Pacific Union College
- Assets
- $87.5m
- Revenue
- $41.8m
- Investments
- $0.0
- Employees
- 835
- Location
- Angwin, CA
- Founding
- 04/1947
- Data as of
- 06/2022
- EIN
- 94-1279798
Organization Overview
Pacific Union College is located in Angwin, CA. The organization was established in 1947. 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, Pacific Union College employed 835 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pacific Union 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, Pacific Union College generated $41.8m 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 (4.3%) each year. All expenses for the organization totaled $50.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEVENTH-DAY ADVENTIST COLLEGE PROVIDING CHRIST-CENTERED EDUCATION.
Describe the Organization's Program Activity:
PROVIDE LIBERAL ARTS COLLEGE EDUCATION FOR AROUND 800 INDIVIDUAL STUDENTS INCLUDING PROVIDING WORK OPPORTUNITIES FOR AROUND 400 STUDENTS TO EARN A PORTION OF THEIR EDUCATION AND/OR LIVING COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cushman Jr President - (end 06/21) | 40 | $167,217 | |
Debra Wallace Professor Of Nursing | 40 | $121,629 | |
Ralph Trecartin President - (start 07/21) | OfficerTrustee | 40 | $119,570 |
Hannah Saravanakumar Professor Of Nursing | 40 | $109,289 | |
Brandon Parker Chief Financial Officer | Officer | 40 | $101,621 |
Jana Aagaard Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Service | 6/29/22 | $1,876,935 |
Helmer Sons Construction | 6/29/22 | $766,790 |
Landcare Landscaping Service | 6/29/22 | $257,850 |
Allied Universal Security | 6/29/22 | $547,750 |
Pic Group Maintenance | 6/29/22 | $237,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,781,101 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,619,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,400,353 |
| Total Program Service Revenue | $30,646,488 |
| Investment income | $1,210,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $166,209 |
| Net Gain/Loss on Asset Sales | $425,765 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,849,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,402,586 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,651 |
| Compensation of current officers, directors, key employees. | $82,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,652,826 |
| Pension plan accruals and contributions | $2,110,433 |
| Other employee benefits | $3,725,696 |
| Payroll taxes | $1,084,528 |
| Fees for services: Management | $224,922 |
| Fees for services: Legal | $290,725 |
| Fees for services: Accounting | $166,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,747,051 |
| Advertising and promotion | $454,480 |
| Office expenses | $1,812,209 |
| Information technology | $783,072 |
| Royalties | $0 |
| Occupancy | $2,966,724 |
| Travel | $1,137,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,503,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,591,483 |
| Insurance | $815,731 |
| All other expenses | $0 |
| Total functional expenses | $50,698,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,867 |
| Savings and temporary cash investments | $3,315,672 |
| Pledges and grants receivable | $7,233,350 |
| Accounts receivable, net | $4,431,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,511,429 |
| Inventories for sale or use | $294,269 |
| Prepaid expenses and deferred charges | $847,852 |
| Net Land, buildings, and equipment | $40,377,572 |
| Investments—publicly traded securities | $23,563,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $852,764 |
| Total assets | $87,463,795 |
| Accounts payable and accrued expenses | $3,101,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $53,293,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,011,054 |
| Total liabilities | $64,406,654 |
| Net assets without donor restrictions | -$13,009,377 |
| Net assets with donor restrictions | $36,066,518 |
| 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 | $87,463,795 |