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Nonprofiteer
← THE CEDARVILLE UNIVERSITY

Form 990 for tax year 2024

Filed by THE CEDARVILLE UNIVERSITY.

Totals

Total revenue
$240,765,832
Total expenses
$210,980,598
Contributions and grants received
$30,148,770
Grants paid
$80,073,202
Program service revenue
$204,457,454
Investment income
$6,153,957
Other revenue
$5,651
Total assets, end of year
$365,354,316
Total liabilities, end of year
$24,834,255
Net assets or fund balances, end of year
$340,520,061
Program services expenses (Part IX)
$188,523,317
Management and general expenses
$19,373,203
Fundraising expenses
$3,084,078
Program service expenses (Part III)
$188,523,317

Program services were 89.4% 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)

    $1,783,230

  • 1f · All other contributions, gifts and grants

    $28,365,540

  • 1g · Noncash contributions included above

    $16,550,531

  • 2a · Program service revenue: TUITION AND FEES

    total $165,271,478 · related or exempt $165,271,478

  • 2b · Program service revenue: AUXILIARY FEES

    total $37,146,071 · related or exempt $37,146,071

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $2,039,905 · related or exempt $2,039,905

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,001,205 · excluded $6,001,205

  • 6a · Gross rents

    real property $5,651

  • 6c · Rental income or loss

    real property $5,651 · personal property $0

  • 6d · Net rental income or loss

    total $5,651 · excluded $5,651

  • 7a · Gross sales of assets other than inventory

    securities $30,449,968 · other assets $6,000

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

    securities $30,298,602 · other assets $4,614

  • 7c · Gain or loss

    securities $151,366 · other assets $1,386

  • 7d · Net gain or loss

    total $152,752 · excluded $152,752

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $80,073,202 · program services $80,073,202

  • 5 · Compensation of officers, directors and key employees

    total $2,124,984 · program services $609,446 · management and general $1,271,259 · fundraising $244,279

  • 7 · Other salaries and wages

    total $46,226,194 · program services $42,602,253 · management and general $2,410,520 · fundraising $1,213,421

  • 8 · Pension plan contributions

    total $5,246,729 · program services $4,472,604 · management and general $623,247 · fundraising $150,878

  • 9 · Other employee benefits

    total $12,568,947 · program services $10,553,613 · management and general $1,659,319 · fundraising $356,015

  • 10 · Payroll taxes

    total $3,536,339 · program services $3,014,572 · management and general $420,074 · fundraising $101,693

  • 11b · Fees: legal

    total $39,664 · management and general $39,664

  • 11c · Fees: accounting

    total $63,750 · management and general $63,750

  • 11e · Fees: professional fundraising services

    total $12,500 · fundraising $12,500

  • 11f · Fees: investment management

    total $181,635 · management and general $181,635

  • 11g · Fees: other

    total $14,897,991 · program services $14,673,962 · management and general $212,917 · fundraising $11,112

  • 12 · Advertising and promotion

    total $533,492 · program services $511,421 · management and general $2,716 · fundraising $19,355

  • 13 · Office expenses

    total $14,620,848 · program services $9,526,416 · management and general $4,405,673 · fundraising $688,759

  • 14 · Information technology

    total $1,936,026 · program services $1,929,360 · management and general $4,151 · fundraising $2,515

  • 16 · Occupancy

    total $13,298,653 · program services $7,500,595 · management and general $5,789,629 · fundraising $8,429

  • 17 · Travel

    total $1,386,363 · program services $1,195,580 · management and general $88,408 · fundraising $102,375

  • 19 · Conferences, conventions and meetings

    total $1,588,173 · program services $1,241,853 · management and general $173,573 · fundraising $172,747

  • 22 · Depreciation, depletion and amortization

    total $10,646,647 · program services $9,614,176 · management and general $1,032,471

  • 23 · Insurance

    total $998,951 · program services $4,754 · management and general $994,197

  • 24a · Other expenses: Student Fees

    total $736,335 · program services $736,335

  • 24b · Other expenses: Study Abroad Program

    total $141,196 · program services $141,196

  • 24c · Other expenses: Bad debt

    total $121,979 · program services $121,979

  • 24e · All other expenses

    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 $20,994 · end of year $25,013

  • 2 · Savings and temporary cash investments

    beginning of year $27,348,518 · end of year $16,645,002

  • 4 · Accounts receivable

    beginning of year $2,506,432 · end of year $2,954,874

  • 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

  • 8 · Inventories for sale or use

    beginning of year $1,198,624 · end of year $1,032,107

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,125,787 · end of year $2,677,004

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

    $391,235,707

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

    $171,861,000

  • 10c · Land, buildings and equipment, net

    beginning of year $217,303,356 · end of year $219,374,707

  • 11 · Investments: publicly traded securities

    beginning of year $85,483,088 · end of year $120,964,923

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $1,516,468 · end of year $1,417,835

  • 15 · Other assets

    beginning of year $402,391 · end of year $262,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,275,913 · end of year $10,559,824

  • 19 · Deferred revenue

    beginning of year $2,560,228 · end of year $2,619,888

  • 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 $8,198,412 · end of year $7,261,081

  • 25 · Other liabilities

    beginning of year $4,683,341 · end of year $4,393,462

  • 27 · Net assets without donor restrictions

    beginning of year $241,469,904 · end of year $256,141,070

  • 28 · Net assets with donor restrictions

    beginning of year $66,717,860 · end of year $84,378,991

Mission and programs · 2024

Mission

CEDARVILLE UNIVERSITY TRANSFORMS LIVES THROUGH EXCELLENT EDUCATION AND INTENTIONAL DISCIPLESHIP IN SUBMISSION TO BIBLICAL AUTHORITY. THE UNIVERSITY ACHIEVES ITS MISSION BY ACCOMPLISHING PORTRAIT STATEMENTS WHICH REFLECT CHARACTERISTICS OF A CEDARVILLE UNIVERSITY GRADUATE.

Activities or mission (Part I)

CEDARVILLE UNIVERSITY TRANSFORMS LIVES THROUGH EXCELLENT EDUCATION AND INTENTIONAL DISCIPLESHIP IN SUBMISSION TO BIBLICAL AUTHORITY.

  • STUDENT AID: EXCELLENCE IS EXPECTED FROM EVERYONE AT CEDARVILLE. WE PROVIDE STUDENTS IN EACH OF OUR 175 AREAS OF STUDY THE RESOURCES AND SUPPORT NECESSARY TO MEET OUR COMMUNITY'S HIGH STANDARDS FOR ACADEMIC ACHIEVEMENT. GRADUATES EMERGE FROM CEDARVILLE WELL-PREPARED TO SUCCEED IN A HIGHLY COMPETITIVE PROFESSIONAL ENVIRONMENT. AS A RESULT, WE ARE TAKING OUR WELL-EARNED PLACE AS ONE OF THE NATION'S BEST COLLEGES.

    Expenses $80,073,202 · Grants $80,073,202

  • INSTRUCTION AND ACADEMIC SUPPORT: LOCATED IN SOUTHWEST OHIO, CEDARVILLE UNIVERSITY IS AN ACCREDITED, CHRIST-CENTERED, BAPTIST INSTITUTION WITH AN ENROLLMENT OF 7,265 UNDERGRADUATE, GRADUATE AND ONLINE STUDENTS IN MORE THAN 175 AREAS OF STUDY. FOUNDED IN 1887, CEDARVILLE IS RECOGNIZED NATIONALLY FOR ITS AUTHENTIC CHRISTIAN COMMUNITY, RIGOROUS ACADEMIC PROGRAMS, STRONG GRADUATION AND RETENTION RATES, ACCREDITED PROFESSIONAL AND HEALTH SCIENCE OFFERINGS AND HIGH STUDENT ENGAGEMENT RANKING.

    Expenses $75,339,051 · Revenue $166,937,036

  • AUXILIARY SERVICES: CEDARVILLE IS COMMITTED TO THE DEVELOPMENT OF THE WHOLE PERSON. FROM OUR STUDENT LIFE INITIATIVES TO OUR CURRICULUM DESIGN, ALL OF OUR STRUCTURES AND STRATEGIES HAVE BEEN DEVELOPED TO PRODUCE GRADUATES WHO WILL POSSESS THE EXPERTISE AND CHARACTER NEEDED TO ENGAGE THEIR PROFESSIONAL, SOCIAL AND POLITICAL SPHERES-OF-INFLUENCE WITH TRUTH FROM GOD'S UNCHANGING WORD.

    Expenses $20,904,628 · Revenue $37,520,418

  • STUDENT SERVICES: AT CEDARVILLE, WE ARE A COMMUNITY OF BELIEVERS ACCOUNTABLE TO ONE ANOTHER, CALLED TO REFLECT THE CHARACTER OF JESUS CHRIST AND TO BE OBEDIENT TO HIS WORD. WE WILL BE FAITHFUL IN OUR SUPPORT FOR THE LOCAL CHURCH AND IN OUR PRACTICE OF SPIRITUAL DISCIPLINES. WE WILL PRACTICE BIBLICAL PRINCIPLES OF ENCOURAGEMENT, EXHORTATION, AND RECONCILIATION. WE COMMIT OURSELVES TO INTEGRITY, KINDNESS, PURITY, AND SELF-CONTROL AND TO CONTINUAL GROWTH IN SCHOLARSHIP, LEADERSHIP, AND SERVICE.

    Expenses $12,206,436

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

Listed in Part VII

  • DR COREY ABNEY

    TRUSTEE - SECRETARY

    Total calculated
    $37,404
    From this org
    $37,404
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MR DANIEL PETEK

    TRUSTEE - CHAIRMAN

    Total calculated
    $17,939
    From this org
    $17,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MR KENNETH DAVID BANE

    TRUSTEE - TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT WYNALDA

    TRUSTEE-VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DR DEFORIA LANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR DOMINIC MCKINLEY

    TRUSTEE

    Total calculated
    $1,110
    From this org
    $1,110
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DR DON LOUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR HAYES WICKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR JAMES HILTON

    TRUSTEE

    Total calculated
    $17,798
    From this org
    $17,798
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DR JASON DUESING

    TRUSTEE

    Total calculated
    $21,828
    From this org
    $21,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LT COL DAVID CARR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR DANIEL GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR DAVID DYKEMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR EVAN ENGLISH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JONATHAN PRICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR NATHAN LINO

    TRUSTEE

    Total calculated
    $41,803
    From this org
    $41,803
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MR PAUL DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR TIMOTHY KNIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR WARREN JENKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MRS CONNIE JENKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV BRIAN WHITE

    TRUSTEE

    Total calculated
    $9,804
    From this org
    $9,804
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • REV JEFFORY WILLETTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV JOEL WAYNE

    TRUSTEE

    Total calculated
    $26,889
    From this org
    $26,889
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • REV RANDY PATTEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV WILLIAM BERNHARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER CROSS

    VP OF ATHLETICS

    Total calculated
    $139,718
    From this org
    $116,342
    From related orgs
    $0
    Other
    $23,376
    Hours/week
    40

  • CHRISTOPHER SOHN

    VP OF BUSINESS CFO

    Total calculated
    $277,697
    From this org
    $232,372
    From related orgs
    $0
    Other
    $45,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,366
    Bonus
    $1,000
    Other
    $2,006
    Deferred
    $28,219
    Nontaxable benefits
    $17,106
    Filer's total
    $277,697

  • JANICE SUPPLEE

    VP MARKETING

    Total calculated
    $195,510
    From this org
    $171,401
    From related orgs
    $0
    Other
    $24,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,831
    Bonus
    $1,000
    Other
    $1,570
    Deferred
    $20,801
    Nontaxable benefits
    $3,308
    Filer's total
    $195,510

  • JONATHAN WOOD

    VP STUDENT LIFE

    Total calculated
    $228,539
    From this org
    $143,011
    From related orgs
    $0
    Other
    $85,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,443
    Bonus
    $1,000
    Other
    $568
    Deferred
    $37,471
    Nontaxable benefits
    $48,057
    Filer's total
    $228,539

  • ROBERT LUTZ

    VP FOR STRATEGIC INITIATIVES (BEGAN 9/30/24)

    Total calculated
    $50,131
    From this org
    $39,686
    From related orgs
    $0
    Other
    $10,445
    Hours/week
    40

