Doane University
- Assets
- $228.0m
- Revenue
- $66.5m
- Investments
- $139.8m
- Employees
- 1,178
- Location
- Crete, NE
- Founding
- 02/1931
- Data as of
- 06/2021
- EIN
- 47-0377991
Organization Overview
Doane University is located in Crete, NE. The organization was established in 1931. 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, Doane University employed 1,178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doane 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, Doane University generated $66.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $66.6m during the year ending 06/2021. While expenses have increased by 3.8% 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
TO CREATE DISTINCTIVE EDUCATIONAL EXPERIENCES, ROOTED IN THE LIBERAL ARTS, TO PREPARE OUR STUDENTS FOR CAREERS AND LIVES GROUNDED IN INQUIRY, ETHICS, AND A COMMITMENT TO LEAD AND SERVE IN THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
INSTRUCTIONAL SERVICES: DOANE UNIVERSITY PROVIDES INSTRUCTIONAL SERVICES THROUGH UNDERGRATUATE, PRE-PROFESSIONAL, GRADUATE AND ADVANCED DEGREES THROUGH ITS COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS, COLLEGE OF EDUCATION, COLLEGE OF PROFESSIONAL STUDIES, AND SCHOOL INTEGRATIVE LEARNING. DURING ACADEMIC YEAR 2020-21, THE COLLEGE OF ARTS AND SCIENCES AND UNDECLARED MAJORS ENROLLED 672 STUDENTS, THE COLLEGE OF BUSINESS ENROLLED 350 STUDENTS, THE COLLEGE OF EDUCATION ENROLLED 846 STUDENTS, THE COLLEGE OF PROFESSIONAL STUDENTS ENROLLED 134 STUDENTS, AND THE SCHOOL OF INTEGRATIVE LEARNING ENROLLED 822 STUDENTS. DURING THE YEAR DOANE AWARDED 685 DEGREES, 316 UNDERGRADUATE AND 369 GRADUATE STUDENTS. THE STUDENT-FACULTY RATIO IS 11:1.
STUDENT SERVICES: INCLUDES ADMISSIONS, REGISTRAR, STUDENT HEALTH, COUNSELING, FINANCIAL AID, CAREER DEVELOPMENT, ATHLETICS AND RECREATION, AND STUDENT LEADERSHIP.
AUXILIARY ENTERPRISES: THE UNIVERSITY RESIDENCE HALLS, CAMPUS ACTIVITY CENTER, AND BOOKSTORE ARE THE PRIMARY AUXILIARY ENTERPRISES SERVING THE RESIDENTIAL CAMPUS. SIX RESIDENCE HALLS PROVIDE HOUSING FOR APPROXIMATELY 700 CRETE CAMPUS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacque Carter PHD President | Officer | 40 | $287,420 |
Julie Schmidt Treasurer, VP Finance And | Officer | 40 | $203,210 |
Paul Savory PHD Provost | Officer | 40 | $173,400 |
Lorie Cook Benjamin PHD Dean College Of Profession | 40 | $129,350 | |
Marilyn Johnson-Farr PHD Professor | 40 | $121,610 | |
Marty Fye VP For Institutional Advancement | 40 | $120,459 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Food Service | 6/29/21 | $1,246,690 |
Ellucian Campus Technology | 6/29/21 | $329,688 |
Johnson Controls Inc Building Maintenance | 6/29/21 | $177,615 |
H & S Plumbing Building Maintenance | 6/29/21 | $201,500 |
Siemens Industry Building Maintenance | 6/29/21 | $205,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,667 |
| Related organizations | $0 |
| Government grants | $3,146,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,259,825 |
| Noncash contributions included in lines 1a–1f | $538,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,426,206 |
| Total Program Service Revenue | $56,037,795 |
| Investment income | $2,578,856 |
| Tax Exempt Bond Proceeds | $13,445 |
| Royalties | $0 |
| Net Rental Income | $150,973 |
| Net Gain/Loss on Asset Sales | $280,805 |
| Net Income from Fundraising Events | $12,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,548,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,641,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $617,899 |
| Compensation of current officers, directors, key employees. | $617,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,181,975 |
| Pension plan accruals and contributions | $757,963 |
| Other employee benefits | $2,359,837 |
| Payroll taxes | $1,516,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,211 |
| Fees for services: Accounting | $129,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $125,868 |
| Fees for services: Investment Management | $651,110 |
| Fees for services: Other | $2,008,054 |
| Advertising and promotion | $595,283 |
| Office expenses | $2,036,263 |
| Information technology | $1,074,210 |
| Royalties | $0 |
| Occupancy | $1,886,056 |
| Travel | $652,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,641 |
| Interest | $562,384 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,828,953 |
| Insurance | $177,365 |
| All other expenses | $320,455 |
| Total functional expenses | $66,565,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,728,741 |
| Pledges and grants receivable | $543,839 |
| Accounts receivable, net | $2,202,633 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $583,530 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $157,912 |
| Net Land, buildings, and equipment | $58,576,996 |
| Investments—publicly traded securities | $6,290,465 |
| Investments—other securities | $139,751,357 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,181,663 |
| Total assets | $228,017,136 |
| Accounts payable and accrued expenses | $3,600,559 |
| Grants payable | $0 |
| Deferred revenue | $2,155,554 |
| Tax-exempt bond liabilities | $17,605,435 |
| Escrow or custodial account liability | $744,836 |
| 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 | $851,883 |
| Total liabilities | $24,958,267 |
| Net assets without donor restrictions | $75,076,481 |
| Net assets with donor restrictions | $127,982,388 |
| 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 | $228,017,136 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Doane University has recieved totaling $761,727.
| Awarding Organization | Amount |
|---|---|
Northfield Shares Northfield, MN PURPOSE: SUPPORT | $488,579 |
Robert And Ardis James Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $160,000 |
Kitty M Perkins Foundation Cambridge, NE PURPOSE: TO SUPPORT THE PANAMA/INTERNATIONAL SCHOLARSHIP FUND AND THE PHIL HECKMAN SCHOLARSHIP. | $62,000 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: SCHOLARSHIPS, GENERAL SUPPORT | $16,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,600 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: DOANE DAY OF GIVING. ATHLETICS/BASEBALL. | $6,500 |
Endowment Analysis
| Beg. Balance | $110,646,035 |
| Earnings | $33,466,926 |
| Admin Expense | $651,110 |
| Net Contributions | $870,445 |
| Other Expense | $2,283,823 |
| Grants | $2,103,004 |
| Ending Balance | $139,945,469 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |