Skip to content
Nonprofiteer
← HUNTINGTON UNIVERSITY INC

Form 990 for tax year 2023

Filed by HUNTINGTON UNIVERSITY INC.

Totals

Total revenue
$51,119,955
Total expenses
$53,829,914
Contributions and grants received
$10,283,208
Grants paid
$15,389,582
Program service revenue
$39,782,916
Investment income
$1,053,831
Other revenue
$0
Total assets, end of year
$101,934,591
Total liabilities, end of year
$36,140,506
Net assets or fund balances, end of year
$65,794,085
Program services expenses (Part IX)
$46,678,706
Management and general expenses
$6,179,127
Fundraising expenses
$972,081
Program service expenses (Part III)
$46,678,706

Program services were 86.7% 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.

  • 1d · Related organizations

    $10,086

  • 1e · Government grants (contributions)

    $2,558,477

  • 1f · All other contributions, gifts and grants

    $7,714,645

  • 1g · Noncash contributions included above

    $3,705,511

  • 2a · Program service revenue: TUITION AND FEES

    total $32,495,851 · related or exempt $32,495,851

  • 2b · Program service revenue: FOOD SERVICE

    total $3,029,631 · related or exempt $3,029,631

  • 2c · Program service revenue: RESIDENCE HALLS

    total $3,328,144 · related or exempt $3,328,144

  • 2d · Program service revenue: OTHER PROGRAM

    total $279,980 · related or exempt $279,980

  • 2e · Program service revenue: OTHER REVENUE

    total $649,310 · related or exempt $649,310

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $883,766 · unrelated business $8,639 · excluded $875,127

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $13,223,344

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

    securities $13,053,279

  • 7c · Gain or loss

    securities $170,065 · other assets $0

  • 7d · Net gain or loss

    total $170,065 · unrelated business $1,949 · excluded $168,116

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $15,389,582 · program services $15,389,582

  • 5 · Compensation of officers, directors and key employees

    total $576,710 · program services $150,239 · management and general $221,646 · fundraising $204,825

  • 7 · Other salaries and wages

    total $12,914,276 · program services $11,273,865 · management and general $1,284,260 · fundraising $356,151

  • 8 · Pension plan contributions

    total $543,391 · program services $440,146 · management and general $81,509 · fundraising $21,736

  • 9 · Other employee benefits

    total $3,264,109 · program services $2,739,511 · management and general $381,384 · fundraising $143,214

  • 10 · Payroll taxes

    total $930,825 · program services $753,968 · management and general $139,624 · fundraising $37,233

  • 11b · Fees: legal

    total $391,875 · management and general $391,875

  • 11c · Fees: accounting

    total $84,870 · management and general $84,870

  • 11f · Fees: investment management

    total $43,312 · management and general $43,312

  • 11g · Fees: other

    total $2,461,945 · program services $2,301,844 · management and general $160,101 · fundraising $0

  • 12 · Advertising and promotion

    total $654,621 · program services $564,782 · management and general $69,281 · fundraising $20,558

  • 13 · Office expenses

    total $926,556 · program services $854,605 · management and general $42,652 · fundraising $29,299

  • 14 · Information technology

    total $1,137,990 · program services $967,227 · management and general $116,283 · fundraising $54,480

  • 16 · Occupancy

    total $3,594,457 · program services $2,588,009 · management and general $970,503 · fundraising $35,945

  • 17 · Travel

    total $817,944 · program services $735,402 · management and general $67,422 · fundraising $15,120

  • 19 · Conferences, conventions and meetings

    total $373,701 · program services $280,502 · management and general $73,236 · fundraising $19,963

  • 20 · Interest

    total $652,107 · program services $88,694 · management and general $563,413

  • 22 · Depreciation, depletion and amortization

    total $3,232,012 · program services $2,726,551 · management and general $495,765 · fundraising $9,696

  • 23 · Insurance

    total $558,092 · program services $502,281 · management and general $55,811

  • 24a · Other expenses: Food Costs

    total $2,518,531 · program services $2,518,531

  • 24b · Other expenses: Repairs & Maintenance

    total $519,504 · program services $506,639 · management and general $8,401 · fundraising $4,464

  • 24e · All other expenses

    total $2,243,504 · program services $1,296,328 · management and general $927,779 · fundraising $19,397

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,430 · end of year $12,197

  • 2 · Savings and temporary cash investments

    beginning of year $5,592,675 · end of year $4,085,033

  • 3 · Pledges and grants receivable

    beginning of year $1,744,884 · end of year $1,756,365

  • 4 · Accounts receivable

    beginning of year $1,707,671 · end of year $430,186

  • 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 $443,573 · end of year $380,881

  • 9 · Prepaid expenses and deferred charges

    beginning of year $538,861 · end of year $694,582

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

    $121,835,073

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

    $60,266,978

  • 10c · Land, buildings and equipment, net

    beginning of year $50,773,409 · end of year $61,568,095

  • 11 · Investments: publicly traded securities

    beginning of year $24,027,747 · end of year $23,460,181

  • 12 · Investments: other securities

    beginning of year $1,339,743 · end of year $1,483,451

  • 13 · Investments: program-related

    beginning of year $3,499,908 · end of year $3,499,908

  • 15 · Other assets

    beginning of year $5,151,250 · end of year $4,563,712

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,425,167 · end of year $2,978,433

  • 19 · Deferred revenue

    beginning of year $1,463,693 · end of year $1,768,203

  • 20 · Tax-exempt bond liabilities

    beginning of year $5,650,000 · end of year $5,325,000

  • 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 $13,328,426 · end of year $20,852,109

  • 25 · Other liabilities

    beginning of year $6,195,433 · end of year $5,216,761

  • 27 · Net assets without donor restrictions

    beginning of year $30,735,701 · end of year $32,751,744

  • 28 · Net assets with donor restrictions

    beginning of year $35,036,731 · end of year $33,042,341

Mission and programs · 2023

Mission

See Schedule O

Activities or mission (Part I)

HUNTINGTON UNIVERSITY IS A CHRIST CENTERED INSTITUTION THAT EXISTS TO CARRY OUT THE MISSION OF CHRIST IN HIGHER EDUCATION THROUGH A CURRICULUM OF ACADEMIC EXCELLENCE.

  • HUNTINGTON UNIVERSITY IS A CHRISTIAN UNIVERSITY WITH THE PRIMARY PURPOSE OF EDUCATING AND DEVELOPING INDIVIDUALS. THE UNIVERSITY HAS APPROXIMATELY 1,500 STUDENTS AND OFFERS MORE THAN 70 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. AS A CHRISTIAN UNIVERSITY, HUNTINGTON IS COMMITTED TO DEVELOPING THE WHOLE PERSON ASSISTING STUDENTS WITH UNDERSTANDING ALL AREAS OF HUMAN KNOWLEDGE FROM THE PERSPECTIVE OF A CHRISTIAN WORLD VIEW, AND PREPARING THEM TO IMPACT THEIR WORLD FOR CHRIST.

    Expenses $46,678,706 · Grants $15,389,582 · Revenue $39,782,916

As filed on the 2023 return.

Listed in Part VII

  • MONTE LIGHTNER

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • RAE GONTERMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TOM FEUSSE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ADRIAN HALVERSTADT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BOBBY CALEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN EMERICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN MORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN NOFZINGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BROOKS FETTERS

    ADVANCEMENT CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CANDANCE CURIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DALTON JENKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HERB SCHUMM

    BOARD DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JEANNE WICKENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSH WILHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSH WILLARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATIE FRASER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KRISTI MCCONNELL

    ACADEMIC PROGRAMS CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LARS ANDERSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARTY PENNINGTON

    STUDENT LIFE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MATT WILCOX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NANCY BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NANCY LAMPORT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NICOLE JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RD SCHRADER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICHARD MERILLAT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBIN WRIGHT

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • RON FREEMAN

    ENROLLMENT MANAGEMENT/UNIVERSITY RELATIONS CHAIR

    Total calculated
    $0
    Hours/week
    2

  • RYAN WARNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUE MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TODD FETTERS

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TOM CLOUNIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TOMI CARDIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CONNIE BONNER

    VP FOR FINANCE/TREASURER

    Total calculated
    $139,906
    From this org
    $123,143
    From related orgs
    $0
    Other
    $16,763
    Hours/week
    50

  • LUKE FETTERS

    VP FOR ACADMEIC AFFAIRS/DEAN

    Total calculated
    $106,056
    From this org
    $90,169
    From related orgs
    $0
    Other
    $15,887
    Hours/week
    50

  • SHERILYN EMBERTON

    PRESIDENT

    Total calculated
    $317,858
    From this org
    $236,676
    From related orgs
    $0
    Other
    $81,182
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $231,577
    Bonus
    $0
    Other
    $5,099
    Deferred
    $46,750
    Nontaxable benefits
    $34,432
    Filer's total
    $317,858

  • STEPHEN WEINGART

    VP FOR ADVANCEMENT

    Total calculated
    $152,184
    From this org
    $126,722
    From related orgs
    $0
    Other
    $25,462
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $120,419
    Bonus
    $0
    Other
    $6,303
    Deferred
    $6,681
    Nontaxable benefits
    $18,781
    Filer's total
    $152,184

  • EVELYN ANDERSSON

    OTD PROGRAM DIRECTOR

    Total calculated
    $159,084
    From this org
    $141,442
    From related orgs
    $0
    Other
    $17,642
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,680
    Bonus
    $0
    Other
    $762
    Deferred
    $7,210
    Nontaxable benefits
    $10,432
    Filer's total
    $159,084

  • JEANNE SOWERS

    ASSOCIATE PROFESSOER OT

    Total calculated
    $149,364
    From this org
    $132,356
    From related orgs
    $0
    Other
    $17,008
    Hours/week
    50

  • JILL LINDER

    OCCUPATIONAL THERAPIST

    Total calculated
    $118,923
    From this org
    $103,470
    From related orgs
    $0
    Other
    $15,453
    Hours/week
    50

  • NATHAN SHORT

    ASSOCIATE PROFESSOR OTD

    Total calculated
    $131,346
    From this org
    $115,723
    From related orgs
    $0
    Other
    $15,623
    Hours/week
    50

  • RUSSELL DEGITZ

    CHIEF OPERATING OFFICER

    Total calculated
    $121,315
    From this org
    $105,650
    From related orgs
    $0
    Other
    $15,665
    Hours/week
    50

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 Housing allowance or residence for personal use
THE UNIVERSITY PRESIDENT RESIDES IN A UNIVERSITY OWNED HOUSE AS REQUIRED BY CONTRACT. THE HOUSE IS LOCATED ON CAMPUS AND IS USED BY THE PRESIDENT FOR UNIVERSITY FUNCTIONS INCLUDING RECEPTIONS, DINNERS AND OTHER BUSINESS EVENTS. THE SECT. 119 RULES ARE MET AND, AS A RESULT, THE FAIR MARKET VALUE OF THIS BENEFIT IS CONSIDERED NONTAXABLE COMPENSATION TO THE PRESIDENT.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SHERILYN EMBERTON PARTICIPATES IN A 457(F) PLAN. DURING 2023, AMOUNTS PAID OUT WERE $0, AND ADDITIONAL AMOUNTS DEFERRED UNDER THE PLAN WERE $35,000.

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.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CLEAR DISTRIBUTION LLC

    BUS DEVELOP. · IN · income $0 · assets $0

    Directly controlled by HUVI

  • FORESTER FARMS LLC

    FARM ACTIVITY · IN · income $24,317 · assets $20,681

    Directly controlled by HUNTINGTON U

  • FORESTER FILM LLC

    FILM PRODUCTION · IN · income $155,696 · assets $8,942

    Directly controlled by HUNTINGTON U

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HU VENTURES INC

    C Corporation · BUS. DEVELOPM · IN · 100% owned · share of income $0 · share of assets $9,242 · controlled entity

    Directly controlled by HUNTINGTON U

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202520159349301922

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.