Misericordia University: Nonprofit Profile, Financials & Form 990 (EIN 24-0795406)

Revenue by fiscal year
FY2020	$89.8M
FY2021	$90.5M
FY2022	$92.4M
FY2023	$89.7M
FY2024	$96.5M
FY2025	$128.5M

Expenses by fiscal year
FY2020	$88.2M
FY2021	$84.3M
FY2022	$87.7M
FY2023	$89.0M
FY2024	$93.2M
FY2025	$100.8M

Net assets by fiscal year
FY2020	$142.2M
FY2021	$161.3M
FY2022	$154.1M
FY2023	$158.2M
FY2024	$168.6M
FY2025	$175.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $90.3M Management & general 9% · $9.4M Fundraising 1% · $1.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

44 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Daniel J Myers PHD

President

$429,934Pt VII · Sec A

David Rehm PHD

Provost

$212,588Pt VII · Sec A

Tanya Easton

VP University Advance (ret. 6/25)

$194,930Pt VII · Sec A

Mark Van Etten

Executive Vice President

$193,619Pt VII · Sec A

James Pierson

Dean College of Business

$182,085Pt VII · Sec A

Glen Tellis PHD

Chair, Speech-Language Pathology

$162,400Pt VII · Sec A

John Woznicki

Dean College of Arts & Sciences

$158,634Pt VII · Sec A

Elaine Halesey

Professor

$151,583Pt VII · Sec A

Daniel J Myers PHD’s $430K as President is at the 29th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Thomas J Botzman PHD	—	—	—	—	$485,435	$361,317
Daniel J Myers PHD	$429,934	$403,146	$370,412	$180,039	—	—
David Rehm PHD	$212,588	$205,257	$197,136	—	—	—
David Rehm	—	—	—	$195,393	$196,541	$185,711
Tanya Easton	$194,930	$187,893	—	—	—	—
Mark Van Etten	$193,619	$183,116	$177,550	$170,185	$161,794	$152,919
Susan Helwig	—	—	—	$182,171	$185,493	$175,394
Kathleen Owens PHD	—	—	—	$184,109	$172,422	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers college courses and degrees to students.

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Provided by the organization

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1 program · $90.3M · in their own filed words · FY2024

01

Misericordia university is a catholic liberal arts institution established in the tradition of the sisters of mercy in 1924. The university fosters intellectual curiosity, critical thinking, and respect for persons in an environment where all are welcome.

$90.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Folds of Honor FoundationFY2025$12K

