University Of Mobile Inc
- Assets
- $74.0m
- Revenue
- $48.0m
- Investments
- $1.2m
- Employees
- 452
- Location
- Mobile, AL
- Founding
- 12/1964
- Data as of
- 06/2021
- EIN
- 63-0417508
Organization Overview
University Of Mobile Inc is located in Mobile, AL. The organization was established in 1964. 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, University Of Mobile Inc employed 452 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Mobile Inc 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 06/2021, University Of Mobile Inc generated $48.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $44.8m during the year ending 06/2021. While expenses have increased by 0.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN INSTITUTION OF LIBERAL ARTS AND SCIENCES COMMITTED TO PROVIDING EDUCATION OF THE HIGHEST QUALITY WITH ITS PRIMARY EMPHASIS TO ESTABLISH AND MAINTAIN A TRADITION OF EXCELLENCE IN UNDERGRADUATE, PROFESSIONAL, GRADUATE, DOCTORAL, CONTINUING EDUCATION, AND SPECIALIZED DEGREE-GRANTING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY'S MOTTO, "KNOW AND BE KNOWN," DESCRIBES AN ENVIRONMENT IN WHICH STUDENTS ARE KNOWN BY THEIR PROFESSORS, AND PROFESSORS KNOW THEIR CALLING GOES BEYOND TEACHING SUBJECT MATTER IN A PARTICULAR DISCIPLINE. THE UNIVERSITY OF MOBILE, A CHRISTIAN UNIVERSITY IN ALABAMA IS FREQUENTLY RATED BY NICHE.COM, COLLEGECENSUS, AND US NEWS AND WORLD REPORT. WITH A 14:1 STUDENT/FACULTY RATIO IN 2021-22, 100 FULL AND PART-TIME CHRISTIAN FACULTY INSTRUCTED AND NURTURED 1,800 STUDENTS IN 75 DIFFERENT AREAS OF STUDY IN ONLINE AND ON-CAMPUS CLASSES, AND THE UNIVERSITY AWARDED 3 ASSOCIATE DEGREES, 210 BACHELOR'S DEGREES, 96 MASTER'S DEGREES AND 5 DOCTORAL DEGREES IN 2021-22. THE UNIVERSITY OF MOBILE INTEGRATES LEARNING, FAITH AND LEADERSHIP THROUGH STRONG ACADEMIC PROGRAMS, NATIONALLY COMPETITIVE ATHLETICS, VIBRANT CAMPUS LIFE, OPPORTUNITES FOR TRAVEL AND SERVICE, SMALL CLASSES AND PERSONAL ATTENTION FROM FACULTY AND STAFF. WITH OVER 600 RESIDENTIAL STUDENTS IN 2021-22, OVER 55% OF THE STUDENT BODY LIVES IN ON-CAMPUS RESIDENTIAL HOUSING.
THE UNIVERSITY FURNISHES A BOOKSTORE FROM WHICH STUDENTS ARE ABLE TO PURCHASE BOOKS AND SUPPLIES NECESSARY FOR THEIR STUDIES.
THE UNIVERSITY'S GOAL IS TO PRODUCE GRADUATES WHO ARE EXCELLENT IN THEIR FIELD OF STUDY, VIBRANT IN THEIR FAITH, AND CAPABLE OF USING THEIR INFLUENCE IN EFFECTIVE WAYS TO CHANGE THE WORLD. STUDENTS HAVE INTENTIONAL OPPORTUNITIES AND EXAMPLES OF HOW TO USE THEIR KNOWLEGE AND TALENTS TO EFFECT CHANGE. STUDENTS LEARN AND PRACTICE LEADERSHIP THROUGH MORE THAN 250 EVENTS PER YEAR, 12 HONOR SOCIETIES, 13 ACADEMIC CLUBS, INTRAMURAL SPORTS AND INTERCOLLEGIATE TEAMS IN 22 SPORTS.
THE UNIVERSITY PROVIDED OPPORTUNITIES FOR STUDENTS TO INTERACT WITH THE ECONOMIC, CULTURAL, POLITICAL AND HUMAN SERVICES SECTORS OF THE LOCAL AND/OR INTERNATIONAL COMMUNITY AND ENCOURAGED DEVELPMENT OF A PERSONAL COMMITMENT TO COMMUNITY SERVICES IN THE APPROPRIATE REGION. THE UNIVERSITY HOSTED A SUMMER YOUTH CAMP FOR OVER 2,800 YOUTH AND COUNSELORS STRESSING PERSONAL GROWTH AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Harbin Trustee | Trustee | 0.3 | $0 |
Paul Carter Trustee | Trustee | 0.3 | $0 |
Brynn Albretsen Trustee | Trustee | 0.3 | $0 |
Jamey Pruett Trustee | Trustee | 0.3 | $0 |
Gabi Constantine Trustee | Trustee | 0.3 | $0 |
Tim Cox Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mmi Dining Systems Llc Food Serivice | 6/29/22 | $2,508,226 |
Jim Boothe Contracting & Supply Construction | 6/29/22 | $432,077 |
National Management Resources Maintenance Services | 6/29/22 | $837,656 |
Ellucian Company Llp Software/consulting | 6/29/22 | $413,408 |
Synergy Security | 6/29/22 | $366,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,844,439 |
| Investment income | $425,858 |
| Tax Exempt Bond Proceeds | $5,321 |
| Royalties | $57 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,246,290 |
| Net Income from Fundraising Events | -$3,269 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $67,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,016,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,445,671 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $538,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,568,900 |
| Pension plan accruals and contributions | $182,532 |
| Other employee benefits | $2,383,473 |
| Payroll taxes | $691,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,638 |
| Fees for services: Accounting | $62,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $167,559 |
| Fees for services: Other | $5,238,450 |
| Advertising and promotion | $258,583 |
| Office expenses | $729,688 |
| Information technology | $541,406 |
| Royalties | $5,730 |
| Occupancy | $1,773,945 |
| Travel | $435,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,964,676 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,212,030 |
| Insurance | $92,346 |
| All other expenses | $0 |
| Total functional expenses | $44,788,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,056,972 |
| Savings and temporary cash investments | $8,316,030 |
| Pledges and grants receivable | $28,151 |
| Accounts receivable, net | $2,281,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $529 |
| Inventories for sale or use | $80,273 |
| Prepaid expenses and deferred charges | $999,831 |
| Investments—publicly traded securities | $18,489,759 |
| Investments—other securities | $1,241,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,284 |
| Total assets | $74,039,842 |
| Accounts payable and accrued expenses | $1,994,345 |
| Grants payable | $0 |
| Deferred revenue | $982,487 |
| Tax-exempt bond liabilities | $28,111,186 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,778,913 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,425,788 |
| Total liabilities | $36,292,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $37,747,123 |