Herzing University is a regionally-accredited, private career University that provides educational programs at the certificate, undergraduate, and graduate levels for a diverse student population in traditional, non-traditional and online delivery formats. The corporate administrative office and online operations support office are located in suburban milwaukee, WI with a secondary online operations support office in chicago, il and ten campuses located throughout the united states. Through quality teaching and learning, the University is committed to provide students with opportunities to develop the knowledge, understanding and skills necessary for successful employment. Committed to the philosophy of putting students at the center of the University mission, Herzing University prepares graduates for careers in technology, business, healthcare, and public safety.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$3.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $6.2M a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.4M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $34.7M in investments, Pt X · Ln 11–13
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24.4M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150.4M
Spent
$132.1M
To programs
89%
Net assets
$107.0M
By yearFY2020–FY2024
Revenue
$150.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$150.4M
FY2021$172.5M
FY2022$165.2M
FY2023$171.4M
FY2024$200.5M
Expenses
$132.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$132.1M
FY2021$166.1M
FY2022$167.4M
FY2023$176.4M
FY2024$186.9M
Net assets
$107.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$107.0M
FY2021$111.3M
FY2022$102.8M
FY2023$105.9M
FY2024$123.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $117.2M Management & general 11% · $14.9M

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

20 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
EVP of Operations
$435,476Pt VII · Sec A
$433,202Pt VII · Sec A
President/CEO
$410,770Pt VII · Sec A
CFO/Treasurer
$372,595Pt VII · Sec A
$358,120Pt VII · Sec A
$343,700Pt VII · Sec A
VP of Operations, Campus Regions
$201,340Pt VII · Sec A
Assoc. Provost of Curriculum Innovation/Assessment
$194,364Pt VII · Sec A

Renee Herzing’s $625K as President/CEO is at the 55th 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

NameFY2024FY2023FY2022FY2021FY2020
Renee Herzing$625,187$598,241$539,820$437,493$410,770
Erik Parks$516,592$455,606$434,313$401,730$372,595
Nigel Longworth$451,431$465,820$388,199$360,508$358,120
James Gillespie$399,734$402,746$436,365$393,382$433,202
Robert Haimes——$221,956$388,303$435,476
Katherine Kautzer$370,305$378,487$395,508$364,100$343,700
Jason Morgan—$301,512$247,313$218,652$201,340
Jeffrey Cross$297,836————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers career-focused education at certificate, undergraduate, and graduate levels online and at ten campuses.

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1 program · $117.2M · in their own filed words · FY2020
01

Herzing university provides educational programs at the certificate, undergraduate, and graduate levels for a diverse student population in traditional, non-traditional and online delivery formats.

$117.2Mprogram 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
Total grants receivedfrom 1 funder$8K
Grants paid · 5 grants · $88.1M · 2020–2024
Unitemized GrantFY2024$20,402,303
Unitemized GrantFY2023$21,357,424
Unitemized GrantFY2022$18,894,449
Unitemized GrantFY2021$14,194,014
Unitemized GrantFY2020$13,283,410

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$150.4M
Ln 12
Fees for servicesLn 2g$141.7M
Gifts and grantsLn 1h$5.1M
Investment incomeLn 3$3.1M
Money outPt IX
$132.1M
Ln 25
Programscol B$117.2M
Managementcol C$14.9M
Owns and owesPt X
$107.0M
net assets · Ln 32
Cash and savingsLn 1–2$17.5M
Total assetsLn 16$131.4M
LiabilitiesLn 26$24.4M
PeoplePt VI, VII
20
listed · VII A
PaidVII A20
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Government grantsLn 1e$5.1M
Fees for servicesLn 2g$141.7M
Investment incomeLn 3$3.1M
Other incomeLn 4–11$378K
Gains on assetsLn 7$2.2M
Total revenueLn 12$150.4M
Assets in detailPt X, end of year
CashLn 1$17.5M
Cash and savings togetherLn 1–2$17.5M
InvestmentsLn 11–13$34.7M
Land, buildings, equipmentLn 10c$26.2M
Total assetsLn 16$131.4M
LiabilitiesLn 26$24.4M
Net assetsLn 32$107.0M
OperationsPt I, VI
EmployeesI 51,534
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY20End FY20
Cash and savingsLn 1–2$5.5M$17.5M
InvestmentsLn 11–13$32.5M$34.7M
Land, buildings, equipmentLn 10c$24.4M$26.2M
Total assetsLn 16$115.6M$131.4M
LiabilitiesLn 26$26.3M$24.4M
Net assetsLn 32$89.2M$107.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13.3M$13.3M
Grants and assistance to foreign recipientsLn 3$89K$89K
Pay of current officers, directors and key staffLn 5$2.6M$2.6M
Pay of disqualified personsLn 6$48.0M$44.6M$3.4M
Other employee benefitsLn 9$4.4M$3.9M$512K
Payroll taxesLn 10$3.7M$3.4M$382K
Legal feesLn 11b$410K$410K
Accounting feesLn 11c$245K$37K$208K
Lobbying feesLn 11d$3K$3K
Investment management feesLn 11f$94K$94K
Other fees for servicesLn 11g$9.3M$4.4M$5.0M
Advertising and promotionLn 12$21.0M$21.0M
Office expensesLn 13$944K$869K$75K
Information technologyLn 14$583K$103K$480K
OccupancyLn 16$5.0M$4.8M$242K
TravelLn 17$697K$521K$176K
InterestLn 20$256K$197K$59K
Depreciation, depletion and amortizationLn 22$4.8M$3.7M$1.1M
InsuranceLn 23$377K$377K
Other expenses (24a–d)Ln 24$13.2M$13.2M
All other expensesLn 24e$3.0M$2.8M$192K
Total functional expensesLn 25$132.1M$117.2M$14.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $200.5M$186.9M$13.6M$123.3M 990 PDF
FY2023 $171.4M$176.4M−$5.0M$105.9M 990 PDF
FY2022 $165.2M$167.4M−$2.2M$102.8M 990 PDF
FY2021 $172.5M$166.1M$6.4M$111.3M 990 PDF
FY2020 Viewing $150.4M$132.1M$18.3M$107.0M 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 F · Foreign J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $150,364,150 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,150$5,137,824
I-9 Program service revenuePrior year $133,482,095$141,748,629
I-10 Investment incomePrior year $1,770,114$3,099,946
I-11 Other revenuePrior year $635,891$377,751
I-12 Total revenuePrior year $135,915,250$150,364,150
I-13 Grants and similar amounts paidPrior year $13,034,992$13,372,548
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $57,972,130$58,723,359
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,619,319$59,974,481
I-18 Total expensesPrior year $123,626,441$132,070,388
I-19 Revenue less expensesPrior year $12,288,809$18,293,762
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
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 $150,364,150 across 8 lines filed
VIII-1e Government grants$5,097,729
VIII-1f All other contributions, gifts and grants$40,095
VIII-1h Total contributions, gifts and grants$5,137,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,748,629$141,748,629
VIII-3 Investment incomeExcluded from tax $866,780$866,780
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,233,166$2,233,166
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $377,751$377,751
VIII-12 Total revenueRelated to mission $142,126,380 · Unrelated business $0 · Excluded from tax $3,099,946$150,364,150
Part IX · Statement of functional expenses $132,070,388 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $13,283,410$13,283,410
IX-3 Grants and assistance to foreign recipientsPrograms $89,138$89,138
IX-5 Pay of current officers, directors and key staffManagement $2,606,868$2,606,868
IX-6 Pay of disqualified personsPrograms $44,600,474 · Management $3,393,431$47,993,905
IX-9 Other employee benefitsPrograms $3,874,323 · Management $511,527$4,385,850
IX-10 Payroll taxesPrograms $3,354,958 · Management $381,778$3,736,736
IX-11b Legal feesManagement $409,972$409,972
IX-11c Accounting feesPrograms $37,000 · Management $207,573$244,573
IX-11d Lobbying feesManagement $3,316$3,316
IX-11f Investment management feesManagement $94,377$94,377
IX-11g Other fees for servicesPrograms $4,361,850 · Management $4,970,731$9,332,581
IX-12 Advertising and promotionPrograms $21,035,370$21,035,370
IX-13 Office expensesPrograms $868,997 · Management $74,703$943,700
IX-14 Information technologyPrograms $102,753 · Management $479,850$582,603
IX-16 OccupancyPrograms $4,753,894 · Management $242,440$4,996,334
IX-17 TravelPrograms $520,958 · Management $176,197$697,155
IX-20 InterestPrograms $197,475 · Management $58,986$256,461
IX-22 Depreciation, depletion and amortizationPrograms $3,729,076 · Management $1,113,880$4,842,956
IX-23 InsurancePrograms $376,551$376,551
IX-24 Other expenses (24a–d)Programs $13,153,880$13,153,880
IX-24e All other expensesPrograms $2,812,776 · Management $191,876$3,004,652
IX-25 Total functional expensesPrograms $117,152,883 · Management $14,917,505 · Fundraising $0$132,070,388
Part X · Balance sheet $131,421,103 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $5,520,132$17,493,988
X-4 Accounts receivableStart of year $1,778,577$4,014,416
X-9 Prepaid expenses and deferred chargesStart of year $1,966,758$1,557,166
X-10c Land, buildings and equipment, netStart of year $24,405,488$26,207,444
X-11 Publicly traded securitiesStart of year $32,499,664$34,711,710
X-14 Intangible assetsStart of year $49,385,389$47,436,379
X-16 Total assetsStart of year $115,556,008$131,421,103
X-17 Accounts payable and accrued expensesStart of year $9,652,427$13,632,247
X-19 Deferred revenueStart of year $1,515,045$1,878,395
X-24 Unsecured notes and loans payableStart of year $14,163,316$6,000,000
X-25 Other liabilitiesStart of year $1,013,859$2,923,697
X-26 Total liabilitiesStart of year $26,344,647$24,434,339
X-27 Net assets without donor restrictionsStart of year $88,420,340$106,176,528
X-28 Net assets with donor restrictionsStart of year $791,021$810,236
X-32 Total net assets or fund balancesStart of year $89,211,361$106,986,764
X-33 Total liabilities and net assetsStart of year $115,556,008$131,421,103
Part XI · Reconciliation of net assets $106,986,764 net assets at year end
XI-1 Total revenue$150,364,150
XI-2 Total expenses$132,070,388
XI-3 Revenue less expenses$18,293,762
XI-4 Net assets at start of year$89,211,361
XI-5 Net unrealized gains (losses) on investments−$518,359
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$106,986,764

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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