Form 990 for tax year 2022
Filed by CARDINAL STRITCH UNIVERSITY INC.
Totals
- Total revenue
- $34,041,193
- Total expenses
- $35,821,410
- Contributions and grants received
- $2,084,741
- Grants paid
- $10,731,749
- Program service revenue
- $22,862,073
- Investment income
- $8,124,781
- Other revenue
- $969,598
- Total assets, end of year
- $28,982,317
- Total liabilities, end of year
- $4,676,769
- Net assets or fund balances, end of year
- $24,305,548
- Program services expenses (Part IX)
- $28,784,986
- Management and general expenses
- $7,036,424
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,784,986
Program services were 80.4% 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.
-
1e · Government grants (contributions)
$102,544
-
1f · All other contributions, gifts and grants
$1,982,197
-
2a · Program service revenue: TUITION, FEES AND PRIVATE LESSONS
total $20,981,484 · related or exempt $20,981,484
-
2b · Program service revenue: AUXILIARY
total $1,777,312 · related or exempt $1,777,312
-
2c · Program service revenue: SALES AND SERVICES
total $103,277 · related or exempt $103,277
-
3 · Investment income
total $2,214,578 · excluded $2,214,578
-
6a · Gross rents
real property $30,378
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $30,378
-
6d · Net rental income or loss
total $30,378 · related or exempt $1,510 · unrelated business $28,868
-
7a · Gross sales of assets other than inventory
securities $12,563,104 · other assets $23,552,584
-
7b · Less cost or other basis and sales expenses
securities $10,684,534 · other assets $19,520,951
-
7c · Gain or loss
securities $1,878,570 · other assets $4,031,633
-
7d · Net gain or loss
total $5,910,203 · excluded $5,910,203
-
11a · Other revenue: OTHER SOURCES
total $939,220 · related or exempt $939,220
-
11e · Other revenue, total
$939,220
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $10,731,749 · program services $10,731,749
-
5 · Compensation of officers, directors and key employees
total $574,624 · management and general $574,624
-
7 · Other salaries and wages
total $8,693,000 · program services $8,337,255 · management and general $355,745
-
8 · Pension plan contributions
total $118,412 · program services $118,412
-
9 · Other employee benefits
total $483,196 · program services $482,550 · management and general $646
-
10 · Payroll taxes
total $629,342 · program services $570,547 · management and general $58,795
-
11b · Fees: legal
total $349,337 · management and general $349,337
-
11c · Fees: accounting
total $123,102 · management and general $123,102
-
11f · Fees: investment management
total $30,873 · management and general $30,873
-
11g · Fees: other
total $1,469,494 · program services $905,626 · management and general $563,868
-
12 · Advertising and promotion
total $248,600 · program services $2,061 · management and general $246,539
-
13 · Office expenses
total $535,614 · program services $397,807 · management and general $137,807
-
14 · Information technology
total $1,073,403 · program services $965,104 · management and general $108,299
-
16 · Occupancy
total $2,431,728 · program services $2,124,994 · management and general $306,734
-
17 · Travel
total $265,291 · program services $239,293 · management and general $25,998
-
19 · Conferences, conventions and meetings
total $6,840 · program services $3,704 · management and general $3,136
-
20 · Interest
total $313,024 · program services $279,371 · management and general $33,653
-
22 · Depreciation, depletion and amortization
total $675,123 · program services $602,540 · management and general $72,583
-
23 · Insurance
total $737,771 · program services $224,746 · management and general $513,025
-
24a · Other expenses: ACCRUED LIQUIDATION EXP
total $3,065,909 · management and general $3,065,909
-
24b · Other expenses: BAD DEBT EXPENSE
total $1,307,712 · program services $1,307,712
-
24c · Other expenses: PROF DEVELOPMENT
total $651,306 · program services $199,163 · management and general $452,143
-
24d · Other expenses: TUITON REMISSION
total $521,338 · program services $521,338
-
24e · All other expenses
total $784,622 · program services $771,014 · management and general $13,608
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $915,176 · end of year $25,143,360
-
2 · Savings and temporary cash investments
beginning of year $612,077 · end of year $147,609
-
3 · Pledges and grants receivable
beginning of year $227,040 · end of year $0
-
4 · Accounts receivable
beginning of year $2,901,470 · end of year $3,426,755
-
8 · Inventories for sale or use
beginning of year $6,192 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $673,785 · end of year $72,863
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $20,683,109 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $13,587,895 · end of year $0
-
15 · Other assets
beginning of year $185,376 · end of year $191,730
-
17 · Accounts payable and accrued expenses
beginning of year $1,605,517 · end of year $4,434,191
-
19 · Deferred revenue
beginning of year $177,212 · end of year $22,266
-
21 · Escrow or custodial account liability
beginning of year $583,324 · end of year $220,312
-
23 · Secured mortgages and notes payable
beginning of year $6,205,000 · end of year $0
-
25 · Other liabilities
beginning of year $691,999 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $12,236,249 · end of year $10,654,491
-
28 · Net assets with donor restrictions
beginning of year $18,292,819 · end of year $13,651,057
Mission and programs · 2022
Mission
CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND THE RUTH S. COLEMAN COLLEGE OF NURSING AND HEALTH SCIENCES.
