Form 990 for tax year 2023

Filed by AUGUSTANA UNIVERSITY ASSOCIATION.

Totals

Total revenue: $123,883,551
Total expenses: $126,511,223
Contributions and grants received: $24,918,991
Grants paid: $47,811,276
Program service revenue: $95,409,280
Investment income: $3,671,614
Other revenue: -$116,334
Total assets, end of year: $361,887,059
Total liabilities, end of year: $120,045,798
Net assets or fund balances, end of year: $241,841,261
Program services expenses (Part IX): $113,093,501
Management and general expenses: $11,139,029
Fundraising expenses: $2,278,693
Program service expenses (Part III): $113,093,501

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.

1c · Fundraising events

$84,796
1e · Government grants (contributions)

$2,031,446
1f · All other contributions, gifts and grants

$22,802,749
1g · Noncash contributions included above

$2,043,370
2a · Program service revenue: TUITION AND FEES

total $78,059,397 · related or exempt $78,059,397
2b · Program service revenue: AUXILIARY ENTERPRISES

total $11,879,532 · related or exempt $11,879,532
2c · Program service revenue: EDUCATIONAL ACTIVITIES

total $4,216,035 · related or exempt $4,216,035
2d · Program service revenue: OTHER SOURCES

total $1,254,316 · related or exempt $1,254,316
3 · Investment income

total $3,569,760 · unrelated business $15,146 · excluded $3,554,614
6a · Gross rents

real property $226,248
6b · Less rental expenses

real property $458,481
6c · Rental income or loss

real property -$232,233
6d · Net rental income or loss

total -$232,233 · unrelated business -$10,624 · excluded -$221,609
7a · Gross sales of assets other than inventory

securities $32,923,781 · other assets $362,229
7b · Less cost or other basis and sales expenses

securities $32,709,182 · other assets $474,974
7c · Gain or loss

securities $214,599 · other assets -$112,745
7d · Net gain or loss

total $101,854 · excluded $101,854
8a · Fundraising events: gross income

$212,919
8a · Fundraising events: contributions included on line 1c

$84,796
8b · Fundraising events: direct expenses

$105,467
8c · Net income from fundraising events

total $107,452 · excluded $107,452
10a · Gross sales of inventory

$10,102
10b · Cost of goods sold

$1,655
10c · Net income from sales of inventory

total $8,447 · excluded $8,447

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $45,459,643 · program services $45,459,643
3 · Grants to foreign organizations and individuals

total $2,351,633 · program services $2,351,633
5 · Compensation of officers, directors and key employees

total $739,742 · management and general $509,601 · fundraising $230,141
7 · Other salaries and wages

total $31,313,576 · program services $26,706,907 · management and general $3,668,078 · fundraising $938,591
8 · Pension plan contributions

total $1,405,386 · program services $1,179,737 · management and general $172,496 · fundraising $53,153
9 · Other employee benefits

total $5,779,737 · program services $4,533,338 · management and general $1,020,898 · fundraising $225,501
10 · Payroll taxes

total $2,138,602 · program services $1,733,318 · management and general $322,808 · fundraising $82,476
11b · Fees: legal

total $51,998 · program services $3,106 · management and general $48,892
11c · Fees: accounting

total $78,220 · management and general $78,220
11d · Fees: lobbying

total $5,125 · program services $5,125
11f · Fees: investment management

total $184,394 · management and general $184,394
11g · Fees: other

total $3,835,990 · program services $2,486,256 · management and general $1,189,334 · fundraising $160,400
12 · Advertising and promotion

total $472,970 · program services $310,043 · management and general $106,327 · fundraising $56,600
13 · Office expenses

total $529,662 · program services $345,766 · management and general $145,789 · fundraising $38,107
14 · Information technology

total $1,123,636 · program services $930,870 · management and general $81,354 · fundraising $111,412
16 · Occupancy

total $2,649,337 · program services $2,085,757 · management and general $540,248 · fundraising $23,332
17 · Travel

total $2,899,640 · program services $2,741,681 · management and general $119,600 · fundraising $38,359
19 · Conferences, conventions and meetings

total $685,582 · program services $598,462 · management and general $68,822 · fundraising $18,298
20 · Interest

total $4,236,188 · program services $3,517,257 · management and general $718,931
22 · Depreciation, depletion and amortization

total $7,526,407 · program services $7,002,614 · management and general $497,603 · fundraising $26,190
23 · Insurance

total $946,602 · program services $357,018 · management and general $586,829 · fundraising $2,755
24a · Other expenses: FOOD & PROVISIONS

total $6,058,959 · program services $5,849,211 · management and general $96,886 · fundraising $112,862
24b · Other expenses: SUPPLIES

total $3,237,665 · program services $2,869,072 · management and general $283,785 · fundraising $84,808
24c · Other expenses: TECHNICAL EQUIPMENT

total $637,611 · program services $407,123 · management and general $227,365 · fundraising $3,123
24d · Other expenses: EQUIPMENT MAINTENANCE

total $303,513 · program services $284,294 · management and general $19,219
24e · All other expenses

total $1,859,405 · program services $1,335,270 · management and general $451,550 · fundraising $72,585

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,798,134 · end of year $6,541,404
2 · Savings and temporary cash investments

beginning of year $32,130,082 · end of year $8,533,162
3 · Pledges and grants receivable

beginning of year $26,537,880 · end of year $23,203,949
4 · Accounts receivable

beginning of year $5,155,273 · end of year $3,517,188
8 · Inventories for sale or use

beginning of year $127,291 · end of year $110,972
9 · Prepaid expenses and deferred charges

beginning of year $1,140,389 · end of year $1,136,304
10a · Land, buildings and equipment: cost or other basis

$274,161,514
10b · Land, buildings and equipment: accumulated depreciation

$82,952,238
10c · Land, buildings and equipment, net

beginning of year $162,364,370 · end of year $191,209,276
11 · Investments: publicly traded securities

beginning of year $86,451,213 · end of year $97,692,854
12 · Investments: other securities

beginning of year $26,155,835 · end of year $28,144,506
13 · Investments: program-related

beginning of year $1,801,989 · end of year $1,325,194
15 · Other assets

beginning of year $544,632 · end of year $472,250
17 · Accounts payable and accrued expenses

beginning of year $11,960,063 · end of year $8,110,775
18 · Grants payable

beginning of year $3,600,756 · end of year $3,214,485
19 · Deferred revenue

beginning of year $5,767,082 · end of year $6,840,456
20 · Tax-exempt bond liabilities

beginning of year $74,239,089 · end of year $74,139,113
21 · Escrow or custodial account liability

beginning of year $700,998 · end of year $979,516
23 · Secured mortgages and notes payable

beginning of year $21,817,564 · end of year $24,717,107
25 · Other liabilities

beginning of year $2,063,503 · end of year $2,044,346
27 · Net assets without donor restrictions

beginning of year $74,561,837 · end of year $80,965,980
28 · Net assets with donor restrictions

beginning of year $159,496,196 · end of year $160,875,281

Mission and programs · 2023

Mission

INSPIRED BY LUTHERAN SCHOLARLY TRADITION AND THE LIBERAL ARTS, AUGUSTANA PROVIDES AN EDUCATION OF ENDURING WORTH THAT CHALLENGES THE INTELLECT, FOSTERS INTEGRITY AND INTEGRATES FAITH WITH LEARNING AND SERVICE IN A DIVERSE WORLD.

Activities or mission (Part I)

A FOUR-YEAR LIBERAL ARTS UNIVERSITY AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH.

HIGHER EDUCATION INSTRUCTION: INCLUDES MORE THAN 50 ACADEMIC MAJORS AND PRE-PROFESSIONAL SPECIALIZATIONS THAT PREPARE STUDENTS FOR EVENTUAL EMPLOYMENT IN BUSINESS AND FINANCE, HEALTH CARE, EDUCATION AND SOCIAL SERVICE AND FOR GRADUATE STUDIES IN LAW AND MEDICINE. AN HONORS PROGRAM, STUDY ABROAD, SERVICE LEARNING AND UNDERGRADUATE RESEARCH OPPORTUNITIES SUPPLEMENT FORMAL CLASSROOM AND LABORATORY INSTRUCTION. APPROXIMATELY 1,850 STUDENTS ARE SERVED ANNUALLY BY A FACULTY OF 150 FULL- AND PART-TIME PROFESSORS.AUGUSTANA UNIVERSITY OFFERS STUDENTS OF VARYING BACKGROUNDS AND INTERESTS AN EDUCATION THAT COMBINES A BROAD FOUNDATION IN THE LIBERAL ARTS WITH PREPARATION FOR PROFESSIONAL CAREERS OR ADVANCED STUDY.

Expenses $96,427,307 · Grants $47,811,276 · Revenue $78,059,397
HIGHER EDUCATION AUXILIARY SERVICES: SERVE STUDENTS PROVIDING CAMPUS HOUSING AND MEAL SERVICES FOR APPROXIMATELY 1,850 STUDENTS.

Expenses $12,065,635 · Revenue $11,879,532
HIGHER EDUCATION ACADEMIC SUPPORT: INCLUDES ACADEMIC SUPPORT THROUGH EXTENSIVE LIBRARY HOLDINGS IN BOOKS, JOURNALS AND ONLINE RESOURCES AS WELL AS AUDIOVISUAL EQUIPMENT AND MATERIALS. INCLUDES OTHER ACTIVITIES RELATED TO SERVING THE STUDENTS AND THE CAMPUS COMMUNITY.

Expenses $4,600,559 · Revenue $5,470,351

As filed on the 2023 return.

Listed in Part VII

JILL AANENSON

CHAIR

Total calculated

$0

Hours/week

4
MELINDA KEITH

VICE CHAIR

Total calculated

$0

Hours/week

4
TODD WILLIAMS

SECRETARY

Total calculated

$0

Hours/week

4
RON MOQUIST

TRUSTEE

Total calculated

$0

Hours/week

4
MANAAL ALI

TRUSTEE

Total calculated

$0

Hours/week

4
PAUL HARMEL

TRUSTEE

Total calculated

$0

Hours/week

4
CRAIG LLOYD

TRUSTEE

Total calculated

$0

Hours/week

4
PAT MCADARAGH

TRUSTEE

Total calculated

$0

Hours/week

4
KEITH SEVERSON

TRUSTEE

Total calculated

$0

Hours/week

4
H EUGENE HOYME

TRUSTEE

Total calculated

$0

Hours/week

4
GREG DANIELS

TRUSTEE

Total calculated

$0

Hours/week

4
CHERYL LEUNING

TRUSTEE

Total calculated

$0

Hours/week

4
KEVIN NYBERG

TRUSTEE

Total calculated

$0

Hours/week

4
SCOTT BARTH

TRUSTEE

Total calculated

$0

Hours/week

4
DENNIS BLY

TRUSTEE

Total calculated

$0

Hours/week

4
MARIA BELL

TRUSTEE

Total calculated

$0

Hours/week

4
JILLIAN KLEIN

TRUSTEE

Total calculated

$0

Hours/week

4
CHERYL COLLINS

TRUSTEE

Total calculated

$0

Hours/week

4
ANDREA DEGROOT-NESDAHL

TRUSTEE

Total calculated

$0

Hours/week

4
DAMIEN FAIR

TRUSTEE

Total calculated

$0

Hours/week

4
BLAINE CRISSMAN

TRUSTEE

Total calculated

$0

Hours/week

4
PAUL LIMBURG

TRUSTEE

Total calculated

$0

Hours/week

4
JEANELLE LUST

TRUSTEE

Total calculated

$0

Hours/week

4
MOHAMMED ZEESHAN QAMAR

TRUSTEE

Total calculated

$0

Hours/week

4
DALE HOIBERG

TRUSTEE

Total calculated

$0

Hours/week

4
KATHY WALSH

TRUSTEE

Total calculated

$0

Hours/week

4
STEPHANIE HERSETH SANDLIN

PRESIDENT

Total calculated

$410,977

From this org

$359,510

From related orgs

$0

Other

$51,467

Hours/week

40

Schedule J breakdown matched by us

Base

$359,510

Bonus

$0

Other

$0

Deferred

$26,810

Nontaxable benefits

$24,657

Filer's total

$410,977
SHANNAN NELSON

CFO

Total calculated

$223,470

From this org

$192,244

From related orgs

$0

Other

$31,226

Hours/week

40

Schedule J breakdown matched by us

Base

$192,244

Bonus

$0

Other

$0

Deferred

$14,620

Nontaxable benefits

$16,606

Filer's total

$223,470
GARRETT RABOIN

HEAD HOCKEY COACH

Total calculated

$257,200

From this org

$222,998

From related orgs

$0

Other

$34,202

Hours/week

40

Schedule J breakdown matched by us

Base

$222,998

Bonus

$0

Other

$0

Deferred

$16,800

Nontaxable benefits

$17,402

Filer's total

$257,200
PAMELA HOMAN

CHIEF STRATEGY OFFICER

Total calculated

$195,831

From this org

$170,086

From related orgs

$0

Other

$25,745

Hours/week

40

Schedule J breakdown matched by us

Base

$170,086

Bonus

$0

Other

$0

Deferred

$12,810

Nontaxable benefits

$12,935

Filer's total

$195,831
MATTHEW VOLANSKY

DIR, DPT PROGRAM

Total calculated

$168,740

From this org

$159,200

From related orgs

$0

Other

$9,540

Hours/week

40

Schedule J breakdown matched by us

Base

$159,200

Bonus

$0

Other

$0

Deferred

$9,540

Nontaxable benefits

$0

Filer's total

$168,740
JODI DEHLI

HR GLOBAL COMPLIANCE SPECIALIST

Total calculated

$165,569

From this org

$144,845

From related orgs

$0

Other

$20,724

Hours/week

40

Schedule J breakdown matched by us

Base

$144,845

Bonus

$0

Other

$0

Deferred

$6,367

Nontaxable benefits

$14,357

Filer's total

$165,569
JOEL JOHNSON

PROVOST

Total calculated

$161,560

From this org

$131,248

From related orgs

$0

Other

$30,312

Hours/week

40

Schedule J breakdown matched by us

Base

$131,248

Bonus

$0

Other

$0

Deferred

$10,569

Nontaxable benefits

$19,743

Filer's total

$161,560

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 · Form 990 of other organizations
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.

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 (4)

T · INVESTMENT · SD · controlled entity

Directly controlled by AUGUSTANA UNIVERSITY

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 June 2025
IRS schema version: 2023v6.0
Source object: 202511649349301211

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