Totals
- Total revenue
- $81,957,246
- Total expenses
- $80,527,066
- Contributions and grants received
- $11,506,045
- Grants paid
- $19,430,548
- Program service revenue
- $69,653,939
- Investment income
- $338,264
- Other revenue
- $458,998
- Total assets, end of year
- $149,562,202
- Total liabilities, end of year
- $38,958,069
- Net assets or fund balances, end of year
- $110,604,133
- Program services expenses (Part IX)
- $72,122,268
- Management and general expenses
- $7,047,378
- Fundraising expenses
- $1,357,420
- Program service expenses (Part III)
- $72,122,268
Program services were 89.6% 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)
$6,848,142
-
1f · All other contributions, gifts and grants
$4,657,903
-
1g · Noncash contributions included above
$416,574
-
2a · Program service revenue: Tuition and Fees
total $55,833,732 · related or exempt $55,833,732
-
2b · Program service revenue: Auxiliary Services
total $13,475,872 · related or exempt $13,418,297 · unrelated business $57,575
-
2c · Program service revenue: Summer and Sports Camps
total $344,335 · related or exempt $231,550 · unrelated business $112,785
-
3 · Investment income
total $787,192 · unrelated business -$763 · excluded $787,955
-
6a · Gross rents
real property $83,228
-
6b · Less rental expenses
real property $20,119
-
6c · Rental income or loss
real property $63,109
-
6d · Net rental income or loss
total $63,109 · unrelated business $59,134 · excluded $3,975
-
7a · Gross sales of assets other than inventory
securities $591,524 · other assets $605,000
-
7b · Less cost or other basis and sales expenses
securities $1,099,695 · other assets $545,757
-
7c · Gain or loss
securities -$508,171 · other assets $59,243
-
7d · Net gain or loss
total -$448,928 · excluded -$448,928
-
11a · Other revenue: Other Revenue
total $207,386 · excluded $207,386
-
11b · Other revenue: Bookstore Commission
total $97,203 · excluded $97,203
-
11c · Other revenue: Misc Student Revenue
total $91,300 · excluded $91,300
-
11e · Other revenue, total
$395,889
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $19,430,548 · program services $19,430,548
-
5 · Compensation of officers, directors and key employees
total $876,151 · program services $80,996 · management and general $795,155
-
7 · Other salaries and wages
total $28,756,483 · program services $26,107,756 · management and general $1,903,351 · fundraising $745,376
-
8 · Pension plan contributions
total $1,164,009 · program services $955,058 · management and general $176,223 · fundraising $32,728
-
9 · Other employee benefits
total $4,618,727 · program services $4,202,116 · management and general $312,562 · fundraising $104,049
-
10 · Payroll taxes
total $1,940,966 · program services $1,662,781 · management and general $231,696 · fundraising $46,489
-
11b · Fees: legal
total $75,396 · management and general $75,396
-
11c · Fees: accounting
total $47,931 · management and general $47,931
-
11f · Fees: investment management
total $27,101 · management and general $27,101
-
11g · Fees: other
total $2,935,056 · program services $1,939,752 · management and general $960,362 · fundraising $34,942
-
12 · Advertising and promotion
total $2,878,786 · program services $2,110,680 · management and general $768,106
-
13 · Office expenses
total $1,527,983 · program services $1,231,641 · management and general $186,978 · fundraising $109,364
-
14 · Information technology
total $1,914,218 · program services $1,360,027 · management and general $466,186 · fundraising $88,005
-
16 · Occupancy
total $1,502,348 · program services $1,419,782 · management and general $68,902 · fundraising $13,664
-
17 · Travel
total $1,677,185 · program services $1,457,361 · management and general $128,062 · fundraising $91,762
-
19 · Conferences, conventions and meetings
total $116,555 · program services $83,942 · management and general $16,073 · fundraising $16,540
-
20 · Interest
total $703,286 · program services $694,855 · management and general $7,888 · fundraising $543
-
22 · Depreciation, depletion and amortization
total $6,195,652 · program services $5,848,268 · management and general $310,904 · fundraising $36,480
-
23 · Insurance
total $326,133 · management and general $326,133
-
24a · Other expenses: Materials & Supplies
total $3,463,590 · program services $3,434,105 · management and general $19,552 · fundraising $9,933
-
24b · Other expenses: Miscellaneous Expense
total $348,962 · program services $102,600 · management and general $218,817 · fundraising $27,545
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,497,488 · end of year $2,491,959
-
2 · Savings and temporary cash investments
beginning of year $21,955,141 · end of year $21,399,838
-
3 · Pledges and grants receivable
beginning of year $6,713,597 · end of year $3,451,734
