Christian Brothers University
- Assets
- $107.1m
- Revenue
- $73.1m
- Investments
- $803.9k
- Employees
- 854
- Location
- Memphis, TN
- Founding
- 02/1944
- Data as of
- 05/2022
- EIN
- 62-0476666
Organization Overview
Christian Brothers University is located in Memphis, TN. The organization was established in 1944. 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, Christian Brothers University employed 854 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Brothers 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, Christian Brothers University generated $73.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $75.1m during the year ending 05/2022. While expenses have increased by 4.4% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
PRIVATE CATHOLIC UNIVERSITY OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE TRADITION OF THE CHRISTIAN BROTHERS. THE PRINCIPAL ACTIVITY OF CBU IS TO PROVIDE ADVANCED STUDY TO STUDENTS IN AN INTER-FAITH EDUCATIONAL COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Shannon Jr Past President Of The Universit | 40 | $340,189 | |
Pascal Bedrossian VP Of Enrollment Mgmt Thro | 40 | $286,672 | |
L Yu Lin Professor Civil-Env Engr | 40 | $235,488 | |
Ronald L Brandon VP - Administration & Fina | Officer | 40 | $199,952 |
Faris Malhas VP Advancement | 40 | $195,687 | |
Brian Dalton VP Academic Affairs | 40 | $173,111 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corporation - Food Services Cafeteria Services | 5/30/22 | $2,077,773 |
Ellucian Company Lp It Software | 5/30/22 | $226,023 |
Johnson Controls Mechanical Maintenance | 5/30/22 | $384,482 |
Pathway Lending Lending | 5/30/22 | $475,000 |
Aramark Corporation - Facility Services Grounds/landscaping Services | 5/30/22 | $1,219,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,882,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,146,611 |
| Noncash contributions included in lines 1a–1f | $29,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,028,885 |
| Total Program Service Revenue | $51,772,348 |
| Investment income | $421,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,947,830 |
| Net Gain/Loss on Asset Sales | $64,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,065,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,489,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,106,089 |
| Compensation of current officers, directors, key employees. | $434,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,933,169 |
| Pension plan accruals and contributions | $1,077,194 |
| Other employee benefits | $3,367,223 |
| Payroll taxes | $1,616,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,271 |
| Fees for services: Accounting | $96,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,912,136 |
| Advertising and promotion | $634,102 |
| Office expenses | $977,594 |
| Information technology | $1,268,405 |
| Royalties | $0 |
| Occupancy | $1,673,699 |
| Travel | $1,058,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,635 |
| Interest | $535,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,560,816 |
| Insurance | $616,268 |
| All other expenses | $345,858 |
| Total functional expenses | $75,110,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,695,991 |
| Savings and temporary cash investments | $17,524,662 |
| Pledges and grants receivable | $844,162 |
| Accounts receivable, net | $732,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $821,817 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $786,373 |
| Net Land, buildings, and equipment | $41,458,800 |
| Investments—publicly traded securities | $39,555,383 |
| Investments—other securities | $803,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,915,858 |
| Total assets | $107,139,654 |
| Accounts payable and accrued expenses | $2,262,677 |
| Grants payable | $0 |
| Deferred revenue | $3,244,113 |
| Tax-exempt bond liabilities | $9,384,077 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,707,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $814,880 |
| Total liabilities | $17,413,536 |
| Net assets without donor restrictions | $42,685,032 |
| Net assets with donor restrictions | $47,041,086 |
| 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 | $107,139,654 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Christian Brothers University has recieved totaling $1,747,840.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $719,500 |
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: DATA DRIVEN STUDENT SUCCESS INITIATIVE | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $187,700 |
The Kemmons Wilson Family Foundation Memphis, TN PURPOSE: GENERAL - OPERATING | $125,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $119,000 |
Donna And Dave Nelson Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Endowment Analysis
| Beg. Balance | $49,827,219 |
| Earnings | -$2,051,250 |
| Net Contributions | $393,645 |
| Other Expense | $726,811 |
| Grants | $1,232,479 |
| Ending Balance | $46,210,324 |
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 |