Rockhurst University
- Assets
- $176.7m
- Revenue
- $126.6m
- Investments
- $0.0
- Employees
- 1,157
- Location
- Kansas City, MO
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 44-0545813
Organization Overview
Rockhurst University is located in Kansas City, MO. The organization was established in 1943. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Rockhurst University employed 1,157 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rockhurst 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, Rockhurst University generated $126.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $110.1m during the year ending 06/2022. While expenses have increased by 4.5% 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
ROCKHURST IS A COMPREHENSIVE UNIVERSITY IN THE CATHOLIC, JESUIT, LIBERAL ARTS TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCKHURST UNIVERSITY IS COMMITTED TO PROVIDING A QUALITY, PRIVATE EDUCATION AT A REASONABLE COST. DURING THE FISCAL YEAR ENDED JUNE 30, 2023 THE UNIVERSITY OFFERED INSTITUTIONAL FINANCIAL AID TO OVER 80% OF ITS GRADUATE AND UNDERGRADUATE STUDENTS.
INSTRUCTIONAL EXPENSES REPRESENT THE COST OF DELIVERING THE ROCKHURST EDUCATIONAL EXPERIENCE TO APPROXIMATELY 3,400 UNDERGRADUATE AND GRADUATE STUDENTS. THIS INCLUDES THE SALARIES AND BENEFITS FOR FULL-TIME AND PART-TIME FACULTY MEMBERS, INSTRUCTIONAL MATERIALS, BOOKS AND SUPPLIES, TRAVEL AND PROFESSIONAL DEVELOPMENT, AND DEPRECIATION, MAINTENANCE AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES.
AUXILIARY EXPENSES INCLUDE COSTS ASSOCIATED WITH PROVIDING STUDENT HOUSING AND FOOD SERVICE, EXPENSES RELATING TO THE UNIVERSITY'S PARTICIPATION IN THE NCAA ATHLETIC PROGRAMS, AND DEPRECIATION, MAINTENANCE, AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Dunham Vpaa/provost - Until 6/3/23 | OfficerTrustee | 40 | $198,483 |
Sandra Cassady PHD Trustee/president | OfficerTrustee | 40 | $169,643 |
Nancy Creasy Trustee/chair | OfficerTrustee | 1 | $0 |
Gary Belske Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Kush Patel MD Trustee/secretary | OfficerTrustee | 1 | $0 |
Thomas Hastings MD Trustee/former Chair - Until 6/1/23 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excellence Floor Care Llc Janitorial Services | 6/29/23 | $515,529 |
Je Dunn Construction Co General Contractor | 6/29/23 | $7,316,917 |
Chartwells Dining Services Food Service | 6/29/23 | $2,921,943 |
Encoura Llc Consulting Services | 6/29/23 | $515,504 |
Helix Architecture Design Inc Architecture Services | 6/29/23 | $628,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,320 |
| Related organizations | $0 |
| Government grants | $16,057,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,121,344 |
| Noncash contributions included in lines 1a–1f | $156,326 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,222,868 |
| Total Program Service Revenue | $88,707,430 |
| Investment income | $1,896,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,649 |
| Net Gain/Loss on Asset Sales | $1,905,969 |
| Net Income from Fundraising Events | -$25,597 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,555,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,425,481 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,490,598 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $590,885 |
| Compensation of current officers, directors, key employees. | $426,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,774,974 |
| Pension plan accruals and contributions | $1,372,997 |
| Other employee benefits | $4,925,482 |
| Payroll taxes | $2,071,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $324,890 |
| Fees for services: Accounting | $107,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,250 |
| Fees for services: Other | $2,309,887 |
| Advertising and promotion | $629,014 |
| Office expenses | $1,132,605 |
| Information technology | $1,743,262 |
| Royalties | $0 |
| Occupancy | $3,298,590 |
| Travel | $1,042,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $710,486 |
| Interest | $1,533,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,518,507 |
| Insurance | $1,301,841 |
| All other expenses | $2,834,549 |
| Total functional expenses | $110,127,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119 |
| Savings and temporary cash investments | $1,548,783 |
| Pledges and grants receivable | $5,913,577 |
| Accounts receivable, net | $2,472,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,608,554 |
| Net Land, buildings, and equipment | $108,331,353 |
| Investments—publicly traded securities | $45,308,909 |
| Investments—other securities | $0 |
| Investments—program-related | $1,195,188 |
| Intangible assets | $2,724,518 |
| Other assets | $7,600,635 |
| Total assets | $176,706,478 |
| Accounts payable and accrued expenses | $5,816,674 |
| Grants payable | $0 |
| Deferred revenue | $6,311,460 |
| Tax-exempt bond liabilities | $27,702,598 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,205,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,575,365 |
| Total liabilities | $51,611,131 |
| Net assets without donor restrictions | $64,846,665 |
| Net assets with donor restrictions | $60,248,682 |
| 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 | $176,706,478 |