Shenandoah University
- Assets
- $263.0m
- Revenue
- $128.4m
- Investments
- $10.5m
- Employees
- 2,799
- Location
- Winchester, VA
- Founding
- 02/1939
- Data as of
- 06/2020
- EIN
- 54-0525605
Organization Overview
Shenandoah University is located in Winchester, VA. The organization was established in 1939. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Shenandoah University employed 2,799 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah 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 06/2020, Shenandoah University generated $128.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $130.0m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SHENANDOAH UNIVERSITY EDUCATES AND INSPIRES INDIVIDUALS TO BE CRITICAL, REFLECTIVE THINKERS; LIFELONG LEARNERS; AND ETHICAL, COMPASSIONATE CITIZENS WHO ARE COMMITTED TO MAKING RESPONSIBLE CONTRIBUTIONS WITHIN A COMMUNITY, A NATION AND THE WORLD. A SHENANDOAH UNIVERSITY EDUCATION INCORPORATES SCHOLARSHIP, EXPERIENTIAL LEARNING AND SOPHISTICATED TECHNOLOGIES AS WELL AS PRACTICAL WISDOM. THE UNIVERSITY PROVIDES STUDENTS WITH THE ACADEMIC CONTENT AND ANALYTICAL SKILLS THEY WILL NEED TO LAUNCH SUCCESSFUL CAREERS, AND HARNESS TECHNOLOGIES THAT WILL ENABLE THEM TO CREATE NEW IDEAS, PRODUCTS AND SERVICES THAT IMPACT A GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR 2020-2021 SHENANDOAH UNIVERSITY CONTINUED ITS FOCUS ON EXCELLENCE AND INNOVATION WITH ENROLLMENT OF 4,555 STUDENTS IN GRADUATE AND UNDERGRADUATE PROGRAMS IN (FALL/SPRING 2020/2021) THROUGH ITS SEVEN SCHOOLS AND MORE THAN 100 PROGRAMS OF STUDY.
STUDENT SERVICES INCLUDES ADMISSIONS, REGISTRAR, STUDENT AFFAIRS, STUDENT ORGANIZATIONS, AND ATHLETIC PROGRAMS. DURING FISCAL YEAR 2019-2020, SHENANDOAH UNIVERSITY HAD 113 RECOGNIZED STUDENT CLUBS AND ORGANIZATIONS. SHENANDOAH UNIVERSITY SPONSORED 22 INTERCOLLEGIATE TEAMS (11 FOR WOMEN AND 11 FOR MEN), WITH A TOTAL STUDENT-ATHLETE INVOLVEMENT OF APPROXIMATELY 445. INTERCOLLEGIATE ATHLETICS ARE AN INTEGRAL ASPECT OF STUDENT LIFE ON THE SHENANDOAH UNIVERSITY CAMPUS, WITH THE MAJORITY OF STUDENTS INVOLVED EITHER AS PARTICIPANTS OR SPECTATORS.
AUXILIARY SERVICES INCLUDES THE UNIVERSITY'S RESIDENCE HALLS, BOOKSTORE, AND CHILDCARE FACILITIES. DURING FISCAL YEAR 2020-2021 SHENANDOAH HOUSED APPROXIMATELY 845 STUDENTS ON CAMPUS.
SHENANDOAH UNIVERSITY'S OTHER PROGRAM SERVICES NOT DETAILED IN PART III INCLUDE THE MAINTENANCE OF SHENANDOAH UNIVERSITY'S CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Fitzsimmons President And Registered Agent | Officer | 40 | $364,321 |
Robert Dicenzo Dean - School Of Pharmacy | Officer | 40 | $232,137 |
Robert L Keasler Jr VP For Admin & Finance | Officer | 40 | $225,714 |
Mitchell L Moore Senior VP And VP For Advancement | Officer | 40 | $201,883 |
Adrienne G Bloss VP Academic Affairs | Officer | 40 | $197,073 |
Michael Stepniak Dean - Conservatory | Officer | 40 | $191,159 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Howard Shockey & Sons Inc Construction | 6/29/21 | $4,664,864 |
H&w Construction Co Construction | 6/29/21 | $3,086,726 |
Sodexo Campus Services Food Service | 6/29/21 | $2,541,504 |
Power Concepts Inc Electrical Contractor | 6/29/21 | $703,565 |
Ebsco Subscription Services Periodical Subscription Services | 6/29/21 | $434,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,777,962 |
| Investment income | $1,496,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77,715 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $999,612 |
| Net Income from Fundraising Events | $31,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,402,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,870,330 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,598,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,308,677 |
| Pension plan accruals and contributions | $2,827,957 |
| Other employee benefits | $6,716,399 |
| Payroll taxes | $3,587,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124,355 |
| Fees for services: Accounting | $126,136 |
| Fees for services: Lobbying | $3,270 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $261,209 |
| Office expenses | $3,581,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,969,192 |
| Travel | $1,996,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,690,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,212,143 |
| Insurance | $822,273 |
| All other expenses | $0 |
| Total functional expenses | $130,031,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,600 |
| Savings and temporary cash investments | $11,661,985 |
| Pledges and grants receivable | $1,516,034 |
| Accounts receivable, net | $1,512,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,190,931 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,185,096 |
| Investments—publicly traded securities | $57,248,536 |
| Investments—other securities | $10,472,724 |
| Investments—program-related | $1,005,326 |
| Intangible assets | $0 |
| Other assets | $1,166,584 |
| Total assets | $263,006,503 |
| Accounts payable and accrued expenses | $8,681,508 |
| Grants payable | $2,781,519 |
| Deferred revenue | $1,825,498 |
| Tax-exempt bond liabilities | $83,989,365 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,988,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,167,965 |
| Total liabilities | $116,434,627 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $146,571,876 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that Shenandoah University has recieved totaling $1,598,944.
| Awarding Organization | Amount |
|---|---|
Affordable Housing Corporation Winchester, VA PURPOSE: CHARITABLE | $500,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing and allied health scholarships. | $341,900 |
The Mirza Family Foundation Herndon, VA PURPOSE: PROGRAM ASSISTANCE - EDUCATIONAL SERVICES/COVID 19 ASSISTANCE | $250,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $117,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $42,000 |
Shockey Foundation Winchester, VA PURPOSE: PRE-VETERINARY PROGRAM | $40,000 |
Endowment Analysis
| Beg. Balance | $68,448,014 |
| Earnings | $15,114,439 |
| Admin Expense | $228,822 |
| Net Contributions | $3,569,044 |
| Other Expense | $1,488,392 |
| Grants | $1,615,320 |
| Ending Balance | $83,798,963 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Howard University Washington, DC | $1,667,010,000 | $1,025,632,000 |
American University Washington, DC | $2,059,436,434 | $862,369,744 |
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Catholic University Of America Washington, DC | $943,835,203 | $334,648,312 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Loyola University Maryland Inc Baltimore, MD | $700,282,931 | $288,447,259 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Gallaudet University Washington, DC | $475,474,360 | $202,751,628 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |