Lewis University
- Assets
- $274.3m
- Revenue
- $192.4m
- Investments
- $104.0m
- Employees
- 1,786
- Location
- Romeoville, IL
- Founding
- 09/1975
- Data as of
- 06/2022
- EIN
- 36-2167773
Organization Overview
Lewis University is located in Romeoville, IL. The organization was established in 1975. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Lewis University employed 1,786 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lewis 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 06/2022, Lewis University generated $192.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $178.3m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEWIS UNIVERSITY, GUIDED BY ITS CATHOLIC AND LASALLIAN HERITAGE, PROVIDES TO A DIVERSE STUDENT POPULATION POST SECONDARY EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
THE UNIVERSITY PROVIDES POST SECONDARY EDUCATION AND TRAINING TO STUDENTS. PROGRAM SERVICE COSTS INCLUDE INSTRUCTORS, SALARIES, RESIDENCE HALL AND RELATED OPERATIONAL EXPENDITURES. APPROXIMATELY 6,500 STUDENTS ATTENDED DURING THIS PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Livingston President | OfficerTrustee | 40 | $504,631 |
Dr Christopher Sindt Provost | Officer | 40 | $277,717 |
Raymond Kennelly Chief Strategy Officer | Officer | 40 | $253,310 |
Teresa Krejci Vice President/cfo | Officer | 40 | $225,276 |
Luigi Amendolaleft 1021 VP For University Advancement | 40 | $201,616 | |
Ryan Butt Dean, College Of Business | 40 | $194,287 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Food & Custodial | 6/29/22 | $5,941,881 |
Wiley Edu Llc Online Education | 6/29/22 | $755,324 |
Miller Canfield Paddock And Stone Legal Services | 6/29/22 | $300,723 |
Education Dynamics Llc Marketing Consulting | 6/29/22 | $260,890 |
Midwest Conference Services Event Consulting | 6/29/22 | $245,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $331,210 |
| Related organizations | $0 |
| Government grants | $13,407,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,491,577 |
| Noncash contributions included in lines 1a–1f | $222,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,230,143 |
| Total Program Service Revenue | $169,681,972 |
| Investment income | $766,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,822,835 |
| Net Income from Fundraising Events | -$117,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,384,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,613,674 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,576,138 |
| Compensation of current officers, directors, key employees. | $138,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,272,886 |
| Pension plan accruals and contributions | $3,071,710 |
| Other employee benefits | $10,215,281 |
| Payroll taxes | $3,738,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $309,390 |
| Fees for services: Accounting | $112,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,331 |
| Fees for services: Other | $15,367,144 |
| Advertising and promotion | $3,223,547 |
| Office expenses | $3,662,079 |
| Information technology | $2,013,654 |
| Royalties | $5,395 |
| Occupancy | $3,269,084 |
| Travel | $2,328,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,897,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,592,673 |
| Insurance | $2,608,291 |
| All other expenses | $0 |
| Total functional expenses | $178,344,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,472 |
| Savings and temporary cash investments | $18,787,447 |
| Pledges and grants receivable | $1,423,758 |
| Accounts receivable, net | $9,058,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $810,521 |
| Net Land, buildings, and equipment | $134,885,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $104,012,753 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,275,121 |
| Total assets | $274,262,220 |
| Accounts payable and accrued expenses | $12,157,179 |
| Grants payable | $0 |
| Deferred revenue | $2,584,615 |
| Tax-exempt bond liabilities | $72,207,148 |
| 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 | $7,464,813 |
| Total liabilities | $94,413,755 |
| Net assets without donor restrictions | $147,523,499 |
| Net assets with donor restrictions | $32,324,966 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $274,262,220 |