Bellevue University
- Assets
- $223.4m
- Revenue
- $130.4m
- Investments
- $119.0k
- Employees
- 1,484
- 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 06/2022, Bellevue University employed 1,484 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
BELLEVUE UNIVERSITY IS A NON-PROFIT ORGANIZATION INCORPORATED IN THE STATE OF NEBRASKA. THE UNIVERSITY PROVIDED HIGHER EDUCATION SERVICES TO APPROXIMATELY 17,500 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 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. 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 | $536,258 |
Matthew Davis Evp, Admin Services | Officer | 40 | $323,179 |
Sherrye Hutcherson Evp, Human Resources & Guild | Officer | 40 | $305,836 |
Julia Cronin-Gilmore Director, College Of Business | 40 | $216,058 | |
Esther Lustig Assistant Professor | 40 | $191,476 | |
Robert Kizzire Avp, Enrollment Manager | 40 | $189,797 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Advertising | 6/29/22 | $5,332,767 |
Guild Education Inc Education Benefits | 6/29/22 | $17,088,279 |
Hawkins Construction Company Construction Service | 6/29/22 | $1,989,180 |
Collegis Llc Advertising | 6/29/22 | $1,271,070 |
Sales Force Software | 6/29/22 | $1,101,862 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bellevue University has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
John K And Lynne D Boyer Foundation Omaha, NE PURPOSE: GENERAL SUPPORT | $20,000 |
Oletha C Likins And Loren E Likins Perpetual Memorial Trust Torrington, WY PURPOSE: SCHOLARSHIP | $12,000 |
Endowment Analysis
| Beg. Balance | $106,021,442 |
| Earnings | -$8,995,580 |
| Admin Expense | $44,672 |
| Net Contributions | $606,178 |
| Other Expense | $958,609 |
| Ending Balance | $96,628,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Denver Denver, CO | $1,851,080,134 | $716,746,092 |
Creighton University Omaha, NE | $1,698,187,785 | $655,089,786 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Colorado College Th Colorado Springs, CO | $1,436,368,887 | $272,135,370 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Lindenwood College St Charles, MO | $462,352,916 | $128,444,522 |
Colorado Christian University Lakewood, CO | $209,184,002 | $148,957,888 |
Bellevue University Bellevue, NE | $223,389,878 | $130,441,670 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |