Midland University
- Assets
- $77.2m
- Revenue
- $60.4m
- Investments
- $0.0
- Employees
- 837
- Location
- Fremont, NE
- Founding
- 08/1963
- Data as of
- 05/2022
- EIN
- 47-0376551
Organization Overview
Midland University is located in Fremont, NE. The organization was established in 1963. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Midland University employed 837 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Midland 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 05/2022, Midland University generated $60.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $59.2m during the year ending 05/2022. While expenses have increased by 4.1% 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
MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE. WE ARE A LIBERAL ARTS COLLEGE AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. THE UNIVERSITY HOLDS THE FOLLOWING CORE VALUES TO BE THE FOUNDATION OF OUR IDENTITY AS A COMMUNITY: FAITH, LEARNING, QUALITY, RESPECT, AND STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION:MIDLAND UNIVERSITY OFFERS MULTIPLE DEGREES INCLUDING BACHELORS DEGREES IN BUSINESS, EDUCATION AND NURSING, AS WELL AS A MASTERS IN BUSINESS ADMINISTRATION AND EDUCATION. THE 2021-2022 ENROLLMENT WAS 189 NONTRADITIONAL UNDERGRADUATE STUDENTS, 1140 TRADITIONAL STUDENTS IN THE FALL, 197 NON-TRADITIONAL AND 1036 TRADITIONAL STUDENTS IN THE SPRING, AND 272 GRADUATE STUDENTS IN THE FALL AND 246 GRADUATE STUDENTS IN THE SPRING.
ACADEMIC SUPPORT:ACADEMIC SUPPORT INCLUDES THE LIBRARY, ADMISSIONS, FINANCIAL AID, INFORMATION TECHNOLOGY AND THOSE FUNCTIONS THAT DIRECTLY SUPPORT INSTRUCTION.
AUXILIARY ENTERPRISES:AUXILIARY ENTERPRISES AT MIDLAND UNIVERSITY ARE COMPRISED OF 9 RESIDENCE HALLS OR ON-CAMPUS APARTMENTS, A DINING FACILITY, AND A BOOKSTORE FOR FACULTY, STAFF AND STUDENTS. 636 STUDENTS RESIDED IN STUDENT HOUSING DURING FALL 2021 AND 571 STUDENTS DURING SPRING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Horner President | OfficerTrustee | 40 | $326,916 |
Susan Kruml VP Academic Affairs | Officer | 40 | $172,840 |
Merritt Nelson Vp Admissions And Marketing (through 10/2021) | Officer | 40 | $170,906 |
Jodi Benjamin Chief Operating Officer | Officer | 40 | $167,238 |
Jeff Jamrog Head Football Coach | 40 | $156,606 | |
Joseph Harnisch Chief Financial Officer | Officer | 40 | $128,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresh Ideas Food Services | 5/30/22 | $1,848,098 |
National Management Maintenance & Custodial Services | 5/30/22 | $1,128,836 |
Apple Financial Services It Equipment | 5/30/22 | $507,657 |
Serendipit Marketing Services | 5/30/22 | $273,900 |
Govconnection Dba Connection It Equipment | 5/30/22 | $378,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,160 |
| Related organizations | $0 |
| Government grants | $1,898,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,326,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,237,069 |
| Total Program Service Revenue | $50,811,547 |
| Investment income | $265,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,212 |
| Net Gain/Loss on Asset Sales | $1,098,974 |
| Net Income from Fundraising Events | $12,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,429,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,527,630 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,599,419 |
| Compensation of current officers, directors, key employees. | $285,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,764,664 |
| Pension plan accruals and contributions | $257,743 |
| Other employee benefits | $2,486,995 |
| Payroll taxes | $807,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,192 |
| Fees for services: Accounting | $94,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,526 |
| Fees for services: Other | $518,804 |
| Advertising and promotion | $426,514 |
| Office expenses | $790,495 |
| Information technology | $109,802 |
| Royalties | $0 |
| Occupancy | $1,704,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,403 |
| Interest | $513,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,283,959 |
| Insurance | $438,559 |
| All other expenses | $2,321,974 |
| Total functional expenses | $59,216,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,942,181 |
| Pledges and grants receivable | $575,906 |
| Accounts receivable, net | $1,710,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $899,999 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,647,831 |
| Investments—publicly traded securities | $22,831,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,626,733 |
| Total assets | $77,234,714 |
| Accounts payable and accrued expenses | $2,525,439 |
| Grants payable | $829,499 |
| Deferred revenue | $780,367 |
| Tax-exempt bond liabilities | $16,679,233 |
| 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 | $102,084 |
| Other liabilities | $512,627 |
| Total liabilities | $21,429,249 |
| Net assets without donor restrictions | $23,834,638 |
| Net assets with donor restrictions | $31,970,827 |
| 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 | $77,234,714 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Midland University has recieved totaling $67,648.
| Awarding Organization | Amount |
|---|---|
The Hawks Foundation Omaha, NE PURPOSE: SUPPORT SCHOLARSHIP PROGRAM | $25,000 |
Helen Gough Foundation Trust Milwaukee, WI PURPOSE: SCHOLARSHIPS | $8,000 |
Lester A Walker Foundation Fremont, NE PURPOSE: SCHOLARSHIP FUND | $6,131 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,600 |
Darlene M And Reuben T Swanson Foundation Fort Collins, CO PURPOSE: GENERAL FUND | $5,000 |
Berneice M Hopper Privatefoundation Omaha, NE PURPOSE: SCHOLARSHIPS | $3,000 |
Endowment Analysis
| Beg. Balance | $32,192,153 |
| Earnings | -$1,517,001 |
| Net Contributions | $536,248 |
| Grants | $1,174,457 |
| Ending Balance | $30,036,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
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 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |