University Of Hartford
- Assets
- $471.5m
- Revenue
- $291.9m
- Investments
- $84.2m
- Employees
- 3,202
- Location
- West Hartford, CT
- Founding
- 06/1957
- Data as of
- 06/2021
- 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 06/2021, University Of Hartford employed 3,202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Hartford 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, University Of Hartford generated $291.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $282.2m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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.
Describe the Organization's Program Activity:
THE UNIVERSITY OF HARTFORD IS AN INDEPENDENT, CO-EDUCATIONAL, NON-SECTARIAN INSTITUTION THAT CURRENTLY ENROLLS APPROXIMATELY 6,500 FULL AND PART-TIME STUDENTS THAT REPRESENT 49 US STATES AND 44 FOREIGN COUNTRIES. THE UNIVERSITY PROVIDES INSTRUCTION THROUGH SEVEN SCHOOLS, OFFERING 7 ASSOCIATE'S, 91 BACHELOR'S, 42 MASTER'S, 6 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 | $526,956 |
Maria Feeley VP Gen Counsel & Secretary | Officer | 40 | $301,925 |
Molly Polk VP Marketing & Enrollment | Officer | 40 | $279,965 |
H Frederick Sweitzer Provost | Officer | 40 | $275,916 |
Laura Whitney VP Finance | Officer | 40 | $261,928 |
John Gallagher Men's Basketball Coach | 40 | $246,530 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whiting-turner Contracting Company Construction | 6/29/21 | $21,903,982 |
Aramark Food & Support Services Inc Dining | 6/29/21 | $16,920,298 |
Hartford Hospital Health | 6/29/21 | $1,603,473 |
Ellucian Support Inc It | 6/29/21 | $1,589,755 |
Capital Education Llc Education | 6/29/21 | $2,017,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $138,272 |
| Membership dues | $0 |
| Fundraising events | $511,937 |
| Related organizations | $0 |
| Government grants | $13,975,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,875,749 |
| Noncash contributions included in lines 1a–1f | $308,178 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,501,520 |
| Total Program Service Revenue | $243,776,160 |
| Investment income | $4,063,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,500 |
| Net Gain/Loss on Asset Sales | $12,817,515 |
| Net Income from Fundraising Events | -$88,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,863,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,713,011 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,993,382 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,827,051 |
| Compensation of current officers, directors, key employees. | $2,256,126 |
| Compensation to disqualified persons | $102,157 |
| Other salaries and wages | $75,877,280 |
| Pension plan accruals and contributions | $2,613,978 |
| Other employee benefits | $14,770,715 |
| Payroll taxes | $5,918,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $591,905 |
| Fees for services: Accounting | $228,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,967 |
| Fees for services: Investment Management | $771,832 |
| Fees for services: Other | $12,577,015 |
| Advertising and promotion | $1,729,878 |
| Office expenses | $4,751,252 |
| Information technology | $5,080,602 |
| Royalties | $0 |
| Occupancy | $8,234,824 |
| Travel | $2,082,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $616,773 |
| Interest | $3,431,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,804,097 |
| Insurance | $2,001,131 |
| All other expenses | $3,907,470 |
| Total functional expenses | $282,197,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,350,664 |
| Savings and temporary cash investments | $38,499,037 |
| Pledges and grants receivable | $9,359,237 |
| Accounts receivable, net | $9,452,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,050,370 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,993,655 |
| Net Land, buildings, and equipment | $164,976,373 |
| Investments—publicly traded securities | $124,628,608 |
| Investments—other securities | $84,202,203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,013,179 |
| Total assets | $471,525,353 |
| Accounts payable and accrued expenses | $31,790,114 |
| Grants payable | $0 |
| Deferred revenue | $12,653,593 |
| Tax-exempt bond liabilities | $143,419,341 |
| 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 | $16,228,537 |
| Total liabilities | $204,091,585 |
| Net assets without donor restrictions | $48,716,252 |
| Net assets with donor restrictions | $218,717,516 |
| 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 | $471,525,353 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Of Hartford has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Barnabas Foundation Inc Tariffville, CT PURPOSE: FOR EDUCATIONAL PURPOSES | $2,000 |
Bard Family Foundation Baltimore, MD PURPOSE: MECH ENGINEERING FUND | $2,000 |
Micawber Foundation Inc Midlothian, VA PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $176,055,351 |
| Earnings | $59,788,754 |
| Net Contributions | $4,260,968 |
| Other Expense | $7,366,749 |
| Ending Balance | $232,738,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |