Hampton University

Organization Overview

Hampton University is located in Hampton, VA. The organization was established in 1994. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Hampton University employed 1,527 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Hampton 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 06/2021, Hampton University generated $270.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $171.6m during the year ending 06/2021. While expenses have increased by 1.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HAMPTON UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION, DEDICATED TO THE PROMOTION OF LEARNING, BUILDING OF CHARACTER, AND THE PREPARATION OF PROMISING STUDENTS FOR POSITIONS OF LEADERSHIP AND SERVICE. ITS CURRICULAR EMPHASIS IS SCIENTIFIC AND PROFESSIONAL WITH STRONG LIBERAL ARTS UNDERGIRDING. IN CARRYING OUT ITS MISSION, THE UNIVERSITY REQUIRES THAT EVERYTHING THAT IT DOES BE OF THE HIGHEST QUALITY. A HISTORICALLY BLACK INSTITUTION, HAMPTON UNIVERSITY IS COMMITTED TO MULTICULTURALISM. THE UNIVERSITY SERVES STUDENTS FROM DIVERSE NATIONAL, CULTURAL, AND ECONOMIC BACKGROUNDS.

Describe the Organization's Program Activity:

INSTRUCTIONAL AND DEPARTMENTAL RESEARCH - THE EDUCATIONAL GOALS SET UP FOR OUR STUDENTS ARE THROUGH VARIOUS INSTRUCTIONAL DIVISIONS AND DEPARTMENTAL RESEARCH.


PUBLIC SERVICES - HAMPTON UNIVERSITY HAS AN OFF CAMPUS WORK-STUDY PROGRAM FOR STUDENTS, URBAN AFFAIRS AND OTHER COMMUNITY RELATED PROJECTS.


LIBRARY AND MUSEUMS - THE LIBRARIES AND MUSEUMS PROVIDE AND DISPLAY EDUCATIONAL MATERIALS AND PROVIDE SUPPORT SERVICES TO THE ACADEMIC COMMUNITY.


STUDENT SERVICES - ALL OFFICES WHICH RENDER SERVICES TO THE EMOTIONAL WELL-BEING OF OUR STUDENTS: VICE PRESIDENT FOR STUDENT AFFAIRS, DEAN OF ADMISSIONS, REGISTRAR, TESTING, ETC.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adrian Builders Group Llc
Renovations / Repairs
$7,560,964
Damuth Trane Company
Hvac Parts And Supplies / Repairs
$6,707,341
Dominion Energy Virginia
Supplies Electricity
$4,004,907
Papco Oil Company
Supplies Oil
$3,226,272
Stx Corporation
Renovations / Repairs
$2,270,722
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $98,976,846
All other contributions, gifts, grants, and similar amounts not included above$54,857,646
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$153,834,492
Total Program Service Revenue$94,304,612
Investment income $3,383,416
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$455,396
Net Gain/Loss on Asset Sales $19,259,970
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $270,327,094

Grants Recieved

Over the last fiscal year, we have identified 77 grants that Hampton University has recieved totaling $6,486,392.

Awarding OrganizationAmount
Sentara Healthcare

Norfolk, VA

PURPOSE: FINANCIAL ASSISTANCE FOR STUDENTS AFFECTED BY THE COVID-19 CRISIS

$860,000
New York Life Foundation

New York, NY

PURPOSE: EDUCATION

$500,000
New York Life Foundation

New York, NY

PURPOSE: EDUC. GENERAL

$500,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: THRIVING CONGREGATIONS INITIATIVE

$460,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: PRIME PROGRAM

$413,300
The Executive Leadership Council Inc

Washington, DC

PURPOSE: SCHOLARSHIP

$383,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$289,786,861
Earnings$74,344,461
Net Contributions$17,089,647
Other Expense$978,765
Ending Balance$380,242,204

Peer Organizations

Organization NameAssets
Howard University
Washington, DC
$1,025,632,000
American University
Washington, DC
$862,369,744
Wake Forest University
Winstonsalem, NC
$681,736,258
University Of Richmond
Richmond, VA
$713,801,637
Belmont University
Nashville, TN
$464,356,154
Catholic University Of America
Washington, DC
$334,648,312
Elon University
Elon, NC
$374,224,853
Loyola University Maryland Inc
Baltimore, MD
$288,447,259
Campbell University Inc
Buies Creek, NC
$263,777,466
Lipscomb University
Nashville, TN
$216,257,194
Gallaudet University
Washington, DC
$202,751,628
Hampton University
Hampton, VA
$270,327,094

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