Northwest University
- Assets
- $62.6m
- Revenue
- $48.9m
- Investments
- $0.0
- Employees
- 970
- Location
- Kirkland, WA
- Founding
- 08/1955
- Data as of
- 05/2023
- EIN
- 91-0615846
Organization Overview
Northwest University is located in Kirkland, WA. The organization was established in 1955. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Northwest University employed 970 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest 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 05/2023, Northwest University generated $48.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $50.5m during the year ending 05/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY EDUCATION IN A CHRISTIAN ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSTSECONDARY EDUCATION: NORTHWEST UNIVERSITY PROVIDES POSTSECONDARY EDUCATION TO APPROXIMATELY 2229 STUDENTS ON CAMPUSES IN KIRKLAND, WA, SALEM OR, AND VIA ONLINE LEARNING MODALITIES. INCLUDED AMONG THESE STUDENTS ARE APPROXIMATELY 20 ACT 6 SCHOLARS WHO RECEIVE FULL NEED SCHOLARSHIPS, INCREASE THE DIVERSITY OF THE UNIVERSITY POPULATION AND FILL IMPORTANT STUDENT LEADERSHIP POSITIONS. NORTHWEST UNIVERSITY ALSO PREPARES OUR STUDENTS TO BE PROFESSIONALS, LAY LEADERS FOR CHURCH MINISTRIES AND OTHER NOT-FOR-PROFIT MINISTRY ORGANIZATIONS. MANY STUDENTS HAVE THE OPPORTUNITY TO GO ON MISSION TRIPS TO OTHER COUNTRIES OR TO STUDY ABROAD. NORTHWEST UNIVERSITY SEEKS TO CARRY THE CALL OF GOD THROUGH OUR STUDENTS AND AROUND THE WORLD AS WE BUILD A LEARNING COMMUNITY DEDICATED TO SPIRITUAL VITALITY, ACADEMIC EXCELLENCE AND EMPOWERED ENGAGEMENT WITH HUMAN NEED.
POSTSECONDARY EDUCATION: UNIVERSITY HOUSING AND FOOD SERVICE FOR STUDENTS DURING THE 2022-23 ACADEMIC YEAR; APPROXIMATELY 530 RESIDENT STUDENTS
POST SECONDARY EDUCATION: UNIVERSITY CONFERENCES AND EVENTS. SERVICED APPROXIMATELY 400 STUDENTS DURING THE 2022-23 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Castleberry President | OfficerTrustee | 32 | $255,851 |
Ben Thomas Associate Provost | 40 | $115,138 | |
Troy Bender Dean | 40 | $158,897 | |
Eric Engstrom Vice President | 40 | $114,609 | |
Craig Chapman Dean | 40 | $121,805 | |
Sarah Drivdahl Dean | 40 | $114,644 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Esmb Inc Construction | 5/30/23 | $2,609,202 |
Pioneer College Caterers Student Food Services | 5/30/23 | $674,866 |
National Management Resources Corp Facility And Landscape Maint | 5/30/23 | $1,517,417 |
Sodexo America Llc Dining Services | 5/30/23 | $533,382 |
Synergy Campus Security Services Ll Security Patrol | 5/30/23 | $527,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,224,561 |
| Related organizations | $330,489 |
| Government grants | $535,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,501,167 |
| Noncash contributions included in lines 1a–1f | $67,794 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,591,461 |
| Total Program Service Revenue | $41,982,025 |
| Investment income | $879,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $357,937 |
| Net Gain/Loss on Asset Sales | -$263,389 |
| Net Income from Fundraising Events | -$51,978 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,946,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,483,735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $539,971 |
| Compensation of current officers, directors, key employees. | $120,639 |
| Compensation to disqualified persons | $31,412 |
| Other salaries and wages | $17,038,507 |
| Pension plan accruals and contributions | $684,119 |
| Other employee benefits | $2,610,857 |
| Payroll taxes | $1,180,194 |
| Fees for services: Management | $3,189,045 |
| Fees for services: Legal | $48,866 |
| Fees for services: Accounting | $68,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $220,360 |
| Fees for services: Investment Management | $81,316 |
| Fees for services: Other | $1,264,056 |
| Advertising and promotion | $1,568,735 |
| Office expenses | $97,894 |
| Information technology | $651,262 |
| Royalties | $0 |
| Occupancy | $1,829,099 |
| Travel | $782,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $629,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,402,918 |
| Insurance | $412,922 |
| All other expenses | $895,709 |
| Total functional expenses | $50,516,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,839,750 |
| Savings and temporary cash investments | $1,631,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,501,833 |
| 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 | $784,424 |
| Net Land, buildings, and equipment | $44,800,574 |
| Investments—publicly traded securities | $10,761,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,287,446 |
| Total assets | $62,607,175 |
| Accounts payable and accrued expenses | $3,601,760 |
| Grants payable | $0 |
| Deferred revenue | $1,734,437 |
| Tax-exempt bond liabilities | $21,088,611 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,788,043 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,239,604 |
| Total liabilities | $29,452,455 |
| Net assets without donor restrictions | $27,632,039 |
| Net assets with donor restrictions | $5,522,681 |
| 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 | $62,607,175 |