Claremont Lincoln University
- Assets
- $29.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 99
- Location
- Claremont, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-1171945
Organization Overview
Claremont Lincoln University is located in Claremont, CA. The organization was established in 2014. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, Claremont Lincoln University employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Claremont Lincoln 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 12/2022, Claremont Lincoln University generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2022. 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
DELIVERS SOCIALLY CONSCIOUS, AFFORDABLE, AND ACCESSIBLE ONLINE GRADUATE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLAREMONT LINCOLN UNIVERSITY CURRENTLY OFFERS AFFORDABLE, ACCESSIBLE, AND INCLUSIVE ONLINE GRADUATE PROGRAMS TO DIVERSE WORKING ADULTS WHO DO NOT ALWAYS FIT THE TRADITIONAL UNIVERSITY STRUCTURES OR TIMELINES AND WHO THRIVE IN A PRACTITIONER-BASED, HIGH-TOUCH STUDENT SUPPORT ENVIRONMENT. THROUGH THE DISTINCTIVE LEADERSHIP CURRICULA, THE CLAREMONT CORE, WHICH IS INTEGRATED INTO ALL PROGRAMS, CLU EDUCATES CURRENT AND FUTURE LEADERS WHO THEN CREATE POSITIVE SOCIAL, ENVIRONMENTAL, AND ECONOMIC CHANGE IN THEIR COMMUNITIES AND WORKPLACES. CURRENTLY CLU OFFERS SIX MASTER'S DEGREES AND EIGHT ADVANCED PRACTICE GRADUATE CERTIFICATES RANGING FROM HEALTHCARE ADMINISTRATION AND HUMAN RESOURCES MANAGEMENT TO PUBLIC ADMINISTRATION, SUSTAINABILITY LEADERSHIP, AND ADVANCED DIVERSITY, EQUITY, AND INCLUSION PRACTICES. IN 2021, CLU INCREASED ITS ENROLLMENT FROM 200 TO 300 STUDENTS, CONTINUING ITS YEAR-OVER-YEAR GROWTH. IN LATE 2022, CLU DECIDED TO POSTPONE ADDING ITS FIRST BACCALAUREATE COMPLETION PROGRAM IN ORGANIZATIONAL LEADERSHIP DESIGNED FOR WORKING ADULTS WITH SIGNIFICANT TRANSFER CREDITS AND EXPERIENTIAL LEARNING WHO WISH TO COMPLETE THEIR DEGREES UNTIL THE START OF 2023. PROJECTIONS INDICATE THAT THIS PROGRAM WILL INCREASE THE STUDENT POPULATION SIGNIFICANTLY IN 2023 AND 2024. CLAREMONT LINCOLN UNIVERSITY DISTINGUISHES ITSELF THROUGH ITS INNOVATIVE EDUCATIONAL OFFERINGS WITH THE IMPERATIVE OF DEVELOPING LEADERS WHO ARE ETHICAL, EQUITABLE, INCLUSIVE, AND PREPARED TO CREATE POSITIVE CHANGE IN THEIR COMMUNITIES. THROUGH ITS UNIQUE COLLABORATION WITH THE LINCOLN INSTITUTE OF LAND POLICY, CLU BRINGS THE DEEP KNOWLEDGE OF A GLOBALLY RECOGNIZED NON-PROFIT PRIVATE OPERATING FOUNDATION FOCUSED ON ADDRESSING DIFFICULT SOCIAL, ECONOMIC, AND ENVIRONMENTAL CHALLENGES. A NICHE INSTITUTION, CLU ACHIEVES ITS MISSION THROUGH ITS INNOVATIVE SCHOLAR-PRACTITIONER BASED ONLINE CURRICULA AND ITS DISTINCTIVE LEADERSHIP MODEL, THE CLAREMONT CORE, WHICH ARE INTEGRATED THROUGHOUT SIX GRADUATE DEGREE PROGRAMS, EIGHT ADVANCED PRACTICE CERTIFICATES, AND A BACCALAUREATE COMPLETION PROGRAM WHICH LAUNCHED IN JANUARY OF 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Becker Director | Trustee | 2 | $0 |
Anthony Digiovanni Director | Trustee | 2 | $1,758 |
James Manifold Director | Trustee | 2 | $0 |
Jerry Campbell Director | Trustee | 2 | $0 |
Keith Drake Director | Trustee | 2 | $0 |
Thomas Nechyba Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meta Platforms Inc Online Marketing Ads | 12/30/22 | $379,087 |
Linkedin Corporation Online Marketing Ads | 12/30/22 | $364,321 |
Cloudcontrolmedia Llc Marketing Services | 12/30/22 | $240,190 |
Cooley Llp Legal Services | 12/30/22 | $222,724 |
Google Llc Online Marketing Ads | 12/30/22 | $544,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,083,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,083,250 |
| Total Program Service Revenue | $2,705,609 |
| Investment income | $182,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $157,581 |
| Net Gain/Loss on Asset Sales | $9,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,154,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $256,492 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,264,091 |
| Compensation of current officers, directors, key employees. | $686,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,453,637 |
| Pension plan accruals and contributions | $145,652 |
| Other employee benefits | $621,845 |
| Payroll taxes | $300,153 |
| Fees for services: Management | $876,921 |
| Fees for services: Legal | $364,080 |
| Fees for services: Accounting | $96,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,658,808 |
| Office expenses | $70,933 |
| Information technology | $497,991 |
| Royalties | $0 |
| Occupancy | $21,635 |
| Travel | $57,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $883,170 |
| Insurance | $145,196 |
| All other expenses | $60,934 |
| Total functional expenses | $10,067,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,108,366 |
| Savings and temporary cash investments | $353,926 |
| Pledges and grants receivable | $23,650 |
| Accounts receivable, net | $28,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,361 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $120,461 |
| Net Land, buildings, and equipment | $17,362,829 |
| Investments—publicly traded securities | $8,913,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,917,581 |
| Accounts payable and accrued expenses | $825,831 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $825,831 |
| Net assets without donor restrictions | $28,993,295 |
| Net assets with donor restrictions | $98,455 |
| 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 | $29,917,581 |