Simpson University
- Assets
- $52.0m
- Revenue
- $37.2m
- Investments
- $2.3m
- Employees
- 537
- Location
- Redding, CA
- Founding
- 06/1953
- Data as of
- 04/2023
- EIN
- 94-1339635
Organization Overview
Simpson University is located in Redding, CA. The organization was established in 1953. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 04/2023, Simpson University employed 537 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson 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 04/2023, Simpson University generated $37.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $38.0m during the year ending 04/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING EACH STUDENT IN MIND, FAITH, AND CHARACTER FOR A LIFE-TIME OF MEANINGFUL WORK AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMPSON UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING OFFERING LIBERAL ARTS AND PROFESSIONAL STUDIES DEGREES AND A GRADUATE SCHOOL. THE UNIVERSITY SERVED APPROXIMATELY 920 TRADITIONAL UNDERGRADUATE STUDENTS AND 280 OTHER EDUCATION AND GRADUATE LEVEL STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James M Postma Board Chair | OfficerTrustee | 1 | $0 |
Adam Mcelvain Board Vice Chair | OfficerTrustee | 1 | $0 |
Rev Dennis Pust Board Secretary | OfficerTrustee | 1 | $0 |
Kimberly Allen Trustee | Trustee | 1 | $0 |
Josh Barker Trustee | Trustee | 1 | $0 |
Rebecca Berg Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frandsen Construction Misc Construction Projects | 4/29/23 | $555,093 |
Timberline Heating & Air A/c Contractor | 4/29/23 | $135,427 |
Mcentire Landscaping Landscaping | 4/29/23 | $263,051 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,456 |
| Related organizations | $0 |
| Government grants | $2,699,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,131,662 |
| Noncash contributions included in lines 1a–1f | $1,641,786 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,862,256 |
| Total Program Service Revenue | $28,927,822 |
| Investment income | $405,763 |
| Tax Exempt Bond Proceeds | $8,161 |
| Royalties | $0 |
| Net Rental Income | $448,663 |
| Net Gain/Loss on Asset Sales | $162,888 |
| Net Income from Fundraising Events | -$11,810 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,186,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,178,772 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $591,199 |
| Compensation of current officers, directors, key employees. | $591,199 |
| Compensation to disqualified persons | $4,549 |
| Other salaries and wages | $10,266,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,229,150 |
| Payroll taxes | $684,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,696 |
| Fees for services: Accounting | $218,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,413 |
| Fees for services: Other | $964,483 |
| Advertising and promotion | $1,019,965 |
| Office expenses | $712,323 |
| Information technology | $400,324 |
| Royalties | $0 |
| Occupancy | $2,854,788 |
| Travel | $1,468,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,755,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,182,627 |
| Insurance | $359,917 |
| All other expenses | $340,355 |
| Total functional expenses | $37,984,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,696,966 |
| Savings and temporary cash investments | $6,049,005 |
| Pledges and grants receivable | $3,204,881 |
| Accounts receivable, net | $162,239 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,644 |
| Inventories for sale or use | $24,210 |
| Prepaid expenses and deferred charges | $100,799 |
| Net Land, buildings, and equipment | $30,149,589 |
| Investments—publicly traded securities | $6,468,181 |
| Investments—other securities | $2,320,048 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,790,361 |
| Total assets | $52,041,923 |
| Accounts payable and accrued expenses | $1,380,143 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $28,957,527 |
| 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 | $496,000 |
| Other liabilities | $1,089,510 |
| Total liabilities | $31,923,180 |
| Net assets without donor restrictions | $8,651,022 |
| Net assets with donor restrictions | $11,467,721 |
| 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 | $52,041,923 |