Pacific University
- Assets
- $328.0m
- Revenue
- $179.4m
- Investments
- $15.2m
- Employees
- 3,846
- Location
- Forest Grove, OR
- Founding
- 10/1972
- Data as of
- 06/2023
- 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 06/2023, Pacific University employed 3,846 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 06/2023, Pacific University generated $179.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $174.6m during the year ending 06/2023. While expenses have increased by 1.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A DIVERSE SUSTAINABLE COMMUNITY DEDICATED TO DISCOVERY AND EXCELLENCE IN TEACHING, SCHOLARSHIP, AND PRACTICE, PACIFIC INSPIRES STUDENTS TO THINK, CARE, AND PURSUE JUSTICE IN OUR WORLD
Describe the Organization's Program Activity:
INSTRUCTION - ACADEMIC DEPARTMENTS PROVIDE EDUCATIONAL SERVICES TO ATTENDING STUDENTS.
OTHER PROGRAM SERVICES
GRANTS AND SCHOLARSHIPS - THE UNIVERSITY PROVIDES MONETARY SUPPORT THROUGH GRANTS, SCHOLARSHIPS, AND FINANCIAL AID TO QUALIFIED STUDENTS.
OTHER STUDENT SUPPORT SERVICES - DORM, CAFETERIA AND ACTIVITIES ARE PROVIDED TO STUDENTS TO ENHANCE THE ACADEMIC SOCIAL ENVIRONMENT AT THE UNIVERSITY.
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 |
|---|---|---|---|
Dr Lesley M Hallick President Emerita | OfficerTrustee | 40 | $595,012 |
Amelie Brazelton Aust Trustee | Trustee | 1 | $0 |
Cameron Perry Trustee | Trustee | 1 | $0 |
Chris Tuffli Trustee | Trustee | 1 | $0 |
Chuck Quinn Trustee | Trustee | 1 | $0 |
Dan James Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsh Construction Company Contractor | 6/29/23 | $1,498,845 |
Bon Appetit Management Food Service | 6/29/23 | $4,145,250 |
Miller Nash Graham & Dunn Llp Legal | 6/29/23 | $1,227,418 |
Legacy General Contracting Llc Contractor | 6/29/23 | $1,024,388 |
In Line Commercial Construction Contractor | 6/29/23 | $628,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,021,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,527,728 |
| Noncash contributions included in lines 1a–1f | $358,712 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,549,615 |
| Total Program Service Revenue | $163,638,803 |
| Investment income | $3,845,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,408,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,441,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,653,818 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,340,806 |
| Compensation of current officers, directors, key employees. | $415,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,307,484 |
| Pension plan accruals and contributions | $4,702,898 |
| Other employee benefits | $12,988,957 |
| Payroll taxes | $4,702,898 |
| Fees for services: Management | $4,385,200 |
| Fees for services: Legal | $413,433 |
| Fees for services: Accounting | $177,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,889 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,785,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,945,230 |
| Interest | $3,443,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,909,542 |
| Insurance | $1,029,579 |
| All other expenses | $0 |
| Total functional expenses | $174,632,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,739,526 |
| Savings and temporary cash investments | $106,061 |
| Pledges and grants receivable | $6,303,542 |
| Accounts receivable, net | $5,209,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,221,599 |
| Inventories for sale or use | $374,289 |
| Prepaid expenses and deferred charges | $4,766,082 |
| Net Land, buildings, and equipment | $141,816,314 |
| Investments—publicly traded securities | $45,733,180 |
| Investments—other securities | $15,174,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,598,399 |
| Total assets | $328,042,784 |
| Accounts payable and accrued expenses | $4,409,111 |
| Grants payable | $0 |
| Deferred revenue | $9,028,172 |
| Tax-exempt bond liabilities | $73,749,185 |
| 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 | $997,811 |
| Other liabilities | $44,978,395 |
| Total liabilities | $133,162,674 |
| Net assets without donor restrictions | $107,821,075 |
| Net assets with donor restrictions | $87,059,035 |
| 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 | $328,042,784 |