University Of Sioux Falls
- Assets
- $94.2m
- Revenue
- $36.6m
- Investments
- $630.8k
- Employees
- 698
- Location
- Sioux Falls, SD
- Founding
- 02/1950
- Data as of
- 06/2023
- 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 06/2023, University Of Sioux Falls employed 698 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 06/2023, University Of Sioux Falls generated $36.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $38.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. 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
2023
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:
PRIVATE LIBERAL ARTS HIGHER EDUCATION--PROVIDING EDUCATION TO 1,594 STUDENTS WORKING TOWARD ASSOCIATES, BACHELORS, MASTERS, AND DOCTORATE DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Savage Chair | OfficerTrustee | 3 | $0 |
Judy Blauwet Vice Chair | OfficerTrustee | 3 | $0 |
Beth Shipman-Habicht Secretary | OfficerTrustee | 3 | $0 |
Tim Plimpton Treasurer | OfficerTrustee | 3 | $0 |
Tim Bailey Trustee | Trustee | 1 | $0 |
Rocky Rehfeldt Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Food Services Management | 6/29/23 | $1,587,883 |
National Management Resources Facilities Management | 6/29/23 | $1,046,317 |
Eab Enrollment Consulting | 6/29/23 | $756,324 |
Daktronics Inc Construction Services | 6/29/23 | $489,099 |
Journey Group Companies Construction Services | 6/29/23 | $299,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,885 |
| Related organizations | $1,517 |
| Government grants | $881,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,760,172 |
| Noncash contributions included in lines 1a–1f | $862,936 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,667,425 |
| Total Program Service Revenue | $31,229,901 |
| Investment income | $455,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,625 |
| Net Rental Income | $76,555 |
| Net Gain/Loss on Asset Sales | $118,079 |
| Net Income from Fundraising Events | -$14,016 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,591,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,878,846 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $658,964 |
| Compensation of current officers, directors, key employees. | $439,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,375,526 |
| Pension plan accruals and contributions | $326,696 |
| Other employee benefits | $1,551,384 |
| Payroll taxes | $826,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,672 |
| Fees for services: Investment Management | $93,669 |
| Fees for services: Other | $2,818,372 |
| Advertising and promotion | $525,432 |
| Office expenses | $1,439,052 |
| Information technology | $6,611 |
| Royalties | $0 |
| Occupancy | $2,321,648 |
| Travel | $953,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,020 |
| Interest | $667,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,765,462 |
| Insurance | $428,219 |
| All other expenses | $377,183 |
| Total functional expenses | $38,500,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $846,902 |
| Savings and temporary cash investments | $1,364,369 |
| Pledges and grants receivable | $2,399,254 |
| Accounts receivable, net | $481,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,711 |
| Prepaid expenses and deferred charges | $773,226 |
| Net Land, buildings, and equipment | $55,071,107 |
| Investments—publicly traded securities | $28,661,045 |
| Investments—other securities | $630,779 |
| Investments—program-related | $494,883 |
| Intangible assets | $0 |
| Other assets | $3,378,960 |
| Total assets | $94,243,078 |
| Accounts payable and accrued expenses | $1,920,251 |
| Grants payable | $546,163 |
| Deferred revenue | $975,059 |
| Tax-exempt bond liabilities | $15,570,745 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,580 |
| Unsecured mortgages and notes payable | $160,715 |
| Other liabilities | $678,781 |
| Total liabilities | $19,869,294 |
| Net assets without donor restrictions | $42,600,929 |
| Net assets with donor restrictions | $31,772,855 |
| 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 | $94,243,078 |