Civic Intelligence

Heidelberg University

990 • Fiscal year 2014 • EIN 34-4428219

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

310 East Market StSuite44883-2462

(419) 448-2517

Siviq Scores

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

Liabilities / Assets

38th percentile

0.22x

Higher debt load relative to assets than 38% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

54th percentile

0.56x

Higher debt load relative to revenue than 54% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

24th percentile

$282,821

Higher top officer pay than 24% of similar nonprofits.

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

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$132,734,986

Up $13,572,447 (+11%) from 2013

Net Assets

Up

$103,879,977

Up $12,240,895 (+13%) from 2013

Liabilities

Up

$28,855,009

Up $1,331,552 (+4.8%) from 2013

Revenue

$51,775,550

No earlier filing loaded for comparison.

Expenses

Up

$44,257,049

Up $1,782,564 (+4.2%) from 2013

Net Income

$7,518,501

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $94,603,071Liabilities 2010: $24,168,214Net Assets 2010: $70,434,8572010Assets 2011: $102,245,525Liabilities 2011: $22,937,814Net Assets 2011: $79,307,7112011Assets 2012: $108,972,439Liabilities 2012: $28,733,016Net Assets 2012: $80,239,4232012Assets 2013: $119,162,539Liabilities 2013: $27,523,457Net Assets 2013: $91,639,0822013Assets 2014: $132,734,986Liabilities 2014: $28,855,009Net Assets 2014: $103,879,9772014Assets 2015: $132,662,854Liabilities 2015: $27,127,140Net Assets 2015: $105,535,7142015Assets 2016: $130,000,586Liabilities 2016: $25,421,666Net Assets 2016: $104,578,9202016Assets 2017: $138,277,982Liabilities 2017: $27,675,038Net Assets 2017: $110,602,9442017Assets 2018: $140,606,421Liabilities 2018: $27,073,352Net Assets 2018: $113,533,0692018Assets 2019: $164,304,892Liabilities 2019: $50,170,989Net Assets 2019: $114,133,9032019Assets 2020: $148,448,525Liabilities 2020: $35,071,923Net Assets 2020: $113,376,6022020Assets 2021: $173,786,073Liabilities 2021: $39,687,944Net Assets 2021: $134,098,1292021Assets 2022: $181,327,853Liabilities 2022: $43,258,805Net Assets 2022: $138,069,0482022Assets 2023: $192,697,172Liabilities 2023: $44,659,111Net Assets 2023: $148,038,0612023Assets 2024: $200,494,477Liabilities 2024: $45,336,295Net Assets 2024: $155,158,1822024

Highlighted filing

2014

Assets$132,734,986
Liabilities$28,855,009
Net Assets$103,879,977

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $39,375,8012010Expenses 2011: $39,807,9412011Expenses 2012: $38,805,9732012Expenses 2013: $42,474,4852013Revenue 2014: $51,775,550Expenses 2014: $44,257,049Net Income 2014: $7,518,5012014Revenue 2015: $49,613,509Expenses 2015: $46,223,042Net Income 2015: $3,390,4672015Revenue 2016: $47,788,282Expenses 2016: $46,572,861Net Income 2016: $1,215,4212016Revenue 2017: $55,292,719Expenses 2017: $50,538,362Net Income 2017: $4,754,3572017Revenue 2018: $54,364,478Expenses 2018: $52,126,864Net Income 2018: $2,237,6142018Revenue 2019: $57,895,398Expenses 2019: $55,500,234Net Income 2019: $2,395,1642019Revenue 2020: $53,836,099Expenses 2020: $53,615,733Net Income 2020: $220,3662020Revenue 2021: $65,505,101Expenses 2021: $54,783,070Net Income 2021: $10,722,0312021Revenue 2022: $73,900,258Expenses 2022: $56,782,166Net Income 2022: $17,118,0922022Revenue 2023: $64,626,607Expenses 2023: $59,667,225Net Income 2023: $4,959,3822023Revenue 2024: $56,029,006Expenses 2024: $57,641,048Net Income 2024: -$1,612,0422024

Highlighted filing

2014

Revenue$51,775,550
Expenses$44,257,049
Net Income$7,518,501
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$59,689,551
Mission and Program Overview

Mission

Heidelberg university's mission and programs are firmly rooted in liberal arts with innovative coursework in sciences, global education, business and related graduate-level programs. Quality education, services to students, a close personal living environment and strong values-centered philosophy are hallmarks of a heidelberg education.

