WILLIAM JESSUP UNIVERSITY

EIN: 941279803 501(c)(3)

ROCKLIN, CA

Total Revenue
$61,760,660
Total Expenses
$85,312,619
Total Assets
$129,904,040
Net Assets
$22,519,916
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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
CA
Principal Officer
PARNELL LOVELACE
Phone
9165772200
Tax Period
2024-07-01 to 2025-06-30

WILLIAM JESSUP UNIVERSITY, founded in 1945, is a mid-sized nonprofit that reported $61.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $85.3M exceeded revenue, resulting in a 38% operating deficit.

Mission

IN PARTNERSHIP WITH THE CHURCH, THE PURPOSE OF WILLIAM JESSUP UNIVERSITY IS TO EDUCATE TRANSFORMATIONAL LEADERS FOR THE GLORY OF GOD.

Program Service Accomplishments

Program 1
Expenses: $71,477,155 Revenue: $48,761,606

TRADITIONAL & DEGREE COMPLETION: JESSUP ENROLLS NEARLY 1,000 STUDENTS IN ITS UNDERGRADUATE AND DEGREE COMPLETION PROGRAMS WITH AN INTEGRATED BIBLICAL FOUNDATION IN EACH PROGRAM. EACH UNDERGRADUATE...

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TRADITIONAL & DEGREE COMPLETION: JESSUP ENROLLS NEARLY 1,000 STUDENTS IN ITS UNDERGRADUATE AND DEGREE COMPLETION PROGRAMS WITH AN INTEGRATED BIBLICAL FOUNDATION IN EACH PROGRAM. EACH UNDERGRADUATE PROGRAM IS FOUNDED ON A SOLID LIBERAL ARTS CORE AND INTENTIONALLY DESIGNED TO FOSTER A STUDENT'S SPIRITUAL DEVELOPMENT. WITH 28 TRADITIONAL AND DEGREE COMPLETION PROGRAMS, JESSUP HAS A VARIETY OF CONCENTRATIONS AND SPECIALIZATIONS FROM WHICH STUDENTS MAY CHOOSE. JESSUP'S DEGREE COMPLETION PROGRAMS ARE CUSTOMIZED TO SERVE WORKING ADULT STUDENTS IN A COURSE OF STUDY THAT IS CONVENIENT, FLEXIBLE, AND RELEVANT TO THEIR PERSONAL AND PROFESSIONAL GOALS. (CONTINUED ON SCHEDULE O)ACCELERATED COURSES ARE OFFERED REMOTELY IN A SYNCHRONOUS FORMAT. THE DEGREE COMPLETION PEDAGOGY IS BUILT TO SERVE HIGH-CONTEXT ADULT LEARNERS WHO BRING A WIDE RANGE OF WORK AND LIFE SKILLS, GIFTS, AND ABILITIES INTO THE CLASSROOM. EXPERIENTIAL AND CO-CURRICULAR LEARNING OPPORTUNITIES ARE A HALLMARK OF THE TRADITIONAL UNDERGRADUATE PROGRAMS AS OUR INTERNSHIP OPPORTUNITIES AND WORK PREPAREDNESS COURSES ASSIST STUDENTS IN SCHOOL-TO-WORK TRANSITIONS. MAJORS INCLUDE BUSINESS, CHILD DEVELPMENT, PSYCHOLOGY, CRIMINAL JUSTICE, LEADERSHIP, ENGLISH, HISTORY, MUSIC, THEATER, DIGITAL COMMUNICATION, ART & DESIGN, LIBERAL STUDIES & CREDENTIALING, POLITICAL SCIENCE, BIBLICAL STUDIES, BIOLOGY, BIOCHEMISTRY, KINESIOLOGY, MATH, AVIATION, ACCOUNTANCY, NURSING, EXERCISE SCIENCE, AND COMPUTER SCIENCE. JESSUP ALSO OFFERS THREE ASSOCIATE DEGREES. JESSUP PROVIDES A HOLISTIC EDUCATIONAL EXPERIENCE FOR ITS RESIDENTIAL AND COMMUTER STUDENTS. THE UNIVERSITY LEARNING COMMONS PROVIDES ENTRY LEVEL AND CONTINUING EDUCATIONAL SUPPORT SERVICES FOR SPECIAL NEEDS AND AT-RISK STUDENTS THROUGH A TEAM OF ACADEMIC SPECIALISTS, SUCCESS COACHES, AND TUTORS. EXPERT FACULTY WHO ARE SELECTED AND APPOINTED FOR THEIR ACADEMIC EXPERTISE, PROFESSIONAL EXPERIENCE, MISSIONAL FIT, AND ABILITY TO TEACH IN AN ACCELERATED ADULT CLASSROOM, CAPITALIZE ON THE ADULT LEARNER'S TRAINING AND EXPERIENCE TO HELP THEM GROW IN THEIR EXPERT KNOWLEDGE OF THE SUBJECT MATTER AS WELL AS THE ABILITY TO THINK, WRITE, READ, AND SPEAK WELL. THE ADC EDUCATIONAL EXPERIENCE SEEKS TO BRING THE WORLD OF WORK INTO THE CLASSROOM AND TAKE THE KNOWLEDGE AND EXPERIENCE OF THE CLASSROOM BACK INTO THEIR RESPECTIVE WORK SITUATIONS. FOSTERING A STUDENT'S PASSION FOR KNOWLEDGE, PROFESSIONAL GROWTH AND DEVELOPMENT, AND MATTERS OF PERSONAL FAITH AND SPIRITUAL FORMATION REFLECTS THE SPIRIT OF JESSUP'S ADULT DEGREE COMPLETION PROGRAMS IN BUSINESS ADMINISTRATION, PSYCHOLOGY, AND LEADERSHIP.

Program 2
Expenses: $1,554,404 Revenue: $5,029,371

GRADUATE EDUCATION: JESSUP OFFERS A GROWING ARRAY OF HIGH QUALITY GRADUATE DEGREES, EACH DESIGNED TO OFFER AN ADVANCED-LEVEL EDUCATIONAL EXPERIENCE TAUGHT BY HIGHLY QUALIFIED FACULTY WHO SHARE...

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GRADUATE EDUCATION: JESSUP OFFERS A GROWING ARRAY OF HIGH QUALITY GRADUATE DEGREES, EACH DESIGNED TO OFFER AN ADVANCED-LEVEL EDUCATIONAL EXPERIENCE TAUGHT BY HIGHLY QUALIFIED FACULTY WHO SHARE PERSONAL CONCERN FOR EACH STUDENT'S SPIRITUAL DEVELOPMENT AND PERSONAL WELL-BEING. CURRENT OFFERINGS SERVE OVER 350 STUDENTS AND INCLUDE A MA OF ACCOUNTANCY, MA IN TEACHING, MA IN EDUCATION, MBA, AN INTERNATIONAL MBA, MS IN COMPUTER SCIENCE, MA IN COUNSELING PSYCHOLOGY, MA IN LEADERSHIP, AND A MS IN KINESIOLOGY. WE HAVE ALSO ADDED, THROUGH OUR MULNOMAH CAMPUS, DEGREES INCLUDING A MA OF DIVINITY, MA OF BIBLICAL STUDIES, MA OF GLOBAL DEVELOPMENT AND JUSTICE, AND A DOCTOR OF MINISTRY DEGREE. (CONTINUED ON SCHEDULE O)JESSUP IS SELECTIVELY BUILDING HIGH-QUALITY GRADUATE DEGREES THAT SERVE STUDENT INTERESTS AND MARKETPLACE DEMANDS BASED ON THE CORE ACADEMIC STRENGTHS OF ITS PROGRAMS AND FACULTY. BOTH THESIS-BASED AND PROFESSIONAL DEGREE PROGRAMS PROVIDE OPPORTUNITIES FOR CRITICAL THINKING, SPEAKING, AND WRITING WITH THE GOAL OF PREPARING KNOWLEDGEABLE AND HIGHLY QUALIFIED GRADUATES WHO MAY PURSUE ADDITIONAL GRADUATE STUDY AND/OR PROFESSIONAL CAREERS. INTERNSHIP OPPORTUNITIES AND EXPERIENTIAL LEARNING EMPHASES PROVIDE STUDENTS WITH HANDS-ON OPPORTUNITIES TO PROMOTE THEIR PROFESSIONAL DEVELOPMENT.

Program 3
Expenses: $537,706 Revenue: $1,819,273

ONLINE EDUCATION:THE GROWTH OF ONLINE OPTIONS AND PROGRAMS NOW INCLUDES STUDENTS ACROSS ALL DEGREE PLATFORMS, AS JESSUP SERVES OVER 1200 STUDENTS ONLINE, WITH NEARLY 250 PARTICIPATING IN 10 FULLY...

