Form 990 for tax year 2023

Filed by UNIVERSITY OF MOUNT UNION.

Totals

Total revenue: $97,433,567
Total expenses: $100,273,630
Contributions and grants received: $4,324,510
Grants paid: $35,948,790
Program service revenue: $84,372,105
Investment income: $8,696,528
Other revenue: $40,424
Total assets, end of year: $328,452,670
Total liabilities, end of year: $22,907,617
Net assets or fund balances, end of year: $305,545,053
Program services expenses (Part IX): $90,418,539
Management and general expenses: $8,195,455
Fundraising expenses: $1,659,636
Program service expenses (Part III): $90,418,539

Program services were 90.2% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$488,429
1d · Related organizations

$0
1e · Government grants (contributions)

$73,801
1f · All other contributions, gifts and grants

$3,762,280
1g · Noncash contributions included above

$337,538
2a · Program service revenue: Student Tuition

total $70,130,954 · related or exempt $70,130,954 · unrelated business $0 · excluded $0
2b · Program service revenue: Dormitories

total $7,775,495 · related or exempt $7,775,495 · unrelated business $0 · excluded $0
2c · Program service revenue: Food Service

total $4,881,369 · related or exempt $4,881,369 · unrelated business $0 · excluded $0
2d · Program service revenue: Book Store Sales

total $178,291 · related or exempt $178,291 · unrelated business $0 · excluded $0
2e · Program service revenue: Rental/Housing

total $36,755 · related or exempt $36,755 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $1,369,241 · related or exempt $1,369,241 · unrelated business $0 · excluded $0
3 · Investment income

total $5,633,724 · related or exempt $0 · unrelated business $17,182 · excluded $5,616,542
4 · Income from investment of tax-exempt bond proceeds

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

total $3,524 · related or exempt $0 · unrelated business $0 · excluded $3,524
6a · Gross rents

real property $69,500 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $69,500 · personal property $0
6d · Net rental income or loss

total $69,500 · related or exempt $0 · unrelated business $0 · excluded $69,500
7a · Gross sales of assets other than inventory

securities $20,810,738 · other assets $0
7b · Less cost or other basis and sales expenses

securities $17,747,934 · other assets $0
7c · Gain or loss

securities $3,062,804 · other assets $0
7d · Net gain or loss

total $3,062,804 · related or exempt $0 · unrelated business $0 · excluded $3,062,804
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$488,429
8b · Fundraising events: direct expenses

$32,600
8c · Net income from fundraising events

total -$32,600 · unrelated business $0 · excluded -$32,600
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

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

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $35,948,790 · program services $35,948,790
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $1,708,866 · program services $788,284 · management and general $535,894 · fundraising $384,688
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $26,925,230 · program services $23,817,908 · management and general $2,394,343 · fundraising $712,979
8 · Pension plan contributions

total $1,843,425 · program services $1,617,501 · management and general $193,898 · fundraising $32,026
9 · Other employee benefits

total $5,174,371 · program services $4,431,186 · management and general $688,198 · fundraising $54,987
10 · Payroll taxes

total $1,957,163 · program services $1,694,454 · management and general $205,187 · fundraising $57,522
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $254,881 · program services $31,306 · management and general $223,575 · fundraising $0
11c · Fees: accounting

total $111,325 · program services $0 · management and general $111,325 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $17,364 · fundraising $17,364
11f · Fees: investment management

total $414,587 · program services $0 · management and general $414,587 · fundraising $0
11g · Fees: other

total $4,284,106 · program services $3,733,634 · management and general $550,472 · fundraising $0
12 · Advertising and promotion

total $1,075,615 · program services $466,023 · management and general $578,527 · fundraising $31,065
13 · Office expenses

total $4,156,791 · program services $3,749,399 · management and general $264,146 · fundraising $143,246
14 · Information technology

total $2,075,794 · program services $1,742,418 · management and general $333,376 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $3,414,061 · program services $2,668,476 · management and general $745,585 · fundraising $0
17 · Travel

total $1,642,316 · program services $1,502,226 · management and general $95,884 · fundraising $44,206
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $545,097 · program services $332,529 · management and general $112,410 · fundraising $100,158
20 · Interest

total $430,786 · program services $325,430 · management and general $105,356 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $6,001,774 · program services $5,693,382 · management and general $282,004 · fundraising $26,388
23 · Insurance

total $327,419 · program services $327,419 · management and general $0 · fundraising $0
24a · Other expenses: DUES AND MEMBERSHIPS

total $271,966 · program services $156,403 · management and general $114,694 · fundraising $869
24b · Other expenses: EQUIPMENT

total $926,622 · program services $892,922 · management and general $28,658 · fundraising $5,042
24c · Other expenses: CATERING EXPENSE

total $172,413 · program services $102,549 · management and general $35,468 · fundraising $34,396
24d · Other expenses: COLLECTION EXPENSE

total $152,269 · management and general $152,269
24e · All other expenses

total $440,599 · program services $396,300 · management and general $29,599 · fundraising $14,700
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $4,569 · end of year $6,499
2 · Savings and temporary cash investments

beginning of year $33,819,946 · end of year $29,788,741
3 · Pledges and grants receivable

beginning of year $652,653 · end of year $437,291
4 · Accounts receivable

beginning of year $2,101,549 · end of year $2,007,063
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 $684,715 · end of year $439,666
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$254,015,407
10b · Land, buildings and equipment: accumulated depreciation

$118,862,258
10c · Land, buildings and equipment, net

beginning of year $136,414,202 · end of year $135,153,149
11 · Investments: publicly traded securities

beginning of year $122,563,533 · end of year $134,362,964
12 · Investments: other securities

beginning of year $14,233,784 · end of year $15,178,843
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $11,917,563 · end of year $11,078,454
17 · Accounts payable and accrued expenses

beginning of year $4,007,496 · end of year $5,608,498
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $233,878 · end of year $341,957
20 · Tax-exempt bond liabilities

beginning of year $14,472,543 · end of year $13,236,419
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
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 $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $4,144,393 · end of year $3,720,743
27 · Net assets without donor restrictions

beginning of year $142,694,162 · end of year $138,162,964
28 · Net assets with donor restrictions

beginning of year $156,840,042 · end of year $167,382,089

Mission and programs · 2023

Mission

THE UNIVERSITY AFFIRMS THE INSTITUTION'S MISSION TO PREPARE STUDENTS FOR FULFILLING LIVES, MEANINGFUL WORK AND RESPONSIBLE CITIZENSHIP. THE UNIVERSITY OF MOUNT UNION OFFERS UNDERGRADUATE AND GRADUATE DEGREES IN A WIDE ARRAY OF ACADEMIC COURSEWORK IN KEEPING WITH THE LIBERAL ARTS TRADITION.

Activities or mission (Part I)

WITH 46 UNDERGRAD MAJORS AND 53 MINORS TO CHOOSE FROM, AS WELL AS MASTER'S AND DOCTORAL PROGRAMS, UNIVERSITY OF MOUNT UNION OFFERS A WIDE ARRAY OF ACADEMIC COURSES.

THE LARGEST PROGRAM SERVICE IS UNDERGRADUATE AND GRADUATE EDUCATION BACHELOR'S DEGREES IN ARTS, MUSIC, MUSIC EDUCATION AND SCIENCE ARE OFFERED. THERE ARE 46 MAJORS INCLUDING BUSINESS ADMINISTRATION, EDUCATION, AND SPORTS BUSINESS. MASTER'S DEGREES IN PHYSICIAN ASSISTANT STUDIES, EDUCATIONAL LEADERSHIP, AND BUSINESS ADMINISTRATION. DOCTORATE IN PHYSICAL THERAPY IS OFFERED. TOTAL ENROLMMENT FOR FALL 2023 WAS 2,049

Expenses $75,673,419 · Grants $35,948,790 · Revenue $70,825,206
AUXILIARY SERVICES IS ONE OF THE LARGEST PROGRAM SERVICES WHICH INCLUDES HOUSING STUDENTS AND PROVIDING CONTRACTED FOOD SERVICES.

Expenses $9,576,546 · Revenue $12,868,986
INTERCOLLEGIATE ATHLETCIS IS A PROGRAM SERVICE THAT IS OFFERED TO OUR STUDENTS. THE UNIVERSITY HAS 24 DIFFERENT MEN'S AND WOMEN'S TEAMS AVAILABLE UNDER THE AUTHORITY OF NCAA DIVISION III. IN THE 2023 YEAR, 823 STUDENTS COMPETED IN AT LEAST ONE SPORT AND THE UNIVERSITY HAS A STEEP TRADITION IN THE OHIO ATHLETIC CONFERENCE, THE THIRD OLDEST CONFERENCE IN THE COUNTRY. MANY OF OUR ATHLETIC TEAMS ARE VERY COMPETITIVE, BOTH WITHIN THE OAC AND ON A NATIONAL STAGE. PROGRAM EXPENSES WITHIN INTERCOLLEGIATE ATHLETICS REPRESENTS COMPENSATION FOR COACHES AND TEAM EXPENSES, WHILE REVENUE ONLY ENCOMPASSES TICKET SALES. AS A DIVISION III SCHOOL, MOUNT UNION OFFERS NO ATHLETIC SCHOLARSHIPS, ALLOWING OUR STUDENTS TO PARTICIPATE IN INTERCOLLEGIATE ATHLETICS AS AN EXTENSION OF THEIR OVERAL LIVING AND LEARNING EXPERIENCE.

Expenses $5,168,574 · Revenue $677,913

As filed on the 2023 return.

Listed in Part VII

Allen Green

Trustee

Total calculated

$0

Hours/week

1
April Mason

Trustee

Total calculated

$0

Hours/week

1
Bradley Carman

Trustee

Total calculated

$0

Hours/week

1
C Reggie Thomas

Trustee

Total calculated

$0

Hours/week

1
Chad Johnson

Trustee

Total calculated

$0

Hours/week

1
Daniel Keller

Trustee

Total calculated

$0

Hours/week

1
Edward Kolesar

Trustee

Total calculated

$0

Hours/week

1
Flint Brenton

Trustee

Total calculated

$0

Hours/week

1
Gerald Mastroianni

Trustee

Total calculated

$0

Hours/week

1
Gretchen Schuler

Trustee

Total calculated

$0

Hours/week

1
Heidi Bartholomew

Trustee

Total calculated

$0

Hours/week

1
J Lynne Biery

Trustee

Total calculated

$0

Hours/week

1
James Costanzo

Trustee

Total calculated

$0

Hours/week

1
James Eismon

Trustee

Total calculated

$0

Hours/week

1
Janice Sanders

Trustee

Total calculated

$0

Hours/week

1
Jennifer Slack

Trustee

Total calculated

$0

Hours/week

1
Joel Sassa

Trustee

Total calculated

$0

Hours/week

1
John Flynn

Trustee

Total calculated

$0

Hours/week

1
Laurence Talley

Trustee

Total calculated

$0

Hours/week

1
Lee Ann Thorn

Trustee

Total calculated

$0

Hours/week

1
Mark Fedor

Trustee

Total calculated

$0

Hours/week

1
Matthew Darrah

Chair - Board of Trustees

Total calculated

$0

Hours/week

1
Mei-Lin Khoo

Trustee

Total calculated

$0

Hours/week

1
Michelle Shaheen-Wires

Trustee

Total calculated

$0

Hours/week

1
Nancy Hill

Trustee

Total calculated

$0

Hours/week

1
Nicholas Walker

Trustee

Total calculated

$0

Hours/week

1
Rachelle Brown

Trustee

Total calculated

$0

Hours/week

1
Richard Drake

Vice Chair - Board of Trustees

Total calculated

$0

Hours/week

1
Richard Marabito

Trustee

Total calculated

$0

Hours/week

1
Robert Curry

Trustee

Total calculated

$0

Hours/week

1
Robert Newbold

Trustee

Total calculated

$0

Hours/week

1
Scott Gindlesberger

Trustee

Total calculated

$0

Hours/week

1
Sean Moore

Trustee

Total calculated

$0

Hours/week

1
Suzan Goris

Trustee

Total calculated

$0

Hours/week

1
Victor Boschini

Trustee

Total calculated

$0

Hours/week

1
W Michael Jarrett

Trustee

Total calculated

$0

Hours/week

1
Bryan Boatright

VP Academic Affairs/Dean Graduate Studies

Total calculated

$158,036

From this org

$138,672

From related orgs

$0

Other

$19,364

Hours/week

40

Schedule J breakdown matched by us

Base

$138,672

Bonus

$0

Other

$0

Deferred

$14,350

Nontaxable benefits

$5,014

Filer's total

$158,036
Caitlin Clark

VP for Enrollment

Total calculated

$148,347

From this org

$127,695

From related orgs

$0

Other

$20,652

Hours/week

40
Gregory King

President

Total calculated

$435,517

From this org

$352,410

From related orgs

$0

Other

$83,107

Hours/week

40

Schedule J breakdown matched by us

Base

$335,768

Bonus

$0

Other

$16,642

Deferred

$64,100

Nontaxable benefits

$19,007

Filer's total

$435,517
John Frazier

VP For Student Affairs

Total calculated

$188,638

From this org

$170,449

From related orgs

$0

Other

$18,189

Hours/week

40

Schedule J breakdown matched by us

Base

$170,449

Bonus

$0

Other

$0

Deferred

$17,133

Nontaxable benefits

$1,056

Filer's total

$188,638
Logan Aguiniga

VP For Advancement

Total calculated

$156,287

From this org

$142,339

From related orgs

$0

Other

$13,948

Hours/week

40

Schedule J breakdown matched by us

Base

$142,339

Bonus

$0

Other

$0

Deferred

$13,734

Nontaxable benefits

$214

Filer's total

$156,287
Patrick Heddleston

Senior VP & CFO

Total calculated

$311,667

