Reinhardt University
- Assets
- $114.1m
- Revenue
- $47.5m
- Investments
- $4.6m
- Employees
- 556
- Location
- Waleska, GA
- Founding
- 05/1949
- Data as of
- 06/2022
- EIN
- 58-0603153
Organization Overview
Reinhardt University is located in Waleska, GA. The organization was established in 1949. 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, Reinhardt University employed 556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reinhardt 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, Reinhardt University generated $47.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $43.6m during the year ending 06/2022. While expenses have increased by 3.0% 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 PURPOSE OF REINHARDT UNIVERSITY IS TO PROVIDE FOR ITS STUDENTS BACCALAUREATE AND GRADUATE EDUCATION AT A UNITED METHODIST AFFILIATED, COEDUCATIONAL UNIVERSITY THAT IS CHALLENGING, CARING, AND COMMITTED TO THE INDIVIDUAL.
Describe the Organization's Program Activity:
INSTUCTION- INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO BACHELOR'S AND MASTER'S LEVEL DEGREES FOR REINHARDT STUDENTS. (1,146 STUDENTS)
FINANCIAL AID- SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR THE STUDENTS ATTENDING UNIVERSITY. (1,442 STUDENTS)
AUXILIARY ENTERPRISES- RESIDENCE HALLS, FOOD SERVICES, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,146 STUDENTS)
STUDENT SERVICES- STUDENT DEVELOPMENT, COUNSELING, ATHLETICS, ADMISSIONS, FINANCIAL AID ADMINISTRATION, RECORDS, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,146 STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Ken White Chair | Trustee | 1 | $0 |
Phillip M Landrum III Vice Chair | Trustee | 1 | $0 |
M Ellen Mcelyea Secretary | Trustee | 1 | $0 |
Lewis A Cline Treasurer | Trustee | 1 | $0 |
Angela D Pharr Assistant Secretary | Trustee | 1 | $0 |
Sharon J Bartels Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Food Services | 6/29/22 | $1,983,423 |
National Management Facilities Management | 6/29/22 | $1,436,068 |
Above Grade Education Services | 6/29/22 | $786,579 |
Georgia Power Utilities | 6/29/22 | $784,330 |
Cigna Healthcare Health Services | 6/29/22 | $1,309,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,820 |
| Related organizations | $0 |
| Government grants | $4,192,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,420,241 |
| Noncash contributions included in lines 1a–1f | $204,869 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,701,844 |
| Total Program Service Revenue | $34,523,759 |
| Investment income | $2,864,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,258,376 |
| Net Income from Fundraising Events | $150,630 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,495,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,655,448 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,318,815 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $882,562 |
| Compensation of current officers, directors, key employees. | $126,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,909,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,384,796 |
| Payroll taxes | $822,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,007 |
| Fees for services: Accounting | $87,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $276,569 |
| Fees for services: Other | $2,913,240 |
| Advertising and promotion | $358,670 |
| Office expenses | $256,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $938,652 |
| Travel | $622,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $167,281 |
| Interest | $1,320,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,257,500 |
| Insurance | $370,279 |
| All other expenses | $861,088 |
| Total functional expenses | $43,630,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,032,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,062,166 |
| Accounts receivable, net | $1,999,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,508,905 |
| Inventories for sale or use | $12,900 |
| Prepaid expenses and deferred charges | $1,433,868 |
| Net Land, buildings, and equipment | $56,391,741 |
| Investments—publicly traded securities | $41,457,045 |
| Investments—other securities | $4,630,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,600,264 |
| Total assets | $114,129,516 |
| Accounts payable and accrued expenses | $2,352,287 |
| Grants payable | $0 |
| Deferred revenue | $811,379 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,964,171 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,127,837 |
| Net assets without donor restrictions | $36,710,979 |
| Net assets with donor restrictions | $36,290,700 |
| 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 | $114,129,516 |