Campbell University Inc
- Assets
- $678.7m
- Revenue
- $263.8m
- Investments
- $568.7k
- Employees
- 2,552
- Location
- Buies Creek, NC
- Founding
- 12/1939
- Data as of
- 05/2021
- EIN
- 56-0529940
Organization Overview
Campbell University Inc is located in Buies Creek, NC. The organization was established in 1939. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Campbell University Inc employed 2,552 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Campbell 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 05/2021, Campbell University Inc generated $263.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $231.2m during the year ending 05/2021. While expenses have increased by 1.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT EDUCATION SERVICES INCLUDING EDUCATION ADMINISTRATION AND INSTITUTIONAL SUPPORT. THE UNIVERSITY SERVED A TOTAL ENROLLMENT OF 5,622 STUDENTS BASED ON FALL 2021 IPEDS REPORTING. THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREES IN ARTS AND SCIENCES, LAW, DIVINITY, PHARMACY, CLINICAL RESEARCH, EDUCATION, BUSINESS, OSTEOPATHIC MEDICINE, PHYSICAL THERAPY, PHYSICIAN ASSISTANT PRACTICE AND PUBLIC HEALTH.
STUDENT AID TO QUALIFIED STUDENTS
AUXILIARY ENTERPRISES INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND OPERATION OF KEITH HILLS GOLF COURSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Bradley Creed President | Officer | 65 | $443,214 |
James Powers Assoc. Dean Clinical Integ. | 65 | $319,697 | |
J Rich Leonard Dean, School Of Law | 60 | $307,774 | |
Brian Kessler As Of 5121 Dean, Cusom | 65 | $295,090 | |
Michael Mahalik Vice Dean Academic Affairs | 56 | $279,579 | |
David Tolentino Assoc. Dean Clinical Affairs | 62 | $277,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academy Bus Llc Charter Bus Service | 5/30/22 | $422,948 |
Exclusive Cleaning Services Llc Cleaning Services | 5/30/22 | $1,219,648 |
Green South Landscaping Co Landscaping | 5/30/22 | $613,557 |
The Parish Group Marketing | 5/30/22 | $1,028,011 |
Ellucian Company Lp Erp Service | 5/30/22 | $551,793 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,815,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,594,390 |
| Noncash contributions included in lines 1a–1f | $3,111,891 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,410,206 |
| Total Program Service Revenue | $215,269,960 |
| Investment income | $4,033,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,305 |
| Net Gain/Loss on Asset Sales | $14,543,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $69,053 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,777,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,203,577 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,527,835 |
| Compensation of current officers, directors, key employees. | $148,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,082,975 |
| Pension plan accruals and contributions | $1,886,927 |
| Other employee benefits | $6,739,631 |
| Payroll taxes | $5,070,019 |
| Fees for services: Management | $518,381 |
| Fees for services: Legal | $657,670 |
| Fees for services: Accounting | $379,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,847,935 |
| Advertising and promotion | $2,432,419 |
| Office expenses | $314,047 |
| Information technology | $5,672,594 |
| Royalties | $0 |
| Occupancy | $6,652,144 |
| Travel | $1,494,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,336 |
| Interest | $3,577,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,797,287 |
| Insurance | $1,979,452 |
| All other expenses | $1,666,490 |
| Total functional expenses | $231,224,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,234 |
| Savings and temporary cash investments | $55,544,503 |
| Pledges and grants receivable | $6,353,229 |
| Accounts receivable, net | $4,676,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,934,840 |
| Inventories for sale or use | $246,738 |
| Prepaid expenses and deferred charges | $5,670,648 |
| Net Land, buildings, and equipment | $335,958,762 |
| Investments—publicly traded securities | $259,337,764 |
| Investments—other securities | $568,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,445,009 |
| Total assets | $678,742,436 |
| Accounts payable and accrued expenses | $8,006,865 |
| Grants payable | $0 |
| Deferred revenue | $7,171,992 |
| Tax-exempt bond liabilities | $53,701,076 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,760,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,057,946 |
| Total liabilities | $180,698,344 |
| Net assets without donor restrictions | $258,569,625 |
| Net assets with donor restrictions | $239,474,467 |
| 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 | $678,742,436 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Campbell University Inc has recieved totaling $1,144,970.
| Awarding Organization | Amount |
|---|---|
Anonymous Trust Raleigh, NC PURPOSE: MULTI-YEAR GRANT FOR DEGREE PROGRAM IN ANSON CORRECTIONAL INSTITUTION (318,713 2023; 266,553 2024) | $585,266 |
Anonymous Trust Raleigh, NC PURPOSE: GRANT FOR GENERAL OPERATING SUPPORT (YEAR ONE OF A TWO YEAR GRANT) | $312,854 |
Anonymous Trust Raleigh, NC PURPOSE: GRANT FOR GENERAL OPERATING SUPPORT | $239,850 |
Ray Harris Educational Fund Dallas, TX PURPOSE: EDUCATIONAL SCHOLARSHIPS | $7,000 |
Endowment Analysis
| Beg. Balance | $209,338,661 |
| Earnings | -$14,468,243 |
| Net Contributions | $3,222,031 |
| Other Expense | -$753,785 |
| Grants | $7,848,171 |
| Ending Balance | $190,998,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
The Corporation Of Mercer University Macon, GA | $975,470,567 | $444,048,225 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |
Lincoln Memorial University Harrogate, TN | $295,338,228 | $171,241,775 |
Wingate University Wingate, NC | $260,864,195 | $150,590,058 |