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Nonprofiteer
← DRAKE UNIVERSITY

Form 990 for tax year 2024

Filed by DRAKE UNIVERSITY.

Totals

Total revenue
$256,277,389
Total expenses
$246,295,918
Contributions and grants received
$39,204,664
Grants paid
$85,687,326
Program services expenses (Part IX)
$221,542,092
Management and general expenses
$21,246,200
Fundraising expenses
$3,507,626
Program service expenses (Part III)
$221,542,092

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • EARL MARTIN

    PRESIDENT

    Total calculated
    $813,542
    From this org
    $655,175
    From related orgs
    $0
    Other
    $158,367
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $532,316
    Bonus
    $108,400
    Other
    $14,459
    Deferred
    $101,400
    Nontaxable benefits
    $56,967
    Filer's total
    $813,542
  • MARK ERNST

    TRUSTEE AND BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JONATHAN AZU

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • PEGGY FISHER

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • PAUL LEAVITT

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • CYNTHIA LESHER

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • PAUL SCHICKLER

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • LINDSAY WHORTON

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JOE AIELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PATTI AVERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TOM BERNAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KAREN BRANDING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SUZIE BURT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LOUIS CARR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHNNIE CARSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARTA CODINA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PETER COWNIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ESFAND DINSHAW

    TRUSTEE (STARTED 10/1/24)

    Total calculated
    $0
    Hours/week
    1
  • PAUL DOUCETTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KATHY FEHRMAN

    TRUSTEE (THRU 6/30/25)

    Total calculated
    $0
    Hours/week
    1
  • DAVID GOLDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GREG JOHANSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DOUGLAS LANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KEN MCCULLUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RACHEL MCLEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHN MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • AMY OHDE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JEFF RUSSELL

    TRUSTEE (STARTED 10/1/24)

    Total calculated
    $0
    Hours/week
    1
  • NIKKI SYVERSON

    TRUSTEE (STARTED 10/1/24)

    Total calculated
    $0
    Hours/week
    1
  • TIFFANY TAUSCHECK

    TRUSTEE (STARTED 10/1/24)

    Total calculated
    $0
    Hours/week
    1
  • RUDOLPH D TREBELS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • IKE VANDEN EYKEL

    TRUSTEE (THRU 1/1/2025)

    Total calculated
    $0
    Hours/week
    1
  • JIM WALLACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ADAM VOIGTS

    CFO AND TREASURER

    Total calculated
    $250,953
    From this org
    $211,664
    From related orgs
    $0
    Other
    $39,289
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,599
    Bonus
    $0
    Other
    $1,065
    Deferred
    $16,522
    Nontaxable benefits
    $22,767
    Filer's total
    $250,953
  • VENESSA KUHLMANN-MACRO

    CHIEF ADMINISTRATION OFFICER

    Total calculated
    $234,574
    From this org
    $195,907
    From related orgs
    $0
    Other
    $38,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,080
    Bonus
    $0
    Other
    $1,827
    Deferred
    $15,315
    Nontaxable benefits
    $23,352
    Filer's total
    $234,574
  • SUE MATTISON

    PROVOST

    Total calculated
    $275,756
    From this org
    $244,267
    From related orgs
    $0
    Other
    $31,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,855
    Bonus
    $0
    Other
    $4,412
    Deferred
    $18,593
    Nontaxable benefits
    $12,896
    Filer's total
    $275,756
  • JOHN SMITH

    VICE PRESIDENT INST. ADVANCEMENT

    Total calculated
    $268,522
    From this org
    $228,384
    From related orgs
    $0
    Other
    $40,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,960
    Bonus
    $10,000
    Other
    $11,424
    Deferred
    $16,322
    Nontaxable benefits
    $23,816
    Filer's total
    $268,522
  • ALLISON POHLMAN

    HEAD WOMEN'S BASKETBALL COACH

    Total calculated
    $299,192
    From this org
    $281,364
    From related orgs
    $0
    Other
    $17,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,573
    Bonus
    $0
    Other
    $5,791
    Deferred
    $16,438
    Nontaxable benefits
    $1,390
    Filer's total
    $299,192
  • BENJAMIN MCCOLLUM

    HEAD MEN'S BASKETBALL COACH

    Total calculated
    $533,378
    From this org
    $489,243
    From related orgs
    $0
    Other
    $44,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $413,293
    Bonus
    $75,000
    Other
    $950
    Deferred
    $25,813
    Nontaxable benefits
    $18,322
    Filer's total
    $533,378
  • BRIAN HARDIN

    DIRECTOR OF ATHLETICS

    Total calculated
    $299,283
    From this org
    $256,175
    From related orgs
    $0
    Other
    $43,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,307
    Bonus
    $33,000
    Other
    $8,868
    Deferred
    $17,046
    Nontaxable benefits
    $26,062
    Filer's total
    $299,283
  • JERRY ANDERSON

    PROFESSOR OF LAW

    Total calculated
    $275,720
    From this org
    $246,906
    From related orgs
    $0
    Other
    $28,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,968
    Bonus
    $0
    Other
    $6,938
    Deferred
    $18,805
    Nontaxable benefits
    $10,009
    Filer's total
    $275,720
  • DARIAN DEVRIES

    FORMER MEN'S B-BALL COACH (4/30/24)

    Total calculated
    $386,191
    From this org
    $369,080
    From related orgs
    $0
    Other
    $17,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,248
    Bonus
    $183,333
    Other
    $499
    Deferred
    $11,252
    Nontaxable benefits
    $5,859
    Filer's total
    $386,191

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 — 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
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 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 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
A UNIVERSITY-OWNED RESIDENCE IS PROVIDED TO THE PRESIDENT. THIS IS A CONDITION OF EMPLOYMENT AND IS FOR THE CONVENIENCE OF THE EMPLOYER. THE RESIDENCE IS USED FOR MANY UNIVERSITY FUNCTIONS, MEALS, AND RECEPTIONS INVOLVING FACULTY, STAFF, STUDENTS, DONORS, AND THE GENERAL PUBLIC THROUGHOUT THE YEAR. THE VALUE OF THE RESIDENCE IS INCLUDED IN NONTAXABLE BENEFITS IN PART II, COLUMN (D). A SOCIAL CLUB MEMBERSHIP IS PROVIDED TO THE PRESIDENT, ATHLETIC DIRECTOR, HEAD MEN'S BASKETBALL COACH, AND HEAD WOMEN'S BASKETBALL COACH FOR UNIVERSITY BUSINESS. ANY EXPENSES INCURRED THAT ARE NOT RELATED TO UNIVERSITY BUSINESS ARE PAID FOR PERSONALLY BY THE INDIVIDUALS. THE VALUE OF THE SOCIAL CLUB MEMBERSHIP IS NOT INCLUDED IN TAXABLE COMPENSATION. THE UNIVERSITY DOES NOT PROVIDE FIRST CLASS TRAVEL FOR ITS EMPLOYEES. THE HEAD MEN'S BASKETBALL COACH , HEAD WOMEN'S BASKETBALL COACH, AND HEAD FOOTBALL COACH OCCASIONALLY TRAVEL BY CHARTER WITH THEIR TEAMS TO SCHEDULED EVENTS. THE VALUE OF THE CHARTER TRAVEL IS NOT INCLUDED IN TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS IS PROVIDED IF IT IS NECESSARY FOR BUSINESS PURPOSES. WHEN TRAVEL FOR COMPANIONS IS PROVIDED FOR NON-BUSINESS PURPOSES, THE VALUE OF THE TRAVEL IS INCLUDED IN TAXABLE WAGES. THERE WERE NO BENEFITS RELATED TO TRAVEL FOR COMPANIONS DURING THE YEAR. THE VALUE FOR THE TRAVEL FOR COMPANIONS IS NOT INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 4B
AS DIRECTED WITHIN THE EMPLOYMENT CONTRACT FOR EARL F. MARTIN, PRESIDENT, THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. DURING FISCAL YEAR 2025, CONTRIBUTIONS OF $75,000 WERE MADE TO THE PLAN FOR THE PRESIDENT. NO DISTRIBUTIONS WERE MADE FROM THE PLAN DURING THE FISCAL YEAR.
PART I, LINE 7
EARL F. MARTIN III, BRIAN HARDIN, DARIAN DEVRIES, AND BENJAMIN MCCOLLUM RECEIVED BONUS PAYMENTS PURSUANT TO CRITERIA SPECIFIED IN THEIR RESPECTIVE EMPLOYMENT CONTRACTS. OTHER SENIOR LEADERS WERE AWARDED DISCRETIONARY BONUS PAYMENTS BASED ON PERFORMANCE INDICATORS DURING THE ANNUAL PERFORMANCE EVALUATION PROCESS AS DETERMINED BY THE PRESIDENT.

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
30 January 2026
IRS schema version
2024v5.5
Source object
202640349349301204

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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