Form 990 for tax year 2022

Filed by JACKSONVILLE UNIVERSITY.

Totals

Total revenue: $190,889,661
Total expenses: $189,944,057
Contributions and grants received: $25,852,541
Grants paid: $67,369,508
Program service revenue: $159,276,119
Investment income: $2,665,068
Other revenue: $3,095,933
Total assets, end of year: $384,273,459
Total liabilities, end of year: $279,943,576
Net assets or fund balances, end of year: $104,329,883
Program services expenses (Part IX): $158,986,074
Management and general expenses: $29,208,224
Fundraising expenses: $1,749,759
Program service expenses (Part III): $158,986,074

Program services were 83.7% 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.

1e · Government grants (contributions)

$14,527,903
1f · All other contributions, gifts and grants

$11,324,638
1g · Noncash contributions included above

$110,382
2a · Program service revenue: Tuition & Fees

total $133,408,395 · related or exempt $133,408,395
2b · Program service revenue: Auxiliary Enterprises

total $24,350,066 · related or exempt $24,350,066
2c · Program service revenue: Athletics

total $1,517,658 · related or exempt $1,517,658
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,916,490 · unrelated business $28,177 · excluded $1,888,313
4 · Income from investment of tax-exempt bond proceeds

total $379,353 · excluded $379,353
6a · Gross rents

real property $196,447
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $196,447 · personal property $0
6d · Net rental income or loss

total $196,447 · excluded $196,447
7a · Gross sales of assets other than inventory

securities $7,336,684 · other assets $0
7b · Less cost or other basis and sales expenses

securities $6,960,590 · other assets $6,869
7c · Gain or loss

securities $376,094 · other assets -$6,869
7d · Net gain or loss

total $369,225 · excluded $369,225
11a · Other revenue: Shared Services

total $250,000 · related or exempt $250,000
11b · Other revenue: ORIENTATION FEES

total $157,894 · related or exempt $157,894
11c · Other revenue: Fine Revenue

total $38,732 · related or exempt $38,732
11d · All other revenue

total $2,452,860 · related or exempt $2,342,851 · unrelated business $110,009 · excluded $0
11e · Other revenue, total

$2,899,486

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $67,369,508 · program services $67,369,508
5 · Compensation of officers, directors and key employees

total $1,779,500 · management and general $1,779,500
7 · Other salaries and wages

total $48,144,363 · program services $42,241,485 · management and general $4,994,225 · fundraising $908,653
8 · Pension plan contributions

total $1,527,209 · program services $1,413,367 · management and general $84,312 · fundraising $29,530
9 · Other employee benefits

total $8,861,497 · program services $7,839,753 · management and general $811,895 · fundraising $209,849
10 · Payroll taxes

total $3,488,728 · program services $3,003,012 · management and general $418,964 · fundraising $66,752
11b · Fees: legal

total $355,160 · program services $53,209 · management and general $301,951
11c · Fees: accounting

total $174,684 · management and general $174,684
11f · Fees: investment management

total $371,147 · management and general $371,147
11g · Fees: other

total $8,424,205 · program services $1,367,175 · management and general $7,047,940 · fundraising $9,090
12 · Advertising and promotion

total $1,739,876 · program services $1,295,584 · management and general $295,346 · fundraising $148,946
13 · Office expenses

total $1,999,665 · program services $1,265,966 · management and general $609,036 · fundraising $124,663
14 · Information technology

total $2,396,377 · program services $1,085,185 · management and general $1,304,019 · fundraising $7,173
16 · Occupancy

total $5,064,268 · program services $664,450 · management and general $4,399,697 · fundraising $121
17 · Travel

total $3,733,341 · program services $3,602,898 · management and general $110,960 · fundraising $19,483
19 · Conferences, conventions and meetings

total $246,071 · program services $210,541 · management and general $32,390 · fundraising $3,140
20 · Interest

total $8,643,730 · program services $6,750,753 · management and general $1,892,977
22 · Depreciation, depletion and amortization

total $9,492,875 · program services $7,382,324 · management and general $2,110,551
23 · Insurance

total $707,718 · program services $707,518 · management and general $200
24a · Other expenses: Food/Meal Plans

total $7,215,194 · program services $7,203,154 · management and general $12,040
24b · Other expenses: Bad debt expense

total $1,352,348 · program services $1,352,348
24c · Other expenses: Sports Equipment & Supplies

total $1,008,384 · program services $996,428 · management and general $11,956
24d · Other expenses: Recruiting

total $675,215 · program services $648,105 · management and general $26,216 · fundraising $894
24e · All other expenses

total $5,172,994 · program services $2,533,311 · management and general $2,418,218 · fundraising $221,465

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $4,653,635 · end of year $70,075
2 · Savings and temporary cash investments

beginning of year $10,399,744 · end of year $13,130,337
3 · Pledges and grants receivable

beginning of year $4,739,461 · end of year $7,361,981
4 · Accounts receivable

beginning of year $78,608,484 · end of year $87,790,644
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 $2,009,652 · end of year $1,946,146
9 · Prepaid expenses and deferred charges

beginning of year $2,016,083 · end of year $1,855,618
10a · Land, buildings and equipment: cost or other basis

