Southern Methodist University
- Assets
- $4.0b
- Revenue
- $1.2b
- Investments
- $1.7b
- Employees
- 6,351
- Location
- Dallas, TX
- Founding
- 04/1933
- Data as of
- 05/2022
- EIN
- 75-0800689
Organization Overview
Southern Methodist University is located in Dallas, TX. The organization was established in 1933. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Southern Methodist University employed 6,351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Methodist 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 05/2022, Southern Methodist University generated $1.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $839.8m during the year ending 05/2022. While expenses have increased by 3.1% 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.
Since 2015, Southern Methodist University has awarded 34 individual grants totaling $2,332,612. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF THE UNIVERSITY IS EDUCATION THROUGH RESEARCH AND TEACHING BY CREATING AND IMPARTING KNOWLEDGE THAT WILL SHAPE CITIZENS WHO CONTRIBUTE TO THEIR COMMUNITIES AND LEAD PROFESSIONS IN A GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUXILIARY ACTIVITIES: THIS CATEGORY INCLUDES ATHLETIC EXPENDITURES AND SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES. SERVICES INCLUDE BOOKSTORE, STUDENT HOUSING, VENDING AND FOOD ADMINISTRATION AND INDEPENDENT OPERATIONS.
ORGANIZED ACTIVITIES: ORGANIZED ACTIVITIES MAKE AVAILABLE TO THE PUBLIC VARIOUS RESOURCES THAT EXIST WITHIN THE UNIVERSITY SUCH AS SEMINARS, CONFERENCES AND CAMPS.
INSTRUCTIONAL: INSTRUCTIONAL PROGRAMS INCLUDE ACADEMIC INSTRUCTION AND SERVICES FOR UNDERGRADUATE AND GRADUATE STUDENTS INCLUDING FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND FELLOWSHIPS. STUDENT ENROLLMENT FOR FALL SEMESTER 2022 WAS 12,062 AND SPRING SEMESTER 2023 WAS 11,649.
SPONSORED RESEARCH: SPONSORED RESEARCH INCLUDES EXPENDITURES FOR ALL ACTIVITIES THAT ARE PART OF THE UNIVERSITY'S RESEARCH PROGRAM, INCLUDING ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH OUTCOMES, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/trustee | OfficerTrustee | 37.5 | $1,949,108 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rogers O'brien Construction Company Construction | 5/30/23 | $39,950,643 |
Aramark Corporation Dining | 5/30/23 | $28,460,213 |
Hc Beck Ltd Construction | 5/30/23 | $26,039,317 |
Gca Services Group Of Texas Lp Custodial | 5/30/23 | $7,557,825 |
Siemens Building Technologies Inc Construction | 5/30/23 | $21,875,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,782,045 |
| Related organizations | $0 |
| Government grants | $132,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,937,968 |
| Noncash contributions included in lines 1a–1f | $49,209,644 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,852,833 |
| Total Program Service Revenue | $746,416,119 |
| Investment income | $25,682,938 |
| Tax Exempt Bond Proceeds | $71,974 |
| Royalties | $15,953,181 |
| Net Rental Income | $26,000 |
| Net Gain/Loss on Asset Sales | $116,531,938 |
| Net Income from Fundraising Events | -$1,129,344 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,151,429,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,073 |
| Grants and other assistance to domestic individuals. | $238,410,575 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,020,392 |
| Compensation of current officers, directors, key employees. | $6,193,097 |
| Compensation to disqualified persons | $940,543 |
| Other salaries and wages | $272,846,421 |
| Pension plan accruals and contributions | $20,246,382 |
| Other employee benefits | $33,397,128 |
| Payroll taxes | $17,133,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,875,215 |
| Fees for services: Accounting | $565,500 |
| Fees for services: Lobbying | $215,000 |
| Fees for services: Fundraising | $2,129,389 |
| Fees for services: Investment Management | $12,400,703 |
| Fees for services: Other | $37,313,604 |
| Advertising and promotion | $4,799,851 |
| Office expenses | $15,853,352 |
| Information technology | $16,181,588 |
| Royalties | $34,683 |
| Occupancy | $36,420,973 |
| Travel | $10,780,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,420,821 |
| Interest | $17,913,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,313,692 |
| Insurance | $3,857,100 |
| All other expenses | $19,612,718 |
| Total functional expenses | $839,825,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,341,259 |
| Savings and temporary cash investments | $137,917,257 |
| Pledges and grants receivable | $266,294,295 |
| Accounts receivable, net | $132,326,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,889,010 |
| Inventories for sale or use | $327,248 |
| Prepaid expenses and deferred charges | $28,587,128 |
| Net Land, buildings, and equipment | $1,210,511,659 |
| Investments—publicly traded securities | $440,655,960 |
| Investments—other securities | $1,698,838,747 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,422 |
| Total assets | $4,000,720,929 |
| Accounts payable and accrued expenses | $131,800,082 |
| Grants payable | $0 |
| Deferred revenue | $42,884,070 |
| Tax-exempt bond liabilities | $365,229,465 |
| 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 | $177,588,661 |
| Total liabilities | $717,502,278 |
| Net assets without donor restrictions | $820,970,540 |
| Net assets with donor restrictions | $2,462,248,111 |
| 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 | $4,000,720,929 |
Grants Awarded
Over the last fiscal year, Southern Methodist University has awarded $15,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE DALLAS HOLOCAUST MUSEUMCENTER PURPOSE: Event Sponsorship | $5,500 |
GOODWILL INDUSTRIES OF DALLAS PURPOSE: EVENT SPONSORSHIP | $10,000 |