Jacksonville University
- Assets
- $361.9m
- Revenue
- $172.0m
- Investments
- $8.2m
- Employees
- 1,558
- Location
- Jacksonville, FL
- Founding
- 06/1944
- Data as of
- 06/2021
- EIN
- 59-0624412
Organization Overview
Jacksonville University is located in Jacksonville, FL. The organization was established in 1944. 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, Jacksonville University employed 1,558 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville 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, Jacksonville University generated $172.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $159.6m during the year ending 06/2021. While expenses have increased by 3.7% 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
THE MISSION OF JACKSONVILLE UNIVERSITY IS TO PREPARE EACH STUDENT FOR LIFE-LONG LEARNING, ACHIEVING, LEADING, AND SERVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JACKSONVILLE UNIVERSITY ("JU") IS A SMALL, COMPREHENSIVE, INDEPENDENT UNIVERSITY COMBINING THE BEST ATTRIBUTES OF THE LIBERAL ARTS AND SCIENCES TRADITION AND PROFESSIONAL STUDIES. THE JU LEARNING COMMUNITY PROVIDES PERSONALIZED SERVICE AND CLOSE STUDENT-FACULTY INTERACTION WITH AN EMPHASIS ON ENGAGED LEARNING. THE COLLEGE OF ARTS & SCIENCES, THE DAVIS COLLEGE OF BUSINESS, THE COLLEGE OF FINE ARTS, THE COLLEGE OF HEALTH SCIENCES, AND THE SCHOOL OF ORTHODONTICS OFFER MORE THAN 70 UNDERGRADUATE MAJORS PLUS GRADUATE PROGRAMS IN BUSINESS, CHOREOGRAPHY, VISUAL ARTS, EDUCATION, MATH, MARINE SCIENCE, NURSING AND ORTHODONTICS. JACKSONVILLE UNIVERSITY PREPARES ITS STUDENTS TO SUCCEED IN MEANINGFUL CAREERS AND ADVANCED STUDY AT THE GRADUATE LEVEL AND ALSO TO FUNCTION AS WELL-EDUCATED, WELL-ROUNDED, SERVICE-MINDED CITIZENS IN OUR MODERN SOCIETY. ON AUGUST 16, 2021, JU OPENED A NEW INSTRUCTIONAL SITE IN PALM COAST, FLORIDA. IN PARTNERSHIP WITH THE CITY OF PALM COAST, THIS CAMPUS ALLOWS JU TO BRING AWARD-WINNING HEALTHCARE EDUCATION PROGRAMS TO THE REGION. JACKSONVILLE UNIVERSITY PALM COAST IS LOCATED IN THE CITY'S TOWN CENTER, CREATING AN EDUCATIONAL CORRIDOR DELIVERING QUALITY EDUCATIONAL PROGRAMMING AND INNOVATIVE WORKFORCE DEVELOPMENT THROUGHOUT NORTHEAST FLORIDA AND BEYOND. THE PALM COAST LOCATION CURRENTLY OFFERS SEVERAL HIGHLY ACCLAIMED JU PROGRAMS, INCLUDING MASTER OF SCIENCE IN SPEECH LANGUAGE PATHOLOGY, MASTER OF SCIENCE IN CLINICAL MENTAL HEALTH COUNSELING, AND A 16-MONTH SECOND DEGREE BACHELOR OF SCIENCE IN NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary & Advocate | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 40 | $643,045 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Business Services Dining Services/facilities | 6/29/22 | $7,790,925 |
Aerosim Academy Inc Student Flight Lessons | 6/29/22 | $2,341,803 |
Balfour Beaty Construction Construction | 6/29/22 | $2,231,299 |
Bisk Education Education Services | 6/29/22 | $950,000 |
Unifyed Llc It Services | 6/29/22 | $325,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,333,179 |
| Investment income | $1,864,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,796 |
| Net Gain/Loss on Asset Sales | $5,626,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,045,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $59,069,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,087,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,820,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,750,513 |
| Payroll taxes | $3,351,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227,836 |
| Fees for services: Accounting | $112,027 |
| Fees for services: Lobbying | $110,388 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $260,696 |
| Fees for services: Other | $6,296,257 |
| Advertising and promotion | $745,991 |
| Office expenses | $1,481,105 |
| Information technology | $1,965,997 |
| Royalties | $0 |
| Occupancy | $3,466,255 |
| Travel | $1,236,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,404 |
| Interest | $8,449,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,356,982 |
| Insurance | $1,561,602 |
| All other expenses | $0 |
| Total functional expenses | $159,594,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,387,108 |
| Savings and temporary cash investments | $7,544,583 |
| Pledges and grants receivable | $4,356,277 |
| Accounts receivable, net | $73,426,621 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,992,842 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,685,766 |
| Investments—publicly traded securities | $58,375,816 |
| Investments—other securities | $8,173,896 |
| Investments—program-related | $0 |
| Intangible assets | $2,507,500 |
| Other assets | $18,956,642 |
| Total assets | $361,875,229 |
| Accounts payable and accrued expenses | $13,978,913 |
| Grants payable | $0 |
| Deferred revenue | $72,244,770 |
| Tax-exempt bond liabilities | $136,918,593 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,936,981 |
| Unsecured mortgages and notes payable | $8,540,000 |
| Other liabilities | $14,374,722 |
| Total liabilities | $255,993,979 |
| 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 | $105,881,250 |