Totals
- Total revenue
- $256,738,950
- Total expenses
- $188,586,115
- Contributions and grants received
- $127,785,804
- Grants paid
- $69,656,205
- Program service revenue
- $116,028,817
- Investment income
- $6,819,025
- Other revenue
- $6,105,304
- Total assets, end of year
- $1,315,033,882
- Total liabilities, end of year
- $202,511,984
- Net assets or fund balances, end of year
- $1,112,521,898
- Program services expenses (Part IX)
- $170,171,863
- Management and general expenses
- $14,949,964
- Fundraising expenses
- $3,464,288
- Program service expenses (Part III)
- $170,171,863
Program services were 90.2% 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.
-
1e · Government grants (contributions)
$82,916
-
1f · All other contributions, gifts and grants
$127,702,888
-
1g · Noncash contributions included above
$59,522,624
-
2a · Program service revenue: TUITION AND FEES
total $99,993,411 · related or exempt $99,993,411
-
2b · Program service revenue: AUXILIARY SERVICES
total $16,035,406 · related or exempt $16,035,406
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $10,453,551 · unrelated business $10,453,551
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $113,666,645
-
7b · Less cost or other basis and sales expenses
securities $117,301,171
-
7c · Gain or loss
securities -$3,634,526 · other assets $0
-
7d · Net gain or loss
total -$3,634,526 · excluded -$3,634,526
-
11a · Other revenue: INN AT DEPAUW
total $2,236,639 · related or exempt $180,864 · unrelated business $2,055,775
-
11b · Other revenue: Student Revenue
total $1,665,947 · excluded $1,665,947
-
11c · Other revenue: CONFERENCES AND CATERING
total $96,998 · unrelated business $96,998
-
11d · All other revenue
total $2,105,720 · related or exempt $0 · unrelated business $23,330 · excluded $2,082,390
-
11e · Other revenue, total
$6,105,304
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $69,433,329 · program services $69,433,329
-
3 · Grants to foreign organizations and individuals
total $222,876 · program services $222,876
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $2,606,264 · program services $980,750 · management and general $1,354,323 · fundraising $271,191
-
6 · Compensation of disqualified persons
total $203,538 · program services $203,538
-
7 · Other salaries and wages
total $37,758,158 · program services $32,115,447 · management and general $4,416,109 · fundraising $1,226,602
-
8 · Pension plan contributions
total $3,736,576 · program services $3,161,831 · management and general $346,993 · fundraising $227,752
-
9 · Other employee benefits
total $6,077,628 · program services $5,055,938 · management and general $657,503 · fundraising $364,187
-
10 · Payroll taxes
total $2,996,502 · program services $2,535,592 · management and general $278,267 · fundraising $182,643
-
11a · Fees: management
total $67,113 · program services $67,113
-
11b · Fees: legal
total $233,749 · management and general $233,749
-
11c · Fees: accounting
total $235,234 · management and general $235,234
-
11e · Fees: professional fundraising services
total $34,400 · fundraising $34,400
-
11f · Fees: investment management
total $2,850,611 · management and general $2,850,611
-
11g · Fees: other
total $3,099,015 · program services $2,062,717 · management and general $988,505 · fundraising $47,793
-
12 · Advertising and promotion
total $623,375 · program services $22,931 · management and general $600,466 · fundraising -$22
-
13 · Office expenses
total $1,288,213 · program services $1,046,265 · management and general $224,318 · fundraising $17,630
-
14 · Information technology
total $1,350,359 · program services $417,052 · management and general $649,315 · fundraising $283,992
-
16 · Occupancy
total $7,424,819 · program services $6,941,224 · management and general $350,270 · fundraising $133,325
-
17 · Travel
total $2,448,981 · program services $2,224,623 · management and general $85,495 · fundraising $138,863
-
20 · Interest
total $7,534,261 · program services $7,185,348 · management and general $257,367 · fundraising $91,546
-
22 · Depreciation, depletion and amortization
total $16,671,354 · program services $15,891,355 · management and general $587,032 · fundraising $192,967
-
23 · Insurance
total $1,264,598 · program services $1,143,849 · management and general $106,455 · fundraising $14,294
-
24a · Other expenses: PROGRAMS AND ACTIVITIES
total $6,832,507 · program services $6,811,068 · management and general $15,130 · fundraising $6,309
-
24b · Other expenses: Food Service
total $5,579,330 · program services $5,579,330 · management and general $0 · fundraising $0
-
24c · Other expenses: STIPENDS & WORKSTUDY FOR GRANTS
total $2,586,005 · program services $2,586,005 · management and general $0 · fundraising $0
-
24d · Other expenses: INN AT DEPAUW
total $2,114,610 · program services $2,114,610 · management and general $0 · fundraising $0
-
24e · All other expenses
total $3,312,710 · program services $2,369,072 · management and general $712,822 · fundraising $230,816
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $772,210 · end of year $744,562
-
2 · Savings and temporary cash investments
beginning of year $8,201,435 · end of year $20,890,483
-
3 · Pledges and grants receivable
beginning of year $63,423,090 · end of year $48,862,008
-
4 · Accounts receivable
beginning of year $1,326,286 · end of year $2,554,026
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $50,000 · end of year $30,000
-
8 · Inventories for sale or use
beginning of year $340,599 · end of year $382,306
-
9 · Prepaid expenses and deferred charges
beginning of year $948,560 · end of year $2,099,899
-
10a · Land, buildings and equipment: cost or other basis
$565,845,416
-
10b · Land, buildings and equipment: accumulated depreciation
$266,337,005
-
10c · Land, buildings and equipment, net
beginning of year $307,410,431 · end of year $299,508,411
-
11 · Investments: publicly traded securities
beginning of year $370,594,207 · end of year $504,563,349
-
12 · Investments: other securities
beginning of year $384,848,360 · end of year $426,300,402
-
13 · Investments: program-related
beginning of year $4,655,730 · end of year $4,085,772
-
15 · Other assets
beginning of year $5,127,731 · end of year $5,012,664
-
17 · Accounts payable and accrued expenses
beginning of year $10,541,739 · end of year $9,831,883
-
20 · Tax-exempt bond liabilities
beginning of year $162,602,492 · end of year $159,859,733
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $476,704
-
25 · Other liabilities
beginning of year $33,743,846 · end of year $32,343,664
-
27 · Net assets without donor restrictions
beginning of year $293,308,355 · end of year $297,042,378
-
28 · Net assets with donor restrictions
beginning of year $647,502,207 · end of year $815,479,520
Mission and programs · 2023
Mission
DePauw University develops leaders the world needs through an uncommon commitment to the liberal arts. DePauw's diverse and inclusive learning and living experience, distinctive in its rigorous intellectual engagement and its global and experiential learning opportunities, leads to a life of meaning and means. DePauw prepares graduates who support and create positive change in their communities and the world.
Activities or mission (Part I)
DePauw is a nationally-recognized, leading liberal arts college committed to creating an atmosphere of intellectual challenge & engagement that prepares students for lifelong success.
-
Depauw University is a nationally-recognized, leading liberal arts college in Greencastle, Indiana, dedicated to educating 1,820 students from across the country and around the globe. Connected to the liberal arts college is one of the nation's first schools of music. For 187 years, DePauw has created an atmosphere of intellectual challenge and social engagement that prepares students for lifelong success. Academic exploration at DePauw pushes students to gain broad exposure to multiple disciplines before narrowing their focus. DePauw offers dozens of majors and minors, a handful of honors and fellows programs, and a set of experiential learning opportunities that challenge students within and beyond the classroom. Building networks has never been more important than it is right now. At DePauw, students make connections through student-run clubs and organizations, NCAA Division III athletics and recreational sports, fraternities and sororities, and service organizations. DePauw alumni go on to careers in academia, medicine, law, music, finance, education, and numerous other fields. They are surgeons, actors, legal advocates, astronauts, and environmental activists. DePauw takes pride in having given each one the confidence to take risks and the tools to realize their goals.
