Clarke University Of Dubuque Iowa
- Assets
- $69.7m
- Revenue
- $41.7m
- Investments
- $9.1m
- Employees
- 692
- Location
- Dubuque, IA
- Founding
- 03/1946
- Data as of
- 05/2023
- EIN
- 42-0680408
Organization Overview
Clarke University Of Dubuque Iowa is located in Dubuque, IA. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Clarke University Of Dubuque Iowa employed 692 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Clarke University Of Dubuque Iowa 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, Clarke University Of Dubuque Iowa generated $41.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $43.8m during the year ending 05/2023. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC, CO-EDUCATIONAL, LIBERAL ARTS UNIVERSITY EDUCATING AT POST-SECONDARY & GRADUATE LEVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARKE UNIVERSITY IS A 4-YEAR NON-PROFIT LIBERAL ARTS AND SCIENCES UNIVERSITY FOCUSED ON PROGRESSING WITH THE TIMES. HUMBLE BEGINNINGS HAVE DEVELOPED INTO OVER 30 UNDERGRADUATE AND 6 GRADUATE PROGRAMS, INCLUDING A BEST-IN-CLASS ADULT EDUCATION PROGRAM. WE ARE AN INSTITUTION GUIDED BY STEADFAST PRINCIPLES. WE BELIEVE ONE-ON-ONE LEARNING IS THE RATIO FOR FUTURE SCHOLARS AND LAUREATES. WE UNDERSTAND THAT WITHOUT PROPER CONNECTIONS, A QUALITY EDUCATION IS MOOT. WE RECOGNIZE THAT EASY ACCESS TO OUR EDUCATORS IS WHAT SETS US APART. IT IS MORE THAN A PLEDGE. IT IS A PROGRESSIVE FRAMEWORK THAT HAS GUIDED US FOR MORE THAN ONE-AND-A-HALF CENTURIES.CLARKE CONFERS THE ASSOCIATE OF ARTS (AA), BACHELOR OF ARTS (BA), BACHELOR OF SCIENCE (BS), BACHELOR OF APPLIED STUDIES (BAS), BACHELOR OF SOCIAL WORK (BSW), BACHELOR OF SCIENCE IN NURSING (BSN), BACHELOR OF FINE ARTS (BFA), MASTER OF ARTS IN EDUCATION (MAE), MASTER OF BUSINESS ADMINISTRATION (MBA), MASTER OF ORGANIZATIONAL LEADERSHIP (MOL), MASTER OF SOCIAL WORK (MSW), DOCTOR OF NURSING PRACTICE (DNP) AND DOCTOR OF PHYSICAL THERAPY (DPT).OVER 965 STUDENTS COME FROM 38 STATES AND 18 COUNTRIES. THE AVERAGE HIGH SCHOOL GRADE-POINT AVERAGE WAS 3.31. IN THE LAST FIVE YEARS, AN AVERAGE OF 97 PERCENT OF SURVEY RESPONDENTS REPORTED BEING EMPLOYED IN THEIR FIELD OR CONTINUING THEIR EDUCATION POST-GRADUATION. THE STUDENT/FACULTY RATIO IS 9:1.DURING THE 2022-2023 ACADEMIC YEAR, 100 PERCENT OF CLARKE'S FULL-TIME, DAY-TIME STUDENTS (WHO WERE ELIGIBLE, AND APPLIED) RECEIVED FINANCIAL AID IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, AND WORK-STUDY. STUDENTS ARE ENCOURAGED TO APPLY FOR FINANCIAL AID. CLARKE UNIVERSITY OFFERS A VARIETY OF MERIT SCHOLARSHIPS TO STUDENTS THAT INCLUDE ACADEMIC, ATHLETIC TALENT, FINE ARTS AND OTHER SCHOLARSHIPS.CLARKE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF GENDER, SEX, RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEXUAL ORIENTATION, AGE OR DISABILITY IN THE EDUCATIONAL PROGRAMS WHICH IT CONDUCTS OR IN ITS EMPLOYMENT POLICIES, PRACTICES AND PROCEDURES. CLARKE UNIVERSITY COMPLIES WITH ALL PERTINENT STATE AND FEDERAL REGULATIONS CONCERNING AFFIRMATIVE ACTION, NONDISCRIMINATION AND EQUAL EMPLOYMENT OPPORTUNITY.
ACADEMIC SUPPORT PROGRAMS
AUXILIARY ENTERPRISES: PROGRAMS AVAILABLE TO ALL 965 STUDENTS INCLUDING THE RESIDENCE HALLS, BOARD PLANS AND ATHLETICS. RESIDENCE HALL CAPACITY IS 571 WITH OCCUPANCY OF 413, OR 72%. IN THE FALL OF 2022, ALL 413 RESIDENT STUDENTS ALSO HAD BOARD PLANS WITH FOOD SERVICE.
STUDENT SERVICES: RESOURCES PROVIDED TO ALL 965 STUDENTS BY STUDENT ACTIVITIES, HEALTH SERVICES, COUNSELING CENTER, CAREER CENTER, ADMISSIONS AND FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Rose Corrigan Psihoyos Chair | OfficerTrustee | 1 | $0 |
Jane Daly Seaberg Vice Chair | OfficerTrustee | 1 | $0 |
Ann Mcdonough Secretary | OfficerTrustee | 1 | $0 |
Kathleen Antol Bvm Trustee | Trustee | 1 | $0 |
Jane Skelley Carroll Trustee | Trustee | 1 | $0 |
Mary Rose Corrigan-Psihoyos Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mondern Piping Inc Cbh Piping | 5/30/23 | $548,839 |
Tri-state Travel Travel Services | 5/30/23 | $256,894 |
Ellucian Company Lp Software Services | 5/30/23 | $187,319 |
Jim Giese Commercial Roofing Construction Services | 5/30/23 | $225,966 |
Ruffalo Noel Levitz Llc Prof Services For The Bas Program | 5/30/23 | $168,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,012 |
| Related organizations | $0 |
| Government grants | $1,992,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,831,483 |
| Noncash contributions included in lines 1a–1f | $603,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,893,255 |
| Total Program Service Revenue | $35,636,431 |
| Investment income | $1,053,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,244 |
| Net Gain/Loss on Asset Sales | -$23,097 |
| Net Income from Fundraising Events | -$29,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $102,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,705,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,181,389 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $648,906 |
| Compensation of current officers, directors, key employees. | $502,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,053,204 |
| Pension plan accruals and contributions | $439,819 |
| Other employee benefits | $2,606,160 |
| Payroll taxes | $947,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,947 |
| Fees for services: Accounting | $68,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $92,616 |
| Fees for services: Investment Management | $111,934 |
| Fees for services: Other | $1,168,557 |
| Advertising and promotion | $269,639 |
| Office expenses | $2,242,531 |
| Information technology | $545,838 |
| Royalties | $0 |
| Occupancy | $21,108 |
| Travel | $847,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,970 |
| Interest | $261,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,999,070 |
| Insurance | $105,314 |
| All other expenses | $193,929 |
| Total functional expenses | $43,774,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,810 |
| Savings and temporary cash investments | $1,256,525 |
| Pledges and grants receivable | $179,096 |
| Accounts receivable, net | $899,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,819 |
| Prepaid expenses and deferred charges | $257,678 |
| Net Land, buildings, and equipment | $32,512,348 |
| Investments—publicly traded securities | $21,494,812 |
| Investments—other securities | $9,051,541 |
| Investments—program-related | $662,475 |
| Intangible assets | $0 |
| Other assets | $3,287,213 |
| Total assets | $69,711,638 |
| Accounts payable and accrued expenses | $2,026,507 |
| Grants payable | $0 |
| Deferred revenue | $1,373,316 |
| Tax-exempt bond liabilities | $5,191,078 |
| Escrow or custodial account liability | $99,753 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $235,839 |
| Unsecured mortgages and notes payable | $1,750,000 |
| Other liabilities | $1,990,689 |
| Total liabilities | $12,667,182 |
| Net assets without donor restrictions | $37,642,699 |
| Net assets with donor restrictions | $19,401,757 |
| 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 | $69,711,638 |