Earl Koons ScholarshipFY2025$500

Total grants receivedfrom 2 funders$13K

Grants paid · 6 grants · $182.3M · 2019–2024

Unitemized GrantFY2024$34,641,814

Unitemized GrantFY2023$30,771,310

Unitemized GrantFY2022$29,022,880

Unitemized GrantFY2021$29,755,296

Unitemized GrantFY2020$28,801,616

Unitemized GrantFY2019$29,327,589

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$128.5M

Ln 12

Fees for servicesLn 2g$91.0M

Investment incomeLn 3$30.9M

Gifts and grantsLn 1h$5.6M

Money outPt IX

$100.8M

Ln 25

Programscol B$90.3M

Managementcol C$9.4M

Fundraisingcol D$1.0M

Owns and owesPt X

$175.1M

net assets · Ln 32

Cash and savingsLn 1–2$12.2M

Total assetsLn 16$230.8M

LiabilitiesLn 26$55.7M

PeoplePt VI, VII

44

listed · VII A

PaidVII A9

Voting boardVI 1a34

IndependentVI 1b32

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.6M

Government grantsLn 1e$2.5M

Noncash giftsLn 1g$306K

Fundraising eventsLn 1c$36K

Fees for servicesLn 2g$91.0M

Investment incomeLn 3$30.9M

Other incomeLn 4–11$917K

Gains on assetsLn 7$27.4M

Total revenueLn 12$128.5M

Assets in detailPt X, end of year

CashLn 1$24K

SavingsLn 2$12.2M

Cash and savings togetherLn 1–2$12.2M

InvestmentsLn 11–13$81.1M

Land, buildings, equipmentLn 10c$118.0M

Other assetsLn 15$6.3M

Total assetsLn 16$230.8M

LiabilitiesLn 26$55.7M

Net assetsLn 32$175.1M

OperationsPt I, VI

EmployeesI 51,244

VolunteersI 630

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$10.8M	$12.2M
InvestmentsLn 11–13	$75.9M	$81.1M
Land, buildings, equipmentLn 10c	$120.3M	$118.0M
Total assetsLn 16	$227.7M	$230.8M
LiabilitiesLn 26	$59.1M	$55.7M
Net assetsLn 32	$168.6M	$175.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$34.6M	$34.6M
Pay of current officers, directors and key staffLn 5	$1.2M		$1.2M
Other salaries and wagesLn 7	$27.8M	$24.4M	$2.8M	$531K
Pension plan contributionsLn 8	$2.9M	$2.6M	$284K	$69K
Other employee benefitsLn 9	$1.0M	$884K	$98K	$24K
Payroll taxesLn 10	$4.0M	$3.5M	$386K	$93K
Legal feesLn 11b	$85K		$85K
Accounting feesLn 11c	$93K		$93K
Lobbying feesLn 11d	$60K			$60K
Investment management feesLn 11f	$293K		$293K
Other fees for servicesLn 11g	$3.4M	$2.4M	$917K	$98K
Advertising and promotionLn 12	$1.1M	$147K	$991K	$3K
Office expensesLn 13	$3.4M	$3.0M	$349K	$74K
Information technologyLn 14	$1.7M	$460K	$1.2M	$199
OccupancyLn 16	$3.2M	$3.1M	$73K
TravelLn 17	$1.5M	$1.3M	$163K	$85K
Conferences, conventions and meetingsLn 19	$259K	$231K	$24K	$3K
InterestLn 20	$2.2M	$2.2M	$18K
Depreciation, depletion and amortizationLn 22	$7.3M	$7.1M	$188K
InsuranceLn 23	$808K	$789K	$19K
Other expenses (24a–d)Ln 24	$3.9M	$3.7M	$241K	$5K
Total functional expensesLn 25	$100.8M	$90.3M	$9.4M	$1.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$128.5M	$100.8M	$27.7M	$175.1M	990 PDF
FY2024	$96.5M	$93.2M	$3.3M	$168.6M	990 PDF
FY2023	$89.7M	$89.0M	$701K	$158.2M	990 PDF
FY2022	$92.4M	$87.7M	$4.7M	$154.1M	990 PDF
FY2021	$90.5M	$84.3M	$6.2M	$161.3M	990 PDF
FY2020	$89.8M	$88.2M	$1.6M	$142.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $128,458,889 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,883,752$5,596,364

I-9 Program service revenuePrior year $81,393,333$91,046,646

I-10 Investment incomePrior year $4,385,206$30,898,959

I-11 Other revenuePrior year $824,616$916,920

I-12 Total revenuePrior year $96,486,907$128,458,889

I-13 Grants and similar amounts paidPrior year $30,771,310$34,641,814

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $35,684,195$36,821,268

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $26,769,231$29,288,794

I-18 Total expensesPrior year $93,224,736$100,751,876

I-19 Revenue less expensesPrior year $3,262,171$27,707,013

Part VI · Governance 32 of 34 board members independent, no flags

VI-1a Voting members of the governing body34

VI-1b Independent voting members32

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $128,458,889 across 11 lines filed

Lines not itemized here account for $602,996 of total revenue; see the IRS return.

VIII-1c Fundraising events$35,962

VIII-1e Government grants$2,529,620

VIII-1f All other contributions, gifts and grants$3,030,782

VIII-1g Noncash contributions (included above)$305,904

VIII-1h Total contributions, gifts and grants$5,596,364

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $91,002,801 · Excluded from tax $43,845$91,046,646

VIII-3 Investment incomeExcluded from tax $3,460,549$3,460,549

VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,378,456$27,378,456

VIII-8 Net income from fundraising eventsExcluded from tax −$8,577−$8,577

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $226,001 · Unrelated business $156,454$382,455

VIII-12 Total revenueRelated to mission $91,492,681 · Unrelated business $156,454 · Excluded from tax $31,213,390$128,458,889

Part IX · Statement of functional expenses $100,751,876 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $34,641,814$34,641,814

