Capital University
- Assets
- $268.7m
- Revenue
- $130.4m
- Investments
- $111.4m
- Employees
- 1,678
- Location
- Columbus, OH
- Founding
- 06/1971
- Data as of
- 06/2020
- EIN
- 31-4379435
Organization Overview
Capital University is located in Columbus, OH. The organization was established in 1971. 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, Capital University employed 1,678 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital 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 06/2020, Capital University generated $130.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $134.8m during the year ending 06/2020. While expenses have increased by 1.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORMING LIVES FOR A BRIGHTER WORLD. WITH A VISION OF: PURPOSEFUL PEOPLE; COURAGEOUS COMMUNITY; HOPEFUL HUMANITY. VALUING FREE INQUIRY, ETHICAL STEWARDSHIP, CHALLENGING BOUNDARIES, AUTHENTIC CONTRIBUTIONS, OPEN COMMUNITY, AND EMBRACING HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL UNIVERSITY PROVIDES ACADEMIC OPPORTUNITIES TO 2,200 UNDERGRADUATE AND 700 GRADUATE AND PROFESSIONAL STUDENTS. THE UNIVERSITY OFFERS FOUR UNDERGRADUATE DEGREES WITH MORE THAN 70 MAJORS, AND SEVEN GRADUATE DEGREES IN LAW, TAXATION, BUSINESS, NURSING, MUSIC AND EDUCATION TAUGHT BY APPROXIMATELY 160 FULL-TIME GRADUATE AND UNDERGRADUATE FACULTY. MORE THAN 2200 UNDERGRADUATE AND 400 GRADUATE STUDENTS RECEIVE INSTITUTIONAL FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS. SINCE CAPITAL IS IN A METROPOLITAN SETTING IN THE COLUMBUS SURBURB OF BEXLEY, STUDENTS ENJOY MANY ACADEMIC, CULTURAL, RECREATIONAL AND SOCIAL ACTIVITIES. IN ADDITION TO THE GRADUATE PROGRAMS HOUSED ON THE MAIN CAMPUS IN BEXLEY, THE CAPITAL UNIVERSITY LAW SCHOOL IS LOCATED IN DOWNTOWN COLUMBUS PROVIDING STUDENTS THE PROSPECT OF ENHANCING THEIR EDUCATION THROUGH INTERNSHIPS AND OPPORTUNITIES WITH FEDERAL, STATE, AND COUNTY AGENCIES AND WITH LAW FIRMS IN OHIO'S CAPITAL CITY. THE ACADEMIC EXPERIENCE AT CAPITAL INCLUDES A RICH VARIETY OF INTERNSHIPS AND EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN COOPERATION WITH NATIONAL CORPORATIONS, HEALTH AND OTHER NON-PROFIT AGENCIES AND GOVERNMENTAL OFFICES.
AUXILIARY ENTERPRISE OPERATIONS PRIMARILY FURNISH GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF. IT IS MANAGED AS A SELF-SUPPORTING ACTIVITY AND CONSIST PRIMARILY DINING AND HOUSING SERVICES.
OTHER CONSISTS OF MISCELLANEOUS FEES AND PROGRAM REVENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Paul President(through 6/30/20) | OfficerTrustee | 50 | $600,905 |
William Mea CFO | Officer | 50 | $223,578 |
Jack Guttenberg Faculty | 50 | $208,988 | |
Denvy Bowman Former President | 50 | $208,643 | |
Jeffrey Ferriell Faculty | 50 | $205,804 | |
Tina Guegold VP Marketing & Communication | Officer | 50 | $205,549 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Dining Services | 6/29/21 | $2,790,746 |
Terik Roofing Construction Services | 6/29/21 | $1,168,985 |
Atalian Global Services Housekeeping Services | 6/29/21 | $847,790 |
Wff Facility Services Housekeeping Services | 6/29/21 | $641,530 |
Speer Mechanical Building Maintenance Services | 6/29/21 | $519,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,822,821 |
| Investment income | $345,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,458 |
| Net Gain/Loss on Asset Sales | $2,619,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,364,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $57,600,173 |
| Grants and other assistance to Foreign Orgs/Individuals | $156,613 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,799,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,726,222 |
| Pension plan accruals and contributions | $2,361,640 |
| Other employee benefits | $6,971,519 |
| Payroll taxes | $2,314,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,673 |
| Fees for services: Accounting | $62,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $421,879 |
| Fees for services: Other | $5,070,658 |
| Advertising and promotion | $1,073,852 |
| Office expenses | $2,171,358 |
| Information technology | $1,800,402 |
| Royalties | $0 |
| Occupancy | $6,659,620 |
| Travel | $1,013,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,282,365 |
| Interest | $777,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,691,240 |
| Insurance | $412,756 |
| All other expenses | $0 |
| Total functional expenses | $134,815,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,815,562 |
| Pledges and grants receivable | $1,366,762 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,929,775 |
| Inventories for sale or use | $58,546 |
| Prepaid expenses and deferred charges | $1,168,446 |
| Investments—publicly traded securities | $7,306,338 |
| Investments—other securities | $111,370,999 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,726,628 |
| Total assets | $268,714,019 |
| Accounts payable and accrued expenses | $9,087,466 |
| Grants payable | $0 |
| Deferred revenue | $3,592,650 |
| Tax-exempt bond liabilities | $27,531,374 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,173,467 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,926,796 |
| Total liabilities | $47,311,753 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $221,402,266 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Capital University has recieved totaling $81,070.
| Awarding Organization | Amount |
|---|---|
Esther M Siefert Tr 1991 Pittsburgh, PA PURPOSE: GENERAL | $78,070 |
F W Albrecht Family Foundation Akron, OH PURPOSE: SCHOLARSHIP | $3,000 |
Endowment Analysis
| Beg. Balance | $107,449,057 |
| Earnings | $30,453,746 |
| Net Contributions | $3,825,003 |
| Other Expense | $2,414,598 |
| Grants | $2,386,310 |
| Ending Balance | $136,926,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
Duquesne University Of The Holy Spirit Pittsburgh, PA | $869,263,663 | $434,180,406 |
Bucknell University Lewisburg, PA | $1,702,706,536 | $331,765,475 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Xavier University Cincinnati, OH | $682,170,280 | $308,233,290 |
University Of Scranton Scranton, PA | $640,906,842 | $255,085,812 |
Widener University Chester, PA | $372,673,637 | $243,095,055 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Calvin University Grand Rapids, MI | $488,669,511 | $185,893,983 |