HUSSON UNIVERSITY Charity Report

Public IRS 990 nonprofit record

HUSSON UNIVERSITY

EIN 01-0271210 · Education (B500)

What they do

Husson University Inspires and Prepares Students for Professional Careers In Current and Emerging Fields Within The Context of An Education Informed By The Sciences and Humanities.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders47 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

93.84%of revenue went to mission work90.5% of expenses · Program services

0.93%of revenue went to fundraising0.9% of expenses

$103.72spent for every $100 of revenueSpending was higher than revenue this year.

8.95%of revenue went to management and office costs8.6% of expenses

$1.55in assets for every $1 spent this yearSome assets cannot be spent right away.

3.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,526,431 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $544,248 for DR ROBERT A CLARK (PAST PRESIDENT (TERM END 6/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$94,887,660

Mission workProgram services$89,040,50093.84% of revenue90.5% of expenses

ManagementOffice and general costs$8,490,1238.95% of revenue8.6% of expenses

FundraisingAsking for donations$883,4680.93% of revenue0.9% of expenses

Total expenses$98,414,091103.72% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 90.5% mission · 8.6% management · 0.9% fundraisingTotal expenses: 103.72% of revenue

2023Expense mix: 89.0% mission · 9.4% management · 1.6% fundraisingTotal expenses: 99.31% of revenue

2022Expense mix: 89.6% mission · 8.8% management · 1.7% fundraisingTotal expenses: 98.25% of revenue

2021Expense mix: 89.8% mission · 8.7% management · 1.6% fundraisingTotal expenses: 94.59% of revenue

2020Expense mix: 88.7% mission · 9.6% management · 1.7% fundraisingTotal expenses: 91.59% of revenue

2019Expense mix: 89.7% mission · 8.5% management · 1.8% fundraisingTotal expenses: 88.77% of revenue

2018Expense mix: 87.6% mission · 10.6% management · 1.8% fundraisingTotal expenses: 97.42% of revenue

2017Expense mix: 83.6% mission · 14.5% management · 2.0% fundraisingTotal expenses: 95.17% of revenue

Money in and money out

Revenue$94,887,660

Expenses$98,414,091

Annual shortfall $3,526,431 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$89,040,500 · 90.5% of expenses

Management and office costs$8,490,123 · 8.6% of expenses

Fundraising$883,468 · 0.9% of expenses

See all reported dollar amounts

Revenue$94,887,660

Expenses$98,414,091

Assets$152,365,512

Income$98,095,191

Contributions$3,096,641

Mission work (program services)$89,040,500

Fundraising$883,468

Management and general$8,490,123

Executive compensation (total)$949,297

Stocks and bonds$52,672,734

Accounting fees$94,671

Investing fees$102,953

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR ROBERT A CLARKPAST PRESIDENT (TERM END 6/24) · 20 hrs/week $544,248Base $357,918 · Other $186,330

LYNNE COY-OGANPRESIDENT · 20 hrs/week $347,152Base $327,321 · Other $19,831

PHILLIP TAYLORDEAN OF SCIENCE & HUMANITIES · 40 hrs/week $214,193Base $193,257 · Other $20,936

R THOMAS WELCHPAST VP FINANCE & ADMIN/TREASURER · 40 hrs/week $207,532Base $171,627 · Other $35,905

MARIE HANKINSONDEAN COLLEGE OF BUSINESS & NESCOM · 40 hrs/week $206,937Base $183,846 · Other $23,091

WILLIAM LIMBLADPROFESSOR OF PHARMOCOLOGY · 40 hrs/week $181,750Base $161,580 · Other $20,170

AMY ARNETTDEAN COLLEGE HEALTH/ASSOC. PROVOST · 40 hrs/week $178,908Base $155,765 · Other $23,143

MICHAEL FOXVP FOR ENROLLMENT MANAGEMENT · 40 hrs/week $173,562Base $163,738 · Other $9,824

VALERIE SAUDAFACULTY TRUSTEE · 40 hrs/week $130,637Base $99,200 · Other $31,437

CASSANDRA WHITEPAST FACULTY TRUSTEE · 20 hrs/week $72,649Base $63,018 · Other $9,631

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (47)

DR ROBERT A CLARKPAST PRESIDENT (TERM END 6/24)

LYNNE COY-OGANPRESIDENT

PHILLIP TAYLORDEAN OF SCIENCE & HUMANITIES

R THOMAS WELCHPAST VP FINANCE & ADMIN/TREASURER

MARIE HANKINSONDEAN COLLEGE OF BUSINESS & NESCOM

WILLIAM LIMBLADPROFESSOR OF PHARMOCOLOGY

AMY ARNETTDEAN COLLEGE HEALTH/ASSOC. PROVOST

MICHAEL FOXVP FOR ENROLLMENT MANAGEMENT

VALERIE SAUDAFACULTY TRUSTEE

CASSANDRA WHITEPAST FACULTY TRUSTEE

RYAN WHEELOCKPAST STUDENT TRUSTEE

MICHAEL E WILLIAMSONTRUSTEE

MICHELLE MONTGOMERYTRUSTEE

PHILIP E HARRIMANVICE CHAIR

BRADLEY LIBBYTRUSTEE

ARTHUR D FULLERTRUSTEE

RANDEL L WADLEIGHTRUSTEE

RICHARD C TROTT JRTRUSTEE

ROBERT J RONANTRUSTEE

ROSS Y FURMANTRUSTEE

MARY PRYBYLOTRUSTEE

STEPHEN COSTONTRUSTEE

SUSAN A CARLISLETRUSTEE

SUSITH L WIJETUNGATRUSTEE

TRACEY WHITTENPAST TRUSTEE

W TOM SAWYER JRPAST TRUSTEE

WILL TAYLORTRUSTEE

ALBERT W ALLENTRUSTEE

JOHN M ROHMANPAST TRUSTEE

DANIEL B COFFEYPAST TRUSTEE

DANIEL R HUTCHINSCHAIR

DEB NEUMANTRUSTEE

DEBORAH CAREY JOHNSONTRUSTEE

DR IRVING SCHNEIDERPAST TRUSTEE

EARL C BLACKPAST TRUSTEE

EDWARD O DARLINGTRUSTEE

GEORGE PUSEYTRUSTEE

JACLYN FISHTRUSTEE

DALTON T EDGECOMBTRUSTEE

JOHN P BOUCHERTRUSTEE

KATHRYN COPETRUSTEE

KELLI L THERIAULT HUTCHINSPAST TRUSTEE

KENNETH A HEWSTRUSTEE

KRIS A DOODYTRUSTEE

LUCY STONESTUDENT TRUSTEE

BRUCE GRAINGERTRUSTEE

BROCK R BRADFORDTRUSTEE

About this charity

Recognized since: January 1964
Location: One College Circle, Bangor, ME 04401
County: Penobscot
In care of: Ellen Bemis
Primary officer: Ellen Bemis, VP of Finance

How to reach them

WebsiteVisit the charity’s website Emailadmit@husson.edu Phone(207) 941-7000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BERRY DUNN MCNEIL & PARKER LLC
NTEE classification: Education (B500)
IRS tax category: Colleges, Universities, and Professional Schools