Bellevue University
- Assets
- $223.4m
- Revenue
- $130.4m
- Investments
- $119.0k
- Employees
- 1,482
- Location
- Bellevue, NE
- Founding
- 02/1966
- Data as of
- 06/2022
- EIN
- 47-0491571
Organization Overview
Bellevue University is located in Bellevue, NE. The organization was established in 1966. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Bellevue University employed 1,482 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellevue 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 06/2022, Bellevue University generated $130.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $126.2m during the year ending 06/2022. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT INCORPORATED IN NEBRASKA THAT PROVIDES HIGHER EDUCATION SERVICES TO ADULT STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELLEVUE UNIVERSITY IS A NON-PROFIT ORGANIZATION INCORPORATED IN THE STATE OF NEBRASKA. THE UNIVERSITY PROVIDED HIGHER EDUCATION SERVICES TO APPROXIMATELY 18,750 STUDENTS DURING THIS REVIEW PERIOD. BELLEVUE UNIVERSITY EFFECTIVELY ENGAGES STUDENTS IN EARNING AWARDS AND DEGREES THAT PREPARE THEM TO THRIVE IN A CONNECTED, COMPETITIVE WORLD. WE PROVIDE STUDENTS WITH A POWERFUL FOUNDATION FOR PERSONAL VALUE CREATION, INSTILLING THE CONFIDENCE THEY NEED T0 TAKE CONTROL OF THEIR LIVES AND TO BE RESPONSIBLE CITIZENS OF THE GLOBAL COMMUNITY. WE TEACH THE VALUE OF A FREE MARKET, CAPITALIST ECONOMIC SYSTEM AND THE IMPORTANCE OF PRESERVING OUR AMERICAN HERITAGE OF A DEMOCRATIC AND FREE WAY OF LIFE. THE CONFIDENCE THEY NEED TO HERITAGE OF A DEMOCRATIC AND FREE WAY OF LIFE. AMERICAN HERITAGE OF A DEMOCRATIC AND FREE WAY OF LIFE. THE CONFIDENCE THEY NEED TO TAKE CONTROL OF THEIR LIVES AND TO BE RESPONSIBLE CITIZENS OF THE GLOBAL COMMUNITY. WE TEACH THE VALUE OF A FREE MARKET, CAPITALIST ECONOMIC SYSTEM AND THE IMPORTANCE OF PRESERVING OUR AMERICAN HERITAGE OF A DEMOCRATIC AND FREE WAY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hawkins President | Officer | 40 | $548,336 |
Matthew Davis Evp, Admin Services | Officer | 40 | $338,468 |
Sherrye Hutcherson Evp, Human Resources & Guild | Officer | 40 | $324,589 |
Julia A Doria Vp, Growth Marketing | 40 | $234,351 | |
Kenneth Birdsong CFO | Officer | 40 | $212,757 |
John M Erickson Vp, Advancement | Officer | 40 | $230,033 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oracle America Inc Software | 6/29/23 | $1,383,974 |
Regent Education Inc Financial Software | 6/29/23 | $1,249,421 |
Guild Education Education Benefits | 6/29/23 | $25,141,502 |
Hawkins Construction Company Construction Service | 6/29/23 | $3,695,425 |
Google Inc Advertising | 6/29/23 | $5,110,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $350 |
| Government grants | $10,198,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,032,481 |
| Noncash contributions included in lines 1a–1f | $522,973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,231,798 |
| Total Program Service Revenue | $111,903,054 |
| Investment income | $1,218,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,659 |
| Net Gain/Loss on Asset Sales | $4,363,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,441,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,539,426 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,643,500 |
| Compensation of current officers, directors, key employees. | $1,482,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,630,052 |
| Pension plan accruals and contributions | $2,042,062 |
| Other employee benefits | $5,242,175 |
| Payroll taxes | $3,869,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $685,397 |
| Fees for services: Accounting | $113,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,546,520 |
| Advertising and promotion | $7,124,326 |
| Office expenses | $0 |
| Information technology | $5,649,615 |
| Royalties | $0 |
| Occupancy | $318,068 |
| Travel | $1,121,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,296,658 |
| Insurance | $725,857 |
| All other expenses | $4,031,113 |
| Total functional expenses | $126,203,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,475 |
| Savings and temporary cash investments | $14,942,446 |
| Pledges and grants receivable | $1,128,735 |
| Accounts receivable, net | $29,929,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,891,400 |
| Net Land, buildings, and equipment | $76,785,550 |
| Investments—publicly traded securities | $96,510,384 |
| Investments—other securities | $119,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,404 |
| Total assets | $223,389,878 |
| Accounts payable and accrued expenses | $13,393,014 |
| Grants payable | $0 |
| Deferred revenue | $15,025,886 |
| Tax-exempt bond liabilities | $859,871 |
| 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 | $29,278,771 |
| Net assets without donor restrictions | $162,762,877 |
| Net assets with donor restrictions | $31,348,230 |
| 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 | $223,389,878 |