Dordt University Incorporated
- Assets
- $190.0m
- Revenue
- $85.5m
- Investments
- $0.0
- Employees
- 1,420
- Location
- Sioux Center, IA
- Founding
- 05/1958
- Data as of
- 06/2021
- EIN
- 42-0772559
Organization Overview
Dordt University Incorporated is located in Sioux Center, IA. The organization was established in 1958. 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, Dordt University Incorporated employed 1,420 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dordt University Incorporated 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, Dordt University Incorporated generated $85.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $66.3m during the year ending 06/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DORDT UNIVERSITY WAS FOUNDED IN 1955 AND PROVIDES CHRIST-CENTERED EDUCATION FOR STUDENTS, ALUMNI, AND THE BROADER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
DORDT'S AUXILIARY OPERATIONS INCLUDES RESIDENCE AND DINING HALLS. APPROXIMATELY 1,300 UNDERGRADUATE STUDENTS RESIDE ON CAMPUS EACH SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Hoekstra President | Officer | 50 | $263,955 |
John Baas Director Of Advancement | 50 | $134,958 | |
Leah Zuidema VP For Academic Affairs | 50 | $114,099 | |
Tim Van Soelen Professor Of Education | 50 | $120,130 | |
Howard Wilson Vice President - Operations | 50 | $109,209 | |
Brandon Huisman VP Of Enrollment And Marketing | 50 | $100,947 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Dining Services Food Service | 6/29/22 | $3,332,024 |
West Branch Construction Construction | 6/29/22 | $1,183,480 |
Clark Productions Inc Audio/visual | 6/29/22 | $670,520 |
Musco Sports Lighting Llc Sports Lighting | 6/29/22 | $473,565 |
Synergi Partners Inc Consulting | 6/29/22 | $297,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,944,977 |
| Investment income | $3,675,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $194,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,519,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $23,813,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,625 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $458,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,857,912 |
| Pension plan accruals and contributions | $707,409 |
| Other employee benefits | $3,923,457 |
| Payroll taxes | $1,213,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,171 |
| Fees for services: Accounting | $60,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,566,553 |
| Advertising and promotion | $414,037 |
| Office expenses | $271,933 |
| Information technology | $0 |
| Royalties | $2,340 |
| Occupancy | $2,352,119 |
| Travel | $1,456,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,244 |
| Interest | $231,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,009,630 |
| Insurance | $596,615 |
| All other expenses | $0 |
| Total functional expenses | $66,298,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,473 |
| Savings and temporary cash investments | $14,675,674 |
| Pledges and grants receivable | $11,401,180 |
| Accounts receivable, net | $886,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $433,600 |
| Prepaid expenses and deferred charges | $387,902 |
| Investments—publicly traded securities | $65,815,190 |
| Investments—other securities | $0 |
| Investments—program-related | $7,179,429 |
| Intangible assets | $0 |
| Other assets | $1,397,054 |
| Total assets | $189,965,325 |
| Accounts payable and accrued expenses | $4,023,115 |
| Grants payable | $0 |
| Deferred revenue | $660,831 |
| 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 | $7,126,080 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,910,821 |
| Total liabilities | $15,720,847 |
| Net assets without donor restrictions | $110,464,486 |
| Net assets with donor restrictions | $63,779,992 |
| 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 | $174,244,478 |