George Stone Adventist School
- Assets
- $65.6m
- Revenue
- $35.9m
- Investments
- $0.0
- Employees
- 868
- Location
- Lincoln, NE
- Founding
- 04/1947
- Data as of
- 05/2022
- EIN
- 47-0405319
Organization Overview
George Stone Adventist School is located in Lincoln, NE. The organization was established in 1947. 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, George Stone Adventist School employed 868 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. George Stone Adventist School 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, George Stone Adventist School generated $35.9m 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 $32.5m during the year ending 05/2022. While expenses have increased by 1.6% 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
TO OFFER A COLLEGE EXPERIENCE INCLUDING EDUCATION, HOUSING, AND ASSOCIATED PROGRAMS IN LINCOLN, NE
Describe the Organization's Program Activity:
INSTRUCTION AND PUBLIC SERVICE: UNION COLLEGE PROVIDES AN EXCEPTIONAL LIBERAL ARTS EDUCATION WITH 634 UNDERGRADUATE STUDENTS AND 88 MASTER'S LEVEL STUDENTS. THE 10 TO 1 STUDENT TEACHER RATIO ALLOWS FOR EXCELLENT STUDENT/TEACHER INTERACTION. UNION COLLEGE OFFERS MORE THAN 60 MAJORS, MINORS, AND EMPHASES IN 29 FIELDS OF STUDY INCLUDING BACHELOR'S DEGREES IN RELIGION, BUSINESS, EDUCATION, NURSING, ENGLISH, AND INTERNATIONAL RESCUE & RELIEF, AS WELL AS A MASTER'S DEGREE IN PHYSICIAN ASSISTANT STUDIES.
ACADEMIC SUPPORT AND STUDENT SERVICES: ACADEMIC SUPPORT INCLUDES THE LIBRARY, ACADEMIC ADMINISTRATION, INSTITUTIONAL RESEARCH, AND ACADEMIC INSTITUTIONAL TECHNOLOGY. STUDENT SERVICES SUPPORTS STUDENTS THROUGH COUNSELING, RECORDS OFFICE, ADMISSIONS AND OTHER STUDENT SUPPORT.
AUXILIARY SERVICES:AUXILIARY SERVICES AT UNION COLLEGE EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, INSTITUTIONAL DEPARTMENTS AND THE PUBLIC. THE MOST PROMINENT OF THESE SERVICES PROVIDE SUPPORT TO OUR STUDENTS AND INCLUDE RESIDENCE HALLS, BOOKSTORE, AND CAMPUS HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Heidtbrink Pa Chair | 40 | $134,780 | |
Michelle Peterson Pa Faculty | 40 | $107,172 | |
Vinita Sauder President/secretary | OfficerTrustee | 40 | $93,152 |
Steve Trana VP For Financial Admin | Officer | 40 | $75,239 |
Gary Thurber Trustee | Trustee | 1 | $0 |
Hubert Morel Jr Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Lincoln Food Service | 5/30/22 | $319,184 |
Eab Enrollment Marketing | 5/30/22 | $212,518 |
Carnegie Dartlet Advertising And Promotion | 5/30/22 | $104,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,432,382 |
| Government grants | $5,845,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,232,553 |
| Noncash contributions included in lines 1a–1f | $741,856 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,510,627 |
| Total Program Service Revenue | $21,917,760 |
| Investment income | $1,225,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,551 |
| Net Gain/Loss on Asset Sales | $557,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $530,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,905,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,076,689 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,415 |
| Compensation of current officers, directors, key employees. | $176,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,422,388 |
| Pension plan accruals and contributions | $1,585,447 |
| Other employee benefits | $7,025,754 |
| Payroll taxes | $825,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,110 |
| Fees for services: Accounting | $90,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,646,798 |
| Advertising and promotion | $250,336 |
| Office expenses | $2,295,512 |
| Information technology | $306,510 |
| Royalties | $0 |
| Occupancy | $1,368,906 |
| Travel | $616,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,231 |
| Interest | $247,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,421,904 |
| Insurance | $808,035 |
| All other expenses | $0 |
| Total functional expenses | $32,459,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,942,488 |
| Pledges and grants receivable | $3,541,452 |
| Accounts receivable, net | $1,857,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,671 |
| Prepaid expenses and deferred charges | $165,021 |
| Net Land, buildings, and equipment | $33,104,386 |
| Investments—publicly traded securities | $16,033,903 |
| Investments—other securities | $0 |
| Investments—program-related | $1,876,696 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,634,399 |
| Accounts payable and accrued expenses | $2,611,642 |
| Grants payable | $850,002 |
| Deferred revenue | $441,195 |
| Tax-exempt bond liabilities | $1,224,972 |
| Escrow or custodial account liability | $467,664 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,016,370 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,088,193 |
| Total liabilities | $7,700,038 |
| Net assets without donor restrictions | $33,911,698 |
| Net assets with donor restrictions | $24,022,663 |
| 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 | $65,634,399 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that George Stone Adventist School has recieved totaling $1,781,599.
| Awarding Organization | Amount |
|---|---|
Adventist Health System Sunbelt Healthcare Corporation Altamonte Springs, FL PURPOSE: General Support | $1,500,000 |
Shawnee Mission Medical Center Inc Shawnee Mission, KS PURPOSE: GENERAL SUPPORT | $120,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $56,000 |
Greater Salina Community Foundation Salina, KS PURPOSE: Special Project | $50,000 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: SCHOLARSHIPS, GENERAL SUPPORT | $47,599 |
Archie Tonge Education Fund Pollock Pines, CA PURPOSE: Assistance to Seventh-Day Adventist | $8,000 |
Endowment Analysis
| Beg. Balance | $14,403,582 |
| Earnings | -$84,456 |
| Net Contributions | $676,114 |
| Other Expense | $978,215 |
| Ending Balance | $14,017,025 |
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 |