Walsh University INC: Nonprofit Profile, Financials & Form 990 (EIN 34-0868798)

Dr Timothy Collins’s $386K as President is at the 78th percentile of top reported officer pay among 3683 $10–100M 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
Richard Jusseaume	—	—	—	—	$584,624	$535,963
Dr Timothy Collins	$386,248	$367,995	$349,631	$333,851	$307,474	$136,084
Laurel Lusk	$160,060	$158,597	$152,490	$142,675	$116,909	$106,989
Eric Belden	—	—	$134,551	$132,156	$138,201	$158,322
Dr Marc Fusaro	$157,345	—	—	—	—	—
Dr Michael Dunphy	$155,932	$134,848	$133,904	$125,738	—	—
Dr Eric Constant	$154,796	—	—	—	—	—
Dr Douglas Palmer Le	—	—	—	—	—	$135,680

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 Walsh University INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Empowering students with values-based education to become leaders serving others.

Questions for Walsh University INC

Tap to ask. Walsh University INC sees how many people are interested.

Your first name shows with your question. Walsh University INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $72.2M · in their own filed words · FY2024

01

The University provides approximately 2,300 students from 42 states and 35 countries a higher education that fosters critical thinking, effective communication, spiritual growth, and personal, professional and cultural development.

$72.2Mprogram 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

F W Albrecht Family FoundationFY2025$5K

The Robert H Jentes Scholarship FundFY2025$2K

Bernhard-Wentz Scholarship FundFY2025$2K

Ella Weiss Educational FundFY2025$175

Total grants receivedfrom 4 funders$10K

See all 4 funders →

Grants paid · 12 grants · $176.8M · 2019–2024

Unitemized GrantFY2024$29,187,260

Unitemized GrantFY2024$2,509,936

Unitemized GrantFY2023$25,667,556

Unitemized GrantFY2023$2,271,716

Unitemized GrantFY2022$26,044,766

Unitemized GrantFY2022$2,218,099

Unitemized GrantFY2021$25,956,457

Unitemized GrantFY2021$2,773,854

Unitemized GrantFY2020$27,178,526

Unitemized GrantFY2020$2,721,944

Unitemized GrantFY2019$27,298,606

Unitemized GrantFY2019$3,006,598

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$83.1M

Ln 12

Fees for servicesLn 2g$71.1M

Investment incomeLn 3$7.1M

Gifts and grantsLn 1h$4.0M

Money outPt IX

$79.3M

Ln 25

Programscol B$72.2M

Managementcol C$6.0M

Fundraisingcol D$1.1M

Owns and owesPt X

$116.0M

net assets · Ln 32

Cash and savingsLn 1–2$21.1M

Total assetsLn 16$128.1M

LiabilitiesLn 26$12.1M

PeoplePt VI, VII

31

listed · VII A

PaidVII A8

Voting boardVI 1a24

IndependentVI 1b23

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.0M

Government grantsLn 1e$1.1M

Noncash giftsLn 1g$84K

Fundraising eventsLn 1c$164K

Fees for servicesLn 2g$71.1M

Investment incomeLn 3$7.1M

Other incomeLn 4–11$963K

Gains on assetsLn 7$5.0M

Total revenueLn 12$83.1M

Assets in detailPt X, end of year

CashLn 1$4K

SavingsLn 2$21.1M

Cash and savings togetherLn 1–2$21.1M

InvestmentsLn 11–13$41.7M

Land, buildings, equipmentLn 10c$57.3M

Other assetsLn 15$1.4M

Total assetsLn 16$128.1M

LiabilitiesLn 26$12.1M

Net assetsLn 32$116.0M

OperationsPt I, VI

EmployeesI 51,133

VolunteersI 6310

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$18.4M	$21.1M
InvestmentsLn 11–13	$38.3M	$41.7M
Land, buildings, equipmentLn 10c	$59.9M	$57.3M
Total assetsLn 16	$125.4M	$128.1M
LiabilitiesLn 26	$12.2M	$12.1M
Net assetsLn 32	$113.2M	$116.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$6K	$6K
Grants to domestic individualsLn 2	$31.7M	$31.7M
Pay of current officers, directors and key staffLn 5	$789K		$789K
Other salaries and wagesLn 7	$19.4M	$16.8M	$1.9M	$664K
Pension plan contributionsLn 8	$960K	$818K	$108K	$34K
Other employee benefitsLn 9	$3.3M	$3.0M	$227K	$56K
Payroll taxesLn 10	$1.5M	$1.2M	$195K	$49K
Legal feesLn 11b	$94K	$231	$93K
Accounting feesLn 11c	$75K		$75K
Professional fundraising feesLn 11e	$9K			$9K
Investment management feesLn 11f	$139K		$139K
Other fees for servicesLn 11g	$6.1M	$5.6M	$303K	$139K
Advertising and promotionLn 12	$610K	$289K	$286K	$34K
Office expensesLn 13	$1.4M	$1.3M	$77K	$40K
Information technologyLn 14	$605K		$605K
OccupancyLn 16	$2.6M	$2.2M	$380K	$15K
TravelLn 17	$1.4M	$1.3M	$65K	$19K
InterestLn 20	$446K	$274K	$171K
Depreciation, depletion and amortizationLn 22	$3.3M	$3.3M	$6K
InsuranceLn 23	$631K	$294K	$336K
Other expenses (24a–d)Ln 24	$4.2M	$3.9M	$234K	$64K
All other expensesLn 24e	$87K	$86K	$0	$346
Total functional expensesLn 25	$79.3M	$72.2M	$6.0M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$83.1M	$79.3M	$3.8M	$116.0M	990 PDF
FY2024	$69.7M	$74.2M	−$4.6M	$113.2M	990 PDF
FY2023	$77.8M	$74.3M	$3.5M	$114.2M	990 PDF
FY2022	$81.1M	$77.7M	$3.4M	$107.8M	990 PDF
FY2021	$88.2M	$76.1M	$12.1M	$110.5M	990 PDF
FY2020	$81.6M	$78.3M	$3.2M	$95.0M	990 PDF

More to add? Claim this org

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 $83,120,308 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,668,891$4,025,873

I-9 Program service revenuePrior year $64,431,273$71,072,023

I-10 Investment incomePrior year $1,662,164$7,059,516

I-11 Other revenuePrior year $904,768$962,896

I-12 Total revenuePrior year $69,667,096$83,120,308

I-13 Grants and similar amounts paidPrior year $27,943,005$31,703,178

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $25,973,158$25,937,363

I-16a Professional fundraising feesPrior year $109,200$9,100

I-17 Other expensesPrior year $20,200,942$21,696,929

I-18 Total expensesPrior year $74,226,305$79,346,570

I-19 Revenue less expensesPrior year −$4,559,209$3,773,738

Part VI · Governance 23 of 24 board members independent, 1 to look at

VI-1a Voting members of the governing body24

VI-1b Independent voting members23

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

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

Part VIII · Statement of revenue $83,120,308 across 12 lines filed

Lines not itemized here account for $9,008 of total revenue; see the IRS return.

VIII-1c Fundraising events$163,660

VIII-1e Government grants$1,102,162

VIII-1f All other contributions, gifts and grants$2,760,051

VIII-1g Noncash contributions (included above)$83,652

VIII-1h Total contributions, gifts and grants$4,025,873

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $71,072,023$71,072,023

VIII-3 Investment incomeExcluded from tax $2,091,071$2,091,071

VIII-6 Net rental income or lossExcluded from tax −$136,363−$136,363

VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,968,445$4,968,445

VIII-8 Net income from fundraising eventsExcluded from tax −$21,684−$21,684

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,111,935$1,111,935

VIII-12 Total revenueRelated to mission $71,072,023 · Unrelated business $0 · Excluded from tax $8,022,412$83,120,308

Part IX · Statement of functional expenses $79,346,570 across 22 lines filed

IX-1 Grants to domestic organizationsPrograms $5,982$5,982

IX-2 Grants to domestic individualsPrograms $31,697,196$31,697,196

IX-5 Pay of current officers, directors and key staffManagement $789,079$789,079

IX-7 Other salaries and wagesPrograms $16,820,078 · Management $1,902,736 · Fundraising $663,605$19,386,419

IX-8 Pension plan contributionsPrograms $817,537 · Management $108,157 · Fundraising $33,934$959,628

IX-9 Other employee benefitsPrograms $3,027,406 · Management $227,099 · Fundraising $56,063$3,310,568

IX-10 Payroll taxesPrograms $1,247,822 · Management $195,337 · Fundraising $48,510$1,491,669

IX-11b Legal feesPrograms $231 · Management $93,359$93,590

IX-11c Accounting feesManagement $74,560$74,560

IX-11e Professional fundraising feesFundraising $9,100$9,100

IX-11f Investment management feesManagement $138,610$138,610

IX-11g Other fees for servicesPrograms $5,621,604 · Management $302,624 · Fundraising $138,658$6,062,886

IX-12 Advertising and promotionPrograms $289,064 · Management $286,321 · Fundraising $34,275$609,660

IX-13 Office expensesPrograms $1,326,501 · Management $77,213 · Fundraising $39,815$1,443,529

IX-14 Information technologyManagement $605,413$605,413

IX-16 OccupancyPrograms $2,196,571 · Management $379,923 · Fundraising $14,742$2,591,236

IX-17 TravelPrograms $1,285,340 · Management $65,099 · Fundraising $19,134$1,369,573

IX-20 InterestPrograms $274,057 · Management $171,494$445,551

IX-22 Depreciation, depletion and amortizationPrograms $3,295,496 · Management $5,597$3,301,093

IX-23 InsurancePrograms $294,492 · Management $336,442$630,934

IX-24 Other expenses (24a–d)Programs $3,945,309 · