Lindenwood College
- Assets
- $442.2m
- Revenue
- $153.8m
- Investments
- $3.0m
- Employees
- 2,828
- Location
- St Charles, MO
- Founding
- 07/1981
- Data as of
- 06/2020
- EIN
- 43-0652649
Lindenwood College Overview
Lindenwood College, operating under the name Lindenwood University, is located in St Charles, MO. The organization was established in 1981. 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, Lindenwood University employed 2,828 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, Lindenwood University generated $153.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $175.9m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OINSTRUCTIONAL AND LIBRARY - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING AN UNDERGRADUATE, GRADUATE, EDUCATION SPECIALISTS AND DOCTORAL DEGREES AND AS OF FISCAL YEAR ENDED 6/30/2020, APPROXIMATELY 7,524 FULL-TIME EQUIVALENT STUDENTS. APPROXIMATELY 11,577 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS, LINDENWOOD HAS A STUDENT ACTIVITIES OFFICE THAT SERVES AS A COORDINATING CENTER ON CAMPUS AND WORKS WITH APPROXIMATELY 91 STUDENT CLUBS AND ORGANIZATIONS TO FACILITATE THEIR ACTIVITIES AND PROJECTS. THE ATHLETIC DEPARTMENT HAS 23 NCAA DIVISION II SPORTS FOR MEN AND WOMEN, 20 NAIA SPORTS FOR MEN AND WOMEN, AND 19 OTHER NATIONALLY AFFILIATED SPORTS. AUXILIARY - STUDENT ROOM AND BOARD AND AS OF FISCAL YEAR 6/30/2020, APPROXIMATELY 3,035 STUDENTS WERE SERVED.IN MARCH 2020, A NOVEL CORONAVIRUS (AND THE RELATED COVID-19 DISEASE IT CAUSES) WAS DECLARED A GLOBAL PANDEMIC AND AS OF THE TIME OF THIS FILING, THE CORONAVIRUS PANDEMIC IS ONGOING. OUR BUSINESS CONTINUITY RELIES ON STUDENTS SEEKING A HIGHER EDUCATION, WHICH HAS BEEN AFFECTED BY THE VIRUS. THE UNIVERSITY UTILIZED NEW VIDEO CONFERENCING TECHNOLOGY IN ORDER TO CONTINUE BUSINESS OPERATIONS LARGELY REMOTELY. APPROXIMATELY 200 INTERACTIVE CAMERAS WERE INSTALLED IN CLASSROOMS SO THAT CLASSES CAN BE DELIVERED VIRTUALLY AND CONTINUE IN A HYBRID ENVIRONMENT IF NECESSARY. MANY OTHER CORONAVIRUS RELATED PROTOCOLS AND MEASURES WERE TAKEN, INCLUDING NEW GPS BIPOLAR IONIZATION TECHNOLOGY ALONG WITH PHYSICAL BARRIERS WERE INSTALLED TO MINIMIZE THE VIRUS' IMPACT ON BUSINESS OPERATIONS. MANAGEMENT CONTINUES TO MONITOR AND RESPOND TO THE SITUATION.
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Lindenwood College Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Shonrock President (thru 06/2019) | 40 | $762,723 | |
Marilyn Abbott Vice President, Academic Affairs | Officer | 40 | $245,082 |
Terry Whittum Senior Vice President | Officer | 40 | $234,423 |
Brad Wachler Vice President, Athletics | Officer | 40 | $226,350 |
Tj Rains Vice President, Information Tech. | Officer | 40 | $224,157 |
Frank Sanfilippo Vice President, Fiscal Affairs | Officer | 40 | $219,304 |
Lindenwood College Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pedestal Foods Food Service | 6/29/20 | $8,789,935 |
Integrated Facility Services Inc Engineer And Contracting | 6/29/20 | $1,893,024 |
Vogel Sheet Metal & Heating Inc Construction Service | 6/29/20 | $2,888,721 |
St Louis Legacy Ice Foundation Dba Cent Hockey Ice Rental | 6/29/20 | $1,591,667 |
Sheet Metal Contractors Construction Service | 6/29/20 | $1,407,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,662,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,862,102 |
| Noncash contributions included in lines 1a–1f | $23,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,524,571 |
| Total Program Service Revenue | $138,666,828 |
| Investment income | $2,094,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,429,239 |
| Net Gain/Loss on Asset Sales | $1,557,061 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,756,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,185,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,826,093 |
| Compensation of current officers, directors, key employees. | $1,150,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,855,488 |
| Pension plan accruals and contributions | $1,616,517 |
| Other employee benefits | $6,765,224 |
| Payroll taxes | $4,476,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $845,667 |
| Fees for services: Accounting | $169,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $470,993 |
| Fees for services: Other | $4,708,303 |
| Advertising and promotion | $880,555 |
| Office expenses | $1,686,338 |
| Information technology | $5,076,515 |
| Royalties | $0 |
| Occupancy | $1,505,404 |
| Travel | $191,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,993,625 |
| Insurance | $1,052,623 |
| All other expenses | $8,958,552 |
| Total functional expenses | $175,883,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,043,292 |
| Savings and temporary cash investments | $10,001,909 |
| Pledges and grants receivable | $948,693 |
| Accounts receivable, net | $3,483,106 |
| Loans from Officers, Directors, or Controlling Persons | $2,000,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,954,906 |
| Net Land, buildings, and equipment | $220,333,343 |
| Investments—publicly traded securities | $181,859,902 |
| Investments—other securities | $2,967,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $643,152 |
| Total assets | $442,236,277 |
| Accounts payable and accrued expenses | $9,346,458 |
| Grants payable | $0 |
| Deferred revenue | $3,984,670 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $937,253 |
| Total liabilities | $14,268,381 |
| Net assets without donor restrictions | $412,161,533 |
| Net assets with donor restrictions | $15,806,363 |
| 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 | $442,236,277 |
Lindenwood College Grants Awarded
Over the last fiscal year, Lindenwood College has awarded $1,645,720 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES POSTAL SERVICE PURPOSE: Property Donation | $1,589,720 |
CITY OF BELLEVILLE PURPOSE: Other Donation | $56,000 |
Lindenwood College Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lindenwood College has recieved totaling $22,809.
| Awarding Organization | Amount |
|---|---|
Missouri Colleges Fund Inc Jefferson City, MO PURPOSE: NEED BASED FINANCIAL AID | $22,809 |
Endowment Analysis
| Beg. Balance | $168,288,870 |
| Earnings | $3,264,321 |
| Admin Expense | $462,279 |
| Net Contributions | $144,057 |
| Other Expense | $5,891,766 |
| Ending Balance | $165,343,203 |
Lindenwood College Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loyola University Of Chicago Chicago, IL | $2,261,152,459 | $863,455,479 |
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Creighton University Omaha, NE | $1,393,218,653 | $563,229,770 |
Illinois Institute Of Technology Chicago, IL | $667,676,047 | $410,466,852 |
Belmont University Nashville, TN | $1,133,197,968 | $378,873,316 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
Drake University Des Moines, IA | $506,477,281 | $222,285,025 |
Lipscomb University Nashville, TN | $475,201,837 | $193,551,646 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Lindenwood College St Charles, MO | $442,236,277 | $153,756,093 |
Maryville University Of St Louis St Louis, MO | $276,968,423 | $159,674,655 |
Roosevelt University Chicago, IL | $451,950,632 | $144,317,728 |
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