Elmhurst University
- Assets
- $261.7m
- Revenue
- $145.0m
- Investments
- $154.1m
- Employees
- 1,703
- Location
- Elmhurst, IL
- Founding
- 08/1971
- Data as of
- 06/2022
- EIN
- 36-2169145
Organization Overview
Elmhurst University is located in Elmhurst, IL. The organization was established in 1971. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Elmhurst University employed 1,703 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmhurst 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 06/2022, Elmhurst University generated $145.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $130.8m during the year ending 06/2022. While expenses have increased by 1.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELMHURST UNIVERSITY INSPIRES INTELLECTUAL AND PERSONAL GROWTH IN OUR (CONTINUED IN SCHEDULE O)STUDENTS, PREPARING THEM FOR MEANINGFUL AND ETHICAL CONTRIBUTIONS TO A DIVERSE, GLOBAL SOCIETY.FORM 990, PART V, LINE 1A:THE TOTAL ON THIS LINE DOES NOT INCLUDE 4,418 FORM 1098-T'S, WHICH THE UNIVERSITY IS REQUIRED TO FILE WITH THE IRS AND PROVIDE TO ITS U.S. PERSON STUDENTS.
Describe the Organization's Program Activity:
INSTRUCTION - ELMHURST UNIVERSITY PROVIDES POST-SECONDARY EDUCATION THROUGH APPROXIMATELY 30 ACADEMIC DEPARTMENTS AND OFFERS MORE THAN 70 MAJORS IN EDUCATION, 18 MASTER'S DEGREE PROGRAMS AND 15 PRE-PROFESSIONAL PROGRAMS. IN ADDITION, THE ELMHURST LEARNING AND SUCCESS ACADEMY OFFERS A NON-DEGREE PROGRAM FOR YOUNG ADULTS WITH LEARNING, INTELLECTUAL, COGNITIVE, PHYSICAL, AND/OR SENSORY DISABILITIES.SCHOLARSHIPS AND GRANTS - WE ASSIST OUR STUDENTS WITH A COMPREHENSIVE RANGE OF FINANCIAL AID PROGRAMS, INCLUDING INSTITUTIONAL MERIT-BASED SCHOLARSHIPS, INSTITUTIONAL AND GOVERNMENTAL NEED-BASED GRANTS. APPROXIMATELY 93% OF THE FULL TIME UNDERGRADUATE STUDENTS WHO ENTERED UNIVERSITY IN THE FALL RECEIVED SUCH SCHOLARSHIPS AND GRANTS.
STUDENT SERVICES - INCLUDES STUDENT AFFAIRS, ADMISSIONS, REGISTRAR, FINANCIAL AID COUNSELING, SOCIAL AND CULTURAL DEVELOPMENT, WELLNESS CENTER, AND ATHLETICS. STUDENT LIFE AT ELMHURST IS ACTIVE AND CREATIVE ALLOWING STUDENTS TO GET INVOLVED IN DIVERSE AREAS INCLUDING STUDENT GOVERNMENT, 'THE LEADER' STUDENT NEWSPAPER, BLACK STUDENT UNION, HABITAT FOR HUMANITY, SAGE (STRAIGHTS AND GAYS FOR EQUALITY), H.A.B.L.A.M.O.S. (A LATINO STUDENT ORGANIZATION), MODEL UN, WRSE RADIO STATION, AND MANY OTHER GROUPS AS WELL AS INTERCOLLEGIATE SPORTS AND INTRAMURAL ACTIVITIES.
ACADEMIC SUPPORT - ACADEMIC DEAN, LIBRARY SERVICES, ACADEMIC ADVISING AND ACADEMIC COMPUTING ARE INCLUDED IN ACADEMIC SUPPORT. THE A.C. BUEHLER LIBRARY PROVIDES MANY TECHNOLOGICALLY ADVANCED SERVICES FOR INSTRUCTIONAL AND INFORMATIONAL RESEARCH, OR FOR PERSONAL ENJOYMENT WITH WIRELESS ACCESS THROUGHOUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Troy D Vanaken President | OfficerTrustee | 50 | $533,564 |
Judith A Paice Trustee | Trustee | 2 | $0 |
Julie Curran Trustee | Trustee | 2 | $0 |
Julius Wesley Becton III Trustee | Trustee | 2 | $0 |
Kent T Dahlgren Trustee | Trustee | 2 | $0 |
L Bernard Jakes Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Antartic Mechanical Services Inc Construction Services | 6/29/22 | $7,390,197 |
Keypath Education Llc Education Services | 6/29/22 | $1,119,181 |
Compass Group Usa Inc Food Services | 6/29/22 | $4,166,267 |
Professional Paving Construction Services | 6/29/22 | $1,235,426 |
Christopher B Burke Engineering Construction Services | 6/29/22 | $971,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,535,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,620,167 |
| Noncash contributions included in lines 1a–1f | $3,914,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,156,148 |
| Total Program Service Revenue | $121,248,491 |
| Investment income | $45,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,540 |
| Net Gain/Loss on Asset Sales | $6,108,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,021,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,743,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $74,444 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,202,914 |
| Compensation of current officers, directors, key employees. | $288,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,684,914 |
| Pension plan accruals and contributions | $1,784,327 |
| Other employee benefits | $4,946,960 |
| Payroll taxes | $2,454,948 |
| Fees for services: Management | $43,818 |
| Fees for services: Legal | $33,725 |
| Fees for services: Accounting | $176,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,534 |
| Fees for services: Other | $5,661,998 |
| Advertising and promotion | $1,745,522 |
| Office expenses | $3,158,000 |
| Information technology | $1,389,295 |
| Royalties | $1,909 |
| Occupancy | $2,549,633 |
| Travel | $2,070,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,632,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,451,175 |
| Insurance | $845,331 |
| All other expenses | $1,064,391 |
| Total functional expenses | $130,772,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,082,682 |
| Savings and temporary cash investments | $28,411,315 |
| Pledges and grants receivable | $4,728,505 |
| Accounts receivable, net | $2,686,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,544,782 |
| Net Land, buildings, and equipment | $67,791,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $154,066,157 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $424,280 |
| Total assets | $261,735,880 |
| Accounts payable and accrued expenses | $7,564,361 |
| Grants payable | $0 |
| Deferred revenue | $2,173,604 |
| Tax-exempt bond liabilities | $51,998,791 |
| 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 | $11,646,875 |
| Total liabilities | $73,383,631 |
| Net assets without donor restrictions | $105,730,831 |
| Net assets with donor restrictions | $82,621,418 |
| 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 | $261,735,880 |