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Nonprofiteer
← MIDWEST UNIVERSITY

Form 990 for tax year 2022

Filed by MIDWEST UNIVERSITY.

Totals

Total revenue
$2,646,109
Total expenses
$1,932,474
Contributions and grants received
$131,996
Grants paid
$0
Program service revenue
$2,334,047
Investment income
$23,206
Other revenue
$156,860
Total assets, end of year
$3,304,495
Total liabilities, end of year
$764,176
Net assets or fund balances, end of year
$2,540,319
Program services expenses (Part IX)
$972,268
Management and general expenses
$909,922
Fundraising expenses
$50,284
Program service expenses (Part III)
$972,268

Program services were 50.3% 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.

  • 1f · All other contributions, gifts and grants

    $131,996

  • 2a · Program service revenue: TUITION AND FEES

    total $2,067,613 · related or exempt $2,067,613

  • 2b · Program service revenue: STUDENT HOUSING FEES

    total $204,894 · related or exempt $204,894

  • 2c · Program service revenue: GRADUATION FEES

    total $61,540 · related or exempt $61,540

  • 3 · Investment income

    total $23,897 · excluded $23,897

  • 7b · Less cost or other basis and sales expenses

    other assets $691

  • 7c · Gain or loss

    other assets -$691

  • 7d · Net gain or loss

    total -$691 · excluded -$691

  • 11a · Other revenue: MISCELLANEOUS

    total $156,860 · excluded $156,860

  • 11e · Other revenue, total

    $156,860

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $133,800 · program services $30,880 · management and general $80,790 · fundraising $22,130

  • 7 · Other salaries and wages

    total $604,351 · program services $203,820 · management and general $391,452 · fundraising $9,079

  • 10 · Payroll taxes

    total $47,505 · program services $23,016 · management and general $22,482 · fundraising $2,007

  • 11b · Fees: legal

    total $8,415 · management and general $8,415

  • 11c · Fees: accounting

    total $24,500 · management and general $24,500

  • 11g · Fees: other

    total $13,868 · program services $6,185 · management and general $7,683

  • 12 · Advertising and promotion

    total $16,404 · program services $9,842 · management and general $2,461 · fundraising $4,101

  • 13 · Office expenses

    total $133,268 · program services $57,881 · management and general $69,961 · fundraising $5,426

  • 16 · Occupancy

    total $292,734 · program services $149,102 · management and general $143,632

  • 19 · Conferences, conventions and meetings

    total $58,833 · program services $28,580 · management and general $22,712 · fundraising $7,541

  • 22 · Depreciation, depletion and amortization

    total $9,625 · program services $6,737 · management and general $2,888

  • 23 · Insurance

    total $25,390 · program services $12,944 · management and general $12,446

  • 24a · Other expenses: CONTRACTED SERVICES

    total $391,365 · program services $391,365

  • 24b · Other expenses: DONATION

    total $120,500 · management and general $120,500

  • 24c · Other expenses: STUDENT SERVICES

    total $39,505 · program services $39,505

  • 24d · Other expenses: GRADUATION

    total $7,735 · program services $7,735

  • 24e · All other expenses

    total $4,676 · program services $4,676

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,718,365 · end of year $980,218

  • 2 · Savings and temporary cash investments

    end of year $1,423,717

  • 3 · Pledges and grants receivable

    beginning of year $149,679 · end of year $131,771

  • 4 · Accounts receivable

    beginning of year $22,918 · end of year $14,446

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,087 · end of year $1,087

  • 10a · Land, buildings and equipment: cost or other basis

    $1,680,798

  • 10b · Land, buildings and equipment: accumulated depreciation

    $939,621

  • 10c · Land, buildings and equipment, net

    beginning of year $172,972 · end of year $741,177

  • 15 · Other assets

    beginning of year $12,079 · end of year $12,079

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,513 · end of year $21,496

  • 19 · Deferred revenue

    beginning of year $136,995 · end of year $171,138

  • 25 · Other liabilities

    beginning of year $10,908 · end of year $571,542

  • 27 · Net assets without donor restrictions

    beginning of year $1,677,005 · end of year $2,400,402

  • 28 · Net assets with donor restrictions

    beginning of year $149,679 · end of year $139,917

Mission and programs · 2022

Mission

CHRISTIAN INSTITUTION OF HIGHER LEARNING DEDICATED TO THE EXPLORATION, DISCERNMENT, SUSTENTATION, AND DISSEMINATION OF GOD'S TRUTH. MIDWEST IS COMMITTEED TO EXCELLENCE IN EDUCATION ENCOURAGING STUDENTS TO COMPREHENSIVELY CONSIDER GOD'S WORD AND WORK TO EVALUATE PERSONAL VOCATIONAL MINISTRIES, AND TO ASSUME CHRISTIAN GLOBAL RESPONSIBILITIES.

  • MIDWEST UNIVERSITY OFFERS BACHELOR, MASTER, AND DOCTOR DEGREES IN THEOLOGY, BUSINESS ADMINISTRATION, MUSIC, AVIATION MANAGEMENT, COUNSELING, EDUCATION AND LEADERSHIP.

    Expenses $972,268 · Revenue $2,334,047

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Stephen Combs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Bryan Spencer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Dae Hyuk Kang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jeff Davidson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Earl Haskins

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • Lindell Shumake

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • Min Sung Kim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Richard West

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Dr James Song

    UNIVERSITY PRESIDENT

    Total calculated
    $85,700
    From this org
    $85,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Incheol Jang

    DIRECTOR OF FINANCE

    Total calculated
    $43,700
    From this org
    $43,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
26 September 2023
IRS schema version
2022v5.0
Source object
202342719349300234

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