The University Of The Virgin Islands
- Assets
- $202.6m
- Revenue
- $102.8m
- Investments
- $0.0
- Employees
- 1,180
- Location
- Charlotte Amalie, VI
- Founding
- 08/1987
- Data as of
- 09/2023
- EIN
- 66-0432514
Organization Overview
The University Of The Virgin Islands is located in Charlotte Amalie, VI. The organization was established in 1987. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 09/2023, University Of The Virgin Islands employed 1,180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The Virgin Islands 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 09/2023, University Of The Virgin Islands generated $102.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $102.9m during the year ending 09/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A LEARNER CENTERED INSTITUTION DEDICATED TO THE SUCCESS OF ITS STUDENTS AND COMMITTED TO ENHANCING THE LIVES OF THE PEOPLE OF THE US VIRGIN ISLANDS AND THE WIDER CARIBBEAN THROUGH EXCELLENT TEACHING, INNOVATIVE RESEARCH, AND RESPONSIVE COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OF SCIENCE & MATHEMATICS: THE UNIVERSITY OFFERS COURSES OF STUDY IN ASTRONOMY, BIOLOGY, CHEMISTRY, COMPUTER SCIENCE, MARINE BIOLOGY AND MATHEMATICS WITH MAJOR FIELDS OF SPECIALIZATION. THE DIVISION OFFERS PRE-ENGINEERING, EMERGING CARIBBEAN SCIENTIST, AND EARLY MEDICAL SCHOOL SELECTION PROGRAMS.
SCHOOL OF ARTS & SOCIAL SCIENCE: THE UNIVERSITY OFFERS COURSES IN ART, COMMUNICATIONS, ENGLISH, FRENCH, SPANISH, JAPANESE, JOURNALISM, MUSIC PHILOSOPHY, SPEECH COMMUNICATION AND THEATER AS WELL AS COURSES IN SOCIAL SCIENCE , SOCIAL WORK, CRIMINAL JUSTICE, POLICE SCIENCE AND PSYCHOLOGY.
THE SCHOOL OF BUSINESS OFFERS COURSES IN ACCOUNTING, BUSINESS MANAGEMENT, COMPUTER INFORMATION SYSTEMS, AND HOSPITALITY TOURISM MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Hall Ex Officio President | Officer | 35 | $424,826 |
Shirley Lake King Vice President Of Admin And Finance | Officer | 35 | $198,860 |
Camille Mckayle Stolz Provost | Officer | 35 | $190,872 |
Paul L Flemming Assistant Professor Of Business Management | 35 | $190,871 | |
Mitchell Neaves VP Of Institutional Advancement | 30 | $162,826 | |
Kendra Harris Dean Of The School Of Business | 35 | $155,841 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apex Construction Construction | 9/29/23 | $1,735,325 |
Eleven Construction Construction | 9/29/23 | $1,125,260 |
At Construction Solutions Construction | 9/29/23 | $711,025 |
Do Right Construction Construction | 9/29/23 | $245,183 |
Custom Builders Construction | 9/29/23 | $252,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,335,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,140,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,475,265 |
| Total Program Service Revenue | $16,430,015 |
| Investment income | $1,878,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,783,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,520,565 |
| Compensation of current officers, directors, key employees. | $5,520,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,375,662 |
| Pension plan accruals and contributions | $5,552,681 |
| Other employee benefits | $3,475,969 |
| Payroll taxes | $2,598,665 |
| Fees for services: Management | $112,764 |
| Fees for services: Legal | $325,240 |
| Fees for services: Accounting | $141,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $422,540 |
| Advertising and promotion | $327,538 |
| Office expenses | $219,636 |
| Information technology | $0 |
| Royalties | $10,000 |
| Occupancy | $248,810 |
| Travel | $1,881,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,609,429 |
| Insurance | $2,932,982 |
| All other expenses | $0 |
| Total functional expenses | $102,851,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097,704 |
| Savings and temporary cash investments | $15,833,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,275,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $142,972 |
| Inventories for sale or use | $312,039 |
| Prepaid expenses and deferred charges | $953,670 |
| Net Land, buildings, and equipment | $106,640,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $30,547,934 |
| Intangible assets | $0 |
| Other assets | $29,775,608 |
| Total assets | $202,580,023 |
| Accounts payable and accrued expenses | $1,566,484 |
| Grants payable | $0 |
| Deferred revenue | $3,672,769 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $3,921,004 |
| Other liabilities | $106,728,120 |
| Total liabilities | $115,888,377 |
| Net assets without donor restrictions | $20,268,912 |
| Net assets with donor restrictions | $66,422,734 |
| 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 | $202,580,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of The Virgin Islands Charlotte Amalie, VI | $202,580,023 | $102,783,850 |