Belmont University
- Assets
- $1.5b
- Revenue
- $464.4m
- Investments
- $0.0
- Employees
- 4,148
- Location
- Nashville, TN
- Founding
- 03/1951
- Data as of
- 05/2022
- EIN
- 62-0465076
Organization Overview
Belmont University is located in Nashville, TN. The organization was established in 1951. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Belmont University employed 4,148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont 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, Belmont University generated $464.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $352.9m during the year ending 05/2022. While expenses have increased by 8.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,900 STUDENTS, OFFERING MORE THAN 139 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS FOURTEEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE OHIO VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SEVEN OUT OF THE PAST FOURTEEN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, AND QUALIFIED IN 2020 PRIOR TO ITS CANCELLATION DUE TO COVID-19. THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT IN TWO OF THE PAST EIGHT YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 140 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee (until 12/31/21) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R C Mathews Contractor Llc Primary General Contractor | 5/30/22 | $96,915,588 |
Earl Swensson Associates Architects | 5/30/22 | $12,290,871 |
Sodexo Food Service Vendor | 5/30/22 | $12,941,000 |
Case Restoration General Contractor | 5/30/22 | $3,060,650 |
Ryzec Building Group Llc Architects | 5/30/22 | $1,449,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,440,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,538,896 |
| Noncash contributions included in lines 1a–1f | $12,640,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,979,054 |
| Total Program Service Revenue | $376,114,601 |
| Investment income | $16,660,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $696,004 |
| Net Rental Income | $280,339 |
| Net Gain/Loss on Asset Sales | $3,153,567 |
| Net Income from Fundraising Events | $5,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$122,361 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,356,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $114,457,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,651,420 |
| Compensation of current officers, directors, key employees. | $4,240,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,497,827 |
| Pension plan accruals and contributions | $4,176,149 |
| Other employee benefits | $16,389,719 |
| Payroll taxes | $7,853,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,690 |
| Fees for services: Accounting | $144,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $484,672 |
| Fees for services: Other | $10,070,004 |
| Advertising and promotion | $2,398,281 |
| Office expenses | $2,333,204 |
| Information technology | $611,621 |
| Royalties | $0 |
| Occupancy | $23,802,834 |
| Travel | $6,532,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,094,501 |
| Interest | $130,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,484,371 |
| Insurance | $1,871,170 |
| All other expenses | $4,332,053 |
| Total functional expenses | $352,879,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,630 |
| Savings and temporary cash investments | $49,857,509 |
| Pledges and grants receivable | $35,569,329 |
| Accounts receivable, net | $4,713,052 |
| Loans from Officers, Directors, or Controlling Persons | $1,600,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,515,703 |
| Inventories for sale or use | $308,608 |
| Prepaid expenses and deferred charges | $582,870 |
| Net Land, buildings, and equipment | $1,005,449,522 |
| Investments—publicly traded securities | $324,240,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,628,684 |
| Total assets | $1,474,473,117 |
| Accounts payable and accrued expenses | $39,245,699 |
| Grants payable | $0 |
| Deferred revenue | $9,048,741 |
| Tax-exempt bond liabilities | $136,365,159 |
| Escrow or custodial account liability | $212,789 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,450,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,804,129 |
| Total liabilities | $196,127,273 |
| Net assets without donor restrictions | $977,150,417 |
| Net assets with donor restrictions | $301,195,427 |
| 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 | $1,474,473,117 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Belmont University has recieved totaling $40,900.
| Awarding Organization | Amount |
|---|---|
Robinson Family Foundation Inc Franklin, TN PURPOSE: FOR WRIGHT LENGTH OF SERVICE AWARDS; MASSEY SCHOOL CENTER | $18,150 |
Ryman Hospitality Properties Foundation Nashville, TN PURPOSE: GRANT FOR SUPPORT OF PROGRAM MISSION FOR EDUCATION | $10,000 |
Milton And Denice Johnson Family Foundation Nashville, TN PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Reilly Family Foundation Aledo, TX PURPOSE: SCHOLARSHIPS | $4,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $3,750 |
Endowment Analysis
| Beg. Balance | $394,634,409 |
| Earnings | -$27,693,842 |
| Net Contributions | $6,545,533 |
| Grants | $4,173,134 |
| Ending Balance | $369,312,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
The Corporation Of Mercer University Macon, GA | $975,470,567 | $444,048,225 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Samford University Birmingham, AL | $801,305,714 | $280,325,292 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |