Ohio Northern University
- Assets
- $417.1m
- Revenue
- $166.2m
- Investments
- $92.7m
- Employees
- 1,812
- Location
- Ada, OH
- Founding
- 10/1942
- Data as of
- 05/2022
- EIN
- 34-4429091
Organization Overview
Ohio Northern University is located in Ada, OH. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Ohio Northern University employed 1,812 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Northern 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 05/2022, Ohio Northern University generated $166.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $153.1m during the year ending 05/2022. While expenses have increased by 1.9% 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.
Since 2015, Ohio Northern University has awarded 25 individual grants totaling $1,350,636. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OHIO NORTHERN'S PURPOSE IS TO HELP STUDENTS DEVELOP INTO SELF RELIANT, MATURE INDIVIDUALS OPEN TO THE CONTEMPORARY WORLD, ACTIVE IN LEARNING AND SENSITIVE TO HIGHER VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OHIO NORTHERN UNIVERSITY CURRENTLY HAS 3,015 STUDENTS IN ATTENDANCE. THROUGH THE ACADEMIC PROGRAMS AND SERVICES PROVIDED, THE STUDENTS ARE ABLE TO EXCEL AND CHALLENGE THEMSELVES. THE UNIVERSITY GIVES TO STUDENTS THE OPPORTUNITY TO PURSUE USEFUL AND MEANINGFUL CAREERS AND PREPARES THEM TO BE RESPONSIBLE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Daniel A Dibiasio President (left 6/2022) | OfficerTrustee | 45 | $432,436 |
Shannon M Spencer VP For University Advancement | 45 | $276,380 | |
Charles H Rose III Dean, College Of Law | 45 | $256,026 | |
Dr Steven J Martin Dean, College Of Pharmacy | 45 | $233,135 | |
Dr Melissa J Baumann President (start 7/2022) | OfficerTrustee | 45 | $214,901 |
Jason M Broge VP For Financial Affairs | Officer | 45 | $181,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Maintenance Services | 5/30/23 | $4,341,211 |
Carnegie Dartlet Llc Consulting Services | 5/30/23 | $643,922 |
Oarnet Subscription Service | 5/30/23 | $406,609 |
Sodexo Services Inc Dining Services | 5/30/23 | $8,574,990 |
Buckeye Charters Ltd Transportation Servi | 5/30/23 | $363,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,651,697 |
| Investment income | $4,665,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,036,855 |
| Net Income from Fundraising Events | $6,286 |
| Net Income from Gaming Activities | $49,434 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,164,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $54,462,556 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $971,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,141,233 |
| Pension plan accruals and contributions | $2,313,650 |
| Other employee benefits | $4,922,355 |
| Payroll taxes | $2,636,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,466 |
| Fees for services: Accounting | $92,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $67,830 |
| Fees for services: Investment Management | $25,497 |
| Fees for services: Other | $13,758,454 |
| Advertising and promotion | $1,088,211 |
| Office expenses | $2,324,530 |
| Information technology | $600,964 |
| Royalties | $0 |
| Occupancy | $4,853,278 |
| Travel | $1,980,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,541,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,206,218 |
| Insurance | $1,113,511 |
| All other expenses | $0 |
| Total functional expenses | $153,115,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,584 |
| Savings and temporary cash investments | $16,610,544 |
| Pledges and grants receivable | $2,416,348 |
| Accounts receivable, net | $868,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,162,073 |
| Inventories for sale or use | $279,224 |
| Prepaid expenses and deferred charges | $2,093,974 |
| Investments—publicly traded securities | $118,552,028 |
| Investments—other securities | $92,717,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,779,127 |
| Total assets | $417,060,447 |
| Accounts payable and accrued expenses | $11,731,240 |
| Grants payable | $0 |
| Deferred revenue | $5,179,823 |
| Tax-exempt bond liabilities | $25,226,989 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $65,253,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,634,113 |
| Total liabilities | $120,025,232 |
| Net assets without donor restrictions | $56,966,319 |
| Net assets with donor restrictions | $240,068,896 |
| 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 | $297,035,215 |
Grants Awarded
Over the last fiscal year, Ohio Northern University has awarded $161,945 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF ADA PURPOSE: INFRASTRUCTURE SUPPORT | $40,363 |
ADA-LIBERTY JOINT AMBULANCE DISTRICT PURPOSE: OPERATIONAL SUPPORT | $78,048 |
LIBERTY TOWNSHIP TRUSTEES PURPOSE: OPERATIONAL SUPPORT | $43,534 |