Nonprofit · EIN 85-0164940
UNIVERSITY OF THE SOUTHWEST
Tax-exempt · HOBBS, NM 88240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $21,824,198 | $18,352,001 | $3,472,197 | $20,479,133 | $1,969,465 | $18,509,668 |
| May 31, 2024 | 990 | $17,490,677 | $17,687,055 | -$196,378 | $16,764,341 | $1,677,885 | $15,086,456 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $1,426,890
- of which government grants
- $112,622
- Program service revenue
- $16,886,028
- Investment income
- $3,313,025
- Royalties
- $48,932
- Net gain from sales of assets
- $3,265,328
- Net income from fundraising events
- -$17,730
- Other revenue
- $198,255
Expenses
- Grants and similar amounts paid
- $4,016,687
- Compensation of officers, directors and key employees
- $754,522
- Other salaries and wages
- $5,173,011
- Salaries, compensation and benefits (total)
- $7,289,533
- Professional fundraising fees
- $70,544
- Legal fees
- $28,276
- Accounting fees
- $47,032
- Occupancy
- $398,343
- Travel
- $577,346
- Depreciation
- $728,212
- Program services (functional)
- $13,776,460
- Management and general (functional)
- $4,424,372
- Fundraising (functional)
- $151,169
Balance sheet and other
- Total assets, start of year
- $16,764,341
- Total assets, end of year
- $20,479,133
- Total liabilities, end of year
- $1,969,465
- Net assets, end of year
- $18,509,668
- Land, buildings and equipment
- $14,321,880
- Publicly traded securities
- $2,242,353
- Net assets without donor restrictions
- $18,234,960
- Net assets with donor restrictions
- $274,708
- Gross receipts
- $22,735,333
- Employees
- 158
- Volunteers
- 20
- Year formed
- 1962
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR RYAN TIPTON | PRESIDENT Officer | 40 | $312,715 | $18,078 |
| DR BRIANNA LOPEZ | CHIEF ACADEMIC OFFICER Key employee | 40 | $209,689 | $15,513 |
| DR PAULA SMITH | EVP/CFO/TREASURER Officer | 50 | $160,152 | $7,060 |
| DR KEISHA TIPTON | DEAN/FACULTY Highest-paid employee | 40 | $146,155 | $19,454 |
| STEVE APPEL | VICE PRESIDENT Highest-paid employee | 50 | $120,665 | $12,177 |
| DR LAUREN MILAM | FACULTY Highest-paid employee | 40 | $104,520 | $13,928 |
| DR STEPHANIE JOHNSON | FACULTY Highest-paid employee | 40 | $108,248 | $3,215 |
| DR SANDRA JOHNSON | FACULTY Highest-paid employee | 40 | $102,510 | $104 |
| DR ELAINE SENA CORTEZ | BOARD MEMBER / ADJUNCT PROFESSOR Trustee or director | 8 | $9,214 | $0 |
| LEE ROBERSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SHAW | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRAD CARESS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEN BROMLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLIFF BRUNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA CASTILLO ESQ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER EVANS | BOARD MEMBER Trustee or director | 1 | $0 |
| LEANNE GANDY | BOARD MEMBER Trustee or director | 1 | $0 |
| DR GEORGE KLEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL NEWELL ESQ | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD SANCHEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| CONNIE SEVIER | BOARD MEMBER Trustee or director | 1 | $0 |
| BOBBY SHAW | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN SNIDER | BOARD MEMBER Trustee or director | 1 | $0 |
| SAMUEL S SPENCER JR | BOARD MEMBER Trustee or director | 1 | $0 |
| LIZABETH WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY EIDSON | BOARD MEMBER (PART YEAR) Trustee or director | 1 | $0 |
| KRISTI GOODWIN | BOARD MEMBER (PART YEAR) Trustee or director | 1 | $0 |
| JAMES LACKEY | BOARD MEMBER (PART YEAR) Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Ryan Tipton | President Officer | 40 | $247,900 | $12,628 |
| Dr Brianna Lopez | Chief Academic Officer Key employee | 40 | $195,990 | $11,195 |
| Paula Smith | EVP/CFO Officer | 40 | $143,702 | $14,478 |
| Dr Keisha Tipton | Assoc. Dean/Faculty Highest-paid employee | 40 | $139,862 | $16,428 |
| Dr David Arnold | Faculty Highest-paid employee | 40 | $121,073 | $11,690 |
| Steve Appel | Vice President Highest-paid employee | 40 | $107,171 | $11,538 |
| Sandra Johnson | Faculty Highest-paid employee | 40 | $102,438 | $773 |
| Elaine Sena Cortez | Board Member / Adjunct Faculty Member Trustee or director | 8 | $12,650 | $0 |
| Brad Caress | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Cliff Brunson | Interim Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Lee Roberson | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Sabrina Amador | Treasurer (part year) Trustee or director, Officer | 1 | $0 | $0 |
| Samuel S Spencer Jr | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Brian Snider | Board Member Trustee or director | 1 | $0 | $0 |
| David Shaw | Board Member Trustee or director | 1 | $0 | $0 |
| Gary Eidson | Board Member Trustee or director | 1 | $0 | $0 |
| George Klein | Board Member Trustee or director | 1 | $0 | $0 |
| Heather Evans | Board Member Trustee or director | 1 | $0 | $0 |
| James Lackey | Board Member Trustee or director | 1 | $0 | $0 |
| Ken Bromley | Board Member Trustee or director | 1 | $0 | $0 |
| Kristi Goodwin | Board Member Trustee or director | 1 | $0 | $0 |
| Laura Castillo | Board Member Trustee or director | 1 | $0 | $0 |
| LeAnne Gandy | Board Member Trustee or director | 1 | $0 | $0 |
| Lizabeth White | Board Member Trustee or director | 1 | $0 | $0 |
| Michael Newell | Board Member Trustee or director | 1 | $0 | $0 |
| Raul Quintana | Board Member (part year) Trustee or director | 1 | $0 | $0 |
| Richard Sanchez | Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6610 N LOVINGTON HWY, HOBBS, NM 88240-9120
- In care of
- % VPCFO
- Principal officer (990 for 2024)
- DR RYAN TIPTON, 6610 NORTH LOVINGTON HWY 510, HOBBS, NM 88240
- Signed the 990
- DR RYAN TIPTON, PRESIDENT
- Phone
- (575) 392-6561
- Website
- WWW.USW.EDU
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
Mission
UNIVERSITY OF THE SOUTHWEST IS A CHRIST-CENTERED EDUCATIONAL COMMUNITY DEDICATED TO DEVELOPING MEN AND WOMEN FOR A LIFETIME OF SERVANT LEADERSHIP BY EMPHASIZING FAITH, RESPONSIBILITY, AND INITIATIVE.
Program accomplishments
- USW OFFERS GRADUATE LEVEL PROGRAMS IN THE FIELDS OF BUSINESS, EDUCATION, AND ARTS AND SCIENCES. DEGREES OFFERED INCLUDE MBA, DBA, MSE, EDD, MS, MA, AND DMIN. THE USW COLLEGE OF BUSINESS FUNCTIONS AS AN EDUCATIONAL CATALYST FOR POSITIVE SOCIAL CHANGE BY DEVELOPING BUSINESS LEADERS, ENTREPRENEURS, AND EXECUTIVES DEDICATED TO APPLYING SERVANT LEADERSHIP PRINCIPLES IN FREE ENTERPRISE OPERATIONS. THE USW COLLEGE OF EDUCATION MISSION IS TO IMMERSE CANDIDATES IN AUTHENTIC PROFESSIONAL LEARNING THROUGH A RIGOROUS AND INNOVATIVE CURRICULUM THAT LEVERAGES THEIR STRENGHTS AND EMPOWERS THEM TO BE REFLECTIVE PROFESSIONALS WHO ARE COMMITTED TO EQUITY AND SERVING THEIR STUDENTS, FAMILIES, AND COMMUNITIES FROM AN ASSET-BASED PERSPECTIVE. THE USW COLLEGE OF ARTS & SCIENCES IS DEDICATED TO PROVIDING THE HIGHEST QUALITY EDUCATION IN A WIDE RANGE OF ACADEMIC DISCIPLINES TO OFFER A DEEPER UNDERSTANDING OF LIFE, MEANING, PURPOSE, AND KNOWLEDGE WHILE DEVELOPING ANALYTICAL AND CRITICAL THINKING SKILLS ON A PATH TO BEING SERVANT LEADERS IN THEIR VOCATIONS.Expenses $6,281,276 · grants $907,904 · revenue $9,687,732
