Humphreys College
- Assets
- $28.5m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 161
- Location
- Stockton, CA
- Founding
- 02/1948
- Data as of
- 06/2021
- EIN
- 94-1196198
Organization Overview
Humphreys College is located in Stockton, CA. The organization was established in 1948. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Humphreys College employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humphreys College 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, Humphreys College generated $8.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. 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
PROVIDE POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMPHREYS UNIVERSITY PROVIDES POST-SECONDARY EDUCATION AND FACILITIES FOR AN ESTIMATED 500 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Humphreys Sr Secretary | Officer | 2 | $0 |
Jess Bonds Dean Graduate Studies | 40 | $164,611 | |
Carrie Castillon Director Admin Services | 40 | $145,721 | |
Matthew George Director Business Develop | 40 | $140,667 | |
Cynthia Becerra Dean Undergrad Studies | 40 | $124,236 | |
Lisa Kooren Dean Instit. Research | 40 | $110,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morro Bay Investments Leaseholder - Rent | 6/29/15 | $258,860 |
Jh Simpson Co Inc Hvac Contractor | 6/29/15 | $106,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,512,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,512,001 |
| Total Program Service Revenue | $6,227,850 |
| Investment income | $520,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,301,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $891,015 |
| Compensation of current officers, directors, key employees. | $272,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,792,191 |
| Pension plan accruals and contributions | $93,519 |
| Other employee benefits | $352,655 |
| Payroll taxes | $298,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,890 |
| Fees for services: Accounting | $251,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,000 |
| Advertising and promotion | $163,989 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,792 |
| Travel | $3,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $444,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601,711 |
| Insurance | $138,262 |
| All other expenses | $355,696 |
| Total functional expenses | $7,202,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,228,008 |
| Savings and temporary cash investments | $6,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,664 |
| Prepaid expenses and deferred charges | $59,436 |
| Net Land, buildings, and equipment | $16,628,746 |
| Investments—publicly traded securities | $4,180,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,503,602 |
| Accounts payable and accrued expenses | $362,701 |
| Grants payable | $0 |
| Deferred revenue | $74,504 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,970,863 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,990 |
| Total liabilities | $12,483,058 |
| Net assets without donor restrictions | $16,020,544 |
| Net assets with donor restrictions | $0 |
| 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 | $28,503,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Cuesta College Foundation San Luis Obispo, CA | $44,331,740 | $6,237,034 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |