Tiffin University
- Assets
- $106.0m
- Revenue
- $73.7m
- Investments
- $0.0
- Employees
- 1,057
- Location
- Tiffin, OH
- Founding
- 01/2009
- Data as of
- 04/2023
- EIN
- 34-4427516
Organization Overview
Tiffin University is located in Tiffin, OH. The organization was established in 2009. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 04/2023, Tiffin University employed 1,057 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tiffin 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 04/2023, Tiffin University generated $73.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $70.6m during the year ending 04/2023. While expenses have increased by 2.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE STUDENTS BY LINKING KNOWLEDGE TO PROFESSIONAL PRACTICE.
Describe the Organization's Program Activity:
STUDENTS HAVE ACCESS TO SOME OF THE BEST UNDERGRADUATE, GRADUATE, AND DEGREE COMPLETION PROGRAMS AND CAN DECIDE WHETHER TO PURSUE THEIR DEGREE ON CAMPUS, ONLINE, OR ENJOY A LITTLE BIT OF BOTH. SOME OF OUR MOST POPULAR PROGRAMS, MANY OF WHICH ARE NATIONALLY RECOGNIZED, INCLUDE HOMELAND SECURITY/TERRORISM; FORENSIC PSYCHOLOGY, FORENSIC SCIENCE, SPORTS AND RECREATION MANAGEMENT; EXERCISE SCIENCE, COMMUNICATION; AND BUSINESS MANAGEMENT, TO NAME A FEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lillian Schumacher President | Officer | 45 | $380,295 |
Mitchell Blonde VP Instit Adv & Public Affairs | Officer | 45 | $170,284 |
Dr Peter Holbrook Provost/chief Academic Officer | Officer | 45 | $180,965 |
Ronald Lonzo Vo What's Next Str. Innov. | Officer | 45 | $175,946 |
Dr Terry Sullivan Vice Provost-Academic Campus | 45 | $127,669 | |
Dr Daniel Clark Dean, School Of Education | 45 | $132,344 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Food Service | 4/29/23 | $2,785,862 |
Bee-safe Llc Security Service | 4/29/23 | $584,922 |
Ellucian Company Lp Technology Service | 4/29/23 | $1,426,431 |
Rivetica Inc Marketing/consulting | 4/29/23 | $2,515,350 |
Ruffalo Noel Levitz Fundraising Service | 4/29/23 | $210,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,150 |
| Related organizations | $0 |
| Government grants | $7,260,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,600,235 |
| Noncash contributions included in lines 1a–1f | $5,388 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,925,529 |
| Total Program Service Revenue | $61,504,273 |
| Investment income | $934,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,866 |
| Net Gain/Loss on Asset Sales | -$147,342 |
| Net Income from Fundraising Events | -$5,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,456,756 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,711,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,202,773 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,469,991 |
| Compensation of current officers, directors, key employees. | $708,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,304,248 |
| Pension plan accruals and contributions | $831,493 |
| Other employee benefits | $2,355,935 |
| Payroll taxes | $1,291,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,518 |
| Fees for services: Accounting | $405,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $232,340 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,062,626 |
| Advertising and promotion | $2,562,958 |
| Office expenses | $1,873,037 |
| Information technology | $2,492,421 |
| Royalties | $0 |
| Occupancy | $2,589,222 |
| Travel | $652,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,598 |
| Interest | $1,249,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,532,127 |
| Insurance | $656,516 |
| All other expenses | $0 |
| Total functional expenses | $70,617,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,992 |
| Savings and temporary cash investments | $5,264,489 |
| Pledges and grants receivable | $2,853,199 |
| Accounts receivable, net | $2,257,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,604,896 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $606,736 |
| Net Land, buildings, and equipment | $64,458,696 |
| Investments—publicly traded securities | $22,182,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,805,629 |
| Total assets | $106,035,559 |
| Accounts payable and accrued expenses | $6,297,345 |
| Grants payable | $0 |
| Deferred revenue | $684,480 |
| Tax-exempt bond liabilities | $28,990,465 |
| 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 | $319,643 |
| Total liabilities | $36,291,933 |
| Net assets without donor restrictions | $54,414,853 |
| Net assets with donor restrictions | $15,328,773 |
| 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 | $106,035,559 |