Campbellsville University Inc
- Assets
- $197.2m
- Revenue
- $142.3m
- Investments
- $0.0
- Employees
- 1,880
- Location
- Campbellsville, KY
- Founding
- 10/1943
- Data as of
- 06/2021
- EIN
- 61-0469267
Organization Overview
Campbellsville University Inc is located in Campbellsville, KY. The organization was established in 1943. 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, Campbellsville University Inc employed 1,880 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Campbellsville 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, Campbellsville University Inc generated $142.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $124.2m during the year ending 06/2021. While expenses have increased by 10.8% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A QUALITY LIBERAL ARTS EDUCATION TO STUDENTS UTILIZING THE FOUR CORE VALUES OF THE INSTITUTION WHICH INCLUDE: TO FOSTER ACADEMIC EXCELLENCE THROUGH PRE-PROFESSIONAL CERTIFICATES, ASSOCIATES, BACCALAUREATE AND MASTER'S PROGRAMS THROUGH TRADITIONAL, TECHNICAL AND ONLINE SYSTEMS; TO PROVIDE AN ENVIRONMENT CONDUCIVE TO STUDENT SUCCESS; TO UPHOLD THE DIGNITY OF ALL PERSONS AND VALUE DIVERSE PERSPECTIVES WITHIN A CHRIST-CENTERED COMMUNITY; AND TO MODEL SERVANT LEADERSHIP THROUGH EFFECTIVE STEWARDSHIP OF RESOURCES. OVER 90% OF OUR STUDENTS RECEIVE STUDENT FINANCIAL AID IN THE FORM OF ACADEMIC SCHOLARSHIPS, GRANTS, LOANS AND STUDENT EMPLOYMENT OPPORTUNITIES. THE UNIVERSITY HAS OVER 100 ACADEMIC PROGRAMS AND IS COMMITTED TO ACADEMIC EXCELLENCE THROUGH A STUDENT TO FACULTY RATIO OF 16:1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael V Carter Former President | 1 | $376,982 | |
Dr H Keith Spears Chancellor | Officer | 50 | $337,406 |
Mr Kiran Palla Instructor In Business | 40 | $259,220 | |
Dr Anil Palla Asst Professor Of Business | 40 | $232,140 | |
Dr Nagamani Palla Lead Professor Of Ba500 | 40 | $217,823 | |
Dr Donna Hedgepath Provost/vp Acad Affairs | Officer | 50 | $210,703 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiley Education Services Llc Online Platform | 6/29/22 | $7,114,585 |
Pro-services Inc Construction | 6/29/22 | $1,891,943 |
Pioneer College Caterers Food Services | 6/29/22 | $4,041,742 |
University Hub Inc Marketing | 6/29/22 | $7,927,688 |
Blevins Construction Construction | 6/29/22 | $1,537,218 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,130,434 |
| Investment income | $410,409 |
| Tax Exempt Bond Proceeds | $105 |
| Royalties | $0 |
| Net Rental Income | $683,392 |
| Net Gain/Loss on Asset Sales | $2,083,697 |
| Net Income from Fundraising Events | $5,966 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,326,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $27,135,169 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,631,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,870,969 |
| Pension plan accruals and contributions | $594,991 |
| Other employee benefits | $5,409,691 |
| Payroll taxes | $2,921,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $822,460 |
| Fees for services: Accounting | $89,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200,226 |
| Fees for services: Other | $11,736,358 |
| Advertising and promotion | $10,181,137 |
| Office expenses | $2,659,600 |
| Information technology | $1,855,115 |
| Royalties | $0 |
| Occupancy | $6,413,167 |
| Travel | $1,301,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,151,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,469,496 |
| Insurance | $257,240 |
| All other expenses | $0 |
| Total functional expenses | $124,193,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,572,752 |
| Pledges and grants receivable | $810,394 |
| Accounts receivable, net | $5,779,430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $226,164 |
| Inventories for sale or use | $115,269 |
| Prepaid expenses and deferred charges | $635,184 |
| Investments—publicly traded securities | $33,271,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,634,742 |
| Total assets | $197,242,279 |
| Accounts payable and accrued expenses | $10,448,429 |
| Grants payable | $0 |
| Deferred revenue | $2,772,231 |
| Tax-exempt bond liabilities | $35,769,505 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $39,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,774,088 |
| Total liabilities | $55,803,315 |
| 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 | $141,438,964 |