Hope International University
- Assets
- $36.3m
- Revenue
- $31.9m
- Investments
- $41.2k
- Employees
- 574
- Location
- Fullerton, CA
- Founding
- 02/1948
- Data as of
- 05/2023
- EIN
- 95-1916051
Organization Overview
Hope International University is located in Fullerton, CA. The organization was established in 1948. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Hope International University employed 574 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope International 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 05/2023, Hope International University generated $31.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $32.3m during the year ending 05/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING STUDENTS THROUGH CHRISTIAN HIGHER EDUCATION TO SERVE THE CHURCH AND WORLD FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE INTERNATIONAL UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY MAINTAINS A CLOSE AFFILIATION WITH INDEPENDENT NON-DENOMINATIONAL CHRISTIAN CHURCHES AND CHURCHES OF CHRIST. FOUNDED IN 1928, HIU HAS EXPANDED ITS EDUCATIONAL OFFERINGS TO INCLUDE DEGREE PROGRAMS THROUGH FIVE COLLEGES. IN THE FISCAL YEAR ENDED 5/31/23, HIU SERVED 1,442 UNDERGRADUATE AND GRADUATE STUDENTS IN DEGREE AND CERTIFICATE PROGRAMS PROVIDED BOTH ON-GROUND AND ONLINE THROUGH THE CAMPUS IN SOUTHERN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/ Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chairman | OfficerTrustee | 0.5 | $0 |
Name Not Listed Board Of Trustees Member | Trustee | 0.5 | $0 |
Name Not Listed Board Of Trustees Member | Trustee | 0.5 | $0 |
Name Not Listed Board Of Trustees Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Provider Contract Foodservice Inc On-campus Food Services | 5/30/23 | $1,583,147 |
Payne's Janitorial Services Inc Janitorial Services | 5/30/23 | $316,878 |
Direct Print & Promotion Promotional / Design Services | 5/30/23 | $249,930 |
Encoura Llc Enrollment Marketing / Management | 5/30/23 | $172,038 |
Golden State Athletic Conference Travel | 5/30/23 | $143,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $142,640 |
| Related organizations | $0 |
| Government grants | $3,509,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,240,510 |
| Noncash contributions included in lines 1a–1f | $4,473 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,892,632 |
| Total Program Service Revenue | $26,820,714 |
| Investment income | $325,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$81,749 |
| Net Gain/Loss on Asset Sales | $56,497 |
| Net Income from Fundraising Events | -$92,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,921,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,310,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $495,817 |
| Compensation of current officers, directors, key employees. | $204,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,695,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,195,286 |
| Payroll taxes | $703,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,284 |
| Fees for services: Accounting | $104,267 |
| Fees for services: Lobbying | $1,863 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,179 |
| Fees for services: Other | $2,123,208 |
| Advertising and promotion | $586,222 |
| Office expenses | $579,284 |
| Information technology | $254,595 |
| Royalties | $0 |
| Occupancy | $1,164,555 |
| Travel | $746,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,974 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,184,719 |
| Insurance | $195,800 |
| All other expenses | $419,996 |
| Total functional expenses | $32,287,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,580,987 |
| Savings and temporary cash investments | $218,596 |
| Pledges and grants receivable | $80,254 |
| Accounts receivable, net | $4,205,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,220 |
| Prepaid expenses and deferred charges | $181,975 |
| Net Land, buildings, and equipment | $12,901,928 |
| Investments—publicly traded securities | $5,646,191 |
| Investments—other securities | $41,233 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,356,366 |
| Total assets | $36,251,970 |
| Accounts payable and accrued expenses | $1,631,371 |
| Grants payable | $0 |
| Deferred revenue | $201,737 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,651,606 |
| Unsecured mortgages and notes payable | $26,219 |
| Other liabilities | $3,262,258 |
| Total liabilities | $23,773,191 |
| Net assets without donor restrictions | $2,778,651 |
| Net assets with donor restrictions | $9,700,128 |
| 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 | $36,251,970 |