Totals
- Total revenue
- $146,285,348
- Total expenses
- $144,377,037
- Contributions and grants received
- $10,179,146
- Grants paid
- $59,059,736
- Program service revenue
- $124,116,183
- Investment income
- $2,273,624
- Other revenue
- $9,716,395
- Total assets, end of year
- $238,219,467
- Total liabilities, end of year
- $60,198,825
- Net assets or fund balances, end of year
- $178,020,642
- Program services expenses (Part IX)
- $130,966,464
- Management and general expenses
- $12,315,166
- Fundraising expenses
- $1,095,407
- Program service expenses (Part III)
- $130,966,464
Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$27,167
-
1e · Government grants (contributions)
$5,738,877
-
1f · All other contributions, gifts and grants
$4,413,102
-
1g · Noncash contributions included above
$2,894,744
-
2a · Program service revenue: TUITION AND FEES
total $108,262,083 · related or exempt $108,262,083
-
2b · Program service revenue: DORMITORIES
total $7,372,280 · related or exempt $7,372,280
-
2c · Program service revenue: DINING HALLS
total $5,945,419 · related or exempt $5,945,419
-
2d · Program service revenue: MISCELLANEOUS AUXILIARY
total $1,944,029 · related or exempt $1,578,384 · unrelated business $365,645
-
2e · Program service revenue: CAMPUS STORE
total $479,041 · related or exempt $479,041
-
2f · All other program service revenue
total $113,331 · related or exempt $113,331 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,346,257 · unrelated business $26,305 · excluded $2,319,952
-
6a · Gross rents
real property $168,316
-
6b · Less rental expenses
real property $89,852
-
6c · Rental income or loss
real property $78,464 · personal property $0
-
6d · Net rental income or loss
total $78,464 · excluded $78,464
-
7a · Gross sales of assets other than inventory
securities $14,611,444
-
7b · Less cost or other basis and sales expenses
securities $14,684,077
-
7c · Gain or loss
securities -$72,633 · other assets $0
-
7d · Net gain or loss
total -$72,633 · excluded -$72,633
-
8a · Fundraising events: gross income
$40,342
-
8a · Fundraising events: contributions included on line 1c
$27,167
-
8b · Fundraising events: direct expenses
$65,113
-
8c · Net income from fundraising events
total -$24,771 · excluded -$24,771
-
11a · Other revenue: Horse Farm Income
total $1,687,951 · related or exempt $1,687,951
-
11b · Other revenue: MTM Pharmacy CONSULTING
total $463,594 · related or exempt $463,594
-
11c · Other revenue: All Hazards Training Center
total $1,944,029 · related or exempt $1,944,029
-
11d · All other revenue
total $5,567,128 · related or exempt $5,567,128 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$9,662,702
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $59,059,736 · program services $59,059,736
-
5 · Compensation of officers, directors and key employees
total $1,429,530 · management and general $1,429,530
-
6 · Compensation of disqualified persons
total $78,520 · management and general $78,520
-
7 · Other salaries and wages
total $37,153,452 · program services $32,732,023 · management and general $3,758,532 · fundraising $662,897
-
8 · Pension plan contributions
total $722,874 · program services $528,504 · management and general $187,211 · fundraising $7,159
-
9 · Other employee benefits
total $6,955,391 · program services $6,189,960 · management and general $617,751 · fundraising $147,680
-
10 · Payroll taxes
total $2,536,387 · program services $2,111,821 · management and general $386,800 · fundraising $37,766
-
11b · Fees: legal
total $91,927 · management and general $91,927
-
11c · Fees: accounting
total $114,540 · management and general $114,540
-
11f · Fees: investment management
total $385,228 · program services $39,167 · management and general $338,348 · fundraising $7,713
-
11g · Fees: other
total $5,172,555 · program services $4,749,945 · management and general $371,575 · fundraising $51,035
-
12 · Advertising and promotion
total $542,334 · program services $385,228 · management and general $155,082 · fundraising $2,024
-
13 · Office expenses
total $5,996,941 · program services $5,337,570 · management and general $621,553 · fundraising $37,818
-
14 · Information technology
total $2,124,465 · program services $1,925,908 · management and general $108,008 · fundraising $90,549
-
16 · Occupancy
total $2,824,518 · program services $2,194,612 · management and general $628,414 · fundraising $1,492
-
17 · Travel
total $3,518,176 · program services $3,214,111 · management and general $254,791 · fundraising $49,274
-
19 · Conferences, conventions and meetings
total $28,898 · management and general $28,898
-
20 · Interest
total $2,037,029 · program services $888,145 · management and general $1,148,884
-
22 · Depreciation, depletion and amortization
total $6,211,080 · program services $5,250,263 · management and general $960,817
-
23 · Insurance
total $848,180 · program services $181,330 · management and general $666,850
-
24a · Other expenses: Contract Food Services
total $4,167,441 · program services $4,167,441
-
24b · Other expenses: Purchase for Resale
total $843,976 · program services $760,197 · management and general $83,779
-
24c · Other expenses: Repairs and Maintenance
total $1,345,504 · program services $1,119,464 · management and general $226,040
-
24d · Other expenses: Bad Debt Expense
total $107,100 · program services $107,100
-
24e · All other expenses
total $81,255 · program services $23,939 · management and general $57,316 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,326,935 · end of year $4,450,233
-
2 · Savings and temporary cash investments
beginning of year $15,773,595 · end of year $11,796,060
-
3 · Pledges and grants receivable
beginning of year $4,449,145 · end of year $4,162,803
-
4 · Accounts receivable
beginning of year $1,984,194 · end of year $2,573,216
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,361,249 · end of year $801,903
-
8 · Inventories for sale or use
beginning of year $395,721 · end of year $530,503
-
9 · Prepaid expenses and deferred charges
beginning of year $1,719,263 · end of year $1,907,823
-
10a · Land, buildings and equipment: cost or other basis
$235,404,767
-
10b · Land, buildings and equipment: accumulated depreciation
$88,298,591
-
10c · Land, buildings and equipment, net
beginning of year $146,762,135 · end of year $147,106,176
-
11 · Investments: publicly traded securities
beginning of year $38,640,368 · end of year $40,610,304
-
12 · Investments: other securities
beginning of year $17,258,047 · end of year $15,362,119
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $5,269,983 · end of year $8,918,327
-
17 · Accounts payable and accrued expenses
beginning of year $9,519,484 · end of year $9,903,350
-
19 · Deferred revenue
beginning of year $3,323,180 · end of year $3,852,118
-
20 · Tax-exempt bond liabilities
beginning of year $43,389,607 · end of year $42,161,660
-
21 · Escrow or custodial account liability
beginning of year $2,119,668 · end of year $2,195,236
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $2,358,991 · end of year $1,795,995
-
25 · Other liabilities
beginning of year $805,113 · end of year $290,466
-
27 · Net assets without donor restrictions
beginning of year $109,318,214 · end of year $110,180,190
-
28 · Net assets with donor restrictions
beginning of year $66,106,378 · end of year $67,840,452
Mission and programs · 2022
Mission
The mission of The University of Findlay is to equip our students for meaningful lives and productive careers.
-
UNIVERSITY OF FINDLAY IS A COMPREHENSIVE, PRIVATE UNIVERSITY THAT OFFERS BOTH UNDERGRADUATE AND GRADUATE STUDIES AND IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. UNIVERSITY OF FINDLAY OFFERS MORE THAN 44 AREAS OF UNDERGRADUATE STUDY AND HAS A CURRENT UNDERGRADUATE ENROLLMENT OF NEARLY 2,266 STUDENTS. SOME OF THE MORE POPULAR UNDERGRADUATE PROGRAMS INCLUDE: BUSINESS (301 STUDENTS), EDUCATION (166 STUDENTS), HEALTH PROFESSIONS (404 STUDENTS), PHARMACY (146 STUDENTS), LIBERAL ARTS (234 STUDENTS), NATURAL SCIENCE (971 STUDENTS) AND OTHER (44 STUDENTS). MANY OF THE UNIVERSITY'S PROGRAMS HAVE A NATIONAL REPUTATION INCLUDING PRE-VETERINARY MEDICINE AND EQUESTRIAN STUDIES. UNIVERSITY OF FINDLAY OFFERS A VARIETY OF GRADUATE PROGRAMS INCLUDING: MASTERS OF BUSINESS (201 STUDENTS), EDUCATION (167 STUDENTS), HEALTH PROFESSIONS SUCH AS PHYSICAL THERAPY, OCCUPATIONAL THERAPY, ATHLETIC TRAINING, PHYSICIAN ASSISTANT, AND HEALTH INFORMATICS (481 STUDENTS), PHARMACY (112 STUDENTS), LIBERAL STUDIES (40 STUDENTS) AND SCIENCE (127 STUDENTS). TOTAL GRADUATE STUDENTS CURRENTLY ENROLLED ARE MORE THAN 1,128.
Expenses $123,003,186 · Grants $59,059,736 · Revenue $119,868,814
-
UNIVERSITY OF FINDLAY HAS MANY AUXILIARY DEPARTMENTS THAT PROVIDE SERVICES TO THEIR STUDENTS, THESE AUXILIARY DEPARTMENTS INCLUDE DORMITORIES FOR STUDENT LIVING, DINING HALLS, CAMPUS STORES FOR STUDENTS AND THE UNIVERSITY'S ON-CAMPUS VETERINARY CLINIC.
Expenses $7,963,278 · Revenue $13,544,426
As filed on the 2022 return.
Listed in Part VII
-
Chris Ostrander
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Michael Harrington
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Angela Briggs
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Angela Brown
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bill Kose
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bill Reist
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Billy Watterson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brant Rhoad
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brian Partee
- Total calculated
- $0
- Hours/week
- 1
-
Brian Young
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charles Bills
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Buckland
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Chuck Daniels
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Clifford Cook
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Craig Crotteau
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dan Kennard
Trustee (Termed May 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Don Manley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Smith
Trustee (Termed Feb 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Joey Huang
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kolleen Kirk
Trustee (Termed May 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Lance Finley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Vignerot
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Child
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marian Lowe
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Duflock
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Pamela Beall
Trustee (Termed May 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Paul Palmer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Phil Kortokrax
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Philip Scott
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Renee Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Payne
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tim Nesler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tod Beckett
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tom Reineke
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth B Ditto
Executive Assistant to the President / Secretary
- Total calculated
- $78,729
- From this org
- $62,409
- From related orgs
- $0
- Other
- $16,320
- Hours/week
- 40
-
Katherine R Fell
President
- Total calculated
- $407,864
- From this org
- $339,045
- From related orgs
- $0
- Other
- $68,819
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $277,804
- Bonus
- $0
- Other
- $61,241
- Deferred
- $8,774
- Nontaxable benefits
- $60,045
- Filer's total
- $407,864
-
Kimberly Williams
Treasurer / CFO
- Total calculated
- $126,417
- From this org
- $114,073
- From related orgs
- $0
- Other
- $12,344
- Hours/week
- 40
-
Darin Fields
VP of Academic Affairs
- Total calculated
- $212,815
- From this org
- $186,786
- From related orgs
- $0
- Other
- $26,029
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,492
- Bonus
- $0
- Other
- $294
- Deferred
- $4,659
- Nontaxable benefits
- $21,370
- Filer's total
- $212,815
-
Marcia Latta
VP of University Advancement
- Total calculated
- $224,046
- From this org
- $207,857
- From related orgs
- $0
- Other
- $16,189
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,022
- Bonus
- $0
- Other
- $6,835
- Deferred
- $4,917
- Nontaxable benefits
- $11,272
- Filer's total
- $224,046
-
Raymond McCandless
VP of Information Technology
- Total calculated
- $175,778
- From this org
- $150,765
- From related orgs
- $0
- Other
- $25,013
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,893
- Bonus
- $0
- Other
- $1,872
- Deferred
- $3,788
- Nontaxable benefits
- $21,225
- Filer's total
- $175,778
-
Brandi Laurita
Vice President for Student Affairs and Athletics
- Total calculated
- $158,252
- From this org
- $142,577
- From related orgs
- $0
- Other
- $15,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,661
- Bonus
- $0
- Other
- $3,916
- Deferred
- $3,486
- Nontaxable benefits
- $12,189
- Filer's total
- $158,252
-
Brandon Heidepriem
Assistant VP of Information Technology Services
- Total calculated
- $164,052
- From this org
- $134,380
- From related orgs
- $0
- Other
- $29,672
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,300
- Bonus
- $0
- Other
- $1,080
- Deferred
- $3,414
- Nontaxable benefits
- $26,258
- Filer's total
- $164,052
-
Debra Parker
Dean, College of Pharmacy
- Total calculated
- $231,622
- From this org
- $205,576
- From related orgs
- $0
- Other
- $26,046
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,576
- Bonus
- $0
- Other
- $0
- Deferred
- $5,127
- Nontaxable benefits
- $20,919
- Filer's total
- $231,622
-
Lori Ernsthausen
Associate Professor and Associate Dean
- Total calculated
- $167,480
- From this org
- $136,592
- From related orgs
- $0
- Other
- $30,888
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,592
- Bonus
- $0
- Other
- $0
- Deferred
- $3,486
- Nontaxable benefits
- $27,402
- Filer's total
- $167,480
-
Ryan Schneider
Assoc. Professor, Assoc. Dean, and Dept. Chair
- Total calculated
- $156,652
- From this org
- $143,441
- From related orgs
- $0
- Other
- $13,211
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,111
- Bonus
- $0
- Other
- $330
- Deferred
- $3,486
- Nontaxable benefits
- $9,725
- Filer's total
- $156,652
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Travel for companions
- THE PRESIDENT'S SPOUSE ACCOMPANIES HER ON EVENTS DEEMED TO BE A BONA FIDE BUSINESS PURPOSE FOR THE UNIVERSITY. AS SUCH, THESE ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT.
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- The president is required to live on campus as a condition of employment. This benefit is considered nontaxable pursuant to IRC Section 119. An estimated value of the benefit was reported for the President in the amount of $36,000.
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- THE UNIVERSITY PAYS FOR THE DUES AND HOSPITALITY EXPENSES AT THE FINDLAY COUNTRY CLUB FOR THE PRESIDENT, VP OF BUSINESS AFFAIRS, VP OF UNIVERSITY ADVANCEMENT, AND ATHLETIC DIRECTOR TO CULTIVATE POTENTIAL DONORS. A PORTION OF THIS BENEFIT IS DEEMED TO BE FOR BUSINESS USE AND IS TREATED AS NONTAXABLE COMPENSATION. A SEPARATE PORTION OF THIS BENEFIT IS DEEMED TO BE FOR PERSONAL USE AND IS TREATED AS TAXABLE COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MILLSIX COMPANY
S Corporation · REAL ESTATE RENTAL · OH · 100% owned · share of income $521 · share of assets $28,482 · controlled entity
Directly controlled by UNIVERSITY OF FINDLAY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401509349300145
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