University Of Jamestown
- Assets
- $90.6m
- Revenue
- $44.3m
- Investments
- $41.0m
- Employees
- 914
- Location
- Jamestown, ND
- Founding
- 02/1937
- Data as of
- 06/2022
- EIN
- 45-0231180
Organization Overview
University Of Jamestown, operating under the name Jamestown College, is located in Jamestown, ND. The organization was established in 1937. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Jamestown College employed 914 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jamestown College 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, Jamestown College generated $44.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $42.5m during the year ending 06/2022. While expenses have increased by 4.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
UNIVERSITY OF JAMESTOWN IS A RESIDENTIAL, INDEPENDENT, FOUR-YEAR, COEDUCATIONAL, LIBERAL ARTS COLLEGE RELATED TO THE PRESBYTERIAN CHURCH (U.S.A.). THE UNIVERSITY WAS CHARTERED IN 1884. THE FIRST CLASSES BEGAN IN SEPTEMBER 1886. THROUGHOUT ITS MORE THAN 100-YEAR HISTORY, THE UNIVERSITY OF JAMESTOWN HAS CONSISTENTLY STOOD FOR ACADEMIC EXCELLENCE AND CHRISTIAN PRINCIPLES IN ALL THAT IT DOES. THE UNIVERSITY OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN 41 MAJOR AREAS OF STUDY, AS WELL AS 32 MINORS AND 11 PRE-PROFESSIONAL PROGRAMS. THE UNIVERSITY EXPANDED ITS OFFERINGS AND BEGAN A DOCTORAL PROGRAM IN 2013 AND MASTERS PROGRAMS IN 2015. THE UNIVERSITY AGAIN EXPANDED ITS OFFERINGS IN 2022 TO INCLUDE ONLINE CERTIFICATE PROGRAMS. UNIVERSITY OF JAMESTOWN HAS BEEN A CONTINUOUS ACCREDITED MEMBER OF THE NORTH CENTRAL ASSOCIATION SINCE 1920.POST-SECONDARY EDUCATION: INSTRUCTION - ACADEMIC PROGRAMS WITH APPROXIMATELY 1100 FTE STUDENTS ENROLLED. BACHELOR OF ARTS, BACHELOR OF SCIENCE, MASTERS AND DOCTORAL DEGREES ARE AWARDED BY THE INSTITUTION.
POST-SECONDARY EDUCATION: STUDENT AID - INSTITUTIONAL SCHOLARSHIPS AND WORK PROGRAMS OFFERED TO STUDENTS. AID IS AWARDED BOTH BASED UPON NEED AND SCHOLASTIC ACHIEVEMENT.
POST-SECONDARY EDUCATION: GENERAL ADMINISTRATIVE SUPPORT - PHYSICAL PLANT, GENERAL INSTITUTION AND ADMINISTRATIVE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polly Peterson President | OfficerTrustee | 40 | $253,925 |
Paul Olson Provost | 40 | $133,253 | |
Dr Sara Voorhees - Program Dir Of Dept Of Physical Therapy | 40 | $119,017 | |
Scott Meyer Executive VP Of Uj Accelerated | 40 | $118,788 | |
Tena Lawrence Executive Vice President | 40 | $114,185 | |
Greg Ulland VP Of Enrollment Management | 40 | $112,822 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Je Dunn Construction Contracting | 6/29/22 | $10,943,595 |
Hillerud Construction Inc Construction | 6/29/22 | $429,780 |
Jenzabar Software Maintenance | 6/29/22 | $298,108 |
Jlg Architects Contracting | 6/29/22 | $143,507 |
Sodexo Food Service Provider | 6/29/22 | $2,933,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,390 |
| Related organizations | $0 |
| Government grants | $3,585,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,996,216 |
| Noncash contributions included in lines 1a–1f | $1,118,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,650,084 |
| Total Program Service Revenue | $32,739,099 |
| Investment income | $1,004,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $220,436 |
| Net Rental Income | $32,721 |
| Net Gain/Loss on Asset Sales | $681,293 |
| Net Income from Fundraising Events | -$7,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,320,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,882,139 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,221 |
| Compensation of current officers, directors, key employees. | $233,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,715,082 |
| Pension plan accruals and contributions | $447,278 |
| Other employee benefits | $1,830,659 |
| Payroll taxes | $845,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,560 |
| Fees for services: Accounting | $88,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,067 |
| Fees for services: Other | $0 |
| Advertising and promotion | $794,521 |
| Office expenses | $882,719 |
| Information technology | $1,251,982 |
| Royalties | $0 |
| Occupancy | $2,416,017 |
| Travel | $489,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,850 |
| Interest | $735,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,855,485 |
| Insurance | $0 |
| All other expenses | $436,034 |
| Total functional expenses | $42,546,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,209 |
| Savings and temporary cash investments | $5,118,686 |
| Pledges and grants receivable | $26,437 |
| Accounts receivable, net | $476,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $775,000 |
| Inventories for sale or use | $198,702 |
| Prepaid expenses and deferred charges | $358,519 |
| Net Land, buildings, and equipment | $42,074,291 |
| Investments—publicly traded securities | $9,064 |
| Investments—other securities | $41,014,124 |
| Investments—program-related | $347,141 |
| Intangible assets | $0 |
| Other assets | $187,939 |
| Total assets | $90,603,412 |
| Accounts payable and accrued expenses | $1,379,185 |
| Grants payable | $412,164 |
| Deferred revenue | $1,448,716 |
| Tax-exempt bond liabilities | $3,700,000 |
| Escrow or custodial account liability | $304,590 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,700,399 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $807,258 |
| Total liabilities | $12,752,312 |
| Net assets without donor restrictions | $37,073,116 |
| Net assets with donor restrictions | $40,777,984 |
| 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 | $90,603,412 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Jamestown has recieved totaling $10,923.
| Awarding Organization | Amount |
|---|---|
Mwe Scholarship Fund Grand Forks, ND PURPOSE: SCHOLARSHIP | $10,923 |
Endowment Analysis
| Beg. Balance | $45,874,411 |
| Earnings | -$5,046,608 |
| Admin Expense | $157,067 |
| Net Contributions | $1,187,035 |
| Other Expense | $312,104 |
| Grants | $2,294,973 |
| Ending Balance | $39,250,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Carroll College Helena, MT | $143,834,789 | $63,598,809 |
University Of Jamestown Jamestown, ND | $90,603,412 | $44,320,991 |
Rocky Mountain College Billings, MT | $75,298,645 | $42,030,669 |
University Of Sioux Falls Sioux Falls, SD | $85,542,086 | $32,808,257 |
Mount Marty University Yankton, SD | $70,710,505 | $31,955,448 |
Dakota Wesleyan University Mitchell, SD | $90,960,221 | $27,499,766 |
Turtle Mountain Community College Inc Belcourt, ND | $74,108,632 | $32,502,071 |