High Point University
- Assets
- $1.1b
- Revenue
- $422.1m
- Investments
- $52.4m
- Employees
- 2,926
- Location
- High Point, NC
- Founding
- 01/2009
- Data as of
- 05/2023
- EIN
- 56-0529999
Organization Overview
High Point University is located in High Point, NC. The organization was established in 2009. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 05/2023, High Point University employed 2,926 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point 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 05/2023, High Point University generated $422.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $357.0m during the year ending 05/2023. While expenses have increased by 8.4% per year over the past 8 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.
Since 2015, High Point University has awarded 102 individual grants totaling $26,222,157. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HIGH POINT UNIVERSITY'S INSPIRING ENVIRONMENT, CARING PEOPLE, AND ENGAGING EDUCATION EQUIP GRADUATES FOR SUCCESS AND SIGNIFICANCE BY CULTIVATING THE VALUES, KNOWLEDGE, MINDSET, AND SKILLS NECESSARY TO THRIVE IN A COMPETITIVE AND RAPIDLY CHANGING WORLD. THE VISION OF HIGH POINT UNIVERSITY IS TO BE A NATIONALLY PROMINENT, PRIVATE INSTITUTION RECOGNIZED FOR THE EXCELLENCE OF ITS ACADEMIC PROGRAMS, THE DEPTH OF ITS VALUES-BASED CULTURE, THE BREADTH OF ITS INCLUSIVENESS, AND THE STRENGTH OF ITS COMMITMENT TO EQUIPPING STUDENTS TO LEAD LIVES OF SUCCESS AND SIGNIFICANCE.
Describe the Organization's Program Activity:
HIGH POINT UNIVERSITY IS A PRIVATE, CO-ED UNIVERSITY COMMITTED TO PROVIDING STUDENTS WITH AN EXCEPTIONAL EDUCATION. HPU SERVES APPROXIMATELY 5,050 UNDERGRADUATE STUDENTS THROUGH ITS PHILLIPS SCHOOL OF BUSINESS, WANEK SCHOOL OF NATURAL SCIENCES, WEBB SCHOOL OF ENGINEERING, QUBEIN SCHOOL OF COMMUNICATIONS, HAYWORTH SCHOOL OF ARTS & DESIGN, SCHOOL OF NURSING, STOUT SCHOOL OF EDUCATION, CONGDON SCHOOL OF HEALTH SCIENCES, AND SCHOOL OF HUMANITIES AND BEHAVIORAL SCIENCES.
THE UNIVERSITY, THROUGH ITS NORCROSS GRADUATE SCHOOL, ALSO SERVES APPROXIMATELY 1,000 GRADUATE STUDENTS SEEKING DEGREES IN BUSINESS ADMINISTRATION, EDUCATION, ATHLETIC TRAINING, PHYSICIAN ASSISTANT, STRATEGIC COMMUNICATION, HEALTH SCIENCES, PHYSICAL THERAPY AND PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nido Qubein President | Officer | 60 | $3,634,690 |
Tubby Smith Coach | 40 | $2,400,589 | |
Daniel Erb Provost | Officer | 60 | $307,924 |
Brad Calloway Senior Vice President | Officer | 60 | $296,331 |
Scott DE Rossi Dean School Of Dental Medicine And Oral Health | 40 | $308,918 | |
Andrew Bills Senior Vice President | Officer | 40 | $286,562 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Budd Group Maintenance Services | 5/30/23 | $10,915,974 |
Aramark Food Services | 5/30/23 | $25,609,105 |
Samet Corporation General Contractor | 5/30/23 | $22,379,047 |
Stafford Homes Of The Triad General Contractor | 5/30/23 | $6,066,266 |
Shelco Llc General Contractor | 5/30/23 | $6,012,164 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,388,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,932,711 |
| Noncash contributions included in lines 1a–1f | $645,325 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,321,409 |
| Total Program Service Revenue | $352,297,282 |
| Investment income | $5,451,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $115,434 |
| Net Rental Income | -$1,106,461 |
| Net Gain/Loss on Asset Sales | $15,453 |
| Net Income from Fundraising Events | -$23,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,077,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,270,306 |
| Grants and other assistance to domestic individuals. | $81,890,159 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,061,358 |
| Compensation of current officers, directors, key employees. | $5,437,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,936,800 |
| Pension plan accruals and contributions | $4,299,000 |
| Other employee benefits | $11,144,872 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,685,327 |
| Fees for services: Accounting | $128,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $528,147 |
| Fees for services: Other | $10,775,067 |
| Advertising and promotion | $9,363,950 |
| Office expenses | $26,116,488 |
| Information technology | $6,254,930 |
| Royalties | $0 |
| Occupancy | $52,473,112 |
| Travel | $4,703,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,290,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,890,841 |
| Insurance | $3,331,250 |
| All other expenses | $8,593,598 |
| Total functional expenses | $356,958,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,515,486 |
| Savings and temporary cash investments | $88,115,075 |
| Pledges and grants receivable | $34,357,905 |
| Accounts receivable, net | $15,451,319 |
| Loans from Officers, Directors, or Controlling Persons | $8,174,840 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,343 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,540,044 |
| Net Land, buildings, and equipment | $839,753,762 |
| Investments—publicly traded securities | $75,589,718 |
| Investments—other securities | $52,414,209 |
| Investments—program-related | $0 |
| Intangible assets | $897,254 |
| Other assets | $9,896,624 |
| Total assets | $1,128,722,579 |
| Accounts payable and accrued expenses | $38,128,169 |
| Grants payable | $0 |
| Deferred revenue | $45,451,785 |
| Tax-exempt bond liabilities | $100,216,949 |
| Escrow or custodial account liability | $1,471,898 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,603,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,092,450 |
| Total liabilities | $187,965,236 |
| Net assets without donor restrictions | $765,862,704 |
| Net assets with donor restrictions | $174,894,639 |
| 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 | $1,128,722,579 |
Grants Awarded
Over the last fiscal year, High Point University has awarded $2,375,300 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SHIFT ED PURPOSE: GENERAL SUPPORT | $1,000,000 |
HIGH POINT COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $500,000 |
HIGH POINT REGIONAL HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $255,000 |
HORATIO ALGER ASSOCIATION PURPOSE: GENERAL SUPPORT | $250,000 |
UNITED WAY OF HIGH POINT INC PURPOSE: GENERAL SUPPORT | $140,000 |
NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES PURPOSE: GENERAL SUPPORT | $30,000 |