Mid-America Nazarene University
- Assets
- $55.3m
- Revenue
- $63.7m
- Investments
- $0.0
- Employees
- 833
- Location
- Olathe, KS
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 48-0730814
Organization Overview
Mid-America Nazarene University is located in Olathe, KS. The organization was established in 1986. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Mid-America Nazarene University employed 833 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-America Nazarene 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, Mid-America Nazarene University generated $63.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $50.0m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 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
TRANSFORMATIVE UNIV. NURTURING CHRISTLIKE COMMUNITY, ACADEMIC EXCELLENCE & PASSION TO SERVE.
Describe the Organization's Program Activity:
MIDAMERICA NAZARENE UNIVERSITY IS A PRIVATE, CHRISTIAN, LIBERAL ARTS UNIVERSITY FOUNDED IN 1966. THE CAMPUS IS LOCATED ON 105 ACRES IN OLATHE, KANSAS. IN 2016, MNU HAD ITS ACCREDITATION BY THE HIGHER LEARNING COMMISSION REAFFIRMED. OFFERING OVER 40 UNDERGRADUATE MAJORS, THE UNIVERSITY IS ALSO KNOWN FOR ITS ACCELERATED PROFESSIONAL AND GRADUATE PROGRAMS, INCLUDING UNDERGRADUATE DEGREES IN MANAGEMENT, EDUCATION, COMPUTER INFORMATION SYSTEMS, AND NURSING AND GRADUATE DEGREES IN BUSINESS, EDUCATION, NURSING, AND COUNSELING, AND POSTGRADUATE CERTIFICATES. ONLINE OFFERINGS INCLUDE CLASSES IN EDUCATION, BUSINESS, COMPUTER INFORMATION SYSTEMS, NURSING AND ASSOCIATE'S-LEVEL STUDIES WITH MANY PROGRAMS IN THESE AREAS OFFERED COMPLETELY ONLINE. TOTAL ENROLLMENT FOR THE FALL 2021 SEMESTER WAS 1,856 STUDENTS. THE FIVE LARGEST UNDERGRADUATE PROGRAMS WERE NURSING, BUSINESS ADMINISTRATION, KINESIOLOGY, SPORTS MANAGEMENT AND PSYCHOLOGY. MNU OFFERS 39 TRADITIONAL UNDERGRADUATE MAJORS; DEGREE-COMPLETION PROGRAMS IN NURSING, BUSINESS, AND EDUCATION; AND GRADUATE DEGREES IN BUSINESS, COUNSELING, EDUCATION, AND NURSING. MNU FACTS: MNU IS THE ONLY PRIVATE UNIVERSITY IN THE STATE OF KANSAS TO OFFER A GRADUATE COUNSELING PROGRAM ACCREDITED BY THE COUNCIL FOR ACCREDITATION OF COUNSELING & RELATED EDUCATIONAL PROGRAMS (CACREP).MNU'S 2020 NCLEX-RN PASS RATE FOR BSN GRADUATES WAS 88% - EXCEEDING THE NATIONAL AND THE KANSAS STATE AVERAGE.MNU HAS OFFERED INNOVATIVE, ACCELERATED ADULT DEGREE COMPLETION AND GRADUATE PROGRAMS SINCE 1987. THE YEARLY ECONOMIC IMPACT OF THE UNIVERSITY IS MORE THAN $44 MILLION ANNUALLY IN THE STATE OF KANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David J Spittal President | OfficerTrustee | 40 | $200,081 |
Dr Nancy Damron VP For Academic Affairs/cao | Officer | 40 | $134,904 |
Dr Jon North VP Of Advancement | Officer | 40 | $133,926 |
Dr Victoria Haynes Professor Of Nursing | 40 | $133,733 | |
Mr Darrel Anderson VP Finance/cfo | Officer | 40 | $132,542 |
Mrs Susan Larson Professor Of Nursing | 40 | $126,015 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waybetter Marketing Inc Marketing | 6/29/22 | $294,667 |
Peckham Guyton Albers & Viets Inc Architects | 6/29/22 | $355,465 |
Walz Tetrick Advertising Inc Advertising | 6/29/22 | $614,561 |
Pioneer College Caterers Inc Food Service | 6/29/22 | $1,241,422 |
Al Huber Inc Construction | 6/29/22 | $10,553,081 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,941,007 |
| Government grants | $3,873,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,712 |
| Noncash contributions included in lines 1a–1f | $15,177 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,877,559 |
| Total Program Service Revenue | $41,714,425 |
