Civic Intelligence

Heidelberg University

990 • Fiscal year 2018 • EIN 34-4428219

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

310 East Market StTiffin, OH 44883-2462

(419) 448-2228

Siviq Scores

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

Liabilities / Assets

36th percentile

0.19x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.50x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

51st percentile

4.1%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$375,930

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

43rd percentile

1.7%

Faster asset growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-1.7%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$140,606,421

Up $2,328,439 (+1.7%) from 2017

Net Assets

Up

$113,533,069

Up $2,930,125 (+2.6%) from 2017

Liabilities

Down

$27,073,352

Down $601,686 (-2.2%) from 2017

Revenue

Down

$54,364,478

Down $928,241 (-1.7%) from 2017

Expenses

Up

$52,126,864

Up $1,588,502 (+3.1%) from 2017

Net Income

Down

$2,237,614

Down $2,516,743 (-53%) from 2017

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

2018

Assets$140,606,421
Liabilities$27,073,352
Net Assets$113,533,069

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

2018

Revenue$54,364,478
Expenses$52,126,864
Net Income$2,237,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$68,156,212
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 nurtures intellectual, personal and professional development leading to a life of purpose with distinction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,349,618$63,903,851▲ $1,554,233
Investments in Publicly Traded Securities$48,199,773$52,558,266▲ $4,358,493
Savings and Temporary Cash Investments$15,548,220$12,270,740▼ $3,277,480
Pledges and Grants Receivable$2,868,080$2,473,514▼ $394,566
Other Notes and Loans Receivable, Net$1,999,037$2,025,097▲ $26,060
Accounts Receivable$1,782,782$1,947,668▲ $164,886
Prepaid Expenses and Deferred Charges$623,474$751,461▲ $127,987
Inventories for Sale or Use$106,695$119,596▲ $12,901
Cash and Non-Interest-Bearing Accounts$6,200$6,200→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$138,277,982$140,606,421▲ $2,328,439
Other Assets Total$4,794,103$4,550,028▼ $244,075
Liabilities
Tax Exempt Bond Liabilities$15,726,258$14,532,393▼ $1,193,865
Accounts Payable and Accrued Expenses$6,536,977$7,124,887▲ $587,910
Deferred Revenue$3,269,153$3,601,550▲ $332,397
Other Liabilities$1,684,675$1,644,581▼ $40,094
Mortgage Notes Payable Secured by Investment Property$457,975$169,941▼ $288,034
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$27,675,038$27,073,352▼ $601,686
Net Assets / Fund Balance
Permanently Rstr Net Assets$46,978,551$49,417,134▲ $2,438,583
Unrestricted Net Assets$45,337,979$48,269,973▲ $2,931,994
Temporarily Rstr Net Assets$18,286,414$15,845,962▼ $2,440,452
Total Net Assets Fund Balance$110,602,944$113,533,069▲ $2,930,125
Total Liabilities and Net Assets / Fund Balance$138,277,982$140,606,421▲ $2,328,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,256,418$35,033,799$84,290,217
Equipment$12,585,509$10,159,273$22,744,782
Land$2,061,924-$2,061,924

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$48,936,849$2,093,577▲ $3,855,367$1,503,582$52,245,539
2016$44,837,827$1,140,897▲ $5,622,582$1,647,277$48,936,849
2015$45,764,724$2,617,148▼ $846,274$1,709,138$44,837,827
2014$43,211,991$3,361,513▲ $900,981$735,813$45,764,724
2013$33,845,235$4,553,001▲ $6,901,032$922,521$43,211,991
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Robert HuntingtonPresidentFT$302,345$73,585$375,930
Phil NessVP Institutional AdvancementFT$135,761$36,112$171,873
Hoa NguyenVP Administration & BusinessFT$139,573$28,309$167,882
Beth Schwartz PhdVP of Academic Affairs/provosFT$154,100$12,261$166,361
Haseeb AhmedDean of School of BusinessFT$139,824$15,428$155,252
Mark KellarVP of Enrollment ManagementFT$127,000$10,195$137,195
Margaret RudolphChief Hr OfficerFT$96,633$7,696$104,329
Dustin BrentlinerDean of StudentsFT$33,155$6,623$39,778
Chris AbramsDean of Student AffairsFT$28,091$6,885$34,976

Highest Paid Contractors

ContractorServicesLocationCompensation
Parkhurst Dining ServicesFood Service20700 NORTH BARK BLVD, University Heights, OH 44118$3,055,153
Jdh Construction LLCConstruction495 W WILLIAMSBURG DRIVE, Tiffin, OH 44883$654,428
Ashland EquipmentConstruction1324 BRASS MILL RD, Belcamp, MD 21017$605,348
Maumee Bay Landscape LLCConstruction740 S STADIUM RD, Oregon, OH 43616$414,000
Chi CorporationInformation Tech5265 NAIMAN PARKWAY, Solon, OH 44139$256,987
Revenue and Support

Revenue Composition

Contributions and Grants
$6,914,632
Program Service Revenue
$43,091,115
Investment Income
$4,245,052
Other Revenue
$113,679
All Other Contributions
$6,707,425
Change in Net Assets
$2,237,614

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$100,896Fair Market Value (FMV)
Total Noncash Contributions8$100,896-

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,108,149
Revenue Not Reported on Financial Statements
$17,256,329
Revenue Not Reported on Form 990
$867,379
Other Revenue Adjustments
$17,135,286
Total Revenue per Audited Statements
$37,975,528
Total Revenue per Form 990
$54,364,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,406,737
Grants and Similar Amounts Paid$17,135,286
Other Expenses$15,584,841
Total Fundraising Expense$1,101,647
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$17,135,286--$17,135,286
Other Salaries and Wages$11,438,003$1,296,063$586,363$13,320,429
Fees for Services Other$4,194,300$419,468$104,559$4,718,327
Other Employee Benefits$2,883,022$335,452$147,175$3,365,649
Occupancy$3,037,602$63,790$19,659$3,121,051
Office Expenses$1,961,097$707,462$89,923$2,758,482
Depreciation Depletion$2,104,829--$2,104,829
Current Officers, Directors, Trustees, and Key Employees$864,118$135,343$41,645$1,041,106
Payroll Taxes$843,569$98,153$43,063$984,785
Travel$711,352$121,560$35,281$868,193
Pension Plan Contributions$595,140$69,247$30,381$694,768
Other Expenses$80,172$509,545-$589,717
Interest$476,912$52,990-$529,902
Information Technology$246,805$158-$246,963
Advertising$210,854$16,407$892$228,153
Fees for Services Accounting-$175,537-$175,537
Fees for Service Investment Mgmnt Fees-$121,043-$121,043
Conferences and Meetings$93,196$6,440$2,706$102,342
Fees for Services Legal-$20,302-$20,302
Total Functional Expenses$46,876,257$4,148,960$1,101,647$52,126,864

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$52,126,864
Total Expenses per Audited Statements$35,045,403
Expenses per Audited Statements$34,870,535
Expenses Not Reported on Financial Statements$17,256,329
Other Expense Adjustments$17,135,286
Expenses Not Reported on Form 990$174,868
International Activity

International Summary

Offices
1
Employees
2
Spending
$428,054

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
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program ServicesRecruiting Program12$428,054
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,080
Fundraising Gross Income$17,970
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$73,070$17,970$8,172$9,798
Total Events$73,070$17,970$22,080$-4,110
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$1,273,504
Deposits and Funds Held$371,077

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACounty of Seneca Ohio2013-06-27$18,561,527Heidelberg university project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,490,397$0$4,760,000$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
Yes
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

Form 990, Part VI, Section B, Line 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.

Form 990, Part VI, Section B, Line 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.

Form 990, Part VI, Section B, Line 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 date provided by cupa. The board of directors reviews this information and determines compensation accordingly.

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

The board of trustees reviews the president's salary on an annual basis.

Form 990, Part VI, Section C, Line 19

The audited financial statements are available on the website www.heidelberg.edu. The governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Heidelberg University
EIN
34-4428219
In Care Of
% JOEL WILKINS
Phone
4194482228
Address
310 EAST MARKET ST, TIFFIN, OH 44883-2462

Signing Officer

Name
Hoa Nguyen
Title
VP - Administration
Phone
4194482517
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Huntington
Formed
1850
Legal Domicile
Oh
Voting Board Members
30
Independent Board Members
30
Employees
1,071
Volunteers
30

Preparer

Firm
Bkd Llp
Address
200 E Main St Suite 700, Fort Wayne, IN 46802
Preparer
Lauren R Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Part XI, Line 9

Change in split interest agreement $143,643

Financial Statement Notes

Schedule D, 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.

Schedule D, Part V, Line 4

The university's endowment consists of approximately 380 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.

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.

Part XI, Line 2D

Cost of goods sold $152,788 special events expense $22,080 change in value of split interest $143,643 total $318,511 part xi, line 4b student aid $17,135,286 part xii, line 2d cost of goods sold $152,788 special events expense $22,080 total $174,868 part xii, line 4b student aid $17,135,286

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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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Document Assets

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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