Samford University
- Assets
- $871.4m
- Revenue
- $366.7m
- Investments
- $119.1m
- Employees
- 2,802
- Location
- Birmingham, AL
- Founding
- 10/1951
- Data as of
- 06/2022
- EIN
- 63-0312914
Organization Overview
Samford University is located in Birmingham, AL. 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 06/2022, Samford University employed 2,802 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samford 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, Samford University generated $366.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $257.1m during the year ending 06/2022. While expenses have increased by 1.0% 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.
Since 2017, Samford University has awarded 14 individual grants totaling $286,444. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A UNIVERSITY THAT NURTURES PERSONS IN THEIR DEVELOPMENT OF INTELLECT, CREATIVITY, FAITH, AND PERSONHOOD: FOSTERS ACADEMIC, CAREER, AND ETHICAL COMPENTENCY WHILE ENCOURAGING SOCIAL AND CIVIC RESPONSIBILITY AND SERVICE TO OTHERS.
Describe the Organization's Program Activity:
SAMFORD UNIVERSITY, WITH ITS 14:1 STUDENT TO FACULTY RATIO IN THE 2021-2022 ACADEMIC YEAR, OFFERED 38 DEGREE PROGRAMS IN 122 MAJORS TO STUDENTS IN TEN ACADEMIC SCHOOLS. STUDENTS WERE ENROLLED FROM 47 STATES (PLUS GUAM AND PUERTO RICO) AND 19 FOREIGN COUNTRIES. THE TUITION AND FEES DERIVED FROM THESE STUDENTS PAID THE SALARIES, WAGES AND BENEFITS OF THE UNIVERSITY'S FACULTY AND STAFF.
SAMFORD UNIVERSITY MAINTAINS A BEAUTIFUL CAMPUS OF ACADEMIC AND ADMINISTRATIVE BUILDINGS AND STUDENT HOUSING.
SAMFORD UNIVERSITY AWARDED OVER $77 MILLION IN AID TO ALMOST 5,500 STUDENTS DURING THE 2021-2022 AID YEAR.
ADDITIONAL PROGRAM SERVICES INCLUDE FOOD SERVICES AND VENDING, EDUCATIONAL WORKSHOPS/PROGRAMS AND OTHER TYPES OF PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman/trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Assistant Secretary/trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary/trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman/trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hoar Construction Llc Construction Contractor | 6/29/22 | $10,542,720 |
Sodexo Inc & Affliates Dining Services | 6/29/22 | $6,417,219 |
Ssc Services For Education Cleaning Services | 6/29/22 | $2,649,213 |
Csi Leasing Inc Leasing Company | 6/29/22 | $1,402,251 |
Davis Architects Inc Architecture/design Services | 6/29/22 | $1,049,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,840 |
| Related organizations | $0 |
| Government grants | $8,020,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,034,156 |
| Noncash contributions included in lines 1a–1f | $1,190,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,203,931 |
| Total Program Service Revenue | $226,772,203 |
| Investment income | $5,043,795 |
| Tax Exempt Bond Proceeds | $23,256 |
| Royalties | $70,376 |
| Net Rental Income | -$434,409 |
| Net Gain/Loss on Asset Sales | $12,056,080 |
| Net Income from Fundraising Events | -$32,985 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,702,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,090 |
| Grants and other assistance to domestic individuals. | $76,585,930 |
| Grants and other assistance to Foreign Orgs/Individuals | $473,461 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,767,191 |
| Compensation of current officers, directors, key employees. | $1,183,681 |
| Compensation to disqualified persons | $45,515 |
| Other salaries and wages | $78,793,487 |
| Pension plan accruals and contributions | $2,493,576 |
| Other employee benefits | $12,157,185 |
| Payroll taxes | $5,467,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,453 |
| Fees for services: Accounting | $173,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,195,292 |
| Fees for services: Other | $7,561,813 |
| Advertising and promotion | $2,023,158 |
| Office expenses | $6,211,622 |
| Information technology | $4,853,946 |
| Royalties | $15,032 |
| Occupancy | $14,230,214 |
| Travel | $3,992,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $896,401 |
| Interest | $8,222,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,250,931 |
| Insurance | $1,048,973 |
| All other expenses | $664,210 |
| Total functional expenses | $257,124,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,793,558 |
| Pledges and grants receivable | $103,973,632 |
| Accounts receivable, net | $3,466,445 |
| 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 | $773,519 |
| Net Land, buildings, and equipment | $347,388,555 |
| Investments—publicly traded securities | $212,856,449 |
| Investments—other securities | $119,086,895 |
| Investments—program-related | $15,960,904 |
| Intangible assets | $0 |
| Other assets | $2,069,170 |
| Total assets | $871,369,127 |
| Accounts payable and accrued expenses | $11,657,839 |
| Grants payable | $0 |
| Deferred revenue | $10,661,352 |
| Tax-exempt bond liabilities | $135,917,104 |
| Escrow or custodial account liability | $3,814,288 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $51,295,679 |
| Other liabilities | $156,958,080 |
| Total liabilities | $370,304,342 |
| Net assets without donor restrictions | $113,541,627 |
| Net assets with donor restrictions | $387,523,158 |
| 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 | $871,369,127 |
Grants Awarded
Over the last fiscal year, Samford University has awarded $44,710 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: General support | $6,750 |
ONE VISION INTERNATIONAL INC PURPOSE: General support | $21,600 |
MULLY CHILDRENS FAMILY USA PURPOSE: General support | $16,360 |