Simpson University
- Assets
- $52.4m
- Revenue
- $43.5m
- Investments
- $725.8k
- Employees
- 541
- Location
- Redding, CA
- Founding
- 06/1953
- Data as of
- 04/2022
- EIN
- 94-1339635
Organization Overview
Simpson University is located in Redding, CA. The organization was established in 1953. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 04/2022, Simpson University employed 541 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson 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 04/2022, Simpson University generated $43.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $37.0m during the year ending 04/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING EACH STUDENT IN MIND, FAITH, AND CHARACTER FOR A LIFE-TIME OF MEANINGFUL WORK AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMPSON UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING OFFERING LIBERAL ARTS AND PROFESSIONAL STUDIES DEGREES AND A GRADUATE SCHOOL. THE UNIVERSITY SERVED APPROXIMATELY 960 TRADITIONAL UNDERGRADUATE STUDENTS AND 284 OTHER EDUCATION AND GRADUATE LEVEL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Norman D Hall President | Officer | 40 | $134,721 |
Dale Simmons Provost | 40 | $122,635 | |
Robert Quirk Chief Operations Officer | Officer | 40 | $116,190 |
Mr Timothy N Dietz Chief Financial Officer | Officer | 40 | $114,153 |
Dan Tating Athletic Director | 40 | $108,213 | |
Misty Smith Dean Of Nursing | 40 | $105,533 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frandsen Construction Misc Construction Projects | 4/29/22 | $266,200 |
Gibson Heating & Air Install New A/c Units | 4/29/22 | $220,852 |
Parks Hardwood Floors New Flooring Installation | 4/29/22 | $162,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,057,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,688,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,746,087 |
| Total Program Service Revenue | $28,082,922 |
| Investment income | $296,304 |
| Tax Exempt Bond Proceeds | $5,799 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $341,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,472,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,724,354 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $554,994 |
| Compensation of current officers, directors, key employees. | $554,994 |
| Compensation to disqualified persons | $6,257 |
| Other salaries and wages | $10,120,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $746,106 |
| Payroll taxes | $775,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,239 |
| Fees for services: Accounting | $172,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,000 |
| Fees for services: Other | $3,076,090 |
| Advertising and promotion | $910,165 |
| Office expenses | $603,905 |
| Information technology | $168,603 |
| Royalties | $0 |
| Occupancy | $688,757 |
| Travel | $1,213,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,708,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,320,030 |
| Insurance | $450,388 |
| All other expenses | $221,850 |
| Total functional expenses | $37,039,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,551,577 |
| Savings and temporary cash investments | $4,111,817 |
| Pledges and grants receivable | $4,661,735 |
| Accounts receivable, net | $528,542 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $124,716 |
| Inventories for sale or use | $24,210 |
| Prepaid expenses and deferred charges | $104,115 |
| Net Land, buildings, and equipment | $28,575,776 |
| Investments—publicly traded securities | $6,699,228 |
| Investments—other securities | $725,836 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,339,947 |
| Total assets | $52,447,499 |
| Accounts payable and accrued expenses | $1,256,909 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $28,937,862 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | -$98,801 |
| Unsecured mortgages and notes payable | $551,000 |
| Other liabilities | $573,651 |
| Total liabilities | $31,220,621 |
| Net assets without donor restrictions | $9,335,574 |
| Net assets with donor restrictions | $11,891,304 |
| 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 | $52,447,499 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Simpson University has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Kawabe Memorial Fund Aka Harry S Kawabe Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $4,000 |
Endowment Analysis
| Beg. Balance | $7,388,879 |
| Earnings | -$374,098 |
| Net Contributions | $272,667 |
| Other Expense | $97,157 |
| Ending Balance | $7,190,201 |
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 |