Siena Heights University
- Assets
- $99.9m
- Revenue
- $61.9m
- Investments
- $0.0
- Employees
- 801
- Location
- Adrian, MI
- Founding
- 03/1994
- Data as of
- 06/2021
- EIN
- 38-1366958
Organization Overview
Siena Heights University is located in Adrian, MI. The organization was established in 1994. 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, Siena Heights University employed 801 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Siena Heights 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 06/2021, Siena Heights University generated $61.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $58.0m during the year ending 06/2021. While expenses have increased by 1.1% 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
TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION WITH THE PURPOSE OF ASSISTING PEOPLE IN BECOMING MORE COMPETENT, PURPOSEFUL AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIENA HEIGHTS UNIVERSITY IS A MICHIGAN PRIVATE NON-PROFIT CORPORATION FOR POSTSECONDARY EDUCATION. THE UNIVERSITY PROVIDES EDUCATION WITH A MAIN CAMPUS, SATELLITE CAMPUSES, AND ONLINE FOR BOTH TRADITIONAL AND NONTRADITIONAL STUDENTS OFFERING BACHELOR AND MASTER DEGREE PROGRAMS. THE MAIN CAMPUS ALSO OFFERS AUXILIARY SERVICES IN THE FORM OF HOUSING, MEAL PLANS, AND BOOKSTORE SERVICES. THE UNIVERSITY IS PRIMARILY SUPPORTED THROUGH TUITION, FEDERAL AND STATE GRANTS, AND CONTRIBUTIONS FOR OPERATIONS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Peg Albert Op PHD President | OfficerTrustee | 40 | $257,549 |
J Lee Johnson CPA PHD Treasurer/vp Of Finance | Officer | 40 | $164,779 |
Daniel Pena VP For Advancement | Officer | 40 | $127,948 |
Sharon Weber Op VP For Academic Affairs | Officer | 40 | $133,698 |
George Wolf VP For Enrollment | Officer | 40 | $122,095 |
Cheri Betz Dean Of Cps | 40 | $101,891 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Food Service Provider | 6/29/22 | $1,883,509 |
Krieghoff Lenawee Construction Construction Mgmt | 6/29/22 | $614,776 |
Eab Marketing | 6/29/22 | $411,929 |
Eddy Holdings Marketing - Admissions | 6/29/22 | $284,619 |
Plante & Moran Pllc Audit | 6/29/22 | $278,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,627,863 |
| Investment income | $1,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,585 |
| Net Gain/Loss on Asset Sales | $56,841 |
| Net Income from Fundraising Events | $1,199 |
| Net Income from Gaming Activities | $18,990 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,892,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $20,382,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $890,908 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $810,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,469,252 |
| Pension plan accruals and contributions | $406,111 |
| Other employee benefits | $3,468,025 |
| Payroll taxes | $1,092,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,334 |
| Fees for services: Accounting | $123,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,491 |
| Fees for services: Other | $4,430,844 |
| Advertising and promotion | $589,481 |
| Office expenses | $535,179 |
| Information technology | $157,673 |
| Royalties | $3,191 |
| Occupancy | $1,348,661 |
| Travel | $172,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $802,380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,273,422 |
| Insurance | $406,101 |
| All other expenses | $0 |
| Total functional expenses | $58,011,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,684,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,833,783 |
| Accounts receivable, net | $1,958,880 |
| 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 | $904,296 |
| Investments—publicly traded securities | $19,488,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,830 |
| Total assets | $99,863,448 |
| Accounts payable and accrued expenses | $5,079,582 |
| Grants payable | $0 |
| Deferred revenue | $1,336,984 |
| Tax-exempt bond liabilities | $20,166,824 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,145,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $573,616 |
| Total liabilities | $29,302,377 |
| 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 | $70,561,071 |