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Nonprofiteer
← LINDENWOOD EDUCATION SYSTEM

Form 990 for tax year 2023

Filed by LINDENWOOD EDUCATION SYSTEM.

Totals

Total revenue
$165,455,799
Total expenses
$184,276,456
Contributions and grants received
$4,467,143
Grants paid
$40,160,098
Program service revenue
$140,123,297
Investment income
$18,258,875
Other revenue
$2,606,484
Total assets, end of year
$392,886,668
Total liabilities, end of year
$20,979,818
Net assets or fund balances, end of year
$371,906,850
Program services expenses (Part IX)
$162,661,484
Management and general expenses
$19,752,813
Fundraising expenses
$1,862,159
Program service expenses (Part III)
$162,661,484

Program services were 88.3% 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

    $191,844

  • 1e · Government grants (contributions)

    $730,773

  • 1f · All other contributions, gifts and grants

    $3,544,526

  • 1g · Noncash contributions included above

    $1,850,793

  • 2a · Program service revenue: INSTRUCTION & AUXILIARY

    total $136,290,617 · related or exempt $136,290,617

  • 2b · Program service revenue: DORSEY SCHOOL OF BEAUTY

    total $3,832,680 · related or exempt $3,832,680

  • 3 · Investment income

    total $14,808,076 · excluded $14,808,076

  • 6a · Gross rents

    real property $1,318,591

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,318,591

  • 6d · Net rental income or loss

    total $1,318,591 · excluded $1,318,591

  • 7a · Gross sales of assets other than inventory

    securities $40,511,179 · other assets $999,397

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

    securities $37,590,186 · other assets $469,591

  • 7c · Gain or loss

    securities $2,920,993 · other assets $529,806

  • 7d · Net gain or loss

    total $3,450,799 · excluded $3,450,799

  • 8a · Fundraising events: gross income

    $90,264

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

    $191,844

  • 8b · Fundraising events: direct expenses

    $143,165

  • 8c · Net income from fundraising events

    total -$52,901 · excluded -$52,901

  • 11d · All other revenue

    total $1,340,794 · related or exempt $1,340,794

  • 11e · Other revenue, total

    $1,340,794

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $40,160,098 · program services $40,160,098

  • 5 · Compensation of officers, directors and key employees

    total $3,748,413 · program services $1,083,337 · management and general $2,140,698 · fundraising $524,378

  • 7 · Other salaries and wages

    total $56,738,057 · program services $51,438,000 · management and general $4,713,563 · fundraising $586,494

  • 8 · Pension plan contributions

    total $1,544,514 · program services $1,215,053 · management and general $308,636 · fundraising $20,825

  • 9 · Other employee benefits

    total $5,984,960 · program services $6,091,956 · management and general -$165,794 · fundraising $58,798

  • 10 · Payroll taxes

    total $4,152,946 · program services $3,198,573 · management and general $880,626 · fundraising $73,747

  • 11b · Fees: legal

    total $482,534 · program services $42,950 · management and general $439,584

  • 11c · Fees: accounting

    total $429,067 · program services $41,933 · management and general $387,134

  • 11f · Fees: investment management

    total $494,766 · management and general $494,766

  • 11g · Fees: other

    total $12,156,763 · program services $10,116,457 · management and general $1,871,809 · fundraising $168,497

  • 12 · Advertising and promotion

    total $2,711,394 · program services $1,794,530 · management and general $880,994 · fundraising $35,870

  • 13 · Office expenses

    total $1,440,099 · program services $1,161,951 · management and general $236,682 · fundraising $41,466

  • 14 · Information technology

    total $4,982,475 · program services $4,483,155 · management and general $499,320

  • 16 · Occupancy

    total $610,324 · program services $598,198 · management and general $1,046 · fundraising $11,080

  • 17 · Travel

    total $249,587 · program services $215,205 · management and general $5,179 · fundraising $29,203

  • 20 · Interest

    total $21,049 · program services $21,049

  • 22 · Depreciation, depletion and amortization

    total $12,827,190 · program services $11,262,417 · management and general $1,564,773

  • 23 · Insurance

    total $1,405,305 · program services $1,136,076 · management and general $269,229

  • 24a · Other expenses: FOOD SERVICE

    total $9,188,630 · program services $9,188,630

  • 24b · Other expenses: ATHLETICS

    total $7,180,796 · program services $7,180,796

  • 24c · Other expenses: UTILITIES

    total $4,600,446 · program services $4,013,702 · management and general $586,744

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $1,992,197 · program services $1,699,425 · management and general $292,566 · fundraising $206

  • 24e · All other expenses

    total $11,174,846 · program services $6,517,993 · management and general $4,345,258 · fundraising $311,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,529,625 · end of year $7,498,585

  • 2 · Savings and temporary cash investments

    beginning of year $515,553 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,366,497 · end of year $2,586,905

  • 4 · Accounts receivable

    beginning of year $6,470,861 · end of year $6,438,507

  • 5 · Loans and receivables from officers and key people

    beginning of year $3,000,000 · end of year $2,000,000

  • 7 · Other notes and loans receivable

    beginning of year $197,706 · end of year $75,741

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,301,443 · end of year $3,542,177

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

    $391,376,965

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

    $193,571,616

  • 10c · Land, buildings and equipment, net

    beginning of year $203,464,752 · end of year $197,805,349

  • 11 · Investments: publicly traded securities

    beginning of year $181,986,373 · end of year $161,125,617

  • 12 · Investments: other securities

    beginning of year $3,228,005 · end of year $3,458,069

  • 14 · Intangible assets

    beginning of year $2,557,712 · end of year $2,557,712

  • 15 · Other assets

    beginning of year $27,473,382 · end of year $5,798,006

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,911,337 · end of year $11,412,846

  • 19 · Deferred revenue

    beginning of year $3,564,315 · end of year $3,816,055

  • 23 · Secured mortgages and notes payable

    beginning of year $31,960,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,985,670 · end of year $5,750,917

  • 27 · Net assets without donor restrictions

    beginning of year $361,514,785 · end of year $344,352,229

  • 28 · Net assets with donor restrictions

    beginning of year $26,155,802 · end of year $27,554,621

Mission and programs · 2023

Mission

REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES. SEE SCHEDULE O.VALUES:WE PUT OUR STUDENTS FIRST. WE HAVE AN UNWAVERING COMMITMENT TO PROVIDING THE HIGHEST QUALITY EDUCATION, SERVICE, AND EXPERIENCE BY CONNECTING WITH OUR STUDENTS AT EVERY INTERACTION IN THEIR EDUCATIONAL JOURNEY AND BEYOND.WE THRIVE TOGETHER. AS TEAM MEMBERS, WE FOSTER A COMMUNITY FOUNDED ON COLLABORATION, AUTHENTICITY, SUPPORT, AND UNDERSTANDING.WE DO WHAT IS RIGHT. WE WORK HARD AND HOLD OURSELVES ACCOUNTABLE FOR OUR DECISIONS, ACTIONS, AND WORDS.WE HAVE GRIT. WE RELENTLESSLY PURSUE INNOVATION, ADAPTABILITY, AND CONTINUOUS LEARNING, EVEN IN THE PRESENCE OF CHALLENGES.

Activities or mission (Part I)

REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES.

  • SEE SCHEDULE OLINDENWOOD UNIVERSITY: INSTRUCTIONAL AND LIBRARY - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING AN UNDERGRADUATE, GRADUATE, EDUCATION SPECIALIST, AND DOCTORAL DEGREES SERVING APPROXIMATELY 6,181 FULL-TIME EQUIVALENT STUDENTS AS OF THE FISCAL YEAR ENDED 6/30/2024. APPROXIMATELY 10,951 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS, LINDENWOOD HAS A STUDENT ACTIVITIES OFFICE THAT SERVES AS A COORDINATING CENTER ON CAMPUS AND WORKS WITH OVER 90 STUDENT CLUBS AND ORGANIZATIONS TO FACILITATE THEIR ACTIVITIES AND PROJECTS. THE ATHLETIC DEPARTMENT HAS 26 NCAA DIVISION I SPORTS FOR MEN AND WOMEN AND 14 OTHER NATIONALLY AFFILIATED SPORTS. AUXILIARY - STUDENT ROOM AND BOARD AND AS OF FISCAL YEAR 6/30/2024, APPROXIMATELY 2,439 STUDENTS WERE SERVED.

    Expenses $159,474,091 · Grants $40,157,899 · Revenue $137,631,411

  • SEE SCHEDULE ODORSEY SCHOOL OF BEAUTY IS COMMITTED TO PROVIDING QUALITY CAREER EDUCATION AND POSITIVE REINFORCEMENT TO ENABLE THE DEVELOPMENT OF SELF-ESTEEM, SELF-RELIANCE, PROFESSIONALISM AND CONFIDENCE IN ALL STUDENTS COUPLED WITH AN OBLIGATION TO SUPPORT THE DIVERSE COMMUNITIES IN WHICH THEY LIVE AND WORK. THE COLLEGE REMAINS A COMMITTED CAREER TRAINING SCHOOL THAT PREPARES INDIVIDUALS FOR PROMISING CAREER OPPORTUNITIES IN THE BEAUTY FIELDS.PROGRAM SERVICE ACCOMPLISHMENTS: INSTRUCTIONAL - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING CERTIFICATE AND ASSOCIATE DEGREES SERVING APPROXIMATELY 180 STUDENTS AS OF THE FISCAL YEAR ENDED 6/30/2024. APPROXIMATELY 520 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS.

    Expenses $3,187,393 · Grants $2,199 · Revenue $3,832,680

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Porter

    PRESIDENT

    Total calculated
    $754,453
    From this org
    $722,569
    From related orgs
    $0
    Other
    $31,884
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $503,875
    Bonus
    $218,694
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $15,384
    Filer's total
    $754,453

  • Joe Sallustio

    SR VP, STUDENT EXP. (THRU 5/2024)

    Total calculated
    $459,056
    From this org
    $423,344
    From related orgs
    $0
    Other
    $35,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,344
    Bonus
    $155,000
    Other
    $0
    Deferred
    $21,670
    Nontaxable benefits
    $14,042
    Filer's total
    $459,056

  • Mark Falkowski

    GENERAL COUNSEL

    Total calculated
    $396,987
    From this org
    $367,925
    From related orgs
    $0
    Other
    $29,062
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $299,591
    Bonus
    $68,334
    Other
    $0
    Deferred
    $15,920
    Nontaxable benefits
    $13,142
    Filer's total
    $396,987

  • Rob Westervelt

    VICE PRESIDENT, ENROLLMENT

    Total calculated
    $314,388
    From this org
    $285,845
    From related orgs
    $0
    Other
    $28,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,511
    Bonus
    $68,334
    Other
    $0
    Deferred
    $14,501
    Nontaxable benefits
    $14,042
    Filer's total
    $314,388

  • John Kaufhold

    CHIEF FINANCIAL OFFICER

    Total calculated
    $299,723
    From this org
    $278,551
    From related orgs
    $0
    Other
    $21,172
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $278,551
    Bonus
    $0
    Other
    $0
    Deferred
    $13,037
    Nontaxable benefits
    $8,135
    Filer's total
    $299,723

  • Tj Rains

    VICE PRESIDENT, IT

    Total calculated
    $290,998
    From this org
    $263,289
    From related orgs
    $0
    Other
    $27,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,955
    Bonus
    $33,334
    Other
    $0
    Deferred
    $13,667
    Nontaxable benefits
    $14,042
    Filer's total
    $290,998

  • Deb Ayres

    SENIOR VICE PRESIDENT, HR

    Total calculated
    $279,856
    From this org
    $266,415
    From related orgs
    $0
    Other
    $13,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,415
    Bonus
    $10,000
    Other
    $0
    Deferred
    $13,441
    Nontaxable benefits
    $0
    Filer's total
    $279,856

  • Bethany Alden-Rivers

    PROVOST/VP, ACDM. AFF. (THRU 5/2024)

    Total calculated
    $270,978
    From this org
    $247,081
    From related orgs
    $0
    Other
    $23,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,081
    Bonus
    $10,000
    Other
    $0
    Deferred
    $10,755
    Nontaxable benefits
    $13,142
    Filer's total
    $270,978

  • Diane Moore

    SENIOR VICE PRESIDENT, OPERATIONS

    Total calculated
    $267,843
    From this org
    $249,573
    From related orgs
    $0
    Other
    $18,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,573
    Bonus
    $10,000
    Other
    $0
    Deferred
    $12,600
    Nontaxable benefits
    $5,670
    Filer's total
    $267,843

  • Orrie Covert

    VP, ADVANCEMENT AND COMMUNITY ENG.

    Total calculated
    $250,681
    From this org
    $224,768
    From related orgs
    $0
    Other
    $25,913
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,434
    Bonus
    $8,334
    Other
    $0
    Deferred
    $11,871
    Nontaxable benefits
    $14,042
    Filer's total
    $250,681

  • Jason Coomer

    VP, INTERCOLLEGIATE ATHLETICS

    Total calculated
    $229,673
    From this org
    $211,548
    From related orgs
    $0
    Other
    $18,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,548
    Bonus
    $0
    Other
    $0
    Deferred
    $10,750
    Nontaxable benefits
    $7,375
    Filer's total
    $229,673

  • Cynthia Schroeder

    DEAN, COLLEGE OF SCIENCE, TECH & HEALTH

    Total calculated
    $211,929
    From this org
    $196,423
    From related orgs
    $0
    Other
    $15,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,423
    Bonus
    $6,000
    Other
    $0
    Deferred
    $9,836
    Nontaxable benefits
    $5,670
    Filer's total
    $211,929

  • Kathi Vosevich

    DEAN, COLLEGE OF ARTS & HUMANITIES

    Total calculated
    $211,608
    From this org
    $196,106
    From related orgs
    $0
    Other
    $15,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,106
    Bonus
    $6,000
    Other
    $0
    Deferred
    $9,832
    Nontaxable benefits
    $5,670
    Filer's total
    $211,608

  • Jeanine Cotter

    VP, BUSINESS DEV. (THRU 12/2023)

    Total calculated
    $205,777
    From this org
    $196,649
    From related orgs
    $0
    Other
    $9,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,026
    Bonus
    $8,334
    Other
    $8,289
    Deferred
    $4,358
    Nontaxable benefits
    $4,770
    Filer's total
    $205,777

  • Jed Stugart

    HEAD COACH, FOOTBALL

    Total calculated
    $202,447
    From this org
    $178,955
    From related orgs
    $0
    Other
    $23,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,955
    Bonus
    $25,000
    Other
    $0
    Deferred
    $9,450
    Nontaxable benefits
    $14,042
    Filer's total
    $202,447

  • Jennifer Mack

    DEAN, PLASTER COLLEGE OF BUSINESS

    Total calculated
    $189,297
    From this org
    $170,698
    From related orgs
    $0
    Other
    $18,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,698
    Bonus
    $0
    Other
    $0
    Deferred
    $8,837
    Nontaxable benefits
    $9,762
    Filer's total
    $189,297

  • Sara Wiedman

    ASSOC. VP, FINANCIAL PLANNING

    Total calculated
    $173,394
    From this org
    $159,647
    From related orgs
    $0
    Other
    $13,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,647
    Bonus
    $0
    Other
    $0
    Deferred
    $8,077
    Nontaxable benefits
    $5,670
    Filer's total
    $173,394

  • Donald Tuttle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jo Anna Pollock

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Justin Foust

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cheryl Matejka

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chip Peterson

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Laura Taylor

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lashanda Barnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia Frisina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hal Gentry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Mason

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patricia Penkoske

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jerry E Scheidegger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary N Shaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jimmy Williams

    BOARD MEMBER (THRU 11/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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)

PART I, LINE 4A
JEANINE COTTER $8,289

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.

  • DORSEY COLLEGE HOLDINGS

    501(C)(3) · EDUCATIONAL INSTITUTIONS · MI · controlled entity

    Directly controlled by LINDENWOOD UNIVERSITY

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.

  • LINDENWOOD HOLDINGS LLC

    EDUCATIONAL INSTITUTION · DE · income $3,830,481 · assets $4,700,561

    Directly controlled by LINDENWOOD EDUCATION SYSTEM

  • LINDENWOOD UNIVERSITY LLC

    EDUCATIONAL INSTITUTION · MO · income $123,787,899 · assets $390,981,903

    Directly controlled by LINDENWOOD EDUCATION SYSTEM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LINDENGAGE CORP

    C · INFORMATION TECHNOLOGY SERVICES · DE · 100% owned

    Directly controlled by LINDENWOOD UNIVERSITY

  • CHARITABLE REMAINDER TRUSTS (3)

    T · CHARITABLE REMAINDER · MO

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202531199349302528

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