Drake University

Organization Overview

Drake University is located in Des Moines, IA. The organization was established in 1950. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Drake University employed 3,333 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Drake University generated $222.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $221.0m during the year ending 06/2020. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DRAKE UNIVERSITY IS A NATIONAL COEDUCATIONAL, INDEPENDENT AND PRIVATE UNIVERSITY WITH APPROXIMATELY 5,000 STUDENTS. DRAKE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF SCHOOLS AND COLLEGES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc And Affiliates
Food Service
$6,219,532
The Weitz Company Llc
Construction Projects
$4,014,596
Des Moines Independent Community School
Head Start Program
$2,005,446
Story Construction
Construction Projects
$838,595
Bergstrom Construction
Construction Projects
$773,087
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$265,664
Related organizations$0
Government grants $13,248,116
All other contributions, gifts, grants, and similar amounts not included above$21,802,182
Noncash contributions included in lines 1a–1f $1,046,123
Total Revenue from Contributions, Gifts, Grants & Similar$35,315,962
Total Program Service Revenue$179,100,000
Investment income $2,201,057
Tax Exempt Bond Proceeds $0
Royalties $657,936
Net Rental Income $382,180
Net Gain/Loss on Asset Sales $982,176
Net Income from Fundraising Events $52,356
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $222,285,025

Grants Recieved

Over the last fiscal year, we have identified 42 grants that Drake University has recieved totaling $896,428.

Awarding OrganizationAmount
Paul Beer Trust Under Will

Las Vegas, NV

PURPOSE: GENERAL SUPPORT GRANT

$357,533
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$105,561
Richard Morton & Ruth Bailey Root Charitable Tr Fd

Urbandale, IA

PURPOSE: PROMOTE EDUCATION

$72,000
Ernst Family Foundation

Dallas, TX

PURPOSE: SUPPORT FOR CAPITAL IMPROVEMENTS

$70,000
Iowa College Foundation

Des Moines, IA

PURPOSE: PROVIDE SCHOLARSHIPS

$57,895
Emc Insurance Foundation

Des Moines, IA

PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$226,154,907
Earnings$1,930,445
Admin Expense$730,295
Net Contributions$3,343,141
Other Expense$6,256,630
Grants$4,641,400
Ending Balance$219,800,168

Peer Organizations

Organization NameAssets
Loyola University Of Chicago
Chicago, IL
$863,455,479
Depaul University
Chicago, IL
$903,291,560
Marquette University
Milwaukee, WI
$679,500,550
Creighton University
Omaha, NE
$563,229,770
University Of St Thomas
St Paul, MN
$450,761,247
Illinois Institute Of Technology
Chicago, IL
$410,466,852
Bradley University
Peoria, IL
$238,646,085
Drake University
Des Moines, IA
$222,285,025
Webster University
St Louis, MO
$161,315,329
Lindenwood College
St Charles, MO
$153,756,093
Maryville University Of St Louis
St Louis, MO
$159,674,655
Roosevelt University
Chicago, IL
$144,317,728

Create an account to unlock the data you need.

or