Belmont University
- Assets
- $1.1b
- Revenue
- $378.9m
- Investments
- $0.0
- Employees
- 3,519
- Location
- Nashville, TN
- Founding
- 03/1951
- Data as of
- 05/2020
- EIN
- 62-0465076
Organization Overview
Belmont University is located in Nashville, TN. The organization was established in 1951. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2020, Belmont University employed 3,519 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 05/2020, Belmont University generated $378.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $281.3m during the year ending 05/2020. While expenses have increased by 6.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,600 STUDENTS, OFFERING MORE THAN 65 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS SEVEN COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, ALL COMPETING IN THE OHIO VALLEY CONFERENCE. BELMONT STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. THE BELMONT MEN'S BASKETBALL TEAM HAS MADE APPEARANCES IN SEVEN OUT OF THE PAST TWELVE NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS, AND QUALIFIED IN 2020 PRIOR TO ITS CANCELLATION DUE TO COVID-19. THE MEN'S BASEBALL TEAM HAS MADE APPEARANCES IN THEIR RESPECTIVE NCAA TOURNAMENT IN TWO OF THE PAST SIX YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 120 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Earl Swensson Associates Architects | 5/30/20 | $3,516,121 |
R C Mathews Contractor Llc Primary General Contractor | 5/30/20 | $49,951,416 |
Sodexo Food Service Vendor | 5/30/20 | $11,074,265 |
Lee Company Construction/hvac Services | 5/30/20 | $4,836,769 |
Enterprise Solutions Construction And Electrical Design | 5/30/20 | $2,877,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,901,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,662,788 |
| Noncash contributions included in lines 1a–1f | $1,908,369 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,563,913 |
| Total Program Service Revenue | $340,998,168 |
| Investment income | $10,007,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $377,432 |
| Net Rental Income | $391,125 |
| Net Gain/Loss on Asset Sales | $5,441,835 |
| Net Income from Fundraising Events | $3,916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $208,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,873,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $85,653,852 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,188,416 |
| Compensation of current officers, directors, key employees. | $3,524,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,630,558 |
| Pension plan accruals and contributions | $3,650,645 |
| Other employee benefits | $14,426,804 |
| Payroll taxes | $6,858,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $177,304 |
| Fees for services: Accounting | $103,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,344 |
| Fees for services: Other | $5,339,313 |
| Advertising and promotion | $2,998,294 |
| Office expenses | $4,327,228 |
| Information technology | $365,879 |
| Royalties | $0 |
| Occupancy | $14,404,192 |
| Travel | $6,040,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,480 |
| Interest | $128,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,385,964 |
| Insurance | $1,424,493 |
| All other expenses | $4,600,818 |
| Total functional expenses | $281,342,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,430 |
| Savings and temporary cash investments | $72,493,523 |
| Pledges and grants receivable | $19,517,238 |
| Accounts receivable, net | $4,401,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,207,485 |
| Inventories for sale or use | $259,008 |
| Prepaid expenses and deferred charges | $317,132 |
| Net Land, buildings, and equipment | $746,434,064 |
| Investments—publicly traded securities | $261,987,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,572,686 |
| Total assets | $1,133,197,968 |
| Accounts payable and accrued expenses | $17,806,661 |
| Grants payable | $0 |
| Deferred revenue | $7,408,702 |
| Tax-exempt bond liabilities | $52,147,367 |
| Escrow or custodial account liability | $177,347 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,762,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,004,051 |
| Total liabilities | $84,307,105 |
| Net assets without donor restrictions | $834,470,327 |
| Net assets with donor restrictions | $214,420,536 |
| 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 | $1,133,197,968 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Belmont University has recieved totaling $193,111.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $57,000 |
Chuck And Monica Mcquaid Family Foundation Downers Grove, IL PURPOSE: LIBERAL ARTS AND PROFESSIONAL EDUCATION | $50,000 |
Daniels Fund Denver, CO PURPOSE: SCHOLARSHIPS | $27,597 |
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,464 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $5,050 |
Endowment Analysis
| Beg. Balance | $274,345,595 |
| Earnings | $12,849,336 |
| Net Contributions | $8,596,841 |
| Grants | $3,855,437 |
| Ending Balance | $291,936,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake Forest University Winstonsalem, NC | $2,139,822,388 | $583,443,727 |
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 | $2,953,130,131 | $458,087,443 |
The Corporation Of Mercer University Macon, GA | $834,032,550 | $406,533,025 |
Elon University Elon, NC | $893,737,232 | $328,453,491 |
Belmont University Nashville, TN | $1,133,197,968 | $378,873,316 |
Campbell University Inc Buies Creek, NC | $612,904,970 | $261,461,317 |
Samford University Birmingham, AL | $717,316,592 | $233,018,125 |
Lipscomb University Nashville, TN | $475,201,837 | $193,551,646 |
Hampton University Hampton, VA | $779,168,098 | $206,010,995 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |