University Of Redlands
- Assets
- $479.0m
- Revenue
- $222.1m
- Investments
- $177.3m
- Employees
- 2,308
- Location
- Redlands, CA
- Founding
- 11/1953
- Data as of
- 06/2022
- EIN
- 95-1643389
Organization Overview
University Of Redlands is located in Redlands, CA. The organization was established in 1953. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, University Of Redlands employed 2,308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Redlands 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, University Of Redlands generated $222.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $202.6m 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
THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITY COMMITTED TO A MISSION THAT WELCOMES, EDUCATES, AND EMPOWERS A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY.
Describe the Organization's Program Activity:
SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 2,600 STUDENTS
PUBLIC SUPPORT AND STUDENT SERVICES.
INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 2,600 FULL-TIME AND PART-TIME STUDENTS
STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Kuncl Former President | 40 | $1,093,614 | |
Kathy Ogren Provost | Officer | 60 | $304,286 |
Krista L Newkirk President | Officer | 70 | $288,298 |
Kevin Dyerly VP Finance/cfo | Officer | 60 | $271,328 |
Thomas Horan Dean, School Of Business | Officer | 55 | $268,822 |
Tamara Michel VP Advancement (thru 06/22) | Officer | 55 | $239,772 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harvest Table Culinary Group Food Services | 6/29/22 | $3,913,079 |
Kar Construction Inc Construction | 6/29/22 | $3,945,961 |
Keypath Education Llc Online Service | 6/29/22 | $1,344,506 |
Eduvantis Llc Marketing | 6/29/22 | $1,084,994 |
Carnegie Dartlet Llc Marketing And Enrollment | 6/29/22 | $701,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,570,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,073,923 |
| Noncash contributions included in lines 1a–1f | $8,406,751 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,644,662 |
| Total Program Service Revenue | $174,576,237 |
| Investment income | $7,800,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $144,463 |
| Net Rental Income | $65,367 |
| Net Gain/Loss on Asset Sales | $14,863,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,094,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,232,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $245,914 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,191,138 |
| Compensation of current officers, directors, key employees. | $1,865,990 |
| Compensation to disqualified persons | $55,720 |
| Other salaries and wages | $55,440,022 |
| Pension plan accruals and contributions | $711,775 |
| Other employee benefits | $6,141,046 |
| Payroll taxes | $4,240,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,550 |
| Fees for services: Accounting | $186,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,415,766 |
| Fees for services: Other | $3,518,204 |
| Advertising and promotion | $4,388,504 |
| Office expenses | $2,958,809 |
| Information technology | $2,894,030 |
| Royalties | $0 |
| Occupancy | $8,804,988 |
| Travel | $1,794,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,918 |
| Interest | $1,910,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,477,974 |
| Insurance | $1,948,296 |
| All other expenses | $935,408 |
| Total functional expenses | $202,572,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,002,936 |
| Savings and temporary cash investments | $7,100,829 |
| Pledges and grants receivable | $7,658,783 |
| Accounts receivable, net | $3,653,332 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $446,081 |
| Inventories for sale or use | $124,120 |
| Prepaid expenses and deferred charges | $2,455,049 |
| Net Land, buildings, and equipment | $169,653,292 |
| Investments—publicly traded securities | $94,610,191 |
| Investments—other securities | $177,260,092 |
| Investments—program-related | $3,659,868 |
| Intangible assets | $0 |
| Other assets | $8,422,282 |
| Total assets | $479,046,855 |
| Accounts payable and accrued expenses | $12,304,676 |
| Grants payable | $0 |
| Deferred revenue | $5,650,969 |
| Tax-exempt bond liabilities | $52,165,771 |
| 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 | $28,135,857 |
| Total liabilities | $98,257,273 |
| Net assets without donor restrictions | $110,839,380 |
| Net assets with donor restrictions | $269,950,202 |
| 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 | $479,046,855 |