Johnson University
- Assets
- $1.8m
- Revenue
- $5.0m
- Investments
- $62.5k
- Employees
- 196
- Location
- Knoxville, TN
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 47-5271468
Organization Overview
Johnson University is located in Knoxville, TN. The organization was established in 2016. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Johnson University employed 196 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Johnson 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 06/2022, Johnson University generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JOHNSON UNIVERSITY FLORIDA, INC. IS A PRIVATE, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL DEGREES.
Describe the Organization's Program Activity:
OPERATION OF UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Elliott Executive Vice President | Officer | 50 | $100,953 |
Jeff Whitlock Sr Secretary | OfficerTrustee | 1 | $0 |
L D Campbell Chairman | OfficerTrustee | 1 | $0 |
Paul T Coleman Attorney/ex-Officio | Officer | 1 | $0 |
Richard Clark VP For External Relations/ | Officer | 1 | $0 |
Bill Wolf Dean Of The Chapel | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer Food Service Foor Service | 6/29/22 | $194,385 |
Action Air And Electric Inc Hvac Vendor | 6/29/22 | $175,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $933,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $651,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,584,598 |
| Total Program Service Revenue | $3,390,557 |
| Investment income | $35,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,010,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $669,084 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,792 |
| Compensation of current officers, directors, key employees. | $19,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,488,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $316,777 |
| Payroll taxes | $176,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,270 |
| Advertising and promotion | $19,887 |
| Office expenses | $82,537 |
| Information technology | $42,919 |
| Royalties | $0 |
| Occupancy | $216,756 |
| Travel | $93,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,013 |
| Interest | $254,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,574 |
| Insurance | $144,114 |
| All other expenses | $208,196 |
| Total functional expenses | $5,776,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $376,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,871 |
| 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 | $773 |
| Net Land, buildings, and equipment | $1,203,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $62,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,750,926 |
| Accounts payable and accrued expenses | $109,905 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,560,723 |
| Total liabilities | $1,670,628 |
| Net assets without donor restrictions | -$2,550,783 |
| Net assets with donor restrictions | $2,631,081 |
| 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 | $1,750,926 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Johnson University has recieved totaling $12,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,100 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: EDUCATION | $4,000 |
Endowment Analysis
| Beg. Balance | $1,670,154 |
| Net Contributions | $252,744 |
| Ending Balance | $1,922,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Memorial College Of Health Sciences Inc Memphis, TN | $55,747,053 | $20,446,298 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Middle Tennessee School Of Anesthesia Inc Madison, TN | $22,533,334 | $7,937,391 |
Johnson University Knoxville, TN | $1,750,926 | $5,010,332 |
Mid-America Baptist Theological Seminary Cordova, TN | $25,540,580 | $5,422,482 |
Luther Rice University Inc Lithonia, GA | $7,749,300 | $4,580,851 |
Hood Theological Seminary Salisbury, NC | $17,605,409 | $4,185,310 |
Harry S Truman Library Institute For National & International Affai Kansas City, MO | $16,879,903 | $3,123,926 |
Nashville School Of Law Nashville, TN | $7,415,202 | $3,898,792 |
Shepherds Theological Seminary Inc Cary, NC | $1,634,882 | $3,082,209 |
Kentucky College Of Art And Design Inc Louisville, KY | $5,558,325 | $2,801,398 |
Hartland Institute Of Health And Education Rapidan, VA | $6,024,120 | $2,045,096 |