Briar Cliff University
- Assets
- $43.2m
- Revenue
- $37.1m
- Investments
- $0.0
- Employees
- 533
- Location
- Sioux City, IA
- Founding
- 03/1946
- Data as of
- 05/2022
- EIN
- 42-0707124
Organization Overview
Briar Cliff University is located in Sioux City, IA. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Briar Cliff University employed 533 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Briar Cliff 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 05/2022, Briar Cliff University generated $37.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $37.2m during the year ending 05/2022. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIAR CLIFF UNIVERSITY IS ACCREDITED AS A DEGREE-GRANTING INSTITUTION BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS. SINCE 1945, THE HIGHER LEARNING COMMISSION HAS GRANTED BRIAR CLIFF UNIVERSITY FULL ACCREDITATION. AS A FOUR YEAR LIBERAL ARTS INSTITUTION, BRIAR CLIFF UNIVERSITY OFFERS DOCTORATE, MASTERS AND BACCALAUREATE PROGRAMS IN 44 FIELDS OF STUDY, RESULTING IN OVER 25,000 CREDIT HOURS OF POST-SECONDARY EDUCATION. THE UNIVERSITY CURRENTLY SERVES A POPULATION OF OVER 1,200 STUDENTS FROM 42 STATES, ARMED FORCES POST OFFICE, PUERTO RICO, AND 14 FOREIGN COUNTRIES.
BRIAR CLIFF UNIVERSITY AUXILIARY SERVICES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND BOOKSTORE. DURING THE FISCAL YEAR ENDED MAY 31, 2022, RESIDENCE HALL OCCUPATION WAS APPROXIMATELY 450 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachelle Keck President, Board Secretary | OfficerTrustee | 40 | $283,860 |
Patrick Cross Program Director, Dpt | 40 | $146,000 | |
Patrick Jacobson-Schulte Vp, Finance/treasurer | OfficerTrustee | 40 | $142,703 |
Mark Rossi Professor, Business Administration | 40 | $136,948 | |
Patrick Hauer Prof. & Asst Prog Director, Dpt | 40 | $131,363 | |
Todd Knealing VP For Academic Affairs | Officer | 40 | $114,516 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Lp It/network Management/consulting | 5/30/22 | $238,483 |
Encoura Llc Recruiting/adveritsing | 5/30/22 | $321,328 |
Electric Innovations It/network Management/consulting | 5/30/22 | $309,480 |
Koskovich Murphy Developments Llc Baseball Construction | 5/30/22 | $312,072 |
Aramark Services Food Service | 5/30/22 | $1,374,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,432,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,118,252 |
| Noncash contributions included in lines 1a–1f | $73,397 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,550,874 |
| Total Program Service Revenue | $27,995,068 |
| Investment income | $377,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,248 |
| Net Gain/Loss on Asset Sales | -$78,316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,621 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,073,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,201,613 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $721,475 |
| Compensation of current officers, directors, key employees. | $426,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,918,135 |
| Pension plan accruals and contributions | $58,058 |
| Other employee benefits | $1,781,887 |
| Payroll taxes | $745,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,810 |
| Fees for services: Accounting | $76,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,671 |
| Fees for services: Other | $1,717,872 |
| Advertising and promotion | $322,046 |
| Office expenses | $1,202,428 |
| Information technology | $484,913 |
| Royalties | $0 |
| Occupancy | $1,836,561 |
| Travel | $326,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $837 |
| Interest | $365,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,471,561 |
| Insurance | $510,698 |
| All other expenses | $0 |
| Total functional expenses | $37,174,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,556 |
| Savings and temporary cash investments | $2,204,266 |
| Pledges and grants receivable | $3,082,131 |
| Accounts receivable, net | $827,181 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,000 |
| Net Land, buildings, and equipment | $18,149,695 |
| Investments—publicly traded securities | $17,495,475 |
| Investments—other securities | $0 |
| Investments—program-related | $1,329,249 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,158,553 |
| Accounts payable and accrued expenses | $1,659,605 |
| Grants payable | $0 |
| Deferred revenue | $1,632,485 |
| 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 | $9,657,503 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,579,487 |
| Total liabilities | $15,529,080 |
| Net assets without donor restrictions | $8,765,396 |
| Net assets with donor restrictions | $18,864,077 |
| 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 | $43,158,553 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Briar Cliff University has recieved totaling $580,343.
| Awarding Organization | Amount |
|---|---|
Missouri River Historical Develop- Ment Inc Sioux City, IA PURPOSE: HEALTH CARE WORKFORCE TRAINING FACILITY | $250,000 |
Missouri River Historical Develop- Ment Inc Sioux City, IA PURPOSE: SCHOLARSHIPS | $75,000 |
Siouxland Community Foundation Sioux City, IA PURPOSE: GENERAL SUPPORT | $53,498 |
Iowa College Foundation Des Moines, IA PURPOSE: PROVIDE SCHOLARSHIPS | $52,825 |
Missouri River Historical Develop- Ment Inc Sioux City, IA PURPOSE: TRANSPORT HIGH SCHOOL TEAMS TO COLLEGE FIELD OF DREAMS GAME | $30,000 |
Michael L And Margie A Bennett Foundation Sioux City, IA PURPOSE: ASSISTANCE TO EDUCATIONAL ACTIVITIES | $25,000 |
Endowment Analysis
| Beg. Balance | $20,565,457 |
| Earnings | -$575,356 |
| Net Contributions | $1,640,576 |
| Grants | $500,000 |
| Ending Balance | $21,130,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |