Totals
- Total revenue
- $82,172,987
- Total expenses
- $78,883,052
- Contributions and grants received
- $5,550,861
- Grants paid
- $10,299,985
- Program service revenue
- $76,132,913
- Investment income
- $231,482
- Other revenue
- $257,731
- Total assets, end of year
- $138,730,727
- Total liabilities, end of year
- $22,014,026
- Net assets or fund balances, end of year
- $116,716,701
- Program services expenses (Part IX)
- $56,722,924
- Management and general expenses
- $21,576,763
- Fundraising expenses
- $583,365
- Program service expenses (Part III)
- $56,722,924
Program services were 71.9% 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
$1,150
-
1e · Government grants (contributions)
$5,397,557
-
1f · All other contributions, gifts and grants
$152,154
-
1g · Noncash contributions included above
$18,000
-
2a · Program service revenue: Tuition and Fees
total $72,868,770 · related or exempt $72,868,770
-
2b · Program service revenue: Educational Clinic
total $1,106,225 · related or exempt $1,106,225
-
2c · Program service revenue: Dining and Other Auxiliary
total $1,103,996 · related or exempt $1,103,996
-
2d · Program service revenue: SYNAPSE MANAGEMENT SERVICES
total $1,053,922 · related or exempt $1,053,922
-
3 · Investment income
total $1,320,705 · excluded $1,320,705
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $41,470
-
6c · Rental income or loss
real property $41,470 · personal property $0
-
6d · Net rental income or loss
total $41,470 · excluded $41,470
-
7a · Gross sales of assets other than inventory
securities $18,614,492
-
7b · Less cost or other basis and sales expenses
securities $19,695,822 · other assets $7,893
-
7c · Gain or loss
securities -$1,081,330 · other assets -$7,893
-
7d · Net gain or loss
total -$1,089,223 · excluded -$1,089,223
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$877,604
-
10b · Cost of goods sold
$676,553
-
10c · Net income from sales of inventory
total $201,051 · related or exempt $116,899 · unrelated business $84,152
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $15,210 · related or exempt $15,210
-
11e · Other revenue, total
$15,210
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $65,000 · program services $65,000
-
2 · Grants to domestic individuals
total $10,234,985 · program services $10,234,985
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,623,526 · program services $379,736 · management and general $1,118,642 · fundraising $125,148
-
6 · Compensation of disqualified persons
total $90,504 · program services $90,504
-
7 · Other salaries and wages
total $27,241,100 · program services $20,763,248 · management and general $6,267,216 · fundraising $210,636
-
8 · Pension plan contributions
total $1,290,896 · program services $952,467 · management and general $328,397 · fundraising $10,032
-
9 · Other employee benefits
total $4,870,892 · program services $186,208 · management and general $4,684,684
-
10 · Payroll taxes
total $2,522,605 · program services $2,017,147 · management and general $487,191 · fundraising $18,267
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $337,739 · program services $23,052 · management and general $314,687
-
11c · Fees: accounting
total $135,190 · management and general $135,190
-
11d · Fees: lobbying
total $82,500 · management and general $82,500
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $2,872 · management and general $2,872
-
11g · Fees: other
total $1,949,268 · program services $1,526,569 · management and general $416,353 · fundraising $6,346
-
12 · Advertising and promotion
total $3,420,797 · program services $1,532,885 · management and general $1,884,001 · fundraising $3,911
-
13 · Office expenses
total $1,014,988 · program services $615,527 · management and general $381,927 · fundraising $17,534
-
14 · Information technology
total $4,356,079 · program services $2,616,683 · management and general $1,737,762 · fundraising $1,634
-
15 · Royalties
total $0
-
16 · Occupancy
total $7,349,763 · program services $5,970,795 · management and general $1,339,102 · fundraising $39,866
-
17 · Travel
total $825,338 · program services $537,030 · management and general $276,275 · fundraising $12,033
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,111,770 · program services $272,178 · management and general $723,276 · fundraising $116,316
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,979,414 · program services $3,871,205 · management and general $86,567 · fundraising $21,642
-
23 · Insurance
total $758,648 · program services $84,250 · management and general $674,398
-
24a · Other expenses: Seminar Expenses
total $2,259,445 · program services $2,259,445
-
24b · Other expenses: Student Life
total $1,717,249 · program services $1,709,774 · management and general $7,475
-
24c · Other expenses: Dues & Subscriptions
total $786,964 · program services $169,663 · management and general $617,301
-
24d · Other expenses: CLINICAL EXPENSES
total $331,455 · program services $331,455
-
24e · All other expenses
total $524,065 · program services $513,118 · management and general $10,947
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,528,017 · end of year $28,474,610
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $187,500 · end of year $205,000
-
4 · Accounts receivable
beginning of year $6,953,009 · end of year $8,012,660
-
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 $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $498,039 · end of year $726,226
-
9 · Prepaid expenses and deferred charges
beginning of year $3,181,598 · end of year $1,634,189
-
10a · Land, buildings and equipment: cost or other basis
$82,656,178
-
10b · Land, buildings and equipment: accumulated depreciation
$27,394,945
-
10c · Land, buildings and equipment, net
beginning of year $48,239,925 · end of year $55,261,233
-
11 · Investments: publicly traded securities
beginning of year $35,508,025 · end of year $40,237,060
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $3,223,235 · end of year $4,179,749
-
17 · Accounts payable and accrued expenses
beginning of year $18,006,473 · end of year $19,205,945
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $375,065 · end of year $168,965
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $508,232 · end of year $2,639,116
-
27 · Net assets without donor restrictions
beginning of year $108,639,578 · end of year $114,816,701
-
28 · Net assets with donor restrictions
beginning of year $1,790,000 · end of year $1,900,000
Mission and programs · 2022
Mission
PARKER UNIVERSITY IS A REGIONALLY ACCREDITED PRIVATE UNIVERSITY THAT OFFERS CERTIFICATE, UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS THROUGH MULTIPLE DELIVERY FORMATS AND LEARNING ENVIRONMENTS. THE UNIVERSITY ESPOUSES A CULTURE OF LIFELONG LEARNING, RESEARCH AND SERVICE. PARKER UNIVERSITY PROVIDES ITS DIVERSE POPULATION WITH SUPPORT SERVICES AND LEARNING OPPORTUNITIES TO DEVELOP THE NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT AND CAREER ADVANCEMENT.
Activities or mission (Part I)
PARKER UNIVERSITY IS A LEADING HEALTHCARE EDUCATOR, DEVELOPING SKILLED AND COMPASSIONATE PROFESSIONALS IN CHIROPRACTIC, ALLIED HEALTH AND BUSINESS-RELATED FIELDS.
-
THE UNIVERSITY'S DOCTOR OF CHIROPRACTIC PROGRAM IS BOTH RIGOROUS AN COMPREHENSIVE, LEVERAGING THE LATEST RESEARCH AND TECHNOLOGY AND FEATURING A RESEARCH FACILITY AND AN INTEGRATED CLINICAL EXPERIENCE AT ONE OF ITS TWO PUBLIC CLINICS OR THROUGH OFFSITE INTERNSHIPS AT PARTICIPATING HOSPITALS AND PRIVATE PRACTICES. THE PROGRAM IS DESIGNED TO DEVELOP SKILLED PROFESSIONALS DEVOTED TO THE PRACTICE OF COMPASSIONATE, PATIENT-CENTERED AND EVIDENCE-BASED CARE.
Expenses $32,516,858 · Grants $3,320,082 · Revenue $58,075,909
-
THE UNIVERSITY OFFERS CERTIFICATE, UNDERGRADUATE, AND GRADUATE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS IN ITS COLLEGE OF HEALTH SCIENCES AND ITS COLLEGE OF BUSINESS AND TECHNOLOGY. SUCH PROGRAMS FEATURE DYNAMIC LEARNING ENVIRONMENTS AND OFFER MULTIPLE DELIVERY FORMATS.
Expenses $17,207,491 · Grants $6,979,903 · Revenue $15,181,689
-
PARKER UNIVERSITY PROVIDES ETHICAL, WELL RESEARCHED, AND RELEVANT CONTINUING EDUCATION TO HEALTH AND WELLNESS PROFESSIONALS IN THE VIRTUAL CLASSROOM OR AT ONE OF ITS VARIOUS SEMINARS HOSTED ANNUALLY IN DALLAS OR LAS VEGAS.