A community of learning that promotes and nutures intellectual, personal and professional development leading to a life of purpose with distinction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,582,948$64,020,637▲ $4,437,689
Investments in Publicly Traded Securities$35,759,247$44,113,646▲ $8,354,399
Savings and Temporary Cash Investments$8,496,199$7,392,920▼ $1,103,279
Pledges and Grants Receivable$5,683,305$6,847,380▲ $1,164,075
Other Notes and Loans Receivable, Net$2,383,563$2,356,512▼ $27,051
Accounts Receivable$1,153,573$1,861,139▲ $707,566
Prepaid Expenses and Deferred Charges$797,142$432,949▼ $364,193
Inventories for Sale or Use$175,906$142,660▼ $33,246
Investments Other Securities$71,770$71,770→ $0
Cash and Non-Interest-Bearing Accounts$6,600$6,600→ $0
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
Total Assets$119,162,539$132,734,986▲ $13,572,447
Other Assets Total$5,052,286$5,488,773▲ $436,487
Liabilities
Tax Exempt Bond Liabilities$18,561,527$17,687,527▼ $874,000
Accounts Payable and Accrued Expenses$4,645,434$7,410,590▲ $2,765,156
Other Liabilities$1,691,349$1,635,707▼ $55,642
Deferred Revenue$1,387,951$1,183,812▼ $204,139
Mortgage Notes Payable Secured by Investment Property$1,237,196$937,373▼ $299,823
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$27,523,457$28,855,009▲ $1,331,552
Net Assets / Fund Balance
Unrestricted Net Assets$42,802,285$43,696,392▲ $894,107
Permanently Rstr Net Assets$33,824,663$40,719,970▲ $6,895,307
Temporarily Rstr Net Assets$15,012,134$19,463,615▲ $4,451,481
Total Net Assets Fund Balance$91,639,082$103,879,977▲ $12,240,895
Total Liabilities and Net Assets / Fund Balance$119,162,539$132,734,986▲ $13,572,447

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,455,371$28,899,187$75,354,558
Equipment$10,133,042$8,938,472$19,071,514
Other Land Buildings$5,527,660-$5,527,660
Land$1,904,564-$1,904,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$33,845,235$4,553,001▲ $6,901,032$922,521$43,211,991
2012$30,106,002$2,437,463▲ $3,668,697$1,036,062$33,845,235
2011$31,596,817$1,593,216▼ $1,023,053$931,457$30,106,002
2010$26,194,988$873,217▲ $6,016,580$813,060$31,596,817
2009$23,339,625$1,314,636▲ $3,014,770$728,943$26,194,988
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Robert HuntingtonPresidentFT$189,946$92,876$282,821
John WilkinVP Admin & BusFT$123,302$33,008$156,310
David WeiningerVP of Academic AffairsFT$113,697$25,568$139,265
Dr James Troha Left 53113VP of Institutional AdvncementFT$63,345$16,573$79,918
Dustin BrentlingerVP of Student ServicesFT$65,844$13,276$79,120
Lindsay Sooy Left 4513VP of EnrollmentFT$31,842$10,371$42,213
Connie Harris Start 9313VP of Institutional AdvncementFT$36,589$4,688$41,277
Mark Kellar Start 81213VP of EnrollmentFT$35,284$2,579$37,863

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark Campus ServicesCafeteria Management-$3,073,198
Snavely Building CompanyConstruction-$1,270,689
Plug SmartMechanical-$726,044
Mj Brown CompanyConstruction-$259,517
Design CollaborativeArchitects-$122,287
Revenue and Support

Revenue Composition

Contributions and Grants
$10,944,652
Program Service Revenue
$38,081,341
Investment Income
$2,524,044
Other Revenue
$225,513
All Other Contributions
$10,811,867
Change in Net Assets
$7,518,501

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
Securities Publicly Traded17$1,180,896Fair Market Value (FMV) on Date of Gift
Total Noncash Contributions17$1,180,896-

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,191,532
Revenue Not Reported on Financial Statements
$13,584,018
Revenue Not Reported on Form 990
$5,194,422
Other Revenue Adjustments
$13,432,696
Total Revenue per Audited Statements
$43,385,954
Total Revenue per Form 990
$51,775,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,400,230
Other Expenses$14,424,123
Grants and Similar Amounts Paid$13,432,696
Total Fundraising Expense$743,640
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$13,432,696--$13,432,696
Other Salaries and Wages$10,188,646$1,348,984$392,205$11,929,835
Fees for Services Other$4,048,986$95,129$65,635$4,209,750
Occupancy$2,971,705$76,943$25,320$3,073,968
Other Employee Benefits$2,004,508$265,398$77,162$2,347,068
Office Expenses$1,646,302$518,750$76,724$2,241,776
Depreciation Depletion$1,495,094--$1,495,094
Payroll Taxes$732,748$97,016$28,207$857,971
Current Officers, Directors, Trustees, and Key Employees$581,046$91,007$28,003$700,056
Interest$584,001$64,889-$648,890
Travel$539,920$23,567$19,281$582,768
Pension Plan Contributions$482,793$63,922$18,585$565,300
Insurance$122,914$342,882-$465,796
Other Expenses$185,739$378,212$842$185,739
Fees for Service Investment Mgmnt Fees-$151,322-$151,322
Conferences and Meetings$127,938$4,799$4,138$136,875
Information Technology$128,402-$2,757$131,159
Advertising$71,300$51,978$4,781$128,059
Fees for Services Accounting-$95,430-$95,430
Fees for Services Legal-$66,199-$66,199
Total Functional Expenses$39,776,982$3,736,427$743,640$44,257,049

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$44,257,049
Total Expenses per Audited Statements$31,145,059
Expenses per Audited Statements$30,673,031
Expenses Not Reported on Financial Statements$13,584,018
Other Expense Adjustments$13,432,696
Expenses Not Reported on Form 990$472,028
International Activity

International Summary

Offices
1
Employees
2
Spending
$528,286

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesRecruiting Program12$528,286
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,300
Fundraising Direct Expenses$11,987
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$28,125$23,300-$23,300
Total Events$28,125$23,300$11,987$11,313
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Advances for Federal Loans$1,470,646
Deposits and Funds Held$165,061

Bond Issues

BondIssuerIssuedIssue PricePurpose
A34-64013312013-06-27$18,561,527Heidelberg university project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,490,397$0$12,580,000$71,130

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Question 11B

The controller and an independent accounting firm perform a thorough review of the form 990 and related schedules. The form excluding schedule b is then provided to the full board for review prior to submission to the irs.

Part VI, Question 12C

A questionnaire is provided to trustees and key employees annually. Any conflicts are reviewed by the president of the university and president of the board of directors. Anyone with a conflict would not be allowed to participate in board of trustee deliberations or decisions regarding the transaction giving rise to the conflict.

Part VI, Question 15A

Salaries for vice presidents and administrators are based on college and university professional association for human resources salary survey data, and peer and aspirant schools. Ohio athletic conference schools are also used as a basis for salary comparisons. The president reviews the data and determines compensation accordingly. To determine the compensation for the president, an outside consultant was hired for the initial hiring process. In addition, a comparability study was performed using the data provided by cupa. The board of directors reviews this information and determines compensation accordingly.

Filing and Contact Details

Filer

EIN
34-4428219
In Care Of
% KELLY WARNKE
Phone
4194482517

Signing Officer

Name
John Wilkin
Title
VP of Business Affairs
Phone
4194482517
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Huntington
Formed
1850
Legal Domicile
Oh
Voting Board Members
32
Independent Board Members
32
Employees
1,002
Volunteers
32

Preparer

Preparer
Joyce A Dulworth
Phone
4194482517
Supplemental Narrative

Additional Explanations

Question 15B

The board of trustees reviews the president's salary on an annual basis. Question 19 the audited financial statements are available on the website at www.heidelberg.edu. The governing documents and conflict of interest policy are available upon request.

Part XI, Line 9

Change in split interest agreement $350,096

Financial Statement Notes

Part III, Line 4

Heidelberg university capitalizes contributions of art and similar assets when received. These collections are held for the education of the tiffin community. Endowment funds the university's endowment consists of approximately 350 individual funds established for a variety of purposes. Permanently restricted net assets are restricted to investment in perpetuity, the income of which is expendable to support instruction, academic support, scholarships, facilities, and other activities of the organization.

Part XI, Line 2D

Cost of goods sold 460,041 special events expense 11,987 change in value of split interest 350,096 total $822,124 part xi & part xii, line 4b student aid $13,432,696 part xii, line 2d cost of goods sold 460,041 special events expense 11,987 total $472,028

Asc 740 Footnote

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.

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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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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$200$45.3$155$56.0$57.6$1.61
2023Detailed filing. Detailed filing data is available for this year.$193$44.7$148$64.6$59.7$4.96
2022Detailed filing. Detailed filing data is available for this year.$181$43.3$138$73.9$56.8$17.1
2021Detailed filing. Detailed filing data is available for this year.$174$39.7$134$65.5$54.8$10.7
2020Detailed filing. Detailed filing data is available for this year.$148$35.1$113$53.8$53.6$0.22
2019Detailed filing. Detailed filing data is available for this year.$164$50.2$114$57.9$55.5$2.40
2018Detailed filing. Detailed filing data is available for this year.$141$27.1$114$54.4$52.1$2.24
2017Detailed filing. Detailed filing data is available for this year.$138$27.7$111$55.3$50.5$4.75
2016Detailed filing. Detailed filing data is available for this year.$130$25.4$105$47.8$46.6$1.22
2015Detailed filing. Detailed filing data is available for this year.$133$27.1$106$49.6$46.2$3.39
2014Detailed filing. Detailed filing data is available for this year.$133$28.9$104$51.8$44.3$7.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$119$27.5$91.6$42.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$28.7$80.2$38.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$22.9$79.3$39.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.6$24.2$70.4$39.4