Madonna University
- Assets
- $129.0m
- Revenue
- $60.8m
- Investments
- $3.5m
- Employees
- 879
- Location
- Livonia, MI
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 38-1498763
Organization Overview
Madonna University is located in Livonia, MI. The organization was established in 1992. 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, Madonna University employed 879 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madonna 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, Madonna University generated $60.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $64.7m during the year ending 06/2022. While expenses have increased by 2.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MADONNA UNIVERSITY, A CATHOLIC AND FRANCISCAN INSTITUTION OF HIGHER LEARNING, IS TO INSTILL IN ITS STUDENTS CHRISTIAN HUMANISTIC VALUES, INTELLECTUAL INQUIRY, A RESPECT FOR DIVERSITY, AND A COMMITMENT TO SERVING OTHERS THROUGH A LIBERAL ARTS EDUCATION, INTEGRATED WITH CAREER PREPARATION, AND BASED ON THE TRUTHS AND PRINCIPLES RECOGNIZED WITHIN THE CATHOLIC TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HIGHER LEARNING INSTRUCTIONINSTRUCTIONS: 1,780 STUDENTS IN UNDERGRADUATE CLASS. 343 STUDENTS IN GRADUATE CLASS. IN 2021-2022, 14 DOCTORAL DEGREES, 176 MASTER DEGREES, 586 BACHELOR DEGREES, 10 ASSOCIATES DEGREES AND 180 CERTIFICATES WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Boyd Chair | OfficerTrustee | 1 | $0 |
Michael Obloy Vice Chair | OfficerTrustee | 1 | $0 |
Francis X Berkemeier Trustee | Trustee | 1 | $0 |
Stella Evangelista Trustee | Trustee | 1 | $0 |
Bishop Donald F Hanchon Trustee | Trustee | 1 | $0 |
Stenven Harte Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orbis Education Services Llc Education Services | 6/29/22 | $5,416,605 |
Dynamic Campus Solutions Inc Contractor | 6/29/22 | $2,360,500 |
Sodexo Food Service | 6/29/22 | $1,570,011 |
Slingshot Lp Contractor | 6/29/22 | $1,150,613 |
Siemens Industry Inc Contractor | 6/29/22 | $513,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,000 |
| Government grants | $4,865,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,338,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,234,075 |
| Total Program Service Revenue | $53,102,682 |
| Investment income | $462,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,810,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,238,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $979,405 |
| Compensation of current officers, directors, key employees. | $268,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,502,332 |
| Pension plan accruals and contributions | $23,229 |
| Other employee benefits | $3,611,360 |
| Payroll taxes | $1,375,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,781 |
| Fees for services: Accounting | $109,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,001 |
| Advertising and promotion | $294,070 |
| Office expenses | $1,897,405 |
| Information technology | $3,672,298 |
| Royalties | $0 |
| Occupancy | $801,852 |
| Travel | $596,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,752,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,546,978 |
| Insurance | $485,963 |
| All other expenses | $0 |
| Total functional expenses | $64,703,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,072 |
| Savings and temporary cash investments | $3,249,697 |
| Pledges and grants receivable | $363,665 |
| Accounts receivable, net | $1,696,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,223 |
| Prepaid expenses and deferred charges | $289,529 |
| Net Land, buildings, and equipment | $78,533,284 |
| Investments—publicly traded securities | $40,923,931 |
| Investments—other securities | $3,519,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,401 |
| Total assets | $129,005,602 |
| Accounts payable and accrued expenses | $3,486,192 |
| Grants payable | $0 |
| Deferred revenue | $4,367,023 |
| Tax-exempt bond liabilities | $17,312,495 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,716,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,626,157 |
| Total liabilities | $51,508,424 |
| Net assets without donor restrictions | $59,016,652 |
| Net assets with donor restrictions | $18,480,526 |
| 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 | $129,005,602 |