Madonna University
- Assets
- $137.8m
- Revenue
- $64.2m
- Investments
- $2.0m
- Employees
- 879
- Location
- Livonia, MI
- Founding
- 05/1992
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Madonna University generated $64.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $63.1m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
2021
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 INSTRUCTION INSTRUCTIONS: 2,040 STUDENTS IN UNDERGRADUATE CLASS 404 STUDENTS IN GRADUATE CLASS IN 2020-2021, 2 DOCTORAL DEGREES, 215 MASTER DEGREES, 671 BACHELOR DEGREES, 11 ASSOCIATES DEGREES AND 181 CERTIFICATES WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Grandillo President | OfficerTrustee | 40 | $374,635 |
Kinjal Talati Professor | 40 | $151,185 | |
James M O'neill VP Academic | Officer | 40 | $143,386 |
Deborah Dunn Dean | 40 | $138,715 | |
Judith Mckenna Dean | 40 | $134,694 | |
Connie Tingson Gatuz VP Student L | Officer | 40 | $119,853 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexho Food Service | 6/29/21 | $1,090,793 |
Js Vig Construction Company Mr Joseph Vig Construction | 6/29/21 | $6,608,323 |
Dynamic Campus Solutions Inc Mr Michael Glubke Contractor | 6/29/21 | $2,725,000 |
Contracting Resources Inc Construction | 6/29/21 | $1,339,266 |
Orbis Education Services Llc Mr Craig Chief Financial Officer Educational Ser | 6/29/21 | $4,507,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $143,500 |
| Government grants | $4,880,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,074,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,098,058 |
| Total Program Service Revenue | $56,924,507 |
| Investment income | $392,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $740,367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,155,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,391,746 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $949,224 |
| Compensation of current officers, directors, key employees. | $101,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,709,201 |
| Pension plan accruals and contributions | $30,160 |
| Other employee benefits | $3,085,852 |
| Payroll taxes | $1,359,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,554 |
| Fees for services: Accounting | $152,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,147 |
| Advertising and promotion | $320,041 |
| Office expenses | $2,358,771 |
| Information technology | $3,710,403 |
| Royalties | $0 |
| Occupancy | $881,360 |
| Travel | $296,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,776,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,187,187 |
| Insurance | $214,709 |
| All other expenses | $0 |
| Total functional expenses | $63,070,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,200 |
| Savings and temporary cash investments | $6,002,948 |
| Pledges and grants receivable | $2,507,409 |
| Accounts receivable, net | $1,839,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,422 |
| Prepaid expenses and deferred charges | $255,894 |
| Net Land, buildings, and equipment | $74,251,366 |
| Investments—publicly traded securities | $50,160,278 |
| Investments—other securities | $2,049,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,859 |
| Total assets | $137,754,310 |
| Accounts payable and accrued expenses | $4,468,062 |
| Grants payable | $0 |
| Deferred revenue | $5,050,137 |
| Tax-exempt bond liabilities | $18,077,328 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,161,091 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,553,177 |
| Total liabilities | $52,309,795 |
| Net assets without donor restrictions | $64,455,686 |
| Net assets with donor restrictions | $20,988,829 |
| 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 | $137,754,310 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madonna University has recieved totaling $36,200.
| Awarding Organization | Amount |
|---|---|
Briggs Fisher Foundaton Grosse Pointe Farms, MI PURPOSE: EDUCATION | $30,000 |
Doris J Duchene And Donald L Duchene Sr Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Jean M R Smith Foundation Bad Axe, MI PURPOSE: GRANT FOR GENERAL OPERATIONS | $1,200 |
Endowment Analysis
| Beg. Balance | $41,957,373 |
| Earnings | $11,822,179 |
| Admin Expense | $172,993 |
| Net Contributions | $227,251 |
| Other Expense | $1,153,493 |
| Grants | $403,391 |
| Ending Balance | $52,276,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |
Otterbein University Westerville, OH | $236,973,881 | $106,500,900 |
University Of Evansville Evansville, IN | $383,851,853 | $114,850,213 |
Indiana Institute Of Technology Inc Fort Wayne, IN | $325,851,841 | $108,107,562 |
Andrews Academy Berrien Springs, MI | $217,758,414 | $91,457,423 |
Lawrence Technological University Southfield, MI | $206,424,495 | $77,203,633 |
Walsh University North Canton, OH | $125,540,692 | $81,110,683 |
Northwood University Midland, MI | $206,640,197 | $67,719,695 |
Franklin University Columbus, OH | $146,345,145 | $78,032,450 |
Tiffin University Tiffin, OH | $103,114,679 | $75,037,751 |