Cairn University
- Assets
- $53.4m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 747
- Location
- Langhorne, PA
- Founding
- 03/1952
- Data as of
- 06/2021
- EIN
- 23-0973290
Organization Overview
Cairn University is located in Langhorne, PA. The organization was established in 1952. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Cairn University employed 747 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cairn 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 06/2021, Cairn University generated $37.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $32.4m during the year ending 06/2021. While expenses have increased by 2.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BIBLICALLY-INTEGRATED HIGHER EDUCATION TO STUDENTS IN ACADEMIC PROGRAMS IN BIBLE, EDUCATION, MUSIC, SOCIAL WORK, BUSINESS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF STUDENTS IN THE SIX DIFFERENT SCHOOLS/DEPARTMENTS OFFERED AT CAIRN UNIVERSITY. THE 6 SCHOOLS ARE: THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, THE SCHOOL OF DIVINITY, THE SCHOOL OF MUSIC, THE SCHOOL OF LIBERAL ARTS & SCIENCES AND THE SCHOOL OF SOCIAL WORK.
OPERATING STUDENT HOUSING FACILITIES INCLUDING MANOR RESIDENCE HALLS AND HERITAGE HALL, AS WELL AS THE FURMAN DINING COMMONS AND THE CAFE. TOGETHER THESE FACILITIES PROVIDE ROOM AND BOARD FOR THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drtodd J Williams President | OfficerTrustee | 45 | $171,058 |
Paul Tneal Sr. V.p., Advancement & Co | 40 | $134,388 | |
Jason Vanbilliard Sr. V.P. And Provost | 40 | $120,381 | |
Yunn Kang Senior VP , Finance | 40 | $117,375 | |
Scott Cawood Sr. VP For Student Affairs | 40 | $114,176 | |
Betty Jane Hess Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Inc Food Service | 6/29/21 | $1,143,886 |
Ebsco Information Services Books & Periodicals | 6/29/21 | $215,988 |
Worthington Davis Associates Construction | 6/29/21 | $1,001,721 |
The Philadelphia Cricket Club Facilities | 6/29/21 | $120,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $173,691 |
| Related organizations | $0 |
| Government grants | $1,798,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,603,469 |
| Noncash contributions included in lines 1a–1f | $262,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,575,443 |
| Total Program Service Revenue | $28,884,412 |
| Investment income | $381,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,799 |
| Net Gain/Loss on Asset Sales | $947,347 |
| Net Income from Fundraising Events | -$176,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,996,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,438,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,733 |
| Compensation of current officers, directors, key employees. | $16,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,777,160 |
| Pension plan accruals and contributions | $193,523 |
| Other employee benefits | $2,243,047 |
| Payroll taxes | $720,226 |
| Fees for services: Management | $224,708 |
| Fees for services: Legal | $32,282 |
| Fees for services: Accounting | $45,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,467 |
| Office expenses | $545,029 |
| Information technology | $609,992 |
| Royalties | $0 |
| Occupancy | $1,149,828 |
| Travel | $223,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $346,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,656,340 |
| Insurance | $242,000 |
| All other expenses | $0 |
| Total functional expenses | $32,433,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,361,994 |
| Savings and temporary cash investments | $3,287,028 |
| Pledges and grants receivable | $883,527 |
| Accounts receivable, net | $973,869 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $215,124 |
| Net Land, buildings, and equipment | $24,051,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,596,203 |
| Total assets | $53,369,669 |
| Accounts payable and accrued expenses | $1,371,352 |
| Grants payable | $0 |
| Deferred revenue | $3,530,677 |
| 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 | $8,883,678 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,197,473 |
| Total liabilities | $14,983,180 |
| Net assets without donor restrictions | $20,056,772 |
| Net assets with donor restrictions | $18,329,717 |
| 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 | $53,369,669 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Cairn University has recieved totaling $1,309,556.
| Awarding Organization | Amount |
|---|---|
Doll Family Foundation Princeton, NJ PURPOSE: UNRESTRICTED | $1,050,000 |
Charles Koch Foundation Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $53,000 |
The Josetta Fund Boston, MA PURPOSE: RELIGIOUS AND SPIRITUAL UNIVERSITY | $30,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Chatlos Foundation Inc New York, NY PURPOSE: FOR THE CAIRN FUND THAT PROVIDES NEED-BASED STUDENT SCHOLARSHIPS | $20,000 |
Endowment Analysis
| Beg. Balance | $10,819,635 |
| Earnings | $3,211,041 |
| Net Contributions | $2,115,800 |
| Other Expense | $599,196 |
| Ending Balance | $15,547,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |