Civic Intelligence

Houghton University

990 • Fiscal year 2016 • EIN 16-0743045

Jun 01, 2015 to May 31, 2016 • Filed on Apr 18, 2017

1 Willard AvenueHoughton, NY 14744

(585) 567-9312

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.31x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • NTEE B • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.77x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • NTEE B • $100M-$250M nonprofits • Source year 2016

Net Margin

20th percentile

-6.7%

Higher net margin than 20% of similar nonprofits.

2016 filings • NTEE B • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

15th percentile

$220,884

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

21st percentile

-3.4%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

48th percentile

2.3%

Faster revenue growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$106,119,998

Down $3,700,458 (-3.4%) from 2015

Net Assets

Down

$72,833,369

Down $2,913,265 (-3.8%) from 2015

Liabilities

Down

$33,286,629

Down $787,193 (-2.3%) from 2015

Revenue

Up

$42,962,208

Up $954,851 (+2.3%) from 2015

Expenses

Up

$45,845,586

Up $1,893,719 (+4.3%) from 2015

Net Income

Down

-$2,883,378

Down $938,868 (-48%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $83,698,789Liabilities 2010: $31,012,322Net Assets 2010: $52,686,4672010Assets 2011: $89,895,931Liabilities 2011: $30,671,482Net Assets 2011: $59,224,4492011Assets 2012: $90,582,578Liabilities 2012: $29,364,568Net Assets 2012: $61,218,0102012Assets 2013: $101,928,707Liabilities 2013: $28,103,979Net Assets 2013: $73,824,7282013Assets 2014: $105,728,657Liabilities 2014: $29,398,128Net Assets 2014: $76,330,5292014Assets 2015: $109,820,456Liabilities 2015: $34,073,822Net Assets 2015: $75,746,6342015Assets 2016: $106,119,998Liabilities 2016: $33,286,629Net Assets 2016: $72,833,3692016Assets 2017: $111,154,884Liabilities 2017: $32,572,236Net Assets 2017: $78,582,6482017Assets 2018: $116,976,805Liabilities 2018: $32,193,443Net Assets 2018: $84,783,3622018Assets 2019: $112,907,624Liabilities 2019: $31,039,088Net Assets 2019: $81,868,5362019Assets 2020: $116,254,027Liabilities 2020: $32,208,711Net Assets 2020: $84,045,3162020Assets 2021: $136,524,198Liabilities 2021: $29,810,241Net Assets 2021: $106,713,9572021Assets 2022: $128,730,517Liabilities 2022: $31,855,768Net Assets 2022: $96,874,7492022Assets 2023: $126,684,978Liabilities 2023: $31,034,434Net Assets 2023: $95,650,5442023Assets 2024: $132,225,933Liabilities 2024: $30,015,937Net Assets 2024: $102,209,9962024

Highlighted filing

2016

Assets$106,119,998
Liabilities$33,286,629
Net Assets$72,833,369

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $44,638,7332010Expenses 2011: $45,334,8162011Expenses 2012: $45,499,6562012Expenses 2013: $43,490,1482013Revenue 2014: $41,620,314Expenses 2014: $42,519,790Net Income 2014: -$899,4762014Revenue 2015: $42,007,357Expenses 2015: $43,951,867Net Income 2015: -$1,944,5102015Revenue 2016: $42,962,208Expenses 2016: $45,845,586Net Income 2016: -$2,883,3782016Revenue 2017: $46,098,447Expenses 2017: $46,570,626Net Income 2017: -$472,1792017Revenue 2018: $48,109,120Expenses 2018: $46,666,061Net Income 2018: $1,443,0592018Revenue 2019: $47,330,843Expenses 2019: $47,051,979Net Income 2019: $278,8642019Revenue 2020: $45,557,132Expenses 2020: $45,877,278Net Income 2020: -$320,1462020Revenue 2021: $46,783,806Expenses 2021: $43,266,270Net Income 2021: $3,517,5362021Revenue 2022: $37,909,785Expenses 2022: $34,454,628Net Income 2022: $3,455,1572022Revenue 2023: $34,286,849Expenses 2023: $34,123,569Net Income 2023: $163,2802023Revenue 2024: $32,138,426Expenses 2024: $35,655,826Net Income 2024: -$3,517,4002024

Highlighted filing

2016

Revenue$42,962,208
Expenses$45,845,586
Net Income-$2,883,378
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Apr 18, 2017
Return Version
2015v3.0
Gross Receipts
$43,414,988
Mission and Program Overview

Mission

Houghton university provides an academically challenging, christ-centered education in the liberal arts and sciences to students from diverse traditions and economic backgrounds and equips them to lead and labor as scholar-servants in a changing world.

Houghton college provides an academically challenging, christ-centered education in the liberal arts and sciences to students from diverse traditions and economic backgrounds and equips them to lead and labor as scholar-servants in a changing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$37,305,470$46,362,544▲ $9,057,074
Land, Buildings, and Equipment, Net$48,346,809$45,940,154▼ $2,406,655
Cash and Non-Interest-Bearing Accounts$5,280,664$3,324,181▼ $1,956,483
Other Notes and Loans Receivable, Net$2,078,492$2,015,461▼ $63,031
Accounts Receivable$1,305,697$1,538,626▲ $232,929
Prepaid Expenses and Deferred Charges$505,396$719,645▲ $214,249
Investments Other Securities$8,986,085$676,855▼ $8,309,230
Inventories for Sale or Use$242,591$262,340▲ $19,749
Investments Program Related$85,808$40,740▼ $45,068
Pledges and Grants Receivable$31,634$25,356▼ $6,278
Total Assets$109,820,456$106,119,998▼ $3,700,458
Other Assets Total$5,651,810$5,214,096▼ $437,714
Liabilities
Other Liabilities$30,328,434$30,067,861▼ $260,573
Accounts Payable and Accrued Expenses$3,103,771$2,583,226▼ $520,545
Deferred Revenue$526,709$563,875▲ $37,166
Mortgage Notes Payable Secured by Investment Property$84,908$71,667▼ $13,241
Grants Payable$30,000--
Total Liabilities$34,073,822$33,286,629▼ $787,193
Net Assets / Fund Balance
Permanently Rstr Net Assets$35,384,711$36,016,372▲ $631,661
Unrestricted Net Assets$27,440,046$24,402,547▼ $3,037,499
Temporarily Rstr Net Assets$12,921,877$12,414,450▼ $507,427
Total Net Assets Fund Balance$75,746,634$72,833,369▼ $2,913,265
Total Liabilities and Net Assets / Fund Balance$109,820,456$106,119,998▼ $3,700,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,238,085$31,755,064$68,993,149
Equipment$3,151,854$8,572,732$11,724,586
Other Land Buildings$4,592,183$3,220,799$7,812,982
Land$958,032-$958,032

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$46,414,117$747,877▲ $1,326,233$2,698,282$45,789,945
2014$45,486,705$734,837▲ $2,308,138$2,115,563$46,414,117
2013$42,524,099$929,583▲ $4,061,718$2,028,695$45,486,705
2012$37,500,578$1,076,365▲ $5,489,630$1,542,474$42,524,099
2011$40,170,853$759,665▲ $1,996,334$1,433,606$37,500,578
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shirley MullenPresidentFT$212,548$8,336$220,884
Kevin BatmanTrustee--$137,580$137,580
Linda Mills-woolseyDean of the College/VP forFT$114,570$6,630$121,200
Robert PoolVP for Student LifeFT$105,547$10,896$116,443
Richard MelsonVP for Advancement and ExtFT$103,175$10,988$114,163
Armenio Suzano JrDean of Greatbatch School of MusicFT$100,013$4,314$104,327
David SmithVP for Finance & PlanningFT$6,182$10,111$16,293

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo INC & AffiliatesCustodial, Maintenance, And Food ServicePO BOX 360170, Pittsburgh, PA 15251$3,886,291
Lechase Construction Services LLCConstruction Services205 INDIGO CREEK DRIVE, Rochester, NY 14224$913,556
Pooler Enterprises INCConstruction ServicesPO BOX 436, Fishers, NY 14453$316,970
Cycaz LLCReal Estate Lease2732 TRANSIT RD, West Seneca, NY 14224$222,000
Keystone AssociatesArchitechural Services58 EXCHANGE STREET, Binghamton, NY 13901$178,031
Revenue and Support

Revenue Composition

Contributions and Grants
$4,392,190
Program Service Revenue
$36,623,239
Investment Income
$1,317,624
Other Revenue
$629,155
All Other Contributions
$2,852,012
Change in Net Assets
$-2,883,378

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$159,161Avg. Hi/low Date Receive
Other Non Cash Contri Table1$4,950Qualified Appraiser
Other Non Cash Contri Table1$500Qualified Appraiser
Other Non Cash Contri Table1$112Qualified Appraiser
Total Noncash Contributions11$164,723-

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,414,988
Revenue Not Reported on Financial Statements
$-452,780
Revenue Not Reported on Form 990
$-13,081,037
Other Revenue Adjustments
$-452,780
Total Revenue per Audited Statements
$30,333,951
Total Revenue per Form 990
$42,962,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,951,565
Salaries, Compensation, and Employee Benefits$15,842,871
Grants and Similar Amounts Paid$13,051,150
Total Fundraising Expense$1,110,184
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$13,051,150--$13,051,150
Other Salaries and Wages$9,224,875$1,890,694$606,597$11,722,166
Fees for Services Other$1,769,486$2,001,132$59,574$3,830,192
Depreciation Depletion$2,895,523$273,791-$3,169,314
Other Employee Benefits$2,237,575$503,565$150,025$2,891,165
Occupancy$1,040,998$1,336,640-$2,377,638
Interest$1,118,177$62,812-$1,180,989
Travel$995,797$84,415$83,058$1,163,270
Office Expenses$571,110$279,524$59,314$909,948
Payroll Taxes$566,529$161,789$40,362$768,680
Information Technology$171,257$148,577-$319,834
Insurance$94,658$145,668-$240,326
Current Officers, Directors, Trustees, and Key Employees-$190,064$47,516$237,580
Pension Plan Contributions$169,079$43,381$10,820$223,280
Advertising$179,492$4,376$11,975$195,843
Other Expenses$173,451$286,260$9,006$173,451
Conferences and Meetings$58,690$60,662$1,395$120,747
Fees for Services Accounting-$74,550-$74,550
Fees for Services Legal-$37,779-$37,779
Royalties$876--$876
All Other Expenses$3,610,106$-3,640,648$30,542-
Total Functional Expenses$40,790,285$3,945,117$1,110,184$45,845,586

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$45,845,586
Total Expenses per Audited Statements$33,247,216
Expenses per Audited Statements$32,794,436
Expenses Not Reported on Financial Statements$13,051,150
Other Expense Adjustments$13,051,150
Expenses Not Reported on Form 990$452,780
International Activity

International Summary

Offices
1
Employees
15
Spending
$1,323,005

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Cayman IslandsInvestmentPointer Offshore Ltd00$470,851
Sub-saharan AfricaProgram ServicesSemester Long Academic Courses17$312,473
EuropeProgram ServicesVarious Semester Long Academic Courses and 3 Week Travel Courses07$310,698
Various CountriesInvestmentSire Partners, Lp00$202,674
Central AmericaProgram Services3 Week Academic Travel Course01$26,309
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Secured Note Payable to Related Organization$24,694,074
Obligations Under Split Interest Agreements$2,631,497
Funds Held on Behalf of Others$2,033,110
Conditional Asset Retirement Obligation$709,180
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 is provided in draft format to the audit committee for review. Upon approval, it is submitted with a recommendation of approval to the board of trustees with a period for providing comments, edits and corrections prior to filing.

