Totals
- Total revenue
- $186,719,383
- Total expenses
- $121,997,283
- Contributions and grants received
- $80,987,736
- Grants paid
- $41,974,263
- Program service revenue
- $96,556,638
- Investment income
- $8,982,187
- Other revenue
- $192,822
- Total assets, end of year
- $453,290,032
- Total liabilities, end of year
- $46,633,804
- Net assets or fund balances, end of year
- $406,656,228
- Program services expenses (Part IX)
- $103,642,039
- Management and general expenses
- $13,324,736
- Fundraising expenses
- $5,030,508
- Program service expenses (Part III)
- $103,642,039
Program services were 85.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$448,006
-
1e · Government grants (contributions)
$554,041
-
1f · All other contributions, gifts and grants
$79,985,689
-
1g · Noncash contributions included above
$1,220,795
-
2a · Program service revenue: Tuition and fees
total $75,054,616 · related or exempt $75,054,616 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Student Housing Fees
total $9,081,976 · related or exempt $9,081,976 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Food services
total $8,692,774 · related or exempt $8,692,774 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Health Center
total $339,811 · related or exempt $339,811 · unrelated business $0 · excluded $0
-
2e · Program service revenue: Bookstore commissions
total $148,195 · related or exempt $148,195 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $3,239,266 · related or exempt $3,239,266 · unrelated business $0 · excluded $0
-
3 · Investment income
total $6,960,780 · related or exempt $0 · unrelated business $2,633 · excluded $6,958,147
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $192,822 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $192,822 · personal property $0
-
6d · Net rental income or loss
total $192,822 · related or exempt $0 · unrelated business $0 · excluded $192,822
-
7a · Gross sales of assets other than inventory
securities $53,112,527 · other assets $67,159
-
7b · Less cost or other basis and sales expenses
securities $50,693,338 · other assets $464,941
-
7c · Gain or loss
securities $2,419,189 · other assets -$397,782
-
7d · Net gain or loss
total $2,021,407 · related or exempt $0 · unrelated business $0 · excluded $2,021,407
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $41,974,263 · program services $41,974,263
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,713,995 · program services $1,297,000 · management and general $298,077 · fundraising $118,918
-
6 · Compensation of disqualified persons
total $56,215 · program services $42,539 · management and general $9,776 · fundraising $3,900
-
7 · Other salaries and wages
total $28,534,989 · program services $21,592,755 · management and general $4,962,452 · fundraising $1,979,782
-
8 · Pension plan contributions
total $1,183,305 · program services $895,420 · management and general $205,786 · fundraising $82,099
-
9 · Other employee benefits
total $10,199,234 · program services $7,717,878 · management and general $1,773,724 · fundraising $707,632
-
10 · Payroll taxes
total $2,054,029 · program services $1,554,308 · management and general $357,211 · fundraising $142,510
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $235,593 · program services $178,276 · management and general $40,971 · fundraising $16,346
-
11c · Fees: accounting
total $158,121 · program services $0 · management and general $158,121 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $557,319 · program services $0 · management and general $557,319 · fundraising $0
-
11g · Fees: other
total $6,301,385 · program services $4,768,331 · management and general $1,095,859 · fundraising $437,195
-
12 · Advertising and promotion
total $509,122 · program services $385,259 · management and general $88,540 · fundraising $35,323
-
13 · Office expenses
total $827,717 · program services $626,343 · management and general $143,946 · fundraising $57,428
-
14 · Information technology
total $1,221,448 · program services $924,284 · management and general $212,419 · fundraising $84,745
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $2,354,027 · program services $1,781,320 · management and general $409,383 · fundraising $163,324
-
17 · Travel
total $2,902,547 · program services $2,196,391 · management and general $504,775 · fundraising $201,381
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,495,156 · program services $1,131,402 · management and general $260,019 · fundraising $103,735
-
20 · Interest
total $915,374 · program services $915,374 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $6,811,078 · program services $5,154,022 · management and general $1,184,498 · fundraising $472,558
-
23 · Insurance
total $734,034 · program services $555,452 · management and general $127,654 · fundraising $50,928
-
24a · Other expenses: Food Service Costs
total $5,706,100 · program services $5,706,100 · management and general $0 · fundraising $0
-
24b · Other expenses: Operating Supplies
total $1,513,437 · program services $1,145,235 · management and general $263,198 · fundraising $105,004
-
24c · Other expenses: Faculty/Staff Recruiting & Dev
total $381,643 · program services $288,793 · management and general $66,371 · fundraising $26,479
-
24d · Other expenses: Instructional Materials
total $180,391 · program services $180,391 · management and general $0 · fundraising $0
-
24e · All other expenses
total $3,476,761 · program services $2,630,903 · management and general $604,637 · fundraising $241,221
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $11,659,627 · end of year $3,074,233
-
3 · Pledges and grants receivable
beginning of year $51,267,485 · end of year $51,633,391
-
4 · Accounts receivable
beginning of year $1,316,861 · end of year $1,641,845
-
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
-
7 · Other notes and loans receivable
beginning of year $1,331,076 · end of year $957,811
-
8 · Inventories for sale or use
beginning of year $270,365 · end of year $222,433
-
9 · Prepaid expenses and deferred charges
beginning of year $900,612 · end of year $1,308,524
-
10a · Land, buildings and equipment: cost or other basis
$266,204,890
-
10b · Land, buildings and equipment: accumulated depreciation
$103,148,823
-
10c · Land, buildings and equipment, net
beginning of year $106,213,277 · end of year $163,056,067
-
11 · Investments: publicly traded securities
beginning of year $166,025,056 · end of year $207,961,719
-
12 · Investments: other securities
beginning of year $16,214,921 · end of year $15,110,132
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $19,727,672 · end of year $8,323,877
-
17 · Accounts payable and accrued expenses
beginning of year $8,281,020 · end of year $11,060,454
-
19 · Deferred revenue
beginning of year $340,688 · end of year $441,753
-
20 · Tax-exempt bond liabilities
beginning of year $30,873,344 · end of year $30,258,809
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $6,074,927 · end of year $4,872,788
-
27 · Net assets without donor restrictions
beginning of year $146,833,076 · end of year $181,697,612
-
28 · Net assets with donor restrictions
beginning of year $182,523,897 · end of year $224,958,616
Mission and programs · 2023
Mission
The mission of Taylor University is to develop servant-leaders marked with a passion to minister Christ's redemptive love, grace, and truth to a world in need.
Activities or mission (Part I)
Develop servant-leaders marked with a passion to minister Christ's redemptive love, grace, and truth to a world in need.
-
In order to advance our mission, Taylor University is committed to the following purposes: -Whole Person Focused: We involve students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development. -Biblically Anchored: We believe that all truth has its source in God and His Word. We are committed individually and collectively to the prayerful study and application of Scripture. -Liberal Arts Grounded: We prepare students to adapt to a fast-changing world, equipped with critical thinking skills, a lifelong love of learning, and an appreciation for God's creation. -Christ-Centered: Our Christian faith should permeate all learning-leading to a consistent life of worship, servant-leadership, stewardship, and world outreach. -Faith and Learning Integrated: We strive to create specific experiences where the integrative focus of a Christian liberal arts education is clarified, personalized, and applied. -World Engaging: We contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger, public community for the glory of God. -Servant-Leader Motivated: We foster a biblical model of relationships acknowledging both unity and diversity of the followers of Christ within a covenant community, which can be evidenced in a continuing lifestyle of service to and concern for others. At Taylor University we are actively seeking students who possess exceptional academic preparation and are ready to contribute to our robust learning community. This year's incoming freshman class had an average GPA of 3.81 and an ACT of 27. At Taylor University we will work hard to provide the people, the services, the tools, and the environment - in general, the resources - to help students successfully pursue their calling. These outstanding students help us get noticed. Taylor University, year after year, continues to receive recognition at the highest levels in the various college and university rankings. Taylor University tied for the ranking of #3 in the category Best Regional Colleges-Midwest from U.S. News & World Report and Taylor has remained in the top 3 in this ranking for the past 28 years. U.S. News & World Report also ranked Taylor #7 in Best Value Schools and #1 in Best Undergraduate Teaching for Regional Colleges-Midwest. Taylor was also highly ranked by The Princeton Review and Forbes. Each of the publications measured criteria that cited the academic excellence of Taylor's faculty and students, (current retention 91%, graduation rate 73%), the percentage of students studying abroad, and the investment made by alumni.
Expenses $103,642,039 · Grants $41,974,263 · Revenue $96,556,638
As filed on the 2023 return.
Listed in Part VII
-
Chris L Goeglein
Chair
- Total calculated
- $0
- Hours/week
- 6
-
Dan Wolgemuth
Treasurer
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Dr D Michael Lindsay
President
- Total calculated
- $654,183
- From this org
- $575,721
- From related orgs
- $0
- Other
- $78,462
- Hours/week
- 60 + 8 related
Schedule J breakdown matched by us
- Base
- $373,023
- Bonus
- $200,000
- Other
- $2,698
- Deferred
- $23,100
- Nontaxable benefits
- $55,362
- Filer's total
- $654,183
-
Heather Larson
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Manuel Rosado
Vice Chair
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Angela Angelovska-Wilson
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Bob Wright
Trustee beginning Feb 2024
- Total calculated
- $0
- Hours/week
- 2
-
Erik Hotmire
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Jana Murphy
Trustee beginning Feb 2024
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Jones
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jill Anschutz
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan Beukelman
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Karen Thomas
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Kathy Stevens
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Luther Whitfield
Trustee beginning Feb 2024
- Total calculated
- $0
- Hours/week
- 2
-
Mark D Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Mark Davis
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Minda Chow
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas Wallace
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
P Eric Turner
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Rhonda Jeter
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sarah Flick
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Shani P Wilfred
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Stephen L Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Tamara Shaya Hoffmann
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Stephen Olson
VP Business & Finance / CFO
- Total calculated
- $200,991
- From this org
- $164,078
- From related orgs
- $0
- Other
- $36,913
- Hours/week
- 40 + 12 related
Schedule J breakdown matched by us
- Base
- $149,718
- Bonus
- $14,000
- Other
- $360
- Deferred
- $9,483
- Nontaxable benefits
- $27,430
- Filer's total
- $200,991
-
Holly Whitby
VP of Enrollment & Marketing
- Total calculated
- $222,681
- From this org
- $192,668
- From related orgs
- $0
- Other
- $30,013
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $168,132
- Bonus
- $24,000
- Other
- $536
- Deferred
- $10,212
- Nontaxable benefits
- $19,801
- Filer's total
- $222,681
-
Jewerl Maxwell
Provost
- Total calculated
- $213,911
- From this org
- $180,096
- From related orgs
- $0
- Other
- $33,815
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,856
- Bonus
- $16,000
- Other
- $240
- Deferred
- $10,092
- Nontaxable benefits
- $23,723
- Filer's total
- $213,911
-
Mike Falder
VP for University Advancement
- Total calculated
- $192,451
- From this org
- $157,723
- From related orgs
- $0
- Other
- $34,728
- Hours/week
- 20 + 31 related
Schedule J breakdown matched by us
- Base
- $134,260
- Bonus
- $20,000
- Other
- $3,463
- Deferred
- $8,510
- Nontaxable benefits
- $26,218
- Filer's total
- $192,451
-
Will Hagen
VP for Strategy and Chief of Staff
- Total calculated
- $189,647
- From this org
- $159,245
- From related orgs
- $0
- Other
- $30,402
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $129,057
- Bonus
- $30,000
- Other
- $188
- Deferred
- $7,992
- Nontaxable benefits
- $22,410
- Filer's total
- $189,647
-
Chris Jones
VP & Chief Information Officer
- Total calculated
- $168,329
- From this org
- $134,271
- From related orgs
- $0
- Other
- $34,058
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $119,911
- Bonus
- $14,000
- Other
- $360
- Deferred
- $7,623
- Nontaxable benefits
- $26,435
- Filer's total
- $168,329
-
Coein Skip Trudeau
VP of Student Services
- Total calculated
- $168,707
- From this org
- $136,571
- From related orgs
- $0
- Other
- $32,136
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $124,987
- Bonus
- $10,000
- Other
- $1,584
- Deferred
- $7,841
- Nontaxable benefits
- $24,295
- Filer's total
- $168,707
-
Greg Dyson
VP for Spiritual Life & Intercultural Leadership
- Total calculated
- $161,601
- From this org
- $129,858
- From related orgs
- $0
- Other
- $31,743
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $118,856
- Bonus
- $10,000
- Other
- $1,002
- Deferred
- $7,505
- Nontaxable benefits
- $24,238
- Filer's total
- $161,601
-
Ron Sutherland
Special Assistant to the President
- Total calculated
- $158,808
- From this org
- $127,680
- From related orgs
- $0
- Other
- $31,128
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $116,306
- Bonus
- $10,000
- Other
- $1,374
- Deferred
- $7,335
- Nontaxable benefits
- $23,793
- Filer's total
- $158,808
-
Vance Maloney
Faculty Member
- Total calculated
- $173,100
- From this org
- $142,480
- From related orgs
- $0
- Other
- $30,620
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $138,939
- Bonus
- $1,000
- Other
- $2,541
- Deferred
- $7,265
- Nontaxable benefits
- $23,355
- Filer's total
- $173,100
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
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- The University President lives in a residence that is located on the campus of the University. The President is required to live in the residence as a condition of employment. The residence is furnished for the convenience of the University and the President regularly uses it to conduct University business. The value provided to President D. Michael Lindsay was $24,000 for tax year 2023. The amounts were nontaxable.
- Schedule J, Part I, Line 1a Personal services
- University staff clean the public areas of the President's residence and maintain the residence and its grounds. The value of such services were not treated as taxable compensation to President D. Michael Lindsay for tax year 2023.
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.
-
Taylor University Foundation Inc
501(c)(3) · Support Taylor University · IN · controlled entity
Directly controlled by Taylor University
-
Taylor University Broadcasting Inc
501(c)(3) · Christian Broadcasting · IN · controlled entity
Directly controlled by Taylor University
-
501(c)(3) · Support Taylor University · IN · controlled entity
Directly controlled by Taylor University
-
501(c)(3) · Support Taylor University · DE · controlled entity
Directly controlled by Taylor University
-
501(c)(3) · Support Taylor University · DE · controlled entity
Directly controlled by TUCC Inc
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.
-
Taylor Angel Fund LLC
New business/research endeavors · IN · income $0 · assets $0
Directly controlled by Taylor University
-
1846 Real Estate 1809 Main Street LLC
Real estate · IN · income $124,132 · assets $1,924,608
Directly controlled by Taylor University
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Charitable Remainder Trusts (1)
Trust · Charitable Trusts · CA · controlled entity
Directly controlled by Taylor University
-
Charitable Remainder Trusts (10)
Trust · Charitable Trusts · IN · controlled entity
Directly controlled by Taylor University
-
Charitable Remainder Trusts (1)
Trust · Charitable Trusts · MI · controlled entity
Directly controlled by Taylor University
-
Charitable Remainder Trusts (1)
Trust · Charitable Trusts · MO · controlled entity
Directly controlled by Taylor University
-
Charitable Remainder Trusts (1)
Trust · Charitable Trusts · OH · controlled entity
Directly controlled by Taylor University
-
Pooled Income Funds (2)
Trust · Pooled Income Fund · DE · controlled entity
Directly controlled by Taylor University
-
1846 Real Estate Kershner Commons LLC
C Corporation · Real estate · IN
Directly controlled by 1846 Enterprises Inc
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501059349302585
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