Denison University
- Assets
- $1.5b
- Revenue
- $275.9m
- Investments
- $455.0m
- Employees
- 2,472
- Location
- Granville, OH
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 31-4379459
Organization Overview
Denison University is located in Granville, OH. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Denison University employed 2,472 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denison 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 06/2022, Denison University generated $275.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $224.3m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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.
Since 2020, Denison University has awarded 42 individual grants totaling $1,101,164. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH AN EMPHASIS ON ACTIVE LEARNING, DENISON UNIVERSITY ENGAGES STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND THE TRANSFORMATIVE POWER OF EDUCATION.
Describe the Organization's Program Activity:
OUR PURPOSE IS TO INSPIRE AND EDUCATE OUR STUDENTS TO BECOME AUTONOMOUS THINKERS, DISCERNING MORAL AGENTS AND ACTIVE CITIZENS OF A DEMOCRATIC SOCIETY. THROUGH AN EMPHASIS ON ACTIVE LEARNING, WE ENGAGE STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND DEMONSTRATES THE TRANSFORMATIVE POWER OF EDUCATION. WE PROVIDE UNDERGRADUATE PROGRAMS OF INSTRUCTION TO APPROXIMATELY 2,400 STUDENTS. STUDENTS ARE OFFERED MORE THAN 50 MAJORS, CONCENTRATIONS AND PROGRAMS OF STUDY. SCHOLARSHIPS AND GRANTS ARE PROVIDED BASED ON MERIT AND ECONOMIC NEED. WE ALSO PROVIDE SERVICES TO STUDENTS INCLUDING COUNSELING AND PROGRAMS IN THE AREAS OF ADMISSIONS, STUDENT AID, STUDENT EMPLOYMENT, STUDENT ACTIVITIES, REGISTRATION, AND STUDENT LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen R Browne Chief Investment Officer | Officer | 40 | $960,961 |
Adam S Weinberg President | Officer | 40 | $883,699 |
Gregory R Bader VP Instiutional Advancemen | Officer | 40 | $342,067 |
David A English VP Finance & Mgmt | Officer | 40 | $313,636 |
Alexandra T Schimmer Secretary&general Counsel | Officer | 40 | $308,667 |
Kimberly A Coplin Provost | Officer | 40 | $281,945 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Co Food Svc. Management | 6/29/22 | $8,245,790 |
Robertson Construction Services Inc Construction Mgmt. | 6/29/22 | $3,068,377 |
Corna Kokosing Construction Co Construction Mgmt. | 6/29/22 | $2,555,315 |
Barton Malow Builders Construction Mgmt. | 6/29/22 | $11,496,306 |
Speer Mechanical Design & Maintenance Services | 6/29/22 | $1,668,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,899 |
| Government grants | $4,052,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,985,708 |
| Noncash contributions included in lines 1a–1f | $4,390,786 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,119,020 |
| Total Program Service Revenue | $166,248,786 |
| Investment income | $5,588,793 |
| Tax Exempt Bond Proceeds | $449,931 |
| Royalties | $0 |
| Net Rental Income | $4,000 |
| Net Gain/Loss on Asset Sales | $77,788,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,909,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $415,815 |
| Grants and other assistance to domestic individuals. | $71,573,012 |
| Grants and other assistance to Foreign Orgs/Individuals | $403,852 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,830,636 |
| Compensation of current officers, directors, key employees. | $3,025,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,341,746 |
| Pension plan accruals and contributions | $4,578,386 |
| Other employee benefits | $13,609,688 |
| Payroll taxes | $4,353,155 |
| Fees for services: Management | $12,265,639 |
| Fees for services: Legal | $489,041 |
| Fees for services: Accounting | $71,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,113,561 |
| Fees for services: Other | $4,653,996 |
| Advertising and promotion | $434,729 |
| Office expenses | $1,961,561 |
| Information technology | $3,592,197 |
| Royalties | $0 |
| Occupancy | $6,995,009 |
| Travel | $2,601,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,738,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,067,028 |
| Insurance | $373,062 |
| All other expenses | $3,889,022 |
| Total functional expenses | $224,280,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,840 |
| Savings and temporary cash investments | $20,304,012 |
| Pledges and grants receivable | $20,066,529 |
| Accounts receivable, net | $866,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $548,817 |
| Prepaid expenses and deferred charges | $1,001,061 |
| Net Land, buildings, and equipment | $347,640,248 |
| Investments—publicly traded securities | $639,708,376 |
| Investments—other securities | $455,048,694 |
| Investments—program-related | $3,534,076 |
| Intangible assets | $0 |
| Other assets | $14,121,531 |
| Total assets | $1,502,847,785 |
| Accounts payable and accrued expenses | $28,670,957 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $182,907,847 |
| 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 | $3,000,000 |
| Other liabilities | $17,155,553 |
| Total liabilities | $231,734,357 |
| Net assets without donor restrictions | $566,762,353 |
| Net assets with donor restrictions | $704,351,075 |
| 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 | $1,502,847,785 |
Grants Awarded
Over the last fiscal year, Denison University has awarded $392,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GRANVILLE TOWNSHIP BOARD OF TRUSTEES PURPOSE: ANNUAL FIRE DEPARTMENT ASSISTANCE | $200,000 |
Columbus, OH PURPOSE: COMMUNITY SPONSORSHIP | $50,000 |
Columbus, OH PURPOSE: COLLABORATIVE PARTNERSHIP SPONSORSHIP | $30,000 |
Newark, OH PURPOSE: 2021 IT'S SHOWTIME CAMPAIGN | $25,000 |
Columbus, OH PURPOSE: CORPORATE SPONSORSHIP | $15,000 |
GRANVILLE EXEMPTED VILLAGE SCHOOL D PURPOSE: COMMUNITY SPONSORSHIP | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Denison University has recieved totaling $800,500.
| Awarding Organization | Amount |
|---|---|
Hastings Family Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $775,000 |
Gullquist-Mullin Family Foundation Vero Beach, FL PURPOSE: UNRESTRICTED | $10,000 |
Koonce Foundation Inc Naples, FL PURPOSE: GENERAL PURPOSES | $7,000 |
Jjk Foundation Herndon, VA PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Fredric Fenstermacher Foundation Inc Ft Lauderdale, FL PURPOSE: UNRESTRICTED SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,211,430,394 |
| Earnings | -$153,236,983 |
| Net Contributions | $21,992,436 |
| Other Expense | $33,315,161 |
| Grants | $13,225,481 |
| Ending Balance | $1,033,645,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Franklin & Marshall College Lancaster, PA | $899,256,737 | $209,519,207 |
Dickinson College Carlisle, PA | $727,423,592 | $183,897,570 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Bryn Mawr College Bryn Mawr, PA | $1,564,567,339 | $239,161,459 |