Golden Gate University
- Assets
- $132.7m
- Revenue
- $68.2m
- Investments
- $8.2m
- Employees
- 973
- Location
- San Francisco, CA
- Founding
- 06/1969
- Data as of
- 06/2020
- EIN
- 94-1585735
Organization Overview
Golden Gate University is located in San Francisco, CA. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Golden Gate University employed 973 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Golden Gate University generated $68.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $69.9m during the year ending 06/2020. While expenses have increased by 2.2% 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
TO CHANGE THE LIVES OF ADULT STUDENTS THROUGH PROFESSIONAL PRACTICE DEGREES AND CERTIFICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION IS THE UNIVERSITY'S SOLE MISSION AND PROGRAM. GGU OFFERS UNDERGRADUATE DEGREES IN BUSINESS AND MANAGEMENT, AND GRADUATE DEGREES IN LAW, TAXATION, BUSINESS AND RELATED PROFESSIONS THROUGH COURSES OFFERED IN CALIFORNIA (NORTHERN CALIFORNIA AND LOS ANGELES), WASHINGTON (SEATTLE), AND THE INTERNET. FULL TIME ENROLLMENT (FTE) FOR THE ACADEMIC YEAR 2019-2020 WAS 1950.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fike President | Officer | 37.5 | $386,023 |
John Reed VP Of Enrollment Strategy & Svcs | Officer | 37.5 | $303,141 |
Anthony Niedwiecki Dean Of Law School | Officer | 37.5 | $284,438 |
Gordon Swartz Dean, Ageno School Of Business | Officer | 37.5 | $247,077 |
Mary Ellen Mcgillan VP Of Dev And Alumni Relations | Officer | 37.5 | $241,564 |
Barbara Karlin VP Academic Affairs | Officer | 37.5 | $238,216 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us International Media Llc Advertising | 6/29/20 | $402,814 |
Carnegie Dartlet Llc Advertising | 6/29/20 | $522,929 |
Fivefifty Ltd Advertising | 6/29/20 | $455,677 |
Ellucian Company Lp It Technical Support & Hardware | 6/29/20 | $440,471 |
Effectv Advertising | 6/29/20 | $416,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $439,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,961,343 |
| Noncash contributions included in lines 1a–1f | $34,344 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,400,561 |
| Total Program Service Revenue | $58,094,750 |
| Investment income | $629,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,416 |
| Net Rental Income | $852,273 |
| Net Gain/Loss on Asset Sales | $775,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,236,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,716,498 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,481 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,960,486 |
| Compensation of current officers, directors, key employees. | $920,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,729,722 |
| Pension plan accruals and contributions | $1,168,261 |
| Other employee benefits | $3,862,124 |
| Payroll taxes | $2,112,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $541,041 |
| Fees for services: Accounting | $108,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,962 |
| Fees for services: Other | $2,661,283 |
| Advertising and promotion | $2,188,165 |
| Office expenses | $469,472 |
| Information technology | $1,760,838 |
| Royalties | $0 |
| Occupancy | $1,755,051 |
| Travel | $198,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $372,708 |
| Interest | $911,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,835,038 |
| Insurance | $527,777 |
| All other expenses | $19,435 |
| Total functional expenses | $69,855,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,689,372 |
| Savings and temporary cash investments | $985,045 |
| Pledges and grants receivable | $132,596 |
| Accounts receivable, net | $2,337,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,853,010 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,103,876 |
| Net Land, buildings, and equipment | $69,513,908 |
| Investments—publicly traded securities | $32,733,711 |
| Investments—other securities | $8,174,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,133,898 |
| Total assets | $132,658,164 |
| Accounts payable and accrued expenses | $6,189,987 |
| Grants payable | $0 |
| Deferred revenue | $290,934 |
| Tax-exempt bond liabilities | $28,333,319 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,281,420 |
| Unsecured mortgages and notes payable | $6,743,500 |
| Other liabilities | $1,555,301 |
| Total liabilities | $51,394,461 |
| Net assets without donor restrictions | $42,219,697 |
| Net assets with donor restrictions | $39,044,006 |
| 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 | $132,658,164 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Golden Gate University has recieved totaling $30,608.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,108 |
Kazan Mcclain Partners Foundation Oakland, CA PURPOSE: GENERAL SUPPORT | $7,500 |
Elfenworks Foundation San Mateo, CA PURPOSE: GRANT | $1,000 |
Endowment Analysis
| Beg. Balance | $47,681,987 |
| Earnings | $639,324 |
| Net Contributions | $515,791 |
| Other Expense | $7,448,037 |
| Ending Balance | $41,389,065 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Saint Marys University Los Angeles, CA | $325,045,397 | $120,464,265 |
Whittier College Whittier, CA | $282,882,820 | $112,383,790 |
Hawaii Pacific University Honolulu, HI | $167,410,754 | $102,650,115 |
Concordia University Irvine, CA | $175,634,097 | $103,671,515 |
Claremont Graduate University Claremont, CA | $234,154,735 | $87,787,422 |
Fresno Pacific University Fresno, CA | $49,712,152 | $88,457,100 |
Soka University Of America Aliso Viejo, CA | $1,676,808,669 | $48,746,196 |
La Sierra University Riverside, CA | $192,974,775 | $80,829,337 |
Mills College Oakland, CA | $315,223,538 | $70,883,846 |
Cal Poly Corporation San Luis Obispo, CA | $209,034,925 | $72,248,581 |
Golden Gate University San Francisco, CA | $132,658,164 | $68,236,029 |
Chaminade University Of Honolulu Honolulu, HI | $112,004,355 | $73,103,694 |