond liabilities | $23,972,482 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,126,172 |
| Unsecured mortgages and notes payable | $21,486 |
| Other liabilities | $11,979,800 |
| Total liabilities | $47,997,162 |
| Net assets without donor restrictions | $20,178,643 |
| Net assets with donor restrictions | $80,080,126 |
| 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 | $148,255,931 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hiram College has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Dale W & Bonita J Van Voorhis Fam Foundation Hiram, OH PURPOSE: GENERAL | $25 |
Endowment Analysis
| Beg. Balance | $50,829,315 |
| Earnings | $10,732,820 |
| Net Contributions | $1,129,163 |
| Other Expense | $1,219,259 |
| Grants | $764,014 |
| Ending Balance | $60,708,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |