The Corporation Of Mercer University
- Assets
- $834.0m
- Revenue
- $406.5m
- Investments
- $182.9m
- Employees
- 4,641
- Location
- Macon, GA
- Founding
- 04/1946
- Data as of
- 06/2020
- EIN
- 58-0566167
Organization Overview
The Corporation Of Mercer University is located in Macon, GA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Corporation Of Mercer University employed 4,641 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Corporation Of Mercer University generated $406.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $378.4m during the year ending 06/2020. While expenses have increased by 2.4% per year over the past 5 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.
Since 2015, Corporation Of Mercer University has awarded 92 individual grants totaling $13,876,766. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER, AND TO SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: THE UNIVERSITY HAS 12 COLLEGES AND SCHOOLS. THE UNIVERSITYS PROGRAMS INCLUDE LIBERAL ARTS, BUSINESS, ENGINEERING, EDUCATION, MEDICINE, NURSING, PHARMACY, LAW, THEOLOGY, MUSIC AND HEALTH PROFESSIONS. THESE EXPENSES ARE RELATED TO THE DIRECT INSTRUCTION OF HIGHER EDUCATION. THE UNIVERSITY SERVES OVER 9,000 DEGREE SEEKING STUDENTS IN THE 12 COLLEGES AND SCHOOLS. THE UNIVERSITY BESTOWED OVER 2,600 DEGREES FOR THE 2019-2020 SCHOOL YEAR. THE PEACE CORPS HAS NAMED MERCER AMONG THE TOP FIVE PEACE CORP PREP CERTIFICATE GRANTING INSTITUTIONS IN THE UNITED STATES. THE PROGRAM HAD A RECORD 12 STUDENTS OFFERED APPOINTMENT TO THE PEACE CORPS. THE UNIVERSITYS INSTRUCTION PROVIDES A FOCUS ON UNDERGRADUATE RESEARCH. THE UNIVERSITY HAS BEEN RECOGNIZED AMONG THE 50 LEADING UNIVERSITIES IN THE UNITED STATES FOR UNDERGRADUATE RESEARCH. 54% OF THE UNIVERSITYS SENIORS ARE ENGAGED IN INDIVIDUALIZED RESEARCH WITH FACULTY. THE UNIVERSITY HAD 202 STUDENTS WHO WERE TO PRESENT AT REGIONAL AND NATIONAL CONFERENCES IN 2020.
SCHOLARSHIPS: THESE EXPENSES ARE RELATED TO THE SUPPORT PROVIDED TO THE UNIVERSITYS STUDENTS BASED ON DONOR STIPULATION, NEED AND MERIT. THE UNIVERSITY PROVIDES SCHOLARSHIP AID WITHIN 4 CATEGORIES. MERCER BASED AID SCHOLARSHIPS ARE BASED ON ACADEMIC CREDENTIALS AND THE SCHOLARSHIPS ARE RENEWABLE UP TO 4 YEARS. TALENT BASED AID SCHOLARSHIPS ARE EITHER ATHLETIC SCHOLARSHIPS OR MUSIC SCHOLARSHIPS. NEED BASED AID SCHOLARSHIPS ARE BASED ON ECONOMIC NEED. COMPETITIVE AID SCHOLARSHIPS ARE BASED ON MERIT. OVER 90% OF THE UNIVERSITYS STUDENTS RECEIVED SCHOLARSHIPS AND DISCOUNTS.
AUXILIARY SERVICES: THE UNIVERSITYS AUXILIARY SERVICES FACILITATES THE CREATION OF COMMUNITY, EXTENDS THE LEARNING ENVIRONMENT BEYOND THE CLASSROOM AND ENHANCES THE QUALITY OF CAMPUS LIFE THROUGH THE DELIVERY OF QUALITY GOODS AND SERVICES INCLUDING RESIDENCE, DINING SERVICES, CLINIC OPERATIONS, AS WELL AS ATHLETIC AND RETAIL OPERATIONS FOR OVER 9,000 STUDENTS. AUXILIARY SERVICES MAINTAINS THE BEAR CARD SYSTEM WHICH PROVIDES FOR A VARIETY OF DIFFERENT DINING OPTIONS AND EASIER ACCESS FOR STUDENTS TO PAY FOR THOSE OPTIONS. AUXILIARY SERVICES ALSO PROVIDES MAIL AND DOCUMENT SERVICES AS WELL AS CABLE ACCESS FOR THE UNIVERSITYS STUDENT RESIDENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hawkins Associate Professor | 55 | $492,756 | |
Jean Sumner Dean/professor | Officer | 55 | $411,566 |
Lera Cox Dean/professor | 55 | $368,736 | |
William Underwood President/professor Of Law | OfficerTrustee | 55 | $344,179 |
James Netherton Exec VP - Admin & Finance | Officer | 55 | $327,731 |
Julian Hutchins Medical Lab Dir/asst Professor | 55 | $316,803 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Service | 6/29/20 | $8,861,774 |
Sheridan Co Construction | 6/29/20 | $6,717,028 |
Bhi Construction Inc Construction | 6/29/20 | $5,963,072 |
Natl Management Resources Corp Cleaning Service | 6/29/20 | $3,695,606 |
Shapefidelity Inc Data Processing | 6/29/20 | $2,856,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,057 |
| Related organizations | $0 |
| Government grants | $79,725,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,392,881 |
| Noncash contributions included in lines 1a–1f | $6,423,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,236,428 |
| Total Program Service Revenue | $286,911,700 |
| Investment income | $8,209,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $824,815 |
| Net Gain/Loss on Asset Sales | -$1,854,798 |
| Net Income from Fundraising Events | -$169,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$63,529 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,533,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,380 |
| Grants and other assistance to domestic individuals. | $92,346,790 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,615,514 |
| Compensation of current officers, directors, key employees. | $1,381,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,075,661 |
| Pension plan accruals and contributions | $7,585,064 |
| Other employee benefits | $24,352,108 |
| Payroll taxes | $8,272,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $365,471 |
| Fees for services: Accounting | $313,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,547,831 |
| Advertising and promotion | $1,343,449 |
| Office expenses | $11,248,402 |
| Information technology | $4,063,512 |
| Royalties | $14,705 |
| Occupancy | $657,927 |
| Travel | $4,618,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,151,271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,210,056 |
| Insurance | $4,840,839 |
| All other expenses | $4,995,737 |
| Total functional expenses | $378,383,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,752,808 |
| Pledges and grants receivable | $2,478,847 |
| Accounts receivable, net | $14,381,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,658,104 |
| Inventories for sale or use | $794,008 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $359,128,337 |
| Investments—publicly traded securities | $191,552,215 |
| Investments—other securities | $182,938,365 |
| Investments—program-related | $10,125,345 |
| Intangible assets | $0 |
| Other assets | $6,222,921 |
| Total assets | $834,032,550 |
| Accounts payable and accrued expenses | $12,669,346 |
| Grants payable | $0 |
| Deferred revenue | $9,052,193 |
| Tax-exempt bond liabilities | $226,241,279 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $69,741,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,801,170 |
| Total liabilities | $354,505,553 |
| Net assets without donor restrictions | $194,610,815 |
| Net assets with donor restrictions | $284,916,182 |
| 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 | $834,032,550 |
Grants Awarded
Over the last fiscal year, The Corporation Of Mercer University has awarded $58,380 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Macon, GA PURPOSE: General Operations | $40,571 |
Athens, GA PURPOSE: Research | $17,809 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that The Corporation Of Mercer University has recieved totaling $643,108.
| Awarding Organization | Amount |
|---|---|
The Peyton Anderson Foundation Inc Macon, GA PURPOSE: CAPRICORN | $500,000 |
The Peyton Anderson Foundation Inc Macon, GA PURPOSE: SCHOLARSHIP | $32,000 |
James Hyde Porter Testamentary Macon, GA PURPOSE: GENERAL OPERATIONS | $25,000 |
Dermatology Pa Foundation Inc Alexandria, VA PURPOSE: RESEARCH GRANT | $24,577 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,381 |
Assistance League Of Atlanta Georgia Peachtree Corners, GA PURPOSE: SCHOLARSHIP | $10,000 |
Endowment Analysis
| Beg. Balance | $376,609,510 |
| Earnings | -$2,374,397 |
| Net Contributions | $4,582,017 |
| Other Expense | $17,379,775 |
| Ending Balance | $361,437,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Southeastern University Inc Fort Lauderdale, FL | $1,601,599,606 | $777,842,794 |
Wake Forest University Winstonsalem, NC | $2,139,822,388 | $583,443,727 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Embry-Riddle Aeronautical Daytona Beach, FL | $1,097,177,529 | $561,742,106 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
The Corporation Of Mercer University Macon, GA | $834,032,550 | $406,533,025 |
Elon University Elon, NC | $893,737,232 | $328,453,491 |
University Of Tampa Tampa, FL | $788,681,570 | $349,937,175 |
Belmont University Nashville, TN | $1,133,197,968 | $378,873,316 |
Campbell University Inc Buies Creek, NC | $612,904,970 | $261,461,317 |
Stetson University Inc DeLand, FL | $588,771,463 | $246,563,024 |
Samford University Birmingham, AL | $717,316,592 | $233,018,125 |