Civic Intelligence

University of Mount Union

990 • Fiscal year 2015 • EIN 34-0714687

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

1972 Clark AveAlliance, OH 44601

(330) 823-6572

Siviq Scores

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

Liabilities / Assets

26th percentile

0.15x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

48th percentile

0.53x

Higher debt load relative to revenue than 48% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Net Margin

53rd percentile

7.2%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

20th percentile

$432,426

Higher top officer pay than 20% of similar nonprofits.

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

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Asset Growth

23rd percentile

-2.1%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

8.8%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Assets

Down

$305,825,992

Down $6,429,092 (-2.1%) from 2014

Net Assets

Down

$258,574,693

Down $3,781,576 (-1.4%) from 2014

Liabilities

Down

$47,251,299

Down $2,647,516 (-5.3%) from 2014

Revenue

Up

$88,873,572

Up $7,224,014 (+8.8%) from 2014

Expenses

Up

$82,514,976

Up $4,528,133 (+5.8%) from 2014

Net Income

Up

$6,358,596

Up $2,695,881 (+74%) from 2014

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $243,607,396Liabilities 2010: $40,226,390Net Assets 2010: $203,381,0062010Assets 2012: $279,576,731Liabilities 2012: $47,904,544Net Assets 2012: $231,672,1872012Assets 2013: $296,243,633Liabilities 2013: $49,140,328Net Assets 2013: $247,103,3052013Assets 2014: $312,255,084Liabilities 2014: $49,898,815Net Assets 2014: $262,356,2692014Assets 2015: $305,825,992Liabilities 2015: $47,251,299Net Assets 2015: $258,574,6932015Assets 2016: $293,278,191Liabilities 2016: $44,192,723Net Assets 2016: $249,085,4682016Assets 2017: $297,398,240Liabilities 2017: $38,139,712Net Assets 2017: $259,258,5282017Assets 2018: $301,480,964Liabilities 2018: $37,764,177Net Assets 2018: $263,716,7872018Assets 2019: $306,358,681Liabilities 2019: $34,691,548Net Assets 2019: $271,667,1332019Assets 2020: $302,407,966Liabilities 2020: $35,755,794Net Assets 2020: $266,652,1722020Assets 2021: $335,252,769Liabilities 2021: $30,596,566Net Assets 2021: $304,656,2032021Assets 2022: $316,310,745Liabilities 2022: $25,364,171Net Assets 2022: $290,946,5742022Assets 2023: $322,392,514Liabilities 2023: $22,858,310Net Assets 2023: $299,534,2042023Assets 2024: $328,452,670Liabilities 2024: $22,907,617Net Assets 2024: $305,545,0532024Assets 2025: $343,621,500Liabilities 2025: $21,247,143Net Assets 2025: $322,374,3572025

Highlighted filing

2015

Assets$305,825,992
Liabilities$47,251,299
Net Assets$258,574,693

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $69,949,0892010Expenses 2012: $74,227,2102012Expenses 2013: $78,637,7492013Revenue 2014: $81,649,558Expenses 2014: $77,986,843Net Income 2014: $3,662,7152014Revenue 2015: $88,873,572Expenses 2015: $82,514,976Net Income 2015: $6,358,5962015Revenue 2016: $78,695,893Expenses 2016: $83,908,219Net Income 2016: -$5,212,3262016Revenue 2017: $88,032,402Expenses 2017: $86,679,775Net Income 2017: $1,352,6272017Revenue 2018: $90,311,751Expenses 2018: $87,542,657Net Income 2018: $2,769,0942018Revenue 2019: $100,253,688Expenses 2019: $91,667,446Net Income 2019: $8,586,2422019Revenue 2020: $88,708,823Expenses 2020: $92,072,564Net Income 2020: -$3,363,7412020Revenue 2021: $103,752,104Expenses 2021: $90,579,023Net Income 2021: $13,173,0812021Revenue 2022: $109,042,625Expenses 2022: $94,753,948Net Income 2022: $14,288,6772022Revenue 2023: $94,384,895Expenses 2023: $96,620,001Net Income 2023: -$2,235,1062023Revenue 2024: $97,433,567Expenses 2024: $100,273,630Net Income 2024: -$2,840,0632024Revenue 2025: $120,336,073Expenses 2025: $107,184,287Net Income 2025: $13,151,7862025

Highlighted filing

2015

Revenue$88,873,572
Expenses$82,514,976
Net Income$6,358,596
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$129,008,687
Mission and Program Overview

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.

With 62 undergraduate majors and minors to choose from, university of mount union offers a wide array of academic coursework in keeping with the liberal arts tradition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$151,123,474$156,506,251▲ $5,382,777
Investments in Publicly Traded Securities$98,915,593$96,821,318▼ $2,094,275
Savings and Temporary Cash Investments$21,677,255$17,067,103▼ $4,610,152
Investments Other Securities$14,839,874$14,528,122▼ $311,752
Other Notes and Loans Receivable, Net$3,401,256$3,505,731▲ $104,475
Pledges and Grants Receivable$3,126,837$2,702,417▼ $424,420
Accounts Receivable$1,132,829$1,328,489▲ $195,660
Inventories for Sale or Use$329,160$332,272▲ $3,112
Cash and Non-Interest-Bearing Accounts$5,004$6,284▲ $1,280
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$312,255,084$305,825,992▼ $6,429,092
Other Assets Total$17,703,802$13,028,005▼ $4,675,797
Liabilities
Tax Exempt Bond Liabilities$24,125,000$23,360,000▼ $765,000
Unsecured Notes Loans Payable$11,590,121$10,286,197▼ $1,303,924
Accounts Payable and Accrued Expenses$7,571,875$7,072,024▼ $499,851
Other Liabilities$3,476,967$3,357,233▼ $119,734
Deferred Revenue$3,134,852$3,175,845▲ $40,993
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$49,898,815$47,251,299▼ $2,647,516
Net Assets / Fund Balance
Unrestricted Net Assets$115,468,843$123,432,966▲ $7,964,123
Temporarily Rstr Net Assets$84,100,533$70,511,189▼ $13,589,344
Permanently Rstr Net Assets$62,786,893$64,630,538▲ $1,843,645
Total Net Assets Fund Balance$262,356,269$258,574,693▼ $3,781,576
Total Liabilities and Net Assets / Fund Balance$312,255,084$305,825,992▼ $6,429,092

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$129,854,079$58,826,735$188,680,814
Land$21,527,113-$21,527,113
Equipment$4,999,045$15,001,161$20,000,206
Other Land Buildings$126,014-$126,014

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$136,177,125$1,868,429▲ $403,203$3,709,377$132,648,757
2013$124,860,444$-1,020,763▲ $18,017,444$3,700,932$136,177,125
2012$120,265,653$-4,441,171▲ $14,285,962$3,362,290$124,860,444
2011$125,792,859$803,660▼ $1,422,805$3,145,867$120,265,653
2010$107,469,127$4,518,193▲ $18,850,653$3,129,858$125,792,859
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard GiesePresidentFT$292,838$139,588$432,426
Larry KehresAthletic DirectorFT$217,140$35,425$252,565
Patricia DravesVP for Academic AffairsFT$187,383$54,349$241,732
Patrick HeddlestonVP Business Affairs/treasurerFT$181,157$54,546$235,703
Gregory KingVP for AdvancementFT$171,981$34,661$206,642
Amy TomkoVP for Enrollment ServicesFT$158,672$29,194$187,866
Osama JadaanProfessor C.e. and M.e.FT$154,568$33,253$187,821
John FrazierVP for Student AffairsFT$132,408$24,877$157,285
Robert FramptonAssociate Prof. Phys. TherapyFT$116,885$30,998$147,883
Sharon LukeDirector of Phys. Asst. Prog.FT$123,773$12,680$136,453
Harry PaidasProfessor CommunicationsFT$106,123$25,516$131,639
Nezam Al-nsairDirector of NursingFT$111,584$17,125$128,709
Melissa GardnerVP for MarketingFT$86,585$25,636$112,221

Highest Paid Contractors

ContractorServicesLocationCompensation
Stevens Strategy LLCConsultingP O BOX 72, Grantham, NH 03753$179,490
Westlake Reed LeskoskyArchitectsP O BOX 932273, Cleveland, OH 44193$166,610
Green Brothers PaintingPainting74 E GRANT ST, Alliance, OH 44601$141,591
Kb Port LLCNursing Equipment2853 OXFORD BLVD STE 107, Allison Park, PA 15101$103,513
Revenue and Support

Revenue Composition

Contributions and Grants
$6,406,814
Program Service Revenue
$74,086,114
Investment Income
$8,300,428
Other Revenue
$80,216
All Other Contributions
$6,255,851
Change in Net Assets
$6,358,596

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$600,000Appraisal
Securities Publicly Traded47$493,128Average Stock Cost
Other Non Cash Contri Table1$5,075Appraisal
Total Noncash Contributions49$1,098,203-

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,938,090
Revenue Not Reported on Financial Statements
$26,935,482
Revenue Not Reported on Form 990
$-7,838,035
Other Revenue Adjustments
$26,935,482
Total Revenue per Audited Statements
$54,100,055
Total Revenue per Form 990
$88,873,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$31,978,344
Grants and Similar Amounts Paid$26,802,800
Other Expenses$23,733,832
Total Fundraising Expense$2,040,180
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$26,802,800--$26,802,800
Other Salaries and Wages$20,650,708$1,946,332$669,782$23,266,822
Depreciation Depletion$5,170,686$7,284-$5,177,970
Office Expenses$3,122,426$404,135$141,789$3,668,350
Occupancy$3,408,495$205,211-$3,613,706
Other Employee Benefits$2,435,582$578,246$208,898$3,222,726
Fees for Services Other$2,904,549$117,221-$3,021,770
Pension Plan Contributions$1,593,536$365,907$66,114$2,025,557
Current Officers, Directors, Trustees, and Key Employees$773,123$533,003$482,603$1,788,729
Payroll Taxes$1,329,593$267,901$77,016$1,674,510
Information Technology$1,501,428$108,508-$1,609,936
Interest$1,526,861$79,695-$1,606,556
Travel$1,272,297$89,583$117,433$1,479,313
Conferences and Meetings$379,690$101,991$138,815$620,496
Insurance$414,920--$414,920
Advertising$281,572$10,954$37,947$330,473
All Other Expenses$121,531$145,322$6,828$273,681
Fees for Services Legal$73,550$152,056-$225,606
Other Expenses$162,645$89,470$44,146$162,645
Fees for Services Accounting-$95,335-$95,335
Total Functional Expenses$75,084,254$5,390,542$2,040,180$82,514,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$82,514,976
Total Expenses per Audited Statements$54,873,162
Expenses per Audited Statements$54,861,681
Expenses Not Reported on Financial Statements$27,653,295
Other Expense Adjustments$27,653,295
Expenses Not Reported on Form 990$11,481
International Activity

International Summary

Spending
$7,641,619

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$7,602,382
Central America and the CaribbeanProgram ServicesEducational Activities--$17,687
Europe (Including Iceland and Greenland)Program ServicesEducational Activities--$12,119
East Asia and the PacificProgram ServicesEducational Activities--$6,195
North AmericaProgram ServicesEducational Activities--$2,701
Russia and the Newly Independent StatesProgram ServicesEducational Activities--$535
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$28,967
Gaming Direct Expenses$11,481
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jeffrey DravesHusband of P DravesCompensation - Prof. of Chem.No$84,789

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Obligations$1,788,711
Deposits and Other$1,313,697
Unamortized Premium$254,825

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState of Ohio Higher Education Facility2006-07-26$16,408,159Student residence - new facilities
BState of Ohio Higher Education Facility2010-07-26$11,204,308Student residence - new and renova

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,207,488$0$0$236,713
B$11,216,494$0$0$216,900

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Review is conducted by finance, compensation and audit committees of the board of trustees during a joint meeting before the 990 is filed. After this review, a copy of the form is provided to all board members and then submitted to the irs.

