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Nonprofiteer
← MCKENDREE UNIVERSITY

Form 990 for tax year 2023

Filed by MCKENDREE UNIVERSITY.

Totals

Total revenue
$78,700,263
Total expenses
$70,521,162
Contributions and grants received
$6,818,548
Grants paid
$28,578,480
Program service revenue
$59,204,071
Investment income
$11,753,213
Other revenue
$924,431
Total assets, end of year
$107,254,599
Total liabilities, end of year
$41,068,869
Net assets or fund balances, end of year
$66,185,730
Program services expenses (Part IX)
$59,024,971
Management and general expenses
$10,644,625
Fundraising expenses
$851,566
Program service expenses (Part III)
$59,024,971

Program services were 83.7% 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.

  • 1e · Government grants (contributions)

    $4,833,501

  • 1f · All other contributions, gifts and grants

    $1,985,047

  • 1g · Noncash contributions included above

    $94,369

  • 2a · Program service revenue: TUITION AND FEES

    total $49,972,984 · related or exempt $49,972,984

  • 2b · Program service revenue: ROOM AND BOARD

    total $9,231,087 · related or exempt $9,231,087

  • 3 · Investment income

    total $1,150,524 · excluded $1,150,524

  • 5 · Royalties

    total $2,021 · excluded $2,021

  • 6a · Gross rents

    real property $31,497

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $31,497

  • 6d · Net rental income or loss

    total $31,497 · related or exempt $31,497

  • 7a · Gross sales of assets other than inventory

    securities $30,936,283

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

    securities $20,333,594

  • 7c · Gain or loss

    securities $10,602,689

  • 7d · Net gain or loss

    total $10,602,689 · excluded $10,602,689

  • 11a · Other revenue: ATHLETIC AND PERFORMING ART TICKE

    total $236,904 · related or exempt $236,904

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $187,004 · related or exempt $187,004

  • 11c · Other revenue: INSURANCE PROCEEDS

    total $151,947 · related or exempt $151,947

  • 11d · All other revenue

    total $315,058 · related or exempt $315,058

  • 11e · Other revenue, total

    $890,913

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $28,578,480 · program services $28,578,480

  • 5 · Compensation of officers, directors and key employees

    total $471,177 · program services $363,444 · management and general $97,495 · fundraising $10,238

  • 7 · Other salaries and wages

    total $15,431,764 · program services $11,903,329 · management and general $3,193,111 · fundraising $335,324

  • 8 · Pension plan contributions

    total $599,595 · program services $389,116 · management and general $190,476 · fundraising $20,003

  • 9 · Other employee benefits

    total $1,833,563 · program services $1,189,917 · management and general $582,477 · fundraising $61,169

  • 10 · Payroll taxes

    total $1,085,902 · program services $704,712 · management and general $344,964 · fundraising $36,226

  • 11b · Fees: legal

    total $541,414 · management and general $541,414

  • 11c · Fees: accounting

    total $156,306 · management and general $156,306

  • 11f · Fees: investment management

    total $136,688 · management and general $136,688

  • 11g · Fees: other

    total $3,038,568 · program services $3,038,568

  • 12 · Advertising and promotion

    total $322,835 · program services $53,699 · management and general $243,559 · fundraising $25,577

  • 13 · Office expenses

    total $3,546,383 · program services $2,138,389 · management and general $1,274,185 · fundraising $133,809

  • 14 · Information technology

    total $1,381,748 · program services $229,832 · management and general $1,042,444 · fundraising $109,472

  • 16 · Occupancy

    total $1,665,271 · program services $1,658,853 · management and general $5,808 · fundraising $610

  • 17 · Travel

    total $2,657,980 · program services $2,514,666 · management and general $129,694 · fundraising $13,620

  • 19 · Conferences, conventions and meetings

    total $26,683 · program services $25,056 · management and general $1,472 · fundraising $155

  • 20 · Interest

    total $1,417,749 · program services $505,076 · management and general $912,673

  • 22 · Depreciation, depletion and amortization

    total $2,728,272 · program services $2,515,978 · management and general $212,294

  • 23 · Insurance

    total $1,021,893 · management and general $924,778 · fundraising $97,115

  • 24a · Other expenses: FOOD SERVICE MANAGEMENT

    total $1,964,984 · program services $1,964,984

  • 24b · Other expenses: MISCELLANEOUS

    total $1,082,622 · program services $506,991 · management and general $567,383 · fundraising $8,248

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $831,285 · program services $743,881 · management and general $87,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,345,656 · end of year $318,626

  • 3 · Pledges and grants receivable

    beginning of year $4,032,315 · end of year $3,599,334

  • 4 · Accounts receivable

    beginning of year $5,849,164 · end of year $6,209,449

  • 7 · Other notes and loans receivable

    beginning of year $70,478 · end of year $46,761

  • 9 · Prepaid expenses and deferred charges

    beginning of year $364,461 · end of year $423,735

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

    $80,704,834

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

    $43,903,212

  • 10c · Land, buildings and equipment, net

    beginning of year $33,316,200 · end of year $36,801,622

  • 11 · Investments: publicly traded securities

    beginning of year $45,572,073 · end of year $45,609,865

  • 15 · Other assets

    beginning of year $15,245,916 · end of year $14,245,207

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,961,654 · end of year $6,053,290

  • 19 · Deferred revenue

    beginning of year $1,036,956 · end of year $1,230,999

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,348,225 · end of year $8,413,447

  • 23 · Secured mortgages and notes payable

    beginning of year $26,015,850 · end of year $21,991,167

  • 25 · Other liabilities

    beginning of year $3,943,368 · end of year $3,379,966

  • 27 · Net assets without donor restrictions

    beginning of year $14,645,225 · end of year $13,930,152

  • 28 · Net assets with donor restrictions

    beginning of year $48,844,985 · end of year $52,255,578

Mission and programs · 2023

Mission

THE MISSION OF MCKENDREE UNIVERSITY IS TO PROVIDE A HIGH QUALITY EDUCATIONAL EXPERIENCE TO OUTSTANDING STUDENTS. WE GUIDE OUR STUDENTS IN THE PURSUIT OF ACADEMIC EXCELLENCE WHICH WILL PREPARE THEM FOR LEADERSHIP ROLES IN OUR SOCIETY. TO ACHIEVE THIS END WE ENCOURAGE BROADER VISION ENRICHED PURPOSE, ENGAGEMENT WITH COMMUNITY, COMMITMENT TO RESPONSIBLE CITIZENSHIP, OPENNESS TO NEW IDEAS AND DEDICATION TO LIFELONG LEARNING. IN KEEPING WITH OUR HISTORY AND TRADITIONS, WE PROVIDE OUR STUDENTS WITH A RIGOROUS, BROADLY BASED LIBERL ARTS CURRICULA JOINED WITH SPECIALIZATION IN A SPECIFIC DISCIPLINE.

Activities or mission (Part I)

THE MISSION OF MCKENDREE UNIVERSITY IS TO PROVIDE A HIGH QUALITY EDUCATIONAL EXPERIENCE TO OUTSTANDING STUDENTS.

  • INSTRUCTION AND ACADEMIC SUPPORT - WE OFFER UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO DEVELOP OUR STUDENT'S KNOWLEDGE, ANALYTICAL ABILITIES, RESEARCH CAPABILITIES, CREATIVITY, AND SENSE OF IDENTITY. WE OFFER AN INTELLECTUAL AND TECHNOLOGICAL ENVIRONMENT SUPPORTIVE OF INNOVATIVE AND EFFECTIVE TEACHING, RESEARCH, ASSESSMENT AND COMMUNICATION, EXCELLENT WRITING AND ORAL SKILLS, AND DECISION MAKING.

    Expenses $39,833,640 · Grants $28,578,480 · Revenue $49,965,082

  • STUDENT SERVICES - TO CREATE A CULTURE OF CAMPUS LIFE THAT INCLUDES EXPERIENCES BEYOND THE CLASSROOM THAT ALLOW FOR DEVELOPMENT OF THE WHOLE PERSON.

