Bradley University
- Assets
- $712.9m
- Revenue
- $238.6m
- Investments
- $86.5m
- Employees
- 2,856
- Location
- Peoria, IL
- Founding
- 08/1951
- Data as of
- 05/2020
- 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 05/2022, Bradley University employed 2,856 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 05/2020, Bradley University generated $238.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $232.9m during the year ending 05/2020. While expenses have increased by 3.7% per year over the past 6 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
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Brian Wardle Head Men's Basketball Coach | 50 | $821,083 | |
Stephen Standifird President | Officer | 60 | $507,794 |
Ralph Christopher Reynolds VP Athletics | Officer | 50 | $372,191 |
Walter Zakahi Senior VP Academic Affairs | Officer | 50 | $253,534 |
Sheryl Cox Coo/cfo | Officer | 50 | $232,653 |
Joseph Chen Chair, Industrial & Manufacturing Engineering | 50 | $231,916 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepc Llc Investment Services | 5/30/22 | $273,296 |
Cassidy & Associates Inc Lobbying Services | 5/30/22 | $210,000 |
Bb Flooring Construction - Flooring | 5/30/22 | $218,078 |
Cliftonlarsonallen Llp Audit & Tax Services | 5/30/22 | $165,979 |
Shefftech Productions Llc Sporting Event Production | 5/30/22 | $157,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,203,423 |
| Investment income | $13,654,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,183 |
| Net Gain/Loss on Asset Sales | $871,355 |
| Net Income from Fundraising Events | $168,857 |
| Net Income from Gaming Activities | $47,410 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,646,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $71,062,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,991,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,000,436 |
| Pension plan accruals and contributions | $3,301,654 |
| Other employee benefits | $22,126,185 |
| Payroll taxes | $5,029,220 |
| Fees for services: Management | $1,349,633 |
| Fees for services: Legal | $457,779 |
| Fees for services: Accounting | $96,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,096,196 |
| Fees for services: Other | $58,664 |
| Advertising and promotion | $327,979 |
| Office expenses | $8,662,305 |
| Information technology | $4,618,868 |
| Royalties | $0 |
| Occupancy | $13,588,029 |
| Travel | $2,641,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $235,365 |
| Interest | $4,475,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,271,586 |
| Insurance | $1,373,974 |
| All other expenses | $0 |
| Total functional expenses | $232,879,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,330,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,422,229 |
| Accounts receivable, net | $3,260,022 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,331 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $636,506 |
| Investments—publicly traded securities | $199,640,954 |
| Investments—other securities | $86,489,994 |
| Investments—program-related | $4,167,096 |
| Intangible assets | $0 |
| Other assets | $2,514,356 |
| Total assets | $712,945,458 |
| Accounts payable and accrued expenses | $28,467,353 |
| Grants payable | $0 |
| Deferred revenue | $3,897,521 |
| Tax-exempt bond liabilities | $153,665,313 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,771,369 |
| Unsecured mortgages and notes payable | $5,049,853 |
| Other liabilities | $62,536,104 |
| Total liabilities | $261,387,513 |
| 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 | $451,557,945 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bradley University has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Everett & Doris Bernardo Family Foundation Elgin, IL PURPOSE: COLLEGE EDUCATIONCOLLEGE EDUCATIONCOLLEGE EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $395,562,588 |
| Earnings | -$31,406,622 |
| Admin Expense | $1,170,534 |
| Net Contributions | $4,333,808 |
| Other Expense | $8,218,811 |
| Grants | $6,001,220 |
| Ending Balance | $353,099,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |