Trevecca Nazarene University
- Assets
- $238.1m
- Revenue
- $96.2m
- Investments
- $7.9m
- Employees
- 1,099
- Location
- Nashville, TN
- Founding
- 07/1946
- Data as of
- 06/2022
- EIN
- 62-0497990
Organization Overview
Trevecca Nazarene University is located in Nashville, TN. The organization was established in 1946. 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, Trevecca Nazarene University employed 1,099 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trevecca Nazarene 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 06/2022, Trevecca Nazarene University generated $96.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $88.2m during the year ending 06/2022. While expenses have increased by 6.2% 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
TREVECCA NAZARENE UNIVERSITY IS A PRIVATE, CO-EDUCATIONAL, CHRISTIAN LIBERAL ARTS UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND STUDENT AID: TREVECCA NAZARENE UNIVERSITY IS A COMPREHENSIVE, FULLY ACCREDITED, CHRISTIAN UNIVERSITY OFFERING UNDERGRADUATE, MASTER'S AND DOCTORAL DEGREES. THE UNIVERSITY OFFERS 19 ASSOCIATE DEGREES, 74 BACCALAUREATE DEGREES, 24 MASTER'S PROGRAMS, AND 3 DOCTORAL PROGRAMS AS WELL AS ONE SPECIALIST AND THREE CERTIFICATE PROGRAMS IN A NUMBER OF FIELDS INCLUDING BUSINESS, SCIENCE, HEALTH CARE, EDUCATION, COUNSELING, RELIGION, MUSIC, LEADERSHIP, AND LIBRARY AND INFORMATION SCIENCES. ACCOLADES AND RECOGNITION FOR ACADEMICS, ESPECIALLY SPECIFIC ADVANCED DEGREE PROGRAMS, WERE SIGNS OF TREVECCA'S GROWING REPUTATION IN LEADERSHIP AND BUSINESS INSTRUCTION. THE MAGAZINE DIVERSE: ISSUES IN HIGHER EDUCATION RANKED TREVECCA ONE OF THE TOP COLLEGES AND UNIVERSITIES IN THE COUNTRY FOR THE NUMBER OF DOCTORAL DEGREES CONFERRED TO AFRICAN AMERICAN AND MINORITY STUDENTS. FORTUNE EDUCATION NAMED TREVECCA'S ONLINE DOCTOR OF EDUCATION LEADERSHIP DEGREE NUMBER ONE FOR AFFORDABILITY AND THIRD OVERALL IN ITS NATIONAL RANKINGS. COLLEGE RANKINGS FIRM EDSMART RATED TREVECCA AMONG THE BEST SCHOOLS NATIONALLY IN A COMPARISON OF ONLINE ACCELERATED DBA PROGRAMS, AND INTELLIGENT RANKED TREVECCA AS THE BEST SCHOOL IN TENNESSEE FOR VETERANS. TREVECCA AWARDS INSTITUTIONAL, STATE, AND FEDERAL FINANCIAL AID ASSISTING STUDENTS IN DEVELOPING A PLAN FOR MEETING THEIR EDUCATIONAL EXPENSES. THE OFFICE OF FINANCIAL AID PROVIDES GUIDANCE AND RESOURCES TO HELP STUDENTS AND THEIR FAMILIES BRIDGE THE GAP BETWEEN A STUDENT'S POTENTIAL RESOURCES AND THE UNIVERSITY'S COSTS. THE PERCENTAGE OF TRADITIONAL UNDERGRADUATE STUDENTS RECEIVING FINANCIAL AID FROM ANY SOURCE WAS MORE THAN 90%.
ACADEMIC SUPPORT: TREVECCA PROVIDES SUPPORT TO THE ACADEMIC FUNCTIONS ACROSS CAMPUS THROUGH THE FUNCTIONS OF THE OFFICE OF THE PROVOST, OFFICE OF THE ACADEMIC DEAN, OFFICE OF INSTITUTIONAL RESEARCH, THE CENTER FOR STUDENT DEVELOPMENT, THE CENTER FOR TEACHING AND LEARNING, THE LIBRARY, AND THE CENTER FOR ONLINE LEARNING.
