University Of Hartford
- Assets
- $419.4m
- Revenue
- $278.7m
- Investments
- $66.4m
- Employees
- 3,864
- Location
- West Hartford, CT
- Founding
- 06/1957
- Data as of
- 06/2020
- EIN
- 06-0731360
Organization Overview
University Of Hartford is located in West Hartford, CT. The organization was established in 1957. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, University Of Hartford employed 3,864 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, University Of Hartford generated $278.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $279.7m during the year ending 06/2020. While expenses have increased by 1.4% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY PROVIDES A LEARNING ENVIRONMENT IN WHICH STUDENTS MAY TRANSFORM THEMSELVES, INTELLECTUALLY, PERSONALLY AND SOCIALLY. (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF HARTFORD IS AN INDEPENDENT, CO-EDUCATIONAL, NON-SECTARIAN INSTITUTION THAT CURRENTLY ENROLLS APPROXIMATELY 6,800 FULL AND PART-TIME STUDENTS THAT REPRESENT 47 US STATES AND 47 FOREIGN COUNTRIES. THE UNIVERSITY PROVIDES INSTRUCTION THROUGH SEVEN SCHOOLS, OFFERING 5 ASSOCIATE'S, 81 BACHELOR'S, 29 MASTER'S, 5 DOCTORATE'S, AS WELL AS SEVERAL UNDERGRADUATE AND GRADUATE CERTIFICATES AND DIPLOMAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Woodward President | OfficerTrustee | 40 | $529,988 |
Mary Ellen Gillespie Athletics Director | 40 | $438,488 | |
Amy Zeng Dean, Barney | Officer | 40 | $303,090 |
H Frederick Sweitzer Provost | Officer | 40 | $283,673 |
Molly Polk VP Marketing & Communications | Officer | 40 | $262,369 |
Walter Harrison Former President | 0 | $256,865 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Payette Associates Inc Construction Svcs | 6/29/20 | $3,141,098 |
Construction Services Of Somerset I Construction Svcs | 6/29/20 | $1,579,010 |
Ellucian Company Lp Digital Consults | 6/29/20 | $2,242,465 |
Aramark Food Support Services In Food & Facility Svs | 6/29/20 | $16,641,070 |
Capital Education Llc Education Svcs | 6/29/20 | $1,575,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $80,340 |
| Membership dues | $0 |
| Fundraising events | $892,949 |
| Related organizations | $0 |
| Government grants | $7,147,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,304,904 |
| Noncash contributions included in lines 1a–1f | $584,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,425,477 |
| Total Program Service Revenue | $254,124,429 |
| Investment income | $2,573,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$14,550 |
| Net Gain/Loss on Asset Sales | $1,986,707 |
| Net Income from Fundraising Events | -$153,282 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,735,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,689,664 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,622,452 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,513,270 |
| Compensation of current officers, directors, key employees. | $1,905,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,574,588 |
| Pension plan accruals and contributions | $4,197,696 |
| Other employee benefits | $12,442,118 |
| Payroll taxes | $6,098,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $577,027 |
| Fees for services: Accounting | $309,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,446 |
| Fees for services: Investment Management | $808,770 |
| Fees for services: Other | $7,654,303 |
| Advertising and promotion | $2,148,402 |
| Office expenses | $5,383,199 |
| Information technology | $4,985,825 |
| Royalties | $14,797 |
| Occupancy | $6,649,446 |
| Travel | $3,563,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $521,839 |
| Interest | $3,307,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,933,722 |
| Insurance | $2,145,851 |
| All other expenses | $2,207,047 |
| Total functional expenses | $279,690,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,590,223 |
| Savings and temporary cash investments | $65,464,692 |
| Pledges and grants receivable | $7,800,097 |
| Accounts receivable, net | $9,014,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,618,221 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,188,656 |
| Net Land, buildings, and equipment | $142,665,857 |
| Investments—publicly traded securities | $95,852,905 |
| Investments—other securities | $66,418,745 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,792,577 |
| Total assets | $419,406,133 |
| Accounts payable and accrued expenses | $23,852,081 |
| Grants payable | $0 |
| Deferred revenue | $20,685,503 |
| Tax-exempt bond liabilities | $144,214,945 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $740 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,630,819 |
| Total liabilities | $210,384,088 |
| Net assets without donor restrictions | $43,087,999 |
| Net assets with donor restrictions | $165,934,046 |
| 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 | $419,406,133 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that University Of Hartford has recieved totaling $336,816.
| Awarding Organization | Amount |
|---|---|
Grant Foundation Fort Lauderdale, FL PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S CHARITABLE OBJECTIVES/ RESEARCH/ BENEFITTING THOSE IN NEED | $200,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,380 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $15,500 |
Elizabeth M Landon And Harriette M Landon Charitable Foundation Hartford, CT PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
Chester Kitchings Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $15,000 |
Adolph R Czepiel Memorial Fund Southington, CT PURPOSE: TO PROVIDE TUITION ASSISTANCE. | $12,361 |
Endowment Analysis
| Beg. Balance | $182,811,990 |
| Earnings | -$1,358,877 |
| Net Contributions | $1,422,818 |
| Other Expense | $6,820,580 |
| Ending Balance | $176,055,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,146,125,008 | $936,054,028 |
Rochester Institute Of Technology Rochester, NY | $2,165,976,339 | $849,584,640 |
St Johns University New York Jamaica, NY | $1,490,909,375 | $810,687,746 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,235,224,804 | $592,927,157 |
Rockefeller University New York, NY | $3,879,645,094 | $455,447,251 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Brandeis University Waltham, MA | $1,638,021,472 | $457,392,877 |
Quinnipiac University Hamden, CT | $1,589,887,299 | $499,698,237 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Long Island University Brookville, NY | $751,317,388 | $425,246,385 |