Central Methodist University
- Assets
- $161.1m
- Revenue
- $65.8m
- Investments
- $29.6m
- Employees
- 953
- Location
- Fayette, MO
- Founding
- 07/1976
- Data as of
- 06/2021
- EIN
- 43-0654854
Organization Overview
Central Methodist University is located in Fayette, MO. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Central Methodist University employed 953 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Methodist 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, Central Methodist University generated $65.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $53.5m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL METHODIST UNIVERSITY FOSTERS A DIVERSE AND CARING COMMUNITY, EMPOWERING STUDENTS TO BECOME LIFELONG LEARNERS, COMMITTED TO ACADEMIC EXCELLENCE, PREPARED TO ENGAGE IN A COMPLEX WORLD.
Describe the Organization's Program Activity:
SCHOLARSHIP PROGRAMS AND STUDENT FINANCIAL ASSISTANCE - SCHOLARSHIPS ARE AWARDED TO OVER 90% OF FULL-TIME STUDENTS
HIGHER EDUCATION STUDENT SERVICES FOR ACTIVITIES THAT CONTRIBUTE TO THE STUDENT EXPERIENCE
HIGHER EDUCATION INSTRUCTION AND RESEARCH EXPENDITURES TO OPERATE INSTITUTION FOR OVER 3,800 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Drake President/trustee | OfficerTrustee | 40 | $305,001 |
Rita Gulstad Provost | Officer | 40 | $278,489 |
Joe Parisi Administrator | Officer | 40 | $170,199 |
Julee Sherman VP For Finance & Administr | Officer | 40 | $169,795 |
Chad Gaines Administrator | 40 | $163,995 | |
Stephanie Brink Administrator | 40 | $156,206 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresh Ideas Food Service | 6/29/21 | $1,524,229 |
Jenzabar Software | 6/29/21 | $311,276 |
Apple Computer Information Technology | 6/29/21 | $257,960 |
Hager Construction Construction | 6/29/21 | $251,264 |
Questec Heating And Cooling | 6/29/21 | $224,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,319,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,615,601 |
| Noncash contributions included in lines 1a–1f | $190,416 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,935,267 |
| Total Program Service Revenue | $48,460,897 |
| Investment income | $1,733,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,811 |
| Net Gain/Loss on Asset Sales | -$3,842 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,752,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,556,976 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,041,522 |
| Compensation of current officers, directors, key employees. | $348,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,867,140 |
| Pension plan accruals and contributions | $895,780 |
| Other employee benefits | $2,087,188 |
| Payroll taxes | $1,200,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,071 |
| Fees for services: Accounting | $84,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,178 |
| Fees for services: Other | $79,147 |
| Advertising and promotion | $583,084 |
| Office expenses | $710,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,642,032 |
| Travel | $1,090,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,657,794 |
| Insurance | $402,938 |
| All other expenses | $177,135 |
| Total functional expenses | $53,470,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,148,182 |
| Pledges and grants receivable | $3,507,232 |
| Accounts receivable, net | $702,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $207,818 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,475,243 |
| Investments—publicly traded securities | $43,576,902 |
| Investments—other securities | $29,615,736 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,894,778 |
| Total assets | $161,128,391 |
| Accounts payable and accrued expenses | $2,194,674 |
| Grants payable | $0 |
| Deferred revenue | $3,268,055 |
| Tax-exempt bond liabilities | $4,985,000 |
| 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 | $400,135 |
| Total liabilities | $10,847,864 |
| Net assets without donor restrictions | $89,933,435 |
| Net assets with donor restrictions | $60,347,092 |
| 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 | $161,128,391 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Central Methodist University has recieved totaling $247,791.
| Awarding Organization | Amount |
|---|---|
Orscheln Industries Foundation Inc Moberly, MO PURPOSE: DONATION -CAPITAL CAMPAIGN | $50,000 |
Fayette Area Community Trust Fayette, MO PURPOSE: SOCIOLOGY DEPARTMENT | $50,000 |
Pearl Lowrie Student Loan Fund U W Hannibal, MO PURPOSE: STUDENT LOANS MADE FOR HIGHER EDUCATION | $27,625 |
Community Foundation Of Central Missouri Columbia, MO PURPOSE: EDUCATION | $21,750 |
Missouri Colleges Fund Inc Jefferson City, MO PURPOSE: NEED BASED FINANCIAL AID | $19,049 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $15,840 |
Endowment Analysis
| Beg. Balance | $51,519,787 |
| Earnings | $15,493,117 |
| Net Contributions | $3,568,710 |
| Other Expense | $1,708,710 |
| Grants | $1,989,400 |
| Ending Balance | $66,883,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |