Parker University
- Assets
- $138.7m
- Revenue
- $82.2m
- Investments
- $0.0
- Employees
- 606
- Location
- Dallas, TX
- Founding
- 10/1978
- Data as of
- 08/2023
- EIN
- 75-1596658
Organization Overview
Parker University is located in Dallas, TX. The organization was established in 1978. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 08/2023, Parker University employed 606 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parker 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 08/2023, Parker University generated $82.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $78.9m during the year ending 08/2023. While expenses have increased by 10.2% 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
PARKER UNIVERSITY IS A LEADING HEALTHCARE EDUCATOR, DEVELOPING SKILLED AND COMPASSIONATE PROFESSIONALS IN CHIROPRACTIC, ALLIED HEALTH AND BUSINESS-RELATED FIELDS.
Describe the Organization's Program Activity:
THE UNIVERSITY'S DOCTOR OF CHIROPRACTIC PROGRAM IS BOTH RIGOROUS AN COMPREHENSIVE, LEVERAGING THE LATEST RESEARCH AND TECHNOLOGY AND FEATURING A RESEARCH FACILITY AND AN INTEGRATED CLINICAL EXPERIENCE AT ONE OF ITS TWO PUBLIC CLINICS OR THROUGH OFFSITE INTERNSHIPS AT PARTICIPATING HOSPITALS AND PRIVATE PRACTICES. THE PROGRAM IS DESIGNED TO DEVELOP SKILLED PROFESSIONALS DEVOTED TO THE PRACTICE OF COMPASSIONATE, PATIENT-CENTERED AND EVIDENCE-BASED CARE.
SYNAPSE MANAGEMENT SERVICES
THE UNIVERSITY OFFERS CERTIFICATE, UNDERGRADUATE, AND GRADUATE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS IN ITS COLLEGE OF HEALTH SCIENCES AND ITS COLLEGE OF BUSINESS AND TECHNOLOGY. SUCH PROGRAMS FEATURE DYNAMIC LEARNING ENVIRONMENTS AND OFFER MULTIPLE DELIVERY FORMATS.
PARKER UNIVERSITY PROVIDES ETHICAL, WELL RESEARCHED, AND RELEVANT CONTINUING EDUCATION TO HEALTH AND WELLNESS PROFESSIONALS IN THE VIRTUAL CLASSROOM OR AT ONE OF ITS VARIOUS SEMINARS HOSTED ANNUALLY IN DALLAS OR LAS VEGAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Morgan Dc President | Officer | 50 | $583,538 |
Jayne Moschella Dc Evp/provost | Officer | 48 | $351,642 |
Donald L Mcnutt Vp/chief Operations Officer | Officer | 50 | $270,078 |
Clint Gilchrist VP & CFO End: 5/23 | Officer | 50 | $267,620 |
Christopher Michael Williams Chief Marketing Officer | 50 | $211,488 | |
Patrick B Bodnar Assistant Provost | 50 | $194,019 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southeast Service Corporaton Facilities Maint | 8/30/23 | $1,431,866 |
Sage Dining Services Inc Dining Services | 8/30/23 | $1,369,519 |
Delcom Group Lp It Services | 8/30/23 | $1,219,007 |
Paris Las Vegas Operating Company L Seminar | 8/30/23 | $726,627 |
Skiles Group Inc Construction | 8/30/23 | $675,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,150 |
| Government grants | $5,397,557 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,154 |
| Noncash contributions included in lines 1a–1f | $18,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,550,861 |
| Total Program Service Revenue | $76,132,913 |
| Investment income | $1,320,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,470 |
| Net Gain/Loss on Asset Sales | -$1,089,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $201,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,172,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| Grants and other assistance to domestic individuals. | $10,234,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,623,526 |
| Compensation of current officers, directors, key employees. | $1,118,642 |
| Compensation to disqualified persons | $90,504 |
| Other salaries and wages | $27,241,100 |
| Pension plan accruals and contributions | $1,290,896 |
| Other employee benefits | $4,870,892 |
| Payroll taxes | $2,522,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $337,739 |
| Fees for services: Accounting | $135,190 |
| Fees for services: Lobbying | $82,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,872 |
| Fees for services: Other | $1,949,268 |
| Advertising and promotion | $3,420,797 |
| Office expenses | $1,014,988 |
| Information technology | $4,356,079 |
| Royalties | $0 |
| Occupancy | $7,349,763 |
| Travel | $825,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,111,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,979,414 |
| Insurance | $758,648 |
| All other expenses | $524,065 |
| Total functional expenses | $78,883,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,474,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $205,000 |
| Accounts receivable, net | $8,012,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $726,226 |
| Prepaid expenses and deferred charges | $1,634,189 |
| Net Land, buildings, and equipment | $55,261,233 |
| Investments—publicly traded securities | $40,237,060 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,179,749 |
| Total assets | $138,730,727 |
| Accounts payable and accrued expenses | $19,205,945 |
| Grants payable | $0 |
| Deferred revenue | $168,965 |
| Tax-exempt bond liabilities | $0 |
| 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 | $2,639,116 |
| Total liabilities | $22,014,026 |
| Net assets without donor restrictions | $114,816,701 |
| Net assets with donor restrictions | $1,900,000 |
| 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 | $138,730,727 |
Grants Awarded
Over the last fiscal year, Parker University has awarded $200,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS CHIROPRACTIC ASSOCIATION PURPOSE: DONATION | $90,000 |
FOUNDATION FOR CHIROPRACTIC PROGRESS PURPOSE: DONATION | $5,000 |
TEXAS CHIROPRACTIC ASSOCIATION PURPOSE: DONATION | $90,000 |
FOUNDATION FOR CHIROPRACTIC PROGRESS PURPOSE: DONATION | $5,000 |
DALLAS AMPUTEE NETWORK PURPOSE: DONATION | $5,000 |
DALLAS AMPUTEE NETWORK PURPOSE: DONATION | $5,000 |