Depaul University
- Assets
- $1.8b
- Revenue
- $889.3m
- Investments
- $143.8m
- Employees
- 8,451
- Location
- Chicago, IL
- Founding
- 10/1952
- Data as of
- 06/2022
- EIN
- 36-2167048
Organization Overview
Depaul University is located in Chicago, IL. The organization was established in 1952. 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, Depaul University employed 8,451 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Depaul 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 06/2022, Depaul University generated $889.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $822.3m during the year ending 06/2022. While expenses have increased by 2.0% 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.
Since 2015, Depaul University has awarded 246 individual grants totaling $13,453,305. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS AN INNOVATIVE CATHOLIC, VINCENTIAN UNIVERSITY ANCHORED (CONTINUED IN SCHEDULE O)
Describe the Organization's Program Activity:
INSTRUCTION - FALL ENROLLMENT FOR THE 2021/22 ACADEMIC YEAR TOTALED 21,670, MAKING DEPAUL THE NATION'S LARGEST CATHOLIC UNIVERSITY FOR THE TWENTY-THIRD CONSECUTIVE YEAR. THE ABOVE TOTAL INCLUDED 14,294 UNDERGRADUATE STUDENTS AND 7,376 GRADUATE AND PROFESSIONAL STUDENTS. OF THE UNIVERSITY'S TOTAL ENROLLMENT, FOR THE 2021/22 ACADEMIC YEAR, APPROXIMATELY 43 % WERE STUDENTS OF COLOR AND APPROXIMATELY 55 % WERE WOMEN. THE UNIVERSITY OFFERED NEARLY 300 COMPREHENSIVE AND INNOVATIVE UNDERGRADUATE AND GRADUATE PROGRAMS DURING THE 2021/22 ACADEMIC YEAR, ALONG WITH A BROAD CURRICULUM FOR ADULT CONTINUING EDUCATION.
STUDENT AND OTHER FINANCIAL AID - THIS CATEGORY INCLUDES EXPENDITURES FOR ALL FORMS OF INSTITUTIONAL AID AND ACCOUNTED FOR APPROXIMATELY 36% OF TOTAL UNIVERSITY EXPENSES, MAKING IT SECOND ONLY TO SALARIES AND BENEFITS AS THE LARGEST EXPENDITURE CATEGORY IN TERMS OF BOTH PERCENTAGE AND DOLLARS. OVER $293 MILLION OF THE TOTAL EXPENDITURES REPRESENTED AID, WHICH PROVIDED FINANCIAL ASSISTANCE TO THE UNIVERSITY'S STUDENTS DURING THE ACADEMIC YEAR. IN ADDITION, THE ABOVE TOTAL ALSO INCLUDES OVER $12 MILLION IN AID TO UNIVERSITY FACULTY AND STAFF, INCLUDING THEIR SPOUSES AND DEPENDENTS, IN THE FORM OF EMPLOYEE TUITION WAIVERS, WHICH ARE PROVIDED AS PART OF A WRITTEN BENEFITS PROGRAM AVAILABLE TO ALL QUALIFYING UNIVERSITY EMPLOYEES.
STUDENT SERVICES - THIS CATEGORY CONSISTS OF STUDENT RELATED EXPENDITURES OTHER THAN THOSE RELATED TO INSTRUCTION, INCLUDE GRADUATION AND ADVERTISING EXPENSES. EXPENSES RELATED TO OFFICES THAT SUPPORT THE UNIVERSITY'S STUDENTS, SUCH AS THE UNIVERSITY'S ENROLLMENT MANAGEMENT OFFICE, UNIVERSITY MINISTRY, CAREER CENTER, STUDENT AFFAIRS, FINANCIAL AID OFFICE, REGISTRAR, AND STUDENT LIFE OFFICES ARE ALSO INCLUDED IN THIS CATEGORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Gabriel Esteban PHD President & Trustee | OfficerTrustee | 50 | $937,621 |
Mr Gerald A Beeson Chair & Trustee | OfficerTrustee | 1 | $0 |
Ms Judith P Greffin Vice Chair | Trustee | 1 | $0 |
Mr Harry J Harczak Vice Chair | Trustee | 1 | $0 |
Mr Michael DE Anda Trustee (beg 3/10/2022) | Trustee | 1 | $0 |
Mr Peter C Argianas Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Millard Group Inc Janitorial | 6/29/22 | $8,872,441 |
Critical Mass (Us) Inc Marketing Agency | 6/29/22 | $7,697,743 |
Able Engineering Services Operating Engineer | 6/29/22 | $4,911,737 |
Centers Llc Management | 6/29/22 | $1,420,773 |
Mckinsey & Company Inc Consulting | 6/29/22 | $3,450,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $658,911 |
| Related organizations | $0 |
| Government grants | $49,286,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,973,881 |
| Noncash contributions included in lines 1a–1f | $1,679,925 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,919,490 |
| Total Program Service Revenue | $751,402,627 |
| Investment income | $28,834,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $103,659 |
| Net Rental Income | $1,425,701 |
| Net Gain/Loss on Asset Sales | $25,404,156 |
| Net Income from Fundraising Events | -$138,586 |
| Net Income from Gaming Activities | $1,265 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,340,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,182,540 |
| Grants and other assistance to domestic individuals. | $313,798,808 |
| Grants and other assistance to Foreign Orgs/Individuals | $398,913 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,859,345 |
| Compensation of current officers, directors, key employees. | $5,776,084 |
| Compensation to disqualified persons | $60,748 |
| Other salaries and wages | $257,768,684 |
| Pension plan accruals and contributions | $15,299,453 |
| Other employee benefits | $23,080,741 |
| Payroll taxes | $16,131,327 |
| Fees for services: Management | $1,296,092 |
| Fees for services: Legal | $1,823,594 |
| Fees for services: Accounting | $429,081 |
| Fees for services: Lobbying | $89,619 |
| Fees for services: Fundraising | $211,199 |
| Fees for services: Investment Management | $2,285,315 |
| Fees for services: Other | $22,097,498 |
| Advertising and promotion | $9,117,968 |
| Office expenses | $12,212,305 |
| Information technology | $13,561,183 |
| Royalties | $0 |
| Occupancy | $42,807,775 |
| Travel | $6,865,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,394,513 |
| Interest | $8,203,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,331,238 |
| Insurance | $2,703,971 |
| All other expenses | $9,793,412 |
| Total functional expenses | $822,310,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,935 |
| Savings and temporary cash investments | $25,344,431 |
| Pledges and grants receivable | $12,335,000 |
| Accounts receivable, net | $31,017,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,970,999 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,409,787 |
| Net Land, buildings, and equipment | $637,810,757 |
| Investments—publicly traded securities | $771,493,659 |
| Investments—other securities | $143,813,598 |
| Investments—program-related | $0 |
| Intangible assets | $41,969,850 |
| Other assets | $121,137,653 |
| Total assets | $1,799,315,702 |
| Accounts payable and accrued expenses | $73,095,957 |
| Grants payable | $0 |
| Deferred revenue | $37,159,473 |
| Tax-exempt bond liabilities | $251,851,845 |
| Escrow or custodial account liability | $3,084,963 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,731,112 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,049,673 |
| Total liabilities | $465,973,023 |
| Net assets without donor restrictions | $1,201,603,202 |
| Net assets with donor restrictions | $131,739,477 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,799,315,702 |
Grants Awarded
Over the last fiscal year, Depaul University has awarded $2,182,539 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN SISTERS EDUCATION COLLABORATIVE PURPOSE: GENERAL SUPPORT | $10,000 |
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL PURPOSE: GRANT SUB-AWARD | $142,465 |
BARAT EDUCATION FOUNDATION PURPOSE: GRANT SUB-AWARD | $9,000 |
BROWN UNIVERSITY PURPOSE: GRANT SUB-AWARD | $5,512 |
CATHOLIC THEOLOGICAL UNION PURPOSE: GENERAL SUPPORT | $25,000 |
CENTRAL WASHINGTON UNIVERSITY PURPOSE: GRANT SUB-AWARD | $6,638 |