Totals
- Total revenue
- $156,241,774
- Total expenses
- $139,864,549
- Contributions and grants received
- $18,686,339
- Grants paid
- $9,542,723
- Program service revenue
- $129,776,102
- Investment income
- $6,436,244
- Other revenue
- $1,343,089
- Total assets, end of year
- $204,585,293
- Total liabilities, end of year
- $60,664,247
- Net assets or fund balances, end of year
- $143,921,046
- Program services expenses (Part IX)
- $126,463,117
- Management and general expenses
- $11,599,631
- Fundraising expenses
- $1,801,801
- Program service expenses (Part III)
- $126,463,117
Program services were 90.4% 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)
$14,783,570
-
1f · All other contributions, gifts and grants
$3,902,769
-
1g · Noncash contributions included above
$25,219
-
2a · Program service revenue: TUITION AND FEES
total $124,939,528 · related or exempt $124,939,528
-
2b · Program service revenue: SALES AND SERVICES OF EDUCATIONAL ACTIVITES
total $2,616,034 · related or exempt $2,616,034
-
2c · Program service revenue: AUXILIARY ENTERPRISES
total $2,220,540 · related or exempt $2,220,540
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,469,814 · excluded $2,469,814
-
6a · Gross rents
real property $80,952
-
6b · Less rental expenses
real property $162,970
-
6c · Rental income or loss
real property -$82,018 · personal property $0
-
6d · Net rental income or loss
total -$82,018 · related or exempt -$82,018
-
7a · Gross sales of assets other than inventory
securities $3,966,430
-
7c · Gain or loss
securities $3,966,430 · other assets $0
-
7d · Net gain or loss
total $3,966,430 · excluded $3,966,430
-
11a · Other revenue: OTHER
total $1,425,107 · related or exempt $1,425,107
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,425,107
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $9,542,723 · program services $9,542,723
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,457,644 · program services $867,298 · management and general $437,293 · fundraising $153,053
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $69,865,872 · program services $62,526,659 · management and general $6,392,478 · fundraising $946,735
-
8 · Pension plan contributions
total $2,367,712 · program services $2,119,195 · management and general $216,459 · fundraising $32,058
-
9 · Other employee benefits
total $10,950,685 · program services $9,799,541 · management and general $1,002,650 · fundraising $148,494
-
10 · Payroll taxes
total $5,119,525 · program services $4,582,176 · management and general $468,033 · fundraising $69,316
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $88,098 · program services $0 · management and general $88,098 · fundraising $0
-
11c · Fees: accounting
total $98,402 · program services $0 · management and general $98,402 · fundraising $0
-
11d · Fees: lobbying
total $64,307 · program services $0 · management and general $64,307 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $246,184 · program services $0 · management and general $246,184 · fundraising $0
-
11g · Fees: other
total $6,839,669 · program services $6,180,289 · management and general $557,921 · fundraising $101,459
-
12 · Advertising and promotion
total $7,952,943 · program services $7,755,098 · management and general $78,381 · fundraising $119,464
-
13 · Office expenses
total $1,555,566 · program services $1,123,827 · management and general $430,522 · fundraising $1,217
-
14 · Information technology
total $2,609,987 · program services $2,336,041 · management and general $238,608 · fundraising $35,338
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $7,012,898 · program services $6,461,662 · management and general $480,128 · fundraising $71,108
-
17 · Travel
total $952,902 · program services $906,760 · management and general $34,468 · fundraising $11,674
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,564,861 · program services $1,422,105 · management and general $128,776 · fundraising $13,980
-
20 · Interest
total $825,747 · program services $738,344 · management and general $76,128 · fundraising $11,275
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,657,800 · program services $2,376,477 · management and general $245,033 · fundraising $36,290
-
23 · Insurance
total $575,347 · program services $514,959 · management and general $52,598 · fundraising $7,790
-
24a · Other expenses: BAD DEBT
total $3,722,567 · program services $3,722,567 · management and general $0 · fundraising $0
-
24b · Other expenses: INSTRUCTIONAL MATERIALS
total $1,293,985 · program services $1,269,963 · management and general $15,649 · fundraising $8,373
-
24c · Other expenses: UTILITIES
total $1,115,502 · program services $998,418 · management and general $101,981 · fundraising $15,103
-
24d · Other expenses: (MISCELLANEOUS)
total $1,383,623 · program services $1,219,015 · management and general $145,534 · fundraising $19,074
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $16,099,508 · end of year $25,590,974
-
3 · Pledges and grants receivable
beginning of year $210,000 · end of year $134,000
-
4 · Accounts receivable
beginning of year $19,403,369 · end of year $30,917,223
-
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 $231,775 · end of year $140,846
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,465,517 · end of year $2,345,507
-
10a · Land, buildings and equipment: cost or other basis
$95,789,060
-
10b · Land, buildings and equipment: accumulated depreciation
$38,402,751
-
10c · Land, buildings and equipment, net
beginning of year $56,572,034 · end of year $57,386,309
-
11 · Investments: publicly traded securities
beginning of year $62,190,937 · end of year $74,488,766
-
12 · Investments: other securities
beginning of year $5,209,298 · end of year $6,252,463
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $2,529,514 · end of year $7,329,205
-
17 · Accounts payable and accrued expenses
beginning of year $6,683,445 · end of year $4,841,195
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $9,097,228 · end of year $27,678,602
-
20 · Tax-exempt bond liabilities
beginning of year $20,958,557 · end of year $19,910,731
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
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 $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,239,325 · end of year $8,233,719
-
27 · Net assets without donor restrictions
beginning of year $105,444,035 · end of year $123,215,259
-
28 · Net assets with donor restrictions
beginning of year $19,489,362 · end of year $20,705,787
Mission and programs · 2024
Mission
NATIONAL LOUIS UNIVERSITY IS AN INCLUSIVE, INNOVATIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES THAT INSPIRE AND EMPOWER ALL LEARNERS AS THEY PREPARE FOR AND ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS.
Activities or mission (Part I)
NLU IS AN INCLUSIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES TO INSPIRE & EMPOWER LEARNERS TO PREPARE FOR & ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS.
-
INSTRUCTION - THE UNIVERSITY SERVED 12,700 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION.
Expenses $113,158,179 · Grants $9,542,723 · Revenue $131,119,191
-
PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY.
Expenses $10,779,811
-
RESEARCH - THE UNIVERSITY RECEIVES A NUMBER OF GRANTS THAT FUNDS RESEARCH PERFORMED TO FIND NEW WAYS TO HELP THE COMMUNITY BY INFORMING FUTURE INSTRUCTION AND EDUCATIONAL PRACTICES.
Expenses $2,525,127
As filed on the 2024 return.
Listed in Part VII
-
Andrea SaenzANDREA SAENZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bruce HamptonBRUCE HAMPTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Celena SarilloCELENA SARILLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cornelius GriggsCORNELIUS GRIGGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ian G RossIAN G ROSS
TRUSTEE, CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 4
-
J Michael LockeJ MICHAEL LOCKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack D FurstJACK D FURST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James A Floyd JrJAMES A FLOYD JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Juan C AvilaJUAN C AVILA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie ChavezJULIE CHAVEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin T MarquardtJUSTIN T MARQUARDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Louise L PerrinLOUISE L PERRIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle L CollinsMICHELLE L COLLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Natasha GalavottiNATASHA GALAVOTTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Oliver R MerrillOLIVER R MERRILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Penny BrownPENNY BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter A KadensPETER A KADENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter B CherecwichPETER B CHERECWICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J FormoloTHOMAS J FORMOLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Diane TrauschDIANE TRAUSCH
SEC. AND DIR. OF BOARD RELATIONS
- Total calculated
- $125,123
- From this org
- $94,349
- From related orgs
- $0
- Other
- $30,774
- Hours/week
- 50
-
Eddie PhillipsEDDIE PHILLIPS
PROVOST
- Total calculated
- $353,677
- From this org
- $336,103
- From related orgs
- $0
- Other
- $17,574
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $300,038
- Bonus
- $36,005
- Other
- $60
- Deferred
- $17,364
- Nontaxable benefits
- $210
- Filer's total
- $353,677
-
Marty MickeyMARTY MICKEY
TREASURER AND VP, FINANCE
- Total calculated
- $286,405
- From this org
- $226,818
- From related orgs
- $0
- Other
- $59,587
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $194,535
- Bonus
- $31,887
- Other
- $396
- Deferred
- $12,673
- Nontaxable benefits
- $46,914
- Filer's total
- $286,405
-
Nivine MegahedNIVINE MEGAHED
PRESIDENT
- Total calculated
- $792,430
- From this org
- $643,552
- From related orgs
- $0
- Other
- $148,878
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $542,790
- Bonus
- $100,000
- Other
- $762
- Deferred
- $120,800
- Nontaxable benefits
- $28,078
- Filer's total
- $792,430
-
Carolyn Theard-GriggsCAROLYN THEARD-GRIGGS
DEAN OF NCE
- Total calculated
- $245,922
- From this org
- $202,808
- From related orgs
- $0
- Other
- $43,114
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $174,455
- Bonus
- $18,746
- Other
- $9,607
- Deferred
- $9,980
- Nontaxable benefits
- $33,134
- Filer's total
- $245,922
-
Christopher ChantsonCHRISTOPHER CHANTSON
VP, INSTITUTIONAL ADVANCEMENT
- Total calculated
- $229,855
- From this org
- $207,491
- From related orgs
- $0
- Other
- $22,364
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $184,798
- Bonus
- $22,603
- Other
- $90
- Deferred
- $11,247
- Nontaxable benefits
- $11,117
- Filer's total
- $229,855
-
John Mazariegos
Executive Director of Information Security
- Total calculated
- $239,599
- From this org
- $220,629
- From related orgs
- $0
- Other
- $18,970
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $201,539
- Bonus
- $19,000
- Other
- $90
- Deferred
- $11,129
- Nontaxable benefits
- $7,841
- Filer's total
- $239,599
-
Richard YaconisRICHARD YACONIS
VP. ENROLLMENT AND MARKETING
- Total calculated
- $275,560
- From this org
- $239,433
- From related orgs
- $0
- Other
- $36,127
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $206,731
- Bonus
- $32,306
- Other
- $396
- Deferred
- $12,860
- Nontaxable benefits
- $23,267
- Filer's total
- $275,560
-
Thomas BergmannTHOMAS BERGMANN
VP, HUMAN RESOURCES
- Total calculated
- $230,959
- From this org
- $216,489
- From related orgs
- $0
- Other
- $14,470
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $196,230
- Bonus
- $19,863
- Other
- $396
- Deferred
- $11,860
- Nontaxable benefits
- $2,610
- Filer's total
- $230,959
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 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
- 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 Health or social club dues or initiation fees
- THE UNIVERSITY HAS A MEMBERSHIP IN A LOCAL SOCIAL CLUB THAT IS IN THE PRESIDENT'S NAME WHICH IS FOR THE PURPOSE OF HELPING PROMOTE AND CONDUCT BUSINESS ON BEHALF OF THE UNIVERSITY. THE SOCIAL CLUB MEMBERSHIP IS USED 100 PERCENT FOR BUSINESS AND THE PRESIDENT USES THE ACCOUNTABLE PLAN RULES FOR DOCUMENTING THE BUSINESS USE.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- THE UNIVERSITY CURRENTLY HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE WITH THE UNIVERSITY'S PRESIDENT WHEREBY THE UNIVERSITY MAKES AN ANNUAL CONTRIBUTION INTO THE PLAN WHERE THE FUNDS ARE INVESTED IN ACCORDANCE WITH THE PLAN GUIDELINES. FOR CALENDAR YEAR 2024, THE UNIVERSITY CONTRIBUTED $100,000 INTO THE PLAN. $100,000 OF DEFERRED COMPENSATION IS REPORTED IN SCHEDULE J PART II COLUMN C. THE PLAN CURRENTLY PROVIDES THAT IF THE UNIVERSITY PRESIDENT REMAINS EMPLOYED BY THE UNIVERSITY FOR THREE YEARS AND ACHIEVES CERTAIN OBJECTIVES, THE BALANCE IN THE PLAN AT THE END OF SUCH THREE-YEAR PERIOD VESTS AND IS PAID TO THE UNIVERSITY PRESIDENT AT THAT TIME. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN THE FISCAL YEAR ENDED 6/30/25.
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.
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 TRUST (1)
Trust · CRT · IL
Directly controlled by NLU
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 March 2026
- IRS schema version
- 2024v5.1
- Source object
- 202610869349300311
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