Tiffin University
- Assets
- $103.1m
- Revenue
- $75.0m
- Investments
- $0.0
- Employees
- 981
- Location
- Tiffin, OH
- Founding
- 01/2009
- Data as of
- 04/2022
- EIN
- 34-4427516
Organization Overview
Tiffin University is located in Tiffin, OH. The organization was established in 2009. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 04/2022, Tiffin University employed 981 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tiffin 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 04/2022, Tiffin University generated $75.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $68.9m during the year ending 04/2022. While expenses have increased by 2.2% 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
EDUCATE STUDENTS BY LINKING KNOWLEDGE TO PROFESSIONAL PRACTICE.
Describe the Organization's Program Activity:
STUDENTS HAVE ACCESS TO SOME OF THE BEST UNDERGRADUATE, GRADUATE, AND DEGREE COMPLETION PROGRAMS AND CAN DECIDE WHETHER TO PURSUE THEIR DEGREE ON CAMPUS, ONLINE, OR ENJOY A LITTLE BIT OF BOTH. SOME OF OUR MOST POPULAR PROGRAMS, MANY OF WHICH ARE NATIONALLY RECOGNIZED, INCLUDE HOMELAND SECURITY/TERRORISM; FORENSIC PSYCHOLOGY, FORENSIC SCIENCE, SPORTS AND RECREATION MANAGEMENT; EXERCISE SCIENCE, COMMUNICATION; AND BUSINESS MANAGEMENT, TO NAME A FEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lillian Schumacher President | Officer | 45 | $404,304 |
Dr Peter Holbrook Provost/chief Academic Officer | Officer | 45 | $177,961 |
Ronald Lonzo VP What's Next Str. Innov. | Officer | 45 | $175,348 |
Mitchell Blonde VP Instit Adv & Public Affairs | Officer | 45 | $170,653 |
Dr Daniel Clark Vice Provost, Online/extended | 45 | $134,284 | |
Dr Teresa Shafer VP Planning & Effectiveness | Officer | 45 | $128,543 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Brewer-garrett Company Hvac Installation | 4/29/22 | $1,509,526 |
Ellucian Company Lp Technology | 4/29/22 | $1,452,519 |
Clouse Construction Corporation Construction Service | 4/29/22 | $5,026,034 |
Rivetica Inc Marketing/consulting | 4/29/22 | $2,614,997 |
Avi Foodsystems Inc Food Service | 4/29/22 | $2,654,137 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,000 |
| Related organizations | $0 |
| Government grants | $11,578,852 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,033,341 |
| Noncash contributions included in lines 1a–1f | $159,539 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,713,193 |
| Total Program Service Revenue | $57,460,712 |
| Investment income | $1,201,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,599 |
| Net Gain/Loss on Asset Sales | $224,198 |
| Net Income from Fundraising Events | -$8,718 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,402,858 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,037,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,627,684 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,514,952 |
| Compensation of current officers, directors, key employees. | $756,635 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,119,671 |
| Pension plan accruals and contributions | $801,542 |
| Other employee benefits | $2,645,041 |
| Payroll taxes | $1,284,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,339 |
| Fees for services: Accounting | $442,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $207,369 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,364,770 |
| Advertising and promotion | $2,317,404 |
| Office expenses | $2,077,169 |
| Information technology | $2,691,195 |
| Royalties | $0 |
| Occupancy | $2,380,765 |
| Travel | $487,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,479 |
| Interest | $1,053,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,083,657 |
| Insurance | $539,310 |
| All other expenses | $0 |
| Total functional expenses | $68,931,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085 |
| Savings and temporary cash investments | $8,422,879 |
| Pledges and grants receivable | $2,688,785 |
| Accounts receivable, net | $1,915,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $386,933 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $687,059 |
| Net Land, buildings, and equipment | $65,061,568 |
| Investments—publicly traded securities | $21,999,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,951,324 |
| Total assets | $103,114,679 |
| Accounts payable and accrued expenses | $5,574,021 |
| Grants payable | $0 |
| Deferred revenue | $724,519 |
| Tax-exempt bond liabilities | $29,070,164 |
| 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 | $0 |
| Other liabilities | $450,674 |
| Total liabilities | $35,819,378 |
| Net assets without donor restrictions | $53,293,219 |
| Net assets with donor restrictions | $14,002,082 |
| 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 | $103,114,679 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Tiffin University has recieved totaling $529,867.
| Awarding Organization | Amount |
|---|---|
Pruina Corporation Northfield, IL PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
National Machinery Foundation Inc Tiffin, OH PURPOSE: CAP. CAMPAIGN FOR PALS & NATIONAL MA | $50,000 |
Meshech Frost Testamentary Tr Pittsburgh, PA PURPOSE: EQUIPPING THE CENTER | $37,500 |
John C Reed Iv And Margaret Hanson Reed Fund Brooklyn, OH PURPOSE: GENERAL OPERATING | $37,354 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI PURPOSE: GENERAL SUPPORT | $27,412 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $25,000 |
Endowment Analysis
| Beg. Balance | $18,993,601 |
| Earnings | -$975,583 |
| Net Contributions | $667,107 |
| Grants | $150,089 |
| Ending Balance | $18,535,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |
University Of The Arts Philadelphia, PA | $189,935,840 | $110,070,964 |
Otterbein University Westerville, OH | $236,973,881 | $106,500,900 |
University Of Evansville Evansville, IN | $383,851,853 | $114,850,213 |
Kings College Wilkesbarre, PA | $274,438,730 | $118,353,435 |