-
CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND RUTH S. COLEMAN COLLEGE OF NURSING & HEALTH SCIENCES. TOTAL STUDENT ENROLLMENT WAS APPROXIMATELY 1,293 OF WHICH APPROXIMATELY 573 WERE UNDERGRADUATES AND 720 WERE GRADUATE STUDENTS.
Expenses $28,784,986 · Grants $10,731,749 · Revenue $23,802,803
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DANIEL J SCHOLZ PHD
PRESIDENT
- Total calculated
- $287,501
- From this org
- $248,811
- From related orgs
- $0
- Other
- $38,690
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $248,811
- Bonus
- $0
- Other
- $0
- Deferred
- $20,000
- Nontaxable benefits
- $18,690
- Filer's total
- $287,501
-
MARY T KELLNER PHD
BOT CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
GERARD RANDALL
BOT CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
RAYMOND ALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LISA BANGERT-BALISTRERI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TIA BOJAR PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARIANNE BURISH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SISTER ANGELYN DRIES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MOST REVEREND JEFFREY R HAINES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JEFFREY HEMBROCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL HOSTAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
BERDIE COWSER PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SHANDOWLYON REEVES PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
STEPHEN ROGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
THELMA A SIAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GREG KABARA PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
BECKY PINTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TONY SHIELDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TOM TUTTLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KATE E MEUDT
SECRETARY
- Total calculated
- $168,901
- From this org
- $156,676
- From related orgs
- $0
- Other
- $12,225
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,676
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,225
- Filer's total
- $168,901
-
RACHEL NIELSEN
TREASURER
- Total calculated
- $35,678
- From this org
- $28,126
- From related orgs
- $0
- Other
- $7,552
- Hours/week
- 40
-
DONNEY MORONEY
VP OF STUDENT AFFAIRS
- Total calculated
- $138,803
- From this org
- $126,083
- From related orgs
- $0
- Other
- $12,720
- Hours/week
- 40
-
KATHERINE HOELLER
CONTROLLER
- Total calculated
- $133,786
- From this org
- $121,035
- From related orgs
- $0
- Other
- $12,751
- Hours/week
- 40
-
VINCENT SALYERS
DEAN OF COLLEGE OF HEALTH SCIENCES
- Total calculated
- $189,287
- From this org
- $163,905
- From related orgs
- $0
- Other
- $25,382
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,905
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,382
- Filer's total
- $189,287
-
JANICE JONES
DEAN OF GRADUATE STUDIES
- Total calculated
- $135,637
- From this org
- $123,094
- From related orgs
- $0
- Other
- $12,543
- Hours/week
- 40
-
TRACY FISCHER
VP OF ENROLLMENT MANAGEMENT
- Total calculated
- $156,526
- From this org
- $131,954
- From related orgs
- $0
- Other
- $24,572
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,954
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $24,572
- Filer's total
- $156,526
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 · Written employment contract
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411089349300941
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