Maranatha Baptist University Inc
- Assets
- $23.8m
- Revenue
- $19.5m
- Investments
- $43.6k
- Employees
- 673
- Location
- Watertown, WI
- Founding
- 02/1969
- Data as of
- 06/2021
- EIN
- 39-1097032
Organization Overview
Maranatha Baptist University Inc is located in Watertown, WI. The organization was established in 1969. 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, Maranatha Baptist University Inc employed 673 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranatha Baptist University Inc 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 06/2021, Maranatha Baptist University Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $16.5m during the year ending 06/2021. While expenses have increased by 0.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY TRAINS MEN AND WOMEN FOR EFFECTIVE GOSPEL MINISTRY IN THE LOCAL CHURCH THROUGH A HIGHER EDUCATIONAL PROGRAM OF BIBLICAL, GENERAL, AND PROFESSIONAL STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PROGRAM SERVICE ACTIVITY IS THE OPERATION OF A CHRISTIAN UNIVERSITY AND HIGH SCHOOL OVER 1,300 MAIN CAMPUS AND ONLINE STUDENTS. ALL ACTIVITIES ARE DIRECTLY RELATED TO THIS PURPOSE. THE UNIVERSITY PRINTS PROMOTIONAL MATERIALS, A COURSE CATALOG, AND TWO EDITIONS OF A MAGAZINE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marty Marriott President | OfficerTrustee | 40 | $77,459 |
Dr Matthew Davis CEO | OfficerTrustee | 40 | $73,070 |
Mr Donald Donovan VP Business Affairs | Officer | 40 | $57,120 |
Dr Robert Loggans Secretary | Trustee | 2 | $2,606 |
Dr Doug Jackson Chairman | Trustee | 2 | $0 |
Mr Randy Melchert Jr Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oliver Construction Company Contractor | 6/29/21 | $205,457 |
Fierce Strategy And Creative Llc Website | 6/29/21 | $136,897 |
Cdw Government Inc Computers, Software | 6/29/21 | $166,171 |
Baseman Brothers Inc Contractor | 6/29/21 | $142,631 |
Pioneer College Caterers Inc Food Service | 6/29/21 | $717,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,878 |
| Related organizations | $0 |
| Government grants | $3,050,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,154,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,277,948 |
| Total Program Service Revenue | $14,700,740 |
| Investment income | $90,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,751 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,476,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,088,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $382,506 |
| Compensation of current officers, directors, key employees. | $382,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,177,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,486,407 |
| Payroll taxes | $379,452 |
| Fees for services: Management | $1,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $192,472 |
| Office expenses | $0 |
| Information technology | $404,199 |
| Royalties | $0 |
| Occupancy | $619,671 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $922,920 |
| Insurance | $0 |
| All other expenses | $1,207,595 |
| Total functional expenses | $16,534,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,991,664 |
| Savings and temporary cash investments | $45,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $883,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,583 |
| Prepaid expenses and deferred charges | $64,194 |
| Net Land, buildings, and equipment | $14,798,066 |
| Investments—publicly traded securities | $2,895,637 |
| Investments—other securities | $43,645 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,034,905 |
| Total assets | $23,775,385 |
| Accounts payable and accrued expenses | $152,400 |
| Grants payable | $0 |
| Deferred revenue | $69,284 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,124,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $994,283 |
| Total liabilities | $6,340,579 |
| Net assets without donor restrictions | $14,851,131 |
| Net assets with donor restrictions | $2,583,675 |
| 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 | $23,775,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maranatha Baptist University Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Heartfelt Scholarship Foundation Inc Montrose, CO PURPOSE: SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $1,919,310 |
| Earnings | $680,479 |
| Admin Expense | $83,619 |
| Net Contributions | $868,447 |
| Other Expense | $181,294 |
| Grants | $619,648 |
| Ending Balance | $2,583,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graceland University Lamoni, IA | $133,638,779 | $58,033,859 |
Cardinal Stritch University Inc Milwaukee, WI | $44,442,025 | $43,591,088 |
Minneapolis College Of Art & Design Minneapolis, MN | $94,159,332 | $41,322,391 |
William Penn University Oskaloosa, IA | $77,652,968 | $45,471,214 |
Maharishi International University Fairfield, IA | $69,257,233 | $45,057,725 |
Rockford University Rockford, IL | $59,292,959 | $42,582,169 |
Mount Mary University Inc Milwaukee, WI | $76,484,409 | $43,016,464 |
Resurrection University Oak Brook, IL | $73,355,609 | $25,730,186 |
Crown College St Bonifacius, MN | $38,310,652 | $27,885,766 |
Uwm Foundation Inc Milwaukee, WI | $248,807,614 | $23,105,220 |
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |