Depauw University
- Assets
- $1.0b
- Revenue
- $170.1m
- Investments
- $308.5m
- Employees
- 1,553
- Location
- Greencastle, IN
- Founding
- 01/1930
- Data as of
- 06/2020
- EIN
- 35-0869045
Organization Overview
Depauw University is located in Greencastle, IN. The organization was established in 1930. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Depauw University employed 1,553 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Depauw University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Depauw University generated $170.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $181.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEPAUW IS A NATIONALLY-RECOGNIZED, LEADING LIBERAL ARTS COLLEGE COMMITTED TO CREATING AN ATMOSPHERE OF INTELLECTUAL CHALLENGE & ENGAGEMENT THAT PREPARES STUDENTS FOR LIFELONG SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPAUW UNIVERSITY IS A NATIONALLY-RECOGNIZED, LEADING LIBERAL ARTS COLLEGE IN GREENCASTLE, INDIANA, DEDICATED TO EDUCATING 1,800 STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. CONNECTED TO THE LIBERAL ARTS COLLEGE IS ONE OF THE NATION'S FIRST SCHOOLS OF MUSIC. FOR 184 YEARS, DEPAUW HAS CREATED AN ATMOSPHERE OF INTELLECTUAL CHALLENGE AND SOCIAL ENGAGEMENT THAT PREPARES STUDENTS FOR LIFELONG SUCCESS. ACADEMICS AT DEPAUW PUSH STUDENTS TO GAIN BROAD EXPOSURE TO MULTIPLE DISCIPLINES BEFORE NARROWING THEIR FOCUS. DEPAUW OFFERS DOZENS OF MAJORS AND MINORS, A HANDFUL OF HONORS AND FELLOWS PROGRAMS, AND A SET OF EXPERIENTIAL LEARNING OPPORTUNITIES THAT CHALLENGE STUDENTS WITHIN AND BEYOND THE CLASSROOM. BUILDING NETWORKS HAS NEVER BEEN MORE IMPORTANT THAN IT IS RIGHT NOW. AT DEPAUW, STUDENTS MAKE CONNECTIONS THROUGH STUDENT-RUN CLUBS AND ORGANIZATIONS, NCAA DIVISION III ATHLETICS AND OTHER SPORTS, FRATERNITIES AND SORORITIES, AND SERVICE ORGANIZATIONS. DEPAUW ALUMNI GO ON TO CAREERS IN ACADEMIA, MEDICINE, LAW, MUSIC, FINANCE, EDUCATION AND NUMEROUS OTHER FIELDS. THEY ARE SURGEONS, ACTORS, LEGAL ADVOCATES AND ENVIRONMENTAL ACTIVISTS. DEPAUW TAKES PRIDE IN HAVING GIVEN EACH ONE THE CONFIDENCE TO TAKE RISKS AND THE TOOLS TO REALIZE THEIR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Messer Construction Co Construction Management | 6/29/21 | $9,303,408 |
Affinity Empowering Inc Health Services | 6/29/21 | $1,133,059 |
Bon Appetit Management Company Food Service | 6/29/21 | $4,134,061 |
Ecosystem Energy Services Usa Inc Construction Management | 6/29/21 | $5,874,475 |
Cornerstone Partners Llc Investment Advisor | 6/29/21 | $1,583,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,686,887 |
| Investment income | $3,326,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,713,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,125,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $60,447,145 |
| Grants and other assistance to Foreign Orgs/Individuals | $511,097 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,255,089 |
| Compensation to disqualified persons | $384,520 |
| Other salaries and wages | $39,425,054 |
| Pension plan accruals and contributions | $2,677,224 |
| Other employee benefits | $14,032,651 |
| Payroll taxes | $3,066,880 |
| Fees for services: Management | $55,248 |
| Fees for services: Legal | $244,482 |
| Fees for services: Accounting | $195,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,974,264 |
| Fees for services: Other | $3,576,907 |
| Advertising and promotion | $675,507 |
| Office expenses | $1,306,465 |
| Information technology | $1,244,859 |
| Royalties | $0 |
| Occupancy | $6,115,650 |
| Travel | $1,679,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,226,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,666,104 |
| Insurance | $552,179 |
| All other expenses | $0 |
| Total functional expenses | $181,130,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,072 |
| Savings and temporary cash investments | $6,111,746 |
| Pledges and grants receivable | $70,787,838 |
| Accounts receivable, net | $1,003,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $160,000 |
| Inventories for sale or use | $238,735 |
| Prepaid expenses and deferred charges | $1,867,714 |
| Investments—publicly traded securities | $344,870,653 |
| Investments—other securities | $308,480,532 |
| Investments—program-related | $6,223,296 |
| Intangible assets | $0 |
| Other assets | $5,867,322 |
| Total assets | $1,044,669,443 |
| Accounts payable and accrued expenses | $19,757,994 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $148,361,451 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,752,669 |
| Total liabilities | $242,872,114 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $801,797,329 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Depauw University has recieved totaling $10,512.
| Awarding Organization | Amount |
|---|---|
Priebe Family Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATING | $10,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $512 |
Endowment Analysis
| Beg. Balance | $692,896,380 |
| Earnings | $163,655,129 |
| Admin Expense | $2,267,171 |
| Net Contributions | $6,414,776 |
| Other Expense | $14,074,891 |
| Grants | $44,971,707 |
| Ending Balance | $801,652,516 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |