Pacific Union College
- Assets
- $98.7m
- Revenue
- $49.0m
- Investments
- $0.0
- Employees
- 848
- Location
- Angwin, CA
- Founding
- 04/1947
- Data as of
- 06/2021
- 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 06/2021, Pacific Union College employed 848 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 06/2021, Pacific Union College generated $49.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $47.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 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
2021
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 | OfficerTrustee | 40 | $165,823 |
Hannah Saravanakumar Professor Of Nursing | 40 | $108,739 | |
Brandon Parker Corporate Treasurer | Officer | 40 | $96,104 |
Bradford Newton Chair | OfficerTrustee | 1 | $0 |
Stephen Mayer Finance Committee Chair | OfficerTrustee | 1 | $0 |
Steven Spears Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Service | 6/29/21 | $1,300,168 |
Helmer Sons Building Contractor | 6/29/21 | $1,470,447 |
Allied Universal Security | 6/29/21 | $506,934 |
Zimmerly Contruction Inc Building Contractor | 6/29/21 | $259,127 |
Pacific Landscapes Landscaping | 6/29/21 | $248,899 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,380,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,706,397 |
| Noncash contributions included in lines 1a–1f | $4,646,055 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,087,155 |
| Total Program Service Revenue | $31,820,668 |
| Investment income | $552,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $207,928 |
| Net Gain/Loss on Asset Sales | $290,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,958,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,044,117 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $296,511 |
| Compensation of current officers, directors, key employees. | $88,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,774,546 |
| Pension plan accruals and contributions | $2,421,314 |
| Other employee benefits | $2,629,169 |
| Payroll taxes | $1,012,443 |
| Fees for services: Management | $245,426 |
| Fees for services: Legal | $239,582 |
| Fees for services: Accounting | $124,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,061,559 |
| Advertising and promotion | $497,825 |
| Office expenses | $1,648,281 |
| Information technology | $599,185 |
| Royalties | $0 |
| Occupancy | $3,202,787 |
| Travel | $425,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,415,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,607,706 |
| Insurance | $777,138 |
| All other expenses | $0 |
| Total functional expenses | $47,020,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,531 |
| Savings and temporary cash investments | $6,249,556 |
| Pledges and grants receivable | $2,439,071 |
| Accounts receivable, net | $4,641,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,494,981 |
| Inventories for sale or use | $269,024 |
| Prepaid expenses and deferred charges | $1,083,069 |
| Net Land, buildings, and equipment | $41,471,811 |
| Investments—publicly traded securities | $33,914,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,139,873 |
| Total assets | $98,736,096 |
| Accounts payable and accrued expenses | $4,089,778 |
| 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 | $48,525,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,306,039 |
| Total liabilities | $62,921,453 |
| Net assets without donor restrictions | -$5,282,647 |
| Net assets with donor restrictions | $41,097,290 |
| 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 | $98,736,096 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pacific Union College has recieved totaling $314,491.
| Awarding Organization | Amount |
|---|---|
Archie Tonge Education Fund Pollock Pines, CA PURPOSE: Assistance to Seventh-Day Adventist | $202,200 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $78,750 |
Graham Family Foundation Yreka, CA PURPOSE: SISKIYOU COUNTY SCHOLARSHIPS | $10,000 |
Hugh & Hazel Darling Foundation Los Angeles, CA PURPOSE: SCHOLORSHIPS | $10,000 |
Deloitte Foundation Stamford, CT PURPOSE: FY'21 MATCHING GIFTS | $7,500 |
Daniels Fund Denver, CO PURPOSE: SCHOLARSHIP | $5,612 |
Endowment Analysis
| Beg. Balance | $30,090,803 |
| Earnings | $5,275,653 |
| Net Contributions | $88,680 |
| Other Expense | $431,600 |
| Grants | $278,223 |
| Ending Balance | $34,745,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Linfield University Mcminnville, OR | $308,659,467 | $110,269,366 |
Westmont College Santa Barbara, CA | $328,569,320 | $121,110,665 |
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |
Harvey Mudd College Claremont, CA | $659,151,438 | $77,731,780 |
The Masters University And Seminary Santa Clarita, CA | $147,412,644 | $80,766,902 |
William Jessup University Rocklin, CA | $119,510,265 | $60,123,299 |
Pitzer College Claremont, CA | $349,158,922 | $62,327,201 |
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |