William Jessup University
- Assets
- $137.2m
- Revenue
- $57.2m
- Investments
- $0.0
- Employees
- 858
- Location
- Rocklin, CA
- Founding
- 02/1947
- Data as of
- 06/2023
- EIN
- 94-1279803
Organization Overview
William Jessup University is located in Rocklin, 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 06/2023, William Jessup University employed 858 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Jessup 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, William Jessup University generated $57.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $57.8m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRIST-CENTERED UNIVERSITY OFFERING DEGREES VIA TRADITIONAL, CONTINUING AND ONLINE PLATFORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADITIONAL & DEGREE COMPLETION: JESSUP ENROLLS NEARLY 900 STUDENTS IN ITS UNDERGRADUATE AND DEGREE COMPLETION PROGRAMS WITH AN INTEGRATED BIBLICAL FOUNDATION IN EACH PROGRAM. EACH UNDERGRADUATE PROGRAM IS FOUNDED ON A SOLID LIBERAL ARTS CORE AND INTENTIONALLY DESIGNED TO FOSTER A STUDENT'S SPIRITUAL DEVELOPMENT. WITH 26 TRADITIONAL AND DEGREE COMPLETION PROGRAMS, JESSUP HAS A VARIETY OF CONCENTRATIONS AND SPECIALIZATIONS FROM WHICH STUDENTS MAY CHOOSE. JESSUP'S DEGREE COMPLETION PROGRAMS ARE CUSTOMIZED TO SERVE WORKING ADULT STUDENTS IN A COURSE OF STUDY THAT IS CONVENIENT, FLEXIBLE, AND RELEVANT TO THEIR PERSONAL AND PROFESSIONAL GOALS. ACCELERATED COURSES ARE OFFERED REMOTELY IN A SYNCHRONOUS FORMAT. THE DEGREE COMPLETION PEDAGOGY IS BUILT TO SERVE HIGH-CONTEXT ADULT LEARNERS WHO BRING A WIDE RANGE OF WORK AND LIFE SKILLS, GIFTS, AND ABILITIES INTO THE CLASSROOM. CONTINUE ON SCHEDULE O:
GRADUATE EDUCATION: JESSUP OFFERS A GROWING ARRAY OF HIGH QUALITY GRADUATE DEGREES, EACH DESIGNED TO OFFER AN ADVANCED-LEVEL EDUCATIONAL EXPERIENCE TAUGHT BY HIGHLY QUALIFIED FACULTY WHO SHARE PERSONAL CONCERN FOR EACH STUDENT'S SPIRITUAL DEVELOPMENT AND PERSONAL WELL-BEING. CURRENT OFFERINGS SERVE OVER 450 STUDENTS AND INCLUDE A MA OF ACCOUNTANCY, MA IN TEACHING, MA IN EDUCATION, MBA, AN INTERNATIONAL MBA, MS IN COMPUTER SCIENCE, MA IN COUNSELING PSYCHOLOGY, MA IN LEADERSHIP, AND A MS IN KINESIOLOGY. JESSUP IS SELECTIVELY BUILDING HIGH-QUALITY GRADUATE DEGREES THAT SERVE STUDENT INTERESTS AND MARKETPLACE DEMANDS BASED ON THE CORE ACADEMIC STRENGTHS OF ITS PROGRAMS AND FACULTY. CONTINUE ON SCHEDULE O:
ONLINE EDUCATION: THE GROWTH OF ONLINE OPTIONS AND PROGRAMS NOW INCLUDES STUDENTS ACROSS ALL DEGREE PLATFORMS, AS JESSUP SERVES OVER 1100 STUDENTS ONLINE, WITH NEARLY 200 PARTICIPATING IN 12 FULLY ONLINE DEGREE PROGRAMS. UNDERGRADUATE ONLINE DEGREES INCLUDE BUSINESS, COMPUTER SCIENCE, CRIMINAL JUSTICE, HEALTH CARE ADMINISTRATION, LEADERSHIP, AND PSYCHOLOGY. GRADUATE ONLINE DEGREES INCLUDE: MASTER OF COUNSELING PSYCHOLOGY (REMOTE SYNCHRONOUS), MASTER OF SCIENCE IN KINESIOLOGY, MASTER OF BUSINESS ADMINISTRATION, MASTER OF ARTS IN LEADERSHIP, MASTER OF ARTS IN EDUCATION, AND MASTER OF ACCOUNTANCY (REMOTE SYNCHRONOUS). ONLINE DEGREES PROVIDE FLEXIBLE LEARNING PLATFORMS THAT ALLOW STUDENTS WHO WORK TO ACCESS FACULTY AND CURRICULUM IN A CONVENIENT FORMAT. CONTINUE ON SCHEDULE O:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President/trustee | OfficerTrustee | 40 | $236,994 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bethel School Of Technology Tuition Sharing | 6/29/23 | $1,919,392 |
Bon Appetit Food Services (Includes Materials) | 6/29/23 | $1,849,157 |
Descor Inc (Dba Descor Builders) Construction Services | 6/29/23 | $284,893 |
Global Education Group Llc Tuition Sharing | 6/29/23 | $927,362 |
Regent Education Inc Software Licensing & Maintenance Services | 6/29/23 | $243,364 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,498 |
| Related organizations | $0 |
| Government grants | $538,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,639,477 |
| Noncash contributions included in lines 1a–1f | $6,102,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,245,745 |
| Total Program Service Revenue | $44,591,004 |
| Investment income | $428,053 |
| Tax Exempt Bond Proceeds | $138,419 |
| Royalties | $0 |
| Net Rental Income | $255 |
| Net Gain/Loss on Asset Sales | -$167,842 |
| Net Income from Fundraising Events | -$11,349 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,224,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,961,517 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $561,850 |
| Compensation of current officers, directors, key employees. | $140,463 |
| Compensation to disqualified persons | $425,710 |
| Other salaries and wages | $18,379,287 |
| Pension plan accruals and contributions | $211,611 |
| Other employee benefits | $2,037,248 |
| Payroll taxes | $1,209,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,493 |
| Fees for services: Accounting | $77,750 |
| Fees for services: Lobbying | $25,708 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,916 |
| Fees for services: Other | $2,659,879 |
| Advertising and promotion | $973,144 |
| Office expenses | $2,057,728 |
| Information technology | $394,884 |
| Royalties | $0 |
| Occupancy | $3,101,355 |
| Travel | $1,351,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,177 |
| Interest | $3,595,086 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,186,160 |
| Insurance | $402,958 |
| All other expenses | $795,977 |
| Total functional expenses | $57,825,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,915 |
| Savings and temporary cash investments | $11,119,743 |
| Pledges and grants receivable | $492,509 |
| Accounts receivable, net | $711,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,109,746 |
| Inventories for sale or use | $18,884 |
| Prepaid expenses and deferred charges | $759,033 |
| Net Land, buildings, and equipment | $113,654,076 |
| Investments—publicly traded securities | $5,971,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,371,980 |
| Total assets | $137,158,194 |
| Accounts payable and accrued expenses | $3,899,967 |
| Grants payable | $0 |
| Deferred revenue | $6,117,656 |
| Tax-exempt bond liabilities | $71,506,722 |
| Escrow or custodial account liability | $757,615 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,866,000 |
| Unsecured mortgages and notes payable | $1,005,027 |
| Other liabilities | $2,193,327 |
| Total liabilities | $104,346,314 |
| Net assets without donor restrictions | $23,792,027 |
| Net assets with donor restrictions | $9,019,853 |
| 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 | $137,158,194 |
Grants Awarded
Over the last fiscal year, William Jessup University has awarded $46,670 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONVOY OF HOPE PURPOSE: To aid victims of CARR Fire. | $40,900 |
INFAITH COMMUNITY FOUNDATION PURPOSE: To aid victims of CARR Fire. | $5,770 |