FINLANDIA UNIVERSITY Charity Report

Tax-exempt status may be revoked

FINLANDIA UNIVERSITY

EIN 38-1359570 · Education (B41Z)

What they do

A LEARNING COMMUNITY DEDICATED to ACADEMIC EXCELLENCE and SERVICE.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

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 checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The report may be old. Ask for a newer one.

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

They name their leaders13 people are listed in the latest report.

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

Money made simple

75.39%of revenue went to mission work77.5% of expenses · Program services

1.52%of revenue went to fundraising1.6% of expenses

$97.23spent for every $100 of revenueRevenue covered expenses this year.

20.32%of revenue went to management and office costs20.9% of expenses

$2.06in assets for every $1 spent this yearSome assets cannot be spent right away.

9.2%of its money came from giftsOther money may come from services or investments.

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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.

Pay context: The highest compensation shown in this filing is $105,128 for DR PHILIP JOHNSON (PRESIDENT). 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 2020

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$18,081,025

Mission workProgram services$13,631,88275.39% of revenue77.5% of expenses

ManagementOffice and general costs$3,674,02920.32% of revenue20.9% of expenses

FundraisingAsking for donations$275,1191.52% of revenue1.6% of expenses

Revenue left after expensesReported annual surplus$499,9952.77% of revenueShown in gray on the chart

Total expenses$17,581,03097.23% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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

2020CurrentExpense mix: 77.5% mission · 20.9% management · 1.6% fundraisingTotal expenses: 97.23% of revenue

2019Expense mix: 97.8% mission · 1.5% management · 0.7% fundraisingTotal expenses: 95.94% of revenue

2018Expense mix: 99.9% mission · 0.0% management · 0.1% fundraisingTotal expenses: 101.99% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 78.50% of revenue

2016Expense mix: 99.9% mission · 0.0% management · 0.1% fundraisingTotal expenses: 113.61% of revenue

2015Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 103.06% of revenue

Money in and money out

Revenue$18,081,025

Expenses$17,581,030

Annual surplus $499,995 Revenue was higher than expenses 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)$13,631,882 · 77.5% of expenses

Management and office costs$3,674,029 · 20.9% of expenses

Fundraising$275,119 · 1.6% of expenses

See all reported dollar amounts

Revenue$18,081,025

Expenses$17,581,030

Assets$36,184,751

Contributions$1,662,531

Mission work (program services)$13,631,882

Fundraising$275,119

Management and general$3,674,029

Stocks and bonds$407,059

People

Leadership and board

Tax year 2020

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

People reported as paid

Person and titleCompensation

DR PHILIP JOHNSONPRESIDENT $105,128

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 (13)

DR PHILIP JOHNSONPRESIDENT

DR JOHN NISKATRUSTEE

GLENN ANDERSONTRUSTEE

JEANNE KEMPPAINENSECRETARY

MICHAEL NAKKULATRUSTEE

MR DANIEL NIEMITRUSTEE

MR MICHAEL A LAHTITRUSTEE

MR ROSS RINKINENTRUSTEE

MR STEPHEN NIKANDERTRUSTEE

MS JULIE BADELCHAIR

REV PETER VORHESTRUSTEE

SHELBY HAMARTRUSTEE

TIGER MARCOTTETRUSTEE

About this charity

Recognized since: June 1953
Location: 601 QUINCY STREET, HANCOCK, MI 49930
County: Houghton
In care of: DR PHILIP JOHNSON
Primary officer: DR PHILIP JOHNSON, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(906) 487-7231

Filing and classification

Latest tax year: 2020
Tax period began: July 1, 2020
Return type: 990
Tax preparer: ANDERSON TACKMAN & COMPANY PLC
NTEE classification: Education (B41Z)
Revocation date: November 15, 2024