Reinhardt University is located in Waleska, GA. The organization was established in 1949. 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, Reinhardt University employed 556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reinhardt 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 06/2022, Reinhardt University generated $47.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $43.6m during the year ending 06/2022. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF REINHARDT UNIVERSITY IS TO PROVIDE FOR ITS STUDENTS BACCALAUREATE AND GRADUATE EDUCATION AT A UNITED METHODIST AFFILIATED, COEDUCATIONAL UNIVERSITY THAT IS CHALLENGING, CARING, AND COMMITTED TO THE INDIVIDUAL.
Describe the Organization's Program Activity:
INSTUCTION- INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO BACHELOR'S AND MASTER'S LEVEL DEGREES FOR REINHARDT STUDENTS. (1,146 STUDENTS)
FINANCIAL AID- SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR THE STUDENTS ATTENDING UNIVERSITY. (1,442 STUDENTS)
AUXILIARY ENTERPRISES- RESIDENCE HALLS, FOOD SERVICES, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,146 STUDENTS)
STUDENT SERVICES- STUDENT DEVELOPMENT, COUNSELING, ATHLETICS, ADMISSIONS, FINANCIAL AID ADMINISTRATION, RECORDS, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,146 STUDENTS).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
C Ken White Chair | Trustee | 1 | $0 |
Phillip M Landrum III Vice Chair | Trustee | 1 | $0 |
M Ellen Mcelyea Secretary | Trustee | 1 | $0 |
Lewis A Cline Treasurer | Trustee | 1 | $0 |
Angela D Pharr Assistant Secretary | Trustee | 1 | $0 |
Sharon J Bartels Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Metz Culinary Management Food Services | 6/29/22 | $1,983,423 |
National Management Facilities Management | 6/29/22 | $1,436,068 |
Above Grade Education Services | 6/29/22 | $786,579 |
Georgia Power Utilities | 6/29/22 | $784,330 |
Cigna Healthcare Health Services | 6/29/22 | $1,309,860 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $88,820 |
Related organizations | $0 |
Government grants | $4,192,783 |
All other contributions, gifts, grants, and similar amounts not included above | $3,420,241 |
Noncash contributions included in lines 1a–1f | $204,869 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,701,844 |
Total Program Service Revenue | $34,523,759 |
Investment income | $2,864,538 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,258,376 |
Net Income from Fundraising Events | $150,630 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $47,495,084 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $12,655,448 |
Grants and other assistance to Foreign Orgs/Individuals | $1,318,815 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $882,562 |
Compensation of current officers, directors, key employees. | $126,244 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,909,200 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,384,796 |
Payroll taxes | $822,519 |
Fees for services: Management | $0 |
Fees for services: Legal | $18,007 |
Fees for services: Accounting | $87,589 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $276,569 |
Fees for services: Other | $2,913,240 |
Advertising and promotion | $358,670 |
Office expenses | $256,933 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $938,652 |
Travel | $622,124 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $167,281 |
Interest | $1,320,979 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,257,500 |
Insurance | $370,279 |
All other expenses | $861,088 |
Total functional expenses | $43,630,262 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,032,879 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,062,166 |
Accounts receivable, net | $1,999,505 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,508,905 |
Inventories for sale or use | $12,900 |
Prepaid expenses and deferred charges | $1,433,868 |
Net Land, buildings, and equipment | $56,391,741 |
Investments—publicly traded securities | $41,457,045 |
Investments—other securities | $4,630,243 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,600,264 |
Total assets | $114,129,516 |
Accounts payable and accrued expenses | $2,352,287 |
Grants payable | $0 |
Deferred revenue | $811,379 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $37,964,171 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $41,127,837 |
Net assets without donor restrictions | $36,710,979 |
Net assets with donor restrictions | $36,290,700 |
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 | $114,129,516 |