California Baptist University
- Assets
- $619.4m
- Revenue
- $454.6m
- Investments
- $119.1m
- Employees
- 3,704
- Location
- Riverside, CA
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 95-1890710
Organization Overview
California Baptist University is located in Riverside, CA. The organization was established in 1969. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, California Baptist University employed 3,704 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Baptist 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, California Baptist University generated $454.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $410.1m during the year ending 06/2022. While expenses have increased by 7.5% 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
A PRIVATE INSTITUTION OF HIGHER EDUCATION, OFFERING BOTH UNDERGRADUATE AND GRADUATE COURSES TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALIFORNIA BAPTIST UNIVERSITY BELIEVES EACH PERSON HAS BEEN CREATED FOR A PURPOSE AND STRIVES TO HELP STUDENTS UNDERSTAND AND ENGAGE THIS PURPOSE BY PROVIDING A CHRIST-CENTERED EDUCATIONAL EXPERIENCE THAT INTEGRATES ACADEMIC WITH SPIRITUAL AND SOCIAL DEVELOPMENT OPPORTUNITIES. THE UNIVERSITY CONSISTS OF TEN SCHOOLS AND COLLEGES AND A DIVISION OF ONLINE AND PROFESSIONAL STUDIES, SERVING A TOTAL OF 11,491 STUDENTS. CBU OFFERS OVER 100 UNDERGRADUATE BACHELOR DEGREE PROGRAMS, 2 UNDERGRADUATE ASSOCIATE DEGREE PROGRAMS, 40 GRADUATE-LEVEL MASTER PROGRAMS AND 7 DOCTORAL PROGRAMS.
CBU OFFERS A MULTITUDE OF SCHOLARSHIP AND GRANT OPPORTUNITIES TO MAKE THE COST OF ATTENDANCE MORE AFFORDABLE. THIS INCLUDES INSTITUTIONAL AND PRIVATE SCHOLARSHIPS, FROM FUNDS WITH AND WITHOUT DONOR RESTRICTIONS, IN THE FORM OF GRANTS THAT MAY BE BASED ON MERIT, PERFORMANCE, NEED, OR SOME OTHER SPECIFIC CRITERIA.
CBU SEEKS TO AID THE STUDENT BODY WITH EMOTIONAL AND PHYSICAL WELL-BEING AND PROVIDES INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES INCLUDE ADMISSIONS, CAREER GUIDANCE, COUNSELING, CULTURAL EVENTS, DISABILITY SERVICES, INTERCOLLEGIATE ATHLETICS, NEW STUDENT PROGRAMS, RECREATION SPORTS, SAFETY SERVICES, SPIRITUAL LIFE, STUDENT ACTIVITIES, STUDENT AID ADMINISTRATION, STUDENT HEALTH SERVICE, STUDENT LEADERSHIP AND STUDENT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Dockery Chair | OfficerTrustee | 1 | $0 |
Walter Price Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Avera Secretary | OfficerTrustee | 1 | $0 |
Tammy Brown Trustee | Trustee | 1 | $0 |
David Gill Trustee | Trustee | 1 | $0 |
Sheri Harder Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cloudcontrolmedia Llc Digital Marketing | 6/29/22 | $3,913,477 |
Encore One Janitorial Services | 6/29/22 | $2,717,360 |
Ascend Learning Holdings Llc Testing Services | 6/29/22 | $312,544 |
Gresham Savage Nolan& Tilden Legal Services | 6/29/22 | $268,058 |
Lamar Texas Limited Partnership Advertising Services | 6/29/22 | $209,448 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,711,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,709,472 |
| Noncash contributions included in lines 1a–1f | $155,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,421,136 |
| Total Program Service Revenue | $357,495,371 |
| Investment income | $2,180,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68,856 |
| Net Rental Income | $113,222 |
| Net Gain/Loss on Asset Sales | $2,493,651 |
| Net Income from Fundraising Events | $126,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,581,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $166,187,996 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,955,161 |
| Compensation of current officers, directors, key employees. | $1,603,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,868,762 |
| Pension plan accruals and contributions | $10,977,305 |
| Other employee benefits | $5,923,712 |
| Payroll taxes | $6,786,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,587 |
| Fees for services: Other | $21,416,630 |
| Advertising and promotion | $6,843,792 |
| Office expenses | $8,979,966 |
| Information technology | $9,374,396 |
| Royalties | $0 |
| Occupancy | $7,776,332 |
| Travel | $4,539,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,529,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,012,894 |
| Insurance | $3,426,641 |
| All other expenses | $0 |
| Total functional expenses | $410,142,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,849,569 |
| Savings and temporary cash investments | $63,172,030 |
| Pledges and grants receivable | $721,127 |
| Accounts receivable, net | $19,367,711 |
| Loans from Officers, Directors, or Controlling Persons | $86,806 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,665,278 |
| Inventories for sale or use | $998,270 |
| Prepaid expenses and deferred charges | $6,373,673 |
| Net Land, buildings, and equipment | $370,071,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $119,091,748 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $619,397,515 |
| Accounts payable and accrued expenses | $16,165,537 |
| Grants payable | $0 |
| Deferred revenue | $18,580,384 |
| Tax-exempt bond liabilities | $286,764,077 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,540,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,816,190 |
| Total liabilities | $346,866,663 |
| Net assets without donor restrictions | $187,100,479 |
| Net assets with donor restrictions | $85,430,373 |
| 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 | $619,397,515 |