Form 990, Part VI, Section B, Line 12C

Each year the members of the board of trustees and senior administrators complete and sign a form disclosing any conflict of interest. If there is a conflict of interest on a matter under consideration at a board meeting, the trustee is not allowed to vote on the matter. The minutes of the meeting will document that the trustee having the conflict of interest abstained from voting.

Form 990, Part VI, Section B, Line 15

For the determination of compensation of the college's president, all members of the executive committee of the board as well as the full board (save the president, who would not be present at these deliberations) would be independent trustees, i.e. They are not employees of the college, nor married to employees, and none of them have business relationships with the college that affects their independence. The process is as follows: 1. Comparative executive compensation data is gathered from several sources: guidestar, coalition of christian colleges and universities, and new york state private colleges. 2. The board executive committee (excluding the president) reviews the comparative compensation data and makes a contract recommendation to the full board. 3. The full board meets in executive session (excluding the president) to discuss the recommended contract and votes on the final contract, which includes stated compensation. Documentation of full board approval of the recommendation appears in the board minutes. For determination of compensation for other officers and key employees, comparison salary data is provided directly to the president by the human resources office. The president then authorizes a certain salary based on both external comparison and internal comparison with other vice presidents.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy and financial statements are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Houghton College
EIN
16-0743045
Phone
5855679312
Address
1 WILLARD AVENUE, HOUGHTON, NY 14744

Signing Officer

Name
Vincent Morris
Title
VP of Finance
Phone
5855679312
Signed
2017-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Shirley Mullen
Formed
1883
Legal Domicile
Ny
Voting Board Members
30
Independent Board Members
28
Employees
1,424
Volunteers
88

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL SUITE 201, PITTSFORD, NY 14534
Preparer
Richard Leicht
Phone
5853811000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in beneficial int. In net assets of willard j. Houghton foundation 2,072. Change in value of split interest agreements 3,696.

FORM 990, PART XII, LINE 2C:

No changes in oversight process or selection process regarding responsibility for oversight of the audit.

Financial Statement Notes

PART III, LINE 1A:

Collection items in the houghton college art collection are held for public exhibition, education, or research in furtherance of public service and are not capitalized. Contributions of collection items are not recognized in the consolidated statement of activities. All proceeds from the sale of collection items are used to acquire other items for the collection.

PART V, LINE 4:

Departmental projects, scholarships to students and student loans.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships and grants -13,051,150. Change in beneficial int. In net assets of willard j. Houghton foundation 2,072. Change in value of split interest agreements 3,696.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -452,780.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 452,780.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 13,051,150.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt26ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE THROUGH 12/31/15
IRS990/Form990PartVIISectionAGrp/TitleTxt31VP FOR FINANCE & PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt32DEAN OF THE COLLEGE/VP FOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33VP FOR STUDENT LIFE
IRS990/Form990PartVIISectionAGrp/TitleTxt34VP FOR ADVANCEMENT AND EXT
IRS990/Form990PartVIISectionAGrp/TitleTxt35DEAN OF GREATBATCH SCHOOL OF MUSIC
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$132$30.0$102$32.1$35.7$3.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$31.0$95.7$34.3$34.1$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$31.9$96.9$37.9$34.5$3.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$137$29.8$107$46.8$43.3$3.52
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$32.2$84.0$45.6$45.9$0.32
2019Summary only. Only limited summary data is available for this year.$113$31.0$81.9$47.3$47.1$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$32.2$84.8$48.1$46.7$1.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$32.6$78.6$46.1$46.6$0.47
2016Detailed filing. Detailed filing data is available for this year.$106$33.3$72.8$43.0$45.8$2.88
2015Detailed filing. Detailed filing data is available for this year.$110$34.1$75.7$42.0$44.0$1.94
2014Detailed filing. Detailed filing data is available for this year.$106$29.4$76.3$41.6$42.5$0.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$28.1$73.8$43.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.6$29.4$61.2$45.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.9$30.7$59.2$45.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.7$31.0$52.7$44.6