Totals
- Total revenue
- $58,517,118
- Total expenses
- $63,174,265
- Contributions and grants received
- $4,299,463
- Grants paid
- $28,413,363
- Program service revenue
- $53,243,628
- Investment income
- $977,801
- Other revenue
- -$3,774
- Total assets, end of year
- $72,241,185
- Total liabilities, end of year
- $22,021,275
- Net assets or fund balances, end of year
- $50,219,910
- Program services expenses (Part IX)
- $56,167,206
- Management and general expenses
- $6,143,791
- Fundraising expenses
- $863,268
- Program service expenses (Part III)
- $56,167,206
Program services were 88.9% 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
$29,633
-
1e · Government grants (contributions)
$709,348
-
1f · All other contributions, gifts and grants
$3,560,482
-
2a · Program service revenue: TUITION AND FEES
total $46,391,807 · related or exempt $46,391,807
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $6,533,898 · related or exempt $6,533,898
-
2c · Program service revenue: EDUCATIONAL ACTIVITIES
total $81,376 · related or exempt $81,376
-
2d · Program service revenue: MISC. STUDENT PROGRAMS
total $16,747 · related or exempt $16,747
-
2e · Program service revenue: CONFERENCES
total $6,204 · related or exempt $6,204
-
2f · All other program service revenue
total $213,596 · related or exempt $213,596
-
3 · Investment income
total $361,832 · excluded $361,832
-
6a · Gross rents
real property $6,040
-
6b · Less rental expenses
real property $3,268
-
6c · Rental income or loss
real property $2,772
-
6d · Net rental income or loss
total $2,772 · excluded $2,772
-
7a · Gross sales of assets other than inventory
securities $4,048,742
-
7b · Less cost or other basis and sales expenses
securities $3,432,773
-
7c · Gain or loss
securities $615,969
-
7d · Net gain or loss
total $615,969 · excluded $615,969
-
8a · Fundraising events: gross income
$12,892
-
8a · Fundraising events: contributions included on line 1c
$29,633
-
8b · Fundraising events: direct expenses
$19,438
-
8c · Net income from fundraising events
total -$6,546 · excluded -$6,546
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $28,413,363 · program services $28,413,363
-
5 · Compensation of officers, directors and key employees
total $588,711 · program services $469,952 · management and general $104,141 · fundraising $14,618
-
7 · Other salaries and wages
total $13,003,189 · program services $10,380,091 · management and general $2,300,231 · fundraising $322,867
-
8 · Pension plan contributions
total $289,817 · program services $231,353 · management and general $51,268 · fundraising $7,196
-
9 · Other employee benefits
total $3,164,138 · program services $2,525,845 · management and general $559,728 · fundraising $78,565
-
10 · Payroll taxes
total $900,743 · program services $719,039 · management and general $159,339 · fundraising $22,365
-
11b · Fees: legal
total $3,199 · program services $2,554 · management and general $566 · fundraising $79
-
11c · Fees: accounting
total $82,632 · program services $65,963 · management and general $14,617 · fundraising $2,052
-
11f · Fees: investment management
total $47,769 · program services $38,133 · management and general $8,450 · fundraising $1,186
-
11g · Fees: other
total $580,471 · program services $463,374 · management and general $102,684 · fundraising $14,413
-
12 · Advertising and promotion
total $429,498 · program services $342,857 · management and general $75,977 · fundraising $10,664
-
13 · Office expenses
total $725,051 · program services $578,788 · management and general $128,260 · fundraising $18,003
-
14 · Information technology
total $228,232 · program services $182,191 · management and general $40,374 · fundraising $5,667
-
16 · Occupancy
total $2,141,850 · program services $1,709,780 · management and general $378,888 · fundraising $53,182
-
19 · Conferences, conventions and meetings
total $4,471 · program services $3,569 · management and general $791 · fundraising $111
-
20 · Interest
total $478,231 · program services $381,759 · management and general $84,598 · fundraising $11,874
-
22 · Depreciation, depletion and amortization
total $2,308,458 · program services $1,842,779 · management and general $408,360 · fundraising $57,319
-
23 · Insurance
total $520,613 · program services $415,591 · management and general $92,095 · fundraising $12,927
-
24a · Other expenses: ATHLETICS
total $2,453,708 · program services $1,958,728 · management and general $434,055 · fundraising $60,925
-
24b · Other expenses: BUILDING AND GROUNDS
total $1,904,591 · program services $1,520,383 · management and general $336,917 · fundraising $47,291
-
24c · Other expenses: FOOD SERVICE
total $1,613,817 · program services $1,288,266 · management and general $285,480 · fundraising $40,071
-
24d · Other expenses: INSTRUCTION
total $1,191,979 · program services $951,524 · management and general $210,858 · fundraising $29,597
-
24e · All other expenses
total $2,099,734 · program services $1,681,324 · management and general $366,114 · fundraising $52,296
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $9,942,181 · end of year $6,666,780
-
3 · Pledges and grants receivable
beginning of year $575,906 · end of year $1,093,819
-
4 · Accounts receivable
beginning of year $1,710,992 · end of year $1,292,659
-
7 · Other notes and loans receivable
beginning of year $899,999 · end of year $723,168
-
10a · Land, buildings and equipment: cost or other basis
$69,233,225
-
10b · Land, buildings and equipment: accumulated depreciation
$35,394,632
-
10c · Land, buildings and equipment, net
beginning of year $35,647,831 · end of year $33,838,593
-
11 · Investments: publicly traded securities
beginning of year $22,831,072 · end of year $22,358,657
-
15 · Other assets
beginning of year $5,626,733 · end of year $6,267,509
-
17 · Accounts payable and accrued expenses
beginning of year $2,525,439 · end of year $2,994,981
-
18 · Grants payable
beginning of year $829,499 · end of year $787,137
-
19 · Deferred revenue
beginning of year $780,367 · end of year $670,718
-
20 · Tax-exempt bond liabilities
beginning of year $16,679,233 · end of year $16,012,560
-
24 · Unsecured notes and loans payable
beginning of year $102,084 · end of year $64,963
-
25 · Other liabilities
beginning of year $512,627 · end of year $1,490,916
-
27 · Net assets without donor restrictions
beginning of year $23,834,638 · end of year $18,281,147
-
28 · Net assets with donor restrictions
beginning of year $31,970,827 · end of year $31,938,763
Mission and programs · 2022
Mission
MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE.
Activities or mission (Part I)
MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE. WE ARE A LIBERAL ARTS COLLEGE AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. THE UNIVERSITY HOLDS THE FOLLOWING CORE VALUES TO BE THE FOUNDATION OF OUR IDENTITY AS A COMMUNITY: FAITH, LEARNING, QUALITY, RESPECT, AND STEWARDSHIP.
-
INSTRUCTION:MIDLAND UNIVERSITY OFFERS MULTIPLE DEGREES INCLUDING BACHELORS DEGREES IN BUSINESS, EDUCATION AND NURSING, AS WELL AS A MASTERS IN BUSINESS ADMINISTRATION AND EDUCATION. THE 2022-2023 ENROLLMENT WAS 205 NONTRADITIONAL UNDERGRADUATE STUDENTS, 1139 TRADITIONAL STUDENTS IN THE FALL, 239 NON-TRADITIONAL AND 1052 TRADITIONAL STUDENTS IN THE SPRING, AND 271 GRADUATE STUDENTS IN THE FALL AND 206 GRADUATE STUDENTS IN THE SPRING.
Expenses $39,476,123 · Grants $28,413,363 · Revenue $46,391,807
-
ACADEMIC SUPPORT:ACADEMIC SUPPORT INCLUDES THE LIBRARY, ADMISSIONS, FINANCIAL AID, INFORMATION TECHNOLOGY AND THOSE FUNCTIONS THAT DIRECTLY SUPPORT INSTRUCTION.
Expenses $11,293,465 · Revenue $317,923
-
AUXILIARY ENTERPRISES:AUXILIARY ENTERPRISES AT MIDLAND UNIVERSITY ARE COMPRISED OF 9 RESIDENCE HALLS OR ON-CAMPUS APARTMENTS, A DINING FACILITY, AND A BOOKSTORE FOR FACULTY, STAFF AND STUDENTS. 631 STUDENTS RESIDED IN STUDENT HOUSING DURING FALL 2022 AND 579 STUDENTS DURING SPRING 2023.
Expenses $5,397,618 · Revenue $6,533,898
As filed on the 2022 return.
Listed in Part VII
-
Jody HornerJODY HORNER
PRESIDENT
- Total calculated
- $352,361
- From this org
- $328,457
- From related orgs
- $0
- Other
- $23,904
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $318,832
- Bonus
- $0
- Other
- $9,625
- Deferred
- $9,734
- Nontaxable benefits
- $14,170
- Filer's total
- $352,361
-
Amber BartonAMBER BARTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bret GreissBRET GREISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jamie WilliamsJAMIE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark FahelsonMARK FAHELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mary ShannonMARY SHANNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Peggy HallPEGGY HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rico MunnRICO MUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ryan HendricksonRYAN HENDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steve FeyeSTEVE FEYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom WalkerTOM WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tony UrbanTONY URBAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jodi BenjaminJODI BENJAMIN
CHIEF OPERATING OFFICER
- Total calculated
- $201,301
- From this org
- $176,963
- From related orgs
- $0
- Other
- $24,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,463
- Bonus
- $31,500
- Other
- $0
- Deferred
- $4,538
- Nontaxable benefits
- $19,800
- Filer's total
- $201,301
-
Joseph HarnischJOSEPH HARNISCH
CHIEF FINANCIAL OFFICER
- Total calculated
- $162,436
- From this org
- $138,710
- From related orgs
- $0
- Other
- $23,726
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,210
- Bonus
- $13,500
- Other
- $0
- Deferred
- $3,930
- Nontaxable benefits
- $19,796
- Filer's total
- $162,436
-
Jeff JamrogJEFF JAMROG
HEAD FOOTBALL COACH
- Total calculated
- $171,961
- From this org
- $153,447
- From related orgs
- $0
- Other
- $18,514
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,447
- Bonus
- $10,000
- Other
- $0
- Deferred
- $4,413
- Nontaxable benefits
- $14,101
- Filer's total
- $171,961
-
Shane PerrienSHANE PERRIEN
CHIEF INFORMATION OFFICER
- Total calculated
- $159,668
- From this org
- $136,248
- From related orgs
- $0
- Other
- $23,420
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $113,748
- Bonus
- $22,500
- Other
- $0
- Deferred
- $3,585
- Nontaxable benefits
- $19,835
- Filer's total
- $159,668
-
Jamie SimpsonJAMIE SIMPSON
CHIEF ACADEMIC OFFICER
- Total calculated
- $151,146
- From this org
- $147,416
- From related orgs
- $0
- Other
- $3,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,416
- Bonus
- $23,000
- Other
- $0
- Deferred
- $3,700
- Nontaxable benefits
- $30
- Filer's total
- $151,146
-
Brady WoudstraBRADY WOUDSTRA
ASSOC. VP OF CGPS OPERATIONS
- Total calculated
- $138,919
- From this org
- $114,374
- From related orgs
- $0
- Other
- $24,545
- Hours/week
- 40
-
Linda Quinn DeanLINDA QUINN DEAN
OF COLLEGE OF HEALTH PROFESSIONS
- Total calculated
- $138,797
- From this org
- $134,936
- From related orgs
- $0
- Other
- $3,861
- Hours/week
- 40
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
- 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)
- PART I, LINE 1A
- HEALTH CLUB BENEFITS ARE PROVIDED TO ALL EMPLOYEES.
- PART I, LINE 1B
- MIDLAND UNIVERSITY DOESN'T HAVE A REIMBURSEMENT POLICY REGARDING THE HEALTH CLUB BENEFIT DUE TO THE FACT THAT THIS ISN'T A REIMBURSABLE EXPENSE, BUT RATHER AN EMPLOYEE BENEFIT PROVIDED TO ALL OF OUR EMPLOYEES.
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.
-
501C(3) · EDUCATION TO PRESCHOOL CHILDREN · NE
Directly controlled by MIDLAND 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 UNITRUSTS (2)
T · CHARITABLE TRUSTS · NE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431039349300143
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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