Lindenwood Education System
- Assets
- $462.4m
- Revenue
- $128.4m
- Investments
- $3.7m
- Employees
- 1,880
- Location
- St Charles, MO
- Founding
- 07/1981
- Data as of
- 06/2021
- EIN
- 43-0652649
Organization Overview
Lindenwood Education System, 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 06/2022, Lindenwood University employed 1,880 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lindenwood 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, Lindenwood University generated $128.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $151.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 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
2021
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 6/30/2022, APPROXIMATELY 5,871 FULL-TIME EQUIVALENT STUDENTS. APPROXIMATELY 9,801 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 63 STUDENT CLUBS AND ORGANIZATIONS TO FACILITATE THEIR ACTIVITIES AND PROJECTS. THE ATHLETIC DEPARTMENT HAS 30 NCAA DIVISION II SPORTS FOR MEN AND WOMEN AND 19 OTHER NATIONALLY AFFILIATED SPORTS. AUXILIARY - STUDENT ROOM AND BOARD AND AS OF FISCAL YEAR 6/30/2022, APPROXIMATELY 2,321 STUDENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Tuttle Chairman | Trustee | 1 | $0 |
Chip Peterson Vice Chairman | Trustee | 1 | $0 |
Doug Mueller Treasurer | Trustee | 1 | $0 |
Jo Anna Pollock Committee Chair | Trustee | 1 | $0 |
Ben Blanton Board Member | Trustee | 1 | $0 |
Kevin Bray Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiley Edu Llc Recruitment Services | 6/29/22 | $3,233,486 |
Wff Facility Services Inc Custodial Services | 6/29/22 | $1,366,870 |
St Louis Tile Llc Real Estate | 6/29/22 | $1,207,139 |
Cdw Goverments It Supplies | 6/29/22 | $1,215,633 |
Pedestal Foods Food Service | 6/29/22 | $6,733,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,444,109 |
| Investment income | $2,008,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,325,007 |
| Net Gain/Loss on Asset Sales | $2,065,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,444,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,830,790 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,222,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,412,184 |
| Pension plan accruals and contributions | $1,409,743 |
| Other employee benefits | $5,683,493 |
| Payroll taxes | $3,634,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $408,774 |
| Fees for services: Accounting | $199,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $534,046 |
| Fees for services: Other | $8,535,668 |
| Advertising and promotion | $930,372 |
| Office expenses | $1,427,685 |
| Information technology | $4,450,596 |
| Royalties | $0 |
| Occupancy | $1,395,680 |
| Travel | $67,133 |
| 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 | $11,662,735 |
| Insurance | $1,148,846 |
| All other expenses | $0 |
| Total functional expenses | $151,147,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,980,080 |
| Savings and temporary cash investments | $506,160 |
| Pledges and grants receivable | $782,544 |
| Accounts receivable, net | $3,666,273 |
| 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 | $3,882,693 |
| Investments—publicly traded securities | $220,901,483 |
| Investments—other securities | $3,697,877 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $680,804 |
| Total assets | $462,352,916 |
| Accounts payable and accrued expenses | $9,542,219 |
| Grants payable | $0 |
| Deferred revenue | $5,236,098 |
| 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 | $238,586 |
| Total liabilities | $15,016,903 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $447,336,013 |
Grants Awarded
Over the last fiscal year, Lindenwood Education System has awarded $1,645,720 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BELLEVILLE PURPOSE: Other Donation | $56,000 |
UNITED STATES POSTAL SERVICE PURPOSE: Property Donation | $1,589,720 |