Rochester University
- Assets
- $30.3m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 381
- Location
- Rochester Hills, MI
- Founding
- 09/1963
- Data as of
- 05/2022
- EIN
- 38-1619831
Organization Overview
Rochester University is located in Rochester Hills, MI. The organization was established in 1963. 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, Rochester University employed 381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester 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 05/2022, Rochester University generated $26.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $24.2m during the year ending 05/2022. While expenses have increased by 4.0% 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
EDUCATIONTHE MISSION OF ROCHESTER UNIVERSITY IS TO PREPARE STUDENTS FOR PROFESSIONAL AND PERSONAL SUCCESS AS THEY SERVE IN GODS WORLD
Describe the Organization's Program Activity:
ROCHESTER UNIVERSITY CULTIVATES ACADEMIC EXCELLENCE, PRINCIPLED CHARACTER, SERVANT LEADERSHIP, AND GLOBAL AWARENESS THROUGH A RIGOROUS EDUCATIONAL EXPERIENCE THAT INTEGRATES LIBERAL ARTS AND PROFESSIONAL STUDIES WITHIN AN INCLUSIVE CHRISTIAN HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Stogner President | Officer | 50 | $212,076 |
Thomas Rellinger Executive VP Of Rochester Col | Officer | 50 | $132,945 |
Remy Bruder Provost | Officer | 50 | $120,290 |
Scott Samuels VP Enrollment | Officer | 50 | $115,644 |
Steve Moore VP - Development & Alumni | Officer | 50 | $110,879 |
Klint Pleasant Sr VP - Athletic Director | Officer | 50 | $85,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,555 |
| Related organizations | $0 |
| Government grants | $5,735,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,249,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,136,576 |
| Total Program Service Revenue | $19,450,063 |
| Investment income | $118,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,251 |
| Net Gain/Loss on Asset Sales | -$90,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,657,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,278,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $777,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,000,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $637,532 |
| Payroll taxes | $512,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,415 |
| Fees for services: Accounting | $62,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $320,770 |
| Advertising and promotion | $98,540 |
| Office expenses | $718,415 |
| Information technology | $12,292 |
| Royalties | $0 |
| Occupancy | $341,217 |
| Travel | $289,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,701 |
| Interest | $866,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,112,583 |
| Insurance | $425,883 |
| All other expenses | $1,233,663 |
| Total functional expenses | $24,190,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,110,492 |
| Savings and temporary cash investments | $805,107 |
| Pledges and grants receivable | $517,683 |
| Accounts receivable, net | $2,889,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,454 |
| Prepaid expenses and deferred charges | $352,904 |
| Net Land, buildings, and equipment | $20,598,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,295,150 |
| Accounts payable and accrued expenses | $492,015 |
| Grants payable | $0 |
| Deferred revenue | $543,137 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,115,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $596,408 |
| Total liabilities | $22,746,691 |
| Net assets without donor restrictions | $7,548,459 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,295,150 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Rochester University has recieved totaling $126,033.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Rochester Rochester, MI PURPOSE: OPERATIONS | $74,531 |
Bryan Christian Services Inc Lake Orion, MI PURPOSE: OPERATIONS | $25,300 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $19,265 |
The@john And Rosemary Brown Family Foundation Atlanta, GA PURPOSE: GENERAL | $5,000 |
Christian Services Foundation Florence, AL PURPOSE: GENERAL FUND | $1,000 |
Pella Rolscreen Foundation Pella, IA PURPOSE: GENERAL OPERATIONS | $750 |
Endowment Analysis
| Beg. Balance | $2,932,451 |
| Earnings | $13,369 |
| Net Contributions | $10,920 |
| Ending Balance | $2,956,740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Ohio Dominican University Columbus, OH | $77,838,919 | $50,128,137 |
Notre Dame College South Euclid, OH | $47,555,171 | $48,168,719 |
Wisconsin Lutheran College Milwaukee, WI | $138,651,339 | $53,572,867 |
Goshen College Inc Goshen, IN | $212,121,347 | $46,777,772 |
Huntington University Inc Huntington, IN | $88,113,397 | $42,138,482 |
University Of Northwestern Ohio Lima, OH | $114,514,487 | $54,604,805 |
Hiram College Hiram, OH | $148,255,931 | $41,168,029 |
Malone University Canton, OH | $68,667,237 | $44,894,843 |
Wilmington College Wilmington, OH | $137,983,559 | $72,527,709 |
Marian University Inc Fond Du Lac, WI | $61,790,484 | $55,352,296 |
Lourdes University Sylvania, OH | $53,479,369 | $38,568,950 |