Christian Brothers University
- Assets
- $92.6m
- Revenue
- $65.4m
- Investments
- $803.9k
- Employees
- 814
- Location
- Memphis, TN
- Founding
- 02/1944
- Data as of
- 05/2023
- EIN
- 62-0476666
Organization Overview
Christian Brothers University is located in Memphis, TN. The organization was established in 1944. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Christian Brothers University employed 814 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Brothers 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 05/2023, Christian Brothers University generated $65.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $72.2m during the year ending 05/2023. While expenses have increased by 3.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
PRIVATE CATHOLIC UNIVERSITY OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE TRADITION OF THE CHRISTIAN BROTHERS. THE PRINCIPAL ACTIVITY OF CBU IS TO PROVIDE ADVANCED STUDY TO STUDENTS IN AN INTER-FAITH EDUCATIONAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis F Bo Allen Jr Chairman | Trustee | 2 | $0 |
Emily Sawyer Greer Vice Chairman | Trustee | 2 | $0 |
Michael E Keeney Treasurer | Trustee | 2 | $0 |
Cathy Ross Secretary | Trustee | 2 | $0 |
John Wigley Nab President | Trustee | 2 | $0 |
Robert H Buckman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corporation - Food Services Cafeteria Services | 5/30/23 | $2,288,620 |
Presidio Networked Solutions Inc It Software | 5/30/23 | $330,149 |
Aramark Corporation - Facility Services Grounds/landscaping Services | 5/30/23 | $1,135,720 |
Knight Coach Of Starkville Llc Charter Bus Services | 5/30/23 | $350,043 |
Carnegie Dartlett Llc Marketing | 5/30/23 | $558,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,741,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,672,629 |
| Noncash contributions included in lines 1a–1f | $49,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,414,424 |
| Total Program Service Revenue | $48,844,971 |
| Investment income | $942,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,014,503 |
| Net Gain/Loss on Asset Sales | -$1,581,908 |
| Net Income from Fundraising Events | $107,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,399,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,456,094 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $528,453 |
| Compensation of current officers, directors, key employees. | $296,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,235,391 |
| Pension plan accruals and contributions | $1,073,610 |
| Other employee benefits | $3,127,786 |
| Payroll taxes | $1,560,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,354 |
| Fees for services: Accounting | $101,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,793,190 |
| Advertising and promotion | $217,379 |
| Office expenses | $863,330 |
| Information technology | $1,243,763 |
| Royalties | $0 |
| Occupancy | $1,793,433 |
| Travel | $1,224,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,120 |
| Interest | $563,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,012,940 |
| Insurance | $483,265 |
| All other expenses | $659,174 |
| Total functional expenses | $72,212,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,857,755 |
| Savings and temporary cash investments | $3,629,201 |
| Pledges and grants receivable | $3,919,676 |
| Accounts receivable, net | $962,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $305,737 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $491,557 |
| Net Land, buildings, and equipment | $40,786,596 |
| Investments—publicly traded securities | $32,010,536 |
| Investments—other securities | $803,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,830,710 |
| Total assets | $92,597,874 |
| Accounts payable and accrued expenses | $2,736,200 |
| Grants payable | $0 |
| Deferred revenue | $3,238,754 |
| 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 | $884,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,163,185 |
| Total liabilities | $9,022,563 |
| Net assets without donor restrictions | $36,377,125 |
| Net assets with donor restrictions | $47,198,186 |
| 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 | $92,597,874 |