Newman University Inc

Organization Overview

Newman University Inc is located in Wichita, KS. 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 06/2021, Newman University Inc employed 709 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Newman University Inc 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, Newman University Inc generated $42.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $41.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEWMAN UNIVERSITY PROVIDED EDUCATIONAL PROGRAMS AND COURSES FOR 4,105 STUDENTS WHO ENROLLED IN 50,944 CREDIT HOURS. 466 DEGREES WERE ISSUED BY THE UNIVERSITY. NEWMAN UNIVERSITY STUDENTS AND STAFF PROVIDED OVER 245,000 VOLUNTEER HOURS OF SERVICE TO THE LOCAL COMMUNITY AND NON-PROFIT AGENCIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Smart Security
Security
$143,102
Great Western Campus Dining
Food Service
$723,196
Bkd Llp
Auditing Services
$100,733
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,570,653
Investment income $335,658
Tax Exempt Bond Proceeds $12,915
Royalties $0
Net Rental Income $1,232
Net Gain/Loss on Asset Sales $95,101
Net Income from Fundraising Events -$15,509
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,694,112

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Newman University Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Berry Foundation Inc

Wichita, KS

PURPOSE: ANNUAL GIFT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$24,201,928
Earnings$6,612,947
Admin Expense$64,597
Net Contributions$170,875
Other Expense$613,642
Grants$382,461
Ending Balance$29,925,050

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$65,752,214
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