  • SCOTT VAN LOO

    VP ENROLLMENT MGMT

    Total calculated
    $278,309
    From this org
    $224,254
    From related orgs
    $0
    Other
    $54,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,659
    Bonus
    $1,000
    Other
    $1,595
    Deferred
    $27,209
    Nontaxable benefits
    $26,846
    Filer's total
    $278,309

  • THOMAS MACH

    VP ACADEMICS

    Total calculated
    $275,478
    From this org
    $230,416
    From related orgs
    $0
    Other
    $45,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,410
    Bonus
    $1,000
    Other
    $2,006
    Deferred
    $27,956
    Nontaxable benefits
    $17,106
    Filer's total
    $275,478

  • THOMAS WHITE

    PRESIDENT

    Total calculated
    $478,530
    From this org
    $390,172
    From related orgs
    $0
    Other
    $88,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,011
    Bonus
    $1,000
    Other
    $2,161
    Deferred
    $53,128
    Nontaxable benefits
    $35,230
    Filer's total
    $478,530

  • WILLIAM SMALLWOOD

    VP ADVANCEMENT

    Total calculated
    $253,007
    From this org
    $212,518
    From related orgs
    $0
    Other
    $40,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,593
    Bonus
    $1,000
    Other
    $1,925
    Deferred
    $18,906
    Nontaxable benefits
    $21,583
    Filer's total
    $253,007

  • ALEDA CHEN

    PROFESSOR OF PHARMACY SCIENCE

    Total calculated
    $178,450
    From this org
    $159,359
    From related orgs
    $0
    Other
    $19,091
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,895
    Bonus
    $1,000
    Other
    $464
    Deferred
    $19,091
    Nontaxable benefits
    $0
    Filer's total
    $178,450

  • JASON GRAHAME

    DIRECTOR OF PA PROGRAM

    Total calculated
    $247,245
    From this org
    $157,455
    From related orgs
    $0
    Other
    $89,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,762
    Bonus
    $1,000
    Other
    $693
    Deferred
    $19,517
    Nontaxable benefits
    $70,273
    Filer's total
    $247,245

  • JEFFERY BATES

    PROF OF PHARM SCIENCE

    Total calculated
    $230,729
    From this org
    $182,272
    From related orgs
    $0
    Other
    $48,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,637
    Bonus
    $1,000
    Other
    $1,635
    Deferred
    $22,166
    Nontaxable benefits
    $26,291
    Filer's total
    $230,729

  • JUSTIN COLE

    PROF OF PHARM SCIENCE

    Total calculated
    $197,165
    From this org
    $155,101
    From related orgs
    $0
    Other
    $42,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,631
    Bonus
    $1,000
    Other
    $470
    Deferred
    $19,111
    Nontaxable benefits
    $22,953
    Filer's total
    $197,165

  • SETH HAMMAN

    PROF OF CYBER OPERATIONS

    Total calculated
    $249,348
    From this org
    $198,761
    From related orgs
    $0
    Other
    $50,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,386
    Bonus
    $1,000
    Other
    $375
    Deferred
    $24,296
    Nontaxable benefits
    $26,291
    Filer's total
    $249,348

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 · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
THE UNIVERSITY'S PRESIDENT IS PROVIDED WITH A UNIVERSITY OWNED HOUSE THAT QUALIFIES AS NON-TAXABLE HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE HOUSE IS SERVICED BY THE UNIVERSITY'S CUSTODIAL, GROUNDS, AND MAINTENANCE DEPARTMENTS. THESE BENEFITS ARE EXCLUDED FROM TAXABLE INCOME TO THE EXTENT THAT THEY MEET THE SECTION 119 REQUIREMENTS. HEALTH/SOCIAL CLUB DUES ARE PAID ON BEHALF OF THE VP FOR ENROLLMENT MANAGEMENT AND THE PRESIDENT. THIS BENEFIT IS INCLUDED IN TAXABLE COMPENSATION.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CEDAR CARE LLC

    PHARMACY · OH · income $0 · assets $0

    Directly controlled by CEDARVILLE

  • IN PROGRESS LLC

    MANAGE PROP. · OH · income $42,099 · assets $1,088,515

    Directly controlled by CEDARVILLE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (16)

    Trust · CHARITABLE TRUSTS · OH

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
19 December 2025
IRS schema version
2024v5.1
Source object
202523539349300912

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