Taylor University in Upland, Indiana (IN)

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Taylor University
Employer Identification Number (EIN)350868181
Name of OrganizationTaylor University
Address236 W Reade Ave, Upland, IN 46989-1001
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date03/1953
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$237,748,385
Amount of Income$98,556,927
Form 990 Revenue Amount$87,290,953
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2014: $98,556,927
Taylor University: 

 $98,556,927
Other organizations performing similar types of work: 

 $8,229,403

Assets in 2014: $237,748,385
Taylor University: 

 $237,748,385
Other organizations performing similar types of work: 

 $12,246,556

Expenses in 2014: $82,430,033
This organization: 

 $82,430,033
Other organizations performing similar types of work: 

 $7,670,587

Income to expenses ratio in 2014: 1.2
Taylor University: 

 1.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 87.2%
This organization: 

 87.2%
Other organizations performing similar types of work: 

 78.6%

Number of employees in 2014: 2,237
This organization: 

 2,237
Other organizations performing similar types of work: 

 234

Employees paid over $100,000 in 2014: 1.7%
Taylor University: 

 1.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 14.0%
This organization: 

 14.0%
Other organizations performing similar types of work: 

 27.4%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoYes
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?YesYesYes
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYesYes
Did the organization maintain an office, employees, or agents outside of the United States?YesYesYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoYesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?YesYesNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?YesYesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYesYes
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoYesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 10964,0753,8693,404
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return2,2152,2192,237
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoYesYes
Did the organization notify the donor of the value of the goods or services provided?NoYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$668,784$757,697$822,084
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$159,695$184,292$198,523
Total number of individuals who received more than $100,000 of reportable compensation from the organization455
Total number of independent contractors who received more than $100,000 of compensation from the organization454032
Statement of Revenue
2011201220132014
Total revenue$85,867,241$85,088,351$85,420,556$87,290,953
Contributions, Gifts, Grants and Other Similar Amounts$13,436,151$12,956,995$10,508,470$12,245,301
Program Service Revenue$68,906,828$68,912,584$70,128,879$71,600,910
900099$53,245,080$55,056,030$55,925,765
Rooming and Boarding Houses $6,173,551$6,322,577$6,710,713
900099$6,010,571$6,169,085$6,373,980
900099$951,492$947,532$368,548
Book Stores $273,292$302,583$82,618
All other program service revenue$2,258,598$1,331,072$2,139,286
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,836,577$2,446,952$2,346,658$2,254,570
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$1,684,626$775,591$2,436,031$1,187,922
Gross amount from sales of assets other than inventory (Securities / Other)$63,580,514 / $2,676,265$11,961,430 / $648,264$7,738,175 / $5,000$12,444,166 / $0
Less: cost or other basis and sales expenses (Securities / Other)$59,514,464 / $5,057,689$11,764,945 / $69,158$5,289,986 / $17,158$11,256,244 / $0
Gain or (loss) (Securities / Other)$4,066,050 / $-2,381,424$196,485 / $579,106$2,448,189 / $-12,158$1,187,922 / $0
Net income/loss from fundraising events$3,059$-3,771$518$2,250
Gross income from fundraising events$14,400$10,355$9,005$11,980
Less: direct expenses$11,341$14,126$8,487$9,730
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$78,459,997$77,116,587$81,006,263$82,430,033
Grants and other assistance to domestic organizations and domestic governments$52,497$134,650$38,175
Grants and other assistance to domestic individuals$15,792,031$17,743,283$18,856,256
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$407,241$380,841$381,079$402,041
Compensation not included above, to disqualified persons$159,119$107,134$224,181
Other salaries and wages$22,971,746$23,340,885$24,501,865$25,149,875
Pension plan accruals and contributions$2,158,988$2,187,316$2,176,450
Other employee benefits$6,871,574$7,253,476$7,078,562
Payroll taxes$1,609,347$1,633,149$1,692,988$1,727,118
Fees for services (non-employees)
Management$350,511$11,614$9,825
Legal$235,926$202,671$185,174
Accounting$87,353$82,393$79,980
Lobbying$0$0$0
Professional fundraising services$14,637$62,624$61,508$59,688
Investment management fees$374,023$417,239$434,010
Other$1,489,448$1,802,878$1,771,474
Advertising and promotion$228,936$237,213$180,503
Office expenses$629,765$588,015$644,886
Information technology$948,462$1,010,810$965,734
Royalties$0$0$0
Occupancy$1,616,781$1,787,729$1,928,595
Travel$1,528,297$1,399,733$1,554,153
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$941,498$1,089,459$1,352,235
Interest$1,389,000$1,224,392$1,438,556
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$4,156,613$5,036,945$5,417,300
Insurance$684,608$734,594$493,372
Other expenses$4,315,395$4,504,788$4,444,806
Other expenses$2,234,975$745,038$2,150,539
Other expenses$659,609$602,143$804,191
Other expenses$655,337$0$187,667
Other expenses$4,138,342$5,465,310$2,674,687
Balance Sheet
2011201220132014
Total assets$202,878,797$215,663,225$231,319,919$237,748,385
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$8,605,924$7,097,470$2,487,007
Pledges and grants receivable, net$4,309,207$4,664,373$5,311,226
Accounts receivable, net$3,378,866$933,051$863,645
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$428,250$2,689,746$2,615,121
Inventories for sale or use$499,397$548,550$336,965
Prepaid expenses and deferred charges$579,251$550,574$660,388
Land, buildings, and equipment: cost or other basis$91,700,541$99,813,370$103,223,789
Investments - publicly traded securities$96,423,478$100,133,400$106,811,014
Investments - other securities$0$5,691,997$6,548,136
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$9,738,311$9,197,388$8,891,094
Total liabilities$37,588,208$46,711,266$50,530,011$45,587,441
Accounts payable and accrued expenses$7,851,827$7,683,811$4,214,328
Grants payable$0$0$0
Deferred revenue$662,322$357,642$417,228
Tax-exempt bond liabilities$20,140,000$29,841,073$33,138,115$31,680,612
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$8,356,044$9,350,443$9,275,273
Total net assets or fund balances$165,290,589$168,951,959$180,789,908$192,160,944
Unrestricted net assets$90,477,419$95,603,148$99,064,643
Temporarily restricted net assets$23,709,015$28,316,513$33,242,272
Permanently restricted net assets$54,765,525$56,870,247$59,854,029
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$49,912,000$58,556,000$61,653,000$59,312,000$87,997,822$82,249,434$81,144,390
Contributions, gifts, grants, and similar amounts received$6,858,000$13,239,000$11,915,000$8,929,000$22,080,109$11,994,287$10,487,826
Contributions to donor advised funds$0$0
Direct public support$6,802,869$13,192,779$11,883,962$8,899,836$21,439,289$11,365,979$9,920,113
Indirect public support$55,131$46,221$31,038$29,164$28,990$27,646$0
Government contributions (grants)$0$0$0$0$611,830$600,662$567,713
Program service revenue including government fees and contracts$43,054,000$45,317,000$49,738,000$50,383,000$57,073,605$61,375,754$64,086,634
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0
Dividends and interest from securities$0$0$0$0$1,937,530$3,299,603$4,275,005
Net rental income or (loss)$0$0$0$0$-11,994$-7,925$0
Gross rents$0$0$0$0$30,891$25,634$0
Less: rental expenses$0$0$0$0$42,885$33,559$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$2,397,063$2,322,857$-569,632
Gross amount from sales of assets other than inventory$0$0$0$0$12,752,921$31,630,000$30,237,000
Less: cost or other basis and sales expenses$0$0$0$0$10,355,858$29,307,143$30,806,632
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$4,521,509$3,264,858$2,864,557
Total expenses$47,340,029$51,423,000$52,324,000$54,928,162$68,376,652$73,046,062$77,502,239
Program services$38,078,644$40,620,165$42,794,000$45,060,162$58,029,335$63,280,427$67,559,846
Management and general$7,581,543$8,229,911$7,953,590$8,300,988$8,690,815$8,144,837$7,890,468
Fundraising$1,679,842$2,572,924$1,576,410$1,567,012$1,656,502$1,620,798$2,051,925
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$107,176,000$114,309,000$123,638,000$128,422,000$147,949,066$163,142,231$164,783,637
Excess or (deficit) for the year$2,571,971$7,133,000$9,329,000$4,383,838$19,621,170$9,203,372$3,642,151
Net assets or fund balances at beginning of year$104,604,000$107,176,000$114,309,000$123,638,000$128,422,000$147,949,066$163,142,231
Other changes in net assets or fund balances$29$0$0$400,162$-94,104$5,989,793$-2,000,745
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$77,502,239$67,559,846$7,890,468$2,051,925
Grants paid from donor advised funds$0
Other grants and allocations$14,307,285
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,043,484$867,764$141,182$34,538
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$23,094,001$19,205,619$3,125,780$762,602
Pension plan contributions not included above$2,034,677$1,692,092$275,390$67,195
Employee benefits not included above$6,018,296$5,004,977$814,565$198,754
Payroll taxes$1,629,757$1,355,350$220,584$53,823
Professional fundraising fees$154,352$0$0$154,352
Accounting fees$41,397$34,427$5,603$1,367
Legal fees$592,981$509,981$83,000$0
Supplies$1,560,995$1,298,165$211,278$51,552
Telephone$142,084$118,161$19,231$4,692
Postage and shipping$571,881$475,592$77,403$18,886
Occupancy$2,266,091$1,948,905$317,186$0
Equipment rental and maintenance$2,678,146$2,227,218$362,482$88,446
Printing and publications$866,578$720,669$117,290$28,619
Travel$1,915,057$1,592,613$259,199$63,245
Conferences, conventions, and meetings$1,007,661$866,618$141,043$0
Interest$1,184,568$1,018,763$165,805$0
Depreciation, depletion, etc.$4,248,475$3,533,146$575,023$140,306
Other expenses not covered above$12,144,473$10,782,501$978,424$383,548
Balance Sheets
2001200220032004200520062007
Total assets$131,096,000$147,364,000$155,687,000$157,939,000$177,878,240$191,273,260$195,994,265
Cash - non-interest-bearing$122,000$1,142,000$433,000$105,000$0$1,043,852$0
Savings and temporary cash investments$19,657,000$30,879,000$14,325,000$14,221,000$15,275,830$12,880,000$15,005,332
Accounts receivable less allowance for doubtful accounts$554,000$579,000$500,000$861,000$1,601,723$1,324,717$1,443,514
Pledges receivable less allowance for doubtful accounts$2,475,000$2,516,000$1,736,000$1,436,000$746,899$522,097$1,290,827
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$3,019,000$3,051,000$3,228,000$3,285,000$3,031,784$3,021,064$3,118,655
Inventories for sale or use$604,000$644,000$648,000$668,000$726,950$754,833$689,895
Prepaid expenses and deferred charges$0$0$0$0$0$0$0
Investments - publicly-traded securities$82,189,219$76,519,000
Investments - other securities$50,093,000$51,165,000$64,339,000$65,417,000$68,297,827$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$1,995,000$2,396,000$2,011,000$1,765,000$2,220,401$5,872,626$5,953,218
Land, buildings, and equipment less accumulated depreciation$48,268,000$50,773,000$63,815,000$65,198,000$66,221,378$68,384,601$71,738,431
Other assets, including program-related investments$4,309,000$4,219,000$4,652,000$4,983,000$19,755,448$15,280,251$20,235,393
Total liabilities$23,920,000$33,055,000$32,049,000$29,517,000$29,929,174$28,131,029$31,210,628
Accounts payable and accrued expenses$4,674,000$5,111,000$6,266,000$4,886,000$5,675,974$4,805,912$5,527,416
Grants payable$0$0$0$0$0$0$0
Deferred revenue$834,000$1,005,000$1,004,000$812,000$754,161$777,267$627,743
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$10,880,000$20,649,000$19,528,000$18,494,000$17,412,885$16,273,000$18,387,000
Mortgages and other notes payable$1,644,000$171,000$70,000$40,000$0$0$0
Other liabilities$5,888,000$6,119,000$5,181,000$5,285,000$6,086,154$6,274,850$6,668,469
Total liabilities and net assets/fund balances$131,096,000$147,364,000$155,687,000$157,939,000$177,878,240$191,273,260$195,994,265
Total net assets or fund balances$107,176,000$114,309,000$123,638,000$128,422,000$147,949,066$163,142,231$164,783,637
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$0$0$61,653,000$59,312,000$87,997,822$82,249,434$81,144,390
Total revenue, gains, and other support per audited financial statements$0$0$61,653,000$59,312,000$77,141,861$75,067,369$64,836,360
Other expenses$0$0$0$0$-10,855,961$5,886,005$-2,000,745
Net unrealized gains on investments$0$0$0$0$158,034$5,886,005$-2,000,745
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$-11,013,995$0$0
Other revenue$0$0$0$0$0$13,068,070$14,307,285
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$13,068,070$14,307,285
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$0$0$52,324,000$54,928,000$68,376,652$73,046,062$77,502,239
Total expenses and losses per audited financial statements$0$0$52,324,000$54,928,000$57,362,657$59,977,992$63,194,954
Other revenue$0$0$0$0$-11,013,995$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$-11,013,995$0$0
Other expenses$0$0$0$0$0$13,068,070$14,307,285
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$13,068,070$14,307,285
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$210,920$41,620$0
50$138,843$22,307$14,394
50$132,621$36,852$0
50$122,712$20,957$0
50$120,497$34,377$23,090
50$94,391$29,903$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings28
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006675
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,705,373$66,951,191
Program service revenue
Program service revenue 1000000$000$0$51,446,455
Program service revenue 2000000$000$0$5,988,611
Program service revenue 3000000$000$0$5,077,571
Program service revenue 4000000$000$0$1,293,446
Program service revenue 5000000$000$0$280,551
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,275,005$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-569,632$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$2,864,557
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$126,452$28,625$0
$100,780$26,900$0
$89,430$26,688$0
$85,793$25,514$0
$85,178$24,884$0
Total number of other employees paid over $50,000160
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
2000200120022003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Taylor University236 W Reade Ave, Upland, IN 46989-1001IN1953-03$98,556,927
2Indiana Wesleyan University4201 South Washington Street, Marion, IN 46953-4974IN1970-05$257,965,758
3Upper Iowa UniversityPO BOX 1857, Fayette, IA 52142-1857IA1955-08$69,965,588
4Wesley College Inc120 N State St, Dover, DE 19901-3835DE1957-04$47,933,171
5Spalding University824 S 4th St, Louisville, KY 40203-2116KY1974-03$42,022,359
6Washington Adventist University Inc7600 Flower Ave, Takoma Park, MD 20912-7744MD1942-06$41,304,187
7Corban University5000 Deer Park Dr Se, Salem, OR 97317-9392OR1956-06$32,563,333
8Rosemont College Of The Holy Child Jesus1400 Montgomery Ave, Rosemont, PA 19010-1631PA1946-03$30,664,438
9Sojourner-Douglass College500 N Caroline Street, Baltimore, MD 21205-1802MD1975-11$28,987,549
10Tennessee Wesleyan College204 E College St, Athens, TN 37303-3604TN1940-06$28,366,641
11Unity College90 Quaker Hill Rd, Unity, ME 04988-3712ME1966-01$26,924,019
12University Of Saint Mary4100 S 4th St, Leavenworth, KS 66048-5082KS1946-03$26,717,300
13Sterling College125 W Cooper St, Sterling, KS 67579-1533KS1934-03$21,540,612
14Voorhees College213 Wiggins Road, Denmark, SC 29042SC1946-07$21,497,510
15Saint-Mary-Of-The-Woods CollegeHuman Resources - Guerin Hall 1 St, Saint Mary Of The Wood, IN 47876IN1946-03$21,206,201
16San Diego Christian College200 Riverview Pkwy, Santee, CA 92071-5821CA1971-12$20,488,146
17Calumet College2400 New York Ave, Whiting, IN 46394-2146IN1946-03$17,616,835
18Trinity College Of The Bible, Trinity Theological SeminaryPO BOX 717, Newburgh, IN 47629-0717IN1970-02$2,644,317
19Crossroads Bible College Inc601 N Shortridge Rd, Indianapolis, IN 46219-4912IN1982-12$2,182,895
20Union Bible College IncPO BOX 900, Westfield, IN 46074-0900IN1965-06$792,177
Number of organizations performing similar types of work
Alabama4
Arkansas1
Arizona3
California10
Colorado2
Connecticut1
District of Columbia1
Delaware1
Florida5
Georgia2
Hawaii2
Iowa3
Idaho3
Illinois5
Indiana7
Kansas7
Kentucky2
Massachusetts3
Maryland3
Maine1
Michigan6
Minnesota2
Missouri5
Mississippi4
Montana1
North Carolina7
Nebraska2
New Jersey2
New Mexico1
New York7
Ohio6
Oklahoma2
Oregon1
Pennsylvania4
South Carolina5
South Dakota4
Tennessee8
Texas5
Virginia4
Vermont4
Washington4
West Virginia1
International1
Total152

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