University Of Sioux Falls
- Assets
- $85.5m
- Revenue
- $32.8m
- Investments
- $1.9m
- Employees
- 696
- Location
- Sioux Falls, SD
- Founding
- 02/1950
- Data as of
- 06/2020
- EIN
- 46-0224600
Organization Overview
University Of Sioux Falls is located in Sioux Falls, SD. The organization was established in 1950. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, University Of Sioux Falls employed 696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Sioux Falls 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 06/2020, University Of Sioux Falls generated $32.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $33.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS A CHRISTIAN UNIVERSITY, USF EDUCATES STUDENTS IN THE HUMANITIES, SCIENCES, AND PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE LIBERAL ARTS HIGHER EDUCATION--PROVIDING EDUCATION TO 1,628 STUDENTS WORKING TOWARD ASSOCIATES, BACHELORS, AND MASTERS DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Bradfield President | Officer | 50 | $225,020 |
Todd Knutson VP Of Institutional Advancement | Officer | 50 | $174,290 |
Patricia Cole Assoc. Prof-Bus Admin/area Chair | 40 | $122,317 | |
Jessica Cherenegar Director-School Of Nursing | 40 | $122,060 | |
Steven J Horan Asst. Professor-Bus Admin/mba | 40 | $118,166 | |
Michael Thompson Assoc. Prof-Crim Just/faculty Rep | 40 | $114,364 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G & R Controls Inc Repairs And Maintenance | 6/29/21 | $1,094,138 |
Eab Enrollment Consulting | 6/29/21 | $569,369 |
Avi Systems Inc Technological Advancement | 6/29/21 | $1,059,714 |
Aramark Campus Services Food Services Management | 6/29/21 | $1,268,454 |
National Management Resources Facilities Management | 6/29/21 | $990,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,729,355 |
| Investment income | $145,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,552 |
| Net Rental Income | $53,415 |
| Net Gain/Loss on Asset Sales | -$226,782 |
| Net Income from Fundraising Events | $12,362 |
| Net Income from Gaming Activities | $23,790 |
| Net Income from Sales of Inventory | $47,773 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,808,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,977,546 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $553,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,687,706 |
| Pension plan accruals and contributions | $468,904 |
| Other employee benefits | $1,265,739 |
| Payroll taxes | $770,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $38,728 |
| Fees for services: Investment Management | $82,074 |
| Fees for services: Other | $1,273,682 |
| Advertising and promotion | $388,092 |
| Office expenses | $1,811,247 |
| Information technology | $434,969 |
| Royalties | $0 |
| Occupancy | $787,522 |
| Travel | $708,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,583 |
| Interest | $782,589 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,266,318 |
| Insurance | $273,818 |
| All other expenses | $0 |
| Total functional expenses | $33,419,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,297 |
| Savings and temporary cash investments | $249,888 |
| Pledges and grants receivable | $1,970,382 |
| Accounts receivable, net | $954,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $125,127 |
| Prepaid expenses and deferred charges | $389,347 |
| Investments—publicly traded securities | $21,503,562 |
| Investments—other securities | $1,945,831 |
| Investments—program-related | $978,449 |
| Intangible assets | $0 |
| Other assets | $2,080,932 |
| Total assets | $85,542,086 |
| Accounts payable and accrued expenses | $2,231,320 |
| Grants payable | $1,122,813 |
| Deferred revenue | $1,220,090 |
| Tax-exempt bond liabilities | $17,463,989 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $653,415 |
| Secured mortgages and notes payable | $2,894,043 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $393,222 |
| Total liabilities | $25,978,892 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $59,563,194 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Sioux Falls has recieved totaling $41,221.
| Awarding Organization | Amount |
|---|---|
Harold W & K Lorette Lackey Scholarship Trust Sioux Falls, SD PURPOSE: SCHOLARSHIPS | $39,221 |
P J Barber Family Foundation Rapid City, SD PURPOSE: EDUCATION | $2,000 |
Endowment Analysis
| Beg. Balance | $29,750,014 |
| Earnings | $6,077,546 |
| Net Contributions | $562,131 |
| Other Expense | $379,997 |
| Grants | $616,096 |
| Ending Balance | $35,393,598 |
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 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |