National-Louis University
- Assets
- $129.0m
- Revenue
- $126.6m
- Investments
- $3.4m
- Employees
- 1,747
- Location
- Wheeling, IL
- Founding
- 03/1935
- Data as of
- 06/2022
- EIN
- 36-2167804
Organization Overview
National-Louis University is located in Wheeling, IL. The organization was established in 1935. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, National-Louis University employed 1,747 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National-Louis 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, National-Louis University generated $126.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $118.9m during the year ending 06/2022. While expenses have increased by 7.5% 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
NLU IS AN INCLUSIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES TO INSPIRE & EMPOWER LEARNERS TO PREPARE FOR & ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS.
Describe the Organization's Program Activity:
INSTRUCTION - THE UNIVERSITY SERVED 10,107 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION.
PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY.
RESEARCH - THE UNIVERSITY RECEIVES A NUMBER OF GRANTS THAT FUNDS RESEARCH PERFORMED TO FIND NEW WAYS TO HELP THE COMMUNITY BY INFORMING FUTURE INSTRUCTION AND EDUCATIONAL PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nivine Megahed President | Officer | 50 | $548,667 |
Saib Othman Provost-07/01/2021-05/31/2022 | Officer | 50 | $241,580 |
Aarti Dhupelia Vp, Undergraduate Education | 50 | $223,397 | |
Robert Muller Dean, National College Of Ed. | 50 | $219,269 | |
Michael Graham Vp, Chief Information Officer | 50 | $210,598 | |
Richard Yaconis Vp, Enrollment And Marketing | 50 | $210,149 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Enrollment Services | 6/29/22 | $1,273,080 |
Marketing Partnerships Internationa Marketing Services | 6/29/22 | $745,620 |
Meta Platforms Inc Online Advertising | 6/29/22 | $509,121 |
Google Llc Marketing Services | 6/29/22 | $2,680,026 |
Sentinel Technologies It Services | 6/29/22 | $472,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,312,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,789,112 |
| Noncash contributions included in lines 1a–1f | $204,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,101,373 |
| Total Program Service Revenue | $100,482,760 |
| Investment income | $1,398,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$108,230 |
| Net Gain/Loss on Asset Sales | -$23,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,590,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,683,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,296,647 |
| Compensation of current officers, directors, key employees. | $388,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,697,511 |
| Pension plan accruals and contributions | $1,858,076 |
| Other employee benefits | $6,927,233 |
| Payroll taxes | $4,011,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $365,775 |
| Fees for services: Accounting | $77,445 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,484 |
| Fees for services: Other | $7,576,275 |
| Advertising and promotion | $982,300 |
| Office expenses | $8,720,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,375,743 |
| Travel | $354,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $784,060 |
| Interest | $763,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,547,036 |
| Insurance | $525,504 |
| All other expenses | $12,146,466 |
| Total functional expenses | $118,898,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,405,777 |
| Pledges and grants receivable | $250,755 |
| Accounts receivable, net | $7,279,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $961,636 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,517,481 |
| Net Land, buildings, and equipment | $54,334,252 |
| Investments—publicly traded securities | $41,859,956 |
| Investments—other securities | $3,363,993 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,972,894 |
| Accounts payable and accrued expenses | $6,029,807 |
| Grants payable | $0 |
| Deferred revenue | $6,673,786 |
| Tax-exempt bond liabilities | $23,054,210 |
| 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 | $744,959 |
| Total liabilities | $36,502,762 |
| Net assets without donor restrictions | $75,358,254 |
| Net assets with donor restrictions | $17,111,878 |
| 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 | $128,972,894 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that National-Louis University has recieved totaling $1,822,714.
| Awarding Organization | Amount |
|---|---|
Robert R Mccormick Foundation Chicago, IL PURPOSE: BUILDING EC LEADERSHIP CAPACITY, FOR THE UNDERGRADUATE COLLEGE/PATHWAYS PROGRAM, BUILDING LEADERSHIP CAPACITY, PART II, DRIVING EQUITY IN HIGHER EDUCATION THROUGH INNOVATION AND STUDENT SUPPORT | $1,300,000 |
A Better Chicago Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $300,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $100,000 |
Samuel N & Mary Castle Foundation Honolulu, HI PURPOSE: HAWAII LEADERSHIP ACADEMY | $87,840 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: EDUCATION | $20,520 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
Endowment Analysis
| Beg. Balance | $44,899,294 |
| Earnings | -$5,295,083 |
| Net Contributions | $7,767,844 |
| Grants | $1,633,607 |
| Ending Balance | $45,738,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |