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Nonprofiteer
← UNIVERSITY OF JAMESTOWN

Form 990 for tax year 2024

Filed by UNIVERSITY OF JAMESTOWN.

Totals

Total revenue
$67,512,683
Total expenses
$54,190,503
Contributions and grants received
$17,022,817
Grants paid
$14,907,991
Program service revenue
$38,037,751
Investment income
$12,105,950
Other revenue
$346,165
Total assets, end of year
$152,982,864
Total liabilities, end of year
$35,874,152
Net assets or fund balances, end of year
$117,108,712
Program services expenses (Part IX)
$50,333,021
Management and general expenses
$3,024,089
Fundraising expenses
$833,393
Program service expenses (Part III)
$50,333,021

Program services were 92.9% 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.

  • 1c · Fundraising events

    $73,225

  • 1e · Government grants (contributions)

    $509,539

  • 1f · All other contributions, gifts and grants

    $16,440,053

  • 1g · Noncash contributions included above

    $2,498,734

  • 2a · Program service revenue: Tuition & Fees

    total $30,570,698 · related or exempt $30,570,698

  • 2b · Program service revenue: Auxillary Income

    total $7,325,128 · related or exempt $7,325,128

  • 2c · Program service revenue: Federal Aid Reimb

    total $22,933 · related or exempt $22,933

  • 2f · All other program service revenue

    total $118,992 · related or exempt $118,992

  • 3 · Investment income

    total $1,388,274 · excluded $1,388,274

  • 5 · Royalties

    total $239,365 · excluded $239,365

  • 6a · Gross rents

    real property $187,458

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $187,458

  • 6d · Net rental income or loss

    total $187,458 · excluded $187,458

  • 7a · Gross sales of assets other than inventory

    securities $8,858,293 · other assets $10,675,973

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

    securities $8,816,590 · other assets $0

  • 7c · Gain or loss

    securities $41,703 · other assets $10,675,973

  • 7d · Net gain or loss

    total $10,717,676 · excluded $10,717,676

  • 8a · Fundraising events: gross income

    $83,243

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

    $73,225

  • 8b · Fundraising events: direct expenses

    $163,901

  • 8c · Net income from fundraising events

    total -$80,658 · excluded -$80,658

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $14,907,991 · program services $14,907,991

  • 5 · Compensation of officers, directors and key employees

    total $739,195 · program services $232,744 · management and general $385,212 · fundraising $121,239

  • 7 · Other salaries and wages

    total $16,835,538 · program services $15,704,628 · management and general $715,796 · fundraising $415,114

  • 8 · Pension plan contributions

    total $586,194 · program services $552,955 · management and general $20,142 · fundraising $13,097

  • 9 · Other employee benefits

    total $1,754,338 · program services $1,608,939 · management and general $98,101 · fundraising $47,298

  • 10 · Payroll taxes

    total $1,140,582 · program services $1,036,578 · management and general $69,828 · fundraising $34,176

  • 11b · Fees: legal

    total $38,763 · management and general $38,763

  • 11c · Fees: accounting

    total $73,793 · management and general $73,793

  • 11d · Fees: lobbying

    total $42,000 · program services $42,000

  • 11f · Fees: investment management

    total $148,600 · management and general $148,600

  • 12 · Advertising and promotion

    total $1,443,248 · program services $1,401,553 · fundraising $41,695

  • 13 · Office expenses

    total $1,504,621 · program services $1,393,968 · management and general $89,167 · fundraising $21,486

  • 14 · Information technology

    total $862,236 · program services $832,636 · management and general $29,600

  • 16 · Occupancy

    total $3,528,619 · program services $3,528,619

  • 17 · Travel

    total $415,238 · program services $375,257 · management and general $31,026 · fundraising $8,955

  • 19 · Conferences, conventions and meetings

    total $88,998 · management and general $88,998

  • 20 · Interest

    total $731,425 · management and general $731,425

  • 22 · Depreciation, depletion and amortization

    total $2,443,416 · program services $2,420,982 · management and general $14,956 · fundraising $7,478

  • 24a · Other expenses: Contract Food Services

    total $2,177,585 · program services $2,177,585

  • 24b · Other expenses: Repair & Maintenance

    total $1,501,955 · program services $1,498,187 · management and general $2,012 · fundraising $1,756

  • 24c · Other expenses: Athletics/Music Program

    total $1,488,047 · program services $1,366,739 · fundraising $121,308

  • 24d · Other expenses: Auxiliary Cost of Goods

    total $187,682 · program services $187,682

  • 24e · All other expenses

    total $1,550,439 · program services $1,063,978 · management and general $486,670 · fundraising -$209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,558 · end of year $14,197

  • 2 · Savings and temporary cash investments

    beginning of year $8,351,245 · end of year $9,147,705

  • 3 · Pledges and grants receivable

    beginning of year $6,380,068 · end of year $5,670,947

  • 4 · Accounts receivable

    beginning of year $1,218,174 · end of year $2,959,343

  • 7 · Other notes and loans receivable

    beginning of year $875,000 · end of year $875,000

  • 8 · Inventories for sale or use

    beginning of year $264,171 · end of year $33,535

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,024 · end of year $95,536

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

    $101,859,852

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

    $42,334,799

  • 10c · Land, buildings and equipment, net

    beginning of year $46,462,354 · end of year $59,525,053

  • 11 · Investments: publicly traded securities

    beginning of year $5,948 · end of year $500

  • 12 · Investments: other securities

    beginning of year $48,025,346 · end of year $54,223,251

  • 13 · Investments: program-related

    beginning of year $176,256 · end of year $97,205

  • 15 · Other assets

    beginning of year $20,843,372 · end of year $20,340,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,558,794 · end of year $5,649,190

  • 18 · Grants payable

    beginning of year $104,759 · end of year $64,258

  • 19 · Deferred revenue

    beginning of year $1,494,349 · end of year $2,334,339

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,700,000 · end of year $3,700,000

  • 21 · Escrow or custodial account liability

    beginning of year $225,768 · end of year $335,472

  • 23 · Secured mortgages and notes payable

    beginning of year $3,746,682 · end of year $3,231,879

  • 25 · Other liabilities

    beginning of year $21,284,052 · end of year $20,559,014

  • 27 · Net assets without donor restrictions

    beginning of year $35,591,983 · end of year $40,184,173

  • 28 · Net assets with donor restrictions

    beginning of year $64,012,129 · end of year $76,924,539

Mission and programs · 2024

Mission

University of Jamestown is a community dedicated to the development of wholeness in our students. We adhere to a curriculum of academic excellence which balances the ideals of the liberal arts tradition and sound professional preparation. Our Christian tradition encourages an atmosphere of self-discipline, responsibility and concern for continuing growth of the individual.

Activities or mission (Part I)

Education

  • University of Jamestown is a residential, independent, four-year, coeducation, Liberal Arts College related to the Presbyterian Church (U.S.A.). The University was chartered in 1884. The first classes began in September 1886. Throughout its more than 100-year history, the University of Jamestown has consistently stood for academic excellence and Christian principles in all that it does. The University offers Bachelor of Arts and Bachelor of Science degrees in 57 major areas of study, as well as 41 minors and 5 pre-professional programs. The University expanded its offerings to also offer master's degrees in 7 areas of study, doctoral degrees in 3 areas of study, as well as online certificate programs. University of Jamestown has been a continuously accredited member of the North Central Association since 1920.Post-Secondary Education: Instruction - Academic programs with approximately 1300 FTE students enrolled. Bachelor of Arts, Bachelor of Science, masters, and doctoral degrees are awarded by the institution.

    Expenses $12,351,776 · Revenue $30,570,698

  • Post-Secondary Education: Student Aid - Institutional scholarships and work programs offered to students. Aid is awarded both based upon need and scholastic achievement.

    Expenses $14,907,991 · Grants $14,907,991

  • Post-Secondary Education: General Administrative Support - Physical plant, general institution and administrative support.

    Expenses $9,782,436 · Revenue $141,925

  • Post-Secondary Education: Auxiliary Enterprises - Student housing, food services, and bookstore.

