Belhaven University
- Assets
- $91.2m
- Revenue
- $83.5m
- Investments
- $58.9k
- Employees
- 1,057
- Location
- Jackson, MS
- Founding
- 07/1945
- Data as of
- 06/2021
- EIN
- 64-0303069
Organization Overview
Belhaven University is located in Jackson, MS. The organization was established in 1945. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Belhaven University employed 1,057 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belhaven 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 06/2021, Belhaven University generated $83.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $60.7m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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
BELHAVEN UNIVERSITY (BELHAVEN) IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELHAVEN UNIVERSITY (BELHAVEN), IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 70 AREAS OF STUDY INCLUDING ACADEMIC MAJORS AND CONCENTRATIONS AND A 12:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,500 STUDENTS, INCLUDING APPROXIMATELY 5,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM.
AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE.
BELHAVEN UNIVERSITY (BELHAVEN), IS A CHRISTIAN LIBERAL ARTS UNIVERSITY DEDICATED TO EXCELLENCE IN CHRISTIAN HIGHER EDUCATION. BELHAVEN'S RICH LEGACY WITH A CHRISTIAN CURRICULUM IS CENTERED ON THE BIBLICAL WORLDVIEW. THIS UNIQUE WORLDVIEW CURRICULUM SEAMLESSLY INTERTWINES HISTORY, LITERATURE, ART, MUSIC, AND PHILOSOPHY INTO A CHRONOLOGICAL CORE CURRICULUM FOR ALL INCOMING FRESHMEN AND SOPHOMORES. BELHAVEN HAS RECEIVED NATIONAL RECOGNITION FOR ITS ACADEMIC PROGRAMS AND AFFORDABILITY, AND THE COLLEGE HAS EARNED REGIONAL ACCREDITATION BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS). BELHAVEN IS NATIONALLY ACCREDITED IN ALL FOUR OF THE ARTS: DANCE, MUSIC, THEATRE, AND VISUAL ART. OFFERING 70 AREAS OF STUDY INCLUDING ACADEMIC MAJORS AND CONCENTRATIONS AND A 12:1 STUDENT TO FACULTY RATIO FOR THE TRADITIONAL UNDERGRADUATE PROGRAM, BELHAVEN PROVIDES A CLOSE-KNIT LEARNING COMMUNITY WHERE STUDENTS SEE THE COLLEGE'S VISION AND MISSION LIVED OUT IN THE LIVES OF FACULTY MEMBERS. ACCREDITED ONLINE DEGREE PROGRAMS ARE ALSO AVAILABLE FOR STUDENTS WHO DESIRE DISTANCE LEARNING WITH A CHRISTIAN CURRICULUM. BELHAVEN HAS AN ENROLLMENT OF APPROXIMATELY 6,500 STUDENTS, INCLUDING APPROXIMATELY 5,500 STUDENTS ENROLLED IN ITS NONTRADITIONAL PROGRAM.
AUXILIARY EXPENSES-DORMITORIES, CAFETERIA, VENDING MACHINES, BOOKSTORE AND POST OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger L Parrott President | Officer | 40 | $444,972 |
David S Tarrant CFO | Officer | 40 | $188,369 |
Bradford M Smith Provost | Officer | 40 | $156,600 |
Audrey J Kelleher VP For Adult, Grad & Online | Officer | 40 | $146,448 |
Kevin Russell VP For Enrollment & Univ Mktg | Officer | 40 | $143,768 |
Scott A Little VP & Director Of Athletics | Officer | 40 | $131,565 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mmi Dining Systems Food Service | 6/29/21 | $1,147,657 |
Terry Service Inc Hvac Repairs | 6/29/21 | $956,323 |
Bm Construction Construction | 6/29/21 | $272,069 |
Business Communications Inc It Services | 6/29/21 | $783,151 |
Ellucian Co Lp Tech Services | 6/29/21 | $285,835 |
Mmi Dining Systems Food Service | 6/29/21 | $1,147,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,699 |
| Related organizations | $0 |
| Government grants | $8,173,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,041,037 |
| Noncash contributions included in lines 1a–1f | $15,088,885 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,231,431 |
| Total Program Service Revenue | $57,564,010 |
| Investment income | $192,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,167 |
| Net Gain/Loss on Asset Sales | $288,233 |
| Net Income from Fundraising Events | -$5,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $37,359 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,473,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,122,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $198,198 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,490,932 |
| Compensation of current officers, directors, key employees. | $900,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,721,393 |
| Pension plan accruals and contributions | $501,795 |
| Other employee benefits | $2,115,416 |
| Payroll taxes | $1,457,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,357 |
| Fees for services: Accounting | $76,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,469 |
| Fees for services: Other | $4,258,725 |
| Advertising and promotion | $2,243,952 |
| Office expenses | $2,448,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,517,461 |
| Travel | $444,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,923 |
| Interest | $981,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,650,590 |
| Insurance | $444,440 |
| All other expenses | $308,390 |
| Total functional expenses | $60,748,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,171,919 |
| Savings and temporary cash investments | $11,564,988 |
| Pledges and grants receivable | $318,778 |
| Accounts receivable, net | $2,893,352 |
| Loans from Officers, Directors, or Controlling Persons | $26,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,783 |
| Net Land, buildings, and equipment | $51,575,499 |
| Investments—publicly traded securities | $22,404,748 |
| Investments—other securities | $58,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,268 |
| Total assets | $91,182,185 |
| Accounts payable and accrued expenses | $3,924,400 |
| Grants payable | $0 |
| Deferred revenue | $3,513,311 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,313,988 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,265,568 |
| Total liabilities | $26,017,267 |
| Net assets without donor restrictions | $41,625,119 |
| Net assets with donor restrictions | $23,539,799 |
| 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 | $91,182,185 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Belhaven University has recieved totaling $782,218.
| Awarding Organization | Amount |
|---|---|
James W Hood Family Foundation Jackson, MS PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT | $300,000 |
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $175,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $163,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: INVESTMENT FUND FOR DOCTORATE | $67,800 |
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $25,000 |
Feild Co-Operative Association Incorporated Ridgeland, MS PURPOSE: GENERAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $5,763,768 |
| Earnings | $1,442,367 |
| Admin Expense | $35,801 |
| Net Contributions | $338,222 |
| Grants | $172,753 |
| Ending Balance | $7,335,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Faulkner University Montgomery, AL | $101,589,206 | $70,137,760 |
Oakwood University Inc Huntsville, AL | $115,223,075 | $64,178,393 |
Belhaven University Jackson, MS | $91,182,185 | $83,473,318 |
Freed-Hardeman University Henderson, TN | $179,769,242 | $74,019,321 |