University Of Mount Union
- Assets
- $316.3m
- Revenue
- $109.0m
- Investments
- $14.2m
- Employees
- 1,456
- Location
- Alliance, OH
- Founding
- 06/1941
- Data as of
- 06/2022
- EIN
- 34-0714687
Organization Overview
University Of Mount Union is located in Alliance, OH. The organization was established in 1941. 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, University Of Mount Union employed 1,456 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Mount Union 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, University Of Mount Union generated $109.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $94.8m during the year ending 06/2022. While expenses have increased by 1.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WITH 55 UNDERGRAD MAJORS AND 59 MINORS TO CHOOSE FROM, AS WELL AS MASTER'S AND DOCTORAL PROGRAMS, UNIVERSITY OF MOUNT UNION OFFERS A WIDE ARRAY OF ACADEMIC COURSES.
Describe the Organization's Program Activity:
THE LARGEST PROGRAM SERVICE IS UNDERGRADUATE AND GRADUATE EDUCATION BACHELOR'S DEGREES IN ARTS, MUSIC, MUSIC EDUCATION AND SCIENCE ARE OFFERED. THERE ARE 55 UNDERGRADUATE MAJORS INCLUDING BUSINESS ADMINISTRATION, EDUCATION AND SPORTS BUSINESS. MASTER'S DEGREES IN PHYSICIAN ASSISTANT STUDIES AND EDUCATIONAL LEADERSHIP AS WELL AS A DOCTORATE IN PHYSICAL THERAPY ARE ALL OFFERED. THE TOTAL ENROLLMENT FOR FALL 2020 WAS 2,133 STUDENTS.
AUXILIARY SERVICES IS ONE OF THE LARGEST PROGRAM SERVICES WHICH INCLUDES HOUSING STUDENTS AND PROVIDING CONTRACTED FOOD SERVICES.
INTERCOLLEGIATE ATHLETICS IS A PROGRAM SERVICE THAT IS OFFERED TO OUR STUDENTS. THE UNIVERSITY HAS 24 DIFFERENT MEN'S AND WOMEN'S TEAMS AVAILABLE UNDER THE AUTHORITY OF THE NCAA DIVISION III. IN THE 2021 YEAR, 947 STUDENTS COMPETED IN AT LEAST ONE SPORT AND THE UNIVERSITY HAS A STEEP TRADITION IN THE OHIO ATHLETIC CONFERENCE, THE THIRD OLDEST ATHLETIC CONFERENCE IN THE COUNTRY. MANY OF OUR ATHLETIC TEAMS ARE VERY COMPETITIVE, BOTH WITHIN THE OAC AND ON A NATIONAL STAGE. PROGRAM EXPENSES WITHIN INTERCOLLEGIATE ATHLETICS REPRESENTS COMPENSATION FOR COACHES AND TEAM EXPENSES, WHILE REVENUE ONLY ENCOMPASSES TICKET SALES. AS A DIVISION III SCHOOL, MOUNT UNION OFFERS NO ATHLETIC SCHOLARSHIPS, ALLOWING OUR STUDENTS TO PARTICIPATE IN INTERCOLLEGIATE ATHLETICS AS AN EXTENSION OF THEIR OVERALL LIVING AND LEARNING EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Botzman President | Officer | 40 | $392,729 |
Gregory King Vp, Advancment/enrollment | Officer | 40 | $210,542 |
Patrick Heddleston VP For Business Affairs | Officer | 40 | $194,919 |
Jeffrey Breese Provost/vp For Academic Affair | Officer | 40 | $184,096 |
Lindajean Western VP For Enrollment Services | Officer | 40 | $164,347 |
John Frazier VP For Student Affairs | Officer | 40 | $158,990 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Consultant | 6/29/22 | $174,999 |
Ellucian Company Lp Software | 6/29/22 | $684,150 |
Forvis Llp Accounting | 6/29/22 | $142,500 |
Greiner Interiors Painting Misc | 6/29/22 | $173,010 |
Maserah For Educational Services Ll Educational | 6/29/22 | $124,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $383,332 |
| Related organizations | $0 |
| Government grants | $12,347,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,935,967 |
| Noncash contributions included in lines 1a–1f | $244,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,667,210 |
| Total Program Service Revenue | $81,703,648 |
| Investment income | $5,623,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,171 |
| Net Rental Income | $55,000 |
| Net Gain/Loss on Asset Sales | $3,009,264 |
| Net Income from Fundraising Events | -$28,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,042,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,862,385 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,707,503 |
| Compensation of current officers, directors, key employees. | $472,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,610,200 |
| Pension plan accruals and contributions | $2,156,458 |
| Other employee benefits | $3,522,368 |
| Payroll taxes | $1,880,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $669,530 |
| Fees for services: Accounting | $113,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,750 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,948,786 |
| Advertising and promotion | $257,070 |
| Office expenses | $5,834,412 |
| Information technology | $2,132,545 |
| Royalties | $0 |
| Occupancy | $3,354,243 |
| Travel | $1,382,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $670,489 |
| Interest | $531,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,789,383 |
| Insurance | $269,242 |
| All other expenses | $255,650 |
| Total functional expenses | $94,753,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,569 |
| Savings and temporary cash investments | $34,093,537 |
| Pledges and grants receivable | $992,806 |
| Accounts receivable, net | $1,950,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $946,407 |
| Inventories for sale or use | $75,730 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $139,548,398 |
| Investments—publicly traded securities | $113,703,931 |
| Investments—other securities | $14,179,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,816,146 |
| Total assets | $316,310,745 |
| Accounts payable and accrued expenses | $4,577,053 |
| Grants payable | $0 |
| Deferred revenue | $685,576 |
| Tax-exempt bond liabilities | $15,675,160 |
| 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 | $500,000 |
| Other liabilities | $3,926,382 |
| Total liabilities | $25,364,171 |
| Net assets without donor restrictions | $146,761,852 |
| Net assets with donor restrictions | $144,184,722 |
| 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 | $316,310,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Mount Union has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Jim & Vanita Oelschlager Foundation Akron, OH PURPOSE: GENERAL FUND | $30,000 |
Endowment Analysis
| Beg. Balance | $166,774,878 |
| Earnings | -$19,667,415 |
| Net Contributions | $2,648,303 |
| Other Expense | $3,449,039 |
| Grants | $2,650,961 |
| Ending Balance | $143,655,766 |
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 |