William Jessup University

Tax-deductible

Rocklin, CA501(c)(3)Since 1945EIN 94-1279803Revenue $61.8M in FY2025

On file with the IRSjessup.edu2121 University Ave, 95765-3784 · Rocklin, CATax-exempt since Feb 1947School — 170(b)(1)(A)(ii)

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In partnership with the church, the purpose of William Jessup University is to educate transformational leaders for the glory of god.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 140 volunteers and 1,044 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $729K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $425K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$107.4M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 16 voting members
Looks good: 12 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61.8M
-21% vs prior year
Spent
$85.3M
To programs
86%
Net assets
$22.5M
By yearFY2020–FY2025
Revenue
$61.8M
FY2025▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$63.8M
FY2021$60.3M
FY2022$60.1M
FY2023$57.2M
FY2024$78.0M
FY2025$61.8M
Expenses
$85.3M
FY2025▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$54.4M
FY2021$54.5M
FY2022$60.4M
FY2023$57.8M
FY2024$64.3M
FY2025$85.3M
Net assets
$22.5M
FY2025▼ -51%
Tap a bar for its year
Net assets by fiscal year
FY2020$32.0M
FY2021$38.5M
FY2022$33.2M
FY2023$32.8M
FY2024$46.0M
FY2025$22.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $73.6M Management & general 11% · $9.0M Fundraising 3% · $2.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/Trustee
$221,706Pt VII · Sec A
VP for Operations/COO
$196,882Pt VII · Sec A
VP of Athletics
$147,057Pt VII · Sec A
Nursing Program Director
$146,471Pt VII · Sec A
Professor/Dean School of Nat & Applied Science
$143,745Pt VII · Sec A
MBA & Mscs Program Director, Associate Professor
$143,530Pt VII · Sec A
VP Educational Effectiveness
$137,663Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Jackson$221,706$230,735$236,994$278,869$239,126$165,914
Judith Rentz$196,882$138,257$132,106———
Judy Rentz————$187,035$179,775
Tom Sasser—————$169,973
Ahmad Shaar$143,530—$135,370$135,882$163,178$158,329
Scott Fera———$149,632$144,416—
Lance Von Vogt$147,057$142,411$114,715———
Jennifer Millar$146,471—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers Christ-centered university degrees through traditional, continuing, and online programs.

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Provided by the organization

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3 programs · $73.6M · in their own filed words · FY2024
01

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.

$71.5Mprogram expense
02

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.

$1.6Mprogram expense
03

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.

$538Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$425K
Grants paid · 14 grants · $101.7M · 2019–2024
Unitemized GrantFY2024$21,248,122
The Jessup FoundationCA · FY2024$11,155
Unitemized GrantFY2023$15,815,961
The Jessup FoundationCA · FY2023$11,365
Unitemized GrantFY2022$14,909,857
Unitemized GrantFY2022$51,660
Unitemized GrantFY2021$14,771,807
Unitemized GrantFY2021$2,042,694
Unitemized GrantFY2020$15,178,135
Unitemized GrantFY2020$741,928
Unitemized GrantFY2019$16,855,126

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$61.8M
Ln 12
Fees for servicesLn 2g$55.6M
Gifts and grantsLn 1h$10.1M
Investment incomeLn 3$143K
Money outPt IX
$85.3M
Ln 25
Programscol B$73.6M
Managementcol C$9.0M
Fundraisingcol D$2.8M
Owns and owesPt X
$22.5M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$129.9M
LiabilitiesLn 26$107.4M
PeoplePt VI, VII
24
listed · VII A
PaidVII A7
Voting boardVI 1a16
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Government grantsLn 1e$728K
Noncash giftsLn 1g$2.6M
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$55.6M
Investment incomeLn 3$143K
Gains on assetsLn 7−$5.2M
Total revenueLn 12$61.8M
Assets in detailPt X, end of year
CashLn 1$388K
SavingsLn 2$5.2M
Cash and savings togetherLn 1–2$5.6M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$113.6M
Other assetsLn 15$3.9M
Total assetsLn 16$129.9M
LiabilitiesLn 26$107.4M
Net assetsLn 32$22.5M
OperationsPt I, VI
EmployeesI 51,044
VolunteersI 6140
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$14.5M$5.6M
InvestmentsLn 11–13$789K$1.1M
Land, buildings, equipmentLn 10c$131.2M$113.6M
Total assetsLn 16$156.4M$129.9M
LiabilitiesLn 26$110.3M$107.4M
Net assetsLn 32$46.0M$22.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$21.2M$21.2M
Pay of current officers, directors and key staffLn 5$756K$620K$106K$30K
Pay of disqualified personsLn 6$560K$254K$207K$99K
Other salaries and wagesLn 7$25.6M$21.2M$3.4M$946K
Pension plan contributionsLn 8$337K$276K$47K$13K
Other employee benefitsLn 9$4.0M$3.3M$562K$161K
Payroll taxesLn 10$1.9M$1.5M$261K$75K
Management feesLn 11a$72K$59K$10K$3K
Legal feesLn 11b$724K$593K$101K$29K
Accounting feesLn 11c$87K$87K
Lobbying feesLn 11d$15K$15K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$6.4M$5.2M$880K$256K
Advertising and promotionLn 12$972K$817K$140K$15K
Office expensesLn 13$3.2M$2.6M$309K$337K
Information technologyLn 14$852K$699K$119K$34K
OccupancyLn 16$3.8M$3.0M$593K$169K
TravelLn 17$2.5M$2.0M$347K$99K
Conferences, conventions and meetingsLn 19$180K$147K$25K$7K
InterestLn 20$5.4M$4.5M$762K$218K
Depreciation, depletion and amortizationLn 22$3.6M$2.9M$501K$143K
InsuranceLn 23$547K$449K$77K$22K
Other expenses (24a–d)Ln 24$2.4M$1.9M$332K$95K
All other expensesLn 24e$275K$224K$39K$11K
Total functional expensesLn 25$85.3M$73.6M$9.0M$2.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $61.8M$85.3M−$23.6M$22.5M 990 PDF
FY2024 $78.0M$64.3M$13.7M$46.0M 990 PDF
FY2023 $57.2M$57.8M−$601K$32.8M 990 PDF
FY2022 $60.1M$60.4M−$311K$33.2M 990 PDF
FY2021 $60.3M$54.5M$5.8M$38.5M 990 PDF
FY2020 $63.8M$54.4M$9.4M$32.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $61,760,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,806,266$10,092,374
I-9 Program service revenuePrior year $47,125,031$55,610,250
I-10 Investment incomePrior year $1,220,129−$4,782,945
I-11 Other revenuePrior year −$179,392$840,981
I-12 Total revenuePrior year $77,972,034$61,760,660
I-13 Grants and similar amounts paidPrior year $15,827,326$21,259,277
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $25,010,982$33,089,854
I-16a Professional fundraising feesPrior year $107,144$0
I-17 Other expensesPrior year $23,359,331$30,963,488
I-18 Total expensesPrior year $64,304,783$85,312,619
I-19 Revenue less expensesPrior year $13,667,251−$23,551,959
Part VI · Governance 12 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $61,760,660 across 11 lines filed
Lines not itemized here account for $232,315 of total revenue; see the IRS return.
VIII-1c Fundraising events$17,361
VIII-1e Government grants$728,285
VIII-1f All other contributions, gifts and grants$9,346,728
VIII-1g Noncash contributions (included above)$2,559,682
VIII-1h Total contributions, gifts and grants$10,092,374
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,610,250$55,610,250
VIII-3 Investment incomeExcluded from tax $143,114$143,114
VIII-6 Net rental income or lossExcluded from tax $851,932$851,932
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,158,374−$5,158,374
VIII-8 Net income from fundraising eventsExcluded from tax −$10,951−$10,951
VIII-12 Total revenueRelated to mission $55,610,250 · Unrelated business $0 · Excluded from tax −$3,941,964$61,760,660
Part IX · Statement of functional expenses $85,312,619 across 25 lines filed
IX-1 Grants to domestic organizationsPrograms $11,155$11,155