$298,777,852
10b · Land, buildings and equipment: accumulated depreciation

$123,084,007
10c · Land, buildings and equipment, net

beginning of year $185,381,567 · end of year $175,693,845
11 · Investments: publicly traded securities

beginning of year $54,466,270 · end of year $58,739,433
12 · Investments: other securities

beginning of year $7,343,258 · end of year $7,195,033
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $1,917,500 · end of year $1,327,500
15 · Other assets

beginning of year $15,001,119 · end of year $29,162,847
17 · Accounts payable and accrued expenses

beginning of year $18,946,838 · end of year $20,457,438
19 · Deferred revenue

beginning of year $77,529,297 · end of year $82,894,877
20 · Tax-exempt bond liabilities

beginning of year $136,934,351 · end of year $136,950,109
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 $8,799,203 · end of year $6,659,687
24 · Unsecured notes and loans payable

beginning of year $11,544,031 · end of year $15,071,112
25 · Other liabilities

beginning of year $14,128,807 · end of year $17,910,353
27 · Net assets without donor restrictions

beginning of year $41,534,746 · end of year $46,828,042
28 · Net assets with donor restrictions

beginning of year $57,119,500 · end of year $57,501,841

Mission and programs · 2022

Mission

Our mission is to prepare students for life-long success in learning, achieving, leading, and serving. We accomplish this mission in a small, comprehensive, independent University community located within a vibrant metropolitan setting. (continued in Schedule O)

Activities or mission (Part I)

The mission of Jacksonville University is to prepare each student for life-long learning, achieving, leading, and serving.

JACKSONVILLE UNIVERSITY ("JU") IS A SMALL, COMPREHENSIVE, INDEPENDENT UNIVERSITY COMBINING THE BEST ATTRIBUTES OF THE LIBERAL ARTS AND SCIENCES TRADITION AND PROFESSIONAL STUDIES. THE JU LEARNING COMMUNITY PROVIDES PERSONALIZED SERVICE AND CLOSE STUDENT-FACULTY INTERACTION WITH AN EMPHASIS ON ENGAGED LEARNING. THE COLLEGE OF ARTS & SCIENCES, THE DAVIS COLLEGE OF BUSINESS, THE COLLEGE OF FINE ARTS, THE COLLEGE OF HEALTH SCIENCES, AND THE SCHOOL OF ORTHODONTICS OFFER MORE THAN 70 UNDERGRADUATE MAJORS PLUS GRADUATE PROGRAMS IN BUSINESS, CHOREOGRAPHY, VISUAL ARTS, EDUCATION, MATH, MARINE SCIENCE, NURSING AND ORTHODONTICS. JACKSONVILLE UNIVERSITY PREPARES ITS STUDENTS TO SUCCEED IN MEANINGFUL CAREERS AND ADVANCED STUDY AT THE GRADUATE LEVEL AND ALSO TO FUNCTION AS WELL-EDUCATED, WELL-ROUNDED, SERVICE-MINDED CITIZENS IN OUR MODERN SOCIETY. On August 16, 2021, JU opened a new instructional site in Palm Coast, Florida. In partnership with the City of Palm Coast, this campus allows JU to bring award-winning healthcare education programs to the region. Jacksonville University Palm Coast is located in the city's Town Center, creating an educational corridor delivering quality educational programming and innovative workforce development throughout Northeast Florida and beyond. The Palm Coast location currently offers several highly acclaimed JU programs, including Master of Science in Speech Language Pathology, Master of Science in Clinical Mental Health Counseling, and a 16-month Second Degree Bachelor of Science in Nursing.

Expenses $158,986,074 · Grants $67,369,508 · Revenue $162,065,596

As filed on the 2022 return.

