Shenandoah University
- Assets
- $288.2m
- Revenue
- $145.5m
- Investments
- $10.6m
- Employees
- 2,799
- Location
- Winchester, VA
- Founding
- 02/1939
- Data as of
- 06/2021
- 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 06/2022, 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 06/2021, Shenandoah University generated $145.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $129.8m during the year ending 06/2021. While expenses have increased by 1.7% 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
2021
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 2021-2022 SHENANDOAH UNIVERSITY CONTINUED ITS FOCUS ON EXCELLENCE AND INNOVATION WITH ENROLLMENT OF 4,381 STUDENTS IN GRADUATE AND UNDERGRADUATE PROGRAMS IN FALL/SPRING THROUGH ITS SIX SCHOOLS AND MORE THAN 200 AREAS OF STUDY.
SHENANDOAH UNIVERSITY'S OTHER PROGRAM SERVICES NOT DETAILED IN PART III INCLUDE THE MAINTENANCE OF SHENANDOAH UNIVERSITY'S CAMPUSES.
STUDENT SERVICES INCLUDES ADMISSIONS, REGISTRAR, STUDENT AFFAIRS, STUDENT ORGANIZATIONS, AND ATHLETIC PROGRAMS. DURING FISCAL YEAR 2021-2022, SHENANDOAH UNIVERSITY HAD 90 RECOGNIZED STUDENT CLUBS AND ORGANIZATIONS. SHENANDOAH UNIVERSITY SPONSORED 18 INTERCOLLEGIATE TEAMS (9 FOR WOMEN AND 9 FOR MEN) WITH A TOTAL STUDENT-ATHLETE INVOLVEMENT OF APPROXIMATELY 484. 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 2021-2022 SHENANDOAH HOUSED APPROXIMATELY 1,000 STUDENTS ON CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Michael Perry Chair | OfficerTrustee | 0 | $0 |
James U Imoh Vice Chair | OfficerTrustee | 0 | $0 |
Lauren Peterson Secretary | OfficerTrustee | 0 | $0 |
Harry S Smith Treasurer | OfficerTrustee | 0 | $0 |
Walter H Aikens Trustee | Trustee | 0 | $0 |
David B Baxa Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Companies Construction | 6/29/22 | $1,833,853 |
Sodexo Campus Services Food Services | 6/29/22 | $3,638,783 |
Riddleberger Brothers Inc Construction | 6/29/22 | $914,196 |
Ellucian Company Lp Software | 6/29/22 | $778,589 |
H & W Construction Co Construction | 6/29/22 | $726,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,298,989 |
| Investment income | $1,329,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,432,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,533,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $29,410,397 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,248,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,402,709 |
| Pension plan accruals and contributions | $1,384,276 |
| Other employee benefits | $6,257,545 |
| Payroll taxes | $3,529,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,430 |
| Fees for services: Accounting | $53,675 |
| Fees for services: Lobbying | $4,140 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $126,884 |
| Office expenses | $2,265,781 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,568,777 |
| Travel | $947,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,684,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,008,974 |
| Insurance | $951,865 |
| All other expenses | $0 |
| Total functional expenses | $129,821,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,500 |
| Savings and temporary cash investments | $23,171,855 |
| Pledges and grants receivable | $868,560 |
| Accounts receivable, net | $1,755,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,150,449 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,256,087 |
| Investments—publicly traded securities | $72,527,330 |
| Investments—other securities | $10,557,015 |
| Investments—program-related | $414,857 |
| Intangible assets | $0 |
| Other assets | $1,051,812 |
| Total assets | $288,184,110 |
| Accounts payable and accrued expenses | $9,209,356 |
| Grants payable | $3,317,044 |
| Deferred revenue | $5,111,200 |
| Tax-exempt bond liabilities | $81,115,368 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,159,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,577,631 |
| Total liabilities | $113,489,913 |
| 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 | $174,694,197 |