Benedictine University
- Assets
- $178.3m
- Revenue
- $99.4m
- Investments
- $15.7m
- Employees
- 1,117
- Location
- Lisle, IL
- Founding
- 03/1946
- Data as of
- 05/2022
- EIN
- 36-2722198
Organization Overview
Benedictine University is located in Lisle, IL. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Benedictine University employed 1,117 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benedictine 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 05/2022, Benedictine University generated $99.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $101.9m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
BENEDICTINE UNIVERSITY IS AN INCLUSIVE ACADEMIC COMMUNITY DEDICATED TO TEACHING AND LEARNING, SCHOLARSHIP AND SERVICE, TRUTH AND JUSTICE, AS INSPIRED BY THE CATHOLIC INTELLECTUAL TRADITION, THE SOCIAL TEACHING OF THE CHURCH, AND THE PRINCIPLES OF WISDOM IN THE RULE OF ST. BENEDICT.
Describe the Organization's Program Activity:
EDUCATIONAL ACTIVITIES AND RELATED ENTERPRISE COSTS AND EXPENSES FOR 3,778 UNDERGRADUATE AND GRADUATE STUDENT ENROLLMENT.
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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 |
|---|---|---|
Wiley Edu Llc Marketing & Recruting For Online Programs | 5/30/22 | $3,418,594 |
Scholarbuys Llc It Consulting | 5/30/22 | $163,529 |
Crowe Llp Accounting Services | 5/30/22 | $138,310 |
Alhambra Mesa Llc Property Management | 5/30/22 | $371,177 |
Diehl Centre Point Llc Property Management | 5/30/22 | $208,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,124,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,877,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,002,746 |
| Total Program Service Revenue | $85,843,910 |
| Investment income | $1,110,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $468,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,425,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,800,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,122,564 |
| Compensation of current officers, directors, key employees. | $844,536 |
| Compensation to disqualified persons | $19,725 |
| Other salaries and wages | $28,682,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,566,941 |
| Payroll taxes | $2,214,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,028 |
| Fees for services: Accounting | $133,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,820 |
| Fees for services: Other | $247,302 |
| Advertising and promotion | $881,769 |
| Office expenses | $1,533,134 |
| Information technology | $1,932,008 |
| Royalties | $0 |
| Occupancy | $3,726,325 |
| Travel | $1,015,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,088 |
| Interest | $2,034,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,214,016 |
| Insurance | $591,255 |
| All other expenses | $3,482,986 |
| Total functional expenses | $101,910,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,087,358 |
| Savings and temporary cash investments | $2,151,765 |
| Pledges and grants receivable | $3,284,260 |
| Accounts receivable, net | $4,313,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,042,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $669,516 |
| Net Land, buildings, and equipment | $99,315,221 |
| Investments—publicly traded securities | $24,577,343 |
| Investments—other securities | $15,730,025 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,154,075 |
| Total assets | $178,325,344 |
| Accounts payable and accrued expenses | $6,040,114 |
| Grants payable | $0 |
| Deferred revenue | $4,341,773 |
| Tax-exempt bond liabilities | $53,401,551 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,777,592 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,827,657 |
| Total liabilities | $75,388,687 |
| Net assets without donor restrictions | $75,808,050 |
| Net assets with donor restrictions | $27,128,607 |
| 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 | $178,325,344 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Benedictine University has recieved totaling $227,762.
| Awarding Organization | Amount |
|---|---|
Arthur J Schmitt Foundation Northbrook, IL PURPOSE: STUDENT SCHOLARSHIPS & LEADERSHIP DEVELOPMENT | $70,000 |
Cuneo Foundation Vernon Hills, IL PURPOSE: NEEDS BASED SCHOLARSHIP | $50,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Associated Colleges Of Illinois Inc Chicago, IL PURPOSE: Educational Activities | $22,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $15,000 |
Tellabs Foundation Downers Grove, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $40,897,545 |
| Earnings | $1,577,869 |
| Net Contributions | $464,381 |
| Grants | $1,259,118 |
| Ending Balance | $41,680,677 |
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 |