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University of Sioux Falls



1101 W 22nd St
Sioux Falls, SD 57105

GENERAL INFORMATION

Contact: Greg Fritz, Assoc. V.P. for Marketing
Telephone: (605) 331-6600
Fax: (605) 331-6615
E-mail: greg.fritz@usiouxfalls.edu
Web Site:www.usiouxfalls.edu

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

  • National

NTEE Code

  • B40—Higher 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
Carol Nelson
Carole Buchholz
Charles Herman
Charles Whisler
Chester Bowman
Chong Hi Lee
Constance Vucurevich
Dan Hylland
David Cleveland Vice Chair
David Rossing
Dempster Christenson, Sr.
Doris Johnson
Duane Murdoch
Dwight Beukelman
Earl Bonacker
Fred Bellum
Gary Olson
Gordon Stewart
J. David Mallgren
J.C. Donner
James Key
Jan DeWitt
Jim Bailey
John Lillibridge
Kim Milbrandt
Marian Sullivan Secretary/Treasurer
Marlan Scully
Merle Johnson
Paul Barber
Paul Hammond
Paul Martin
Phyllis Singer
Randall Stewart
Richard Barcus
Robert Frykholm
Robert Larsen
Robert Rust
Robert Veninga
Ronald Cowles
Tom Lillibridge
Vance Thompson
William Ballenger

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

  1. USF is among the most affordable private institutions in the Midwest. More than 90% of our students receive financial aid.
  2. USF has achieved record enrollment numbers in each of the last three years.

Objectives for Fiscal Year Beginning July 1, 2000

  1. Commit to first-year student success.
  2. Establish showcase academic programs.
  3. 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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