Corban University
- Assets
- $26.2m
- Revenue
- $41.0m
- Investments
- $0.0
- Employees
- 657
- Location
- Salem, OR
- Founding
- 06/1956
- Data as of
- 06/2021
- EIN
- 94-1312349
Organization Overview
Corban University is located in Salem, OR. The organization was established in 1956. 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, Corban University employed 657 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corban 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 06/2021, Corban University generated $41.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $37.8m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EQUIP MEN AND WOMEN TO BRING CHARACTER TO THEIR COMMUNITIES AND COMPETENCE TO THEIR CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES USED TO PROVIDE OVER 50 UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS, BOTH ON CAMPUS AND ONLINE TO APPROXIMATELY 1,200 STUDENTS. EACH PROGRAM COMBINES ACADEMIC EXCELLENCE WITH CHRISTIAN PRINCIPLES AND PURPOSE, INTEGRATING A BIBLICAL WORLDVIEW IN EVERY CLASS.
TO PROVIDE ON-CAMPUS STUDENT HOUSING AND FOOD SERVICES FOR OVER 450 STUDENTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Nord President | Officer | 40 | $264,915 |
Tom Cornman Provost | Officer | 40 | $152,967 |
Steve Sammons Vice President Strategic Initatives | Officer | 40 | $126,154 |
Bryce Bernard Professor Of Business | 40 | $109,403 | |
Brenda Roth Vice President For Student Life | Officer | 40 | $105,645 |
Denise Wendler Assoc VP Finance/controller | Officer | 40 | $98,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A-game Courts Gymnasium Floor Construction | 6/29/21 | $155,640 |
Aramark Corporation Food Services | 6/29/21 | $1,783,173 |
Capture Llc Marketing Consulting | 6/29/21 | $137,510 |
Frey Resource Group Grant Writing | 6/29/21 | $121,208 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,268 |
| Related organizations | $0 |
| Government grants | $1,919,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,121,256 |
| Noncash contributions included in lines 1a–1f | $956,733 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,044,268 |
| Total Program Service Revenue | $35,460,954 |
| Investment income | $125,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,794 |
| Net Gain/Loss on Asset Sales | $217,919 |
| Net Income from Fundraising Events | $15,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,955,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,259,002 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $924,088 |
| Compensation of current officers, directors, key employees. | $763,231 |
| Compensation to disqualified persons | $65,524 |
| Other salaries and wages | $9,107,353 |
| Pension plan accruals and contributions | $8,588 |
| Other employee benefits | $1,433,274 |
| Payroll taxes | $664,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,930 |
| Fees for services: Accounting | $102,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,020 |
| Fees for services: Other | $470,150 |
| Advertising and promotion | $1,335,369 |
| Office expenses | $427,562 |
| Information technology | $684,800 |
| Royalties | $0 |
| Occupancy | $1,464,764 |
| Travel | $1,740,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,995 |
| Interest | $448,945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969,436 |
| Insurance | $99,087 |
| All other expenses | $4,428 |
| Total functional expenses | $37,810,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,227 |
| Savings and temporary cash investments | $3,536,450 |
| Pledges and grants receivable | $1,258,546 |
| Accounts receivable, net | $512,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,380,000 |
| Inventories for sale or use | $14,147 |
| Prepaid expenses and deferred charges | $351,858 |
| Net Land, buildings, and equipment | $13,288,591 |
| Investments—publicly traded securities | $4,921,739 |
| Investments—other securities | $0 |
| Investments—program-related | $595,908 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,227,993 |
| Accounts payable and accrued expenses | $2,011,546 |
| Grants payable | $0 |
| Deferred revenue | $1,026,519 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $210,000 |
| Secured mortgages and notes payable | $5,407,229 |
| Unsecured mortgages and notes payable | $1,214,195 |
| Other liabilities | $91,937 |
| Total liabilities | $9,961,426 |
| Net assets without donor restrictions | $10,778,495 |
| Net assets with donor restrictions | $5,488,072 |
| 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 | $26,227,993 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Corban University has recieved totaling $1,546,647.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $571,950 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: ONLINE EDUCATIONAL PROGRAM EXPANSION | $544,250 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: ONLINE EDUCATIONAL PROGRAM EXPANSION | $201,250 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: VISION AND CALL INTERNSHIP PROGRAM (PHASE 9 - GRANT CYCLE 1) | $66,000 |
Larry K Sharpf Educational Scholarship Foundation Sherwood, OR PURPOSE: EDUCATION | $29,000 |
Oregon Alliance Of Independent Colleges And Universities Tualatin, OR PURPOSE: SUPPORT AND SCHOLARSHIPS | $26,586 |
Endowment Analysis
| Beg. Balance | $562,293 |
| Earnings | $65,447 |
| Ending Balance | $627,740 |
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 College Of Idaho Inc Caldwell, ID | $172,477,776 | $58,915,354 |
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 |
Northwest Nazarene University Inc Nampa, ID | $150,539,904 | $62,049,602 |
Northwest University Kirkland, WA | $66,204,859 | $53,966,388 |