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Nonprofiteer
← PARKER UNIVERSITY

Form 990 for tax year 2024

Filed by PARKER UNIVERSITY.

Totals

Total revenue
$93,806,640
Total expenses
$94,372,640
Contributions and grants received
$4,167,061
Grants paid
$11,645,335
Program service revenue
$87,164,565
Investment income
$2,404,031
Other revenue
$70,983
Total assets, end of year
$148,241,570
Total liabilities, end of year
$23,503,532
Net assets or fund balances, end of year
$124,738,038
Program services expenses (Part IX)
$72,310,333
Management and general expenses
$21,142,064
Fundraising expenses
$920,243
Program service expenses (Part III)
$72,310,333

Program services were 76.6% 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

    $316,730

  • 1d · Related organizations

    $35,000

  • 1e · Government grants (contributions)

    $3,343,682

  • 1f · All other contributions, gifts and grants

    $471,649

  • 1g · Noncash contributions included above

    $58,029

  • 2a · Program service revenue: Tuition and Fees

    total $82,464,435 · related or exempt $82,464,435

  • 2b · Program service revenue: Educational Clinic

    total $1,504,172 · related or exempt $1,504,172

  • 2c · Program service revenue: Dining and Other Auxiliary

    total $1,143,346 · related or exempt $1,143,346

  • 2d · Program service revenue: Synapse Management Services

    total $61,200 · related or exempt $61,200

  • 2e · Program service revenue: Synapse Clinic

    total $1,991,412 · related or exempt $1,991,412

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,615,532 · excluded $1,615,532

  • 6a · Gross rents

    real property $38,875

  • 6c · Rental income or loss

    real property $38,875 · personal property $0

  • 6d · Net rental income or loss

    total $38,875 · excluded $38,875

  • 7a · Gross sales of assets other than inventory

    securities $10,634,698

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

    securities $9,846,199

  • 7c · Gain or loss

    securities $788,499 · other assets $0

  • 7d · Net gain or loss

    total $788,499 · excluded $788,499

  • 8a · Fundraising events: gross income

    $22,711

  • 8a · Fundraising events: contributions included on line 1c

    $316,730

  • 8b · Fundraising events: direct expenses

    $246,558

  • 8c · Net income from fundraising events

    total -$223,847 · excluded -$223,847

  • 10a · Gross sales of inventory

    $679,725

  • 10b · Cost of goods sold

    $521,877

  • 10c · Net income from sales of inventory

    total $157,848 · related or exempt $124,953 · unrelated business $32,895

  • 11a · Other revenue: Miscellaneous Revenue

    total $98,107 · related or exempt $93,702 · excluded $4,405

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $98,107

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,946 · program services $32,946

  • 2 · Grants to domestic individuals

    total $11,612,389 · program services $11,612,389

  • 5 · Compensation of officers, directors and key employees

    total $1,773,849 · program services $435,635 · management and general $1,206,063 · fundraising $132,151

  • 6 · Compensation of disqualified persons

    total $118,988 · program services $118,988

  • 7 · Other salaries and wages

    total $32,522,971 · program services $24,479,526 · management and general $7,675,349 · fundraising $368,096

  • 8 · Pension plan contributions

    total $1,341,151 · program services $1,072,788 · management and general $252,334 · fundraising $16,029

  • 9 · Other employee benefits

    total $4,638,019 · program services $2,783,159 · management and general $1,785,942 · fundraising $68,918

  • 10 · Payroll taxes

    total $3,213,851 · program services $2,591,576 · management and general $595,632 · fundraising $26,643

  • 11b · Fees: legal

    total $374,064 · program services $9,822 · management and general $364,242

  • 11c · Fees: accounting

    total $159,205 · management and general $159,205

  • 11d · Fees: lobbying

    total $247,500 · management and general $247,500

  • 11f · Fees: investment management

    total $165,031 · management and general $165,031

  • 11g · Fees: other

    total $2,738,758 · program services $2,079,803 · management and general $597,539 · fundraising $61,416

  • 12 · Advertising and promotion

    total $3,112,615 · program services $1,529,824 · management and general $1,574,939 · fundraising $7,852

  • 13 · Office expenses

    total $1,027,221 · program services $574,469 · management and general $437,817 · fundraising $14,935

  • 14 · Information technology

    total $3,473,292 · program services $1,238,949 · management and general $2,233,575 · fundraising $768

  • 16 · Occupancy

    total $8,291,887 · program services $6,812,743 · management and general $1,374,207 · fundraising $104,937

  • 17 · Travel

    total $970,121 · program services $691,983 · management and general $263,690 · fundraising $14,448

  • 19 · Conferences, conventions and meetings

    total $925,719 · program services $322,664 · management and general $517,811 · fundraising $85,244

  • 22 · Depreciation, depletion and amortization

    total $4,251,318 · program services $4,157,288 · management and general $75,224 · fundraising $18,806

  • 23 · Insurance

    total $1,235,038 · program services $180,814 · management and general $1,054,224

  • 24a · Other expenses: Seminar Expenses

    total $3,023,076 · program services $3,023,076

  • 24b · Other expenses: Impairment Loss on Disposal of Intangible Asset

    total $1,980,000 · program services $1,980,000

  • 24c · Other expenses: Student Life

    total $1,383,504 · program services $1,376,907 · management and general $6,597

  • 24d · Other expenses: Bad Debt Expense

    total $1,081,143 · program services $1,081,143

  • 24e · All other expenses

    total $4,678,984 · program services $4,123,841 · management and general $555,143 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,743,057 · end of year $21,771,938

  • 3 · Pledges and grants receivable

    beginning of year $132,500 · end of year $464,500

  • 4 · Accounts receivable

    beginning of year $9,856,221 · end of year $13,210,568

  • 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 $530,991 · end of year $760,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,498,849 · end of year $1,757,372

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

    $91,649,501

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

    $36,035,977

  • 10c · Land, buildings and equipment, net

    beginning of year $54,115,137 · end of year $55,613,524

  • 11 · Investments: publicly traded securities

    beginning of year $46,702,650 · end of year $52,804,642

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,884,880 · end of year $1,858,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,872,976 · end of year $20,980,997

  • 19 · Deferred revenue

    beginning of year $148,521 · end of year $218,918

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,182,669 · end of year $2,303,617

  • 27 · Net assets without donor restrictions

    beginning of year $120,140,119 · end of year $121,931,038

  • 28 · Net assets with donor restrictions

    beginning of year $2,120,000 · end of year $2,807,000

Mission and programs · 2024

Mission

PARKER UNIVERSITY IS A REGIONALLY ACCREDITED PRIVATE UNIVERSITY THAT OFFERS CERTIFICATE, UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS THROUGH MULTIPLE DELIVERY FORMATS AND LEARNING ENVIRONMENTS. THE UNIVERSITY ESPOUSES A CULTURE OF LIFELONG LEARNING, RESEARCH AND SERVICE. PARKER UNIVERSITY PROVIDES ITS DIVERSE POPULATION WITH SUPPORT SERVICES AND LEARNING OPPORTUNITIES TO DEVELOP THE NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT AND CAREER ADVANCEMENT.

Activities or mission (Part I)

PARKER UNIVERSITY IS A LEADING HEALTHCARE EDUCATOR, DEVELOPING SKILLED AND COMPASSIONATE PROFESSIONALS IN CHIROPRACTIC, ALLIED HEALTH AND BUSINESS-RELATED FIELDS.

  • THE UNIVERSITY'S DOCTOR OF CHIROPRACTIC PROGRAM IS BOTH RIGOROUS AND COMPREHENSIVE, LEVERAGING THE LATEST RESEARCH AND TECHNOLOGY AND FEATURING A RESEARCH FACILITY AND AN INTEGRATED CLINICAL EXPERIENCE AT ONE OF ITS TWO PUBLIC CLINICS OR THROUGH OFFSITE INTERNSHIPS AT PARTICIPATING HOSPITALS AND PRIVATE PRACTICES. THE PROGRAM IS DESIGNED TO DEVELOP SKILLED PROFESSIONALS DEVOTED TO THE PRACTICE OF COMPASSIONATE, PATIENT-CENTERED AND EVIDENCE-BASED CARE.

    Expenses $37,680,218 · Grants $2,080,756 · Revenue $62,726,102

  • THE UNIVERSITY OFFERS CERTIFICATE, UNDERGRADUATE, AND GRADUATE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS IN ITS COLLEGE OF HEALTH SCIENCES AND ITS COLLEGE OF BUSINESS AND TECHNOLOGY. SUCH PROGRAMS FEATURE DYNAMIC LEARNING ENVIRONMENTS AND OFFER MULTIPLE DELIVERY FORMATS.

    Expenses $24,623,704 · Grants $9,564,579 · Revenue $19,605,654

  • PARKER UNIVERSITY PROVIDES ETHICAL, WELL RESEARCHED, AND RELEVANT CONTINUING EDUCATION TO HEALTH AND WELLNESS PROFESSIONALS IN THE VIRTUAL CLASSROOM OR AT ONE OF ITS VARIOUS SEMINARS HOSTED ANNUALLY IN DALLAS OR LAS VEGAS.

    Expenses $6,779,333 · Revenue $2,743,493

  • Synapse Management Services

    Expenses $3,227,078 · Revenue $2,307,971

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

Listed in Part VII

  • George Linscott

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • John Huston

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Patrick Mahaffey

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Robert Rosenbaum MD FAANS

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Steven W Brooks DC

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Amy Wood DC

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Dilhar De Silva

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gery Hochanadel PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joseph Seabrooks

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Oliver Smith Jr DC

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Richard Harris

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sean McKenna

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Shelby Loughridge

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tony DeRamus

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Vincent Scheffler DC CCSP

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Donald L McNutt

    VP/COO

    Total calculated
    $371,276
    From this org
    $326,005
    From related orgs
    $0
    Other
    $45,271
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $294,735
    Bonus
    $29,000
    Other
    $2,270
    Deferred
    $19,560
    Nontaxable benefits
    $25,711
    Filer's total
    $371,276

  • Jayne Moschella DC

    EVP/Provost

    Total calculated
    $435,635
    From this org
    $386,502
    From related orgs
    $0
    Other
    $49,133
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $320,414
    Bonus
    $31,500
    Other
    $34,588
    Deferred
    $19,225
    Nontaxable benefits
    $29,908
    Filer's total
    $435,635

  • Jeanne Marie Reese

    CFO

    Total calculated
    $306,184
    From this org
    $261,831
    From related orgs
    $0
    Other
    $44,353
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $239,780
    Bonus
    $20,000
    Other
    $2,051
    Deferred
    $14,387
    Nontaxable benefits
    $29,966
    Filer's total
    $306,184

  • William E Morgan DC

    President

    Total calculated
    $660,754
    From this org
    $614,402
    From related orgs
    $0
    Other
    $46,352
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $516,667
    Bonus
    $50,000
    Other
    $47,735
    Deferred
    $20,700
    Nontaxable benefits
    $25,652
    Filer's total
    $660,754

  • Christopher Michael Williams

    CMO

    Total calculated
    $260,059
    From this org
    $237,228
    From related orgs
    $0
    Other
    $22,831
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,048
    Bonus
    $25,000
    Other
    $180
    Deferred
    $12,723
    Nontaxable benefits
    $10,108
    Filer's total
    $260,059

  • James Donald Dishman

    Dean of clinical Neurosciences and Special Projects

    Total calculated
    $283,355
    From this org
    $245,715
    From related orgs
    $0
    Other
    $37,640
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,081
    Bonus
    $0
    Other
    $115,634
    Deferred
    $7,805
    Nontaxable benefits
    $29,835
    Filer's total
    $283,355

  • Patrick B Bodnar

    Assistant Provost

    Total calculated
    $209,104
    From this org
    $172,094
    From related orgs
    $0
    Other
    $37,010
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,378
    Bonus
    $0
    Other
    $716
    Deferred
    $11,320
    Nontaxable benefits
    $25,690
    Filer's total
    $209,104

  • Sandra McClean

    VP of Culture Stategy

    Total calculated
    $255,812
    From this org
    $231,083
    From related orgs
    $0
    Other
    $24,729
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,075
    Bonus
    $20,500
    Other
    $2,508
    Deferred
    $12,484
    Nontaxable benefits
    $12,245
    Filer's total
    $255,812

  • Trevor Kyle Jones

    CIO

    Total calculated
    $251,534
    From this org
    $221,270
    From related orgs
    $0
    Other
    $30,264
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,000
    Bonus
    $15,000
    Other
    $270
    Deferred
    $12,360
    Nontaxable benefits
    $17,904
    Filer's total
    $251,534

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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses
THE UNIVERSITY'S BYLAWS ESTABLISH THE SOLE AUTHORITY OF THE BOARD TO DESIGN AND ESTABLISH THE COMPENSATION PACKAGE OF THE PRESIDENT, INCLUDING THE PAYMENT OF BONUSES. DURING THE FISCAL YEAR, THE UNIVERSITY PUBLISHED A WRITTEN POLICY FOR THE GROSS UP OF BONUSES PAID TO EMPLOYEES.
Schedule J, Part I, Line 7 Non-fixed payments
THE EXECUTIVE COMMITTEE RECOMMENDS AND BOARD OF TRUSTEES MUST APPROVE BONUSES PAID TO THE PRESIDENT. PERFORMANCE-BASED BONUSES ARE PAID TO KEY EMPLOYEES AT THE DISCRETION OF THE PRESIDENT.
Schedule J, Part I, Line 1a Benefits Provided to Individuals
THE UNIVERSITY DURING THE TAX YEAR GROSSED UP BONUSES PAID TO ITS EMPLOYEES, INCLUDING BUT NOT LIMITED TO LISTED PERSONS. THE ORGANIZATION PROVIDES BENEFITS AS INDICATED IN LINE 1A TO THE ORGANIZATION'S PRESIDENT WILLIAM MORGAN AS PART OF HIS TAXABLE COMPENSATION: HOUSING ALLOWANCE AND SPOUSAL TRAVEL.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.1
Source object
202611669349301081

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