Listed in Part VII

Cynthia Chomiak

Vice Chairman (thru 10/2022) / Trustee

Total calculated

$0

Hours/week

1
Frank Martire

Treasurer

Total calculated

$0

Hours/week

1
Jamie Shelton

Chairman (thru 10/2022) / Secretary & Advocate

Total calculated

$0

Hours/week

1
John Miller

Vice Chairman

Total calculated

$0

Hours/week

1
Matthew Kane

Secretary & Advocate (thru 10/2022) / Chairman

Total calculated

$0

Hours/week

1
Timothy P Cost

President

Total calculated

$954,643

From this org

$827,522

From related orgs

$0

Other

$127,121

Hours/week

40

Schedule J breakdown matched by us

Base

$755,722

Bonus

$1,000

Other

$70,800

Deferred

$117,579

Nontaxable benefits

$9,542

Filer's total

$954,643
Amy Berg

Trustee

Total calculated

$0

Hours/week

1
Audrey Moran

Trustee

Total calculated

$0

Hours/week

1
Barry Gleichenhaus

Trustee

Total calculated

$0

Hours/week

1
Charles Joseph

Trustee

Total calculated

$0

Hours/week

1
Dane Grey

Trustee

Total calculated

$0

Hours/week

1
G Ray Driver

Trustee

Total calculated

$0

Hours/week

1
Jannett Walker Ford

Trustee

Total calculated

$0

Hours/week

1
JF Bryan IV

Trustee

Total calculated

$0

Hours/week

1
Joseph Sanchez

Trustee

Total calculated

$0

Hours/week

1
Ken Babby

Trustee

Total calculated

$0

Hours/week

1
Kent Thielen MD

Trustee

Total calculated

$0

Hours/week

1
Laura Angelini

Trustee

Total calculated

$0

Hours/week

1
Linda Stein

Trustee

Total calculated

$0

Hours/week

1
Marsha Oliver

Trustee

Total calculated

$0

Hours/week

1
Nina Waters

Trustee

Total calculated

$0

Hours/week

1
Paul Boynton

Trustee

Total calculated

$0

Hours/week

1
Rachel Vitti

Trustee (thru Feb. 2023)

Total calculated

$0

Hours/week

1
Roseann Duran

Trustee

Total calculated

$0

Hours/week

1
Russ Thomas

Trustee

Total calculated

$0

Hours/week

1
Will Weatherford

Trustee

Total calculated

$0

Hours/week

1
Randal Freebourn

Senior VP CFO

Total calculated

$314,315

From this org

$253,687

From related orgs

$0

Other

$60,628

Hours/week

40

Schedule J breakdown matched by us

Base

$252,687

Bonus

$1,000

Other

$0

Deferred

$38,042

Nontaxable benefits

$22,586

Filer's total

$314,315
Dr Christine Sapienza

Provost (thru May 2023), Exec. VP, Partnership & Development

Total calculated

$420,365

From this org

$357,750

From related orgs

$0

Other

$62,615

Hours/week

40

Schedule J breakdown matched by us

Base

$348,434

Bonus

$1,000

Other

$8,316

Deferred

$48,821

Nontaxable benefits

$13,794

Filer's total

$420,365
Alex Ricker-Gilbert

SVP, Athletic Director

Total calculated

$314,939

From this org

$291,925

From related orgs

$0

Other

$23,014

Hours/week

40

Schedule J breakdown matched by us

Base

$232,867

Bonus

$51,000

Other

$8,058

Deferred

$11,175

Nontaxable benefits

$11,839

Filer's total

$314,939
Barbara Ritter

Dean, DCOB

Total calculated

$314,552

From this org

$279,026

From related orgs

$0

Other

$35,526

Hours/week

40

Schedule J breakdown matched by us

Base

$277,996

Bonus

$1,000

Other

$30

Deferred

$12,825

Nontaxable benefits

$22,701

Filer's total

$314,552
Eman Othman

Asst. Professor, Orthodontics

Total calculated

$276,725

From this org

$243,474

From related orgs

$0

Other

$33,251

Hours/week

40

Schedule J breakdown matched by us

Base

$242,354

Bonus

$1,000

Other

$120

Deferred

$11,223

Nontaxable benefits

$22,028

Filer's total

$276,725
Grant Vezina

Clinical Director, Orthodontics

Total calculated

$253,171

From this org

$251,096

From related orgs

$0

Other

$2,075

Hours/week

40

Schedule J breakdown matched by us

Base

$250,000

Bonus

$1,000

Other

$96

Deferred

$0

Nontaxable benefits

$2,075

Filer's total

$253,171
Jordan Mincy

Head Men's Basketball Coach

Total calculated

$377,410

From this org

$348,469

From related orgs

$0

Other

$28,941

Hours/week

40

Schedule J breakdown matched by us

Base

$308,469

Bonus

$31,000

Other

$9,000

Deferred

$7,313

Nontaxable benefits

$21,628

Filer's total

$377,410

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 · Form 990 of other organizations
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: Tim Cost received a taxable housing allowance as part of his employment.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: President Tim Cost participated in a 457(f) nonqualified deferred compensation plan. Total contributions into this plan for 2022 were $97,916. Total distributions out of the plan for 2022 were $0. Christine Sapienza also participated in a 457(f) Plan. Total contributions for 2022 were $33,958. Total distributions out of the plan for 2022 were $0. Randal Freebourn also participated in a 457(f) Plan. Total contributions for 2022 were $26,042. Total distributions out of the plan for 2022 were $0.

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.

Disregarded entities

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

JACKSONVILLE UNIVERSITY CLINIC LLC

ORTHODONTIC CLINIC OPERATIONS · FL · income $1,974,602 · assets $444,435

Directly controlled by JU
Jacksonville University Flight Team LLC

Flight Team Exercises · FL · income $0 · assets $0

Directly controlled by JU
VOCALIZE LLC

Speech pathology · FL · income $0 · assets $0

Directly controlled by JU
THIRTYFOUROAKS HOLDING LLC

INVESTMENT HOLDING COMPANY · FL · income $0 · assets $0

Directly controlled by JU

Related corporations and trusts

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

charitable remainder trusts (2)

Trust · Trust · FL

Directly controlled by JU

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202411369349305046

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