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University of Sioux Falls
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1101 W 22nd St
Sioux Falls,
SD
57105
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GENERAL INFORMATION
Who We Are
The University of Sioux Falls seeks to foster academic excellence and the development of mature Christian persons for service to God and humankind in the world.
- This organization is a 501(c)(3)
Public Charity
.
- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's June 30, 2008
Form 990.
- Additional narrative information in this report was last supplied by the organization on December 12, 2000.
- It makes its audited financial statements available to the public upon request.
- Contributions are deductible, as provided by law.
How to Help
This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects, building improvements and endowments.
Location(s) Served
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B40Higher Education Institutions
| EIN: |
46-0224600 |
| Year Founded: |
1883 |
| Ruling Year: |
1950 |
| Fiscal Year: |
June 30, 2008
|
| Assets: |
$66,962,865 (from Jun 30, 2008 Form 990) |
| No. of Board Members: |
46 |
| No. of Full-Time Employees: |
101-500 |
| No. of Part-Time Employees: |
21-100 |
| No. of Volunteers: |
21-100 |
Chief Executive
Dr. Mark Benedetto
Chief Executive Profile
Dr. Mark Benedetto has been president of the University of Sioux Falls since 1997. He holds degrees from Texas Wesleyan University, Kent State University, and Loma Linda University.
BOARD OF DIRECTORS
Name |
Title |
| Arthur McDonald |
Chair |
| Becky Nelson |
|
| Carol Evans |
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| Carol Nelson |
|
| Carole Buchholz |
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| Charles Herman |
|
| Charles Whisler |
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| Chester Bowman |
|
| Chong Hi Lee |
|
| Constance Vucurevich |
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| Dan Hylland |
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| David Cleveland |
Vice Chair |
| David Rossing |
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| Dempster Christenson, Sr. |
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| Doris Johnson |
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| Duane Murdoch |
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| Dwight Beukelman |
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| Earl Bonacker |
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| Fred Bellum |
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| Gary Olson |
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| Gordon Stewart |
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| J. David Mallgren |
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| J.C. Donner |
|
| James Key |
|
| Jan DeWitt |
|
| Jim Bailey |
|
| John Lillibridge |
|
| Kim Milbrandt |
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| Marian Sullivan |
Secretary/Treasurer |
| Marlan Scully |
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| Merle Johnson |
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| Paul Barber |
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| Paul Hammond |
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| Paul Martin |
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| Phyllis Singer |
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| Randall Stewart |
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| Richard Barcus |
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| Robert Frykholm |
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| Robert Larsen |
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| Robert Rust |
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| Robert Veninga |
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| Ronald Cowles |
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| Tom Lillibridge |
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| Vance Thompson |
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| William Ballenger |
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MISSION AND PROGRAMS
Mission
The University of Sioux Falls is a private, coeducational, residential Christian university founded in 1883. Affiliated with the American Baptist Churches, USA, the University of Sioux Falls is the oldest and second largest private university in South Dakota.
Programs
The University of Sioux Falls offers majors in 30 subject areas. We offer graduate programs in business administration and education.
GOALS AND RESULTS
Accomplishments for Fiscal Year Ending June 30, 2000
- USF is among the most affordable private institutions in the Midwest. More than 90% of our students receive financial aid.
- USF has achieved record enrollment numbers in each of the last three years.
Objectives for Fiscal Year Beginning July 1, 2000
- Commit to first-year student success.
- Establish showcase academic programs.
- Integrate the liberal arts with professional studies.
Self Assessment
Students evaluate their courses and faculty at the end of each course. USF is accredited by the North Central Association of Colleges and Secondary Schools, which regularly evaluates academic quality.
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending June 30, 2008
| REVENUE |
|
| Contributions |
$5,534,039 |
| Government Grants |
$467,944 |
| Program Services |
$16,112,209 |
| Investments |
$1,069,492 |
| Special Events |
$0 |
| Sales |
$221,307 |
| Other |
$648,547 |
| Total Revenue |
$24,053,538 |
| EXPENSES |
|
| Program Services |
$13,884,674 |
| Administration |
$4,892,301 |
| Other |
$842,249 |
| Total Expenses |
$19,619,224 |
| Net Gain/Loss |
$4,434,314 |
Balance Sheet: Fiscal Year Ending June 30, 2008
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| ASSETS |
July 1, 2007 |
June 30, 2008 |
Change |
| Cash & Equivalent |
$3,741,650 |
$422,806 |
($3,318,844) |
| Accounts Receivable |
$1,135,203 |
$837,337 |
($297,866) |
| Pledges & Grants Receivable |
$3,583,068 |
$3,262,556 |
($320,512) |
| Receivable / Other |
$1,664,854 |
$1,725,120 |
$60,266 |
| Inventories for Sale of Use |
$127,397 |
$122,538 |
($4,859) |
| Investment/Securities |
$13,877,771 |
$10,903,900 |
($2,973,871) |
| Investment/Other |
$780,209 |
$49,200 |
$49,200 |
| Fixed Assets |
$34,357,088 |
$42,788,095 |
$8,431,007 |
| Other |
$4,993,784 |
$6,194,702 |
$1,200,918 |
| Total Assets |
$64,261,024 |
$66,962,865 |
$2,701,841 |
| LIABILITIES |
July 1, 2007 |
June 30, 2008 |
Change |
| Accounts Payable |
$3,069,536 |
$1,857,869 |
($1,211,667) |
| Grants Payable |
$1,594,765 |
$1,583,901 |
($10,864) |
| Deferred Revenue |
$2,664,002 |
$4,445,085 |
$1,781,083 |
| Loans and Notes |
$609,361 |
$589,705 |
($19,656) |
| Tax-Exempt Bond Liabilities |
$11,900,000 |
$11,210,000 |
($690,000) |
| Other |
$1,171,606 |
$1,383,199 |
$211,593 |
| Total Liabilities |
$21,009,270 |
$21,069,759 |
$60,489 |
| FUND BALANCE |
$43,251,754 |
$45,893,106 |
$2,641,352 |
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