Northcentral University
- Assets
- $54.9m
- Revenue
- $155.3m
- Investments
- $0.0
- Employees
- 801
- Location
- San Diego, CA
- Founding
- 02/2008
- Data as of
- 06/2022
- EIN
- 90-0171867
Organization Overview
Northcentral University is located in San Diego, CA. The organization was established in 2008. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 10/2022, Northcentral University employed 801 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northcentral 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 06/2022, Northcentral University generated $155.3m in total revenue. All expenses for the organization totaled $169.6m during the year ending 06/2022. While expenses have increased by 94.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A POST-SECONDARY LEVEL EDUCATIONAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND TRAINING TO PROFESSIONALS LOOKING TO ACHIEVE ACADEMICALLY, PROFESSIONALLY AND BECOME VALUABLE CONTRIBUTORS TO THEIR COMMUNITIES AND WITHIN THEIR PROFESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Gomez Chapman Trustee (thru 7/31/22) | Trustee | 3 | $0 |
Carlos Rodriguez Trustee | Trustee | 3 | $0 |
Dan Pittard Trustee | Trustee | 3 | $0 |
Dr E Lee Rice Trustee, Vice Chair | OfficerTrustee | 3 | $0 |
Dr Erlinda Martinez Trustee | Trustee | 3 | $0 |
Harold Greenberg Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
System Management Group Admin And Back Office Services | 10/30/22 | $73,776,887 |
National University Admin And Back Office Services | 10/30/22 | $8,891,340 |
Padres Lp Commencement Services | 10/30/22 | $256,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $280,962 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,928 |
| Total Program Service Revenue | $154,951,146 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,655 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,334,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,687,555 |
| Grants and other assistance to Foreign Orgs/Individuals | $101,102 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,239,989 |
| Compensation of current officers, directors, key employees. | $776,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,457,084 |
| Pension plan accruals and contributions | $551,221 |
| Other employee benefits | $2,273,678 |
| Payroll taxes | $1,841,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,271 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,724,170 |
| Advertising and promotion | $38,179,744 |
| Office expenses | $989,724 |
| Information technology | $393,039 |
| Royalties | $0 |
| Occupancy | $80,367 |
| Travel | $1,195,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $555,970 |
| Interest | $82,262 |
| Payments to affiliates | $44,301,912 |
| Depreciation, depletion, and amortization | $9,406,132 |
| Insurance | $15,034 |
| All other expenses | $0 |
| Total functional expenses | $169,557,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,343,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,381,658 |
| 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 | $1,743,875 |
| Net Land, buildings, and equipment | $5,531,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $18,917,333 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,917,275 |
| Accounts payable and accrued expenses | $2,691,331 |
| Grants payable | $0 |
| Deferred revenue | $12,419,354 |
| 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 | $6,862,906 |
| Total liabilities | $21,973,591 |
| Net assets without donor restrictions | $32,943,684 |
| Net assets with donor restrictions | $0 |
| 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 | $54,917,275 |