Marian University Inc
- Assets
- $61.8m
- Revenue
- $55.4m
- Investments
- $0.0
- Employees
- 696
- Location
- Fond Du Lac, WI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 39-1024723
Organization Overview
Marian University Inc is located in Fond Du Lac, WI. The organization was established in 1946. 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, Marian University Inc employed 696 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Marian University Inc 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, Marian University Inc generated $55.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $42.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARIAN UNIVERSITY IS A CATHOLIC LIBERAL ARTS INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION PROGRAMS WITH APPROXIMATELY 2,000 STUDENTS ANNUALLY.
Describe the Organization's Program Activity:
MARIAN UNIVERSITY IS A CATHOLIC LIBERAL ARTS INSTITUTION PROVIDING A COMBINATION OF EXCELLENT PROFESSIONAL TRAINING WITH A QUALITY LIBERAL ARTS EDUCATION AND SERIOUS COMMITMENT TO THE CONTINUING EDUCATION OF ADULTS ON BOTH THE PROFESSIONAL AND PERSONAL LEVELS. ANNUALLY IT SERVES APPROXIMATELY 2,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Mayer Former VP - Academic Through 6/30/20 | 40 | $160,343 | |
Michelle Majewski President | Officer | 40 | $141,953 |
David Wong Vice President - Business | Officer | 40 | $139,032 |
William Mangan Vice President For Advance | Officer | 40 | $128,507 |
Kathleen Candee Vice President - Enrollmen | Officer | 40 | $114,410 |
Paul Eggers VP Of Enrollment Mgmt | Officer | 40 | $106,345 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Maintenance Services | 6/29/21 | $387,509 |
Summit Funding Group Inc Financial Services | 6/29/21 | $508,267 |
Sodexo Inc & Affiliates Food Service | 6/29/21 | $1,498,207 |
Printing Express Inc Printing Services | 6/29/21 | $304,809 |
Sextant Marketing Marketing Services | 6/29/21 | $637,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,975 |
| Related organizations | $0 |
| Government grants | $3,881,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,757,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,670,685 |
| Total Program Service Revenue | $38,875,601 |
| Investment income | $357,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $529,764 |
| Net Gain/Loss on Asset Sales | $647,383 |
| Net Income from Fundraising Events | $17,932 |
| Net Income from Gaming Activities | $3,918 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,352,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,344,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $711,611 |
| Compensation of current officers, directors, key employees. | $99,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,145,634 |
| Pension plan accruals and contributions | $40,254 |
| Other employee benefits | $1,196,021 |
| Payroll taxes | $896,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,225 |
| Fees for services: Accounting | $55,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,893 |
| Fees for services: Other | $1,916,726 |
| Advertising and promotion | $718,137 |
| Office expenses | $1,034,235 |
| Information technology | $447,834 |
| Royalties | $0 |
| Occupancy | $1,486,389 |
| Travel | $254,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,942 |
| Interest | $204,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,314,438 |
| Insurance | $222,938 |
| All other expenses | $496,153 |
| Total functional expenses | $42,623,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,850 |
| Savings and temporary cash investments | $4,884,259 |
| Pledges and grants receivable | $1,599,108 |
| Accounts receivable, net | $3,329,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $573,622 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,387 |
| Net Land, buildings, and equipment | $36,167,834 |
| Investments—publicly traded securities | $14,966,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,521 |
| Total assets | $61,790,484 |
| Accounts payable and accrued expenses | $1,631,361 |
| Grants payable | $0 |
| Deferred revenue | $2,986,100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,585,249 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,233,484 |
| Total liabilities | $10,436,194 |
| Net assets without donor restrictions | $37,345,985 |
| Net assets with donor restrictions | $14,008,305 |
| 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 | $61,790,484 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Marian University Inc has recieved totaling $127,867.
| Awarding Organization | Amount |
|---|---|
Agnesian Healthcare Inc Fond du Lac, WI PURPOSE: General support | $52,500 |
Ted And Grace Bachhuber Foundation Inc Mayville, WI PURPOSE: PROVIDE SCHOLARSHIPS | $15,000 |
Korb Family Foundation Inc Fond Du Lac, WI PURPOSE: CHARITABLE EDUCATION | $13,319 |
Mike Shannon Automotive Foundation Inc Fond Du Lac, WI PURPOSE: SUPPORT TO ASSIST WITH PURCHASE OF NEW SNOWPLOW TRUCK AND DEBT PAYDOWN. | $12,000 |
Fond Du Lac Area Foundation Fond Du Lac, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Kirsch Scholarship Fund Milwaukee, WI PURPOSE: SCHOLARSHIP | $7,073 |
Endowment Analysis
| Beg. Balance | $7,476,825 |
| Earnings | $2,574,275 |
| Net Contributions | $52,503 |
| Grants | $350,000 |
| Ending Balance | $9,753,603 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |