Willamette University
- Assets
- $536.3m
- Revenue
- $137.8m
- Investments
- $293.9m
- Employees
- 2,041
- Location
- Salem, OR
- Founding
- 09/1935
- Data as of
- 06/2023
- EIN
- 93-0386972
Organization Overview
Willamette University is located in Salem, OR. The organization was established in 1935. 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, Willamette University employed 2,041 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willamette 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, Willamette University generated $137.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $172.9m during the year ending 06/2023. 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
THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITYPREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING.
Describe the Organization's Program Activity:
HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,347 IN THE COLLEGE OF ARTS AND SCIENCES, 314 IN THE COLLEGE OF LAW, 122 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 17 IN THE SCHOOL OF COMPUTING AND INFORMATION SCIENCES, 75 IN A JOINT DEGREE PROGRAM, 365 IN PACIFIC NORTHWEST COLLEGE OF ARTS, AND 106 IN THE HALLIE FORD SCHOOL OF GRADUATE STUDIES (2,346 STUDENTS).
HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,059 STUDENTS) AND SUMMER CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Thorsett President | OfficerTrustee | 40 | $484,263 |
Daniel Valles Sr Vice President, COO & Treasurer | OfficerTrustee | 40 | $262,276 |
Kevin Smith Chair | OfficerTrustee | 1 | $0 |
Elizabeth Large Vice Chair | OfficerTrustee | 1 | $0 |
Lynne Saxton Immediate Past Chair | OfficerTrustee | 1 | $0 |
Sean O'hollaren Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Food Service | 6/29/23 | $4,249,951 |
Siemens Corporation Information Technology | 6/29/23 | $2,878,429 |
America Cleaning Solutions Inc Janitorial | 6/29/23 | $1,640,092 |
Global Endowment Management Investment Management | 6/29/23 | $1,581,674 |
Anderson Roofing Co Inc Construction | 6/29/23 | $1,234,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,047,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,366,714 |
| Noncash contributions included in lines 1a–1f | $577,818 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,414,203 |
| Total Program Service Revenue | $120,183,646 |
| Investment income | $524,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $146,567 |
| Net Gain/Loss on Asset Sales | -$116,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,752,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,270 |
| Grants and other assistance to domestic individuals. | $56,759,308 |
| Grants and other assistance to Foreign Orgs/Individuals | $955,360 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,986,280 |
| Compensation of current officers, directors, key employees. | $1,860,055 |
| Compensation to disqualified persons | $44,741 |
| Other salaries and wages | $48,579,287 |
| Pension plan accruals and contributions | $4,543,683 |
| Other employee benefits | $6,846,216 |
| Payroll taxes | $3,784,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $464,620 |
| Fees for services: Accounting | $207,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $88,434 |
| Fees for services: Investment Management | $1,696,301 |
| Fees for services: Other | $8,361,077 |
| Advertising and promotion | $648,171 |
| Office expenses | $3,852,755 |
| Information technology | $2,346,558 |
| Royalties | $0 |
| Occupancy | $7,793,121 |
| Travel | $2,446,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,296 |
| Interest | $3,798,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,589,947 |
| Insurance | $1,870,602 |
| All other expenses | $739,494 |
| Total functional expenses | $172,915,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,167,007 |
| Savings and temporary cash investments | $21,755,842 |
| Pledges and grants receivable | $4,420,753 |
| Accounts receivable, net | $4,591,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,978,688 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,460,826 |
| Net Land, buildings, and equipment | $166,775,642 |
| Investments—publicly traded securities | $20,603,043 |
| Investments—other securities | $293,946,613 |
| Investments—program-related | $1,330,224 |
| Intangible assets | $0 |
| Other assets | $17,250,161 |
| Total assets | $536,279,964 |
| Accounts payable and accrued expenses | $16,904,353 |
| Grants payable | $0 |
| Deferred revenue | $2,574,008 |
| Tax-exempt bond liabilities | $100,101,681 |
| Escrow or custodial account liability | $1,168,382 |
| 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 | $40,735,013 |
| Total liabilities | $161,483,437 |
| Net assets without donor restrictions | $84,095,210 |
| Net assets with donor restrictions | $290,701,317 |
| 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 | $536,279,964 |