Grand View University
- Assets
- $119.7m
- Revenue
- $68.9m
- Investments
- $9.0m
- Employees
- 914
- Location
- Des Moines, IA
- Founding
- 09/1939
- Data as of
- 06/2022
- EIN
- 42-0681049
Organization Overview
Grand View University is located in Des Moines, IA. The organization was established in 1939. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Grand View University employed 914 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand View 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 06/2022, Grand View University generated $68.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $62.9m during the year ending 06/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGES, EQUIPS AND EMPOWERS STUDENTS TO FULFILL THEIR INDIVIDUAL POTENTIAL AND SERVE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 1,900 FULL AND PART TIME STUDENTS, INCLUDING A GRADUATE AND WORKING ADULT POPULATION.
SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES WERE PROVIDED TO MORE THAN 1,600 STUDENTS.
STUDENT SERVICES AVAILABLE TO STUDENTS INCLUDING ACADEMIC AND OTHER COUNSELING SERVICES, CAREER DEVELOPMENT, UNIVERSITY PASTOR, INTERCOLLEGIATE ATHLETICS AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachelle Keck Trustee & President (eff July 2022) | OfficerTrustee | 40 | $176,005 |
Christian M Murray Trustee & Chair (eff July 2022) | OfficerTrustee | 1 | $0 |
Anita Norian Trustee & Vice Chair | OfficerTrustee | 1 | $0 |
Mike Mccoy Trustee & Secretary | OfficerTrustee | 1 | $0 |
David Stark Trustee & Treasurer (eff July 2022) | OfficerTrustee | 1 | $0 |
Chris Littlefield Chair (thru July 2022) & Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Higher Education Food Service | 6/29/23 | $1,979,273 |
Fbg Service Custodial | 6/29/23 | $518,023 |
Baker Group Electrical | 6/29/23 | $386,307 |
Arrow Stage Lines Transportation | 6/29/23 | $324,437 |
Per Mar Security Services Security | 6/29/23 | $310,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,658,334 |
| Investment income | $564,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $192,624 |
| Net Gain/Loss on Asset Sales | $831,834 |
| Net Income from Fundraising Events | $12,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $185,132 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,864,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $23,913,601 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,647,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,239,419 |
| Pension plan accruals and contributions | $915,236 |
| Other employee benefits | $2,115,137 |
| Payroll taxes | $1,191,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,322 |
| Fees for services: Accounting | $70,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,158 |
| Fees for services: Other | $2,157,945 |
| Advertising and promotion | $369,487 |
| Office expenses | $571,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,313,034 |
| Travel | $1,526,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $417,807 |
| Interest | $1,468,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,452,159 |
| Insurance | $370,748 |
| All other expenses | $0 |
| Total functional expenses | $62,857,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,426,220 |
| Savings and temporary cash investments | $1,278,623 |
| Pledges and grants receivable | $508,568 |
| Accounts receivable, net | $760,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $251,046 |
| Prepaid expenses and deferred charges | $715,947 |
| Investments—publicly traded securities | $23,239,138 |
| Investments—other securities | $9,037,162 |
| Investments—program-related | $308,679 |
| Intangible assets | $0 |
| Other assets | $2,326,926 |
| Total assets | $119,724,601 |
| Accounts payable and accrued expenses | $6,628,159 |
| Grants payable | $0 |
| Deferred revenue | $1,571,867 |
| Tax-exempt bond liabilities | $37,672,811 |
| 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 | $817,990 |
| Total liabilities | $46,690,827 |
| Net assets without donor restrictions | $42,203,167 |
| Net assets with donor restrictions | $30,830,607 |
| 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 | $73,033,774 |