Azusa Pacific University
- Assets
- $352.2m
- Revenue
- $298.1m
- Investments
- $15.1m
- Employees
- 5,067
- Location
- Azusa, CA
- Founding
- 04/1946
- Data as of
- 06/2020
- 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 06/2020, Azusa Pacific University employed 5,067 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, Azusa Pacific University generated $298.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $304.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 years. 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 ADVANCE THE WORK OF GOD IN THE WORLD THROUGH ACADEMIC EXCELLENCE IN HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, 8 DOCTORAL PROGRAMS, AND 2 ASSOCIATE'S DEGREES, THE UNIVERSITY OFFERS ITS MORE THAN 9,900 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 |
|---|---|---|---|
Jon R Wallace Former President & Trustee | 0 | $895,417 | |
Dr David Bixby Exec VP Advancement | 40 | $303,632 | |
Dr Paul Ferguson President & Trustee | OfficerTrustee | 40 | $273,721 |
Dr Mark Stanton Provost (part Year) | Officer | 40 | $227,849 |
Mark S Dickerson Counsel To The President (part Year) | Officer | 40 | $224,853 |
Dr Anita Fitzgerald Henck Dean - School Of Education | Officer | 40 | $198,507 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omninet Mission Center Llc Property Leasing Agent | 6/29/20 | $1,434,814 |
Foothill Technology Center Llc Property Leasing Agent | 6/29/20 | $932,511 |
Bon Appetit Professional Services | 6/29/20 | $3,881,680 |
Media Eye Inc Advertising & Media | 6/29/20 | $1,028,642 |
Hmc Construction Inc General Contractor | 6/29/20 | $3,788,848 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $925,563 |
| Related organizations | $0 |
| Government grants | $7,712,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,654,917 |
| Noncash contributions included in lines 1a–1f | $427,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,293,298 |
| Total Program Service Revenue | $284,612,121 |
| Investment income | $210,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $642,273 |
| Net Gain/Loss on Asset Sales | -$3,605,080 |
| Net Income from Fundraising Events | -$75,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,077,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,328,188 |
| Grants and other assistance to Foreign Orgs/Individuals | $839,743 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,560,507 |
| Compensation of current officers, directors, key employees. | $2,316,802 |
| Compensation to disqualified persons | $1,183,278 |
| Other salaries and wages | $114,793,624 |
| Pension plan accruals and contributions | $2,849,977 |
| Other employee benefits | $17,432,072 |
| Payroll taxes | $8,121,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,261,908 |
| Fees for services: Accounting | $118,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,500 |
| Fees for services: Investment Management | $296,539 |
| Fees for services: Other | $3,318,825 |
| Advertising and promotion | $6,895,241 |
| Office expenses | $5,047,876 |
| Information technology | $5,258,823 |
| Royalties | $0 |
| Occupancy | $9,620,418 |
| Travel | $2,771,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,739 |
| Interest | $10,495,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,943,333 |
| Insurance | $2,415,500 |
| All other expenses | $6,066,470 |
| Total functional expenses | $304,587,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,957 |
| Savings and temporary cash investments | $21,626,826 |
| Pledges and grants receivable | $605,833 |
| Accounts receivable, net | $19,456,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,293,580 |
| Prepaid expenses and deferred charges | $1,577,188 |
| Net Land, buildings, and equipment | $194,633,401 |
| Investments—publicly traded securities | $83,817,445 |
| Investments—other securities | $15,118,729 |
| Investments—program-related | $9,512,900 |
| Intangible assets | $0 |
| Other assets | $4,502,271 |
| Total assets | $352,158,662 |
| Accounts payable and accrued expenses | $13,774,207 |
| Grants payable | $3,748,485 |
| Deferred revenue | $13,582,701 |
| Tax-exempt bond liabilities | $119,120,766 |
| 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 | $41,946,616 |
| Total liabilities | $192,172,775 |
| Net assets without donor restrictions | $89,770,969 |
| Net assets with donor restrictions | $70,214,918 |
| 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 | $352,158,662 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Azusa Pacific University has recieved totaling $424,162.
| Awarding Organization | Amount |
|---|---|
John Stauffer Charitable Trust Pasadena, CA PURPOSE: ENDOWMENT FOR SUMMER RESEARCH PROGRAM IN CHEMISTRY AND BIOCHEMISTRY. | $250,000 |
Paul K Richter Memorial Fund Providence, RI PURPOSE: UNRESTRICTED GENERAL | $70,000 |
Wynn Foundation Los Angeles, CA PURPOSE: MAINTENANCE OF WYNN ACADEMIC CENTER. | $40,000 |
Butterfield Memorial Foundation Oklahoma City, OK PURPOSE: SPIRITUAL CARE | $32,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,644 |
Hobart W And C Faulkner Foundation Phoenix, AZ PURPOSE: EDUCATION | $8,818 |
Endowment Analysis
| Beg. Balance | $79,262,646 |
| Earnings | -$673,354 |
| Net Contributions | $683,708 |
| Grants | $2,350,064 |
| Ending Balance | $76,922,936 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
Loyola Marymount University Los Angeles, CA | $1,440,707,978 | $556,313,636 |
Chapman University Orange, CA | $1,605,493,045 | $623,060,469 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,391,705,262 | $550,696,402 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
University Of San Francisco San Francisco, CA | $1,504,911,825 | $571,770,890 |
University Of The Pacific Stockton, CA | $1,134,390,428 | $460,359,740 |
Loma Linda University Loma Linda, CA | $1,680,846,175 | $284,623,400 |
Loma Linda University Shared Services Loma Linda, CA | $297,987,875 | $307,068,442 |
Azusa Pacific University Azusa, CA | $352,158,662 | $298,077,591 |
National University La Jolla, CA | $1,273,278,667 | $550,478,609 |
University Of Portland Portland, OR | $637,956,444 | $243,526,883 |