Otterbein University FY2021 filing

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Otterbein University is an inclusive community dedicated to educating the whole person in the context of humane values. Our mission is to prepare graduates to think deeply and broadly, to engage locally and globally, and to advance their professions and communities. (continued on Schedule O

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-4379532) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.7M 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $599K a year · 0.6% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
1.5 mo
of spending, in cash
Plus $140.2M in investments, Pt X · Ln 11–13
1.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $47K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$51.3M
20% of total assets
Liabilities are 20% of assets.
Pt X · Ln 26
Independent board members
21
of 24 voting members
21 of 24 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$102.9M
-3% vs prior year
Spent
$98.7M
To programs
87%
Net assets
$209.7M
By yearFY2020–FY2025
Revenue
$102.9M
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$106.5M
FY2021$102.9M
FY2022$108.6M
FY2023$106.5M
FY2024$103.7M
FY2025$107.5M
Expenses
$98.7M
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$107.1M
FY2021$98.7M
FY2022$106.2M
FY2023$105.6M
FY2024$107.2M
FY2025$114.5M
Net assets
$209.7M
FY2021▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$179.9M
FY2021$209.7M
FY2022$201.4M
FY2023$201.1M
FY2024$207.2M
FY2025$207.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1945.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $85.9M Management & general 11% · $11.2M Fundraising 2% · $1.6M

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

31 people listed on the 990; $1.7M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President of the University
$378,725Pt VII · Sec A
$187,402Pt VII · Sec A
VP of Institutional Advancement
$176,121Pt VII · Sec A
VP of Business Affairs
$167,227Pt VII · Sec A
Director of Its Services
$166,381Pt VII · Sec A
Vice President of Enrollment Management
$166,086Pt VII · Sec A
Vice President of Student Affairs
$140,724Pt VII · Sec A
Trustee and Professor
$122,033Pt VII · Sec A

Comerford John’s $391K as President of the University is at the 25th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Comerford John$391,490$385,164$383,186$379,696——
John Comerford————$378,725$375,635
Sherman-Heckler Wendy$224,282$196,336$189,836$187,402——
Blackburn-Smith Jefferson$199,920$174,305$169,525$167,197——
Wendy Sherman Heckler————$187,402$185,287
McGreevey Michael$182,775$177,641$176,649$176,121——
Neumann Karl Willie———$177,717——
Michael McGreevey————$176,121$174,594

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.

See Otterbein University executive salaries →

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 liberal arts and professional education programs for students.

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1 program · $85.9M · in their own filed words · FY2020
01

Otterbein university's commitment is to the liberal arts as the base of all learning. Three features create a distinctive learning culture: 1) from our founding otterbein has been intentionally inclusive of women and persons of color; 2) otterbein's governance system includes students and faculty in decision-making through a single…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-4379532) · Dispute this line
$85.9Mprogram 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
See all 6 funders →
Grants paid · 6 grants · $238.9M · 2019–2024
Unitemized GrantFY2024$43,531,869
Unitemized GrantFY2023$39,788,491
Unitemized GrantFY2022$38,582,914
Unitemized GrantFY2021$38,340,451
Unitemized GrantFY2020$38,006,303
Unitemized GrantFY2019$40,605,376

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $19.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$13.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.2M
Stem Education (formerly Education and Human Resources)National Science Foundation · ALN 47.076 · Direct$423K
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$272K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$242K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $20.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$14.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.8M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$400K
Stem Education (formerly Education and Human Resources)National Science Foundation · ALN 47.076 · Direct$374K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$239K

Plus 7 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $22.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$17.3M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.4M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$615K
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Direct$311K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$237K

Plus 7 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $28.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$17.1M
Covid-19 - Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$5.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.6M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.3M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$239K

Plus 6 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$102.9M
Ln 12
Fees for servicesLn 2g$86.3M
Gifts and grantsLn 1h$9.3M
Investment incomeLn 3$6.6M
Money outPt IX
$98.7M
Ln 25
Programscol B$85.9M
Managementcol C$11.2M
Fundraisingcol D$1.6M
Owns and owesPt X
$209.7M
net assets · Ln 32
Cash and savingsLn 1–2$12.2M
Total assetsLn 16$261.0M
LiabilitiesLn 26$51.3M
PeoplePt VI, VII
31
listed · VII A
PaidVII A12
Voting boardVI 1a24
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.3M
Government grantsLn 1e$6.0M
Noncash giftsLn 1g$293K
Fundraising eventsLn 1c$647
Fees for servicesLn 2g$86.3M
Investment incomeLn 3$6.6M
Other incomeLn 4–11$706K
Gains on assetsLn 7$4.3M
Total revenueLn 12$102.9M
Assets in detailPt X, end of year
CashLn 1$396
SavingsLn 2$12.2M
Cash and savings togetherLn 1–2$12.2M
Pledges and grants receivableLn 3$1.8M
Accounts receivableLn 4$2.2M
Notes and loans receivableLn 7$1.2M
Prepaid expenses and deferred chargesLn 9$942K
Land, buildings, equipmentLn 10c$100.8M
InvestmentsLn 11–13$140.2M
Other assetsLn 15$1.6M
Total assetsLn 16$261.0M
LiabilitiesLn 26$51.3M
Net assetsLn 32$209.7M
OperationsPt I, VI
EmployeesI 51,497
VolunteersI 6220
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$31.3M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$37.3M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$293K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$317K
Share of the $122.8M endowmentSch D 1g0.26%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$122.8M$99.1M$101.4M$97.8M$93.1M
AddedLn 1b$921K$906K$1.2M$1.2M$1.6M
SpentLn 1d–1f$5.7M$5.3M$4.8M$4.7M$4.7M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$10.4M$12.2M
InvestmentsLn 11–13$113.9M$140.2M
Land, buildings, equipmentLn 10c$104.3M$100.8M
Total assetsLn 16$237.0M$261.0M
LiabilitiesLn 26$57.1M$51.3M
Net assetsLn 32$179.9M$209.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$38.0M$38.0M
Grants and assistance to foreign recipientsLn 3$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$1.1M$255K$793K$43K
Pay of disqualified personsLn 6$2K$2K
Other salaries and wagesLn 7$29.8M$25.4M$3.4M$955K
Pension plan contributionsLn 8$19K$19K$62
Other employee benefitsLn 9$4.5M$3.2M$1.1M$165K
Payroll taxesLn 10$2.1M$1.8M$292K$67K
Legal feesLn 11b$92K$7K$82K$2K
Accounting feesLn 11c$74K$74K
Lobbying feesLn 11d$26K$26K
Investment management feesLn 11f$317K$317K
Other fees for servicesLn 11g$7.6M$7.1M$393K$104K
Advertising and promotionLn 12$457K$147K$310K$819
Office expensesLn 13$6.1M$3.6M$2.4M$87K
Information technologyLn 14$1.6M$629K$967K$31K
OccupancyLn 16$242K$41K$146K$55K
TravelLn 17$267K$260K$7K$860
Conferences, conventions and meetingsLn 19$111K$84K$22K$4K
InterestLn 20$1.1M$1.1M$27K
Depreciation, depletion and amortizationLn 22$4.5M$3.9M$523K$85K
InsuranceLn 23$620K$330K$290K
Other expenses (24a–d)Ln 24$55K$27K$28K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$98.7M$85.9M$11.2M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $107.5M$114.5M−$7.0M$207.0M 990 PDF
FY2024Filed with the IRS May 15, 2025 $103.7M$107.2M−$3.5M$207.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 $106.5M$105.6M$864K$201.1M 990 PDF
FY2022 $108.6M$106.2M$2.4M$201.4M 990 PDF
FY2021 ViewingFiled with the IRS May 5, 2022 $102.9M$98.7M$4.2M$209.7M 990 PDF
FY2020Filed with the IRS May 14, 2021 $106.5M$107.1M−$615K$179.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations
See the full FY2021 990
Part I · Summary $102,893,802 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,473,619$9,320,774
I-9 Program service revenuePrior year $93,078,852$86,312,740
I-10 Investment incomePrior year $5,307,852$6,554,366
I-11 Other revenuePrior year $1,640,577$705,922
I-12 Total revenuePrior year $106,500,900$102,893,802
I-13 Grants and similar amounts paidPrior year $40,670,820$38,006,303
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $41,344,159$37,477,029
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $25,100,655$23,189,574
I-18 Total expensesPrior year $107,115,634$98,672,906
I-19 Revenue less expensesPrior year −$614,734$4,220,896
Part VI · Governance 21 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members21
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 $102,893,802 across 16 lines filed
Lines not itemized here account for $201,137 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$647
VIII-1d Related organizations$0
VIII-1e Government grants$5,978,570
VIII-1f All other contributions, gifts and grants$3,341,557
VIII-1g Noncash contributions (included above)$293,089
VIII-1h Total contributions, gifts and grants$9,320,774
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,312,740$86,312,740
VIII-3 Investment incomeUnrelated business $49,923 · Excluded from tax $2,241,694$2,291,617
VIII-5 RoyaltiesExcluded from tax $3,883$3,883
VIII-6 Net rental income or lossExcluded from tax $472,509$472,509
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,262,749$4,262,749
VIII-8 Net income from fundraising eventsExcluded from tax $3,545$3,545
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,757 · Unrelated business $11,091$24,848
VIII-12 Total revenueRelated to mission $86,527,634 · Unrelated business $61,014 · Excluded from tax $6,984,380$102,893,802
Part IX · Statement of functional expenses $98,672,906 across 24 lines filed
IX-2 Grants to domestic individualsPrograms $38,006,303$38,006,303
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $254,631 · Management $793,287 · Fundraising $42,613$1,090,531
IX-6 Pay of disqualified personsManagement $2,021$2,021
IX-7 Other salaries and wagesPrograms $25,390,302 · Management $3,421,345 · Fundraising $955,345$29,766,992
IX-8 Pension plan contributionsPrograms $19,425 · Fundraising $62$19,487
IX-9 Other employee benefitsPrograms $3,224,492 · Management $1,064,176 · Fundraising $165,442$4,454,110
IX-10 Payroll taxesPrograms $1,784,950 · Management $292,024 · Fundraising $66,914$2,143,888
IX-11b Legal feesPrograms $7,248 · Management $82,209 · Fundraising $2,414$91,871
IX-11c Accounting feesManagement $73,515$73,515
IX-11d Lobbying feesManagement $26,000$26,000
IX-11f Investment management feesManagement $317,017$317,017
IX-11g Other fees for servicesPrograms $7,067,348 · Management $393,038 · Fundraising $103,781$7,564,167
IX-12 Advertising and promotionPrograms $146,615 · Management $310,060 · Fundraising $819$457,494
IX-13 Office expensesPrograms $3,599,184 · Management $2,388,300 · Fundraising $86,822$6,074,306
IX-14 Information technologyPrograms $628,758 · Management $967,241 · Fundraising $31,214$1,627,213
IX-16 OccupancyPrograms $41,247 · Management $145,718 · Fundraising $55,010$241,975
IX-17 TravelPrograms $259,678 · Management $6,807 · Fundraising $860$267,345
IX-19 Conferences, conventions and meetingsPrograms $84,036 · Management $22,488 · Fundraising $4,196$110,720
IX-20 InterestPrograms $1,113,892 · Management $27,184$1,141,076
IX-22 Depreciation, depletion and amortizationPrograms $3,914,173 · Management $522,923 · Fundraising $85,446$4,522,542
IX-23 InsurancePrograms $329,822 · Management $289,680$619,502
IX-24 Other expenses (24a–d)Programs $27,121 · Management $27,710$54,831
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $85,899,225 · Management $11,172,743 · Fundraising $1,600,938$98,672,906
Part X · Balance sheet $261,024,350 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $396$396
X-2 Savings and temporary cash investmentsStart of year $10,436,415$12,216,423
X-3 Pledges and grants receivableStart of year $1,799,968$1,811,034
X-4 Accounts receivableStart of year $1,627,171$2,231,124
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $1,591,641$1,224,930
X-9 Prepaid expenses and deferred chargesStart of year $827,345$941,921
X-10c Land, buildings and equipment, netStart of year $104,298,812$100,770,039
X-11 Publicly traded securitiesStart of year $101,681,113$122,464,840
X-12 Other securitiesStart of year $12,247,807$17,719,096
X-15 Other assetsStart of year $2,463,213$1,644,547
X-16 Total assetsStart of year $236,973,881$261,024,350
X-17 Accounts payable and accrued expensesStart of year $6,467,630$5,860,585
X-19 Deferred revenueStart of year $4,067,888$1,160,599
X-20 Tax-exempt bond liabilitiesStart of year $33,366,657$31,327,217
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $11,149,115$11,169,821
X-25 Other liabilitiesStart of year $2,004,560$1,773,091
X-26 Total liabilitiesStart of year $57,055,850$51,291,313
X-27 Net assets without donor restrictionsStart of year $106,471,122$120,738,352
X-28 Net assets with donor restrictionsStart of year $73,446,909$88,994,685
X-32 Total net assets or fund balancesStart of year $179,918,031$209,733,037
X-33 Total liabilities and net assetsStart of year $236,973,881$261,024,350
Part XI · Reconciliation of net assets $209,733,037 net assets at year end
XI-1 Total revenue$102,893,802
XI-2 Total expenses$98,672,906
XI-3 Revenue less expenses$4,220,896
XI-4 Net assets at start of year$179,918,031
XI-5 Net unrealized gains (losses) on investments$25,494,409
XI-9 Other changes in net assets$99,701
XI-10 Net assets at end of year$209,733,037

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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