Hope International University
- Assets
- $37.6m
- Revenue
- $28.8m
- Investments
- $318.8k
- Employees
- 596
- Location
- Fullerton, CA
- Founding
- 02/1948
- Data as of
- 05/2021
- EIN
- 95-1916051
Organization Overview
Hope International University is located in Fullerton, CA. The organization was established in 1948. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2021, Hope International University employed 596 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope International 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 05/2021, Hope International University generated $28.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $29.4m during the year ending 05/2021. While expenses have increased by 0.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING STUDENTS THROUGH CHRISTIAN HIGHER EDUCATION TO SERVE THE CHURCH & WORLD FOR CHRIST.
Describe the Organization's Program Activity:
HOPE INTERNATIONAL UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY MAINTAINS A CLOSE AFFILIATION WITH INDEPENDENT NON-DENOMINATIONAL CHRISTIAN CHURCHES AND CHURCHES OF CHRIST. FOUNDED IN 1928, HIU HAS EXPANDED ITS EDUCATIONAL OFFERINGS TO INCLUDE DEGREE PROGRAMS THROUGH FIVE COLLEGES. IN 2020, HIU SERVED 1,530 UNDERGRADUATE AND GRADUATE STUDENTS IN DEGREE AND CERTIFICATE PROGRAMS PROVIDED BOTH ON-GROUND AND ONLINE THROUGH THE CAMPUS IN SOUTHERN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Paul President | Officer | 40 | $188,016 |
Mcglinchey Thomas VP For Business & Finance | Officer | 40 | $174,205 |
Mulryan Michael VP For Institutional Adv. | 40 | $137,250 | |
Woest James Chief Academic Advisor | 40 | $131,500 | |
Smith Teresa VP For Enrollment | 40 | $124,104 | |
Steele Laura Dean - School Of Psychology | 40 | $123,655 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Provider Contract Foodservice Inc Food Services | 5/30/21 | $501,884 |
Dc Construction & Concrete Construction Services | 5/30/21 | $1,464,958 |
Payne's Janitorial Services Inc Janitorial Services | 5/30/21 | $236,032 |
Enrollment Fuel Llc Enrollment Recruiting | 5/30/21 | $252,969 |
Bsn Sports Llc Uniform Sales And Monogramming | 5/30/21 | $120,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,037,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,508,171 |
| Noncash contributions included in lines 1a–1f | $680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,545,353 |
| Total Program Service Revenue | $24,179,281 |
| Investment income | $202,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$156,208 |
| Net Income from Fundraising Events | $25,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,796,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,321,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $516,350 |
| Compensation of current officers, directors, key employees. | $264,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,696,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,061,569 |
| Payroll taxes | $657,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,081 |
| Fees for services: Accounting | $65,044 |
| Fees for services: Lobbying | $1,778 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,664 |
| Fees for services: Other | $885,268 |
| Advertising and promotion | $622,977 |
| Office expenses | $547,409 |
| Information technology | $336,679 |
| Royalties | $0 |
| Occupancy | $2,480,560 |
| Travel | $207,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,023,609 |
| Insurance | $174,576 |
| All other expenses | $357,973 |
| Total functional expenses | $29,419,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,675,411 |
| Savings and temporary cash investments | $1,074,682 |
| Pledges and grants receivable | $329,835 |
| Accounts receivable, net | $387,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,600 |
| Prepaid expenses and deferred charges | $208,078 |
| Net Land, buildings, and equipment | $12,924,956 |
| Investments—publicly traded securities | $6,082,421 |
| Investments—other securities | $318,779 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,573,692 |
| Total assets | $37,606,706 |
| Accounts payable and accrued expenses | $1,454,544 |
| Grants payable | $0 |
| Deferred revenue | $161,834 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,580,834 |
| Unsecured mortgages and notes payable | $2,050,289 |
| Other liabilities | $4,300,010 |
| Total liabilities | $25,547,511 |
| Net assets without donor restrictions | $1,223,129 |
| Net assets with donor restrictions | $10,836,066 |
| 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 | $37,606,706 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hope International University has recieved totaling $1,118.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $800 |
Pentz Family Foundation Atlanta, GA PURPOSE: GENERAL PURPOSE | $258 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Endowment Analysis
| Beg. Balance | $8,816,510 |
| Earnings | $1,243,080 |
| Net Contributions | $3,895 |
| Grants | $533,260 |
| Ending Balance | $9,530,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Saint Marys University Los Angeles, CA | $325,045,397 | $120,464,265 |
George Fox University Newberg, OR | $236,953,683 | $138,957,860 |
Hawaii Pacific University Honolulu, HI | $252,023,622 | $108,453,356 |
Concordia University Irvine, CA | $216,619,359 | $134,293,913 |
Whittier College Whittier, CA | $322,047,237 | $96,024,170 |
Claremont Graduate University Claremont, CA | $282,759,045 | $94,587,172 |
Soka University Of America Aliso Viejo, CA | $1,933,834,260 | $62,118,050 |
Fresno Pacific University Fresno, CA | $60,393,077 | $83,753,327 |
Mills College Oakland, CA | $350,121,466 | $66,976,273 |
La Sierra University Riverside, CA | $224,274,397 | $79,132,443 |
Cal Poly Corporation San Luis Obispo, CA | $221,621,500 | $66,523,157 |
Chaminade University Of Honolulu Honolulu, HI | $103,384,806 | $64,562,356 |