University Of Redlands
- Assets
- $515.3m
- Revenue
- $197.4m
- Investments
- $203.2m
- Employees
- 2,564
- Location
- Redlands, CA
- Founding
- 11/1953
- Data as of
- 06/2021
- EIN
- 95-1643389
Organization Overview
University Of Redlands is located in Redlands, CA. The organization was established in 1953. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, University Of Redlands employed 2,564 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Redlands 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, University Of Redlands generated $197.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $196.0m during the year ending 06/2021. 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
THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITY COMMITTED TO A MISSION THAT EMPHASIZES ACADEMIC RIGOR, PERSONAL DEVELOPMENT AND INTERDISCIPLINARY STUDIES.
Describe the Organization's Program Activity:
SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 4,000 STUDENTS
INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 4,656 FULL TIME AND PART TIME STUDENTS
STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS
PUBLIC SUPPORT AND STUDENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Kuncl Thru 0621 President | Officer | 70 | $870,450 |
Cory Nomura Thru 0620 Former Sr VP Finance & Admin | 60 | $415,103 | |
Kathy Ogren Provost | Officer | 60 | $289,270 |
Andrew Wall - Dean School Of Education (thru 06/20)/faculty | Officer | 55 | $262,434 |
Thomas Horan Dean, School Of Business | Officer | 55 | $255,012 |
Kevin Dyerly VP Finance/cfo | Officer | 60 | $253,615 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harvest Table Culinary Group Food Services | 6/29/21 | $3,133,431 |
Keypath Education Llc Online Service | 6/29/21 | $1,573,690 |
Kar Construction Inc Construction | 6/29/21 | $1,181,216 |
Eduvantis Llc Marketing | 6/29/21 | $1,079,919 |
Toveyshultz Construction Inc Construction | 6/29/21 | $1,828,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,588,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,771,927 |
| Noncash contributions included in lines 1a–1f | $2,023,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,360,554 |
| Total Program Service Revenue | $163,073,861 |
| Investment income | $5,230,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $82,577 |
| Net Rental Income | -$1,873 |
| Net Gain/Loss on Asset Sales | $10,685,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,431,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,483,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $407,671 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,415,434 |
| Compensation of current officers, directors, key employees. | $2,162,370 |
| Compensation to disqualified persons | $204,774 |
| Other salaries and wages | $57,098,867 |
| Pension plan accruals and contributions | $548,287 |
| Other employee benefits | $6,679,303 |
| Payroll taxes | $4,956,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $408,686 |
| Fees for services: Accounting | $301,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,009,981 |
| Fees for services: Other | $2,873,019 |
| Advertising and promotion | $3,113,275 |
| Office expenses | $2,304,406 |
| Information technology | $2,442,168 |
| Royalties | $0 |
| Occupancy | $7,406,052 |
| Travel | $425,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,202 |
| Interest | $2,002,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,949,278 |
| Insurance | $2,067,081 |
| All other expenses | $1,466,491 |
| Total functional expenses | $195,972,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,853,489 |
| Savings and temporary cash investments | $10,063,076 |
| Pledges and grants receivable | $8,920,270 |
| Accounts receivable, net | $2,931,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $912,133 |
| Inventories for sale or use | $83,630 |
| Prepaid expenses and deferred charges | $1,446,330 |
| Net Land, buildings, and equipment | $167,899,958 |
| Investments—publicly traded securities | $103,847,086 |
| Investments—other securities | $203,214,124 |
| Investments—program-related | $4,367,501 |
| Intangible assets | $0 |
| Other assets | $7,767,591 |
| Total assets | $515,306,754 |
| Accounts payable and accrued expenses | $14,959,778 |
| Grants payable | $0 |
| Deferred revenue | $6,055,039 |
| Tax-exempt bond liabilities | $54,864,016 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,373,051 |
| Total liabilities | $106,251,884 |
| Net assets without donor restrictions | $113,873,878 |
| Net assets with donor restrictions | $295,180,992 |
| 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 | $515,306,754 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that University Of Redlands has recieved totaling $57,500.
| Awarding Organization | Amount |
|---|---|
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $37,500 |
Los Angeles Philanthropic Foundation Los Angeles, CA PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |
Marie H Hamilton Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIPS FOR BOOKS & | $5,000 |
Redlands Racquet Club Charitable Trust Redlands, CA PURPOSE: TO FUND TENNIS PROGRAM | $1,000 |
Endowment Analysis
| Beg. Balance | $225,444,728 |
| Earnings | $53,904,519 |
| Net Contributions | $6,425,553 |
| Other Expense | $6,407,943 |
| Grants | $3,588,809 |
| Ending Balance | $275,778,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |
Azusa Pacific University Azusa, CA | $364,665,569 | $273,144,020 |
Biola University Inc La Mirada, CA | $495,437,445 | $217,190,577 |