Northwestern Health Sciences University
- Assets
- $37.7m
- Revenue
- $34.3m
- Investments
- $93.3k
- Employees
- 571
- Location
- Bloomington, MN
- Founding
- 07/1950
- Data as of
- 08/2023
- EIN
- 41-0684657
Organization Overview
Northwestern Health Sciences University is located in Bloomington, MN. The organization was established in 1950. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 08/2023, Northwestern Health Sciences University employed 571 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern Health Sciences 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 08/2023, Northwestern Health Sciences University generated $34.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $34.5m during the year ending 08/2023. While expenses have increased by 3.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE PROFESSIONALS AND LEADERS TO BECOME CONTRIBUTORS TO THE ADVANCEMENT OF HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE PROGRAM - THE UNIVERSITY'S ACCREDITED CHIROPRACTIC, ACUPUNCTURE & CHINESE MEDICINE, MASSAGE THERAPY, NUTRITION AND UNDERGRADUATE PROGRAMS PROVIDE INSTRUCTION AND CLINICAL EXPERIENCE TO STUDENTS, LEADING TO A DEGREE AND/OR PROFESSIONAL CERTIFICATE.FALL 2022 ENROLLMENT PER PROGRAM (NUMBER OF STUDENTS):CHIROPRACTIC - 569; ACUPUNCTURE AND CHINESE MEDICINE - 95; MASSAGE THERAPY - 65; NUTRITION - 22 UNDERGRADUATE - 156, ALLIED HEALTH - 124.
CLINICAL - THE CLINICS PROVIDE CHIROPRACTIC, ACUPUNCTURE, MASSAGE THERAPY AND PHYSICAL THERAPY TREATMENTS TO STUDENTS, EMPLOYEES AND THE PUBLIC. STUDENTS OBTAIN EXPERIENCE THROUGH CLINICAL SERVICE. THE UNIVERSITY ALSO PROVIDES THESE SERVICES AT SEVERAL COMMUNITY CLINICS.NUMBER OF STUDENTS IN THE ON-SITE CLINICS - 710NUMBER OF PATIENT VISITS - 42,972
AUXILIARY - THE BOOKSTORE'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL MATERIALS FOR STUDENTS, BUT IS OPEN TO THE GENERAL PUBLIC AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Bushway President | OfficerTrustee | 40 | $316,604 |
Michael Tennison VP Clinic Administration | 40 | $196,313 | |
Kimberly Pearce Chief Academic Officer | 40 | $155,892 | |
Cory Miller VP Of Information Technology | 40 | $154,046 | |
Mary Gale VP Of Hr | 40 | $141,679 | |
Kathleen Hagens VP Of Marketing | 40 | $157,716 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diversified Construction Midwest Inc Construction | 8/30/23 | $179,094 |
Corporate Chefs Catering | 8/30/23 | $242,068 |
Sever Construction Company Construction | 8/30/23 | $150,895 |
Pinnacle Roofing Systems Construction | 8/30/23 | $148,037 |
Roshe 2 Inc Cleaning Services | 8/30/23 | $150,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,866,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,337,677 |
| Total Program Service Revenue | $27,741,680 |
| Investment income | $439,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $172,872 |
| Net Income from Fundraising Events | $6,423 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $576,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,274,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,989 |
| Grants and other assistance to domestic individuals. | $1,741,881 |
| Grants and other assistance to Foreign Orgs/Individuals | $579,671 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $632,670 |
| Compensation of current officers, directors, key employees. | $632,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,914,595 |
| Pension plan accruals and contributions | $561,944 |
| Other employee benefits | $2,304,124 |
| Payroll taxes | $1,270,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,415 |
| Fees for services: Accounting | $114,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,531 |
| Fees for services: Other | $2,177,977 |
| Advertising and promotion | $802,218 |
| Office expenses | $1,143,562 |
| Information technology | $1,871,544 |
| Royalties | $131,258 |
| Occupancy | $1,846,576 |
| Travel | $149,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392,566 |
| Interest | $252,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,507,177 |
| Insurance | $362,402 |
| All other expenses | $2,188 |
| Total functional expenses | $34,457,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,964,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,893 |
| Accounts receivable, net | $3,320,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $500,900 |
| Prepaid expenses and deferred charges | $633,728 |
| Net Land, buildings, and equipment | $16,762,315 |
| Investments—publicly traded securities | $12,347,014 |
| Investments—other securities | $93,261 |
| Investments—program-related | $791,442 |
| Intangible assets | $0 |
| Other assets | $110,365 |
| Total assets | $37,724,508 |
| Accounts payable and accrued expenses | $2,275,604 |
| Grants payable | $0 |
| Deferred revenue | $226,571 |
| 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 | $7,769,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,739,154 |
| Total liabilities | $12,010,889 |
| Net assets without donor restrictions | $21,273,011 |
| Net assets with donor restrictions | $4,440,608 |
| 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 | $37,724,508 |