Bradley University
- Assets
- $706.5m
- Revenue
- $223.8m
- Investments
- $257.9m
- Employees
- 3,175
- Location
- Peoria, IL
- Founding
- 08/1951
- Data as of
- 05/2023
- EIN
- 37-0661494
Organization Overview
Bradley University is located in Peoria, IL. The organization was established in 1951. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Bradley University employed 3,175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradley 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 05/2023, Bradley University generated $223.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $246.9m during the year ending 05/2023. While expenses have increased by 3.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE.
Describe the Organization's Program Activity:
INSTRUCTION AND RESEARCH - PROVIDING HIGHER EDUCATION TO STUDENTS.
AUXILIARY SERVICES - PROVIDES SUPPORT SERVICES FOR STUDENTS WHICH INCLUDES HOUSING, BOOKSTORE, AND CONFERENCE FACILITIES.
FOOD SERVICES - PROVIDES BOARD (CAFETERIA SERVICES) FOR STUDENTS LIVING ON CAMPUS AND OFF CAMPUS. ALSO INCLUDES FOOD PURCHASED BY EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Standifird President | OfficerTrustee | 60 | $491,206 |
Jonathan E Michael Vice Chair | Trustee | 5 | $0 |
Anne Edwards-Cotter Secretary | Trustee | 5 | $0 |
Sharon Desmoulin-Kherat Trustee | Trustee | 5 | $0 |
Kathleen Mb Holst Chair | Trustee | 5 | $0 |
Brad Halverson Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Logistics Group Llc Air Travel For Athletics | 5/30/23 | $289,913 |
Bb Flooring Construction Services | 5/30/23 | $270,809 |
Nepc Llc Investment Services | 5/30/23 | $247,045 |
Miller Hall & Triggs Legal Services | 5/30/23 | $214,610 |
Cliftonlarsonallen Llp Audit & Tax Services | 5/30/23 | $198,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,771 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,912,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,499,537 |
| Noncash contributions included in lines 1a–1f | $161,489 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,465,936 |
| Total Program Service Revenue | $203,538,106 |
| Investment income | $16,658,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,491 |
| Net Gain/Loss on Asset Sales | -$18,767,334 |
| Net Income from Fundraising Events | $105,155 |
| Net Income from Gaming Activities | $34,887 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,758,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $82,977,716 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,973,052 |
| Compensation of current officers, directors, key employees. | $1,625,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,211,917 |
| Pension plan accruals and contributions | $3,070,787 |
| Other employee benefits | $11,599,941 |
| Payroll taxes | $5,189,581 |
| Fees for services: Management | $3,281,527 |
| Fees for services: Legal | $610,280 |
| Fees for services: Accounting | $115,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $940,500 |
| Fees for services: Other | $3,147,249 |
| Advertising and promotion | $1,139,520 |
| Office expenses | $8,272,368 |
| Information technology | $3,527,083 |
| Royalties | $0 |
| Occupancy | $17,382,373 |
| Travel | $4,303,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297,044 |
| Interest | $5,594,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,626,474 |
| Insurance | $2,063,522 |
| All other expenses | $3,542,413 |
| Total functional expenses | $246,866,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,729,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,589,167 |
| Accounts receivable, net | $4,530,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,375,434 |
| Net Land, buildings, and equipment | $336,817,692 |
| Investments—publicly traded securities | $89,589,093 |
| Investments—other securities | $257,921,061 |
| Investments—program-related | $26,027 |
| Intangible assets | $0 |
| Other assets | $1,929,425 |
| Total assets | $706,507,436 |
| Accounts payable and accrued expenses | $24,482,302 |
| Grants payable | $0 |
| Deferred revenue | $3,076,165 |
| Tax-exempt bond liabilities | $140,644,848 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $852,295 |
| Unsecured mortgages and notes payable | $2,115,493 |
| Other liabilities | $24,866,357 |
| Total liabilities | $196,037,460 |
| Net assets without donor restrictions | $360,805,313 |
| Net assets with donor restrictions | $149,664,663 |
| 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 | $706,507,436 |