Hodges University Inc
- Assets
- $42.7m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 224
- Location
- Ft Myers, FL
- Founding
- 03/1977
- Data as of
- 06/2023
- EIN
- 59-6605703
Organization Overview
Hodges University Inc is located in Ft Myers, FL. The organization was established in 1977. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Hodges University Inc employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hodges 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 06/2023, Hodges University Inc generated $13.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $19.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PREPARES STUDENTS TO LEVERAGE HIGHER LEARNING IN THEIR PERSONAL, PROFESSIONAL AND CIVIC ENDEAVORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HODGES UNIVERSITY WILL BE RECOGNIZED FOR EXCELLENCE IN CAREER-FOCUSED INCLUSIVE EDUCATION AND COMMUNITY ENGAGEMENT. HODGES UNIVERSITY, A PRIVATE, NONPROFIT INSTITUTION OF HIGHER LEARNING, IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES TO AWARD ASSOCIATE, BACHELOR'S, AND MASTER'S DEGREES.THE UNIVERSITY OFFERS FLEXIBLE SCHEDULES OF DAY, EVENING AND ONLINE CLASSES, CAREER COUNSELING, AND HANDS-ON SUPPORT FROM A HIGHLY QUALIFIED FACULTY. ALL OF THESE FACTORS CULMINATE TO PRODUCE A LEARNING ENVIRONMENT UNLIKE ANY OTHER INSTITUTION IN THE REGION.CONTINUED ON SCHEDULE ODEGREES:5 MASTER'S DEGREES 15 BACHELOR'S DEGREES 3 ASSOCIATES IN ARTS DEGREE8 ASSOCIATE IN SCIENCE DEGREES3 GRADUATE CERTIFICATE PROGRAMS16 UNDERGRADUATE CERTIFICATE PROGRAMSCONTINUING EDUCATION:ENGLISH AS A SECOND LANGUAGE CERTIFICATE PROGRAMHODGES UNIVERSITY SCHOOLS:FISHER SCHOOL OF TECHNOLOGYJOHNSON SCHOOL OF BUSINESSNICHOLS SCHOOL OF PROFESSIONAL STUDIESSCHOOL OF HEALTH SCIENCESSCHOOL OF GENERAL STUDIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Salome Chair | OfficerTrustee | 1 | $0 |
Marisa Cleveland Vice Chair | OfficerTrustee | 1 | $0 |
Tamika Seaton Trustee/vice Chair As Of 11/22 | OfficerTrustee | 1 | $0 |
Angel Cerritos Trustee | Trustee | 1 | $0 |
Jerry Mchale Trustee | Trustee | 1 | $0 |
Leslie H King III Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dec Contracting Group Inc Building Repair | 6/29/23 | $280,650 |
Collegiate Enterprise Solutions Llc Contract Labor | 6/29/23 | $267,203 |
Allied Universal Security Services Security | 6/29/23 | $189,527 |
Eab Global Inc Consulting | 6/29/23 | $175,981 |
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 | $1,367,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,367,779 |
| Total Program Service Revenue | $12,095,131 |
| Investment income | $477,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,420 |
| Net Gain/Loss on Asset Sales | -$21,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$172,087 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,753,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,881 |
| Grants and other assistance to domestic individuals. | $919,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $590,490 |
| Compensation of current officers, directors, key employees. | $53,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,509,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $458,064 |
| Payroll taxes | $616,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,605 |
| Fees for services: Accounting | $127,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $603,454 |
| Advertising and promotion | $1,045,235 |
| Office expenses | $110,019 |
| Information technology | $1,561,860 |
| Royalties | $0 |
| Occupancy | $1,573,340 |
| Travel | $85,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,277 |
| Interest | $1,352,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,047,698 |
| Insurance | $232,316 |
| All other expenses | $116,258 |
| Total functional expenses | $19,250,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,189 |
| Savings and temporary cash investments | $1,114,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,475,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,107 |
| Prepaid expenses and deferred charges | $974,736 |
| Net Land, buildings, and equipment | $22,774,161 |
| Investments—publicly traded securities | $13,544,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450,225 |
| Total assets | $42,698,284 |
| Accounts payable and accrued expenses | $1,308,688 |
| Grants payable | $0 |
| Deferred revenue | $1,641,926 |
| 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 | $494,249 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,117,375 |
| Total liabilities | $18,562,238 |
| Net assets without donor restrictions | $20,081,662 |
| Net assets with donor restrictions | $4,054,384 |
| 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 | $42,698,284 |
Grants Awarded
Over the last fiscal year, Hodges University Inc has awarded $15,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF SW FLORIDA PURPOSE: TO SUPPORT GENERAL OPERATIONS | $5,750 |
NCH HEALTHCARE FOUNDATION PURPOSE: TO SUPPORT GENERAL OPERATIONS | $5,000 |
COMMUNITY FOUNDATION OF COLLIER COUNTY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $5,000 |