STUDENT SERVICES: THE CENTER FOR STUDENT DEVELOPMENT PROVIDES STUDENTS WITH PROGRAMS TO ACCOMPANY THEIR COLLEGE CAREER AT ALL STAGES. FROM FRESHMEN LINK GROUPS TO CAREER DEVELOPMENT COUNSELING AND INTERNSHIP PROGRAMS, CAREER SERVICES HAS EVERYTHING STUDENTS NEED TO SUCCEED. CAREER SERVICES ALSO OFFERS JOB-SEARCH RELATED STRATEGY WORKSHOPS, CAREER EXPLORATION EVENTS, RESUME AND INTERVIEWING EDUCATION, MOCK INTERVIEWS, BUSINESS AND ETIQUETTE DINNERS, ASSISTANCE WITH GRADUATE SCHOOL ADMISSIONS, CAREER FAIRS, JOB POSTINGS AND JOB REFERRALS.
OTHER STUDENT SERVICES AREAS: COUNSELING CENTER ITS (INFORMATION TECHNOLOGY SERVICES) REGISTRAR SECURITY TNU BOOKSTORE LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 40 | $141,945 |
Name Not Listed Board Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rc Mathews Contractor Llc Construction | 6/29/23 | $27,128,334 |
Sodexo Inc & Affiliates Food Service & Facility Management | 6/29/23 | $6,801,854 |
Slingshot Lp Bookstore, Mail, Print | 6/29/23 | $2,227,895 |
Synergi Partners Inc Tax Credit Services | 6/29/23 | $1,139,199 |
Dykes Restaurant Supply Inc Food Service Equipment | 6/29/23 | $1,132,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,625 |
| Related organizations | $0 |
| Government grants | $14,425,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,599,384 |
| Noncash contributions included in lines 1a–1f | $1,021,571 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,036,960 |
| Total Program Service Revenue | $70,275,996 |
| Investment income | $1,766,317 |
| Tax Exempt Bond Proceeds | $69,290 |
| Royalties | $0 |
| Net Rental Income | $142,937 |
| Net Gain/Loss on Asset Sales | $1,882,927 |
| Net Income from Fundraising Events | $5,828 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,180,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,620 |
| Grants and other assistance to domestic individuals. | $23,141,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $979,834 |
| Compensation of current officers, directors, key employees. | $519,317 |
| Compensation to disqualified persons | $163,848 |
| Other salaries and wages | $25,441,115 |
| Pension plan accruals and contributions | $977,284 |
| Other employee benefits | $3,487,323 |
| Payroll taxes | $1,714,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,176 |
| Fees for services: Accounting | $103,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,231 |
| Fees for services: Other | $398,005 |
| Advertising and promotion | $3,115,189 |
| Office expenses | $1,166,430 |
| Information technology | $2,826,713 |
| Royalties | $0 |
| Occupancy | $5,410,190 |
| Travel | $789,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,383 |
| Interest | $924,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,912,433 |
| Insurance | $643,468 |
| All other expenses | $6,998,868 |
| Total functional expenses | $88,183,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,409,273 |
| Savings and temporary cash investments | $5,983,860 |
| Pledges and grants receivable | $7,999,795 |
| Accounts receivable, net | $1,857,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,745,980 |
| Net Land, buildings, and equipment | $136,745,975 |
| Investments—publicly traded securities | $45,357,322 |
| Investments—other securities | $7,908,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,053,351 |
| Total assets | $238,062,092 |
| Accounts payable and accrued expenses | $4,233,300 |
| Grants payable | $0 |
| Deferred revenue | $8,688,622 |
| Tax-exempt bond liabilities | $84,741,333 |
| Escrow or custodial account liability | $804,114 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,150,023 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,125,055 |
| Total liabilities | $125,742,447 |
| Net assets without donor restrictions | $72,176,816 |
| Net assets with donor restrictions | $40,142,829 |
| 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 | $238,062,092 |