University Of Puget Sound
- Assets
- $771.4m
- Revenue
- $141.2m
- Investments
- $405.6m
- Employees
- 2,118
- Location
- Tacoma, WA
- Founding
- 01/1950
- Data as of
- 06/2021
- EIN
- 91-0564961
Organization Overview
University Of Puget Sound is located in Tacoma, WA. The organization was established in 1950. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, University Of Puget Sound employed 2,118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Puget Sound 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, University Of Puget Sound generated $141.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $155.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
DEVELOP STUDENTS TO SUSTAIN INTELLECTUAL CURIOSITY, ACTIVE INQUIRY, & REASONED INDEPENDENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY NATIONAL INDEPENDENT UNDERGRADUATE LIBERAL ARTS COLLEGE IN WESTERN WASHINGTON, PUGET SOUND SERVES APPROXIMATELY 2,000 STUDENTS FROM 46 STATES AND ABROAD, PROVIDING 1,200 CLASSES IN MORE THAN 50 MAJOR AREAS OF STUDY IN THE ARTS, SCIENCES, HUMANITIES, AND SOCIAL SCIENCES, INCLUDING GRADUATE PROGRAMS IN EDUCATION, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, AND PUBLIC HEALTH. THE COLLEGE MAINTAINS A LOW STUDENT-FACULTY RATIO AND PLACES AN EMPHASIS ON EXCELLENCE IN TEACHING. AN ACADEMICALLY RIGOROUS RESIDENTIAL COLLEGE, PUGET SOUND OFFERS A FULL RANGE OF SERVICES TO SUPPORT THE ACADEMIC EXPERIENCE AND STUDENT SUCCESS, INCLUDING ATHLETICS, STUDY ABROAD, COMMUNITY SERVICE, INTERNSHIPS, CAREER PREPARATION, AND LEADERSHIP OPPORTUNITIES. PUGET SOUND ACTIVELY SEEKS AND SUPPORTS A DIVERSITY (SEE SCHEDULE O)OF BACKGROUNDS AND PERSPECTIVES THAT INFORM DEEP AND BROAD LIFELONG LEARNING FOR STUDENTS, FACULTY, STAFF, ALUMNI AND THE BROADER COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Pohlad P'07 Trustee, Chair | OfficerTrustee | 2.3 | $0 |
Laura C Inveen '76 Trustee, Vice Chair | OfficerTrustee | 2.3 | $0 |
Shelly J Heier '98 Trustee, Treasurer | OfficerTrustee | 2.3 | $0 |
Heidi B Brock Trustee | Trustee | 2.3 | $0 |
William M Canfield '76 P'08 Trustee | Trustee | 2.3 | $0 |
Mitzi W Carletti '78 Trustee | Trustee | 2.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jani-king Of Western Washington Janitorial Services | 6/29/22 | $726,288 |
Schuchart Corporation Construction Services | 6/29/22 | $876,818 |
Legacy Renovation Products & Services In Restoration & Fabrication | 6/29/22 | $519,262 |
Orbis Cascade Alliance Library Management System | 6/29/22 | $464,961 |
Columbia Hospitality Inc Hospitality Management & Consulting | 6/29/22 | $451,602 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,874,728 |
| Investment income | $1,403,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,647,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,184,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $54,017,565 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,772,239 |
| Compensation to disqualified persons | $143,361 |
| Other salaries and wages | $48,224,397 |
| Pension plan accruals and contributions | $3,436,100 |
| Other employee benefits | $7,824,896 |
| Payroll taxes | $3,666,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,886 |
| Fees for services: Accounting | $165,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $711,613 |
| Fees for services: Other | $4,356,464 |
| Advertising and promotion | $1,305,208 |
| Office expenses | $4,253,660 |
| Information technology | $2,081,005 |
| Royalties | $19,216 |
| Occupancy | $3,288,558 |
| Travel | $324,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,974 |
| Interest | $3,175,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,885,591 |
| Insurance | $844,583 |
| All other expenses | $0 |
| Total functional expenses | $155,195,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,704,890 |
| Savings and temporary cash investments | $57,723,054 |
| Pledges and grants receivable | $3,645,986 |
| Accounts receivable, net | $1,111,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,133,931 |
| Inventories for sale or use | $381,752 |
| Prepaid expenses and deferred charges | $966,636 |
| Investments—publicly traded securities | $72,907,138 |
| Investments—other securities | $405,621,241 |
| Investments—program-related | $0 |
| Intangible assets | $9,349,253 |
| Other assets | $832,422 |
| Total assets | $771,350,547 |
| Accounts payable and accrued expenses | $24,053,945 |
| Grants payable | $0 |
| Deferred revenue | $2,292,037 |
| Tax-exempt bond liabilities | $67,357,270 |
| Escrow or custodial account liability | $138,300 |
| 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 | $22,125,214 |
| Total liabilities | $115,966,766 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $655,383,781 |