    Expenses $13,261,168 · Revenue $930,312

  • AUXILIARY SERVICES - TO PROVIDE ROOM AND BOARD FOR STUDENTS AT THE LEBANON, IL CAMPUS.

    Expenses $5,930,163 · Revenue $9,231,087

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel J Lett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • George W Obernagel III

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jamie A Auffenberg Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Thomas E Holloway

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • James P Poneta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Valerie L Thaxton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Nicholas I Tropiano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Mark D Waltermire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Rebecca Wohltman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • J Randy Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • John L Bailey

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara M Carstens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Linda Cassens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Rev Robert H Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Michael F Gauble

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • R Wayne Klenke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Joe Koppeis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff C Lanter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jackie I Leemon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Michael C Marchal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Gregory M Mennerick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Matthew R Olmstead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • A Maria Page

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Rev Sylvester Weatherall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Deborah A Belsheim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Richard H Lloyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Ryan M Furniss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Jeff Dosier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Lawrence Carrico

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Michael Dunnigan Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Travis Liebig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Rev Dr Victor Long

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Joseph Mark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Kent Marty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Nicole Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Luke Pope

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Carla Stone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Kristin Kneedler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Daniel C Dobbins

    CURRENT PRESIDENT

    Total calculated
    $392,234
    From this org
    $344,241
    From related orgs
    $0
    Other
    $47,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,241
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $17,993
    Filer's total
    $392,234

  • Shari Keffer

    CURRENT - VP OF ADMIN AND FINANCE

    Total calculated
    $0
    Hours/week
    40

  • Scott Schneider

    PAST - VP OF ADMIN AND FINANCE

    Total calculated
    $84,306
    From this org
    $72,336
    From related orgs
    $0
    Other
    $11,970
    Hours/week
    40

  • Daryl Hancock

    VP OF OPERATIONS

    Total calculated
    $173,324
    From this org
    $165,207
    From related orgs
    $0
    Other
    $8,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,207
    Bonus
    $0
    Other
    $0
    Deferred
    $8,117
    Nontaxable benefits
    $0
    Filer's total
    $173,324

  • Dr Tami Eggleston

    CURRENT PROVOST

    Total calculated
    $164,104
    From this org
    $140,410
    From related orgs
    $0
    Other
    $23,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,410
    Bonus
    $0
    Other
    $0
    Deferred
    $7,593
    Nontaxable benefits
    $16,101
    Filer's total
    $164,104

  • Dr Richelle Rennegarbe

    DIRECTOR OF DNP PROGRAMS

    Total calculated
    $126,267
    From this org
    $121,647
    From related orgs
    $0
    Other
    $4,620
    Hours/week
    40

  • David Babcock

    HEAD FOOTBALL COACH

    Total calculated
    $146,105
    From this org
    $113,686
    From related orgs
    $0
    Other
    $32,419
    Hours/week
    40

  • Stephen Kull

    VP FOR INSTITUTIONAL ADVANCEMENT

    Total calculated
    $173,960
    From this org
    $141,993
    From related orgs
    $0
    Other
    $31,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,993
    Bonus
    $0
    Other
    $0
    Deferred
    $5,901
    Nontaxable benefits
    $26,066
    Filer's total
    $173,960

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

The filer's explanations (Part III)

PART I, LINE 1A
THE UNIVERSITY PROVIDES THE UNIVERSITY PRESIDENT WITH FIRST CLASS TRAVEL (IF REQUESTED). NONE WAS REQUESTED DURING THE CURRENT TAX YEAR.
PART I, LINE 1B
ALL REIMBURSEMENTS AND ALLOWED EXPENSES ARE INCURRED BY THE PRESIDENT OF THE UNIVERSITY. THESE EXPENDITURES ARE REVIEWED BY THE PRESIDENT OF THE BOARD OF TRUSTEES. THE UNIVERSITY HAS ESTABLISHED A WRITTEN POLICY TO REQUIRE SUBSTANTIATION AND APPROVAL OF EXPENDITURES LISTED IN PART I, LINE 1A.

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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541329349301804

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