Cause IQ organization profile

Liberty University

Liberty University is a university based in Lynchburg, VA that was founded in 1972. As of 2018 they had $1.1 billion in revenue and $2.8 billion in assets.

Liberty University is a Christian academic community in the tradition of evangelical institutions of higher education, with the primary mission of providing quality collegiate education.

EIN:

54-0946734

City:

Lynchburg

State:

Virginia

Website:

liberty.edu

Phone:

434-582-2000

Twitter:

@libertyu

Founded:

1972

Type:

501(c)(3)

NTEE:

B43: Universities

Revenue:

$1,159,314,971

Assets:

$2,812,938,906

Employees:

11,725

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Liberty University

Instruction of approximately 102,940 students in undergraduate, graduate and doctoral programs for both the online and residential programs. Scholarships, grants and other financial assistance are awarded to eligible students based on financial need and academic merit.

Liberty university maintains a campus bookstore, housing and dining facilities, transportation services, athletic facilities, broadcasting facilities and other support services and facilities adding to the student experience.

Form 990s for Liberty University

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Dec 6, 2019	990	View PDF
2017-06	Nov 15, 2018	990	View PDF
2016-06	Sep 26, 2017	990	View PDF
2015-06	Aug 2, 2016	990	View PDF
2014-06	Aug 5, 2015	990	View PDF
...and six more Form 990 PDFs

Financials for Liberty University

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$66,711	$73,141	-8.8%
Related organizations	$0	$0
Government grants (contributions)	$3,887,933	$3,254,597	19.5%
Normal grants, contributions, etc.	$24,954,600	$10,636,378	134.6%
<em>Non-cash contributions included in above</em>	$5,036,425	$324,647	1451.4%
Total grants, contributions, etc.	$28,909,244	$13,964,116	107.0%

Field	2018	2017	% Change
Total grants, contributions, etc.	$28,909,244	$13,964,116	107.0%
Program services	$1,082,668,020	$1,037,526,114	4.4%
Investment income and dividends	$16,083,826	$17,240,009	-6.7%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$364,416	$399,606	-8.8%
Net rental income	$2,713,560	$2,349,606	15.5%
Net gain from sale of non-inventory assets	$16,918,136	$33,005,690	-48.7%
Net income from fundraising events	$-21,540	$13,581	-258.6%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$11,679,309	$6,811,777	71.5%
Total revenues	$1,159,314,971	$1,111,310,499	4.3%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$1,220,120	$2,287,341	-46.7%
Grants to individuals in USA	$234,865,195	$225,824,667	4.0%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$6,031,833	$6,460,446	-6.6%
Compensation not included above, to disqualified persons	$1,391,302	$1,320,504	5.4%
Non-officer salaries and wages	$281,522,215	$275,128,605	2.3%
Pension/retirement accruals and contributions	$7,246,127	$6,463,119	12.1%
Other employee benefits	$45,260,544	$47,368,964	-4.5%
Payroll taxes	$20,749,803	$19,713,223	5.3%
Management fees	$0	$0
Legal fees	$2,839,267	$3,258,788	-12.9%
Accounting fees	$302,555	$297,680	1.6%
Lobbying fees	$58,142	$61,526	-5.5%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$5,014,447	$4,645,585	7.9%
Other fee-for-service	$5,615,244	$3,846,975	46.0%
Advertising and promotion	$17,423,387	$23,267,027	-25.1%
Office expenses	$5,086,878	$5,389,610	-5.6%
Information tech. expenses	$19,079,786	$22,572,115	-15.5%
Royalty expenses	$654,039	$613,067	6.7%
Occupancy	$11,216,122	$10,343,466	8.4%
Travel	$12,432,459	$10,561,859	17.7%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$1,240,283	$901,946	37.5%
Interest	$10,458,430	$10,554,011	-0.9%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$46,098,029	$42,740,768	7.9%
Insurance	$3,858,135	$2,903,609	32.9%
All other expenses	$166,855,863	$150,757,512	10.7%
Total expenses	$906,520,205	$877,282,413	3.3%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$25,537,275	$20,155,593	26.7%
Savings, short-term investments, etc.	$257,554,719	$154,549,612	66.6%
Pledges and grants receivable	$0	$0
Accounts receivable	$39,843,001	$101,093,605	-60.6%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$356,125	$457,947	-22.2%
Notes and loans receivable	$1,375,944	$2,399,512	-42.7%
Inventories for use	$349,092	$322,811	8.1%
Prepaid expenses and deferred charges	$15,183,535	$14,115,548	7.6%
Buildings, equipment, etc. post-depreciation	$1,258,649,379	$1,150,465,204	9.4%
Investments, publicly traded securities	$392,123,074	$389,387,764	0.7%
Investments, other securities	$789,848,196	$730,388,817	8.1%
Investments, program-related	$8,828,874	$5,440,129	62.3%
Intangible assets	$717,733	$792,535	-9.4%
Other assets	$22,571,959	$1,990,610	1033.9%
Total assets	$2,812,938,906	$2,571,559,687	9.4%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$71,082,091	$70,103,244	1.4%
Grants payable	$0	$0
Deferred revenue	$126,407,226	$156,970,249	-19.5%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$205,052,835	$207,769,474	-1.3%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$29,905,036	$32,706,878	-8.6%
Total liabilities	$432,447,188	$467,549,845	-7.5%

Field	2018	2017	% Change
Unrestricted net assets	$2,359,931,414	$2,087,057,966	13.1%
Temporarily restricted net assets	$4,794,568	$3,338,088	43.6%
Permanently restricted net assets	$15,765,736	$13,613,788	15.8%

Vendors for Liberty University

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-06-18
███ ███ ███	Audit accounting		2019-12-09
█████ ██████ ███████ ███	Tax accounting		2019-05-15
████████████ ██████████ ██████████ ███	Construction	$64,138,990	2018-06-01
█████ ███ ██████████	Construction	$10,324,025	2018-06-01
██████ ███	Admissions Lead Generation	$11,916,300	2018-06-01
████████ ████████ ███ ██████████	Architectural Services	$3,519,211	2018-06-01
█████████ ███████ ██	Investment Management	$4,126,542	2018-06-01
...and 22 more vendors

Personnel at Liberty University

Name	Title	Compensation	Most recent data
Randy Smith	Executive Vice President and Chief Operating Officer	$0	Aug. 8, 2019
John Gauger	Chief Information Officer and Vice President of Analytics	$236,724	Aug. 8, 2019
██████ ████	Executive Vice President of Finance	$228,528	Dec. 6, 2019
███████ ██████	Vice President of Marketing	-	Aug. 8, 2019
████████ ███████	Vice President of Development	-	Aug. 8, 2019
███ █████	Vice President of Major Construction	-	Aug. 8, 2019
█████ ███████	Executive Vice President for Human Resources	$288,567	Aug. 8, 2019
███ ████	Vice President of Benefits Administration	-	Aug. 8, 2019
█████ █████	Vice President of Business Administration	-	Aug. 8, 2019
███ ████████	Senior Vice President of Auxiliary Services	-	Nov. 6, 2017
...and 32 more key personnel

Peer universities

	Name	Type	Revenue	Location
1	Corporation of Gonzaga University	501(c)(3)	$356 million	Spokane, WA
2	University of Denver (DU)	501(c)(3)	$654 million	Denver, CO
3	Northeastern University (NU)	501(c)(3)	$1.6 billion	Boston, MA
4	University of Dayton (UD)	501(c)(3)	$744 million	Dayton, OH
5	Northwestern University	501(c)(3)	$3.1 billion	Evanston, IL
6	New York Institute of Technology (NYIT)	501(c)(3)	$327 million	Old Westbury, NY
7	MCPHS University	501(c)(3)	$364 million	Boston, MA
8	University of San Diego (USD)	501(c)(3)	$518 million	San Diego, CA
9	Duquesne University	501(c)(3)	$430 million	Pittsburgh, PA
10	Seattle University (SU)	501(c)(3)	$328 million	Seattle, WA
11	Saint Johns University (SJU)	501(c)(3)	$781 million	Jamaica, NY
12	Santa Clara University (SCU)	501(c)(3)	$524 million	Santa Clara, CA
13	Colgate University	501(c)(3)	$314 million	Hamilton, NY
14	Pace University	501(c)(3)	$581 million	New York, NY
15	Brown University	501(c)(3)	$1.3 billion	Providence, RI
16	Midwestern University	501(c)(3)	$464 million	Downers Grove, IL
17	Catholic University of America (CUA)	501(c)(3)	$362 million	Washington, DC
18	Elon University	501(c)(3)	$311 million	Elon, NC
19	Trustees of Boston University	501(c)(3)	$2.4 billion	Boston, MA
20	Rensselaer Polytechnic Institute (RPI)	501(c)(3)	$591 million	Troy, NY
21	Johnson & Wales University	501(c)(3)	$477 million	Providence, RI
22	University of Tulsa	501(c)(3)	$331 million	Tulsa, OK
23	Southern New Hampshire University (SNHU)	501(c)(3)	$806 million	Manchester, NH
24	Texas Christian University (TCU)	501(c)(3)	$848 million	Fort Worth, TX
25	Chapman University	501(c)(3)	$519 million	Orange, CA

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