Otterbein University
- Assets
- $237.0m
- Revenue
- $106.5m
- Investments
- $12.2m
- Employees
- 1,556
- Location
- Westerville, OH
- Founding
- 12/1945
- Data as of
- 06/2020
- EIN
- 31-4379532
Organization Overview
Otterbein University is located in Westerville, OH. The organization was established in 1945. 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, Otterbein University employed 1,556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otterbein 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, Otterbein University generated $106.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $107.1m during the year ending 06/2020. While expenses have increased by 1.5% 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
OTTERBEIN UNIVERSITY IS A PRIVATE, CHURCH-RELATED, COEDUCATIONAL UNIVERSITY THAT SPONSORS TRADITIONAL AND CONTINUING EDUCATION PROGRAMS OF LIBERAL ARTS AND PROFESSIONAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTTERBEIN UNIVERSITY'S COMMITMENT IS TO THE LIBERAL ARTS AS THE BASE OF ALL LEARNING. THREE FEATURES CREATE A DISTINCTIVE LEARNING CULTURE: 1) FROM OUR FOUNDING OTTERBEIN HAS BEEN INTENTIONALLY INCLUSIVE OF WOMEN AND PERSONS OF COLOR; 2) OTTERBEIN'S GOVERNANCE SYSTEM INCLUDES STUDENTS AND FACULTY IN DECISION-MAKING THROUGH A SINGLE COLLEGE SENATE; AND 3) INTERDISCIPLINARY EXPERIENCES THROUGH INTEGRATIVE STUDIES (STUDY OF WORLD CULTURE TO UNDERSTAND HUMAN NATURE AND OUR PLACE IN THE UNIVERSE) AND THE SENIOR YEAR EXPERIENCE (CONNECTING MAJORS TO AN INTERDISCIPLINARY EXPERIENCE). THE AUTUMN TERM ENROLLMENT FOR 2020-2021 WAS 2,652, CONSISTING OF 2,313 UNDERGRADUATE STUDENTS AND 339 GRADUATE STUDENTS. 540 STUDENTS RECEIVED BACHELORS DEGREES, 130 RECEIVED MASTERS DEGREES AND 5 RECEIVED DOCTORAL DEGREES IN 2020-2021. THE UNIVERSITY BELIEVES THAT LIVING ON CAMPUS SUPPORTS THE MISSION OF EDUCATING THE WHOLE PERSON BY PROVIDING STUDENTS WITH OPPORTUNITIES TO BUILD RELATIONSHIPS WITH PEOPLE FROM DIVERSE BACKGROUNDS AND TO ACTIVELY PARTICIPATE IN CAMPUS LIFE. (CONTINUED IN SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wff Campus Janitorial Service | 6/29/21 | $495,083 |
Ellucian Software Hosting Services | 6/29/21 | $403,892 |
Eat' N Park Hospitality Group Campus Dining Service | 6/29/21 | $5,807,911 |
Coveware Contracted Service | 6/29/21 | $319,970 |
Atalian Campus Janitorial Service | 6/29/21 | $682,362 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,473,619 |
| Investment income | $2,432,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,834 |
| Net Rental Income | $468,763 |
| Net Gain/Loss on Asset Sales | $2,875,129 |
| Net Income from Fundraising Events | $5,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,500,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $40,605,376 |
| Grants and other assistance to Foreign Orgs/Individuals | $65,444 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,122,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,944,784 |
| Pension plan accruals and contributions | $1,923,337 |
| Other employee benefits | $5,137,693 |
| Payroll taxes | $2,216,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,936 |
| Fees for services: Accounting | $87,382 |
| Fees for services: Lobbying | $44,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $390,450 |
| Fees for services: Other | $7,114,371 |
| Advertising and promotion | $723,246 |
| Office expenses | $4,368,599 |
| Information technology | $1,790,916 |
| Royalties | $0 |
| Occupancy | $1,916,034 |
| Travel | $834,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $655,348 |
| Interest | $1,243,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,489,301 |
| Insurance | $601,029 |
| All other expenses | $0 |
| Total functional expenses | $107,115,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396 |
| Savings and temporary cash investments | $10,436,415 |
| Pledges and grants receivable | $1,799,968 |
| Accounts receivable, net | $1,627,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,591,641 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $827,345 |
| Investments—publicly traded securities | $101,681,113 |
| Investments—other securities | $12,247,807 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,463,213 |
| Total assets | $236,973,881 |
| Accounts payable and accrued expenses | $6,467,630 |
| Grants payable | $0 |
| Deferred revenue | $4,067,888 |
| Tax-exempt bond liabilities | $33,366,657 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,149,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,004,560 |
| Total liabilities | $57,055,850 |
| 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 | $179,918,031 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Otterbein University has recieved totaling $870,368.
| Awarding Organization | Amount |
|---|---|
Roush Family Foundation Columbus, OH PURPOSE: EDUCATION | $250,000 |
Citrine Foundation Naples, FL PURPOSE: EDUCATION | $140,000 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $137,761 |
Wendy Foundation New York, NY PURPOSE: PROJECT SUPPORT | $40,000 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $39,150 |
Hargis Family Foundation Wilmington, DE PURPOSE: EVERY STUDENT WILL FUND | $35,000 |
Endowment Analysis
| Beg. Balance | $99,106,831 |
| Earnings | $28,430,061 |
| Net Contributions | $921,344 |
| Other Expense | $3,127,547 |
| Grants | $2,527,279 |
| Ending Balance | $122,803,410 |
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 |