    Expenses $3,622,448 · Revenue $7,325,128

  • Post-Secondary Education: Student Services - Counseling, financial aid, registrar, recruiting and academic assistance.

    Expenses $6,416,451

  • Post-Secondary Education: Other Sponsored Programs - Athletics, choir, band.

    Expenses $2,852,228

  • Post-Secondary Education: Library - Provide educational support via books, publications, periodicals, multimedia, and through other means to academic departments and students.

    Expenses $399,691

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Todd Steinwand

    Chairman

    Total calculated
    $0
    Hours/week
    3 + 0.1 related

  • Shane Berg

    1st Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • Steve Bietz

    2nd Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • Alan Berg

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • William Bernhagen

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Kelly Krein

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Alan Lindberg

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Virgil Miedema

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Robert Piatz

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Sandi Piatz

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Jasper Schneider

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Peggy Foss

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Brian Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Jim Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Jill Seibold Sisk

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Paul Sukut

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Terry Wanzek

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Mark Wolf

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Jeff Young

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Richard Hall

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Jo-Ida Hansen

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • David Haukaas

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Bart Holaday

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Larry Langemo

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Robert McLennan

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • David Muhs

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Kari Newman Ness

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Sheryl Ramstad

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Matthew Gooding

    Ex Officio Trustee as of Jan 2025

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Marybeth Hegstad

    Ex Officio Trustee until Fall 2024

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Polly Peterson

    President

    Total calculated
    $352,128
    From this org
    $317,697
    From related orgs
    $0
    Other
    $34,431
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $317,697
    Bonus
    $0
    Other
    $0
    Deferred
    $15,885
    Nontaxable benefits
    $18,576
    Filer's total
    $352,158

  • Kresha Wiest

    Chief Financial Officer

    Total calculated
    $152,402
    From this org
    $145,145
    From related orgs
    $0
    Other
    $7,257
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $145,145
    Bonus
    $0
    Other
    $0
    Deferred
    $7,257
    Nontaxable benefits
    $30
    Filer's total
    $152,432

  • Paul Olson

    Executive Vice President

    Total calculated
    $206,929
    From this org
    $187,581
    From related orgs
    $0
    Other
    $19,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,581
    Bonus
    $0
    Other
    $0
    Deferred
    $9,379
    Nontaxable benefits
    $9,999
    Filer's total
    $206,959

  • Kristin Lefebvre

    Vice President

    Total calculated
    $153,432
    From this org
    $146,126
    From related orgs
    $0
    Other
    $7,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,126
    Bonus
    $0
    Other
    $0
    Deferred
    $7,306
    Nontaxable benefits
    $30
    Filer's total
    $153,462

  • Greg Ulland

    Vice President

    Total calculated
    $154,661
    From this org
    $141,984
    From related orgs
    $0
    Other
    $12,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,984
    Bonus
    $0
    Other
    $0
    Deferred
    $7,099
    Nontaxable benefits
    $5,608
    Filer's total
    $154,691

  • Sara Voorhees

    Professor

    Total calculated
    $150,922
    From this org
    $134,241
    From related orgs
    $0
    Other
    $16,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,241
    Bonus
    $0
    Other
    $0
    Deferred
    $6,712
    Nontaxable benefits
    $9,999
    Filer's total
    $150,952

  • Brett Moser

    Vice President

    Total calculated
    $143,675
    From this org
    $130,288
    From related orgs
    $0
    Other
    $13,387
    Hours/week
    40

  • Dustin Jensen

    Vice President

    Total calculated
    $138,344
    From this org
    $126,444
    From related orgs
    $0
    Other
    $11,900
    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
  • 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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 President receives a housing allowance which is properly reported as taxable income on the W-2.

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.

  • Jamestown College Foundation

    501(c)(3) · Support of University of Jamestown · ND · controlled entity

    Directly controlled by University of Jamestown

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.

  • Perpetual Trusts (2)

    T · Charitable Trust · ND · controlled entity

  • Perpetual Trust (1)

    T · Charitable Trust · IN · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
2 October 2025
IRS schema version
2024v5.2
Source object
202522889349300227

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