Overview
What is Northwood University?
Northwood University, located at 4000 Whiting Drive in Midland, Michigan, is a nonprofit institution dedicated to providing education to over 2,400 students. With a team of 890 employees, they are committed to developing future leaders who contribute to global economic and social progress through the lens of free enterprise. Their mission extends beyond regular education, offering continuing educational opportunities. Northwood University's address in Midland, Michigan, is where they provide instruction to their students.
Official website here: www.northwood.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Northwood University has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The rating is derived from a comprehensive evaluation of its governance practices and financial health, indicating a robust commitment to transparency and responsible fiscal management. The high score is primarily attributable to the university's majority independent board and the absence of material asset diversions, which are critical indicators of strong organizational oversight.
The organization demonstrates excellence in various areas, such as maintaining an independent board comprising 100% members, having well-structured financial oversight mechanisms, and adhering to established policies regarding conflicts of interest and document retention. Furthermore, Northwood University excels in financial ratios, with a low liabilities-to-assets ratio and a high program expense ratio, suggesting that a significant portion of its resources is directed toward its educational programs.
While the data highlights many strengths, it does not provide extensive information on the university's specific programs or impact in the community. Future evaluations could benefit from insights into how effectively the university meets its educational goals and engages with its stakeholders. Overall, Northwood University appears to be a financially sound and well-governed institution.
This AI summary has been generated from information found on Charity Navigator.
Is Northwood University legitimate?
Northwood University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwood University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,561,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.northwood.edu
What is the mission statement of Northwood University?
Northwood University is dedicated to educating future leaders who contribute to global economic and social progress through the free-enterprise system. Their mission is to develop these leaders, providing instruction to over 2,400 students and offering continuous learning opportunities. The university focuses on shaping students to drive positive change and progress in various industries.
Official website here: www.northwood.edu
Who is the CEO of Northwood University?
Kristin Stehouwer Phd is the Vice President of Northwood University. The CEO's salary of Northwood University is $651,385 and their total compensation is $745,738.
Official website here: www.northwood.edu
What is the revenue of Northwood University?
Northwood University's revenue in 2022 was $83,695,631.
Official website here: www.northwood.edu
Who are the executives of Northwood University and what are their salaries?
The average compensation at Northwood University during 2022 was $1,755. There are 890 employees and 35 volunteers at Northwood University.
Here are 31 key members and their salaries (Northwood University's CEO's salary is $651,385 and their total compensation is $745,738):
- Compensation: $651,385
- Related: $0
- Other: $94,353
- Compensation: $299,201
- Related: $0
- Other: $20,927
- Compensation: $261,696
- Related: $0
- Other: $20,758
- Compensation: $248,829
- Related: $0
- Other: $14,589
- Compensation: $193,121
- Related: $0
- Other: $20,329
- Compensation: $184,490
- Related: $0
- Other: $23,892
- Compensation: $138,261
- Related: $0
- Other: $18,363
- Compensation: $143,561
- Related: $0
- Other: $8,276
- Compensation: $131,734
- Related: $0
- Other: $15,311
- Compensation: $136,515
- Related: $0
- Other: $10,166
- Compensation: $130,801
- Related: $0
- Other: $15,821
- Compensation: $95,541
- Related: $0
- Other: $4,709
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Official website here: www.northwood.edu
Where can I find the form 990 for Northwood University?
Northwood University's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwood.edu
Learn more at the official website: www.northwood.edu
Mission Statement of Northwood University
Northwood University, a dedicated educational institution, is committed to cultivating leaders who propel global economic and social advancement through the principles of free enterprise. In achieving this mission, the university provides education to over 2,400 students, imparting the necessary skills and knowledge to drive progress.
Beyond the classroom, Northwood University extends its educational reach through continuing education opportunities. By doing so, it ensures its students remain competitive and equipped to navigate the ever-evolving business landscape. The institution's unwavering dedication to fostering the next generation of global leaders is a testament to its enduring impact on the world.
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Impact
October, 2024
Northwood University develops free-enterprise leaders who drive global economic and social progress. By providing education to over 2,427 students, the institution plays a crucial role in fostering entrepreneurial skills and leadership qualities essential for success in the global marketplace. In addition to degree programs, Northwood University also offers continuing education opportunities, ensuring that individuals can further their knowledge and remain competitive in an ever-evolving economy. Located in Midland, MI, the university's mission underscores its commitment to shaping a dynamic workforce equipped to address contemporary challenges and contribute positively to society. Through its educational initiatives, Northwood University significantly impacts both individual lives and the broader community.
This information is meant to be a general summary of Northwood University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,101,125
- Program Service Revenue: $58,631,575
- Gross Receipts: $122,955,073
Assets and Liabilities:
- Total Assets: $223,672,132
- Total Liabilities: $11,066,576
- Net Assets: $212,605,556
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dormitories, Dining Hall
Revenue
$8,253,672
Fees From Special Program
Revenue
$379,996
Hotel, Meet Rooms, Banq
Revenue
$371,418
Tuition and Fees
Revenue
$49,111,262
Vending, Student Ctr, Etc
Revenue
$515,227
Organization Details
Founding Year
1959
Phone
(989) 837-4187Principal Officer
Kristin Stehouwer Phd
Main Address
4000 Whiting Drive, Midland, MI, 48640
Website
www.northwood.eduNTEE Category
Code: B430 - Education
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