IX-2 Grants to domestic individualsPrograms $21,248,122$21,248,122
IX-5 Pay of current officers, directors and key staffPrograms $619,680 · Management $105,799 · Fundraising $30,228$755,707
IX-6 Pay of disqualified personsPrograms $253,810 · Management $207,176 · Fundraising $98,697$559,683
IX-7 Other salaries and wagesPrograms $21,164,462 · Management $3,449,603 · Fundraising $946,097$25,560,162
IX-8 Pension plan contributionsPrograms $276,188 · Management $47,154 · Fundraising $13,473$336,815
IX-9 Other employee benefitsPrograms $3,290,820 · Management $561,847 · Fundraising $160,528$4,013,195
IX-10 Payroll taxesPrograms $1,528,719 · Management $261,001 · Fundraising $74,572$1,864,292
IX-11a Management feesPrograms $59,040 · Management $10,080 · Fundraising $2,880$72,000
IX-11b Legal feesPrograms $593,388 · Management $101,310 · Fundraising $28,946$723,644
IX-11c Accounting feesManagement $87,420$87,420
IX-11d Lobbying feesManagement $15,000$15,000
IX-11f Investment management feesManagement $10,234$10,234
IX-11g Other fees for servicesPrograms $5,243,770 · Management $880,278 · Fundraising $255,794$6,379,842
IX-12 Advertising and promotionPrograms $817,079 · Management $139,501 · Fundraising $15,086$971,666
IX-13 Office expensesPrograms $2,552,495 · Management $308,855 · Fundraising $337,213$3,198,563
IX-14 Information technologyPrograms $698,855 · Management $119,317 · Fundraising $34,090$852,262
IX-16 OccupancyPrograms $3,027,131 · Management $593,042 · Fundraising $169,441$3,789,614
IX-17 TravelPrograms $2,032,096 · Management $346,943 · Fundraising $99,127$2,478,166
IX-19 Conferences, conventions and meetingsPrograms $147,237 · Management $25,138 · Fundraising $7,182$179,557
IX-20 InterestPrograms $4,461,231 · Management $761,673 · Fundraising $217,621$5,440,525
IX-22 Depreciation, depletion and amortizationPrograms $2,937,159 · Management $501,466 · Fundraising $143,276$3,581,901
IX-23 InsurancePrograms $448,779 · Management $76,621 · Fundraising $21,891$547,291
IX-24 Other expenses (24a–d)Programs $1,934,028 · Management $332,105 · Fundraising $94,887$2,361,020
IX-24e All other expensesPrograms $224,021 · Management $39,482 · Fundraising $11,280$274,783
IX-25 Total functional expensesPrograms $73,569,265 · Management $8,981,045 · Fundraising $2,762,309$85,312,619
Part X · Balance sheet $129,904,040 assets, 21 lines filed
Asset lines not itemized here account for $1,616,929; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $735,735$388,138
X-2 Savings and temporary cash investmentsStart of year $13,762,628$5,206,617
X-3 Pledges and grants receivableStart of year $2,764,471$2,234,957
X-4 Accounts receivableStart of year $1,079,863$891,075
X-8 Inventories for sale or useStart of year $32,746$31,863
X-9 Prepaid expenses and deferred chargesStart of year $1,174,977$884,149
X-10c Land, buildings and equipment, netStart of year $131,166,334$113,631,172
X-11 Publicly traded securitiesStart of year $251,304$471,785
X-12 Other securitiesStart of year $537,197$628,517
X-15 Other assetsStart of year $2,251,478$3,918,838
X-16 Total assetsStart of year $156,355,543$129,904,040
X-17 Accounts payable and accrued expensesStart of year $6,664,199$6,255,925
X-19 Deferred revenueStart of year $6,023,365$3,657,345
X-20 Tax-exempt bond liabilitiesStart of year $70,180,977$68,676,660
X-24 Unsecured notes and loans payableStart of year $2,502,515$10,000,000
X-25 Other liabilitiesStart of year $1,585,167$893,327
X-26 Total liabilitiesStart of year $110,325,413$107,384,124
X-27 Net assets without donor restrictionsStart of year $36,822,254$11,460,435
X-28 Net assets with donor restrictionsStart of year $9,207,876$11,059,481
X-32 Total net assets or fund balancesStart of year $46,030,130$22,519,916
X-33 Total liabilities and net assetsStart of year $156,355,543$129,904,040
Part XI · Reconciliation of net assets $22,519,916 net assets at year end
XI-1 Total revenue$61,760,660
XI-2 Total expenses$85,312,619
XI-3 Revenue less expenses−$23,551,959
XI-4 Net assets at start of year$46,030,130
XI-5 Net unrealized gains (losses) on investments−$56,579
XI-9 Other changes in net assets$98,324
XI-10 Net assets at end of year$22,519,916

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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