Newman University Inc
- Assets
- $69.3m
- Revenue
- $40.9m
- Investments
- $0.0
- Employees
- 685
- Location
- Wichita, KS
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 48-0556716
Organization Overview
Newman University Inc is located in Wichita, KS. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Newman University Inc employed 685 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Newman University Inc 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, Newman University Inc generated $40.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $42.6m during the year ending 06/2022. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
NEWMAN UNIVERSITY PROVIDED EDUCATIONAL PROGRAMS AND COURSES FOR 4,056 STUDENTS WHO ENROLLED IN 50,678 CREDIT HOURS. 396 DEGREES WERE ISSUED BY THE UNIVERSITY. NEWMAN UNIVERSITY STUDENTS AND STAFF PROVIDED OVER 245,000 VOLUNTEER HOURS OF SERVICE TO THE LOCAL COMMUNITY AND NON-PROFIT AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Jagger President | OfficerTrustee | 40 | $243,749 |
Margaret Cook Director Of Crna Program | 40 | $178,409 | |
Sarah Kelly Asst Director Of Crna Program | 40 | $154,024 | |
Anthony Beata VP For Fin And Admin | Officer | 40 | $123,903 |
Jill Fort Interim Vpaa / Dean Of School | 40 | $117,969 | |
Paul Carney VP Of Enrollment Mgmt | 40 | $137,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Great Western Campus Dining Food Service | 6/29/22 | $532,189 |
Smart Security Security | 6/29/22 | $152,306 |
Forvis Auditing Services | 6/29/22 | $105,077 |
Eab Global Inc Enrollment Services | 6/29/22 | $537,053 |
Mcallister Quinn Llc Grant Consulting | 6/29/22 | $109,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,771 |
| Related organizations | $17,500 |
| Government grants | $2,671,776 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,065,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,893,230 |
| Total Program Service Revenue | $35,265,830 |
| Investment income | $73,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,135 |
| Net Gain/Loss on Asset Sales | $1,283,338 |
| Net Income from Fundraising Events | $3,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,918,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,660,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $431,954 |
| Compensation of current officers, directors, key employees. | $431,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,318,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,033,099 |
| Payroll taxes | $836,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,970 |
| Fees for services: Accounting | $99,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,920,032 |
| Advertising and promotion | $371,616 |
| Office expenses | $946,440 |
| Information technology | $639,689 |
| Royalties | $0 |
| Occupancy | $1,787,566 |
| Travel | $884,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $608,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,418,275 |
| Insurance | $504,592 |
| All other expenses | $364,168 |
| Total functional expenses | $42,589,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$187,055 |
| Savings and temporary cash investments | $855,836 |
| Pledges and grants receivable | $293,195 |
| Accounts receivable, net | $1,156,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,033 |
| Prepaid expenses and deferred charges | $84,135 |
| Net Land, buildings, and equipment | $40,409,053 |
| Investments—publicly traded securities | $24,337,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,306,132 |
| Total assets | $69,272,757 |
| Accounts payable and accrued expenses | $2,027,332 |
| Grants payable | $0 |
| Deferred revenue | $1,289,969 |
| Tax-exempt bond liabilities | $13,123,522 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $648,431 |
| Total liabilities | $17,104,161 |
| Net assets without donor restrictions | $28,626,874 |
| Net assets with donor restrictions | $23,541,722 |
| 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 | $69,272,757 |