Eastern Mennonite University
- Assets
- $99.8m
- Revenue
- $58.5m
- Investments
- $1.2m
- Employees
- 1,018
- Location
- Harrisonburg, VA
- Founding
- 08/1947
- Data as of
- 06/2022
- EIN
- 54-0575812
Organization Overview
Eastern Mennonite University is located in Harrisonburg, VA. The organization was established in 1947. 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, Eastern Mennonite University employed 1,018 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Mennonite 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, Eastern Mennonite University generated $58.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $55.9m during the year ending 06/2022. While expenses have increased by 0.7% 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
A LEADER AMONG FAITH-BASED UNIVERSITIES, EASTERN MENNONITE UNIVERSITY EMPHASIZES PEACE-BUILDING, CREATION CARE, EXPERIENTIAL LEARNING, AND CROSS CULTURAL ENGAGEMENT. FOUNDED IN 1917 IN HARRISONBURG, VIRGINIA, EMU IS AN EDUCATIONAL INSTITUTION OF MENNONITE CHURCH USA. EMU SERVICES STUDENTS IN DIVERSE RELIGIOUS AND CULTURAL BACKGROUNDS AND CONFERS UNDERGRADUATE, GRADUATE, (CONTINUED ON SCHEDULE O, STATEMENT 1)
Describe the Organization's Program Activity:
HIGHER EDUCATION: ESTABLISH, MAINTAIN AND CONDUCT NON-PROFIT UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS FOR THE MENNONITE CHURCH AND THE GENERAL PUBLIC. OVER 1500 STUDENTS ENROLLED AND ADDITIONAL PERSONS WERE SERVED THROUGH NON-CREDIT SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Schultz Huxman President | Officer | 50 | $213,207 |
Fred Kniss Provost | Officer | 50 | $144,205 |
Tim Stutzman Chief Financial Officer | Officer | 50 | $128,595 |
Kirk Shisler Vice President | Officer | 50 | $112,467 |
Mary Jensen Vice President For Enrollment And Strategic Growth | Officer | 50 | $112,251 |
Scott Barge Vice President/cio | Officer | 50 | $96,341 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Inc Food Services | 6/29/22 | $1,489,957 |
Aero-tech Services Inc Airplane Services | 6/29/22 | $792,576 |
Harman Construction Inc Construction | 6/29/22 | $542,055 |
Ruffalo Noel Levitz Llc Professional Services | 6/29/22 | $408,808 |
Campbell Insurance Insurance | 6/29/22 | $226,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,574,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,658,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,232,917 |
| Total Program Service Revenue | $46,327,028 |
| Investment income | $1,900,564 |
| 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 | $58,460,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,782,056 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,162,640 |
| Compensation of current officers, directors, key employees. | $775,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,135,795 |
| Pension plan accruals and contributions | $508,400 |
| Other employee benefits | $2,882,538 |
| Payroll taxes | $1,106,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,988 |
| Fees for services: Accounting | $49,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $81,527 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,589,547 |
| Advertising and promotion | $389,421 |
| Office expenses | $2,427,906 |
| Information technology | $665,734 |
| Royalties | $0 |
| Occupancy | $1,590,736 |
| Travel | $1,585,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,100 |
| Interest | $227,034 |
| Payments to affiliates | $66,606 |
| Depreciation, depletion, and amortization | $2,658,397 |
| Insurance | $239,961 |
| All other expenses | $0 |
| Total functional expenses | $55,870,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,229,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $570,448 |
| Accounts receivable, net | $756,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,221,916 |
| Inventories for sale or use | $57,637 |
| Prepaid expenses and deferred charges | $399,823 |
| Net Land, buildings, and equipment | $43,265,375 |
| Investments—publicly traded securities | $41,042,379 |
| Investments—other securities | $1,239,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,783,361 |
| Accounts payable and accrued expenses | $1,361,654 |
| Grants payable | $0 |
| Deferred revenue | $1,439,815 |
| Tax-exempt bond liabilities | $8,360,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,843,527 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,508,919 |
| Total liabilities | $15,513,915 |
| Net assets without donor restrictions | $40,334,912 |
| Net assets with donor restrictions | $43,934,534 |
| 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 | $99,783,361 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Eastern Mennonite University has recieved totaling $598,449.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general and nursing scholarships. | $318,900 |
Virginia College Fund Richmond, VA | | $83,894 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $30,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: SPECIAL PROJECT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,000 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: EDUCATION | $20,515 |
Endowment Analysis
| Beg. Balance | $42,404,887 |
| Earnings | -$4,579,391 |
| Net Contributions | $1,886,415 |
| Other Expense | $768,606 |
| Grants | $805,424 |
| Ending Balance | $38,137,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
University Of Lynchburg Lynchburg, VA | $240,911,893 | $116,895,847 |
Mc Daniel College Inc Westminster, MD | $217,534,229 | $113,872,650 |
Marymount University Arlington, VA | $272,414,108 | $118,614,940 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Meredith College Raleigh, NC | $208,277,395 | $93,593,801 |
Queens University Of Charlotte Charlotte, NC | $172,081,537 | $81,135,661 |
Christian Brothers University Memphis, TN | $107,139,654 | $73,065,264 |
Hood College Of Frederick Md Frederick, MD | $239,172,984 | $86,749,150 |
Lindsey Wilson College Columbia, KY | $105,712,376 | $75,911,897 |
University Of Charleston Charleston, WV | $165,466,364 | $66,493,632 |