- USW OFFERS UNDERGRADUATE LEVEL PROGRAMS IN THE FIELDS OF BUSINESS, EDUCATION, AND ARTS AND SCIENCES. DEGREES OFFERED INCLUDE BBA, BSE, BS, AND BA. TO COMPLEMENT THE UNDERGRADUATE DEGREE PROGRAMS, STUDENT ORGANIZATIONS AND ACTIVITIES INCLUDE PROFESSIONAL, ACADEMIC HONOR, CHRISTIAN MINISTRY, CIVIC, AND CULTURAL EXPERIENCES. THE UNIVERSITY ALSO SUPPORTS INTRAMURAL SPORTS PROGRAMMING WHERE STUDENTS, STAFF, AND FACULTY ARE WELCOME TO PARTICIPATE. ATHLETIC PROGRAMMING INCLUDES: BASEBALL, SOFTBALL, MENS AND WOMENS BASKETBALL, MENS AND WOMENS SOCCER, VOLLEYBALL, CROSS COUNTRY, AND GOLF. AS A UNIVERSITY GROUNDED IN CHRISTIAN PRINCIPLES, USW OFFERS A PRISON SEMINARY PROGRAM FOR INCARCERATED INDIVIDUALS WISHING TO PURSUE AN UNDERGRADUATE DEGREE MEANT TO PREPARE THE INDIVIDUAL TO EFFECT POSITIVE COMMUNITY CHANGE THROUGH BEST PRACTICES IN LEADERSHIP, COMMUNICATION, ETHICS, AND CHRISTIAN STUDIES.Expenses $5,682,132 · grants $2,604,157 · revenue $5,719,871
- RESIDENCE HALLS, APARTMENTS, AND STUDENT MEAL PROGRAMS ARE AVAILABLE PRIMARILY FOR UNDERGRADUATE STUDENTS.Expenses $1,813,052 · grants $504,626 · revenue $1,478,425
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0164940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $20,479,133
- Income (IRS master file)
- $22,735,333
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $21,824,198 | $18,352,001 | $20,479,133 | IRS |
| 990 | May 2024 | $17,490,677 | $17,687,055 | $16,764,341 | XML |
| 990 | May 2023 | $17,030,000 | $16,554,579 | $17,478,150 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0164940).
Questions about UNIVERSITY OF THE SOUTHWEST
- What is the EIN of UNIVERSITY OF THE SOUTHWEST?
- The employer identification number (EIN) of UNIVERSITY OF THE SOUTHWEST is 85-0164940.
- Is UNIVERSITY OF THE SOUTHWEST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to UNIVERSITY OF THE SOUTHWEST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF THE SOUTHWEST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF THE SOUTHWEST due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF THE SOUTHWEST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of UNIVERSITY OF THE SOUTHWEST?
- The 990 for the year ended May 31, 2025 names DR RYAN TIPTON.
- Who are the officers and directors of UNIVERSITY OF THE SOUTHWEST?
- The 990 for the year ended May 31, 2025 lists 28 people; 9 received compensation from the organization, the highest $312,715 (DR RYAN TIPTON, PRESIDENT).
- How much revenue does UNIVERSITY OF THE SOUTHWEST have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $21,824,198, expenses of $18,352,001 and total assets of $20,479,133 at year end.
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- EAGLE TRUST FOUNDATION INC EIN 45-3178276 · last filed 990-EZ for 2023
- HOBBS HISPANO CHAMBER OF COMMERCEFOUNDATION EIN 26-0812769 · last filed 990 for 2025
- HOBBS BAND BOOSTERS EIN 85-0375802 · last filed 990 for 2026
- MARIA NOAH FOUNDATION EIN 83-4384853 · last filed 990-PF for 2024
- HOBBS HIGH SCHOOL SENIOR BASH EIN 38-3659709 · last filed 990-N for 2025
- LIMITLESS ADAPTIVE SPORTS EIN 99-1830376 · last filed 990-N for 2024