Manchester University Inc
- Assets
- $178.3m
- Revenue
- $72.5m
- Investments
- $26.9m
- Employees
- 743
- Location
- North Manchester, IN
- Founding
- 01/1949
- Data as of
- 06/2021
- EIN
- 35-0868127
Organization Overview
Manchester University Inc is located in North Manchester, IN. The organization was established in 1949. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Manchester University Inc employed 743 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester 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 06/2021, Manchester University Inc generated $72.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $70.1m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 7 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
MANCHESTER UNIVERSITY RESPECTS THE INFINITE WORTH OF EVERY INDIVIDUAL AND GRADUATES PERSONS OF ABILITY AND CONVICTION WHO DRAW UPON THEIR EDUCATION AND FAITH TO LEAD PRINCIPLED, PRODUCTIVE, AND COMPASSIONATE LIVES THAT IMPROVE THE HUMAN CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANCHESTER UNIVERSITY OFFERS MORE THAN 70 AREAS OF UNDERGRADUATE STUDY, THREE MASTER'S PROGRAMS (ACCOUNTANCY, ATHLETIC TRAINING AND PHARMACOGENOMICS), A PROFESSIONAL DOCTORATE IN PHARMACY TO ABOUT 1,200 STUDENTS FROM 25 STATES AND 6 COUNTRIES. THE INDEPENDENT, LIBERAL ARTS SCHOOL IS LOCATED IN NORTH MANCHESTER, IND., WHERE 73 PERCENT OF THE STUDENTS LIVE ON THE 120-ACRE CAMPUS. OUR FOUR-YEAR DOCTOR OF PHARMACY PROGRAM, AS WELL AS THE ATHLETIC TRAINING AND PHARMACOGENOMICS MASTER'S PROGRAMS, ARE ON A FORT WAYNE, IND., CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcfadden President | Officer | 60 | $343,366 |
Clair Knapp Treasurer/vp For Finance & Cbo | Officer | 55 | $211,413 |
Walter Smith Dean For Pharmacy Program & Professor Of Pharmaceutical Sciences | Officer | 52 | $210,317 |
Lea Johnson VP For Health Science Initiatives | Officer | 65 | $245,456 |
Celia Cook-Huffman VP Academic Affairs | Officer | 55 | $198,814 |
Raylene Rospond Assoc Dean Of Clinical Affairs & Outreach/professor | 40 | $199,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Management Inc Student Dining Services | 6/29/23 | $3,380,944 |
Amor Excavating Inc Demolition Contractor | 6/29/23 | $457,500 |
Cme Corporation Construction Contractor | 6/29/23 | $385,414 |
Baxter Hodell Donnelly Preston Contractor | 6/29/23 | $289,526 |
Adcellerant Llc Dba Techintlab Marketing Services | 6/29/23 | $414,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,107,853 |
| Investment income | $1,511,081 |
| Tax Exempt Bond Proceeds | $62 |
| Royalties | $0 |
| Net Rental Income | $2,720 |
| Net Gain/Loss on Asset Sales | $789,764 |
| Net Income from Fundraising Events | -$3,668 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$52,703 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,481,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $28,280,548 |
| Grants and other assistance to Foreign Orgs/Individuals | $381,173 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,931,469 |
| Compensation to disqualified persons | $47,285 |
| Other salaries and wages | $17,213,506 |
| Pension plan accruals and contributions | $962,907 |
| Other employee benefits | $3,249,090 |
| Payroll taxes | $1,390,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,450 |
| Fees for services: Accounting | $64,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,969 |
| Fees for services: Investment Management | $294,360 |
| Fees for services: Other | $1,490,852 |
| Advertising and promotion | $583,304 |
| Office expenses | $760,764 |
| Information technology | $1,628,172 |
| Royalties | $0 |
| Occupancy | $1,492,616 |
| Travel | $267,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211 |
| Interest | $695,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,502,107 |
| Insurance | $126,641 |
| All other expenses | $0 |
| Total functional expenses | $70,104,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,995 |
| Savings and temporary cash investments | $7,080,683 |
| Pledges and grants receivable | $2,075,191 |
| Accounts receivable, net | $1,471,315 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $539,770 |
| Inventories for sale or use | $229,774 |
| Prepaid expenses and deferred charges | $251,423 |
| Investments—publicly traded securities | $64,292,631 |
| Investments—other securities | $26,947,583 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,844 |
| Total assets | $178,328,916 |
| Accounts payable and accrued expenses | $2,815,637 |
| Grants payable | $0 |
| Deferred revenue | $7,576,969 |
| Tax-exempt bond liabilities | $16,668,959 |
| 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 | $3,454,938 |
| Total liabilities | $30,516,503 |
| 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 | $147,812,413 |
Grants Awarded
Over the last fiscal year, Manchester University Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST INDIANA REGIONAL PARTNERSHIP PURPOSE: Support Northeast Indiana Regional Partnership | $10,000 |
NORTH MANCHESTER SYMPHONY SOCIETY INC PURPOSE: Support Manchester Symphony Orchestra | $100,000 |