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Nonprofiteer
← NEWMAN UNIVERSITY INC

Form 990 for tax year 2023

Filed by NEWMAN UNIVERSITY INC.

Totals

Total revenue
$43,037,694
Total expenses
$44,828,406
Contributions and grants received
$3,911,785
Grants paid
$16,302,906
Program service revenue
$37,343,683
Investment income
$1,214,731
Other revenue
$567,495
Total assets, end of year
$68,218,956
Total liabilities, end of year
$18,294,055
Net assets or fund balances, end of year
$49,924,901
Program services expenses (Part IX)
$38,061,933
Management and general expenses
$5,852,263
Fundraising expenses
$914,210
Program service expenses (Part III)
$38,061,933

Program services were 84.9% 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

    $208,175

  • 1d · Related organizations

    $1,288,069

  • 1e · Government grants (contributions)

    $79,413

  • 1f · All other contributions, gifts and grants

    $2,336,128

  • 2a · Program service revenue: TUITION & FEES

    total $34,846,517 · related or exempt $34,846,517

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $2,227,399 · related or exempt $2,191,409 · unrelated business $35,990

  • 2c · Program service revenue: INTEREST ON STUDENT RECEIVABLES

    total $269,767 · related or exempt $269,767

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $409,240 · excluded $409,240

  • 6a · Gross rents

    real property $98,300

  • 6b · Less rental expenses

    real property $58,425

  • 6c · Rental income or loss

    real property $39,875 · personal property $0

  • 6d · Net rental income or loss

    total $39,875 · unrelated business $21,672 · excluded $18,203

  • 7a · Gross sales of assets other than inventory

    securities $3,000,000

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

    securities $2,194,509

  • 7c · Gain or loss

    securities $805,491 · other assets $0

  • 7d · Net gain or loss

    total $805,491 · excluded $805,491

  • 8a · Fundraising events: gross income

    $36,660

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

    $208,175

  • 8b · Fundraising events: direct expenses

    $84,959

  • 8c · Net income from fundraising events

    total -$48,299 · excluded -$48,299

  • 11a · Other revenue: BAD DEBT RECOVERIES

    total $21,807 · related or exempt $21,807

  • 11d · All other revenue

    total $554,112 · related or exempt $554,112 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $575,919

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,302,906 · program services $16,302,906

  • 5 · Compensation of officers, directors and key employees

    total $407,739 · management and general $407,739

  • 7 · Other salaries and wages

    total $12,423,485 · program services $9,581,784 · management and general $2,413,032 · fundraising $428,669

  • 8 · Pension plan contributions

    total $270,072 · program services $206,806 · management and general $52,291 · fundraising $10,975

  • 9 · Other employee benefits

    total $2,167,610 · program services $1,696,176 · management and general $426,957 · fundraising $44,477

  • 10 · Payroll taxes

    total $875,240 · program services $674,180 · management and general $170,469 · fundraising $30,591

  • 11b · Fees: legal

    total $47,134 · program services $37,621 · management and general $9,513

  • 11c · Fees: accounting

    total $117,280 · program services $93,610 · management and general $23,670

  • 11f · Fees: investment management

    total $66,452 · management and general $66,452

  • 11g · Fees: other

    total $2,778,373 · program services $2,217,636 · management and general $560,737 · fundraising $0

  • 12 · Advertising and promotion

    total $366,253 · program services $292,140 · management and general $73,869 · fundraising $244

  • 13 · Office expenses

    total $1,221,731 · program services $968,291 · management and general $243,917 · fundraising $9,523

  • 14 · Information technology

    total $457,090 · program services $364,839 · management and general $92,251

  • 16 · Occupancy

    total $1,853,803 · program services $1,479,665 · management and general $374,138

  • 17 · Travel

    total $838,884 · program services $631,812 · management and general $141,280 · fundraising $65,792

  • 20 · Interest

    total $637,821 · program services $509,095 · management and general $128,726

  • 22 · Depreciation, depletion and amortization

    total $2,417,449 · program services $1,935,496 · management and general $481,953

  • 23 · Insurance

    total $567,818 · program services $453,220 · management and general $114,598

  • 24a · Other expenses: MEMBERSHIPS

    total $169,644 · program services $115,642 · management and general $29,240 · fundraising $24,762

  • 24b · Other expenses: BOOKS/RESOURCE MATERIALS

    total $109,348 · program services $87,279 · management and general $22,069

  • 24c · Other expenses: BAD DEBTS

    total $35,713 · program services $28,505 · management and general $7,208

  • 24e · All other expenses

    total $696,561 · program services $385,230 · management and general $12,154 · fundraising $299,177

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $887,194 · end of year $108,720

  • 4 · Accounts receivable

    beginning of year $1,051,183 · end of year $1,312,455

  • 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 $20,330 · end of year $28,158

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,586 · end of year $418,978

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

    $78,874,364

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

    $40,292,069

  • 10c · Land, buildings and equipment, net

    beginning of year $38,762,991 · end of year $38,582,295

  • 12 · Investments: other securities

    beginning of year $25,714,360 · end of year $25,504,558

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,939,711 · end of year $2,263,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,638,000 · end of year $2,211,834

  • 18 · Grants payable

    end of year $788,459

  • 19 · Deferred revenue

    beginning of year $1,427,367 · end of year $1,009,513

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,310,455 · end of year $11,462,389

  • 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 $2,964,458 · end of year $2,582,773

  • 25 · Other liabilities

    beginning of year $226,278 · end of year $239,087

  • 27 · Net assets without donor restrictions

    beginning of year $27,879,992 · end of year $26,617,422

  • 28 · Net assets with donor restrictions

    beginning of year $22,037,805 · end of year $23,307,479

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • NEWMAN UNIVERSITY PROVIDED EDUCATIONAL PROGRAMS AND COURSES FOR 6,294 STUDENTS WHO ENROLLED IN 47,894 CREDIT HOURS. 341 DEGREES WERE ISSUED BY THE UNIVERSITY. NEWMAN UNIVERSITY STUDENTS AND STAFF PROVIDED OVER 245,000 VOLUNTEER HOURS OF SERVICE TO THE LOCAL COMMUNITY AND NON-PROFIT AGENCIES.

    Expenses $38,061,933 · Grants $16,302,906 · Revenue $37,884,302

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JENIFER STONE

    TRUSTEE/CHAIR Beg 08/23

    Total calculated
    $0
    Hours/week
    1
  • JT KLAUS

    TRUSTEE/CHAIR End 08/23

    Total calculated
    $0
    Hours/week
    1
  • KATHLEEN JAGGER

    PRESIDENT

    Total calculated
    $268,474
    From this org
    $253,423
    From related orgs
    $0
    Other
    $15,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,423
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,051
    Filer's total
    $268,474
  • ADAM GOMEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ALICIA THOMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRAD YAEGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DAVID BORHO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DIANA CROOK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DIANA STANLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Drew Bogner

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • FR TED STOECKLEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FRAN SCHUMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GERRY KILLEEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JASON SEARL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JEFFREY LIPP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JENNIFER MAGAA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHN CARNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LAURIE LABARCA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LORI BENGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARCELO CASENOVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MATTHEW SCHIPPERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PATRICK EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RAYMOND DONDLINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • REV CARL KEMME

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ROBERT BARIENTOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SR BETTY ADAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SR JENNY SELLARO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SR MARY CATHERINE CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SR SUSAN WELSBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WENDY GLICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • YOLANDA CAMARENA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ANTHONY BEATA

    VP OF FINANCE & ADMINISTRATION

    Total calculated
    $191,970
    From this org
    $133,081
    From related orgs
    $0
    Other
    $58,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,081
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $58,889
    Filer's total
    $191,970
  • MARY BETH GIBSON

    EXECUTIVE ASSISTANT

    Total calculated
    $23,155
    From this org
    $21,235
    From related orgs
    $0
    Other
    $1,920
    Hours/week
    40
  • CHRISTINE SCHNEIKART-LUEBBE

    VICE PRESIDENT OF ENROLLMENT MANAGEMENT

    Total calculated
    $175,765
    From this org
    $122,738
    From related orgs
    $0
    Other
    $53,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,738
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,027
    Filer's total
    $175,765
  • JESSICA BIRD

    DEAN OF THE SCHOOL OF EDUCATION

    Total calculated
    $133,280
    From this org
    $125,839
    From related orgs
    $0
    Other
    $7,441
    Hours/week
    40
  • JOHN STOUT

    VP OF ACADEMIC AFFAIRS

    Total calculated
    $137,647
    From this org
    $137,509
    From related orgs
    $0
    Other
    $138
    Hours/week
    40
  • KIMYATTA BRENT

    DIRECTOR OF DNAP PROGRAM

    Total calculated
    $195,565
    From this org
    $185,555
    From related orgs
    $0
    Other
    $10,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,555
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,010
    Filer's total
    $195,565
  • PETER STRUBE

    ASST DIRECTOR OF CRNA PROGRAM

    Total calculated
    $143,725
    From this org
    $129,143
    From related orgs
    $0
    Other
    $14,582
    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 · 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

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

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349306194

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