Midway University Inc

Organization Overview

Midway University Inc is located in Midway, KY. The organization was established in 1955. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Midway University Inc employed 485 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midway 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 06/2022, Midway University Inc generated $32.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $31.4m during the year ending 06/2022. While expenses have increased by 7.0% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MIDWAY UNIVERSITY ENGAGES AND CHALLENGES STUDENTS TO ACHIEVE INDIVIDUAL GROWTH, RESPONSIBLE CITIZENSHIP, AND MEANINGFUL CAREERS THROUGH PERSONALIZED EDUCATIONAL EXPERIENCES.

Describe the Organization's Program Activity:

MIDWAY UNIVERSITY OFFERS A LIBERAL ARTS FOUNDATION THROUGH A GENERAL EDUCATION CURRICULUM AND CAREER FOCUSED PREPARATION THROUGH MAJORS AT THE UNDERGRADUATE LEVEL. IN ADDITION, THE UNIVERSITY PROVIDES COEDUCATIONAL ACCELERATED ADULT UNDERGRADUATE AND GRADUATE PROGRAMS IN THE EVENINGS AT THE MAIN CAMPUS AND ONLINE. ALL PROGRAMS ARE INTENDED TO LEAD TO REWARDING CAREERS AND RESPONSIBLE CITIZENSHIP.


THE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO STUDENTS IN THE FORM OF ACADEMIC ADVISORS, ACADEMIC COUNSELING, AND LIBRARY AND COMPUTER SERVICES. THE UNIVERSITY'S 15 - 1 STUDENT-FACULTY RATIO ENSURES EASY ACCESS TO AND DEVELOPMENT OF GOOD RELATIONSHIPS WITH FACULTY.


THE UNIVERSITY PROVIDES STUDENTS WITH A NUMBER OF OPPORTUNITIES TO BECOME INVOLVED IN SOCIAL, RECREATIONAL, EDUCATIONAL, AND CULTURAL ACTIVITIES. ANNUAL EVENTS INCLUDE NIGHT OF LIGHTS, THE LAST SUPPER, MIDWAY CHRISTMAS VESPERS, AND GRADUATION FESTIVITIES. CHORALE CONCERTS AND STUDENT PRODUCTIONS ADD A CULTURAL DIMENSION TO CAMPUS LIFE. A NUMBER OF STUDENT ACTIVITIES AND ORGANIZATIONS PROVIDE STUDENTS WITH THE OPPORTUNITY TO SUPPLEMENT ACADEMIC LEARNING, SHARPEN LEADERSHIP SKILLS, AND ACTIVELY PARTICIPATE IN THE PROCESS OF PLANNING AND ORGANIZING PROGRAMS.


THE UNIVERSITY PROVIDES AUXILIARY SERVICES FOR STUDENTS AND FACULTY. THESE SERVICES INCLUDE FOOD SERVICES AND RESIDENCE HALL ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Dr John P Marsden
President
$476,596
Leah Rice
Vice President
$155,065
William Kennedy
Vice President
$152,556
Salah Shakir
Dean
$130,317
James Timothy Culver
Vice President
$129,969
Carrie Christensen
Vice President
$127,246

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aramark
Outsourced Facilities And Dining Service
$2,785,993
Dean Builds Inc
Construction
$791,065
Parker Inc
New Barn Construction
$493,641
Elite Builders Group
Roof Replacement
$281,777
Ellucian Inc
Campus Erp Software Provider
$206,789
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,285,196
All other contributions, gifts, grants, and similar amounts not included above$1,722,278
Noncash contributions included in lines 1a–1f $229,135
Total Revenue from Contributions, Gifts, Grants & Similar$4,007,474
Total Program Service Revenue$26,920,355
Investment income $192,185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,822
Net Gain/Loss on Asset Sales $1,409,366
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,615,868

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Midway University Inc has recieved totaling $302,345.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$118,110
Raymond Foundation Inc

Bloomington, IN

PURPOSE: EDUCATIONAL PROGRAMS - SCHOLARSHIPS

$40,000
Organization Name not Listed

PURPOSE: TECHNOLOGY UPGRADES TO ANNE RAYMOND CLASSROOMS

|

$37,900
Margaret Voorhies Haggin Memorial Trust

Pittsburgh, PA

PURPOSE: GENERAL OPERATING

$30,000
Blue Grass Community Foundation Inc

Lexington, KY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$20,000
John T And Ada M Diederich Educational Trust

Lexington, KY

PURPOSE: EDUCATIONAL/SCHOLARSHIPS

$18,165
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$36,375,546
Earnings-$4,849,447
Net Contributions$1,839
Other Expense$2,601,268
Ending Balance$28,926,670

Peer Organizations

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