Eastern Nazarene College
- Assets
- $46.2m
- Revenue
- $30.8m
- Investments
- $20.4m
- Employees
- 576
- Location
- Quincy, MA
- Founding
- 11/1946
- Data as of
- 06/2021
- EIN
- 04-2105777
Organization Overview
Eastern Nazarene College is located in Quincy, MA. The organization was established in 1946. 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, Eastern Nazarene College employed 576 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Nazarene College 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, Eastern Nazarene College generated $30.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $28.3m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE GRANTS BACHELOR AND MASTER DEGREES TO QUALIFIED CANDIDATES UPON SATISFACTORY COMPLETION OF THEIR PROGRAM REQUIREMENTS. TO ACCOMPLISH THIS PURPOSE, THE COLLEGE ENROLLED 1,300 FULL AND PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS, WITH A VAST MAJORITY OF THESE STUDENTS LIVING IN CAMPUS HOUSING. THE COLLEGE OPERATES A BOOKSTORE AND CAFETERIA FOR THE PRIMARY USE OF THE STUDENTS, FACULTY, AND STAFF. THE COLLEGE OPERATES HOUSING FACILITIES FOR STUDENTS, FACULTY, AND STAFF TO MEET THE EXISTING NEEDS FOR SUCH FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Connell President | 40 | $185,832 | |
Robert Murphy Assistant Professor Of Business | 40 | $119,231 | |
Rev Leon Blaise Trustee | Trustee | 0.6 | $0 |
Rev Dr David Bowser Trustee | Trustee | 0.6 | $0 |
Rev Dan Eddings Trustee | Trustee | 0.6 | $0 |
Rev Dr Phil Fuller Trustee | Trustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Inc Food Service | 6/29/21 | $824,652 |
Infr-red Bldg & Power Service Utility/excavation Services | 6/29/21 | $187,303 |
Slingshottree Of Life Data System Support | 6/29/21 | $442,956 |
Ssc Inc Security | 6/29/21 | $233,048 |
Performance Solutions Consulting Marketing Support | 6/29/21 | $226,689 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,626,910 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,513,065 |
| Noncash contributions included in lines 1a–1f | $38,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,139,975 |
| Total Program Service Revenue | $20,985,612 |
| Investment income | $88,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $268,395 |
| Net Gain/Loss on Asset Sales | $197,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,647 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,810,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,701,023 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,605,820 |
| Pension plan accruals and contributions | $2,868 |
| Other employee benefits | $1,535,947 |
| Payroll taxes | $582,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,109 |
| Fees for services: Accounting | $87,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,677 |
| Fees for services: Other | $2,077,662 |
| Advertising and promotion | $836,981 |
| Office expenses | $1,931,984 |
| Information technology | $214,991 |
| Royalties | $0 |
| Occupancy | $710,448 |
| Travel | $106,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,719 |
| Interest | $557,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,387,206 |
| Insurance | $380,168 |
| All other expenses | $0 |
| Total functional expenses | $28,297,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,628,056 |
| Savings and temporary cash investments | $925,848 |
| Pledges and grants receivable | $74,681 |
| Accounts receivable, net | $4,540,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $318,822 |
| Inventories for sale or use | $38,213 |
| Prepaid expenses and deferred charges | $351,358 |
| Net Land, buildings, and equipment | $15,578,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,449,304 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,602 |
| Total assets | $46,152,111 |
| Accounts payable and accrued expenses | $3,491,133 |
| Grants payable | $387,168 |
| Deferred revenue | $762,710 |
| Tax-exempt bond liabilities | $14,736,338 |
| 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 | $2,000,000 |
| Total liabilities | $21,377,349 |
| Net assets without donor restrictions | $5,540,343 |
| Net assets with donor restrictions | $19,234,419 |
| 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 | $46,152,111 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Eastern Nazarene College has recieved totaling $190,693.
| Awarding Organization | Amount |
|---|---|
Grimshaw Gudewicz Charitable Foundation Fall River, MA PURPOSE: SCHOLARSHIPS | $67,500 |
The V Eugene And Rosalie Defreitas Charitable Foundation Boston, MA PURPOSE: RELIGIOUS | $50,000 |
Fanny B Reed Tr Uw - Mhg Pittsburgh, PA PURPOSE: GENERAL OPERATING | $44,895 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,304 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $1,250 |
Endowment Analysis
| Beg. Balance | $18,753,406 |
| Earnings | $4,138,524 |
| Admin Expense | $1,891,832 |
| Net Contributions | $283,820 |
| Other Expense | $74,226 |
| Grants | $1,778,174 |
| Ending Balance | $19,431,518 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salve Regina University Newport, RI | $216,016,613 | $125,875,129 |
Wagner College Staten Island, NY | $223,315,881 | $116,300,889 |
Canisius College Buffalo, NY | $289,486,779 | $104,179,636 |
Lesley University Cambridge, MA | $459,682,175 | $126,944,351 |
Alfred University Alfred, NY | $321,880,003 | $125,818,572 |
Saint Michaels College Colchester, VT | $214,854,575 | $111,425,492 |
Emmanuel College Boston, MA | $475,098,162 | $117,188,309 |
St Bonaventure University Business Office - Hopkins Hall St Bonaventure, NY | $195,397,858 | $107,496,250 |
Dyouville College Buffalo, NY | $237,922,794 | $97,566,880 |
University Of Saint Joseph West Hartford, CT | $138,052,246 | $93,452,182 |
Mount Saint Mary College Newburgh, NY | $218,302,494 | $87,358,285 |
American International College Springfield, MA | $97,977,130 | $85,156,875 |