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ONLINE EDUCATION:THE GROWTH OF ONLINE OPTIONS AND PROGRAMS NOW INCLUDES STUDENTS ACROSS ALL DEGREE PLATFORMS, AS JESSUP SERVES OVER 1200 STUDENTS ONLINE, WITH NEARLY 250 PARTICIPATING IN 10 FULLY ONLINE DEGREE PROGRAMS. UNDERGRADUATE ONLINE DEGREES INCLUDE BUSINESS, BIBLE AND THEOLOGY, COMPUTER SCIENCE, CRIMINAL JUSTICE, HEALTH CARE ADMINISTRATION, LEADERSHIP, PSYCHOLOGY, AND APPLIED PROFESSIONAL STUDIES.(CONTINUED ON SCHEDULE O)GRADUATE ONLINE DEGREES INCLUDE: MASTER OF COUNSELING PSYCHOLOGY (REMOTE SYNCHRONOUS), MASTER OF SCIENCE IN KINESIOLOGY, MASTER OF BUSINESS ADMINISTRATION, MASTER OF ARTS IN LEADERSHIP, MASTER OF ARTS IN EDUCATION, MASTER OF SCIENCE IN MANAGEMENT AND LEADERSHIP, AND MASTER OF ACCOUNTANCY (REMOTE SYNCHRONOUS). ONLINE DEGREES PROVIDE FLEXIBLE LEARNING PLATFORMS THAT ALLOW STUDENTS WHO WORK TO ACCESS FACULTY AND CURRICULUM IN A CONVENIENT FORMAT. SIMILARLY, LIBRARY RESOURCES AND STUDENT SUPPORT SERVICES ARE ALSO ACCESSIBLE ONLINE. FINALLY, BOTH JESSUP'S UNDERGRADUATE AND GRADUATE DEGREES HAVE THE SAME GRADUATION REQUIREMENTS AND SHARE FACULTY WITH THE ON-GROUND DEGREES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,092,374
Program Service Revenue $55,610,250
Investment Income $-4,782,945
Other Revenue $840,981
TOTAL REVENUE $61,760,660

Expense Breakdown

Grants Paid $21,259,277
Salaries & Benefits $33,089,854
Fundraising Expenses $2,762,309
Program Expenses $73,569,265
Other Expenses $30,963,488
TOTAL EXPENSES $85,312,619

Year-over-Year Comparison

2024 2023 Change
Revenue $61,760,660 $77,972,034 -0.2%
Expenses $85,312,619 $64,304,783 +0.3%
Net Income $-23,551,959 $13,667,251 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
12
Employees
1044
Volunteers
140

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$622,699
Total Directors
16
$395,627
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN JACKSON PRESIDENT/TRUSTEE 40.00
Officer Director
$221,706 $173,921 $395,627
BONNIE GORE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICK PICKERING VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVEN OLDS TREASURER 1.00
Officer Director
$0 $0 $0
EDWARD LEE SECRETARY 1.00
Officer Director
$0 $0 $0
LAURA CHIAPPE TRUSTEE 1.00
Director
$0 $0 $0
PAUL EDWARDS TRUSTEE 1.00
Director
$0 $0 $0
NICK GARZA TRUSTEE 1.00
Director
$0 $0 $0
CHRIS MANN TRUSTEE 1.00
Director
$0 $0 $0
CHRISTA PROCTOR TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER SILVA GRIFFIN TRUSTEE 1.00
Director
$0 $0 $0
TAMARA BENNETT TRUSTEE 1.00
Director
$0 $0 $0
HARLYN MATSON TRUSTEE 1.00
Director
$0 $0 $0
TED GAINES TRUSTEE 1.00
Director
$0 $0 $0
JOYCE SCHROEDER TRUSTEE 1.00
Director
$0 $0 $0
BRENT MESQUIT TRUSTEE 1.00
Director
$0 $0 $0
JUDITH RENTZ VP FOR OPERATIONS/COO 40.00
Officer
$196,882 $30,190 $227,072
MICHELLE NORMAN VP OF FINANCE/CFO(PART YEAR) 40.00
Officer
$0 $0 $0
ALLISON WEBB VP OF FINANCE/CFO 40.00
Officer
$0 $0 $0
JENNIFER MILLAR NURSING PROGRAM DIRECTOR 40.00
Highest
$146,471 $645 $147,116
AHMAD SHAAR MBA & MSCS PROGRAM DIRECTOR, ASSOCIATE PROFESSOR 40.00
Highest
$143,530 $11,634 $155,164
GEORGE STUBBLEFIELD PROFESSOR/DEAN SCHOOL OF NAT & APPLIED SCIENCE 40.00
Highest
$143,745 $28,060 $171,805
LANCE VON VOGT VP OF ATHLETICS 40.00
Highest
$147,057 $20,969 $168,026
KAY LLOVIO VP EDUCATIONAL EFFECTIVENESS 40.00
Highest
$137,663 $43,832 $181,495
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $61,760,660 $85,312,619 $129,904,040 $-23,551,959
2024 No data No data No data No data
2023 $57,224,285 $57,825,041 $137,158,194 $-600,756
2022 $60,123,299 $60,434,378 $119,510,265 $-311,079
2021 $60,314,784 $54,514,964 $122,894,462 $5,799,820
2020 $63,758,751 $54,385,117 $119,325,308 $9,373,634
2019 $51,352,286 $52,564,516 $111,642,360 $-1,212,230
2018 $48,127,182 $46,494,681 $103,477,273 $1,632,501
2018 $48,127,182 $46,494,681 $103,477,273 $1,632,501
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