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

Compliance with university policy on conflict of interest is conducted by the audit committee. Every trustee is required to fill out a conflict of interest questionnaire annually. Trustees are required to disclose actual or potential conflict of interest in any transaction for the university that involves themselves or members of their immediate families. A summary of all the answers from the questionnaire is sent to members of the audit committee for review and any relationships are assessed to ensure they are in compliance with the policy. Potential matters under the policy are escalated and reviewed by the chair of the committee and the president, as well as legal counsel if necessary. Trustees with any disclosed conflict must refrain from using personal influence in the matter and will recuse themselves from any discussions and/or voting on the matter. The board of trustees, after exercising its business judgment and discretion, will make a determination if the transaction is reasonable, fair and consistent with university practices.

Form 990, Part VI, Section B, Line 15A and 15B

The board has established a compensation committee that reviews a compensation comparative of other ohio athletic conference (oac) schools as well as a list of 24 competitor institutions to evaluate the salary of the president and vice presidents. The results are reviewed by the compensation committee, approved by the executive committee and disclosed to the full board of trustees.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, form 990 and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
University of Mount Union
EIN
34-0714687
In Care Of
% PATRICK D HEDDLESTON
Phone
3308236572
Address
1972 CLARK AVE, ALLIANCE, OH 44601

Signing Officer

Name
Patrick D Heddleston
Title
VP for Business Affairs
Phone
3308236564
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick D Heddleston
Formed
1846
Legal Domicile
Oh
Voting Board Members
31
Independent Board Members
31
Employees
1,747
Volunteers
133

Preparer

Firm
Bkd Llp
Address
200 E Main St Suite 700, Fort Wayne, IN 46802
Preparer
Joyce A Dulworth
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in value of split interest agreement (132,682) change in value of interest rate swap (7,145) derecognition of trust (2,150,829) total: (2,290,656)

Financial Statement Notes

Schedule D, Part V, Line 4

Endowment funds are held in perpetuity for the purposes of annually providing a percentage of their value as scholarships, professorships, facilities, prizes and academic programs.

Asc 740

Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Part XI and XII, Line 2D

Gaming Expense 11,481 Part XI, Line 4B Change in Value of Split-Interest Agreements 132,682 Financial Aid 26,802,800 Total: 26,935,482 Part XII, Line 4B Financial Aid 26,802,800 EARLY RETIREMENT BUYOUT 850,495 TOTAL: 27,653,295

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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/Desc0THE LARGEST PROGRAM SERVICE IS UNDERGRADUATE AND GRADUATE EDUCATION. BACHELOR'S DEGREES IN ARTS, MUSIC, MUSIC EDUCATION AND SCIENCE ARE OFFERED. THERE ARE 62 UNDERGRADUATE MAJORS INCLUDING BUSINESS ADMINISTRATION, EDUCATION AND SPORTS BUSINESS. MASTER'S DEGREES IN PHYSICIAN ASSISTANCE STUDIES AND ART AND EDUCATIONAL LEADERSHIP ARE OFFERED. THE TOTAL ENROLLMENT FOR FALL 2014 WAS 2,262 STUDENTS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$344$21.2$322$120$107$13.2
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$328$22.9$306$97.4$100$2.84
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$322$22.9$300$94.4$96.6$2.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$316$25.4$291$109$94.8$14.3
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$335$30.6$305$104$90.6$13.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$302$35.8$267$88.7$92.1$3.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$306$34.7$272$100$91.7$8.59
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$301$37.8$264$90.3$87.5$2.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$297$38.1$259$88.0$86.7$1.35
2016Detailed filing. Detailed filing data is available for this year.$293$44.2$249$78.7$83.9$5.21
2015Detailed filing. Detailed filing data is available for this year.$306$47.3$259$88.9$82.5$6.36
2014Detailed filing. Detailed filing data is available for this year.$312$49.9$262$81.6$78.0$3.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$296$49.1$247$78.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$280$47.9$232$74.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$244$40.2$203$69.9