| Investment income | $6,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,172 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$311,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,656,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,135,988 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $925,491 |
| Compensation of current officers, directors, key employees. | $551,981 |
| Compensation to disqualified persons | $62,684 |
| Other salaries and wages | $15,070,950 |
| Pension plan accruals and contributions | $139,834 |
| Other employee benefits | $2,946,878 |
| Payroll taxes | $1,127,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,993 |
| Fees for services: Accounting | $193,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,056 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,578,782 |
| Advertising and promotion | $611,860 |
| Office expenses | $1,320,929 |
| Information technology | $1,006,578 |
| Royalties | $0 |
| Occupancy | $1,854,200 |
| Travel | $1,017,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,792 |
| Interest | $746,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,333,435 |
| Insurance | $417,477 |
| All other expenses | $1,024,016 |
| Total functional expenses | $49,951,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,317 |
| Savings and temporary cash investments | $1,605,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,249,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,701 |
| Prepaid expenses and deferred charges | $321,611 |
| Net Land, buildings, and equipment | $46,918,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $584,857 |
| Intangible assets | $0 |
| Other assets | $588,030 |
| Total assets | $55,334,319 |
| Accounts payable and accrued expenses | $2,439,817 |
| Grants payable | $0 |
| Deferred revenue | $1,554,185 |
| 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 | $15,454,630 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,337 |
| Total liabilities | $19,698,969 |
| Net assets without donor restrictions | $33,984,425 |
| Net assets with donor restrictions | $1,650,925 |
| 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 | $55,334,319 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Mid-America Nazarene University has recieved totaling $648,695.
| Awarding Organization | Amount |
|---|---|
Central Kansas Community Foundation Newton, KS PURPOSE: SCHOLARSHIP & CAMPAIGN | $490,000 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $50,000 |
Tim And Gail Buchanan Family Foundation Wichita, KS PURPOSE: SCHOLARSHIPS | $30,000 |
Olathe Medical Center Inc Olathe, KS PURPOSE: COMMUNITY WELLNESS | $26,500 |
Hutchinson Community Foundation Hutchinson, KS PURPOSE: EDUCATION | $20,401 |
Lending Help For Students Inc Leavenworth, KS PURPOSE: PROGRAM SUPPORT | $9,844 |
Endowment Analysis
| Beg. Balance | $16,299,264 |
| Earnings | -$1,827,985 |
| Admin Expense | $431 |
| Net Contributions | $216,173 |
| Grants | $630,384 |
| Ending Balance | $14,056,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City University Oklahoma City, OK | $362,717,659 | $109,214,951 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Park University Parkville, MO | $196,638,780 | $102,110,275 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
Baker University Baldwin City, KS | $111,599,532 | $59,186,378 |
Mid-America Nazarene University Olathe, KS | $55,334,319 | $63,656,687 |
Friends University Wichita, KS | $113,219,146 | $51,050,337 |
Southwest Baptist University Bolivar, MO | $91,333,460 | $47,144,070 |
Wichita State University Foundation Wichita, KS | $377,844,366 | $48,848,227 |
University Of Kansas Memorial Lawrence, KS | $26,943,334 | $29,194,763 |
The American University Of Paris Inc Denver, CO | $83,974,222 | $36,441,184 |