Johnson University
- Assets
- $237.0m
- Revenue
- $27.6m
- Investments
- $160.9m
- Employees
- 780
- Location
- Knoxville, TN
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 62-6001104
Organization Overview
Johnson University is located in Knoxville, TN. The organization was established in 2016. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Johnson University employed 780 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Johnson 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, Johnson University generated $27.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $28.8m during the year ending 06/2022. 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
JOHNSON UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL DEGREES.
Describe the Organization's Program Activity:
OPERATION OF UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Thomas Smith Jr President | Officer | 50 | $154,160 |
Richard Clark VP For External Relations/ | Officer | 50 | $101,621 |
David A Legg VP For Student Services | Officer | 50 | $100,775 |
Greg Linton Provost & VP Academic Affa | Officer | 50 | $100,104 |
Cynthia T Barnard Vice President For Finance | Officer | 50 | $96,312 |
Wilbur Reid VP For Campus Services | Officer | 50 | $86,842 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Service | 6/29/22 | $1,246,417 |
P & W Construction Company Llc Construction Repair Work | 6/29/22 | $224,709 |
Weiser Security Service Inc Security Services | 6/29/22 | $175,581 |
Airtech Service Co Inc Hvac | 6/29/22 | $1,042,433 |
Hammontree Paint Contractor Drywall Repair/painting Work | 6/29/22 | $170,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,181,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,211,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,393,030 |
| Total Program Service Revenue | $17,859,199 |
| Investment income | $2,317,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,976 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,596,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,623,295 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $911,168 |
| Compensation of current officers, directors, key employees. | $145,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,285,661 |
| Pension plan accruals and contributions | $1,813,618 |
| Other employee benefits | $0 |
| Payroll taxes | $750,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,108 |
| Fees for services: Accounting | $110,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $700,872 |
| Advertising and promotion | $256,046 |
| Office expenses | $378,296 |
| Information technology | $146,659 |
| Royalties | $0 |
| Occupancy | $1,497,308 |
| Travel | $490,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,998 |
| Interest | $579,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,869,902 |
| Insurance | $390,963 |
| All other expenses | $1,249,436 |
| Total functional expenses | $28,813,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,177,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,250,000 |
| Accounts receivable, net | $859,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $128,397 |
| Net Land, buildings, and equipment | $68,183,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $160,877,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,474,608 |
| Total assets | $236,951,483 |
| Accounts payable and accrued expenses | $646,319 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,191,992 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,668,704 |
| Total liabilities | $41,507,015 |
| Net assets without donor restrictions | $98,567,860 |
| Net assets with donor restrictions | $96,876,608 |
| 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 | $236,951,483 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Johnson University has recieved totaling $63,609.
| Awarding Organization | Amount |
|---|---|
Lucy H Casteel Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $60,609 |
Roger B & Evelyn W Paddison Charitable Foundation Knoxville, TN PURPOSE: SCHOLARSHIP PAYMENT | $3,000 |
Endowment Analysis
| Beg. Balance | $132,040,467 |
| Earnings | -$7,015,617 |
| Net Contributions | $6,920,023 |
| Grants | $3,376,408 |
| Ending Balance | $128,568,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Augusta University Research Institute Inc Augusta, GA | $21,382,894 | $80,266,513 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Wake Forest University Health Sciences Group Return Winstonsalem, NC | $294,523,544 | $56,430,791 |
Asbury Theological Seminary Wilmore, KY | $333,796,449 | $52,800,131 |
Logan University Chesterfield, MO | $101,664,851 | $38,500,877 |
Southern College Of Optometry Memphis, TN | $90,101,083 | $28,598,801 |
Johnson University Knoxville, TN | $236,951,483 | $27,596,664 |
Reformed Theological Seminary Jackson, MS | $124,776,543 | $29,054,898 |
Baptist Memorial College Of Health Sciences Inc Memphis, TN | $55,747,053 | $20,446,298 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Middle Tennessee School Of Anesthesia Inc Madison, TN | $22,533,334 | $7,937,391 |