Pacific University
- Assets
- $342.4m
- Revenue
- $180.4m
- Investments
- $13.6m
- Employees
- 2,608
- Location
- Forest Grove, OR
- Founding
- 10/1972
- Data as of
- 06/2021
- EIN
- 93-0386892
Organization Overview
Pacific University is located in Forest Grove, OR. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Pacific University employed 2,608 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2021, Pacific University generated $180.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $166.8m during the year ending 06/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - ACADEMIC DEPARTMENTS PROVIDE EDUCATIONAL SERVICES TOATTENDING STUDENTS.
GRANTS AND SCHOLARSHIPS - THE UNIVERSITY PROVIDES MONETARY SUPPORTTHROUGH GRANTS, SCHOLARSHIPS, AND FINANCIAL AID TO QUALIFIEDSTUDENTS.
OTHER STUDENT SUPPORT SERVICES - DORM, CAFETERIA AND ACTIVITIESARE PROVIDED TO STUDENTS TO ENHANCE THE ACADEMIC SOCIALENVIRONMENT AT THE UNIVERSITY.
CLINICS - PART OF CURRICULUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lesley M Hallick President/trustee | OfficerTrustee | 40 | $379,480 |
John Miller VP Academic Affairs/provost | Officer | 40 | $244,215 |
Ann Barr-Gilliespie Executive Dean Vice Provost | 40 | $234,547 | |
Jim Langstraat VP For Finance & Administration | Officer | 40 | $223,658 |
Reza Karimigevari Dean Of The School Of Harmacy | 40 | $208,379 | |
Fraser Horn Dean/college Of Optometry | 40 | $201,140 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Service | 6/29/21 | $2,995,809 |
Ebsco Library | 6/29/21 | $777,725 |
American Heatng Contractor | 6/29/21 | $748,402 |
Ellucian Company Lp Contractor | 6/29/21 | $380,101 |
Ferrilli Information Group Contractor | 6/29/21 | $365,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,051,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,113,865 |
| Noncash contributions included in lines 1a–1f | $168,308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,165,374 |
| Total Program Service Revenue | $162,159,588 |
| Investment income | $7,620,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,501,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,443,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,244,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,184,679 |
| Compensation of current officers, directors, key employees. | $636,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,400,654 |
| Pension plan accruals and contributions | $4,822,672 |
| Other employee benefits | $12,258,914 |
| Payroll taxes | $4,340,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700,936 |
| Fees for services: Accounting | $206,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,286 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,546,449 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,511,603 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $547,226 |
| Interest | $3,811,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,859,692 |
| Insurance | $1,157,534 |
| All other expenses | $4,490,738 |
| Total functional expenses | $166,808,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,841,507 |
| Savings and temporary cash investments | $97,121 |
| Pledges and grants receivable | $3,124,141 |
| Accounts receivable, net | $5,441,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,424,505 |
| Inventories for sale or use | $366,386 |
| Prepaid expenses and deferred charges | $4,105,413 |
| Net Land, buildings, and equipment | $146,572,931 |
| Investments—publicly traded securities | $50,602,629 |
| Investments—other securities | $13,617,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,236,504 |
| Total assets | $342,430,674 |
| Accounts payable and accrued expenses | $7,112,924 |
| Grants payable | $0 |
| Deferred revenue | $9,140,218 |
| Tax-exempt bond liabilities | $83,514,381 |
| 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 | $1,429,769 |
| Other liabilities | $47,334,878 |
| Total liabilities | $148,532,170 |
| Net assets without donor restrictions | $102,804,105 |
| Net assets with donor restrictions | $91,094,399 |
| 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 | $342,430,674 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pacific University has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Marie H Hamilton Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIPS | $1,500 |
Endowment Analysis
| Beg. Balance | $51,421,858 |
| Earnings | $11,363,652 |
| Net Contributions | $1,031,605 |
| Other Expense | $1,012,829 |
| Grants | $968,321 |
| Ending Balance | $61,835,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Corporation Of Gonzaga University Spokane, WA | $1,048,466,141 | $364,739,757 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Seattle University Seattle, WA | $948,615,677 | $388,497,065 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |