Augustana University Association
- Assets
- $281.2m
- Revenue
- $99.2m
- Investments
- $22.7m
- Employees
- 1,498
- Location
- Sioux Falls, SD
- Founding
- 07/1950
- Data as of
- 07/2021
- EIN
- 46-0224588
Organization Overview
Augustana University Association, operating under the name Augustana University, is located in Sioux Falls, SD. The organization was established in 1950. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 07/2021, Augustana University employed 1,498 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augustana 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 07/2021, Augustana University generated $99.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $84.0m during the year ending 07/2021. 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
A FOUR-YEAR LIBERAL ARTS UNIVERSITY AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH.
Describe the Organization's Program Activity:
HIGHER EDUCATION INSTRUCTION: INCLUDES MORE THAN 50 ACADEMIC MAJORS AND PRE-PROFESSIONAL SPECIALIZATIONS THAT PREPARE STUDENTS FOR EVENTUAL EMPLOYMENT IN BUSINESS AND FINANCE, HEALTH CARE, EDUCATION AND SOCIAL SERVICE AND FOR GRADUATE STUDIES IN LAW AND MEDICINE. AN HONORS PROGRAM, STUDY ABROAD, SERVICE LEARNING AND UNDERGRADUATE RESEARCH OPPORTUNITIES SUPPLEMENT FORMAL CLASSROOM AND LABORATORY INSTRUCTION. APPROXIMATELY 1,850 STUDENTS ARE SERVED ANNUALLY BY A FACULTY OF 150 FULL- AND PART-TIME PROFESSORS.AUGUSTANA UNIVERSITY OFFERS STUDENTS OF VARYING BACKGROUNDS AND INTERESTS AN EDUCATION THAT COMBINES A BROAD FOUNDATION IN THE LIBERAL ARTS WITH PREPARATION FOR PROFESSIONAL CAREERS OR ADVANCED STUDY.
HIGHER EDUCATION AUXILIARY SERVICES: SERVE STUDENTS THROUGH THE BOOKSTORE BY SELLING BOOKS AND OTHER INSTRUCTIONAL MATERIALS AND PROVIDING CAMPUS HOUSING AND MEAL SERVICES FOR APPROXIMATELY 1,850 STUDENTS.
HIGHER EDUCATION ACADEMIC SUPPORT: INCLUDES ACADEMIC SUPPORT THROUGH EXTENSIVE LIBRARY HOLDINGS IN BOOKS, JOURNALS AND ONLINE RESOURCES AS WELL AS AUDIOVISUAL EQUIPMENT AND MATERIALS. INCLUDES OTHER ACTIVITIES RELATED TO SERVING THE STUDENTS AND THE CAMPUS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie H Sandlin President | Officer | 40 | $300,264 |
Shannan Nelson CFO | Officer | 40 | $183,301 |
Colin Irvine Vpaa | 40 | $163,731 | |
Robert E Wright Professor | 40 | $162,155 | |
Pamela J Homan Chief Strategy Officer | 40 | $154,966 | |
Matthew T Volansky Dir, Dpt Program | 40 | $137,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food Service | 7/30/21 | $2,517,198 |
Jenzabar Software, Service, License | 7/30/21 | $254,210 |
Learners Edge Teaching Courses | 7/30/21 | $451,426 |
Smithgroup Campus Master Planning | 7/30/21 | $220,600 |
Mediacurrent Interacive Solution Web Redesign Upgrade Implementation | 7/30/21 | $225,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,409 |
| Related organizations | $0 |
| Government grants | $4,831,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,764,918 |
| Noncash contributions included in lines 1a–1f | $269,105 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,643,792 |
| Total Program Service Revenue | $71,421,649 |
| Investment income | $4,337,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$282,969 |
| Net Gain/Loss on Asset Sales | $1,936,917 |
| Net Income from Fundraising Events | $54,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,152,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,327,921 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,397,899 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $668,672 |
| Compensation of current officers, directors, key employees. | $463,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,470,373 |
| Pension plan accruals and contributions | $1,100,757 |
| Other employee benefits | $5,759,113 |
| Payroll taxes | $1,564,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $138,561 |
| Fees for services: Accounting | $45,278 |
| Fees for services: Lobbying | $5,176 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,856 |
| Fees for services: Other | $1,983,906 |
| Advertising and promotion | $376,195 |
| Office expenses | $397,193 |
| Information technology | $770,036 |
| Royalties | $0 |
| Occupancy | $1,770,275 |
| Travel | $686,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $339,367 |
| Interest | $799,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,164,883 |
| Insurance | $424,087 |
| All other expenses | $638,116 |
| Total functional expenses | $84,019,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,386,972 |
| Savings and temporary cash investments | $60,347,859 |
| Pledges and grants receivable | $17,694,305 |
| Accounts receivable, net | $2,979,181 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,550 |
| Prepaid expenses and deferred charges | $519,265 |
| Net Land, buildings, and equipment | $77,144,261 |
| Investments—publicly traded securities | $88,691,918 |
| Investments—other securities | $22,682,059 |
| Investments—program-related | $2,645,202 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $281,200,572 |
| Accounts payable and accrued expenses | $5,732,852 |
| Grants payable | $4,597,323 |
| Deferred revenue | $2,520,285 |
| Tax-exempt bond liabilities | $85,993,965 |
| Escrow or custodial account liability | $614,681 |
| 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 | $735,256 |
| Total liabilities | $100,194,362 |
| Net assets without donor restrictions | $44,299,750 |
| Net assets with donor restrictions | $136,706,460 |
| 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 | $281,200,572 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Augustana University Association has recieved totaling $3,423,635.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: PROGRAM SUPPORT,EDUCATION/WORKFORCE DEVELOPMENT,SCHOLARSHIP ENDOWMENT | $2,489,750 |
The Community Foundation For Northern Virginia Inc Oakton, VA PURPOSE: HIGHER ED INSTITUTIONS | $166,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $150,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Education | $133,304 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, EDUCATION | $120,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $100,000 |
Endowment Analysis
| Beg. Balance | $92,324,562 |
| Earnings | $23,553,768 |
| Net Contributions | $3,185,189 |
| Grants | $4,976,067 |
| Ending Balance | $114,087,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |
Augsburg University Minneapolis, MN | $220,780,212 | $133,913,998 |
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
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 |