Expenses $4,392,189 · Revenue $1,953,502
-
SYNAPSE MANAGEMENT SERVICES
Expenses $2,606,386 · Revenue $1,053,922
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William E Morgan DC
President
- Total calculated
- $625,738
- From this org
- $583,538
- From related orgs
- $0
- Other
- $42,200
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $489,236
- Bonus
- $50,000
- Other
- $44,302
- Deferred
- $17,400
- Nontaxable benefits
- $24,800
- Filer's total
- $625,738
-
Jayne Moschella DcJAYNE MOSCHELLA DC
EVP/PROVOST
- Total calculated
- $379,736
- From this org
- $351,642
- From related orgs
- $0
- Other
- $28,094
- Hours/week
- 48 + 2 related
Schedule J breakdown matched by us
- Base
- $291,672
- Bonus
- $58,770
- Other
- $1,200
- Deferred
- $17,622
- Nontaxable benefits
- $10,472
- Filer's total
- $379,736
-
Donald L McNutt
VP/CHIEF OPERATIONS OFFICER
- Total calculated
- $309,242
- From this org
- $270,078
- From related orgs
- $0
- Other
- $39,164
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $244,878
- Bonus
- $25,200
- Other
- $0
- Deferred
- $15,372
- Nontaxable benefits
- $23,792
- Filer's total
- $309,242
-
Clint GilchristCLINT GILCHRIST
VP & CFO END: 5/23
- Total calculated
- $308,810
- From this org
- $267,620
- From related orgs
- $0
- Other
- $41,190
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $238,388
- Bonus
- $29,232
- Other
- $0
- Deferred
- $13,565
- Nontaxable benefits
- $27,625
- Filer's total
- $308,810
-
Christopher Michael Williams
Chief Marketing Officer
- Total calculated
- $235,186
- From this org
- $211,488
- From related orgs
- $0
- Other
- $23,698
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $189,488
- Bonus
- $22,000
- Other
- $0
- Deferred
- $11,602
- Nontaxable benefits
- $12,096
- Filer's total
- $235,186
-
Patrick B Bodnar
Assistant Provost
- Total calculated
- $228,306
- From this org
- $194,019
- From related orgs
- $0
- Other
- $34,287
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $164,019
- Bonus
- $30,000
- Other
- $0
- Deferred
- $10,367
- Nontaxable benefits
- $23,920
- Filer's total
- $228,306
-
Trevor Kyle Jones
Chief Information Officer
- Total calculated
- $221,694
- From this org
- $193,421
- From related orgs
- $0
- Other
- $28,273
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $183,171
- Bonus
- $10,250
- Other
- $0
- Deferred
- $11,308
- Nontaxable benefits
- $16,965
- Filer's total
- $221,694
-
James Donald DishmanJAMES DONALD DISHMAN
Dean of Neurosciences
- Total calculated
- $210,594
- From this org
- $177,718
- From related orgs
- $0
- Other
- $32,876
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $177,718
- Bonus
- $0
- Other
- $0
- Deferred
- $4,930
- Nontaxable benefits
- $27,946
- Filer's total
- $210,594
-
Gregory G Godfrey
Senior Director of Admissions
- Total calculated
- $183,191
- From this org
- $163,481
- From related orgs
- $0
- Other
- $19,710
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $117,981
- Bonus
- $45,500
- Other
- $0
- Deferred
- $9,083
- Nontaxable benefits
- $10,627
- Filer's total
- $183,191
-
Amy Wood DcAMY WOOD DC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
George R LinscottGEORGE R LINSCOTT
treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Gery C Hochanadel PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John Huston
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Patrick MahaffeyPATRICK MAHAFFEY
SECRETARY START: 4/23
- Total calculated
- $0
- Hours/week
- 2
-
Robert E Rosenbaum MD FaansROBERT E ROSENBAUM MD FAANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Steven W Brooks DcSTEVEN W BROOKS DC
vice chairman
- Total calculated
- $0
- Hours/week
- 2
-
Dr Joseph Seabrooks
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Dilhar De Silva
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sean McKenna
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Dr Tony DeRamus
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Dr Richard Harris
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Oliver Smith Jr DC
Chairman End: 8/23
- Total calculated
- $0
- Hours/week
- 2
-
Vincent Scheffler DC CCSP
Secretary End: 4/23
- Total calculated
- $0
- Hours/week
- 2
-
Sandra McLean
VP Strategy&Culture Start:6/23
- Total calculated
- $0
- Hours/week
- 50
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 · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 1b · Written policy on the line-1a 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A
- BENEFITS PROVIDED TO INDIVIDUALS: THE UNIVERSITY DURING THE TAX YEAR GROSSED UP BONUSES PAID TO ITS EMPLOYEES, INCLUDING BUT NOT LIMITED TO LISTED PERSONS. THE ORGANIZATION PROVIDES BENEFITS AS INDICATED IN LINE 1A TO THE ORGANIZATION'S PRESIDENT WILLIAM MORGAN AS PART OF HIS TAXABLE COMPENSATION: HOUSING ALLOWANCE AND SPOUSAL TRAVEL.
- SCHEDULE J, PART I, LINE 1B
- WRITTEN POLICY: THE UNIVERSITY'S BYLAWS ESTABLISH THE SOLE AUTHORITY OF THE BOARD TO DESIGN AND ESTABLISH THE COMPENSATION PACKAGE OF THE PRESIDENT, INCLUDING THE PAYMENT OF BONUSES. DURING THE FISCAL YEAR, THE UNIVERSITY PUBLISHED A WRITTEN POLICY FOR THE GROSS UP OF BONUSES PAID TO EMPLOYEES.
- SCHEDULE J, PART I, LINE 7
- BONUS PAYMENTS PROVIDED TO PERSONS LISTED ON THE 990: THE EXECUTIVE COMMITTEE RECOMMENDS AND BOARD OF TRUSTEES MUST APPROVE BONUSES PAID TO THE PRESIDENT. PERFORMANCE-BASED BONUSES ARE PAID TO KEY EMPLOYEES AT THE DISCRETION OF THE PRESIDENT.
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
-
Texas Chiropractic Association
$65,000
General Support
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.
-
SYNAPSE HUMAN PERFORMANCE CENTERS
501(c)(3) · HEALTH CARE · TX · controlled entity
Directly controlled by PARKER
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431639349301413
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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