University Of The Southwest
- Assets
- $16.8m
- Revenue
- $17.5m
- Investments
- $173.2k
- Employees
- 161
- Location
- Hobbs, NM
- Founding
- 01/1960
- Data as of
- 05/2024
- EIN
- 85-0164940
Organization Overview
University Of The Southwest is located in Hobbs, NM. 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 05/2024, University Of The Southwest employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The Southwest 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 05/2024, University Of The Southwest generated $17.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $17.7m during the year ending 05/2024. While expenses have increased by 1.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CHRIST-CENTERED HIGHER EDUCATIONAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
USW OFFERS UNDERGRADUATE LEVEL PROGRAMS IN THE FIELDS OF BUSINESS, EDUCATION, AND ARTS AND SCIENCES. DEGREES OFFERED INCLUDE BBA, BSE, BS, AND BA. TO COMPLEMENT THE UNDERGRADUATE DEGREE PROGRAMS, STUDENT ORGANIZATIONS AND ACTIVITIES INCLUDE PROFESSIONAL, ACADEMIC HONOR, CHRISTIAN MINISTRY, CIVIC, AND CULTURAL EXPERIENCES. THE UNIVERSITY ALSO SUPPORTS INTRAMURAL SPORTS PROGRAMMING WHERE STUDENTS, STAFF, AND FACULTY ARE WELCOME TO PARTICIPATE. ATHLETIC PROGRAMMING INCLUDES: BASEBALL, SOFTBALL, MENS AND WOMENS BASKETBALL, MENS AND WOMENS SOCCER, VOLLEYBALL, CROSS COUNTRY, AND GOLF. AS A UNIVERSITY GROUNDED IN CHRISTIAN PRINCIPLES, USW OFFERS A PRISON SEMINARY PROGRAM FOR INCARCERATED INDIVIDUALS WISHING TO PURSUE AN UNDERGRADUATE DEGREE MEANT TO PREPARE THE INDIVIDUAL TO EFFECT POSITIVE COMMUNITY CHANGE THROUGH BEST PRACTICES IN LEADERSHIP, COMMUNICATION, ETHICS, AND CHRISTIAN STUDIES.
USW OFFERS GRADUATE LEVEL PROGRAMS IN THE FIELDS OF BUSINESS, EDUCATION, AND ARTS AND SCIENCES. DEGREES OFFERED INCLUDE MBA, DBA, MSE, EDD, MS, MA, AND DMIN. THE USW COLLEGE OF BUSINESS FUNCTIONS AS AN EDUCATIONAL CATALYST FOR POSITIVE SOCIAL CHANGE BY DEVELOPING BUSINESS LEADERS, ENTREPRENEURS, AND EXECUTIVES DEDICATED TO APPLYING SERVANT LEADERSHIP PRINCIPLES IN FREE ENTERPRISE OPERATIONS. THE USW COLLEGE OF EDUCATION MISSION IS TO IMMERSE CANDIDATES IN AUTHENTIC PROFESSIONAL LEARNING THROUGH A RIGOROUS AND INNOVATIVE CURRICULUM THAT LEVERAGES THEIR STRENGHTS AND EMPOWERS THEM TO BE REFLECTIVE PROFESSIONALS WHO ARE COMMITTED TO EQUITY AND SERVING THEIR STUDENTS, FAMILIES, AND COMMUNITIES FROM AN ASSET-BASED PERSPECTIVE. THE USW COLLEGE OF ARTS & SCIENCES IS DEDICATED TO PROVIDING THE HIGHEST QUALITY EDUCATION IN A WIDE RANGE OF ACADEMIC DISCIPLINES TO OFFER A DEEPER UNDERSTANDING OF LIFE, MEANING, PURPOSE, AND KNOWLEDGE WHILE DEVELOPING ANALYTICAL AND CRITICAL THINKING SKILLS ON A PATH TO BEING SERVANT LEADERS IN THEIR VOCATIONS.
RESIDENCE HALLS, APARTMENTS, AND STUDENT MEAL PROGRAMS ARE AVAILABLE PRIMARILY FOR UNDERGRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Interim Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer (part Year) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Usim Media Marketing | 5/30/24 | $1,218,267 |
Great Western Dining Food Services | 5/30/24 | $511,599 |
M&m Tours Transportation | 5/30/24 | $208,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,400 |
| Related organizations | $523,361 |
| Government grants | $133,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $589,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,263,484 |
| Total Program Service Revenue | $16,045,593 |
| Investment income | $14,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $47,211 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,571 |
| Net Income from Fundraising Events | -$320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,490,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| Grants and other assistance to domestic individuals. | $3,902,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $700,887 |
| Compensation of current officers, directors, key employees. | $455,791 |
| Compensation to disqualified persons | $221,740 |
| Other salaries and wages | $4,658,328 |
| Pension plan accruals and contributions | $14,157 |
| Other employee benefits | $638,423 |
| Payroll taxes | $401,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,343 |
| Fees for services: Accounting | $69,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,468,991 |
| Advertising and promotion | $13,994 |
| Office expenses | $1,258,030 |
| Information technology | $525,758 |
| Royalties | $0 |
| Occupancy | $397,372 |
| Travel | $493,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $677,450 |
| Insurance | $284,927 |
| All other expenses | $0 |
| Total functional expenses | $17,687,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,924 |
| Savings and temporary cash investments | $712,947 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,025 |
| 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 | $249,213 |
| Net Land, buildings, and equipment | $14,684,101 |
| Investments—publicly traded securities | $750,945 |
| Investments—other securities | $173,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,764,341 |
| Accounts payable and accrued expenses | $1,004,581 |
| Grants payable | $0 |
| Deferred revenue | $673,304 |
| 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 | $0 |
| Total liabilities | $1,677,885 |
| Net assets without donor restrictions | $14,553,052 |
| Net assets with donor restrictions | $533,404 |
| 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 | $16,764,341 |