Grand Canyon University
- Assets
- $2.0b
- Revenue
- $1.6b
- Investments
- $0.0
- Employees
- 11,656
- Location
- Phoenix, AZ
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-2507725
Organization Overview
Grand Canyon University is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Grand Canyon University employed 11,656 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Canyon 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, Grand Canyon University generated $1.6b in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.6b during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Grand Canyon University has awarded 17 individual grants totaling $887,084. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GCU IS A PREMIER CHRISTIAN UNIVERSITY, EDUCATING PEOPLE TO LEAD AND SERVE BY PROVIDING POST-SECONDARY EDUCATION SERVICES ON ITS TRADITIONAL ARIZONA CAMPUS AS WELL AS ONLINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL PROGRAM SERVICES - INSTRUCTIONAL PROGRAM SERVICES INCLUDE ALL ACTIVITIES DIRECTLY TIED TO THE EDUCATIONAL SERVICES PROVIDED BY THE UNIVERSITY. GCU HAS APPROXIMATELY 100,000 ENROLLED STUDENTS (ON CAMPUS AND ONLINE) IN UNDERGRADUATE, GRADUATE, AND DOCTORAL LEVEL PROGRAMS. GCU PROVIDES SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL ASSISTANCE TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MEASURES.
AUXILIARY ENTERPRISES - AUXILIARY ENTERPRISES REPRESENT VARIOUS BUSINESS UNITS THAT OPERATE TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE UNIVERSITY'S STUDENTS, INCLUDING AN ARENA, HOTEL, RESTAURANTS, GOLF COURSE, AND CAMPUS/ONLINE SHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman Of The Board | OfficerTrustee | 0.5 | $10,000 |
Name Not Listed Director | Trustee | 0.5 | $10,000 |
Name Not Listed Director | Trustee | 0.5 | $10,000 |
Name Not Listed Director | Trustee | 0.5 | $10,000 |
Name Not Listed Director | Trustee | 0.5 | $10,000 |
Name Not Listed Director | Trustee | 0.5 | $10,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grand Canyon Education Inc Support Services | 6/29/23 | $778,180,625 |
Pono Construction Llc Construction Services | 6/29/23 | $94,523,088 |
Gombos Leyton Pc Legal Services | 6/29/23 | $1,173,626 |
Sodexo Inc & Affiliates Food Service Provider | 6/29/23 | $41,877,354 |
Suoll Llc Architecture Design | 6/29/23 | $1,154,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,181 |
| Related organizations | $0 |
| Government grants | $26,554,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,755,860 |
| Noncash contributions included in lines 1a–1f | $355,519 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,387,306 |
| Total Program Service Revenue | $1,612,161,172 |
| Investment income | $668,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $289,832 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $132,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,645,639,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $332,099 |
| Grants and other assistance to domestic individuals. | $358,065,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,730,087 |
| Compensation of current officers, directors, key employees. | $1,730,087 |
| Compensation to disqualified persons | $360,936 |
| Other salaries and wages | $203,024,652 |
| Pension plan accruals and contributions | $3,291,663 |
| Other employee benefits | $18,199,061 |
| Payroll taxes | $14,762,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,652,921 |
| Fees for services: Accounting | $221,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $784,119,599 |
| Advertising and promotion | $831,972 |
| Office expenses | $15,654,374 |
| Information technology | $0 |
| Royalties | $390,935 |
| Occupancy | $20,772,667 |
| Travel | $6,274,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,782 |
| Interest | $55,484,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,802,737 |
| Insurance | $5,241,439 |
| All other expenses | $12,801,581 |
| Total functional expenses | $1,633,843,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,941,492 |
| Savings and temporary cash investments | $326,210,882 |
| Pledges and grants receivable | $1,639,297 |
| Accounts receivable, net | $18,589,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,888,215 |
| Prepaid expenses and deferred charges | $4,007,395 |
| Net Land, buildings, and equipment | $1,358,383,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $100,000,000 |
| Other assets | $28,490,044 |
| Total assets | $1,965,149,910 |
| Accounts payable and accrued expenses | $71,621,662 |
| Grants payable | $0 |
| Deferred revenue | $182,771,240 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,129,369,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,439,232 |
| Total liabilities | $1,510,201,421 |
| Net assets without donor restrictions | $447,682,328 |
| Net assets with donor restrictions | $7,266,161 |
| 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 | $1,965,149,910 |
Grants Awarded
Over the last fiscal year, Grand Canyon University has awarded $446,227 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA EDUCATIONAL FOUNDATION PURPOSE: In support of their mission | $5,300 |
CHILDHELP INC PURPOSE: In support of their mission | $10,000 |
FIESTA EVENTS INC PURPOSE: In support of their mission | $10,000 |
GRAND CANYON UNIVERSITY CITYSERVE PURPOSE: In support of their mission | $345,927 |
NAISMITH MEM BASKETBALL HALL OF FAME INC PURPOSE: In support of their mission | $75,000 |