Trustees Of The Hamline University Of Minnesota
- Assets
- $258.2m
- Revenue
- $118.4m
- Investments
- $2.7m
- Employees
- 1,535
- Location
- St Paul, MN
- Founding
- 02/1936
- Data as of
- 06/2021
- EIN
- 41-0693960
Organization Overview
Trustees Of The Hamline University Of Minnesota, operating under the name Hamline University, is located in St Paul, MN. The organization was established in 1936. 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, Hamline University employed 1,535 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamline 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, Hamline University generated $118.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $110.0m during the year ending 06/2021. 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
AT HAMLINE, OUR MISSION IS TO CREATE A DIVERSE AND COLLABORATIVE COMMUNITY OF LEARNERS DEDICATED TO THE DEVELOPMENT OF STUDENTS' KNOWLEDGE, VALUES, AND SKILLS FOR SUCCESSFUL LIVES OF LEADERSHIP, SCHOLARSHIP, AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMLINE UNIVERSITY IS A NATIONALLY-RANKED, COMPREHENSIVE UNIVERSITY SERVING NEARLY 2,900 STUDENTS IN ITS COLLEGE OF LIBERAL ARTS, SCHOOL OF EDUCATION, AND SCHOOL OF BUSINESS. IT OFFERS UNDERGRADUATE, MASTERS, DOCTORAL AND PROFESSIONAL DEGREES, AS WELL AS CERTIFICATE AND CONTINUING STUDIES PROGRAMS. FOUNDED IN 1854, HAMLINE UNIVERSITY WAS THE FIRST INSTITUTION OF HIGHER LEARNING IN MINNESOTA. THE UNIVERSITY HAS ESTABLISHED A NATIONAL REPUTATION FOR ACADEMIC QUALITY, AS WELL AS PROVIDING STUDENTS WITH PERSONAL ATTENTION AND HIGH-IMPACT LEARNING EXPERIENCES. HAMLINE IS ONE OF JUST 290 PHI BETA KAPPA INSTITUTIONS IN THE UNITED STATES. AMONG COMPREHENSIVE UNIVERSITIES, U.S. NEWS AND WORLD REPORT RANKS HAMLINE AS ONE OF THE TOP-RANKED MINNESOTA UNIVERSITIES IN ITS CATEGORY OF BEST REGIONAL UNIVERSITIES.
HAMLINE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO ITS STUDENTS THROUGH SUPPORT SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF INSTRUCTION. THIS INCLUDES EXPENSES FOR LIBRARIES, GALLERIES, AUDIO/VISUAL SERVICES, ACADEMIC DEVELOPMENT, ACADEMIC COMPUTING SUPPORT, COURSE AND CURRICULUM DEVELOPMENT, AND ACADEMIC ADMINISTRATION. THE REVENUE INCLUDES CONTRACTS.
HAMLINE UNIVERSITY PROVIDES STUDENT SERVICES TO ITS STUDENTS AND INCLUDES SUCH EXPENSES AS ADMISSIONS, FINANCIAL AID, ADMINISTRATION, REGISTRAR ACTIVITIES, AND ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fayneese Miller President | OfficerTrustee | 40 | $533,641 |
Brenda Edmondson Heim '77 Chair | OfficerTrustee | 4 | $0 |
Ellen E Watters Vice Chair | OfficerTrustee | 2 | $0 |
Roberta Saunders Secetary | OfficerTrustee | 2 | $0 |
Chad R Bester '02 Treasurer | OfficerTrustee | 2 | $0 |
Paul Ablan '82 Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marsden Bldg Maint Llc Janitorial Services | 6/29/22 | $2,096,412 |
Aramark Corporation Food Service | 6/29/22 | $1,993,421 |
Eab Research | 6/29/22 | $1,710,161 |
Accenture Llp Consulting | 6/29/22 | $1,700,712 |
Marco Inc Copy/print Services | 6/29/22 | $446,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,127,939 |
| Investment income | $2,108,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $158,096 |
| Net Gain/Loss on Asset Sales | $6,912,691 |
| Net Income from Fundraising Events | -$2,674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,393,171 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,390,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $40,531,097 |
| Grants and other assistance to Foreign Orgs/Individuals | $252,125 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $791,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,674,158 |
| Pension plan accruals and contributions | $1,825,889 |
| Other employee benefits | $4,605,989 |
| Payroll taxes | $2,013,595 |
| Fees for services: Management | $1,158,378 |
| Fees for services: Legal | $79,702 |
| Fees for services: Accounting | $72,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,886 |
| Fees for services: Investment Management | $535,295 |
| Fees for services: Other | $3,278,082 |
| Advertising and promotion | $1,569,956 |
| Office expenses | $3,106,524 |
| Information technology | $3,297,230 |
| Royalties | $0 |
| Occupancy | $5,654,294 |
| Travel | $410,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $472,111 |
| Interest | $1,866,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,119,422 |
| Insurance | $800,459 |
| All other expenses | $0 |
| Total functional expenses | $109,964,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,456,247 |
| Pledges and grants receivable | $3,484,519 |
| Accounts receivable, net | $5,553,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,882 |
| Prepaid expenses and deferred charges | $8,049,254 |
| Investments—publicly traded securities | $133,109,614 |
| Investments—other securities | $2,740,774 |
| Investments—program-related | $2,747,396 |
| Intangible assets | $0 |
| Other assets | $5,641,659 |
| Total assets | $258,196,075 |
| Accounts payable and accrued expenses | $5,720,982 |
| Grants payable | $2,911,194 |
| Deferred revenue | $2,318,694 |
| Tax-exempt bond liabilities | $45,858,618 |
| 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 | $3,855,509 |
| Total liabilities | $60,664,997 |
| 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 | $197,531,078 |
Grants Awarded
Over the last fiscal year, Trustees Of The Hamline University Of Minnesota has awarded $40,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LRAP PURPOSE: General support | $8,000 |
MN JUSTICE FOUNDATION PURPOSE: Public service program | $12,500 |
HAMLINE MIDWAY COALITION PURPOSE: General support | $20,000 |