William Carey International University
- Assets
- $46.1m
- Revenue
- $3.4m
- Investments
- $19.6m
- Employees
- 44
- Location
- Pasadena, CA
- Founding
- 10/1977
- Data as of
- 06/2020
- EIN
- 95-3156658
Organization Overview
William Carey International University is located in Pasadena, CA. The organization was established in 1977. 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, William Carey International University employed 44 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, William Carey International University generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2020. 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
THE MISSION OF WCIU IS TO PROVIDE INNOVATIVE DISTANCE EDUCATION PROGRAMS TO ENHANCE THE EFFECTIVENESS OF SCHOLAR PRACTITIONERS AS THEY SERVE WITH OTHERS TO DEVELOP TRANSFORMATIONAL SOLUTIONS TO THE ROOTS OF HUMAN PROBLEMS AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUXILIARY SERVICES INCLUDE HOUSING SERVICES FOR UNIVERSITY STAFF, STAFF OF AFFILIATED ORGANIZATIONS AND, AS NEEDED, FOR STUDENTS.
WILLIAM CAREY INTERNATIONAL UNIVERSITY (WCIU) OFFERS ONLINE GRADUATE LEVEL PROGRAMS IN DEVELOPMENT STUDIES TO PROVIDE STUDENTS WITH AN INTERDISCIPLINARY EDUCATION FOCUSED ON ADDRESSING CRITICAL ISSUES IN DEVELOPING REGIONS OF THE WORLD. WCIU IS ACCREDITED BY THE DISTANCE EDUCATION ACCREDITING COMMISSION (DEAC). ENROLLMENT AS OF THE END OF THE FISCAL YEAR WAS 33 STUDENTS. THIS REPRESENTS 20 PH.D. STUDENTS AND 13 M.A. STUDENTS. THE UNIVERSITYS STUDENT BODY IS PRIMARILY REPRESENTED BY INDIVIDUALS WHO ARE CURRENTLY ENGAGED WITH NON-GOVERNMENTAL ORGANIZATIONS (NGOS) AND INTERNATIONAL DEVELOPMENT AGENCIES LOCATED MOSTLY IN DEVELOPING COUNTRIES.
AUXILIARY SERVICES INCLUDE HOUSING SERVICES FOR UNIVERSITY STAFF, STAFF OF AFFILIATED ORGANIZATIONS AND, AS NEEDED, FOR STUDENTS.
WILLIAM CAREY INTERNATIONAL UNIVERSITY (WCIU) OFFERS ONLINE GRADUATE LEVEL PROGRAMS IN DEVELOPMENT STUDIES TO PROVIDE STUDENTS WITH AN INTERDISCIPLINARY EDUCATION FOCUSED ON ADDRESSING CRITICAL ISSUES IN DEVELOPING REGIONS OF THE WORLD. WCIU IS ACCREDITED BY THE DISTANCE EDUCATION ACCREDITING COMMISSION (DEAC). ENROLLMENT AS OF THE END OF THE FISCAL YEAR WAS 33 STUDENTS. THIS REPRESENTS 20 PH.D. STUDENTS AND 13 M.A. STUDENTS. THE UNIVERSITYS STUDENT BODY IS PRIMARILY REPRESENTED BY INDIVIDUALS WHO ARE CURRENTLY ENGAGED WITH NON-GOVERNMENTAL ORGANIZATIONS (NGOS) AND INTERNATIONAL DEVELOPMENT AGENCIES LOCATED MOSTLY IN DEVELOPING COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Soderling Chairman | OfficerTrustee | 3 | $0 |
Kevin Higgins President | OfficerTrustee | 40 | $0 |
Harold Lee Purgason Jr Secretary/tres. | OfficerTrustee | 3 | $0 |
Kerry Jones Interm COO | Officer | 20 | $0 |
Mark Harris CFO | Officer | 25 | $0 |
Greg Parsons Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Matkins Leck Gamble Mallory Natsis Llp Attorney | 6/29/19 | $260,813 |
Rk Capital Group Llc Real Estate Agent | 6/29/19 | $202,851 |
Accounting Managment Inc Accounting | 6/29/19 | $184,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,670 |
| Total Program Service Revenue | $43,060 |
| Investment income | $1,062,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,998,889 |
| Net Gain/Loss on Asset Sales | -$92,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,448,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,508,004 |
| Grants and other assistance to domestic individuals. | $11,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $32,335 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,072,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $70,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,360 |
| Fees for services: Accounting | $210,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,266 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $372,256 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,268 |
| Interest | $53,541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,120 |
| Insurance | $322,029 |
| All other expenses | $108,058 |
| Total functional expenses | $4,807,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248,791 |
| Savings and temporary cash investments | $949,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,152 |
| Net Land, buildings, and equipment | $6,596,760 |
| Investments—publicly traded securities | $17,585,497 |
| Investments—other securities | $19,573,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,289 |
| Total assets | $46,127,940 |
| Accounts payable and accrued expenses | $452,749 |
| Grants payable | $0 |
| Deferred revenue | $20,855 |
| 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 | $827,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $331,398 |
| Total liabilities | $1,632,826 |
| Net assets without donor restrictions | $44,338,320 |
| Net assets with donor restrictions | $156,794 |
| 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 | $46,127,940 |
Grants Awarded
Over the last fiscal year, William Carey International University has awarded $3,016,008 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA | | $1,444,004 |
Pasadena, CA | | $1,444,004 |
Bakersfield, CA | | $26,000 |
Bakersfield, CA | | $26,000 |
Lawrenceville, GA | | $25,000 |
Lawrenceville, GA | | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William Carey International University has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Gordon Christian Trust Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $41,153,206 |
| Earnings | $1,063,943 |
| Other Expense | $4,058,206 |
| Ending Balance | $38,158,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
National University Of Natural Medicine Portland, OR | $25,688,648 | $20,204,653 |
Warner Pacific University Portland, OR | $32,436,342 | $17,301,001 |
John F Kennedy University Pleasant Hill, CA | $21,257,751 | $18,517,005 |
Campus Research Corporation Tucson, AZ | $45,214,446 | $15,415,451 |
California State University East Bay Foundation Inc Hayward, CA | $28,615,758 | $13,457,342 |
International Technological University Foundation Santa Clara, CA | $6,167,910 | $6,823,915 |
Sonoma State Enterprises Inc Rohnert Park, CA | $12,841,699 | $9,321,158 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $20,470,460 | $14,261,378 |
Humboldt State University Center Board Of Director Arcata, CA | $13,897,842 | $8,024,731 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
University Of The West Rosemead, CA | $32,158,290 | $8,540,405 |