Totals
- Total revenue
- $1,307,856
- Total expenses
- $1,280,257
- Contributions and grants received
- $542,899
- Grants paid
- $0
- Program service revenue
- $735,900
- Investment income
- $0
- Other revenue
- $29,057
- Total assets, end of year
- $422,686
- Total liabilities, end of year
- $235,357
- Net assets or fund balances, end of year
- $187,329
- Program services expenses (Part IX)
- $911,095
- Management and general expenses
- $369,162
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $911,095
Program services were 71.2% 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
$542,899
-
1g · Noncash contributions included above
$100,000
-
2a · Program service revenue: Student Tuition and Fees
total $689,556 · related or exempt $689,556
-
2b · Program service revenue: Sales and services of auxillary enterprise
total $46,344 · related or exempt $46,344
-
8a · Fundraising events: gross income
$1,834
-
8b · Fundraising events: direct expenses
$1,663
-
8c · Net income from fundraising events
total $171
-
11a · Other revenue: Other Income
total $28,886 · related or exempt $28,886
-
11e · Other revenue, total
$28,886
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $26,768 · management and general $26,768
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $311,494 · program services $242,979 · management and general $68,515
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $41,028 · program services $13,453 · management and general $27,575
-
10 · Payroll taxes
total $26,161 · management and general $26,161
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $16,000 · management and general $16,000
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $74,123 · program services $45,528 · management and general $28,595
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $11,138 · management and general $11,138
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,067 · management and general $3,067
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $24,225 · management and general $24,225
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $77,058 · program services $77,058
-
23 · Insurance
total $0
-
24a · Other expenses: In kind rent
total $100,000 · program services $100,000
-
24b · Other expenses: Student aid
total $355,949 · program services $355,949
-
24c · Other expenses: Utilities
total $45,414 · program services $45,414
-
24d · Other expenses: Repairs and Maintenance
total $13,678 · program services $12,384 · management and general $1,294
-
24e · All other expenses
total $154,154 · program services $18,330 · management and general $135,824
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $107,474 · end of year $138,904
-
4 · Accounts receivable
beginning of year $72,223 · end of year $93,104
-
10a · Land, buildings and equipment: cost or other basis
$1,463,153
-
10b · Land, buildings and equipment: accumulated depreciation
$1,277,793
-
10c · Land, buildings and equipment, net
beginning of year $392,451 · end of year $185,660
-
15 · Other assets
beginning of year $17,688 · end of year $5,018
-
17 · Accounts payable and accrued expenses
beginning of year $234,526 · end of year $181,591
-
19 · Deferred revenue
end of year $26,582
-
23 · Secured mortgages and notes payable
beginning of year $37,139 · end of year $11,524
-
25 · Other liabilities
beginning of year $16,028 · end of year $15,660
-
27 · Net assets without donor restrictions
beginning of year $228 · end of year -$114,586
-
28 · Net assets with donor restrictions
beginning of year $301,915 · end of year $301,915
Mission and programs · 2024
Mission
PIU exists to provide accessible, excellent, transformational Christian higher education and ministry training to Micronesia, the Pacific Islands, and to the ends of the earth. As such, our mission is to prepare men and women with biblical worldviews for leadership and service in life, work, and ministry in the global community and the church.
Activities or mission (Part I)
Training students from Guam, Micronesia, and the Pacific region preparing them for pastoral, educational and missionary service in church, ministries, and provide a biblical foundation for Christian students.
-
PIU provided academic support by providing experienced, spiritual, and qualified faculty members to students, assisting students to acquire skills, perspectives, and commitment necessary for effective Christian service. In addition, the faculty and staff provide an educational environment of Christian integrity and love that enhances and supports the learning expenses.
Expenses $911,095
As filed on the 2024 return.
Listed in Part VII
-
Gidion Mooral
Trustee
- Total calculated
- $0
-
Christopher Matthews
Trustee
- Total calculated
- $0
-
Byung Chul Kim
Trustee
- Total calculated
- $0
-
Komber Kumo
Trustee
- Total calculated
- $0
-
Kurten Orichiro
Trustee
- Total calculated
- $0
-
Pacita Tomada
Chairwoman
- Total calculated
- $0
-
Marcellus Ngiraingas
Vice-Charman Treasurer
- Total calculated
- $0
-
Frank Guter
Secretary
- Total calculated
- $0
-
Ian Richards
President
- Total calculated
- $0
- Hours/week
- 40
-
Joanna Green
Interim Vice President - Academics
- Total calculated
- $0
- Hours/week
- 40
-
Delight Suda
Vice President - Student Development
- Total calculated
- $0
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202620269349301577
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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