Mckendree University
- Assets
- $111.3m
- Revenue
- $67.9m
- Investments
- $0.0
- Employees
- 913
- Location
- Lebanon, IL
- Founding
- 05/1943
- Data as of
- 06/2021
- EIN
- 37-0661219
Organization Overview
Mckendree University is located in Lebanon, IL. The organization was established in 1943. 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, Mckendree University employed 913 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckendree 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 06/2021, Mckendree University generated $67.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $59.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MCKENDREE UNIVERSITY IS TO PROVIDE A HIGH QUALITY EDUCATIONAL EXPERIENCE TO OUTSTANDING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND ACADEMIC SUPPORT - WE OFFER UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO DEVELOP OUR STUDENT'S KNOWLEDGE, ANALYTICAL ABILITIES, RESEARCH CAPABILITIES, CREATIVITY, AND SENSE OF IDENTITY. WE OFFER AN INTELLECTUAL AND TECHNOLOGICAL ENVIRONMENT SUPPORTIVE OF INNOVATIVE AND EFFECTIVE TEACHING, RESEARCH, ASSESSMENT AND COMMUNICATION, EXCELLENT WRITING AND ORAL SKILLS, AND DECISION MAKING.
STUDENT SERVICES - TO HELP OUR STUDENTS DEVELOP AN APPRECIATION AND UNDERSTANDING OF DIVERSITY BY PROVIDING KNOWLEDGE OF AND OPPORTUNITY FOR EXPERIENCE WITH MULTIPLE ETHNICITY, CULTURES, AND SOCIETIES AND TO CREATE A CULTURE OF CAMPUS LIFE THAT INCLUDES EXPERIENCES BEYOND THE CLASSROOM THAT ALLOW FOR DEVELOPMENT OF THE WHOLE PERSON.
AUXILIARY SERVICES - TO PROVIDE ROOM AND BOARD FOR STUDENTS AT THE LEBANON, IL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Daniel C Dobbins Current President | Officer | 40 | $324,251 |
Mr James Dennis Past President | Officer | 40 | $283,660 |
Christine Bahr Past Provost | 40 | $162,281 | |
Mr Daryl Hancock VP Of Operations | 40 | $157,837 | |
Marilee K Montanaro Vice President For Admin & Finance | Officer | 40 | $141,143 |
Richelle Rennegarbe Director Of Dnp Programs | 40 | $124,174 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Focus Management Goup Usa Inc Business Management Consulting | 6/29/21 | $193,222 |
Hawk Development Company Llc Construction | 6/29/21 | $231,213 |
Ellucian Company Lp Higher Education Technology Services | 6/29/21 | $636,709 |
Secure Data Technologies Inc Infrastructure Technology Services | 6/29/21 | $358,792 |
Bryan Cave Leighton Paisner Llp Legal Services | 6/29/21 | $246,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,858,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,066,086 |
| Noncash contributions included in lines 1a–1f | $108,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,924,461 |
| Total Program Service Revenue | $56,549,704 |
| Investment income | $749,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,290 |
| Net Rental Income | $34,895 |
| Net Gain/Loss on Asset Sales | $2,361,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,934,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,385,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $820,256 |
| Compensation of current officers, directors, key employees. | $158,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,035,753 |
| Pension plan accruals and contributions | $633,272 |
| Other employee benefits | $2,078,122 |
| Payroll taxes | $1,035,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $394,963 |
| Fees for services: Accounting | $74,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,517 |
| Fees for services: Other | $3,054,801 |
| Advertising and promotion | $235,477 |
| Office expenses | $1,233,040 |
| Information technology | $1,055,196 |
| Royalties | $0 |
| Occupancy | $2,568,336 |
| Travel | $843,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,580 |
| Interest | $1,039,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,370,823 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $59,464,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,202,507 |
| Savings and temporary cash investments | $8,221 |
| Pledges and grants receivable | $5,358,522 |
| Accounts receivable, net | $1,598,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $253,279 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $427,919 |
| Net Land, buildings, and equipment | $51,082,010 |
| Investments—publicly traded securities | $50,369,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,300,434 |
| Accounts payable and accrued expenses | $2,124,303 |
| Grants payable | $0 |
| Deferred revenue | $1,242,908 |
| Tax-exempt bond liabilities | $11,157,782 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,563,931 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $951,239 |
| Total liabilities | $41,040,163 |
| Net assets without donor restrictions | $15,614,601 |
| Net assets with donor restrictions | $54,645,670 |
| 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 | $111,300,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mckendree University has recieved totaling $15,392.
| Awarding Organization | Amount |
|---|---|
Bertha M Boettcher Charitable Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,392 |
Endowment Analysis
| Beg. Balance | $32,516,798 |
| Earnings | $8,836,027 |
| Net Contributions | $577,775 |
| Grants | $1,937,186 |
| Ending Balance | $39,993,414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |