Totals
- Total revenue
- $54,779,071
- Total expenses
- $63,453,664
- Contributions and grants received
- $2,700,491
- Grants paid
- $14,551,814
- Program service revenue
- $49,717,126
- Investment income
- $2,097,391
- Other revenue
- $264,063
- Total assets, end of year
- $128,650,098
- Total liabilities, end of year
- $55,823,783
- Net assets or fund balances, end of year
- $72,826,315
- Program services expenses (Part IX)
- $57,818,323
- Management and general expenses
- $4,290,538
- Fundraising expenses
- $1,344,803
- Program service expenses (Part III)
- $57,818,323
Program services were 91.1% 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.
-
1d · Related organizations
$125,675
-
1e · Government grants (contributions)
$1,419,306
-
1f · All other contributions, gifts and grants
$1,155,510
-
2a · Program service revenue: TUITION AND FEES
total $45,831,158 · related or exempt $45,831,158
-
2b · Program service revenue: AUXILIARY
total $3,425,817 · related or exempt $3,425,817
-
2c · Program service revenue: MISCELLANEOUS REVENUE
total $460,151 · related or exempt $460,151
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $526,119 · excluded $526,119
-
6a · Gross rents
real property $264,063
-
6c · Rental income or loss
real property $264,063 · personal property $0
-
6d · Net rental income or loss
total $264,063 · related or exempt $264,063
-
7a · Gross sales of assets other than inventory
securities $14,853,410 · other assets $1,580,000
-
7b · Less cost or other basis and sales expenses
securities $13,921,419 · other assets $940,719
-
7c · Gain or loss
securities $931,991 · other assets $639,281
-
7d · Net gain or loss
total $1,571,272 · excluded $1,571,272
-
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.
-
2 · Grants to domestic individuals
total $14,551,814 · program services $14,551,814
-
5 · Compensation of officers, directors and key employees
total $994,281 · program services $884,911 · management and general $79,542 · fundraising $29,828
-
7 · Other salaries and wages
total $16,100,611 · program services $14,329,544 · management and general $1,288,049 · fundraising $483,018
-
8 · Pension plan contributions
total $533,000 · program services $474,370 · management and general $42,640 · fundraising $15,990
-
9 · Other employee benefits
total $3,645,062 · program services $3,244,105 · management and general $291,605 · fundraising $109,352
-
10 · Payroll taxes
total $1,295,868 · program services $1,153,323 · management and general $103,669 · fundraising $38,876
-
11b · Fees: legal
total $33,699 · management and general $33,699
-
11c · Fees: accounting
total $183,475 · management and general $183,475
-
11g · Fees: other
total $281,921 · program services $250,909 · management and general $22,554 · fundraising $8,458
-
12 · Advertising and promotion
total $179,689 · program services $159,923 · management and general $14,375 · fundraising $5,391
-
13 · Office expenses
total $2,154,663 · program services $1,917,650 · management and general $172,373 · fundraising $64,640
-
14 · Information technology
total $3,495,352 · program services $3,110,863 · management and general $279,628 · fundraising $104,861
-
16 · Occupancy
total $1,446,188 · program services $1,287,107 · management and general $115,695 · fundraising $43,386
-
17 · Travel
total $769,854 · program services $685,170 · management and general $61,588 · fundraising $23,096
-
20 · Interest
total $2,168,868 · program services $1,930,293 · management and general $173,509 · fundraising $65,066
-
22 · Depreciation, depletion and amortization
total $3,539,522 · program services $3,009,747 · management and general $518,171 · fundraising $11,604
-
23 · Insurance
total $447,138 · program services $397,953 · management and general $35,771 · fundraising $13,414
-
24a · Other expenses: OTHER PROFESSIONAL FEES
total $9,880,504 · program services $8,793,649 · management and general $790,440 · fundraising $296,415
-
24b · Other expenses: MISCELLANEOUS
total $1,046,943 · program services $931,780 · management and general $83,755 · fundraising $31,408
-
24c · Other expenses: BAD DEBT
total $705,212 · program services $705,212
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $235,072 · end of year $164,989
-
2 · Savings and temporary cash investments
beginning of year $3,249,697 · end of year $973,037
-
3 · Pledges and grants receivable
beginning of year $363,665 · end of year $77,799
-
4 · Accounts receivable
beginning of year $1,696,675 · end of year $1,441,842
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
8 · Inventories for sale or use
beginning of year $6,223 · end of year $5,498
-
9 · Prepaid expenses and deferred charges
beginning of year $289,529 · end of year $328,679
-
10a · Land, buildings and equipment: cost or other basis
$135,071,617
-
10b · Land, buildings and equipment: accumulated depreciation
$56,575,197
-
10c · Land, buildings and equipment, net
beginning of year $78,533,284 · end of year $78,496,420
-
11 · Investments: publicly traded securities
beginning of year $40,923,931 · end of year $41,342,790
-
12 · Investments: other securities
beginning of year $3,519,125 · end of year $5,811,158
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $188,401 · end of year $7,886
-
17 · Accounts payable and accrued expenses
beginning of year $3,486,192 · end of year $3,935,500
-
19 · Deferred revenue
beginning of year $4,367,023 · end of year $10,357,246
-
20 · Tax-exempt bond liabilities
beginning of year $17,312,495 · end of year $16,522,662
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $5,716,557 · end of year $4,265,665
-
25 · Other liabilities
beginning of year $20,626,157 · end of year $20,742,710
-
27 · Net assets without donor restrictions
beginning of year $59,016,652 · end of year $53,102,584
-
28 · Net assets with donor restrictions
beginning of year $18,480,526 · end of year $19,723,731
Mission and programs · 2022
Mission
THE MISSION OF MADONNA UNIVERSITY, A CATHOLIC AND FRANCISCAN INSTITUTION OF HIGHER LEARNING, IS TO INSTILL IN ITS STUDENTS CHRISTAIN HUMANISTIC VALUES, INTELLECTUAL INQUIRY, A RESPECT FOR UNIVERSITY AND A COMMITTMENT TO SERVING OTHERS THROUGH LIBERAL ARTS EDUCATION, INTEGRATED WITH CAREER PREPARATION, AND BASED ON THE TRUTHS AND PRINCIPLES RECOGNIZED WITHIN THE CATHOLIC TRADITION.
Activities or mission (Part I)
THE MISSION OF MADONNA UNIVERSITY, A CATHOLIC AND FRANCISCAN INSTITUTION OF HIGHER LEARNING, IS TO INSTILL IN ITS STUDENTS CHRISTIAN HUMANISTIC VALUES, INTELLECTUAL INQUIRY, A RESPECT FOR DIVERSITY, AND A COMMITMENT TO SERVING OTHERS THROUGH A LIBERAL ARTS EDUCATION, INTEGRATED WITH CAREER PREPARATION, AND BASED ON THE TRUTHS AND PRINCIPLES RECOGNIZED WITHIN THE CATHOLIC TRADITION.
-
PROVIDE HIGHER LEARNING INSTRUCTIONS: 1,752 STUDENTS IN UNDERGRADUATE CLASS. 314 STUDENTS IN GRADUATE CLASS. IN 2022-2023, 9 DOCTORAL DEGREES, 98 MASTER DEGREES, 510 BACHELOR DEGREES, 6 ASSOCIATES DEGREES AND 122 CERTIFICATES WERE AWARDED.
Expenses $57,818,323 · Grants $14,551,814 · Revenue $49,981,189
As filed on the 2022 return.
Listed in Part VII
-
David J Boyd
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Michael Obloy
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Bishop Donald F Hanchon
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Francis Berkemeier
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jim Woodworth
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Maria Holmes
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rodney Patterson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sr M Aquinas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Stella Evavgelista
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Steven Harte
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Timothy Turner
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christine Benson
Vice President Student Affairs
- Total calculated
- $108,935
- From this org
- $105,904
- From related orgs
- $0
- Other
- $3,031
- Hours/week
- 40
-
Deborah Dunn
Provost/VP Academic Administration
- Total calculated
- $171,244
- From this org
- $166,979
- From related orgs
- $0
- Other
- $4,265
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,979
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,265
- Filer's total
- $171,244
-
Ian Day
President
- Total calculated
- $247,633
- From this org
- $240,007
- From related orgs
- $0
- Other
- $7,626
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,007
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,626
- Filer's total
- $247,633
-
Matthew Rheinecker
Vice President Advancement
- Total calculated
- $127,138
- From this org
- $104,550
- From related orgs
- $0
- Other
- $22,588
- Hours/week
- 40
-
Assad Istephan
Professor
- Total calculated
- $135,562
- From this org
- $125,859
- From related orgs
- $0
- Other
- $9,703
- Hours/week
- 40
-
Karen Obsinuk
Dean
- Total calculated
- $126,462
- From this org
- $116,547
- From related orgs
- $0
- Other
- $9,915
- Hours/week
- 40
-
Kinjal Talati
Professor
- Total calculated
- $105,034
- From this org
- $102,656
- From related orgs
- $0
- Other
- $2,378
- Hours/week
- 40
-
Michele Proctor
Professor
- Total calculated
- $114,050
- From this org
- $105,228
- From related orgs
- $0
- Other
- $8,822
- Hours/week
- 40
-
Tara Kane
Dean
- Total calculated
- $132,675
- From this org
- $129,443
- From related orgs
- $0
- Other
- $3,232
- Hours/week
- 40
-
Michael Grandillo
Former President (LEFT 02/22)
- Total calculated
- $277,764
- From this org
- $273,816
- From related orgs
- $0
- Other
- $3,948
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $273,816
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,948
- Filer's total
- $277,764
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 3 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 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 PRESIDENT IS PROVIDED A HOUSING AND CAR ALLOWANCE. THE AMOUNT OF THIS BENEFIT IS INCLUDED IN THEIR TAXABLE INCOME. THE UNIVERSITY ALSO PAYS DUES DIRECTLY TO DETROIT ATHLETIC CLUB FOR THE PRESIDENT'S USE FOR BUSINESS PURPOSES. THESE DUES ARE NON TAXABLE.
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.
-
FELICIAN SISTERS OF N AMERICA INC
501(c)(3) · RELIGIOUS · PA
Directly controlled by NA
-
FELICIAN SERVICES INC
501(c)(3) · RELIGIOUS · IL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349310739
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