Point Loma Nazarene University
- Assets
- $249.5m
- Revenue
- $169.7m
- Investments
- $0.0
- Employees
- 2,231
- Location
- San Diego, CA
- Founding
- 04/1937
- Data as of
- 06/2022
- EIN
- 95-1644035
Organization Overview
Point Loma Nazarene University is located in San Diego, CA. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Point Loma Nazarene University employed 2,231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Loma Nazarene 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 06/2022, Point Loma Nazarene University generated $169.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $159.1m during the year ending 06/2022. While expenses have increased by 4.9% 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
NON-PROFIT CHRISTIAN UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL ACTIVITIES, INCLUDING STUDENT AID, PREPARE STUDENTS TO ADDRESS THE COMPLEX ISSUES FACING OUR WORLD TODAY WITH INTEGRITY AND FORWARD THINKING. PLNU GRADUATES ENTER THE WORKFORCE PREPARED TO INFLUENCE OUR WORLD FOR GOOD. PLNU SERVES MORE THAN 4,600 STUDENTS OFFERING MORE THAN 50 UNDERGRADUATE AREAS OF STUDY AND 12 GRADUATE PROGRAMS THROUGHOUT SOUTHERN CALIFORNIA.
STUDENT SERVICES ENRICHES THE STUDENT EXPERIENCE AND RESOURCES LIKE THE OFFICES OF STRENGTHS AND VOCATION, THE WELLNESS CENTER, OUTDOOR LEADERSHIP AND RECREATION, SPIRITUAL DEVELOPMENT, AND STUDENT FINANCIAL SERVICES.
ACADEMIC SUPPORT BOLSTERS PLNU STUDENTS' ACADEMIC EXPERIENCE THROUGH RESOURCES LIKE THE TUTORIAL CENTER, PLNU'S RYAN LIBRARY, INFORMATION TECHNOLOGY SERVICES, AND MEDIA AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brower President | OfficerTrustee | 40 | $388,811 |
Alison Reaser Chief Economist | 40 | $272,850 | |
Kerry Fulcher Provost | Officer | 40 | $225,286 |
Joseph D Laluzerne VP Of Finance | Officer | 40 | $203,680 |
Kelly Smith VP Of University Advancement | 40 | $182,860 | |
Corey Fling Chief Information Officer | 40 | $163,549 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Cafeteria Contractor | 6/29/22 | $7,098,456 |
Red Door Interactive Inc Media Contractor | 6/29/22 | $1,835,414 |
Bycor General Contractors Inc Construction Contractor | 6/29/22 | $4,479,366 |
Workday Inc Erp Software/services | 6/29/22 | $843,840 |
Harley Ellis Devereaux Corporation Architectural/engineering Services | 6/29/22 | $382,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,087 |
| Related organizations | $0 |
| Government grants | $4,636,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,296,456 |
| Noncash contributions included in lines 1a–1f | $56,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,990,043 |
| Total Program Service Revenue | $152,170,985 |
| Investment income | $1,173,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $161,291 |
| Net Gain/Loss on Asset Sales | $210,561 |
| Net Income from Fundraising Events | $19,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,725,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,032,953 |
| Grants and other assistance to domestic individuals. | $41,004,879 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,035,932 |
| Compensation of current officers, directors, key employees. | $537,208 |
| Compensation to disqualified persons | $116,872 |
| Other salaries and wages | $53,790,011 |
| Pension plan accruals and contributions | $2,865,143 |
| Other employee benefits | $7,380,511 |
| Payroll taxes | $4,444,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $340,332 |
| Fees for services: Accounting | $107,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,936 |
| Fees for services: Other | $5,028,047 |
| Advertising and promotion | $2,545,818 |
| Office expenses | $2,581,129 |
| Information technology | $2,686,034 |
| Royalties | $0 |
| Occupancy | $10,824,567 |
| Travel | $2,201,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,534 |
| Interest | $1,576,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,514,592 |
| Insurance | $1,326,342 |
| All other expenses | $2,630,120 |
| Total functional expenses | $159,137,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,405,459 |
| Savings and temporary cash investments | $33,784,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,129,217 |
| Loans from Officers, Directors, or Controlling Persons | $3,381,342 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,979,603 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,370,435 |
| Net Land, buildings, and equipment | $130,866,166 |
| Investments—publicly traded securities | $39,215,999 |
| Investments—other securities | $0 |
| Investments—program-related | $2,058,520 |
| Intangible assets | $0 |
| Other assets | $4,288,911 |
| Total assets | $249,479,852 |
| Accounts payable and accrued expenses | $9,993,321 |
| Grants payable | $0 |
| Deferred revenue | $7,253,814 |
| Tax-exempt bond liabilities | $62,515,868 |
| 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 | $1,653,729 |
| Other liabilities | $15,618,168 |
| Total liabilities | $97,034,900 |
| Net assets without donor restrictions | $144,336,523 |
| Net assets with donor restrictions | $8,108,429 |
| 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 | $249,479,852 |