Bradley University
- Assets
- $712.9m
- Revenue
- $238.6m
- Investments
- $86.5m
- Employees
- 3,300
- Location
- Peoria, IL
- Founding
- 08/1951
- Data as of
- 05/2020
- EIN
- 37-0661494
Organization Overview
Bradley University is located in Peoria, IL. The organization was established in 1951. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2020, Bradley University employed 3,300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 05/2020, Bradley University generated $238.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $232.9m during the year ending 05/2020. While expenses have increased by 4.4% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND RESEARCH - PROVIDING HIGHER EDUCATION TO STUDENTS.
AUXILIARY SERVICES - PROVIDES SUPPORT SERVICES FOR STUDENTS WHICH INCLUDES HOUSING, BOOKSTORE, AND CONFERENCE FACILITIES.
FOOD SERVICES - PROVIDES BOARD (CAFETERIA SERVICES) FOR STUDENTS LIVING ON CAMPUS AND OFF CAMPUS. ALSO INCLUDES FOOD PURCHASED BY EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Wardle Head Men's Basketball Coach | 50 | $808,744 | |
Gary Roberts President | Officer | 60 | $526,058 |
Ralph Christopher Reynolds VP Athletics | Officer | 50 | $297,405 |
Walter Zakahi Provost And Sr. VP Academic Affairs | Officer | 50 | $256,296 |
Lex Akers Dean, College Of Engineering | 50 | $235,125 | |
William Mcdowell Exec/academic Director Turner School Of Enterprene | 50 | $230,541 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp Audit Services | 5/30/20 | $138,360 |
Bb Flooring Llc Construction | 5/30/20 | $205,044 |
Brandes Investment Partners Lp Investment Services | 5/30/20 | $122,539 |
Miller Hall & Triggs Legal Services | 5/30/20 | $388,238 |
Nepc Llc Investment Services | 5/30/20 | $332,849 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $322,257 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,213,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,667,310 |
| Noncash contributions included in lines 1a–1f | $1,713,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,203,423 |
| Total Program Service Revenue | $201,711,576 |
| Investment income | $13,654,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,183 |
| Net Gain/Loss on Asset Sales | $871,355 |
| Net Income from Fundraising Events | $168,857 |
| Net Income from Gaming Activities | $47,410 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,646,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,062,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,991,326 |
| Compensation of current officers, directors, key employees. | $1,180,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,000,436 |
| Pension plan accruals and contributions | $3,301,654 |
| Other employee benefits | $22,126,185 |
| Payroll taxes | $5,029,220 |
| Fees for services: Management | $1,349,633 |
| Fees for services: Legal | $457,779 |
| Fees for services: Accounting | $96,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,096,196 |
| Fees for services: Other | $58,664 |
| Advertising and promotion | $327,979 |
| Office expenses | $8,662,305 |
| Information technology | $4,618,868 |
| Royalties | $0 |
| Occupancy | $13,588,029 |
| Travel | $2,641,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $235,365 |
| Interest | $4,475,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,271,586 |
| Insurance | $1,373,974 |
| All other expenses | $0 |
| Total functional expenses | $232,879,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,330,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,422,229 |
| Accounts receivable, net | $3,260,022 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,331 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $636,506 |
| Net Land, buildings, and equipment | $362,462,494 |
| Investments—publicly traded securities | $199,640,954 |
| Investments—other securities | $86,489,994 |
| Investments—program-related | $4,167,096 |
| Intangible assets | $0 |
| Other assets | $2,514,356 |
| Total assets | $712,945,458 |
| Accounts payable and accrued expenses | $28,467,353 |
| Grants payable | $0 |
| Deferred revenue | $3,897,521 |
| Tax-exempt bond liabilities | $153,665,313 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,771,369 |
| Unsecured mortgages and notes payable | $5,049,853 |
| Other liabilities | $62,536,104 |
| Total liabilities | $261,387,513 |
| Net assets without donor restrictions | $322,750,454 |
| Net assets with donor restrictions | $128,807,491 |
| 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 | $712,945,458 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Bradley University has recieved totaling $107,822.
| Awarding Organization | Amount |
|---|---|
Norman B Williams Educational Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $39,680 |
Bielfeldt Foundation Peoria Heights, IL PURPOSE: CHARITABLE | $27,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,259 |
Pittsfield High School Class Of 1954 Scholarship Fund Inc Pittsfield, IL PURPOSE: EDUCATION | $10,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,833 |
Marquette Bank Foundation Chicago, IL PURPOSE: SCHOLARSHIPS | $2,500 |
Endowment Analysis
| Beg. Balance | $308,398,725 |
| Earnings | $4,998,917 |
| Admin Expense | $1,105,321 |
| Net Contributions | $11,416,273 |
| Other Expense | $5,772,939 |
| Grants | $5,058,010 |
| Ending Balance | $312,877,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loyola University Of Chicago Chicago, IL | $2,261,152,459 | $863,455,479 |
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $667,676,047 | $410,466,852 |
Butler University Indianapolis, IN | $771,058,130 | $304,986,997 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
Drake University Des Moines, IA | $506,477,281 | $222,285,025 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $265,228,375 | $187,846,389 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Lindenwood College St Charles, MO | $442,236,277 | $153,756,093 |
Maryville University Of St Louis St Louis, MO | $276,968,423 | $159,674,655 |