Aurora University
- Assets
- $241.9m
- Revenue
- $160.8m
- Investments
- $5.8m
- Employees
- 1,752
- Location
- Aurora, IL
- Founding
- 09/1941
- Data as of
- 06/2021
- EIN
- 36-2166964
Organization Overview
Aurora University is located in Aurora, IL. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Aurora University employed 1,752 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aurora University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Aurora University generated $160.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $148.9m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AURORA UNIVERSITY PROVIDES POST-SECONDARY EDUCATION AND RELATED ACTIVITIES AND SUPPORT SERVICES TO 4,517 UNDERGRADUATE STUDENTS AND 2,597 GRADUATE STUDENTS ON ITS THREE LOCATIONS IN AURORA, ILLINOIS WILLIAMS BAY, WISCONSIN AND WOODSTOCK, ILLINOIS, AS WELL AS ON-LINE AND VARIOUS OTHER LOCATIONS. DURING THE YEAR, AU GRADUATED 1,156 STUDENTS WITH BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, AND 1,025 STUDENTS WITH GRADUATE DEGREES INCLUDING EDUCATION, SOCIAL WORK, AND BUSINESS. AS PART OF ITS MISSION, THE UNIVERSITY OFFERS CULTURAL AND EDUCATIONAL OPPORTUNITIES TO ITS STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY.
AURORA UNIVERSITY HAS RESIDENCE HALL CAPACITY OF 639 BEDS ON ITS AURORA CAMPUS, AS WELL AS, OFFERING HOUSING SERVICES FOR ITS GRADUATE AND UNDERGRADUATE STUDENTS ON ITS WISCONSIN CAMPUS. FOOD SERVICE FOR STUDENTS AND STAFF IS PROVIDED AT THREE LOCATIONS ON THE AURORA CAMPUS AND A DINING HALL ON THE WISCONSIN CAMPUS. ADDITIONALLY, A BOOKSTORE ON THE AURORA CAMPUS SELLS TEXTBOOKS, SUPPLIES AND MISCELLANEOUS CONVENIENCE ITEMS TO STUDENTS, FACULTY AND STAFF. GEORGE WILLIAMS COLLEGE CAMPUS PROVIDES FOOD SERVICES, LODGING AND MEETING ROOMS FOR ALL INDIVIDUALS PARTICIPATING IN A CONFERENCE OR SEMINAR. THE PROGRAM ANNUALLY PROVIDES SERVICES TO VARIOUS SCHOOLS, CHURCHES, HUMAN SERVICE ORGANIZATIONS AND RETREAT/PROGRAM GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca L Sherrick President | OfficerTrustee | 40 | $708,793 |
Donald Beebe Head Football Coach | 40 | $270,301 | |
Lora L DE Lacey Thru 53122 Executive Vice President | 40 | $266,554 | |
Sharon W Maxwell Treasurer/ Sr VP Finance | Officer | 40 | $270,401 |
Deborah Maue Senior Vice President For Enro | 40 | $230,903 | |
Frank Buscherthru 103121 VP For Academic Affairs | 40 | $234,445 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boldt Construction Construction | 6/29/22 | $10,252,004 |
Wiley Education Services Online Class Mgmt | 6/29/22 | $7,470,984 |
Compass Group Usa Food Service Mgmt | 6/29/22 | $4,793,168 |
Southeast Service Ssc Facilities Service | 6/29/22 | $3,710,442 |
Cordogan Clark Associates Engineering/architec | 6/29/22 | $1,249,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,367,706 |
| Investment income | $1,791,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,169 |
| Net Rental Income | $125,385 |
| Net Gain/Loss on Asset Sales | $2,231,934 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $147,586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,759,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $60,794,306 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,127,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,433,470 |
| Pension plan accruals and contributions | $982,452 |
| Other employee benefits | $3,971,075 |
| Payroll taxes | $3,213,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,972 |
| Fees for services: Accounting | $145,301 |
| Fees for services: Lobbying | $100,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,333 |
| Fees for services: Other | $16,646,769 |
| Advertising and promotion | $535,324 |
| Office expenses | $4,146,349 |
| Information technology | $2,548,458 |
| Royalties | $0 |
| Occupancy | $1,643,431 |
| Travel | $258,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,899 |
| Interest | $598,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,894,725 |
| Insurance | $816,982 |
| All other expenses | $0 |
| Total functional expenses | $148,872,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,065,483 |
| Savings and temporary cash investments | $19,141,132 |
| Pledges and grants receivable | $432,691 |
| Accounts receivable, net | $1,341,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $317,067 |
| Prepaid expenses and deferred charges | $1,406,679 |
| Investments—publicly traded securities | $47,279,047 |
| Investments—other securities | $5,791,224 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $241,910,943 |
| Accounts payable and accrued expenses | $12,152,423 |
| Grants payable | $0 |
| Deferred revenue | $4,836,268 |
| Tax-exempt bond liabilities | $50,411,124 |
| Escrow or custodial account liability | $93,371 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $326,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,175,837 |
| Total liabilities | $70,995,908 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $170,915,035 |
Grants Awarded
Over the last fiscal year, Aurora University has awarded $30,317 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS OF AURORA INC PURPOSE: FEDERAL WORK STUDY PROGRAM | $12,784 |
FOX VALLEY PARK DISTRICT PURPOSE: FEDERAL WORK STUDY PROGRAM | $17,533 |