Bellarmine University
- Assets
- $217.5m
- Revenue
- $143.9m
- Investments
- $11.7m
- Employees
- 1,572
- Location
- Louisville, KY
- Founding
- 10/1952
- Data as of
- 05/2022
- EIN
- 61-0482955
Organization Overview
Bellarmine University is located in Louisville, KY. The organization was established in 1952. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Bellarmine University employed 1,572 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellarmine 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 05/2022, Bellarmine University generated $143.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $146.1m during the year ending 05/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BELLARMINE UNIVERSITY EDUCATES STUDENTS THROUGH UNDERGRADUATE AND GRADUATE PROGRAMS IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. THE UNIVERSITY IS AN INDEPENDENT CATHOLIC UNIVERSITY SERVING THE REGION, NATION, AND WORLD THROUGH POST-SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: 2,343 STUDENTS IN UNDERGRADUATE CLASSES; 627 STUDENTS IN GRADUATE CLASSES; 915 STUDENTS GRADUATED IN 2022-2023 ACADEMIC SCHOOL YEAR.
OTHER PROGRAM SERVICES INCLUDE: ATHLETIC SUPPORT, LIBRARY AND COMPUTER TECHNOLOGY SERVICES, AND SUPPORT FOR THE ACADEMIC DIVISIONS.
AUXILIARY HOUSING: AUXILIARY STUDENT HOUSING IS THE MAJOR AUXILIARY ENTERPRISE. LIVING QUARTERS WERE PROVIDED TO 1,019 STUDENTS IN THE RESIDENCE HALLS. THE ON-CAMPUS FOOD SERVICE PROGRAM AND CAMPUS STORE ARE INCLUDED IN TOTAL AUXILIARY ENTERPRISE.
STUDENT SERVICES: THE FOLLOWING DEPARTMENTS ENCOMPASS THE MAJOR AREAS OF THE UNIVERSITY STUDENT SERVICES DIVISION: STUDENT AFFAIRS, ADMISSIONS AND ENROLLMENT SERVICES, OFFICE OF FINANCIAL AID, REGISTRAR'S OFFICE, HEALTH AND COUNSELING SERVICES, RECREATION, AND INTRAMURAL OFFICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Allen CFA Trustee | Trustee | 2 | $0 |
Donald C Berg Trustee | Trustee | 2 | $0 |
Kevin Brown Trustee | Trustee | 2 | $0 |
J Mccauley Brown Trustee | Trustee | 2 | $0 |
Russell F Cox Trustee | Trustee | 2 | $0 |
Sharon E Des Jarlais Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Services | 5/30/23 | $3,735,886 |
The Boston Consulting Group Inc Consulting Services | 5/30/23 | $2,400,000 |
Follett Higher Education Group Campus Store | 5/30/23 | $1,898,294 |
Facilities Management Services Cleaning Services | 5/30/23 | $1,367,821 |
Varsity Brands Holdings Co Athletic Uniforms | 5/30/23 | $1,033,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,272 |
| Related organizations | $0 |
| Government grants | $3,575,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,965,676 |
| Noncash contributions included in lines 1a–1f | $404,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,772,395 |
| Total Program Service Revenue | $123,151,969 |
| Investment income | $1,905,400 |
| Tax Exempt Bond Proceeds | $101,538 |
| Royalties | $0 |
| Net Rental Income | $70,189 |
| Net Gain/Loss on Asset Sales | $1,417,201 |
| Net Income from Fundraising Events | $19,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,865,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,600,741 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,020,137 |
| Compensation of current officers, directors, key employees. | $849,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,008,504 |
| Pension plan accruals and contributions | $534,745 |
| Other employee benefits | $6,227,521 |
| Payroll taxes | $2,765,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,917 |
| Fees for services: Accounting | $75,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,188,176 |
| Advertising and promotion | $1,213,369 |
| Office expenses | $3,479,534 |
| Information technology | $1,555,281 |
| Royalties | $0 |
| Occupancy | $2,192,480 |
| Travel | $1,871,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $182,114 |
| Interest | $3,016,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,158,785 |
| Insurance | $741,248 |
| All other expenses | $4,212,818 |
| Total functional expenses | $146,075,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,370 |
| Savings and temporary cash investments | $8,169,018 |
| Pledges and grants receivable | $7,755,611 |
| Accounts receivable, net | $5,467,937 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $407,349 |
| Inventories for sale or use | $127,650 |
| Prepaid expenses and deferred charges | $4,299,647 |
| Net Land, buildings, and equipment | $110,913,511 |
| Investments—publicly traded securities | $52,873,011 |
| Investments—other securities | $11,709,986 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,741,867 |
| Total assets | $217,471,957 |
| Accounts payable and accrued expenses | $4,784,062 |
| Grants payable | $0 |
| Deferred revenue | $6,466,146 |
| Tax-exempt bond liabilities | $64,441,601 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,210,364 |
| Total liabilities | $78,902,173 |
| Net assets without donor restrictions | $78,744,617 |
| Net assets with donor restrictions | $59,825,167 |
| 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 | $217,471,957 |