Stevenson University Inc
- Assets
- $339.1m
- Revenue
- $161.9m
- Investments
- $18.3m
- Employees
- 1,450
- Location
- Owings Mills, MD
- Founding
- 06/1996
- Data as of
- 06/2022
- EIN
- 52-0705392
Organization Overview
Stevenson University Inc is located in Owings Mills, MD. The organization was established in 1996. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Stevenson University Inc employed 1,450 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stevenson 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 06/2022, Stevenson University Inc generated $161.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $150.6m during the year ending 06/2022. While expenses have increased by 0.6% 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
THE UNIVERSITY IS AN INDEPENDENT COEDUCATIONAL FOUR-YEAR UNIVERSITY, WHICH OFFERS MASTER'S, BACHELOR'S, AND ASSOCIATE'S DEGREES TO APPROX. 3,000 FULL TIME EQUIV STUDENTS.
Describe the Organization's Program Activity:
STEVENSON UNIVERSITY IS A FOUR YEAR UNIVERSITY PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,616 FULL TIME, 363 PART TIME AND 475 GRADUATE STUDENTS.
THE NUMBER OF STUDENTS RECEIVING GRANTS IS AS FOLLOWS: PELL 912, SEOG 182, WORK STUDY 109, FEDERAL DIRECT SUB 1,772, FEDERAL DIRECT UNSUB 1,206, PARENT LOANS 585, HEERF 3,481 AND STEVENSON GRANTS AND SCHOLARSHIPS 2,787.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot L Hirshman President | Officer | 40 | $528,678 |
Melanie Edmondson VP Of Admin & Finance, CFO | Officer | 40 | $282,317 |
Susan Gorman Evp Of Academic Affairs/provos | Officer | 40 | $218,292 |
Mark Hergan VP Enrollment Management | Officer | 40 | $207,924 |
Christopher Vaughan VP University Advancement | Officer | 40 | $213,347 |
Tiffany Sanchez VP Student Affairs | Officer | 40 | $179,543 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Food Service | 6/29/22 | $5,341,698 |
David S Brown Enterprises General Contractor | 6/29/22 | $4,950,857 |
Burton F Clark Inc Construct.contractor | 6/29/22 | $2,001,821 |
Professional Maintenance Management Cleaning Service | 6/29/22 | $2,313,399 |
Alpha Landscape Contracting Llc Ground Repairs | 6/29/22 | $1,664,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,100 |
| Related organizations | $0 |
| Government grants | $23,299,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,038,876 |
| Noncash contributions included in lines 1a–1f | $39,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,353,977 |
| Total Program Service Revenue | $124,596,359 |
| Investment income | $3,846,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,925 |
| Net Gain/Loss on Asset Sales | $3,050,320 |
| Net Income from Fundraising Events | -$106 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,866,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $63,951,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $975,946 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,102,534 |
| Compensation of current officers, directors, key employees. | $1,121,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,877,077 |
| Pension plan accruals and contributions | $1,633,030 |
| Other employee benefits | $3,250,419 |
| Payroll taxes | $2,515,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,413 |
| Fees for services: Accounting | $128,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $475,870 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,843,910 |
| Office expenses | $952,250 |
| Information technology | $2,857,400 |
| Royalties | $0 |
| Occupancy | $7,411,295 |
| Travel | $6,829,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,563 |
| Interest | $4,564,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,889,712 |
| Insurance | $706,358 |
| All other expenses | $5,185,834 |
| Total functional expenses | $150,618,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,395,911 |
| Savings and temporary cash investments | $11,831,799 |
| Pledges and grants receivable | $3,651,386 |
| Accounts receivable, net | $1,649,738 |
| 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 | $5,137,916 |
| Net Land, buildings, and equipment | $185,955,351 |
| Investments—publicly traded securities | $85,834,924 |
| Investments—other securities | $18,262,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,405,910 |
| Total assets | $339,125,128 |
| Accounts payable and accrued expenses | $12,148,105 |
| Grants payable | $0 |
| Deferred revenue | $3,034,768 |
| Tax-exempt bond liabilities | $140,600,079 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,630,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $168,412,952 |
| Net assets without donor restrictions | $134,679,135 |
| Net assets with donor restrictions | $36,033,041 |
| 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 | $339,125,128 |