Azusa Pacific University
- Assets
- $364.7m
- Revenue
- $273.1m
- Investments
- $17.0m
- Employees
- 3,758
- Location
- Azusa, CA
- Founding
- 04/1946
- Data as of
- 06/2022
- EIN
- 95-1744369
Organization Overview
Azusa Pacific University is located in Azusa, CA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Azusa Pacific University employed 3,758 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Azusa Pacific 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, Azusa Pacific University generated $273.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $274.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
TO ADVANCE THE WORK OF GOD IN THE WORLD THROUGH ACADEMIC EXCELLENCE IN HIGHER EDUCATION.
Describe the Organization's Program Activity:
TUITION & FEES:AZUSA PACIFIC UNIVERSITY IS AN EVANGELICAL CHRISTIAN COMMUNITY OF DISCIPLES AND SCHOLARS WHO SEEK TO ADVANCE THE WORK OF GOD IN THE WORLD THROUGH ACADEMIC EXCELLENCE IN LIBERAL ARTS AND PROFESSIONAL PROGRAMS OF HIGHER EDUCATION THAT ENCOURAGE STUDENTS TO DEVELOP A CHRISTIAN PERSPECTIVE OF TRUTH AND LIFE. WITH 61 BACHELOR'S DEGREES, 45 MASTER'S DEGREES, 24 CERTIFICATES, 12 CREDENTIALS, AND 8 DOCTORAL PROGRAMS, THE UNIVERSITY OFFERS ITS MORE THAN 10,000 STUDENTS A QUALITY EDUCATION ON CAMPUS, ONLINE, AND AT SEVEN REGIONAL CENTERS THROUGHOUT SOUTHERN CALIFORNIA.
AUXILIARY ENTERPRISES & OTHER PROGRAM REVENUE: THE UNIVERSITY PROVIDES, IN ADDITION TO QUALITY INSTRUCTION, STUDENT LIFE PROGRAMS, FACILITIES FOR THE STUDENTS, AND ACTIVITIES TO FURTHER PROMOTE THE EDUCATIONAL EXPERIENCE OF STUDENTS AT THE UNIVERSITY.
OUTREACH MINISTRIES:OUTREACH MINISTRIES HELP THE UNIVERSITY FULFILL ITS MISSION OF ADVANCING THE WORK OF GOD IN THE WORLD AND ENCOURAGING STUDENTS TO DEVELOP A CHRISTIAN PERSPECTIVE OF TRUTH AND LIFE. THE INSTITUTE FOR OUTREACH MINISTRIES FACILITATES TRIPS TO OTHER COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Ferguson President & Trustee (part Year) | OfficerTrustee | 40 | $358,460 |
Chris Jennings Vp, General Counsel (part Year) | Officer | 40 | $223,844 |
Rukshan Fernando Provost | Officer | 40 | $234,520 |
John Thornton Chair - School Of Accounting | 40 | $186,185 | |
David Weeks Dean- Honors College | Officer | 40 | $184,311 |
Aja Lesh Dean- School Of Nursing | Officer | 40 | $184,166 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Dining Services | 6/29/22 | $2,440,923 |
Educationdynamics Llc Marketing Serivces | 6/29/22 | $1,359,199 |
Media Eye Inc Marketing Serivces | 6/29/22 | $1,035,749 |
Oracle America Inc Oracle Database Software | 6/29/22 | $776,940 |
Scelc Software For Electric Library | 6/29/22 | $920,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $999,890 |
| Related organizations | $0 |
| Government grants | $15,227,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,103,859 |
| Noncash contributions included in lines 1a–1f | $6,079,711 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,331,598 |
| Total Program Service Revenue | $242,368,032 |
| Investment income | $1,400,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $549,851 |
| Net Gain/Loss on Asset Sales | $43,527 |
| Net Income from Fundraising Events | -$49,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,144,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,314,526 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,681 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,930,490 |
| Compensation of current officers, directors, key employees. | $1,859,706 |
| Compensation to disqualified persons | $179,059 |
| Other salaries and wages | $102,518,770 |
| Pension plan accruals and contributions | $125,299 |
| Other employee benefits | $15,958,236 |
| Payroll taxes | $7,363,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $385,678 |
| Fees for services: Accounting | $229,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $224,057 |
| Fees for services: Other | $4,002,164 |
| Advertising and promotion | $5,623,448 |
| Office expenses | $4,224,846 |
| Information technology | $4,794,496 |
| Royalties | $0 |
| Occupancy | $8,390,335 |
| Travel | $2,112,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,733 |
| Interest | $9,795,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,370,909 |
| Insurance | $1,963,462 |
| All other expenses | $9,313,218 |
| Total functional expenses | $274,092,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,629,013 |
| Savings and temporary cash investments | $521,025 |
| Pledges and grants receivable | $2,030,467 |
| Accounts receivable, net | $13,370,937 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $832,050 |
| Prepaid expenses and deferred charges | $1,295,624 |
| Net Land, buildings, and equipment | $182,129,373 |
| Investments—publicly traded securities | $91,050,777 |
| Investments—other securities | $16,958,427 |
| Investments—program-related | $9,027,592 |
| Intangible assets | $0 |
| Other assets | $35,820,284 |
| Total assets | $364,665,569 |
| Accounts payable and accrued expenses | $9,570,048 |
| Grants payable | $2,367,507 |
| Deferred revenue | $5,732,894 |
| Tax-exempt bond liabilities | $111,301,043 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,175,010 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,339,678 |
| Total liabilities | $189,486,180 |
| Net assets without donor restrictions | $90,406,661 |
| Net assets with donor restrictions | $84,772,728 |
| 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 | $364,665,569 |