Huston-Tillotson University
- Assets
- $62.6m
- Revenue
- $47.3m
- Investments
- $14.0m
- Employees
- 408
- Location
- Austin, TX
- Founding
- 03/1960
- Data as of
- 06/2021
- EIN
- 74-1180151
Organization Overview
Huston-Tillotson University is located in Austin, TX. The organization was established in 1960. 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, Huston-Tillotson University employed 408 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huston-Tillotson 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, Huston-Tillotson University generated $47.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $24.1m during the year ending 06/2021. While expenses have increased by 1.6% 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
HUTSON TILLOTSON UNIVERSITY NURTURES A LEGACY OF LEADERSHIP AND EXCELLENCE IN EDUCATION CONNECTING KNOWLEDGE POWER PASSION AND VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION COLLEGE LEVEL INSTRUCTION EDUCATION PROVIDED TO STUDENTS IN ACADEMIC SUPPORT OPERATION OF LIBRARY LEARNING ASSISTANCE CAREER CENTER AND OTHER SUPPORTIVE ACADEMIC PROGRAMS PROVIDED TO STUDENT, SERVICES INCLUDE THE SUPPORT OF STUDENT CENTER ACTIVITIES, REGISTRAR, FINANCIAL AID, ADMISSIONS RECRUITMENT CHAPLAN AND OTHER HEALTH SERVICES TO STUDENTS
STUDENT SERVICES OPERATION OF OFFICES AND PERSONNEL FOR REGISTRAR, FINANCIAL AID, ADMISSION RECRUITMENT, CHAPLAN AND HEALTHSERVICES PROVIDED TO STUDENTS
ACADEMIC SUPOPORT OPERATION OF LIBRARY, LEARNING ASSISTANCE CENTER, CAREER AND OTHER SUPPORTIVE PROGRAMS PROVIDED TO THE CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colette Pierce Burnette President | Officer | 40 | $242,784 |
Steveh Edmond Dean School Of Business | Officer | 40 | $123,623 |
Damon Johnson VP Admin And Finance | Officer | 40 | $122,215 |
Wayne Knox VP Chief Of Staff | Officer | 40 | $118,445 |
Beverly Downing Associate Provost | Officer | 40 | $110,814 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Insurance | 6/29/21 | $944,022 |
Cdw-g Computer Consultin | 6/29/21 | $1,581,249 |
Csi 1023 Llc Property Rental | 6/29/21 | $197,596 |
City Of Austin Utilities Utilities | 6/29/21 | $373,963 |
Eiia Insurance | 6/29/21 | $286,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,519,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,549,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,068,958 |
| Total Program Service Revenue | $18,112,918 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,095,952 |
| 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 | $47,310,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,774,733 |
| 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. | $782,993 |
| Compensation of current officers, directors, key employees. | $397,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,362,670 |
| Pension plan accruals and contributions | $142,550 |
| Other employee benefits | $1,249,289 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,124,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $107,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471,305 |
| Insurance | $342,070 |
| All other expenses | $569,238 |
| Total functional expenses | $24,071,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,596,840 |
| Savings and temporary cash investments | $2,332,500 |
| Pledges and grants receivable | $657,819 |
| Accounts receivable, net | $646,200 |
| 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 | $146,020 |
| Net Land, buildings, and equipment | $31,199,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,022,548 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,601,605 |
| Accounts payable and accrued expenses | $1,934,847 |
| Grants payable | $0 |
| Deferred revenue | $168,542 |
| 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 | $0 |
| Other liabilities | $2,043,362 |
| Total liabilities | $4,146,751 |
| Net assets without donor restrictions | $6,204,284 |
| Net assets with donor restrictions | $52,250,570 |
| 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 | $62,601,605 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Huston-Tillotson University has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
C A T C H Foundation Houston, TX PURPOSE: Scholarship | $6,000 |
Spectrum Charitable Foundation Round Rock, TX PURPOSE: HIGHER EDUCATION OF DISADVANTAGED FAMILIES | $5,000 |
Endowment Analysis
| Beg. Balance | $10,954,922 |
| Ending Balance | $10,954,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |
Mcmurry University Abilene, TX | $155,891,753 | $53,294,386 |
Dillard University New Orleans, LA | $290,476,609 | $59,120,673 |
Lyon College Batesville, AR | $134,360,694 | $34,275,899 |
Louisiana College Pineville, LA | $103,090,371 | $31,169,052 |
Mid-America Christian University Inc Oklahoma City, OK | $46,962,121 | $32,546,102 |
Armand Hammer United World College Of The American West Montezuma, NM | $400,858,910 | $44,401,758 |
Oklahoma Wesleyan University Bartlesville, OK | $43,343,629 | $28,422,730 |
Franciscan Missionaries Of Our Lady University Baton Rouge, LA | $40,246,708 | $34,315,174 |
Philander Smith College Little Rock, AR | $65,347,425 | $53,386,787 |
Huston-Tillotson University Austin, TX | $62,601,605 | $47,310,570 |
Institute Of American Indian & Alaska Native Culture & Arts Santa Fe, NM | $85,848,519 | $25,390,342 |