Huntington University Inc
- Assets
- $88.1m
- Revenue
- $42.1m
- Investments
- $1.8m
- Employees
- 944
- Location
- Huntington, IN
- Founding
- 05/1945
- Data as of
- 05/2020
- 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 05/2022, Huntington University Inc employed 944 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 05/2020, Huntington University Inc generated $42.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $44.4m during the year ending 05/2020. While expenses have increased by 2.8% 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
2020
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 | $313,098 |
Evelyn Andersson Otd Program Director-Arizona | 50 | $139,980 | |
Jeanne Sowers Otd Program Director-Indiana | 50 | $130,099 | |
Isaac Nathan Short Assoc Prf Occupational Therapy | 50 | $127,002 | |
Stephen Weingart VP For Advancement | Officer | 50 | $118,396 |
Russell Degitz Chief Operating Officer | 50 | $106,543 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clounie Landscaping Inc Landcaping/construct | 5/30/22 | $856,725 |
Sodexo Inc And Affiliates Food Service | 5/30/22 | $2,130,508 |
National Management Resources Custodial And Maint | 5/30/22 | $985,935 |
Rich Roofing Systems Roofing | 5/30/22 | $414,742 |
Bischoff Plumbing Heating Cooli Maintenance | 5/30/22 | $283,109 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,575,095 |
| Investment income | $696,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $539,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,138,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $11,475,478 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $498,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,577,822 |
| Pension plan accruals and contributions | $492,343 |
| Other employee benefits | $3,314,447 |
| Payroll taxes | $853,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,145 |
| Fees for services: Accounting | $67,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,493 |
| Fees for services: Investment Management | $81,906 |
| Fees for services: Other | $2,480,244 |
| Advertising and promotion | $588,273 |
| Office expenses | $492,677 |
| Information technology | $917,869 |
| Royalties | $0 |
| Occupancy | $3,105,623 |
| Travel | $607,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $266,313 |
| Interest | $520,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,767,486 |
| Insurance | $606,957 |
| All other expenses | $0 |
| Total functional expenses | $44,408,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,380 |
| Savings and temporary cash investments | $5,364,078 |
| Pledges and grants receivable | $1,119,920 |
| Accounts receivable, net | $2,253,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,087,212 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,068,084 |
| Investments—publicly traded securities | $25,723,291 |
| Investments—other securities | $1,808,462 |
| Investments—program-related | $3,499,908 |
| Intangible assets | $0 |
| Other assets | $1,009,739 |
| Total assets | $88,113,397 |
| Accounts payable and accrued expenses | $3,465,357 |
| Grants payable | $0 |
| Deferred revenue | $5,659,577 |
| Tax-exempt bond liabilities | $6,550,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,793,902 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,442,053 |
| Total liabilities | $24,910,889 |
| 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 | $63,202,508 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Huntington University Inc has recieved totaling $54,018.
| Awarding Organization | Amount |
|---|---|
Huntington County Community Foundation Inc Huntington, IN PURPOSE: OPERATING SUPPORT | $49,368 |
Matthew 28 18-20 Charitable Foundation South Bend, IN PURPOSE: GENERAL SUPPORT | $4,150 |
Niccum Educational Trust Foundation First National Bank Of Goshen Ttee Greenfield, IN PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $35,229,778 |
| Earnings | -$1,664,621 |
| Net Contributions | $394,037 |
| Grants | $1,941,965 |
| Ending Balance | $32,017,229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |