Huntington University Inc
- Assets
- $101.4m
- Revenue
- $47.9m
- Investments
- $2.0m
- Employees
- 941
- Location
- Huntington, IN
- Founding
- 05/1945
- Data as of
- 05/2021
- EIN
- 35-0868101
Organization Overview
Huntington University Inc is located in Huntington, IN. The organization was established in 1945. 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, Huntington University Inc employed 941 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington University Inc 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 05/2021, Huntington University Inc generated $47.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $46.2m during the year ending 05/2021. While expenses have increased by 2.7% per year over the past 6 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
HUNTINGTON UNIVERSITY IS A CHRIST- CENTERED INSTITUTION THAT EXISTS TO CARRY OUT THE MISSION OF CHRIST IN HIGHER EDUCATION THROUGH A CURRICULUM OF ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUNTINGTON UNIVERSITY IS A CHRISTIAN UNIVERSITY WITH THE PRIMARY PURPOSE OF EDUCATING AND DEVELOPING INDIVIDUALS. THE UNIVERSITY CURRENTLY CONSISTS OF APPROXIMATELY 1,400 STUDENTS AND OFFERS MORE THAN 70 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. AS A CHRISTIAN UNIVERSITY, HUNTINGTON IS COMMITTED TO DEVELOPING THE WHOLE PERSON ASSISTING STUDENTS WITH UNDERSTANDING ALL AREAS OF HUMAN KNOWLEDGE FROM THE PERSPECTIVE OF A CHRISTIAN WORLDVIEW, AND PREPARING THEM TO IMPACT THEIR WORLD FOR CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherilyn Emberton President | Officer | 50 | $233,236 |
Jeanne Sowers Otd Program Director-Indiana | 50 | $147,709 | |
Evelyn Andersson Otd Program Director-Arizona | 50 | $144,548 | |
Stephen Weingart VP For Advancement | Officer | 50 | $124,336 |
Connie Bonner VP For Finance/treasurer | Officer | 50 | $123,665 |
Isaac Nathan Short Assoc Prf Occupational Therapy | 50 | $121,949 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fci Construction Contractor | 5/30/23 | $5,283,841 |
National Management Resources Custodial And Maint | 5/30/23 | $1,004,897 |
Sodexo Inc And Affiliates Food Service | 5/30/23 | $2,482,212 |
Clounie Landscaping Inc Construction | 5/30/23 | $414,832 |
Rich Roofing Systems Roofing | 5/30/23 | $560,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,865,150 |
| Investment income | $576,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $343,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,858,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,029,168 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $520,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,080,033 |
| Pension plan accruals and contributions | $505,937 |
| Other employee benefits | $3,402,466 |
| Payroll taxes | $868,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,742 |
| Fees for services: Accounting | $68,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,000 |
| Fees for services: Investment Management | $85,112 |
| Fees for services: Other | $2,223,603 |
| Advertising and promotion | $759,250 |
| Office expenses | $604,680 |
| Information technology | $969,067 |
| Royalties | $0 |
| Occupancy | $3,252,350 |
| Travel | $376,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181,860 |
| Interest | $531,499 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,857,352 |
| Insurance | $368,979 |
| All other expenses | $0 |
| Total functional expenses | $46,218,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,380 |
| Savings and temporary cash investments | $6,864,570 |
| Pledges and grants receivable | $636,519 |
| Accounts receivable, net | $2,002,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,031,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $526,010 |
| Investments—publicly traded securities | $30,334,522 |
| Investments—other securities | $2,008,643 |
| Investments—program-related | $3,499,908 |
| Intangible assets | $0 |
| Other assets | $6,434,653 |
| Total assets | $101,426,292 |
| Accounts payable and accrued expenses | $4,094,317 |
| Grants payable | $0 |
| Deferred revenue | $3,490,047 |
| Tax-exempt bond liabilities | $6,250,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,269,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,036,231 |
| Total liabilities | $29,139,726 |
| 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 | $72,286,566 |