Totals
- Total revenue
- $147,112,306
- Total expenses
- $144,756,692
- Contributions and grants received
- $8,032,702
- Grants paid
- $55,577,250
- Program service revenue
- $133,903,580
- Investment income
- $5,753,851
- Other revenue
- -$577,827
- Total assets, end of year
- $292,670,600
- Total liabilities, end of year
- $45,018,266
- Net assets or fund balances, end of year
- $247,652,334
- Program services expenses (Part IX)
- $130,207,762
- Management and general expenses
- $13,068,351
- Fundraising expenses
- $1,480,579
- Program service expenses (Part III)
- $130,207,762
Program services were 89.9% 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
$96,749
-
1e · Government grants (contributions)
$929,424
-
1f · All other contributions, gifts and grants
$7,006,529
-
1g · Noncash contributions included above
$433,716
-
2a · Program service revenue: TUITION AND FEES
total $113,698,436 · related or exempt $113,698,436
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $20,205,144 · related or exempt $20,186,620 · unrelated business $18,524
-
3 · Investment income
total $5,057,210 · unrelated business $158,472 · excluded $4,898,738
-
7a · Gross sales of assets other than inventory
securities $92,039,434 · other assets $46,026
-
7b · Less cost or other basis and sales expenses
securities $91,388,819 · other assets $0
-
7c · Gain or loss
securities $650,615 · other assets $46,026
-
7d · Net gain or loss
total $696,641 · excluded $696,641
-
8a · Fundraising events: gross income
$35,415
-
8a · Fundraising events: contributions included on line 1c
$96,749
-
8b · Fundraising events: direct expenses
$46,054
-
8c · Net income from fundraising events
total -$10,639 · excluded -$10,639
-
11a · Other revenue: SUMMER CONFERENCES
total $810,737 · unrelated business $810,737
-
11b · Other revenue: OTHER INCOME
total -$1,377,925 · excluded -$1,377,925
-
11e · Other revenue, total
-$567,188
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $55,577,250 · program services $55,577,250
-
5 · Compensation of officers, directors and key employees
total $2,056,232 · management and general $1,886,351 · fundraising $169,881
-
7 · Other salaries and wages
total $35,484,922 · program services $31,080,908 · management and general $3,657,346 · fundraising $746,668
-
8 · Pension plan contributions
total $1,550,028 · program services $1,283,725 · management and general $228,970 · fundraising $37,333
-
9 · Other employee benefits
total $6,574,599 · program services $5,218,450 · management and general $1,169,943 · fundraising $186,206
-
10 · Payroll taxes
total $2,573,096 · program services $2,135,144 · management and general $380,832 · fundraising $57,120
-
11b · Fees: legal
total $34,489 · management and general $34,489
-
11c · Fees: accounting
total $112,523 · management and general $112,523
-
11e · Fees: professional fundraising services
total $133,211 · fundraising $133,211
-
11f · Fees: investment management
total $33,190 · management and general $33,190
-
11g · Fees: other
total $59 · management and general $59
-
12 · Advertising and promotion
total $255,855 · program services $25,495 · management and general $230,160 · fundraising $200
-
13 · Office expenses
total $11,935,001 · program services $11,039,096 · management and general $823,757 · fundraising $72,148
-
14 · Information technology
total $2,719,183 · program services $91,431 · management and general $2,625,836 · fundraising $1,916
-
16 · Occupancy
total $3,302,228 · program services $3,238,212 · management and general $64,016
-
17 · Travel
total $2,064,709 · program services $1,974,232 · management and general $65,754 · fundraising $24,723
-
19 · Conferences, conventions and meetings
total $148,636 · program services $135,322 · management and general $11,677 · fundraising $1,637
-
20 · Interest
total $66,863 · program services $17,742 · management and general $49,121
-
22 · Depreciation, depletion and amortization
total $7,773,742 · program services $6,935,408 · management and general $838,334
-
23 · Insurance
total $998,558 · program services $600,694 · management and general $397,864
-
24a · Other expenses: ALL OTHER EXPENSES
total $11,362,318 · program services $10,854,653 · management and general $458,129 · fundraising $49,536
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,608,573 · end of year $1,242,207
-
2 · Savings and temporary cash investments
beginning of year $468,745 · end of year $418,458
-
3 · Pledges and grants receivable
beginning of year $6,696,274 · end of year $7,401,729
-
4 · Accounts receivable
beginning of year $3,282,221 · end of year $1,809,617
-
7 · Other notes and loans receivable
beginning of year $742,223 · end of year $534,257
-
9 · Prepaid expenses and deferred charges
beginning of year $1,559,851 · end of year $1,931,019
-
10a · Land, buildings and equipment: cost or other basis
$225,550,551
-
10b · Land, buildings and equipment: accumulated depreciation
$103,069,386
-
10c · Land, buildings and equipment, net
beginning of year $126,456,991 · end of year $122,481,165
-
11 · Investments: publicly traded securities
beginning of year $107,588,534 · end of year $124,431,428
-
15 · Other assets
beginning of year $29,883,046 · end of year $32,420,720
-
17 · Accounts payable and accrued expenses
beginning of year $3,695,884 · end of year $4,896,299
-
19 · Deferred revenue
beginning of year $4,090,621 · end of year $4,082,337
-
20 · Tax-exempt bond liabilities
beginning of year $899,792 · end of year $518,620
-
25 · Other liabilities
beginning of year $35,844,066 · end of year $35,521,010
-
27 · Net assets without donor restrictions
beginning of year $140,975,895 · end of year $141,293,853
-
28 · Net assets with donor restrictions
beginning of year $94,780,200 · end of year $106,358,481
Mission and programs · 2024
Mission
CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY.
-
INSTRUCTION & ACADEMIC SUPPORT - CARROLL UNIVERSITY OFFERS MORE THAN 95 AREAS OF STUDY FOR STUDENTS TO DISCOVER AND EXPLORE THAT ARE HOUSED WITHIN TWO COLLEGES (COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF HEALTH SCIENCES) AND TWO SCHOOLS (SCHOOL OF BUSINESS AND SCHOOL OF EDUCATION AND HUMAN SERVICES). WE STRUCTURE THOSE WITH THE INDIVIDUAL GOALS AND NEEDS OF OUR STUDENTS IN MIND. OUR TOP MAJORS ARE NURSING, BUSINESS, EXERCISE SCIENCE, PSYCHOLOGY, BIOLOGY AND PHYSICAL THERAPY (GRADUATE). MANY OF OUR PROGRAMS OFFER THE FLEXIBILITY TO DOUBLE MAJOR OR ADD MINORS WHILE STILL GRADUATING IN FOUR YEARS. WE ALSO OFFER THE OPPORTUNITY TO COMPLETE SELECT MAJORS AND GET STARTED ON A CAREER SOONER WITH OUR CARROLL3 PROGRAMS. IN ADDITION, OUR DUAL DEGREE PROGRAMS MAKE IT CONVENIENT FOR STUDENTS TO EARN BOTH A BACHELOR'S AND MASTER'S DEGREE IN JUST FIVE YEARS. CARROLL ISN'T A ONE-SIZE-FITS-ALL KIND OF PLACE AND RECOGNIZES THAT EVERYONE IS DIFFERENT AND WE'RE HERE TO HELP EACH STUDENT GET THE MOST OUT OF THEIR ACADEMIC EXPERIENCE. IN EACH OF OUR AREAS OF STUDY, STUDENTS WILL GAIN A STRONG, FOUNDATIONAL KNOWLEDGE AND SKILLS THAT WILL PREPARE THEM FOR THEIR FUTURE. THEY WILL ENJOY SMALL CLASS SIZES AND PROFESSORS WHO GET TO KNOW THEM AND ARE INVESTED IN STUDENT SUCCESS. AT THE GRADUATE LEVEL, CARROLL OFFERS STUDENTS LOOKING TO TAKE THEIR EXPERTISE TO THE NEXT LEVEL WITH ACCELERATED, FLEXIBLE PROGRAMS THAT HELP THEM GO FARTHER, FASTER TO REACH THEIR PROFESSIONAL GOALS.
Expenses $41,176,306 · Revenue $113,698,436
-
AUXILIARY & STUDENT SERVICES - THE UNIVERSITY OFFERS A BROAD SCOPE OF ACTIVITIES AND PROGRAMMING FOR STUDENTS. THROUGH INTERCULTURAL PROGRAMMING, DIVERSITY INITIATIVES, MENTORING OPPORTUNITIES AND MORE, OUR OFFICE OF INTERCULTURAL AND DIVERSITY ENGAGEMENT WORKS TO CHALLENGE PRECONCEIVED NOTIONS AND ENRICH THE CARROLL COMMUNITY. STUDENTS LIVE OUT CARROLL'S MISSION OF SERVICE THROUGH VOLUNTEERING, MENTORSHIP PROGRAMS, CIVIC ENGAGEMENT AND MORE. CAMPUS SPIRITUAL LIFE INCLUDES WEEKLY PROGRAMS, RETREATS AND PARTNERSHIPS WITH LOCAL FAITH COMMUNITIES THAT GIVE STUDENTS MANY OPTIONS FOR REFLECTION AND WORSHIP. OTHER STUDENT ACTIVITIES AT CARROLL INCLUDE MORE THAN 50 STUDENT ORGANIZATIONS WHERE STUDENTS CAN JOIN TOGETHER TO EXPLORE THEIR INTERESTS AND DEVELOP LEADERSHIP SKILLS IN ORGANIZATIONS RELATED TO ACADEMIC PROGRAMS, SERVICE/ADVOCACY, DIVERSITY, STUDENT GOVERNMENT, RECREATION, ACTING, FRATERNITY AND SORORITY LIFE, ACAPELLA SINGING, OUTDOOR ACTIVITIES AND MORE. CARROLL IS HOME TO 23 NCAA DIVISION III ATHLETIC TEAMS (11 MEN'S SPORTS AND 12 WOMEN'S SPORTS) AND COMPETES IN THE NATIONALLY-RECOGNIZED COLLEGE CONFERENCE OF ILLINOIS AND WISCONSIN (CCIW). INCLUDED IN AUXILIARY PROGRAMMING ARE 12 HOUSING OPTIONS FROM TRADITIONAL RESIDENCE HALLS TO SUITE-STYLE UNITS AND APARTMENTS AND ALSO FLEXIBLE MEAL PLANS AND MENUS ARE OFFERED FOR ALL OF OUR SEVEN ON-CAMPUS DINING LOCATIONS.
Expenses $89,031,456 · Grants $55,577,250 · Revenue $20,186,620
-
INSTITUTIONAL SUPPORT - THIS CATEGORY OF PROGRAMMING INCLUDES THE SENIOR LEADERSHIP TEAM, MARKETING AND COMMUNICATIONS, AND ALL OTHER NECESSARY FUNCTIONS TO LEAD AND SUPPORT THE UNIVERSITY'S STUDENTS AND ACADEMIC MISSION AT THE WAUKESHA, WISCONSIN CAMPUS AND OTHER FACILITIES MADE UP OF 1.3 MILLION SQUARE FEET OF SPACE IN OVER 65 BUILDINGS AND 160-PLUS ACRES OF LAND. ALSO INCLUDED HERE IS INSTITUTIONAL ADVANCEMENT WHICH IS FOCUSED ON FUNDRAISING AND DONOR RELATIONS AND THE ALUMNI RELATIONS DEPARTMENT REACHING OUT TO MORE THAN 23,000 CARROLL ALUMNI ACROSS ALL 50 STATES AND 33 COUNTRIES. ALL OTHER SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION ARE INCLUDED HERE INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cindy GnadingerCINDY GNADINGER
PRESIDENT
- Total calculated
- $602,581
- From this org
- $556,450
- From related orgs
- $0
- Other
- $46,131
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $489,170
- Bonus
- $50,000
- Other
- $17,280
- Deferred
- $25,600
- Nontaxable benefits
- $20,531
- Filer's total
- $602,581
-
Deborah BlockDEBORAH BLOCK
TRUSTEE/CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas MuellerDOUGLAS MUELLER
TRUSTEE/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John HengelJOHN HENGEL
TRUSTEE/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kathy WolfgramKATHY WOLFGRAM
TRUSTEE/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ann LaatschANN LAATSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bart WilliamsBART WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Blane DexheimerBLANE DEXHEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob SullivanBOB SULLIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David LaatschDAVID LAATSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack RieschJACK RIESCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James SchneiderJAMES SCHNEIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane HamiltonJANE HAMILTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John HarrisJOHN HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John LindJOHN LIND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kim WynnKIM WYNN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristi CzarneckiKRISTI CZARNECKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Latoya Conners GrayLATOYA CONNERS GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura DexterLAURA DEXTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura Fisher-BonvalletLAURA FISHER-BONVALLET
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Wendt MoaseMARY WENDT MOASE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nadou S LawsonNADOU S LAWSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sandra CunninghamSANDRA CUNNINGHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan HayesSUSAN HAYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred StierFRED STIER
TRUSTEE (THROUGH 10/2024)
- Total calculated
- $0
- Hours/week
- 1
-
Mark BlegenMARK BLEGEN
PRVST/VP ACAD AFFAIR (END 6/2025)
- Total calculated
- $270,016
- From this org
- $235,359
- From related orgs
- $0
- Other
- $34,657
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,174
- Bonus
- $0
- Other
- $1,185
- Deferred
- $15,297
- Nontaxable benefits
- $19,360
- Filer's total
- $270,016
-
Victoria DowlingVICTORIA DOWLING
VP FOR INSTITUTIONAL ADVANCEMENT
- Total calculated
- $265,931
- From this org
- $237,019
- From related orgs
- $0
- Other
- $28,912
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,605
- Bonus
- $0
- Other
- $3,414
- Deferred
- $16,794
- Nontaxable benefits
- $12,118
- Filer's total
- $265,931
-
Paul ZinckPAUL ZINCK
VP FINANCE/ADMINIS (END 12/2024)
- Total calculated
- $249,435
- From this org
- $233,737
- From related orgs
- $0
- Other
- $15,698
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,077
- Bonus
- $0
- Other
- $11,660
- Deferred
- $14,975
- Nontaxable benefits
- $723
- Filer's total
- $249,435
-
Catherine JorgensCATHERINE JORGENS
UNIVERSITY COUNSEL
- Total calculated
- $218,236
- From this org
- $203,786
- From related orgs
- $0
- Other
- $14,450
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,959
- Bonus
- $0
- Other
- $1,827
- Deferred
- $14,117
- Nontaxable benefits
- $333
- Filer's total
- $218,236
-
Mohammed BeyMOHAMMED BEY
VP FOR CUMMUNITY CULTURE
- Total calculated
- $213,843
- From this org
- $169,429
- From related orgs
- $0
- Other
- $44,414
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,846
- Bonus
- $0
- Other
- $583
- Deferred
- $13,058
- Nontaxable benefits
- $31,356
- Filer's total
- $213,843
-
Nate DehneNATE DEHNE
VP FOR STUDENT AFFAIRS
- Total calculated
- $202,884
- From this org
- $162,992
- From related orgs
- $0
- Other
- $39,892
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,200
- Bonus
- $0
- Other
- $792
- Deferred
- $9,542
- Nontaxable benefits
- $30,350
- Filer's total
- $202,884
-
Dawn ScottDAWN SCOTT
VP FOR ENROLLMENT
- Total calculated
- $201,628
- From this org
- $158,999
- From related orgs
- $0
- Other
- $42,629
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,471
- Bonus
- $0
- Other
- $528
- Deferred
- $11,996
- Nontaxable benefits
- $30,633
- Filer's total
- $201,628
-
Andrew HobanANDREW HOBAN
VP FOR FINANCE
- Total calculated
- $176,411
- From this org
- $135,897
- From related orgs
- $0
- Other
- $40,514
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,729
- Bonus
- $0
- Other
- $168
- Deferred
- $9,928
- Nontaxable benefits
- $30,586
- Filer's total
- $176,411
-
Eli HestermanELI HESTERMAN
PROVOST/VP FOR ACAD. AFFAIRS
- Total calculated
- $0
- Hours/week
- 40
-
Kathy Kramer Dean OfKATHY KRAMER DEAN OF
SCHOOL OF EDUC. HUMAN SERV.
- Total calculated
- $178,373
- From this org
- $156,604
- From related orgs
- $0
- Other
- $21,769
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,721
- Bonus
- $0
- Other
- $883
- Deferred
- $11,268
- Nontaxable benefits
- $10,501
- Filer's total
- $178,373
-
Timothy SullivanTIMOTHY SULLIVAN
DEAN-SCHOOL OF BUSINESS
- Total calculated
- $152,971
- From this org
- $152,471
- From related orgs
- $0
- Other
- $500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,999
- Bonus
- $0
- Other
- $2,472
- Deferred
- $500
- Nontaxable benefits
- $0
- Filer's total
- $152,971
-
Kareem MuhammadKAREEM MUHAMMAD
DEAN OF COLLEGE ARTS AND SCIENCES
- Total calculated
- $167,963
- From this org
- $152,007
- From related orgs
- $0
- Other
- $15,956
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,819
- Bonus
- $0
- Other
- $188
- Deferred
- $4,756
- Nontaxable benefits
- $11,200
- Filer's total
- $167,963
-
Thomas Pahnke Dean OfTHOMAS PAHNKE DEAN OF
COLLEGE OF HEALTH SCIENCES
- Total calculated
- $186,690
- From this org
- $164,738
- From related orgs
- $0
- Other
- $21,952
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,119
- Bonus
- $0
- Other
- $619
- Deferred
- $11,846
- Nontaxable benefits
- $10,106
- Filer's total
- $186,690
-
Sara DepreySARA DEPREY
CHAIR/PROFESSOR PHYSICAL THERAPY
- Total calculated
- $174,613
- From this org
- $163,589
- From related orgs
- $0
- Other
- $11,024
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,911
- Bonus
- $0
- Other
- $12,678
- Deferred
- $10,770
- Nontaxable benefits
- $254
- Filer's total
- $174,613
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 · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630549349300508
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