Husson University
89% goes to programs $15 to raise $100 Strong reserves
Husson University is a 501(c)(3) organization based in Bangor, Maine, registered in 1964, with $86,166,682 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
1 College Cir, Bangor, ME, 04401 EIN 01-0271210 Since 1964
Revenue (FY2023)
$86.2M
▲ 5.1% vs prior year
Education median: $200K
Expenses (FY2023)
$85.6M
Net assets
$116.0M
Employees
1,413
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $15 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Husson University: 89% to programs · $15 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Husson University: 16 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Husson University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Husson University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Educational institution
What they do
Auxiliary servicesthe auxiliary services department provides a variety of support services designed to enhance the husson educational and student experience for the university. serving a diverse set of stakeholders, auxiliary services works to ensuring the continued success of the university in a fiscally responsible manner while reducing risk for the institution.services provided by this department include dining, maintenance, custodial, environmental health, safety, security, grounds keeping, the bookstore, and capital facility project management.dining services seeks to provide a variety of wholesome, nutritious foods that meet the diverse needs of the husson university community.husson offers a variety of housing options for over 1,000 students which includes hart hall, carlisle hall, bell hall, the darling learning center, and the townhouses. the living learning center can house up to 240 students. each suite in the darling learning center features suite-style living for four students. three townhouse buildings have room for 72 students. each townhouse has six two-story fully furnished apartments. the campus also includes the dyke center for family business, gracie theatre, newman gymnasium, swan center, wellness learning center, the webber pool, as well as numerous athletic fields
Contact & location
- Address
- 1 College Cir, Bangor, ME, 04401
- City
- Bangor
- State
- Maine
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $57.0M (FY2013) to $86.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $36.9MNet assets $116.0M
Operating margin
0.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$152.9M
Total liabilities
$36.9M
Net assets
$116.0M
Salaries & benefits
$39.5M
46% of expenses
Board members
31
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $86,166,682▲5.1% | $85,575,314▲6.3% | $115,958,920▲4.8% | $152,876,918▲2.2% | 990 |
| 2022 | $81,957,246▼5.3% | $80,527,066▼1.6% | $110,604,133▲5.4% | $149,562,202▼0.5% | 990 |
| 2021 | $86,528,834▲7.7% | $81,846,145▲11.2% | $104,900,978▼0.4% | $150,282,751▼3.3% | 990 |
| 2020 | $80,358,299▼1.8% | $73,598,070▲1.3% | $105,366,643▲15.4% | $155,415,813▲9.3% | 990 |
| 2019 | $81,813,768▲11.2% | $72,622,401▲1.3% | $91,330,701▲8.3% | $142,213,765▲11.1% | 990 |
| 2018 | $73,564,487▲3.8% | $71,669,096▲6.2% | $84,346,972▲2.2% | $128,036,499▲2.5% | 990 |
| 2017 | $70,889,649▲3.0% | $67,465,770▲2.9% | $82,511,685▲7.1% | $124,918,770▲8.3% | 990 |
| 2016 | $68,792,826▲6.5% | $65,540,188▲5.2% | $77,031,011▲7.6% | $115,353,931▲11.4% | 990 |
| 2015 | $64,581,961▲3.6% | $62,280,249▲3.3% | $71,591,953▲1.9% | $103,579,712▼0.3% | 990 |
| 2014 | $62,335,594▲9.3% | $60,267,647▲13.0% | $70,291,097▲4.2% | $103,842,696▲1.6% | 990 |
| 2013 | $57,014,084 | $53,314,699▲8.7% | $67,455,053▲10.7% | $102,228,355▲21.5% | 990 |
| 2012 | — | $49,028,359▲5.3% | $60,949,664▲11.3% | $84,135,825▲6.7% | 990 |
| 2011 | — | $46,573,856▲10.9% | $54,762,214▲11.2% | $78,886,027▲24.6% | 990 |
| 2010 | — | $41,981,950▲10.2% | $49,246,720▲12.4% | $63,294,559▼0.5% | 990 |
| 2009 | — | $38,106,323 | $43,825,496 | $63,585,482 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Dr Robert A Clark — $356,149 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Robert A Clark | President | 40 | $356,149 |
| James Nash | Dean of Health & Pharmacy | 40 | $222,037 |
| Lynne Coy-ogan | Provost | 40 | $214,711 |
| Philip Taylor | Dean of Science & Humanities | 40 | $189,505 |
| Marie E Hankinson | Dean College of Business & Nescom | 40 | $180,146 |
| Sarah C Robinson | Vp of Advancement | 40 | $164,597 |
| R Thomas Welch | Vp Finance & Admin/treasurer | 40 | $162,819 |
| William J Lindblad | Professor of Pharmacology | 40 | $152,737 |
| Cassandra White | Faculty Trustee | 4 | $117,742 |
| Albert W Allen | Trustee | 4 | — |
| Arthur D Fuller | Trustee | 4 | — |
| Bradley Libby | Trustee | 4 | — |
| Brock R Bradford | Trustee | 4 | — |
| Dalton T Edgecomb | Trustee | 4 | — |
| Daniel B Coffey | Trustee | 4 | — |
| Daniel R Hutchins | Chair | 8 | — |
| Deborah Carey Johnson | Trustee | 4 | — |
| Dr Irving Schneider | Trustee | 4 | — |
| Earl C Black | Trustee | 4 | — |
| Edward O Darling | Trustee | 4 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Education Dynamics LLC | Admin & Marketing | $2,614,607 |
| Decibel Media LLC | Advertising | $1,314,679 |
| Cyr Bus Line | Student Transportation | $440,469 |
| Creative Print Services | Printing Services | $396,016 |
| Systems Engineering | It Services | $297,409 |
Grants received · $534K total
22 grants to Husson University totaling $534K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Maine Community Foundation Inc | Education, theater | 2024 | $32,465 |
| The New York Community Trust | For a scholarship award. | 2024 | $9,000 |
| Maine Community Foundation Inc | Universities | 2023 | $22,510 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,434 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $10,250 |
| The New York Community Trust | For a scholarship award. | 2023 | $9,000 |
| Maine Community Foundation Inc | Scholarships & student financial aid | 2022 | $13,360 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $8,050 |
| National Philanthropic Tr | Education | 2022 | $7,250 |
| Maine Community Foundation Inc | Scholarships & financial aid | 2021 | $12,530 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $55,880 |
| Maine Community Foundation Inc | Universities | 2020 | $13,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $43,550 |
| Maine Community Foundation Inc | Universities | 2019 | $13,110 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $54,050 |
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Compare Husson University
Frequently asked questions
- Is Husson University a legitimate nonprofit?
- Yes. Husson University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0271210, based in Bangor, Maine. Donations are tax-deductible.
- What is Husson University's EIN?
- Husson University's Employer Identification Number (EIN) is 01-0271210.
- How much revenue does Husson University report?
- Husson University reported $86,166,682 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Husson University's spending goes to programs?
- Husson University spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Husson University have?
- CharityIndex grades Husson University A, based on program efficiency and fundraising cost.
- How much does Husson University's highest-paid employee make?
- The highest reported compensation on Husson University's latest Form 990 is $356,149, paid to Dr Robert A Clark (President).
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Data for Husson University (EIN 01-0271210) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.