University Of Charleston
- Assets
- $165.5m
- Revenue
- $66.5m
- Investments
- $0.0
- Employees
- 874
- Location
- Charleston, WV
- Founding
- 08/1948
- Data as of
- 06/2021
- EIN
- 55-0357039
Organization Overview
University Of Charleston is located in Charleston, WV. The organization was established in 1948. 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, University Of Charleston employed 874 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Charleston 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, University Of Charleston generated $66.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $65.0m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE EACH STUDENT FOR A LIFE OF PRODUCTIVE WORK, ENLIGHTENED LIVING AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
INSTRUCTION - THE UNIVERSITY PROVIDES EDUCATIONAL SERVICES AND INSTRUCTION TO APPROX. 2,400 FULL AND PART TIME STUDENTS SEEKING A COLLEGE EDUCATION AND/OR DEGREE
AUXILLARY ENTERPRISES CONSISTS OF EXPENSES INCURRED FOR OPERATIONS SUCH AS FOOD SERVICE AND HOUSING, WHICH EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF, AND ARE MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES.
SCHOLARSHIPS AND FELLOWSHIPS - THE UNIVERSITY PROVIDES FINANCIAL ASSISTANCE TO STUDENTS EITHER BASED ON NEED OR ACADEMIC MERIT
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Roth President,trustee Ex-Offic | Officer | 40 | $345,557 |
M D Omar Khan Assoc Dean - Pharmacy | 40 | $206,796 | |
Jerry Forster Executive VP & COO | Officer | 40 | $201,197 |
Kristy Lucas Prof. Of Pharmacy | 40 | $168,897 | |
David Bowyer Profess & Dept Chair | 40 | $161,347 | |
Kim Spiezio VP For Academic Life | Officer | 40 | $154,443 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Food-catering | 6/29/21 | $1,190,518 |
Assessment Technologies Consulting | 6/29/21 | $416,747 |
Sycom Technologies Consulting | 6/29/21 | $302,638 |
Google Inc Marketing | 6/29/21 | $275,035 |
Wilson Restoration Construction | 6/29/21 | $121,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,773,686 |
| Noncash contributions included in lines 1a–1f | $26,849 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,773,686 |
| Total Program Service Revenue | $57,603,240 |
| Investment income | $691,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,493,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,938,113 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,411,219 |
| Compensation of current officers, directors, key employees. | $1,411,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,892,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,312,379 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $507,222 |
| Advertising and promotion | $520,686 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $428,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $985,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,132,093 |
| Insurance | $759,459 |
| All other expenses | $611,494 |
| Total functional expenses | $64,995,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,889,624 |
| Savings and temporary cash investments | $335,210 |
| Pledges and grants receivable | $4,566,243 |
| Accounts receivable, net | $3,031,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,499 |
| Inventories for sale or use | $243,448 |
| Prepaid expenses and deferred charges | $232,346 |
| Net Land, buildings, and equipment | $81,256,890 |
| Investments—publicly traded securities | $43,056,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,634,447 |
| Total assets | $165,466,364 |
| Accounts payable and accrued expenses | $4,826,271 |
| Grants payable | $0 |
| Deferred revenue | $3,844,222 |
| Tax-exempt bond liabilities | $19,463,140 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $900,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,587,161 |
| Total liabilities | $35,620,794 |
| Net assets without donor restrictions | $59,587,408 |
| Net assets with donor restrictions | $70,258,162 |
| 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 | $165,466,364 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that University Of Charleston has recieved totaling $2,519,453.
| Awarding Organization | Amount |
|---|---|
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $686,191 |
Maier Foundation Inc Charleston, WV PURPOSE: OCCUPATIONAL THERAPY PROGRAM | $260,000 |
Elliot Foundation Inc Charleston, WV PURPOSE: SUPPORT | $215,793 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES | $200,200 |
Maier Foundation Inc Charleston, WV PURPOSE: DATA ANALYTICS PROGRAM & LABORATORY | $200,000 |
Charleston Area Medical Center Inc Charleston, WV PURPOSE: Nursing, Pharmacy and General Program Support | $189,996 |
Endowment Analysis
| Beg. Balance | $30,787,390 |
| Earnings | $9,468,115 |
| Net Contributions | $142,154 |
| Other Expense | -$373,676 |
| Grants | -$780,303 |
| Ending Balance | $39,243,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
University Of Lynchburg Lynchburg, VA | $240,911,893 | $116,895,847 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
Mc Daniel College Inc Westminster, MD | $217,534,229 | $113,872,650 |
Marymount University Arlington, VA | $272,414,108 | $118,614,940 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |