Seattle Pacific University
- Assets
- $364.0m
- Revenue
- $148.5m
- Investments
- $177.7m
- Employees
- 2,084
- Location
- Seattle, WA
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 91-0565553
Organization Overview
Seattle Pacific University is located in Seattle, WA. The organization was established in 1943. 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, Seattle Pacific University employed 2,084 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Pacific 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, Seattle Pacific University generated $148.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $156.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Seattle Pacific University has awarded 22 individual grants totaling $357,800. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEATTLE PACIFIC UNIVERSITY IS A CHRISTIAN UNIVERSITY FULLY COMMITTED TO ENGAGING THE CULTURE AND CHANGING THE WORLD BY GRADUATING PEOPLE OF COMPETENCE AND CHARACTER, BECOMING PEOPLE OF WISDOM, AND MODELING GRACE-FILLED COMMUNITY.
Describe the Organization's Program Activity:
HIGHER EDUCATION: THE ACADEMIC PROGRAM SERVES 3,443 UNDERGRADUATE AND GRADUATE STUDENTS AT ITS MAIN SEATTLE CAMPUS, AS WELL AS 1,306 STUDENTS IN CONTINUING EDUCATION CENTERS ACROSS WASHINGTON STATE. THE UNIVERSITY OFFERS 72 UNDERGRADUATE MAJORS AND 58 MINORS CARRIED OUT THROUGH THE COLLEGE OF ARTS AND SCIENCES AND THE SCHOOLS OF BUSINESS, GOVERNMENT AND ECONOMICS; EDUCATION; HEALTH SCIENCES; THEOLOGY; AND PSYCHOLOGY, FAMILY, AND COMMUNITY. GRADUATE STUDIES INCLUDE 32 MASTER'S DEGREES AND FOUR DOCTORAL PROGRAMS.
PUBLIC SERVICE: THE UNIVERSITY OPERATES A CONFERENCE SERVICES PROGRAM AT ITS SEATTLE CAMPUS AND AT ITS 77 ACRE CAMPUS ON WHIDBEY ISLAND, KNOWN AS "CAMP CASEY CONFERENCE CENTER". THIS CENTER PROVIDES OPPORTUNITIES FOR STUDENTS TO FURTHER THEIR STUDIES IN BIOLOGICAL SCIENCES AND OTHER DISCIPLINES, AS WELL AS PROVIDING A FACILITY FOR DIVERSE GROUPS OF NONPROFIT ORGANIZATIONS TO BUILD COMMUNITY AND PROVIDE EDUCATIONAL OPPORTUNITIES FOR THEIR CONSTITUENTS. THE CENTER OFFERS ALL THESE GROUPS A PLACE TO REFLECT, EXCEL, DISCOVER AND GROW. THIS YEAR THERE WERE 199 GROUPS THAT UTILIZED THESE FACILITIES. IN ADDITION, THE UNIVERSITY, THROUGH GRANT FUNDING, IS ALSO PARTNERING WITH VARIOUS CONGREGATIONS IN PROVIDING PARTICIPATION GRANTS FOR THE DEVELOPMENT OF THEIR YOUNG ADULT MINISTRIES.
STUDENT SERVICES, CONSTITUENCY AND OTHER PROGRAMS: THE UNIVERSITY PROVIDES ACTIVITIES AND SERVICES TO 3,443 STUDENTS IN CO-CURRICULAR AND SUPPORT PROGRAMS WHILE ENGAGED IN THEIR ACADEMIC ACTIVITIES. THE UNIVERSITY ALSO PROVIDES PROGRAMS FOR MORE THAN 48,883 ALUMNI TO KEEP THEM ENGAGED AND INVOLVED WITH THE UNIVERSITY FOR YEARS TO COME.
STUDENT HOUSING AND DINING: AS OF FALL QUARTER 2021, HOUSING SERVICES ARE PROVIDED FOR 1,326 STUDENTS AND 1,087 STUDENTS TOOK PART IN THE UNIVERSITY MEAL PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Martin President | 50 | $234,582 | |
Craig Kispert Senior VP For Finance And Administration | Officer | 50 | $262,862 |
Laura Hartley Provost | Officer | 50 | $256,300 |
Cynthia Price Vice Provost For Academic Affairs | Officer | 50 | $197,322 |
Jeffrey Jordan Vice Provost For Student Formation And Community Engagement | Officer | 50 | $190,305 |
Louise Furrow VP For University Advancement | Officer | 50 | $189,977 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arcon Tenant Improvement Contractors Construction Services | 6/29/22 | $410,045 |
Md Design Construction Services | 6/29/22 | $292,539 |
Dna Marketing Services | 6/29/22 | $292,345 |
Seattle Remodeling Llc Construction Services | 6/29/22 | $195,308 |
Ellucian Company Lp Software Services | 6/29/22 | $226,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $94,841 |
| Membership dues | $0 |
| Fundraising events | $23,850 |
| Related organizations | $407,452 |
| Government grants | $9,676,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,601,668 |
| Noncash contributions included in lines 1a–1f | $285,851 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,804,567 |
| Total Program Service Revenue | $125,966,395 |
| Investment income | $6,431,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,166 |
| Net Gain/Loss on Asset Sales | -$179 |
| Net Income from Fundraising Events | -$9,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,499,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,654,255 |
| Grants and other assistance to Foreign Orgs/Individuals | $335,208 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,375,723 |
| Compensation of current officers, directors, key employees. | $858,079 |
| Compensation to disqualified persons | $444,816 |
| Other salaries and wages | $48,777,863 |
| Pension plan accruals and contributions | $3,109,840 |
| Other employee benefits | $6,466,559 |
| Payroll taxes | $3,670,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $196,725 |
| Fees for services: Accounting | $117,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,152 |
| Fees for services: Investment Management | $600,517 |
| Fees for services: Other | $10,712,312 |
| Advertising and promotion | $827,489 |
| Office expenses | $3,934,828 |
| Information technology | $2,056,830 |
| Royalties | $11,077 |
| Occupancy | $11,159,848 |
| Travel | $1,967,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,118 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,698,238 |
| Insurance | $837,138 |
| All other expenses | $825,901 |
| Total functional expenses | $155,952,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,668,301 |
| Savings and temporary cash investments | $5,776 |
| Pledges and grants receivable | $1,058,444 |
| Accounts receivable, net | $4,918,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,371,500 |
| Inventories for sale or use | $377,529 |
| Prepaid expenses and deferred charges | $1,147,218 |
| Net Land, buildings, and equipment | $144,565,780 |
| Investments—publicly traded securities | $8,796 |
| Investments—other securities | $177,733,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,968 |
| Total assets | $364,019,282 |
| Accounts payable and accrued expenses | $12,976,816 |
| Grants payable | $0 |
| Deferred revenue | $4,749,335 |
| Tax-exempt bond liabilities | $85,356,110 |
| 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 | $6,346,116 |
| Total liabilities | $109,428,377 |
| Net assets without donor restrictions | $140,718,212 |
| Net assets with donor restrictions | $113,872,693 |
| 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 | $364,019,282 |
Grants Awarded
Over the last fiscal year, Seattle Pacific University has awarded $167,800 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE BURIEN PRESBYTERIAN CHURCH PURPOSE: Participation grants for development of young adult ministries | $14,050 |
LIGHTHOUSE CHRISTIAN CHURCH PURPOSE: Participation grants for development of young adult ministries | $13,450 |
A SEATTLE CHURCH PURPOSE: Participation grants for development of young adult ministries | $13,450 |
LAKE SAMMAMISH FOURSQUARE CHURCH PURPOSE: Participation grants for development of young adult ministries | $13,450 |
NEW EARTH TIERRA NUEVA PURPOSE: Participation grants for development of young adult ministries | $13,450 |
NORTHMINSTER PRESBYTERIAN CHURCH PURPOSE: Participation grants for development of young adult ministries | $8,250 |