University Of Detroit Mercy
- Assets
- $289.7m
- Revenue
- $171.8m
- Investments
- $2.6m
- Employees
- 2,343
- Location
- Detroit, MI
- Founding
- 02/1992
- Data as of
- 06/2021
- EIN
- 38-1360586
Organization Overview
University Of Detroit Mercy is located in Detroit, MI. The organization was established in 1992. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, University Of Detroit Mercy employed 2,343 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. University Of Detroit Mercy 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, University Of Detroit Mercy generated $171.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $160.5m during the year ending 06/2021. While expenses have increased by 0.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF DETROIT MERCY, A CATHOLIC UNIVERSITY IN THE JESUIT AND MERCY TRADITIONS, EXISTS TO PROVIDE EXCELLENT STUDENT-CENTERED UNDERGRADUATE AND GRADUATE EDUCATION IN AN URBAN CONTEXT. A UDM EDUCATION SEEKS TO INTEGRATE THE INTELLECTUAL SPIRITUAL, ETHICAL AND SOCIAL DEVELOPMENT OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERED EDUCATIONAL PROGRAMS TO APPROXIMATELY 2,450 UNDERGRADUATE AND 1,171 GRADUATE STUDENTS IN FIVE COLLEGES AND 1,183 PROFESSIONAL STUDENTS IN THE DENTAL AND LAW SCHOOLS; PROVIDED RESEARCH ACTIVITIES AND PUBLIC SERVICE PROGRAMS AND ACADEMIC SUPPORT SERVICES INCLUDING THREE LIBRARIES, IT COMMUNICATIONS, COMPUTING AND WEB SERVICES, SCIENTIFIC AND MEDICAL LABS, AND TWO DENTAL CLINICS.
PROVIDED HIGHER EDUCATION AUXILIARY SERVICES INCLUDING HOUSING AND FOOD SERVICES TO APPROXIMATELY 342 RESIDENT STUDENTS AND FOOD SERVICES TO COMMUTER STUDENTS, FACULTY AND STAFF; AND AN NCAA DIVISION I ATHLETIC PROGRAM THAT IS KNOWN FOR HIGH ACADEMIC ACHIEVEMENT AND EXCELLENT GRADUATION RATES.
PROVIDED STUDENTS SERVICES AND CAMPUS ACTIVITIES THAT AID STUDENTS IN THE SUCCESSFUL ACCOMPLISHMENT OF A COLLEGE DEGREE, INCLUDING REGISTRATION, ADVISING, FINANCIAL AID, CO-OP EDUCATION AND STUDENT LIFE ACTIVITIES SUCH AS SPORTS, STUDENT CLUBS, SPEAKER PROGRAMS AND SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antoine M Garibaldi PHD President | OfficerTrustee | 40 | $645,049 |
Michael Davis Head Coach - Men Bb | 40 | $593,731 | |
Pamela Zarkowski VP | Officer | 40 | $394,645 |
Mert N Aksu Dean | Officer | 40 | $367,523 |
Thomas Manceor VP Business And Finance | Officer | 40 | $336,917 |
Ahmad Maalhagh-Fard Assoc Professor | 40 | $260,637 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Meal And Catering Services | 6/29/21 | $1,917,644 |
Fairview Construction Services Llc Construction Services | 6/29/21 | $786,429 |
Butzel Long Lawyers | 6/29/21 | $332,748 |
Vhs Of Michigan Mob Rent - Lease For Dental Clinic Space | 6/29/21 | $324,945 |
Outfront Media Advertising | 6/29/21 | $283,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,335,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,130,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,465,862 |
| Total Program Service Revenue | $140,051,409 |
| Investment income | $2,355,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $957,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,830,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,110,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,972,954 |
| Compensation of current officers, directors, key employees. | $2,475,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,244,949 |
| Pension plan accruals and contributions | $19,266,463 |
| Other employee benefits | -$3,718,827 |
| Payroll taxes | $5,834,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $841,744 |
| Fees for services: Accounting | $158,462 |
| Fees for services: Lobbying | $113,635 |
| Fees for services: Fundraising | $26,450 |
| Fees for services: Investment Management | $221,078 |
| Fees for services: Other | $14,505,054 |
| Advertising and promotion | $1,377,636 |
| Office expenses | $8,621,413 |
| Information technology | $2,496,193 |
| Royalties | $0 |
| Occupancy | $4,887,244 |
| Travel | $728,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,263 |
| Interest | $1,641,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,411,063 |
| Insurance | $1,586,598 |
| All other expenses | $0 |
| Total functional expenses | $160,524,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,545,662 |
| Pledges and grants receivable | $4,572,202 |
| Accounts receivable, net | $10,137,209 |
| 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 | $757,124 |
| Net Land, buildings, and equipment | $124,901,399 |
| Investments—publicly traded securities | $92,370,705 |
| Investments—other securities | $2,554,308 |
| Investments—program-related | $13,907,606 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,746,215 |
| Accounts payable and accrued expenses | $23,164,190 |
| Grants payable | $0 |
| Deferred revenue | $10,399,075 |
| Tax-exempt bond liabilities | $40,220,390 |
| 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 | $26,090,164 |
| Total liabilities | $99,873,819 |
| Net assets without donor restrictions | $101,805,517 |
| Net assets with donor restrictions | $88,066,879 |
| 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 | $289,746,215 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Of Detroit Mercy has recieved totaling $35,792.
| Awarding Organization | Amount |
|---|---|
Briggs Fisher Foundaton Grosse Pointe Farms, MI PURPOSE: EDUCATION | $30,000 |
Mcshane Family Foundation Naples, FL PURPOSE: GENERAL UNRESTRICTED | $3,292 |
Doris J Duchene And Donald L Duchene Sr Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $73,848,701 |
| Earnings | $18,401,688 |
| Net Contributions | $3,590,283 |
| Other Expense | -$41,619 |
| Grants | $1,917,870 |
| Ending Balance | $93,964,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Xavier University Cincinnati, OH | $682,170,280 | $308,233,290 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Calvin University Grand Rapids, MI | $488,669,511 | $185,893,983 |
John Carroll University University Heights, OH | $596,841,319 | $177,797,670 |
University Of Detroit Mercy Detroit, MI | $289,746,215 | $171,830,708 |
Baldwin Wallace University Berea, OH | $362,531,301 | $151,897,544 |
Ashland University Ashland, OH | $314,084,834 | $179,414,778 |
Capital University Columbus, OH | $268,714,019 | $130,364,593 |