Schreiner University
- Assets
- $164.4m
- Revenue
- $56.3m
- Investments
- $17.1m
- Employees
- 820
- Location
- Kerrville, TX
- Founding
- 02/1982
- Data as of
- 05/2023
- EIN
- 74-1193459
Organization Overview
Schreiner University is located in Kerrville, TX. The organization was established in 1982. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Schreiner University employed 820 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schreiner 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 05/2023, Schreiner University generated $56.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $59.2m during the year ending 05/2023. While expenses have increased by 7.9% 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
SCHREINER UNIVERSITY OFFERS A PERSONALIZED, INTEGRATED EDUCATION THAT PREPARES ITS STUDENT FOR MEANINGFUL WORK AND PURPOSEFUL LIVES IN A CHANGING GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL PROGRAMS:SCHREINER UNIVERSITY OFFERS CERTIFICATE PROGRAMS IN VOCATION NURSING AND EDUCATION AS WELL AS UNDERGRADUATE DEGREES IN LIBERAL ARTS, SCIENCES AND MATHEMATICS, AND PROFESSIONAL STUDIES. THE UNIVERSITY ALSO HAS GRADUATE PROGRAMS FOR A MASTER OF EDUCATION DEGREE AND A MASTER OF BUSINESS ADMINISTRATION.
OTHER PROGRAMS INCLUDE ACADEMIC SUPPORT (LIBRARY, TUTOR CENTER, ACADEMIC SUPPORT SERVICES, LEARNING SUPPORT SERVICES) AS WELL AS SOME INSTITUTIONAL SUPPORT FUNCTIONS.
AUXILIARY ENTERPRISES:AN AUXILIARY ENTERPRISE PROVIDES GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, OTHER INSTITUTIONAL DEPARTMENTS, OR INCIDENTALLY TO THE GENERAL PUBLIC, AND CHARGES A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. EXAMPLES ARE RESIDENCE HALLS, FOOD SERVICES, AND BOOKSTORE.
STUDENT SERVICES:STUDENT SERVICES PROVIDE SERVICES TO STUDENTS WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. IT INCLUDES EXPENSES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL ATHLETICS, STUDENT ORGANIZATIONS, INTERCOLLEGIATE ATHLETICS, COUNSELING AND CAREER GUIDANCE, STUDENT AID ADMINISTRATION, AND STUDENT HEALTH SERVICE. IN ADDITION, THIS YEAR, STUDENTS RECEVIED EMERGENCY GRANTS FROM THE FEDERAL GOVERNMENT AS A RESULT OF THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Mckinney Trustee/board Chair | OfficerTrustee | 1 | $0 |
Ross Rommel Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Dr Carol Mcdonald Trustee/secretary | OfficerTrustee | 1 | $0 |
Barry Hendler Trustee | Trustee | 1 | $0 |
Becky Ferguson Trustee | Trustee | 1 | $0 |
Blue Hyatt Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Food Service | 5/30/23 | $2,598,027 |
Southeast Service Corporation Custodial Service | 5/30/23 | $826,077 |
Jenzabar Software-erp | 5/30/23 | $329,814 |
Landrum Jr Douglas Construction | 5/30/23 | $264,038 |
The Bosworth Company Ltd Construction | 5/30/23 | $247,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,714 |
| Related organizations | $0 |
| Government grants | $1,350,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,244,328 |
| Noncash contributions included in lines 1a–1f | $335 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,616,863 |
| Total Program Service Revenue | $45,184,334 |
| Investment income | $3,431,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $199,030 |
| Net Gain/Loss on Asset Sales | $720,927 |
| Net Income from Fundraising Events | $11,137 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $141,155 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,305,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,317,541 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,048,628 |
| Compensation of current officers, directors, key employees. | $378,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,728,561 |
| Pension plan accruals and contributions | $459,992 |
| Other employee benefits | $2,057,543 |
| Payroll taxes | $1,009,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,400 |
| Fees for services: Accounting | $75,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,563,848 |
| Advertising and promotion | $737,135 |
| Office expenses | $77,026 |
| Information technology | $722,342 |
| Royalties | $0 |
| Occupancy | $1,901,641 |
| Travel | $1,048,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,359 |
| Interest | $1,036,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,696,506 |
| Insurance | $670,097 |
| All other expenses | $141,443 |
| Total functional expenses | $59,210,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,407,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,416,468 |
| Accounts receivable, net | $2,382,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $513,026 |
| Inventories for sale or use | $166,050 |
| Prepaid expenses and deferred charges | $631,247 |
| Net Land, buildings, and equipment | $72,194,709 |
| Investments—publicly traded securities | $59,083,529 |
| Investments—other securities | $17,062,109 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,554,310 |
| Total assets | $164,411,349 |
| Accounts payable and accrued expenses | $2,064,639 |
| Grants payable | $0 |
| Deferred revenue | $4,231,957 |
| Tax-exempt bond liabilities | $29,015,026 |
| 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 | $73,903 |
| Total liabilities | $35,385,525 |
| Net assets without donor restrictions | $57,655,845 |
| Net assets with donor restrictions | $71,369,979 |
| 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 | $164,411,349 |