Reinhardt University
- Assets
- $120.9m
- Revenue
- $50.6m
- Investments
- $4.8m
- Employees
- 605
- Location
- Waleska, GA
- Founding
- 05/1949
- Data as of
- 06/2021
- 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 06/2021, Reinhardt University employed 605 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 06/2021, Reinhardt University generated $50.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $47.0m during the year ending 06/2021. While expenses have increased by 4.8% 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
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:
Part 3 - Line 4a
INSTRUCTION - INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO BACHELOR'S AND MASTER'S LEVEL DEGREES FOR REINHARDT STUDENTS. (1,442 STUDENTS)
AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICE, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,442 STUDENTS)
STUDENT SERVICES - STUDENT DEVELOPMENT, COUNSELING, ATHLETICS, ADMISSIONS, FINANCIAL AID ADMINISTRATION, RECORDS, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,442 STUDENTS)
FINANCIAL AID - SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE UNIVERSITY. (1,442 STUDENTS)
INSTRUCTION - INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO BACHELOR'S AND MASTER'S LEVEL DEGREES FOR REINHARDT STUDENTS. (1,442 STUDENTS)
AUXILIARY ENTERPRISES - RESIDENCE HALLS, FOOD SERVICE, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,442 STUDENTS)
STUDENT SERVICES - STUDENT DEVELOPMENT, COUNSELING, ATHLETICS, ADMISSIONS, FINANCIAL AID ADMINISTRATION, RECORDS, AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAM OF THE UNIVERSITY. (1,442 STUDENTS)
FINANCIAL AID - SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE UNIVERSITY. (1,442 STUDENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kina Mallard Imm. Past President | 50 | $286,532 | |
Dr Mark Roberts President | Officer | 50 | $175,254 |
Jacob P Harney Interim Provost & VP Of Academic Affairs | Officer | 50 | $138,574 |
Stephanie Owens CFO | Officer | 50 | $129,012 |
Linda J Morgan Associate Professor | 50 | $125,031 | |
William Popp VP Of Athletics & Enrollment Mgmt | Officer | 50 | $96,325 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Management Resources Corporatio Facilities Management | 6/29/21 | $1,315,617 |
Metz Culinary Management Food Service | 6/29/21 | $2,059,105 |
National Management Resources Corporatio Facilities Management | 6/29/21 | $1,315,617 |
Metz Culinary Management Food Service | 6/29/21 | $2,059,105 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,465 |
| Related organizations | $0 |
| Government grants | $5,445,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,430,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,926,801 |
| Total Program Service Revenue | $37,098,286 |
| Investment income | $1,969,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500,669 |
| Net Income from Fundraising Events | $149,008 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,634,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,260,444 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,143,788 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,180,512 |
| Compensation of current officers, directors, key employees. | $147,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,933,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,051,932 |
| Payroll taxes | $729,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,478 |
| Fees for services: Accounting | $72,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $254,639 |
| Fees for services: Other | $2,476,616 |
| Advertising and promotion | $166,431 |
| Office expenses | $252,164 |
| Information technology | $19,447 |
| Royalties | $0 |
| Occupancy | $917,075 |
| Travel | $25,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,048,006 |
| Interest | $1,274,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,224,833 |
| Insurance | $724,748 |
| All other expenses | $1,040,493 |
| Total functional expenses | $47,047,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,953,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,306,943 |
| Accounts receivable, net | $2,018,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $201,681 |
| Inventories for sale or use | $12,900 |
| Prepaid expenses and deferred charges | $910,349 |
| Net Land, buildings, and equipment | $57,735,198 |
| Investments—publicly traded securities | $45,990,988 |
| Investments—other securities | $4,774,346 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,043,067 |
| Total assets | $120,947,179 |
| Accounts payable and accrued expenses | $3,869,190 |
| Grants payable | $0 |
| Deferred revenue | $1,091,117 |
| 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 | $38,835,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,795,588 |
| Net assets without donor restrictions | $38,473,227 |
| Net assets with donor restrictions | $38,678,364 |
| 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 | $120,947,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reinhardt University has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Albert E Harrison Foundation Inc Ellijay, GA PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $35,910,539 |
| Earnings | $11,185,758 |
| Net Contributions | $1,378,483 |
| Other Expense | $1,783,701 |
| Ending Balance | $46,691,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eckerd College St Petersburg, FL | $226,479,498 | $127,879,721 |
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Palm Beach Atlantic University Inc West Palm Beach, FL | $243,912,659 | $119,213,584 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Ringling College Of Art And Design Inc Sarasota, FL | $401,598,018 | $119,229,866 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |