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Nonprofiteer
← MARQUETTE UNIVERSITY

Form 990 for tax year 2024

Filed by MARQUETTE UNIVERSITY.

Totals

Total revenue
$839,982,173
Total expenses
$747,117,999
Contributions and grants received
$113,108,251
Grants paid
$249,057,808
Program service revenue
$619,652,027
Investment income
$56,548,012
Other revenue
$50,673,883
Total assets, end of year
$2,201,934,520
Total liabilities, end of year
$467,389,520
Net assets or fund balances, end of year
$1,734,545,000
Program services expenses (Part IX)
$685,410,691
Management and general expenses
$46,860,576
Fundraising expenses
$14,846,732
Program service expenses (Part III)
$685,410,691

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $75,739

  • 1e · Government grants (contributions)

    $14,644,979

  • 1f · All other contributions, gifts and grants

    $98,387,533

  • 1g · Noncash contributions included above

    $32,639,735

  • 2a · Program service revenue: Tuition and fees

    total $513,927,252 · related or exempt $513,927,252

  • 2b · Program service revenue: Sales by educational departments

    total $9,955,099 · related or exempt $9,955,099

  • 2c · Program service revenue: Auxiliary enterprises

    total $67,875,845 · related or exempt $67,549,601 · unrelated business $326,244

  • 2d · Program service revenue: Fees/contract with governmental agencies

    total $27,893,831 · related or exempt $27,893,831

  • 3 · Investment income

    total $10,314,622 · unrelated business -$255,556 · excluded $10,570,178

  • 5 · Royalties

    total $37,161 · excluded $37,161

  • 6a · Gross rents

    real property $1,081,531

  • 6b · Less rental expenses

    real property $336,128

  • 6c · Rental income or loss

    real property $745,403

  • 6d · Net rental income or loss

    total $745,403 · excluded $745,403

  • 7a · Gross sales of assets other than inventory

    other assets $287,140,390

  • 7b · Less cost or other basis and sales expenses

    other assets $240,907,000

  • 7c · Gain or loss

    other assets $46,233,390

  • 7d · Net gain or loss

    total $46,233,390 · excluded $46,233,390

  • 8a · Fundraising events: gross income

    $98,817

  • 8a · Fundraising events: contributions included on line 1c

    $75,739

  • 8b · Fundraising events: direct expenses

    $98,817

  • 10a · Gross sales of inventory

    $3,652,468

  • 10b · Cost of goods sold

    $1,770,209

  • 10c · Net income from sales of inventory

    total $1,882,259 · excluded $1,882,259

  • 11a · Other revenue: Student Services

    total $22,638,586 · related or exempt $22,638,586

  • 11b · Other revenue: Restricted Funded Depreciation

    total $9,301,302 · related or exempt $9,301,302

  • 11c · Other revenue: Educational Programs

    total $4,267,135 · related or exempt $4,267,135

  • 11d · All other revenue

    total $11,802,037 · related or exempt $5,781,287 · unrelated business $6,020,750

  • 11e · Other revenue, total

    $48,009,060

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,246,388 · program services $5,246,388

  • 2 · Grants to domestic individuals

    total $242,159,781 · program services $242,159,781

  • 3 · Grants to foreign organizations and individuals

    total $1,651,639 · program services $1,651,639

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,994,536 · program services $283,537 · management and general $3,066,016 · fundraising $644,983

  • 6 · Compensation of disqualified persons

    total $3,617,448 · management and general $3,617,448

  • 7 · Other salaries and wages

    total $218,142,643 · program services $191,348,504 · management and general $17,593,858 · fundraising $9,200,281

  • 8 · Pension plan contributions

    total $12,173,255 · program services $9,830,070 · management and general $1,681,394 · fundraising $661,791

  • 9 · Other employee benefits

    total $35,912,549 · program services $30,057,081 · management and general $4,524,980 · fundraising $1,330,488

  • 10 · Payroll taxes

    total $14,404,659 · program services $11,905,992 · management and general $1,802,799 · fundraising $695,868

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $963,894 · program services $576,684 · management and general $387,210

  • 11c · Fees: accounting

    total $594,901 · management and general $594,901

  • 11d · Fees: lobbying

    total $80,000 · management and general $80,000

  • 11e · Fees: professional fundraising services

    total $29,700 · fundraising $29,700

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $18,650,269 · program services $16,418,825 · management and general $2,000,895 · fundraising $230,549

  • 12 · Advertising and promotion

    total $2,456,531 · program services $1,958,694 · management and general $294,612 · fundraising $203,225

  • 13 · Office expenses

    total $59,243,116 · program services $57,930,587 · management and general $785,946 · fundraising $526,583

  • 14 · Information technology

    total $10,529,712 · program services $7,510,382 · management and general $3,012,129 · fundraising $7,201

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $21,695,578 · program services $20,729,103 · management and general $884,863 · fundraising $81,612

  • 17 · Travel

    total $18,101,092 · program services $16,583,025 · management and general $730,688 · fundraising $787,379

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,286,224 · program services $1,205,112 · management and general $76,118 · fundraising $4,994

  • 20 · Interest

    total $8,315,609 · program services $7,315,109 · management and general $1,000,500

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $42,084,594 · program services $38,181,895 · management and general $3,902,699

  • 23 · Insurance

    total $5,767,044 · program services $5,767,044

  • 24a · Other expenses: Equipment and Maintenance

    total $18,362,183 · program services $17,700,807 · management and general $590,959 · fundraising $70,417

  • 24b · Other expenses: Printing and Publications

    total $842,971 · program services $682,502 · management and general $16,715 · fundraising $143,754

  • 24c · Other expenses: Postage and Shipping

    total $655,953 · program services $367,930 · management and general $60,116 · fundraising $227,907

  • 24d · Other expenses: UBTI

    total $155,730 · management and general $155,730

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,546,423 · end of year $121,634,876

  • 3 · Pledges and grants receivable

    beginning of year $65,929,494 · end of year $60,187,915

  • 4 · Accounts receivable

    beginning of year $27,274,559 · end of year $31,650,028

  • 7 · Other notes and loans receivable

    beginning of year $19,739,865 · end of year $18,077,634

  • 8 · Inventories for sale or use

    beginning of year $508,645 · end of year $567,732

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,125,133 · end of year $5,308,618

  • 10a · Land, buildings and equipment: cost or other basis

    $1,497,297,135

  • 10b · Land, buildings and equipment: accumulated depreciation

    $721,172,055

  • 10c · Land, buildings and equipment, net

    beginning of year $736,902,038 · end of year $776,125,080

  • 11 · Investments: publicly traded securities

    beginning of year $469,844,008 · end of year $559,722,221

  • 12 · Investments: other securities

    beginning of year $587,787,174 · end of year $620,827,630

  • 15 · Other assets

    beginning of year $8,616,531 · end of year $7,832,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,251,942 · end of year $85,532,488

  • 19 · Deferred revenue

    beginning of year $38,413,440 · end of year $39,259,564

  • 20 · Tax-exempt bond liabilities

    beginning of year $174,570,784 · end of year $162,493,078

  • 24 · Unsecured notes and loans payable

    beginning of year $161,362,330 · end of year $157,593,188

  • 25 · Other liabilities

    beginning of year $28,876,855 · end of year $22,511,202

  • 27 · Net assets without donor restrictions

    beginning of year $478,169,300 · end of year $524,297,000

  • 28 · Net assets with donor restrictions

    beginning of year $1,087,629,219 · end of year $1,210,248,000

Mission and programs · 2024

Mission

As a Catholic, Jesuit university our mission is to search for truth, discover shareknowledge, foster personal professional excellence, promote a life of faith and developleadership expressed in service to others. See Schedule O.

Activities or mission (Part I)

As a Catholic, Jesuit university our mission is to search for truth, discover share knowledge, foster personal professional excellence, promote a life of faith and develop leadership expressed in service to others.

  • Instruction Consistently ranked among the top 100 colleges and universities nationwide, Marquette annually enrolls more than 11,700 students in undergraduate, graduate and professional programs and confers approximately 2,800 degrees annually. Marquette offers 80 undergraduate majors and 93 minors to students in the College of Arts and Sciences, Business Administration, Communication, Education, Engineering, Health Sciences and Nursing. Marquette has 79 doctoral and masters degree programs, and 19 graduate certificate programs, and a School of Dentistry and Law School. TheGraduate School of Management has nationally ranked MBA programs as well as specialty masters programs in several business areas. Marquette has Wisconsins only School of Dentistry and one of only two law schools in the state.

    Expenses $416,067,980 · Grants $243,811,420 · Revenue $523,882,351

  • Student Services We know that learning occurs outside, as well as inside, the classroom. Our core values of excellence, faith, leadership and service are fostered through student participation in our residence hall communities and campus organizations, which include academic and professional groups, club and recreational sports, spiritual activities and community service organizations. Marquettes urban location, just blocks from downtown Milwaukee, gives students ample opportunities for internships, co-op experiences and part-time employment. On campus, professionals in the Office of Student Affairs, Student Health Service, Counseling Center and Campus Ministry, as well as faculty and other staff, help students as they navigate the challenges of young adult life. Marquette also has an Educational Opportunity Program, which provides academic opportunity and support to first-generation college students, students from under-represented groups or ethnicities and students from low-income families.

    Expenses $91,613,101 · Revenue $50,673,883

  • Academic Support and Library All Marquette undergraduates receive a strong liberal arts foundation through the universitys Core of Common Studies, which includes courses in nine core knowledge areas. Curriculum development is an ongoing process, with faculty support available through the Center for Teaching and Learning and various departmental resources. Programs for faculty development include curriculum enhancement and diversity grants, teaching enhancement awards, fellowship awards for research, young scholar awards and summer faculty fellowships. The Preparing Future Faculty Program encourages the development of graduate students for the multiple roles they will face as faculty members.

    Expenses $56,640,009 · Revenue $138,869,737

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Shaka Smart

    Mens Basketball Head Coach

    Total calculated
    $4,547,338
    From this org
    $4,547,338
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $4,322,838
    Bonus
    $218,500
    Other
    $6,000
    Deferred
    $27,600
    Nontaxable benefits
    $103,022
    Filer's total
    $4,677,960
  • Dr Michael R Lovell

    Former President

    Total calculated
    $3,617,448
    From this org
    $3,617,448
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $322,583
    Bonus
    not reported
    Other
    $3,294,865
    Deferred
    $26,250
    Nontaxable benefits
    $11,864
    Filer's total
    $3,655,562
  • Dr James K Ah Yun

    President / Acting President

    Total calculated
    $869,890
    From this org
    $869,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $571,965
    Bonus
    $96,900
    Other
    $201,025
    Deferred
    $371,956
    Nontaxable benefits
    $77,435
    Filer's total
    $1,319,281
  • Ms Cara Consuegra

    Womens Basketball Head Coach

    Total calculated
    $727,510
    From this org
    $727,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,001
    Bonus
    $4,000
    Other
    $443,508
    Deferred
    $21,333
    Nontaxable benefits
    $21,002
    Filer's total
    $769,844
  • Mr Joel S Pogodzinski

    Treasurer

    Total calculated
    $718,292
    From this org
    $718,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,407
    Bonus
    $96,900
    Other
    $144,985
    Deferred
    $152,600
    Nontaxable benefits
    $71,345
    Filer's total
    $942,237
  • Mr Timothy McMahon

    VP for University Advancement

    Total calculated
    $644,983
    From this org
    $644,983
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,845
    Bonus
    $100,000
    Other
    $119,138
    Deferred
    $77,600
    Nontaxable benefits
    $46,437
    Filer's total
    $769,020
  • Mr William G Scholl

    VP Director Athletics

    Total calculated
    $530,163
    From this org
    $530,163
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,163
    Bonus
    $73,000
    Other
    $9,000
    Deferred
    $27,600
    Nontaxable benefits
    $36,687
    Filer's total
    $594,450
  • Mr DeAndre Haynes

    Mens Basketball Assistant Coach

    Total calculated
    $468,560
    From this org
    $468,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $440,860
    Bonus
    $23,500
    Other
    $4,200
    Deferred
    $27,600
    Nontaxable benefits
    $40,975
    Filer's total
    $537,135
  • Mr Ryan Theis

    Womens Volleyball Head Coach

    Total calculated
    $413,229
    From this org
    $413,229
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,678
    Bonus
    $44,000
    Other
    $19,551
    Deferred
    $27,600
    Nontaxable benefits
    $43,077
    Filer's total
    $483,906
  • Mr Ralph Weber

    Assistant Secretary

    Total calculated
    $365,269
    From this org
    $365,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,930
    Bonus
    not reported
    Other
    $339
    Deferred
    not reported
    Nontaxable benefits
    $31,656
    Filer's total
    $396,925
  • Mr Sean Gissal

    Chief Investment Officer

    Total calculated
    $353,185
    From this org
    $353,185
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,185
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,600
    Nontaxable benefits
    $93,786
    Filer's total
    $474,571
  • Mr Ian Gonzalez

    Assistant Treasurer

    Total calculated
    $338,268
    From this org
    $338,268
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,047
    Bonus
    not reported
    Other
    $221
    Deferred
    $27,600
    Nontaxable benefits
    $41,990
    Filer's total
    $407,858
  • Dr William E Cullinan

    Dean Health Sciences

    Total calculated
    $283,537
    From this org
    $283,537
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,316
    Bonus
    not reported
    Other
    $221
    Deferred
    $22,770
    Nontaxable benefits
    $33,110
    Filer's total
    $339,417
  • Mr Steven Frieder

    Secretary

    Total calculated
    $171,848
    From this org
    $171,848
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,577
    Bonus
    not reported
    Other
    $271
    Deferred
    $14,056
    Nontaxable benefits
    $20,712
    Filer's total
    $206,616
  • Mr Todd Adams

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Harvey J Anderson II

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ms Joanna M Bauza

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Tim M Bergstrom

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rev Erick Berrelleza SJ

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Dr Jennifer M Connelly

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ms Julie Creamer

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Rick T Dillon

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Kevin L Frisinger

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Hon Janine P Geske

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ms Nancy Hernandez

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Patrick S Lawton

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rev Brian F Linnane SJ

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Vincent P Lyles

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Raymond J Manista

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rev Patrick McGrath SJ

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ms Nicole K Michaels

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Micky S Minhas

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rev Thomas W Neitzke SJ

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rev Michael Rozier SJ

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr James P Ryan

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rev Nicholas Santos SJ

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ms Amy Ford Souders

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr William R Stemper

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Owen J Sullivan

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Christoper J Swift

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Derek L Tyus

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Perry J Vieth

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mr Joseph A Walicki

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ms Chris Woleske

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Hon James A Wynn Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 1a
First class or charter travel is offered on a limited basis. Travel for companions is offered on a limited basis.
Part I Line 1a
Tax indemnification and gross-up payments are offered to university employees on a limited basis.
Part I Line 1a
Health and social club fees or initiation fees are offered on a limited basis.
Part II Line B ii
Bonuses are based on amounts approved by the Executive Committee of the Board of Trustees and/or per contract agreements.
Part II Line B iii
Other reportable compensation includes Board of Trustees approved or contractual payments for retention payments, auto allowances, club memberships, ticket discounts, moving expenses, tuition remission, cell phone allowances, new coach previous release contractual payment and compensation for the former president. Amounts for former president Dr. Lovell include board approved long-term compensation per employment agreement.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
10 May 2026
IRS schema version
2024v5.2
Source object
202611349349303611

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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