Drury University
- Assets
- $195.7m
- Revenue
- $114.8m
- Investments
- $43.5m
- Employees
- 1,250
- Location
- Springfield, MO
- Founding
- 12/1934
- Data as of
- 05/2023
- EIN
- 44-0552049
Organization Overview
Drury University is located in Springfield, MO. The organization was established in 1934. 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, Drury University employed 1,250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drury 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 05/2023, Drury University generated $114.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $86.0m during the year ending 05/2023. While expenses have increased by 3.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DRURY UNIVERSITY IS AN INDEPENDENT UNIVERSITY, CHURCH-RELATED, GROUNDED IN THE LIBERAL ARTS TRADITION AND COMMITTED TO PERSONALIZED EDUCATION IN A COMMUNITY OF SCHOLARS WHO VALUE THE ARTS OF TEACHING AND LEARNING.
Describe the Organization's Program Activity:
SCHOLARSHIPS AND FINANCIAL AID: DRURY IS COMMITTED TO PROVIDING A QUALITY EDUCATION WITH LIFELONG VALUE AT AN AFFORDABLE COST. MORE THAN 90% OF DRURY STUDENTS RECEIVE FINANCIAL AID.
INSTRUCTION: ACTIVITIES THAT ARE PART OF DRURY UNIVERSITY'S PROGRAM OF INSTRUCTION THAT COMBINE PROFESSIONAL TRAINING WITH LIBERAL ARTS EDUCATION. MORE THAN 50 MAJORS ARE OFFERED TO DRURY'S APPROXIMATE 1400 FULL TIME STUDENTS AS WELL AS APPROXIMATELY 800 STUDENTS ENROLLED IN EVENING, ONLINE, AND GRADUATE PROGRAMS.
AUXILIARY ENTERPRISES: ACTIVITIES INCURRED TO PROVIDE GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF AND FOR WHICH FEES ARE CHARGED TO COVER THE APPROXIMATE COSTS OF THE GOOD OR SERVICE. INCLUDES STUDENT HOUSING AND FOOD SERVICES AS THE LARGEST COMPONENTS, WITH INTERCOLLEGIATE ATHLETICS AND OTHER SELF SUPPORTING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Of Trustees - Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Trustees - Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Trustees - Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Trustees - Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grooms Office Environments Furniture | 5/30/23 | $1,004,023 |
Cdw Government Llc Data Storage And Networking Equipment | 5/30/23 | $1,056,322 |
Cooper Robertson & Partners Architectural Services | 5/30/23 | $684,368 |
Fresh Ideas Management Llc Food Service | 5/30/23 | $1,720,170 |
Nabholz Construction Services - Spfd Construction | 5/30/23 | $6,846,178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $161,675 |
| Related organizations | $0 |
| Government grants | $1,231,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,820,066 |
| Noncash contributions included in lines 1a–1f | $8,744,352 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,213,712 |
| Total Program Service Revenue | $64,413,787 |
| Investment income | $33,314,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,420 |
| Net Gain/Loss on Asset Sales | -$1,127,328 |
| Net Income from Fundraising Events | -$77,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,796,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,304,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,773,717 |
| Compensation of current officers, directors, key employees. | $963,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,283,101 |
| Pension plan accruals and contributions | $528,404 |
| Other employee benefits | $2,227,982 |
| Payroll taxes | $1,855,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,753 |
| Fees for services: Accounting | $97,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,914,478 |
| Advertising and promotion | $930,137 |
| Office expenses | $2,341,924 |
| Information technology | $1,664,619 |
| Royalties | $0 |
| Occupancy | $3,832,836 |
| Travel | $2,317,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,781,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,527,613 |
| Insurance | $1,144,972 |
| All other expenses | $0 |
| Total functional expenses | $86,005,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,329 |
| Savings and temporary cash investments | $12,506,048 |
| Pledges and grants receivable | $5,681,896 |
| Accounts receivable, net | $505,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $159,852 |
| Inventories for sale or use | $210,407 |
| Prepaid expenses and deferred charges | $1,713,410 |
| Net Land, buildings, and equipment | $88,018,256 |
| Investments—publicly traded securities | $23,347,895 |
| Investments—other securities | $43,512,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,677,347 |
| Total assets | $195,692,693 |
| Accounts payable and accrued expenses | $3,771,288 |
| Grants payable | $0 |
| Deferred revenue | $531,448 |
| Tax-exempt bond liabilities | $26,018,827 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,021,376 |
| Unsecured mortgages and notes payable | $481,349 |
| Other liabilities | $7,814,686 |
| Total liabilities | $54,638,974 |
| Net assets without donor restrictions | $63,865,482 |
| Net assets with donor restrictions | $77,188,237 |
| 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 | $195,692,693 |