-
4 · Accounts receivable
beginning of year $1,107,531 · end of year $830,637
-
7 · Other notes and loans receivable
beginning of year $19,135 · end of year $16,935
-
8 · Inventories for sale or use
beginning of year $89,153 · end of year $82,403
-
9 · Prepaid expenses and deferred charges
beginning of year $727,801 · end of year $1,174,727
-
10a · Land, buildings and equipment: cost or other basis
$146,847,628
-
10b · Land, buildings and equipment: accumulated depreciation
$68,838,292
-
10c · Land, buildings and equipment, net
beginning of year $80,830,427 · end of year $78,009,336
-
11 · Investments: publicly traded securities
beginning of year $35,384,593 · end of year $40,513,211
-
14 · Intangible assets
beginning of year $496,438 · end of year $505,244
-
15 · Other assets
beginning of year $461,447 · end of year $1,086,178
-
17 · Accounts payable and accrued expenses
beginning of year $6,321,553 · end of year $4,752,401
-
19 · Deferred revenue
beginning of year $3,529,510 · end of year $3,144,990
-
20 · Tax-exempt bond liabilities
beginning of year $17,939,688 · end of year $17,157,399
-
23 · Secured mortgages and notes payable
beginning of year $10,438,806 · end of year $12,760,254
-
24 · Unsecured notes and loans payable
beginning of year $6,034,970 · end of year $0
-
25 · Other liabilities
beginning of year $1,117,246 · end of year $1,143,025
-
27 · Net assets without donor restrictions
beginning of year $77,431,691 · end of year $78,283,173
-
28 · Net assets with donor restrictions
beginning of year $27,469,287 · end of year $32,320,960
Mission and programs · 2022
Mission
Husson University inspires and prepares students for professional careers in current and emerging fields within the context of an education informed by the sciences and humanities.
Activities or mission (Part I)
Educational Institution
-
For more than 125 years, Husson University has prepared future leaders to address the challenges of tomorrow through innovative undergraduate and graduate degrees.With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus provides advanced knowledge in business, health, pharmacy, science and humanities, as well as communication. In addition, Husson University has a robust online learning program.Continued on Schedule O According to a recent analysis of tuition and fees by U.S. News & World Report, Husson University is one of the most affordable private colleges in New England. Education at Husson University produces results. According to the most recent survey data, 96 percent of Husson University graduates are employed or enrolled in graduate school within one year of completing their degrees.Husson University is regionally accredited by the New England Council of Higher Education (NECHE). Regional accreditation applies to all programs. The University is also accredited by the International Accreditation Council for Business Education (IACBE), the Commission on Collegiate Nursing Education (CCNE), the Accreditation Council for Occupational Therapy (ACOTE), the Commission on Accreditation in Physical Therapy Education (CAPTE), the Accreditation Council for Pharmacy Education (ACPE), and the Council for Accreditation of Counseling and Related Educational Program (CACREP), with approval by the Maine Department of Education and National Board for Certified Counselors for its Teacher Education and School Counseling programs respectively.
Expenses $62,493,500 · Grants $19,430,548 · Revenue $55,833,732
-
Auxiliary ServicesThe Auxiliary Services department provides a variety of support services designed to enhance the Husson educational and student experience for the University. Serving a diverse set of stakeholders, Auxiliary services works to ensuring the continued success of the University in a fiscally responsible manner while reducing risk for the institution.Continued on Schedule OServices provided by this department include dining, maintenance, custodial, environmental health, safety, security, grounds keeping, the bookstore, and capital facility project management.Dining services seeks to provide a variety of wholesome, nutritious foods that meet the diverse needs of the Husson University community.Husson offers a variety of housing options for over 1,000 students which includes Hart Hall, Carlisle Hall, Bell Hall, the Darling Learning Center, and the Townhouses. The Living Learning Center can house up to 240 students. Each suite in the Darling Learning Center features suite-style living for four students. Three townhouse buildings have room for 72 students. Each townhouse has six two-story fully furnished apartments. The campus also includes the Dyke Center for Family Business, Gracie Theatre, Newman Gymnasium, Swan Center, Wellness Learning Center, the Webber Pool, as well as numerous athletic fields.
Expenses $9,628,768 · Revenue $13,820,207
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel R Hutchins
Chair
- Total calculated
- $0
- Hours/week
- 8
-
Philip E Harriman
Vice Chair
- Total calculated
- $0
- Hours/week
- 8
-
Albert W Allen
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Earl C Black
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
John P Boucher
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Brock R Bradford
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Susan A Carlisle
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Daniel B Coffey
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Edward O Darling
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Kris A Doody
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Jaclyn Fish
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Arthur D Fuller
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Ross Y Furman
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Kenneth A Hews
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Deborah Carey Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Bradley Libby
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Mary Prybylo
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
John M Rohman
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Robert J Ronan
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
W Tom Sawyer Jr
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Dr Irving Schneider
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Will Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Kelli L Theriault Hutchins
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Richard C Trott Jr
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Randy L Wadleigh
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Ryan Wheelock
Student Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Cassandra White
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Tracey L Whitten
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Michael E Williamson
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Michael Kamorski EdD
Faculty Trustee
- Total calculated
- $80,996
- From this org
- $76,995
- From related orgs
- $0
- Other
- $4,001
- Hours/week
- 40
-
Joseph H Cyr
Past Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Dr Ruth B Purtilo
Past Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Betsy M Webb
Past Trustee
- Total calculated
- $0
- Hours/week
- 4
-
R Thomas Welch
VP Finance & Admin/Treasurer
- Total calculated
- $164,758
- From this org
- $143,445
- From related orgs
- $0
- Other
- $21,313
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,121
- Bonus
- $0
- Other
- $324
- Deferred
- $0
- Nontaxable benefits
- $21,313
- Filer's total
- $164,758
-
Dr Robert A Clark
President
- Total calculated
- $406,911
- From this org
- $351,424
- From related orgs
- $0
- Other
- $55,487
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $347,233
- Bonus
- $0
- Other
- $4,191
- Deferred
- $18,300
- Nontaxable benefits
- $37,187
- Filer's total
- $406,911
-
Lynne Coy-Ogan
Provost
- Total calculated
- $223,486
- From this org
- $210,901
- From related orgs
- $0
- Other
- $12,585
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,990
- Bonus
- $0
- Other
- $1,911
- Deferred
- $12,585
- Nontaxable benefits
- $0
- Filer's total
- $223,486
-
James Nash
Dean of Health & Pharmacy
- Total calculated
- $221,207
- From this org
- $216,141
- From related orgs
- $0
- Other
- $5,066
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,083
- Bonus
- $0
- Other
- $1,058
- Deferred
- $5,066
- Nontaxable benefits
- $0
- Filer's total
- $221,207
-
Philip Taylor
Dean of Science & Humanities
- Total calculated
- $205,894
- From this org
- $188,798
- From related orgs
- $0
- Other
- $17,096
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,130
- Bonus
- $0
- Other
- $1,668
- Deferred
- $9,909
- Nontaxable benefits
- $7,187
- Filer's total
- $205,894
-
William J Lindblad
Professor of Pharmocology
- Total calculated
- $170,496
- From this org
- $151,665
- From related orgs
- $0
- Other
- $18,831
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,381
- Bonus
- $0
- Other
- $2,284
- Deferred
- $9,206
- Nontaxable benefits
- $9,625
- Filer's total
- $170,496
-
Sarah C Robinson
VP of Advancement
- Total calculated
- $186,287
- From this org
- $160,365
- From related orgs
- $0
- Other
- $25,922
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,850
- Bonus
- $0
- Other
- $1,515
- Deferred
- $10,285
- Nontaxable benefits
- $15,637
- Filer's total
- $186,287
-
Marie E Hankinson
Dean College of Business & NESCOM
- Total calculated
- $194,597
- From this org
- $175,982
- From related orgs
- $0
- Other
- $18,615
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,424
- Bonus
- $0
- Other
- $558
- Deferred
- $10,793
- Nontaxable benefits
- $7,822
- Filer's total
- $194,597
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 1b · Written policy on the line-1a expenses
- 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)
- Part I, Line 1a
- The University provides a housing allowance for the President of the Organization, as it is required that he/she lives on campus as a part of his/her employment. This housing allowance is treated as a nontaxable benefit.
- Part I, Line 1b
- The Board of Trustees assessed and determined the appropriate level of benefit after reviewing its potential value and market data on compensation and benefits.
- Part I, Line 4b
- Robert Clark participates in a non-qualified retirement plan. There was no contribution to this plan in 2022.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431249349300938
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.