IX-5 Pay of current officers, directors and key staffManagement $1,156,562$1,156,562

IX-7 Other salaries and wagesPrograms $24,420,812 · Management $2,838,094 · Fundraising $530,818$27,789,724

IX-8 Pension plan contributionsPrograms $2,557,821 · Management $284,189 · Fundraising $68,669$2,910,679

IX-9 Other employee benefitsPrograms $883,881 · Management $98,205 · Fundraising $23,729$1,005,815

IX-10 Payroll taxesPrograms $3,478,606 · Management $386,494 · Fundraising $93,388$3,958,488

IX-11b Legal feesManagement $84,685$84,685

IX-11c Accounting feesManagement $92,745$92,745

IX-11d Lobbying feesFundraising $60,300$60,300

IX-11f Investment management feesManagement $293,319$293,319

IX-11g Other fees for servicesPrograms $2,358,788 · Management $917,339 · Fundraising $97,716$3,373,843

IX-12 Advertising and promotionPrograms $146,942 · Management $990,609 · Fundraising $2,560$1,140,111

IX-13 Office expensesPrograms $2,987,018 · Management $349,358 · Fundraising $73,635$3,410,011

IX-14 Information technologyPrograms $459,541 · Management $1,195,616 · Fundraising $199$1,655,356

IX-16 OccupancyPrograms $3,083,940 · Management $72,908$3,156,848

IX-17 TravelPrograms $1,285,683 · Management $162,773 · Fundraising $84,510$1,532,966

IX-19 Conferences, conventions and meetingsPrograms $231,233 · Management $24,260 · Fundraising $3,238$258,731

IX-20 InterestPrograms $2,184,396 · Management $17,943$2,202,339

IX-22 Depreciation, depletion and amortizationPrograms $7,106,766 · Management $188,228$7,294,994

IX-23 InsurancePrograms $789,306 · Management $19,182$808,488

IX-24 Other expenses (24a–d)Programs $3,678,226 · Management $240,801 · Fundraising $5,031$3,924,058

IX-25 Total functional expensesPrograms $90,294,773 · Management $9,413,310 · Fundraising $1,043,793$100,751,876

Part X · Balance sheet $230,778,751 assets, 21 lines filed

X-1 Cash, non-interest-bearingStart of year $90,190$24,194

X-2 Savings and temporary cash investmentsStart of year $10,754,472$12,188,620

X-3 Pledges and grants receivableStart of year $8,031,430$8,876,180

X-4 Accounts receivableStart of year $4,363,990$1,440,550

X-8 Inventories for sale or useStart of year $229,906$252,714

X-9 Prepaid expenses and deferred chargesStart of year $885,794$1,572,148

X-10c Land, buildings and equipment, netStart of year $120,307,883$118,029,367

X-11 Publicly traded securitiesStart of year $74,356,316$79,611,609

X-13 Program-related investmentsStart of year $1,524,702$1,489,356

X-14 Intangible assetsStart of year $1,112,508$981,028

X-15 Other assetsStart of year $6,065,503$6,312,985

X-16 Total assetsStart of year $227,722,694$230,778,751

X-17 Accounts payable and accrued expensesStart of year $5,489,902$3,567,768

X-19 Deferred revenueStart of year $3,484,506$3,476,297

X-20 Tax-exempt bond liabilitiesStart of year $45,626,234$44,449,339

X-25 Other liabilitiesStart of year $4,534,174$4,159,511

X-26 Total liabilitiesStart of year $59,134,816$55,652,915

X-27 Net assets without donor restrictionsStart of year $114,784,310$118,078,573

X-28 Net assets with donor restrictionsStart of year $53,803,568$57,047,263

X-32 Total net assets or fund balancesStart of year $168,587,878$175,125,836

X-33 Total liabilities and net assetsStart of year $227,722,694$230,778,751

Part XI · Reconciliation of net assets $175,125,836 net assets at year end

XI-1 Total revenue$128,458,889

XI-2 Total expenses$100,751,876

XI-3 Revenue less expenses$27,707,013

XI-4 Net assets at start of year$168,587,878

XI-5 Net unrealized gains (losses) on investments−$21,716,285

XI-9 Other changes in net assets$547,230

XI-10 Net assets at end of year$175,125,836

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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