University Of Pikeville
- Assets
- $204.2m
- Revenue
- $83.0m
- Investments
- $836.1k
- Employees
- 2,174
- Location
- Pikeville, KY
- Founding
- 03/1952
- Data as of
- 06/2023
- EIN
- 61-0444788
Organization Overview
University Of Pikeville is located in Pikeville, KY. The organization was established in 1952. 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, University Of Pikeville employed 2,174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Pikeville 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, University Of Pikeville generated $83.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $78.2m during the year ending 06/2023. While expenses have increased by 4.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UNDERGRADUATE AND OSTEOPATHIC MEDICAL EDUCATION OF STUDENTS PRIMARILY FROM APPALACHIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - INCLUDES ALL ACTIVITIES THAT ARE PART OF THE INSTITUTION'S PRIMARY MISSION.SINCE OUR FOUNDING, MORE THAN 13,000 UPIKE ALUMNI HAVE GONE ON TO BECOME LEADERS IN BUSINESS, EDUCATION, LAW, NURSING, AND MANY OTHER FIELDS, INCLUDING MEDICINE. THE UNIVERSITY OF PIKEVILLE OFFERS AN OUTSTANDING LIBERAL ARTS BASED EDUCATION WITH 30 BACHELOR DEGREE PROGRAMS, FOUR ASSOCIATE DEGREE PROGRAMS, NINE CERTIFICATE PROGRAMS, 2 POST-BACCALAUREATE PROGRAMS, THREE MASTER'S PROGRAMS AND TWO PROFESSIONAL PROGRAMS. , INCLUDING A MASTER OF BUSINESS ADMINISTRATION, A MASTER OF SOCIAL WORK, AND TEACHER LEADER PROGRAM. THE TWO CURRENTLY OPERATING PROFESSIONAL PROGRAMS ARE OSTEOPATHIC MEDICINE AND OPTOMETRY. STUDY ABROAD, EXPERIENTIAL AND SERVICE LEARNING AND ATHLETIC OPPORTUNITIES ARE CENTRAL TO THE UPIKE EXPERIENCE AND STUDENT SUCCESS. FROM OUR FACULTY AND STAFF - WHO ARE THE HEART OF THE INSTITUTION - TO OUR BOARD OF TRUSTEES, ALUMNI, AND FRIENDS, WE STAND TOGETHER IN CHARTING THE COURSE AS THE LEADING UNIVERSITY OF CENTRAL APPALACHIA.
AUXILIARY ENTERPRISES - FOOD SERVICE, STUDENT, AND PUBLIC SERVICE.
STUDENT SERVICES AND ACADEMIC SUPPORT - INCLUDES FUNDS FOR OFFICES OF ADMISSIONS AND REGISTRAR WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT ENROLLMENT AND CLASS SCHEDULES. STUDENT SERVICES CONTRIBUTE TO THE EMOTIONAL AND PHYSICAL WELL-BEING OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry L Dotson Chairman | Trustee | 10 | $0 |
M Lynn Parrish Vice Chairman | Trustee | 2 | $0 |
Daniel P Stratton Secretary | Trustee | 2 | $0 |
Nancy Horn Barker Trustee | Trustee | 2 | $0 |
Marcy Cassady Trustee | Trustee | 2 | $0 |
Donald F Cecil Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Management Services Food Services/cleaning Services | 6/29/23 | $4,640,924 |
Central Bridge Llc Construction Services | 6/29/23 | $900,000 |
Eop Architects Psc Construction Services | 6/29/23 | $913,254 |
Newtech Systems Av/it | 6/29/23 | $570,991 |
Pikeville Medical Center Rotations And Clinical | 6/29/23 | $351,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,440,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,692,415 |
| Noncash contributions included in lines 1a–1f | $664,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,133,198 |
| Total Program Service Revenue | $71,519,956 |
| Investment income | $1,338,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $161,869 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,982,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,548,592 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,913,925 |
| Compensation of current officers, directors, key employees. | $629,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,047,610 |
| Pension plan accruals and contributions | $1,383,295 |
| Other employee benefits | $1,709,177 |
| Payroll taxes | $1,803,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,826 |
| Fees for services: Accounting | $96,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110,679 |
| Fees for services: Other | $6,434,436 |
| Advertising and promotion | $423,567 |
| Office expenses | $118,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,915,349 |
| Travel | $1,873,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,676,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,165,794 |
| All other expenses | $2,804,723 |
| Total functional expenses | $78,234,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,719,132 |
| Pledges and grants receivable | $7,942,165 |
| Accounts receivable, net | $1,977,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,271,380 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,258,499 |
| Net Land, buildings, and equipment | $123,563,466 |
| Investments—publicly traded securities | $24,145,568 |
| Investments—other securities | $836,082 |
| Investments—program-related | $53,706 |
| Intangible assets | $0 |
| Other assets | $6,393,500 |
| Total assets | $204,160,628 |
| Accounts payable and accrued expenses | $5,287,265 |
| Grants payable | $0 |
| Deferred revenue | $5,425,218 |
| 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 | $90,607,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $607,095 |
| Total liabilities | $101,926,701 |
| Net assets without donor restrictions | $52,567,479 |
| Net assets with donor restrictions | $49,666,448 |
| 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 | $204,160,628 |