Humphreys College
- Assets
- $29.3m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 131
- Location
- Stockton, CA
- Founding
- 02/1948
- Data as of
- 06/2022
- 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 06/2022, Humphreys College employed 131 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 06/2022, Humphreys College generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Wilma Okamoto-Vaughn Trustee | Trustee | 2 | $0 |
Blair Hake Trustee | Trustee | 2 | $0 |
Jerome Clay Trustee | Trustee | 2 | $0 |
Charlynn Harless Trustee | Trustee | 2 | $0 |
Rupert Hall Trustee | Trustee | 2 | $0 |
Jose Alva Trustee | Trustee | 2 | $0 |
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 | $1,247,324 |
| 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 | $1,247,324 |
| Total Program Service Revenue | $6,051,479 |
| Investment income | $87,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,529,174 |
| 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. | $862,136 |
| Compensation of current officers, directors, key employees. | $257,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,555,634 |
| Pension plan accruals and contributions | $97,425 |
| Other employee benefits | $411,018 |
| Payroll taxes | $287,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,721 |
| Fees for services: Accounting | $196,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,671 |
| Advertising and promotion | $145,710 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,057 |
| Travel | $3,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $459,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,039 |
| Insurance | $113,940 |
| All other expenses | $404,379 |
| Total functional expenses | $6,932,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,676,253 |
| Savings and temporary cash investments | $99,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $334,469 |
| 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 | $97,143 |
| Net Land, buildings, and equipment | $17,536,180 |
| Investments—publicly traded securities | $3,516,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,264,306 |
| Accounts payable and accrued expenses | $318,538 |
| Grants payable | $0 |
| Deferred revenue | $32,337 |
| 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 | $12,796,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,654 |
| Total liabilities | $13,188,829 |
| Net assets without donor restrictions | $16,075,477 |
| 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 | $29,264,306 |