Carroll University Inc
- Assets
- $261.9m
- Revenue
- $141.0m
- Investments
- $0.0
- Employees
- 2,783
- Location
- Waukesha, WI
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 39-0806325
Organization Overview
Carroll University Inc is located in Waukesha, WI. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Carroll University Inc employed 2,783 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll University Inc 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, Carroll University Inc generated $141.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $135.3m during the year ending 06/2021. While expenses have increased by 5.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY.
Describe the Organization's Program Activity:
INSTRUCTION & ACADEMIC SUPPORT - SERVICES PROVIDED TO SUPPORT STUDENTS IN THE CLASSROOM AND SUPPORT OF CLASSROOM.
AUXILIARY & STUDENT SERVICES - SERVICES PROVIDED TO STUDENTS NOT RELATED TO THE CLASSROOM SUCH AS DORMITORY CHARGES AND BOARD PLANS AND SERVICES TO STUDENTS THAT ARE RELATED TO ACTIVITIES OUTSIDE THE CLASSROOM SUCH AS ATHLETICS, FINANCIAL AID AND ADMISSION.
INSTITUTIONAL SUPPORT - SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Gnadinger President | Officer | 40 | $391,583 |
Dana Stuart VP For Finance And Adminis | Officer | 40 | $212,120 |
Mark Blegen Provost/vp For Academic Af | Officer | 40 | $209,600 |
Jane Hopp Associate Vp For Partnerships And Innovation | 40 | $189,999 | |
Hamid Akbari Dean School Of Business | 40 | $184,730 | |
Theresa Barry VP For Student Affairs | Officer | 40 | $163,218 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campus Management Corporation Management Company | 6/29/21 | $1,067,584 |
Jenzabar Inc Management Company | 6/29/21 | $601,581 |
Campusworks Inc Consulting Services | 6/29/21 | $513,847 |
Kleenmark Services Corp Cleaning Services | 6/29/21 | $431,333 |
Froedtert Healthworkforce Health Health Services | 6/29/21 | $342,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,525 |
| Related organizations | $0 |
| Government grants | $7,890,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,863,664 |
| Noncash contributions included in lines 1a–1f | $98,269 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,785,133 |
| Total Program Service Revenue | $123,572,213 |
| Investment income | $3,501,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,521,291 |
| Net Income from Fundraising Events | $16,127 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,965,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,551,026 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,662,635 |
| Compensation of current officers, directors, key employees. | $1,491,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $94,979 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,105,418 |
| Insurance | $0 |
| All other expenses | $11,324,511 |
| Total functional expenses | $135,342,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,540,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,527,726 |
| Accounts receivable, net | $4,442,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,773,206 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $914,140 |
| Net Land, buildings, and equipment | $122,347,135 |
| Investments—publicly traded securities | $127,321,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,332 |
| Total assets | $261,882,162 |
| Accounts payable and accrued expenses | $4,199,946 |
| Grants payable | $0 |
| Deferred revenue | $2,996,472 |
| Tax-exempt bond liabilities | $2,489,385 |
| 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 | $6,302,290 |
| Total liabilities | $15,988,093 |
| Net assets without donor restrictions | $155,650,133 |
| Net assets with donor restrictions | $90,243,936 |
| 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 | $261,882,162 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Carroll University Inc has recieved totaling $28,600.
| Awarding Organization | Amount |
|---|---|
Gregg W And Denise E Steinhafel Family Foundation Wayzata, MN PURPOSE: GENERAL FUND | $15,000 |
Audrey Jane Pavlik Charitable Tr Wauwatosa, WI PURPOSE: SUPPOT TO THE SCHOOLSUPPORT TO THE SCHOOLSUPPORT TO THE SCHOOL | $10,000 |
William And Harriet Gould Foundation Salida, CO PURPOSE: EDUCATIONAL RESOURCESSCHOLARSHIP ENDOWMENT | $3,000 |
Advent Angels In My Hair Inc Monticello, MN PURPOSE: EDUCATION | $500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $73,553,801 |
| Earnings | $20,462,586 |
| Net Contributions | $3,450,259 |
| Other Expense | $2,743,589 |
| Ending Balance | $94,723,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Hope College Holland, MI | $493,947,019 | $161,551,169 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |