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 06/2022, Drake University employed 2,852 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drake 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, Drake University generated $253.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $238.0m during the year ending 06/2022. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

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:

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc And Affiliates
Food Service
$7,939,797
Des Moines Independent Community School
Head Start Program
$2,907,191
Cdw Llc
Technology Supplies
$876,619
Wiley Edu Llc
Online Strategic Consulting & Support
$1,323,645
Waldinger Corporation
Construction Services
$950,902
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$621,135
Related organizations$0
Government grants $20,014,201
All other contributions, gifts, grants, and similar amounts not included above$28,131,128
Noncash contributions included in lines 1a–1f $3,689,102
Total Revenue from Contributions, Gifts, Grants & Similar$48,766,464
Total Program Service Revenue$190,438,490
Investment income $3,974,174
Tax Exempt Bond Proceeds $0
Royalties $686,054
Net Rental Income -$140,514
Net Gain/Loss on Asset Sales $6,006,741
Net Income from Fundraising Events -$49,469
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $252,974,293

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Drake University has recieved totaling $11,000.

Awarding OrganizationAmount
Mary K And Daniel M Kelly Foundation

Des Moines, IA

PURPOSE: GENERAL OPERATIONS

$7,000
$4,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$279,782,244
Earnings-$27,374,223
Admin Expense$949,081
Net Contributions$6,134,781
Other Expense$6,858,186
Grants$5,315,400
Ending Balance$245,420,135

Peer Organizations

Organization NameAssets
Depaul University
Chicago, IL
$903,291,560
Loyola University Of Chicago
Chicago, IL
$813,555,821
Marquette University
Milwaukee, WI
$679,500,550
Creighton University
Omaha, NE
$655,089,786
University Of St Thomas
St Paul, MN
$470,760,335
Illinois Institute Of Technology
Chicago, IL
$396,565,185
Drake University
Des Moines, IA
$252,974,293
Bradley University
Peoria, IL
$238,646,085
Webster University
St Louis, MO
$161,315,329
Maryville University Of St Louis
St Louis, MO
$183,271,161
Roosevelt University
Chicago, IL
$160,424,797
Lindenwood College
St Charles, MO
$128,444,522

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