Maranatha Baptist University Inc
- Assets
- $23.4m
- Revenue
- $18.4m
- Investments
- $44.2k
- Employees
- 673
- Location
- Watertown, WI
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 39-1097032
Organization Overview
Maranatha Baptist University Inc is located in Watertown, WI. The organization was established in 1969. 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, Maranatha Baptist University Inc employed 673 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranatha Baptist 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 06/2022, Maranatha Baptist University Inc generated $18.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $17.6m during the year ending 06/2022. While expenses have increased by 1.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY TRAINS MEN AND WOMEN FOR EFFECTIVE GOSPEL MINISTRY IN THE LOCAL CHURCH THROUGH A HIGHER EDUCATIONAL PROGRAM OF BIBLICAL, GENERAL, AND PROFESSIONAL STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PROGRAM SERVICE ACTIVITY IS THE OPERATION OF A CHRISTIAN UNIVERSITY AND HIGH SCHOOL OVER 1,300 MAIN CAMPUS AND ONLINE STUDENTS. ALL ACTIVITIES ARE DIRECTLY RELATED TO THIS PURPOSE. THE UNIVERSITY PRINTS PROMOTIONAL MATERIALS, A COURSE CATALOG, AND TWO EDITIONS OF A MAGAZINE ANNUALLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Donald Donovan VP Business Affairs | Officer | 40 | $57,391 |
Dr Matthew Davis CEO | OfficerTrustee | 40 | $88,951 |
Dr Marty Marriott President | OfficerTrustee | 40 | $72,806 |
Dr Robert Loggans Secretary | Trustee | 2 | $2,528 |
Dr David Oliver Trustee | Trustee | 2 | $1,290 |
Dr Doug Jackson Chairman | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Inc Food Service | 6/29/22 | $717,426 |
Oliver Construction Company Contractor | 6/29/22 | $205,457 |
Cdw Government Inc Computers, Software | 6/29/22 | $166,171 |
Baseman Brothers Inc Contractor | 6/29/22 | $142,631 |
Fierce Strategy And Creative Llc Website | 6/29/22 | $136,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,738 |
| Related organizations | $0 |
| Government grants | $604,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,411,254 |
| Noncash contributions included in lines 1a–1f | $174,575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,058,640 |
| Total Program Service Revenue | $14,647,160 |
| Investment income | $143,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,741 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,420,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,437,030 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,208 |
| Compensation of current officers, directors, key employees. | $370,208 |
| Compensation to disqualified persons | $6,112,001 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,784,068 |
| Payroll taxes | $410,395 |
| Fees for services: Management | $600 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $63,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $154,081 |
| Office expenses | $0 |
| Information technology | $436,676 |
| Royalties | $0 |
| Occupancy | $693,496 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $998,473 |
| Insurance | $0 |
| All other expenses | $1,287,894 |
| Total functional expenses | $17,579,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,065,338 |
| Savings and temporary cash investments | $167,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,940 |
| Prepaid expenses and deferred charges | $139,221 |
| Net Land, buildings, and equipment | $15,769,590 |
| Investments—publicly traded securities | $3,345,274 |
| Investments—other securities | $44,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,734,524 |
| Total assets | $23,386,900 |
| Accounts payable and accrued expenses | $192,523 |
| Grants payable | $0 |
| Deferred revenue | $76,058 |
| 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 | $4,483,229 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,059,567 |
| Total liabilities | $5,811,377 |
| Net assets without donor restrictions | $15,327,393 |
| Net assets with donor restrictions | $2,248,130 |
| 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 | $23,386,900 |