From this org

$253,311

From related orgs

$0

Other

$58,356

Hours/week

40

Schedule J breakdown matched by us

Base

$247,579

Bonus

$0

Other

$5,732

Deferred

$45,969

Nontaxable benefits

$12,387

Filer's total

$311,667
Robert Gervasi

Former Interim President

Total calculated

$200,233

From this org

$187,415

From related orgs

$0

Other

$12,818

Hours/week

40

Schedule J breakdown matched by us

Base

$187,005

Bonus

$0

Other

$410

Deferred

$0

Nontaxable benefits

$12,818

Filer's total

$200,233
Sandra Madar

VP Academic Affairs/Dean CNHS

Total calculated

$210,916

From this org

$184,528

From related orgs

$0

Other

$26,388

Hours/week

40

Schedule J breakdown matched by us

Base

$184,528

Bonus

$0

Other

$0

Deferred

$19,150

Nontaxable benefits

$7,238

Filer's total

$210,916
Betsy Ekey

Professor, Physician Assistant

Total calculated

$151,174

From this org

$137,215

From related orgs

$0

Other

$13,959

Hours/week

40

Schedule J breakdown matched by us

Base

$137,215

Bonus

$0

Other

$0

Deferred

$13,722

Nontaxable benefits

$237

Filer's total

$151,174
Betty Allen

Professor, Nursing

Total calculated

$140,384

From this org

$127,450

From related orgs

$0

Other

$12,934

Hours/week

40
Gerald Wuchter

Professor, Mathematics

Total calculated

$138,681

From this org

$122,837

From related orgs

$0

Other

$15,844

Hours/week

40
Ronald Crowl

Director of Special Projects

Total calculated

$139,535

From this org

$126,638

From related orgs

$0

Other

$12,897

Hours/week

30
Sheryl Holt

Director, Physical Therapy

Total calculated

$139,827

From this org

$124,289

From related orgs

$0

Other

$15,538

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. 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
1a · Health or social club dues or initiation fees
1a · Personal services (maid, chauffeur, chef)
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
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

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: HOUSING FOR THE PRESIDENT IS PROVIDED BY THE UNIVERSITY AND REQUIRED BY CONTRACT. THE RESIDENCE IS CONTIGUOUS TO THE CAMPUS, THE PRESIDENT IS REQUIRED TO LIVE THERE AND IS REQUIRED TO CONDUCT UNIVERSITY-RELATED BUSINESS THERE PER HIS CONTRACT. DUE TO CODE SECTION 119 EXCLUSION, THIS AMOUNT IS NOT INCLUDED IN TAXABLE INCOME. THE VALUE OF THIS HOUSING TOTALS $25,000 AND IS INCLUDED IN COLUMN D ON PT. II. GREG KING AND ROBERT GERVASI BOTH RECEIVED $12,500 IN NONTAXABLE HOUSING BENEFITS DURING THE YEAR.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees: THE PRESIDENT AND THE CFO HAVE COUNTRY CLUB DUES PAID BY THE UNIVERSITY FOR BUSINESS ENTERTAINMENT PURPOSES. THE DUES IN COLUMN III ARE TAXABLE FOR PERSONAL USE. USAGE IS DOCUMENTED TO DETERMINE THE PERSONAL VERSUS BUSINESS USE.
Schedule J, Part I, Line 1a Personal services: THE PRESIDENT ALSO USES A HOUSEKEEPING SERVICE THAT IS INCLUDED AS A TAXABLE FRINGE BENEFIT ON HIS W-2.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN THAT IS CONSIDERED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. FOR YEAR ENDED JUNE 30, 2024 THE FOLLOWING EMPLOYER CONTRIBUTIONS WERE MADE: GREGORY KING: $30,000 PATRICK HEDDLESTON: $20,000

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.

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.

Related corporations and trusts

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

CHARITABLE REMAINDER TRUSTS (10)

Trust · CHARITABLE TR · OH

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 29 April 2025
IRS schema version: 2023v6.0
Source object: 202521199349300842

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