Marquette University
- Assets
- $2.0b
- Revenue
- $725.4m
- Investments
- $484.4m
- Employees
- 7,849
- Location
- Milwaukee, WI
- Founding
- 02/1970
- Data as of
- 06/2021
- EIN
- 39-0806251
Organization Overview
Marquette University is located in Milwaukee, WI. The organization was established in 1970. 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, Marquette University employed 7,849 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marquette 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 06/2021, Marquette University generated $725.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $619.2m during the year ending 06/2021. While expenses have increased by 3.2% 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.
Since 2016, Marquette University has awarded 161 individual grants totaling $13,778,203. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A CATHOLIC, JESUIT UNIVERSITY OUR MISSION IS TO SEARCH FOR TRUTH, DISCOVER SHARE KNOWLEDGE, FOSTER PERSONAL PROFESSIONAL EXCELLENCE, PROMOTE A LIFE OF FAITH AND DEVELOP LEADERSHIP EXPRESSED IN SERVICE TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION CONSISTENTLY RANKED AMONG THE TOP 100 COLLEGES AND UNIVERSITIES NATIONWIDE, MARQUETTE ANNUALLY ENROLLS MORE THAN 11,300 STUDENTS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS AND CONFERS APPROXIMATELY 3,200 DEGREES ANNUALLY. MARQUETTE OFFERS 78 UNDERGRADUATE MAJORS AND 83 MINORS TO STUDENTS IN THE COLLEGE OF ARTS AND SCIENCES, BUSINESS ADMINISTRATION, COMMUNICATION, EDUCATION, ENGINEERING, HEALTH SCIENCES AND NURSING. MARQUETTE HAS MORE THAN 70 DOCTORAL AND MASTERS DEGREE PROGRAMS, MORE THAN 20 GRADUATE CERTIFICATE PROGRAMS, AND A SCHOOL OF DENTISTRY AND LAW SCHOOL. THE GRADUATE SCHOOL OF MANAGEMENT HAS NATIONALLY RANKED MBA PROGRAMS AS WELL AS SPECIALTY MASTERS PROGRAMS IN SEVERAL BUSINESS AREAS. MARQUETTE HAS WISCONSINS ONLY SCHOOL OF DENTISTRY AND ONE OF ONLY TWO LAW SCHOOLS IN THE STATE.
STUDENT SERVICES WE KNOW THAT LEARNING OCCURS OUTSIDE, AS WELL AS INSIDE, THE CLASSROOM. OUR CORE VALUES OF EXCELLENCE, FAITH, LEADERSHIP AND SERVICE ARE FOSTERED THROUGH STUDENT PARTICIPATION IN OUR RESIDENCE HALL COMMUNITIES AND CAMPUS ORGANIZATIONS, WHICH INCLUDE ACADEMIC AND PROFESSIONAL GROUPS, CLUB AND RECREATIONAL SPORTS, SPIRITUAL ACTIVITIES AND COMMUNITY SERVICE ORGANIZATIONS. MARQUETTES URBAN LOCATION, JUST BLOCKS FROM DOWNTOWN MILWAUKEE, GIVES STUDENTS AMPLE OPPORTUNITIES FOR INTERNSHIPS, CO-OP EXPERIENCES AND PART-TIME EMPLOYMENT. ON CAMPUS, PROFESSIONALS IN THE OFFICE OF STUDENT AFFAIRS, STUDENT HEALTH SERVICE, COUNSELING CENTER AND CAMPUS MINISTRY, AS WELL AS FACULTY AND OTHER STAFF, HELP STUDENTS AS THEY NAVIGATE THE CHALLENGES OF YOUNG ADULT LIFE. MARQUETTE ALSO HAS AN EDUCATIONAL OPPORTUNITY PROGRAM, WHICH PROVIDES ACADEMIC OPPORTUNITY AND SUPPORT TO FIRST-GENERATION COLLEGE STUDENTS, STUDENTS FROM UNDER-REPRESENTED GROUPS OR ETHNICITIES AND STUDENTS FROM LOW-INCOME FAMILIES.
ACADEMIC SUPPORT AND LIBRARY ALL MARQUETTE UNDERGRADUATES RECEIVE A STRONG LIBERAL ARTS FOUNDATION THROUGH THE UNIVERSITYS CORE OF COMMON STUDIES, WHICH INCLUDES COURSES IN NINE CORE KNOWLEDGE AREAS. CURRICULUM DEVELOPMENT IS AN ONGOING PROCESS, WITH FACULTY SUPPORT AVAILABLE THROUGH THE CENTER FOR TEACHING AND LEARNING AND VARIOUS DEPARTMENTAL RESOURCES. PROGRAMS FOR FACULTY DEVELOPMENT INCLUDE CURRICULUM ENHANCEMENT AND DIVERSITY GRANTS, TEACHING ENHANCEMENT WARDS, FELLOWSHIP AWARDS FOR RESEARCH, YOUNG SCHOLAR AWARDS AND SUMMER FACULTY FELLOWSHIPS. THE PREPARING FUTURE FACULTY PROGRAM ENCOURAGES THE DEVELOPMENT OF GRADUATE STUDENTS FOR THE MULTIPLE ROLES THEY WILL FACE AS FACULTY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Steven M Wojciechowski Mens Basketball Head Coach | 40 | $5,453,787 | |
Mr Shaka Smart Mens Basketball Head Coach | 40 | $2,143,900 | |
Dr Michael R Lovell President | OfficerTrustee | 40 | $824,177 |
Ms Megan Duffy Womens Basketball Head Coach | 40 | $475,553 | |
Mr William G Scholl VP Director Athletics | 40 | $466,452 | |
Mr Timothy Mcmahon VP For University Advancement | Officer | 40 | $408,301 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexho Inc & Affiliates Food Services | 6/29/22 | $13,469,356 |
J H Findorff & Son Inc Construction Services | 6/29/22 | $13,389,745 |
Beeler Construction Construction Services | 6/29/22 | $3,894,254 |
Hsre Core Holding I Llc Student Housing | 6/29/22 | $3,787,472 |
Orbis Education Services Llc Professional Fees | 6/29/22 | $3,022,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,459,500 |
| Investment income | $2,665,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,152 |
| Net Rental Income | $493,134 |
| Net Gain/Loss on Asset Sales | $34,843,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $824,950 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,388,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $189,565,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $104,634 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,438,886 |
| Compensation to disqualified persons | $355,034 |
| Other salaries and wages | $214,851,640 |
| Pension plan accruals and contributions | $2,485,389 |
| Other employee benefits | $33,769,066 |
| Payroll taxes | $13,096,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,181,090 |
| Fees for services: Accounting | $333,550 |
| Fees for services: Lobbying | $178,384 |
| Fees for services: Fundraising | $72,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,253,299 |
| Advertising and promotion | $1,989,158 |
| Office expenses | $43,119,735 |
| Information technology | $8,929,519 |
| Royalties | $0 |
| Occupancy | $16,328,553 |
| Travel | $4,635,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $539,960 |
| Interest | $12,278,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,468,049 |
| Insurance | $4,515,008 |
| All other expenses | $0 |
| Total functional expenses | $619,194,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,265,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $85,165,000 |
| Accounts receivable, net | $15,222,000 |
| Loans from Officers, Directors, or Controlling Persons | $521,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,768,000 |
| Inventories for sale or use | $469,000 |
| Prepaid expenses and deferred charges | $2,792,000 |
| Investments—publicly traded securities | $587,570,000 |
| Investments—other securities | $484,428,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,897,000 |
| Total assets | $1,967,198,000 |
| Accounts payable and accrued expenses | $91,419,000 |
| Grants payable | $0 |
| Deferred revenue | $39,038,000 |
| Tax-exempt bond liabilities | $232,332,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,793,000 |
| Total liabilities | $551,582,000 |
| 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 | $1,415,616,000 |
Grants Awarded
Over the last fiscal year, Marquette University has awarded $3,325,355 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: Research | $14,540 |
BOARD OF REGENTS-UNIVERSITY OF WI SYSTEM-MADISON PURPOSE: Research | $7,032 |
COLORADO SCHOOL OF MINES PURPOSE: Research | $103,188 |
BOARD OF REGENTS-UNIVERSITY OF WI SYSTEM-MILWAUKEE PURPOSE: Research | $25,566 |
CRISTO RAY JESUIT CORPORATE WORK STUDY PROGRAM INC PURPOSE: Other | $15,000 |
CONFLUENCY LLC PURPOSE: Research | $8,273 |