Expenses $170,171,863 · Grants $69,656,205 · Revenue $116,209,681
As filed on the 2023 return.
Listed in Part VII
-
Douglas I Smith
Board Chair, Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kyle E Lanham
Board Secretary, Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andrew J Paine III
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Blair A Rieth Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brent E St John
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Chloie M Favinger
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David B Becker
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Denise Castillo Dell Isola
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Beggs
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gregory A Sissel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Holiday H McKiernan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James B Stewart
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James Denison O'Keane
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey L Harmening
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Scully
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Phillips
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan V Fortt
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jose Bowen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Rohs
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Julius C Trimble
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Justin Dye
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Justin P Christian
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn Fortune Hubbard
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Patterson Vrabeck
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth W Coquillette
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kristina Mikhailova
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence E Young
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Henderson Bennett
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Luis R Davila
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marshall W Reavis IV
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matthew S Darnall
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Newton F Crenshaw
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Peter G Ruppert
Trustee (through 8/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Reese Wallace
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Strauss Krouse
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Susan M Ansel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tamika Newson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William K Daniel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Amy Kwas
VP or Develop. & Alumni Engagement (Beginning 12/01/23)
- Total calculated
- $45,918
- From this org
- $41,521
- From related orgs
- $0
- Other
- $4,397
- Hours/week
- 55
-
Andrea Young
Vice President for Finance and Administration
- Total calculated
- $295,987
- From this org
- $237,063
- From related orgs
- $0
- Other
- $58,924
- Hours/week
- 55 + 2 related
Schedule J breakdown matched by us
- Base
- $236,583
- Bonus
- $0
- Other
- $480
- Deferred
- $20,150
- Nontaxable benefits
- $38,774
- Filer's total
- $295,987
-
Anne E Cunningham
VP for Develop. & Alumni Engagement (through 10/20/23)
- Total calculated
- $225,272
- From this org
- $196,890
- From related orgs
- $0
- Other
- $28,382
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $196,290
- Bonus
- $0
- Other
- $600
- Deferred
- $16,092
- Nontaxable benefits
- $12,290
- Filer's total
- $225,272
-
David Berque
Vice President for Academic Affairs
- Total calculated
- $283,432
- From this org
- $246,167
- From related orgs
- $0
- Other
- $37,265
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $242,999
- Bonus
- $0
- Other
- $3,168
- Deferred
- $21,101
- Nontaxable benefits
- $16,164
- Filer's total
- $283,432
-
Dionne Jackson
Vice President for Institutional Equity
- Total calculated
- $219,694
- From this org
- $202,136
- From related orgs
- $0
- Other
- $17,558
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $201,501
- Bonus
- $0
- Other
- $635
- Deferred
- $16,120
- Nontaxable benefits
- $1,438
- Filer's total
- $219,694
-
John Mark Day
VP for Student Affairs and Dean of Students
- Total calculated
- $240,783
- From this org
- $187,382
- From related orgs
- $0
- Other
- $53,401
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $186,958
- Bonus
- $0
- Other
- $424
- Deferred
- $16,120
- Nontaxable benefits
- $37,281
- Filer's total
- $240,783
-
Lori S White
President
- Total calculated
- $801,406
- From this org
- $647,633
- From related orgs
- $0
- Other
- $153,773
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $498,036
- Bonus
- $70,000
- Other
- $79,597
- Deferred
- $101,400
- Nontaxable benefits
- $52,373
- Filer's total
- $801,406
-
Mary E Petrie
Vice President for Enrollment Management
- Total calculated
- $241,841
- From this org
- $193,915
- From related orgs
- $0
- Other
- $47,926
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $193,483
- Bonus
- $0
- Other
- $432
- Deferred
- $16,410
- Nontaxable benefits
- $31,516
- Filer's total
- $241,841
-
Sarah Steinkamp
VP for Communications
- Total calculated
- $256,930
- From this org
- $210,635
- From related orgs
- $0
- Other
- $46,295
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $210,164
- Bonus
- $0
- Other
- $471
- Deferred
- $17,732
- Nontaxable benefits
- $28,563
- Filer's total
- $256,930
-
Anthony Tillman
Dean of Student Academic Success and Equity
- Total calculated
- $257,164
- From this org
- $227,033
- From related orgs
- $0
- Other
- $30,131
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $216,692
- Bonus
- $4,382
- Other
- $5,959
- Deferred
- $17,659
- Nontaxable benefits
- $12,472
- Filer's total
- $257,164
-
Bridget Gourley
Dean of College of Liberal Arts & Sciences / Faculty, Prof. of Chem & Biochem
- Total calculated
- $208,252
- From this org
- $166,147
- From related orgs
- $0
- Other
- $42,105
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $150,234
- Bonus
- $2,100
- Other
- $13,813
- Deferred
- $13,908
- Nontaxable benefits
- $28,197
- Filer's total
- $208,252
-
Carol Smith
Chief Information Officer
- Total calculated
- $214,114
- From this org
- $169,307
- From related orgs
- $0
- Other
- $44,807
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $163,433
- Bonus
- $3,486
- Other
- $2,388
- Deferred
- $15,128
- Nontaxable benefits
- $29,679
- Filer's total
- $214,114
-
Humberto Barreto
Prof. of Bus. Analytics, Coordinator of the Bus. Analytics Program
- Total calculated
- $244,406
- From this org
- $197,129
- From related orgs
- $0
- Other
- $47,277
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $189,329
- Bonus
- $0
- Other
- $7,800
- Deferred
- $17,225
- Nontaxable benefits
- $30,052
- Filer's total
- $244,406
-
Jeffrey Gropp
Prof. of Econ and Mgmt, Dir. of the Mgmt Fellows Program
- Total calculated
- $252,857
- From this org
- $174,156
- From related orgs
- $0
- Other
- $78,701
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $173,260
- Bonus
- $0
- Other
- $896
- Deferred
- $16,057
- Nontaxable benefits
- $62,644
- Filer's total
- $252,857
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 · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- AS A CONDITION OF THEIR EMPLOYMENT, THE UNIVERSITY'S PRESIDENT WAS PROVIDED HOUSING CONTIGUOUS TO CAMPUS IN THE AMOUNT OF $37,251. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS THEREFORE NOT INCLUDED IN THEIR TAXABLE COMPENSATION.
- Schedule J, Part I, Line 1a Personal services
- THE UNIVERSITY PROVIDES THE PRESIDENT WITH TAX PREPARATION, FINANCIAL, AND ESTATE PLANNING SERVICES, WHICH ARE INCLUDED IN THEIR TAXABLE COMPENSATION.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- PRESIDENT LORI WHITE PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. DURING 2023, $75,000 WAS CONTRIBUTED TO THE PLAN. DISTRIBUTIONS TOTALED $67,500 FOR COMPENSATION ORIGINALLY DEFERRED IN 2021.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
EMPLOYER-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY
501(c)(9) · VEBA TRUST · MO · controlled entity
Directly controlled by DEPAUW UNIVERSITY
-
EMPLOYEE-CONTRIBUTION VEBA TRUST DEPAUW UNIVERSITY
501(c)(9) · VEBA TRUST · MO · controlled entity
Directly controlled by DEPAUW UNIVERSITY
-
501(c)(3) · Hold Real Estate · IN · controlled entity
Directly controlled by DePauw University
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (37)
Trust · TRUST · IN
Directly controlled by DEPAUW UNIVERSITY
-
PERPETUAL TRUSTS (6)
Trust · TRUST · IN
Directly controlled by DEPAUW UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531329349305398
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