National-Louis University
- Assets
- $129.0m
- Revenue
- $126.6m
- Investments
- $3.4m
- Employees
- 1,936
- Location
- Wheeling, IL
- Founding
- 03/1935
- Data as of
- 06/2022
- EIN
- 36-2167804
Organization Overview
National-Louis University is located in Wheeling, IL. The organization was established in 1935. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, National-Louis University employed 1,936 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National-Louis 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, National-Louis University generated $126.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $118.9m during the year ending 06/2022. While expenses have increased by 7.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NLU IS AN INCLUSIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES TO INSPIRE & EMPOWER LEARNERS TO PREPARE FOR & ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THE UNIVERSITY SERVED 10,382 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION.
PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY.
RESEARCH - THE UNIVERSITY RECEIVES A NUMBER OF GRANTS THAT FUNDS RESEARCH PERFORMED TO FIND NEW WAYS TO HELP THE COMMUNITY BY INFORMING FUTURE INSTRUCTION AND EDUCATIONAL PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nivine Megahed President | Officer | 50 | $900,835 |
Aarti Dhupelia Vp, Undergraduate Education | 50 | $324,040 | |
Marty Mickey Treasurer And Vp, Finance | Officer | 50 | $275,633 |
Eddie Phillips Provost-Since 05/01/2022 | Officer | 50 | $220,227 |
Richard Yaconis Vp, Enrollment And Marketing | 50 | $211,476 | |
Michael Graham Vp, Chief Information Officer | 50 | $207,869 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marketing Partnerships Internationa Marketing Services | 6/29/23 | $683,320 |
Sentinel Technologies It Services | 6/29/23 | $759,040 |
Google Llc Marketing Services | 6/29/23 | $2,819,323 |
Cdw Government Inc It Hardware Provider | 6/29/23 | $976,584 |
Ellucian Company Lp It Services | 6/29/23 | $958,844 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,312,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,789,112 |
| Noncash contributions included in lines 1a–1f | $204,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,101,373 |
| Total Program Service Revenue | $100,482,760 |
| Investment income | $1,398,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$108,230 |
| Net Gain/Loss on Asset Sales | -$23,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,590,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,683,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,296,647 |
| Compensation of current officers, directors, key employees. | $388,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,697,511 |
| Pension plan accruals and contributions | $1,858,076 |
| Other employee benefits | $6,927,233 |
| Payroll taxes | $4,011,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $365,775 |
| Fees for services: Accounting | $77,445 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,484 |
| Fees for services: Other | $7,576,275 |
| Advertising and promotion | $982,300 |
| Office expenses | $8,720,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,375,743 |
| Travel | $354,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $784,060 |
| Interest | $763,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,547,036 |
| Insurance | $525,504 |
| All other expenses | $12,146,466 |
| Total functional expenses | $118,898,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,405,777 |
| Pledges and grants receivable | $250,755 |
| Accounts receivable, net | $7,279,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $961,636 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,517,481 |
| Net Land, buildings, and equipment | $54,334,252 |
| Investments—publicly traded securities | $41,859,956 |
| Investments—other securities | $3,363,993 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,972,894 |
| Accounts payable and accrued expenses | $6,029,807 |
| Grants payable | $0 |
| Deferred revenue | $6,673,786 |
| Tax-exempt bond liabilities | $23,054,210 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $744,959 |
| Total liabilities | $36,502,762 |
| Net assets without donor restrictions | $75,358,254 |
| Net assets with donor restrictions | $17,111,878 |
| 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 | $128,972,894 |