Point University Inc
- Assets
- $44.1m
- Revenue
- $32.4m
- Investments
- $0.0
- Employees
- 541
- Location
- West Point, GA
- Founding
- 12/1949
- Data as of
- 06/2021
- EIN
- 58-6044761
Organization Overview
Point University Inc is located in West Point, 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, Point University Inc employed 541 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point University Inc 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, Point University Inc generated $32.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $31.1m during the year ending 06/2021. 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
TO EDUCATE STUDENTS FOR CHRIST-CENTERED SERVICE AND LEADERSHIP THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POINT UNIVERSITY OFFERS ASSOCIATE DEGREE PROGRAMS, BACHELOR'S DEGREE PROGRAMS, MASTER'S DEGREE PROGRAMS, AND CERTIFICATE PROGRAMS IN THE ACADEMIC AREAS OF BIBLICAL STUDIES AND MINISTRY, BUSINESS AND LEADERSHIP, SOCIAL AND BEHAVIORAL SCIENCES AND HUMAN SERVICES, EDUCATION, HUMANITIES, MUSIC, BIOLOGY, AND EXERCISE AND HEALTH SCIENCES (NOT ALL ACADEMIC AREAS AT ALL LEVELS). OVER 2,000 STUDENTS ARE ENROLLED IN THE RESIDENTIAL PROGRAM AT WEST POINT, THE ONLINE PROGRAM, AND OFF-SITE LOCATIONS (PEACHTREE CITY AND SAVANNAH IN GEORGIA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dean C Collins President | Officer | 40 | $186,387 |
Nadeena Power CFO | Officer | 40 | $112,153 |
Stacy Bartlett Chief Of Staff | 40 | $105,328 | |
Stephen T Weaver Faculty | 40 | $118,786 | |
Andre Kennebrew Trustee/chair | OfficerTrustee | 2 | $0 |
Faith Simpson Trustee/vice Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Contracted Dining Hall Services | 6/29/22 | $1,286,446 |
Anthology Inc Software Maintenance And Support. | 6/29/22 | $369,804 |
Sparkling Clean Reflections Inc Contracted Janitorial/cleaning Service. | 6/29/22 | $339,622 |
Synergy Campus Security Services Llc Contracted Campus Security Service. | 6/29/22 | $264,844 |
Alpharesults Llc Offsite Consulting Service For Erc. | 6/29/22 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,893,101 |
| Investment income | $186,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $819,857 |
| Net Gain/Loss on Asset Sales | -$142,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,402,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,341,486 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $329,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,574,502 |
| Pension plan accruals and contributions | $148,460 |
| Other employee benefits | $1,323,922 |
| Payroll taxes | $755,803 |
| Fees for services: Management | $849,023 |
| Fees for services: Legal | $72,670 |
| Fees for services: Accounting | $59,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $141,777 |
| Office expenses | $552,464 |
| Information technology | $0 |
| Royalties | $1,812,009 |
| Occupancy | $2,379,841 |
| Travel | $503,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,178,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,175,201 |
| Insurance | $404,671 |
| All other expenses | $0 |
| Total functional expenses | $31,086,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,468,614 |
| Savings and temporary cash investments | $6,019,542 |
| Pledges and grants receivable | $765,386 |
| Accounts receivable, net | $618,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,340,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,111,989 |
| Accounts payable and accrued expenses | $2,807,527 |
| Grants payable | $0 |
| Deferred revenue | $619,593 |
| 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 | $17,289,153 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,478,392 |
| Total liabilities | $22,194,665 |
| 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 | $21,917,324 |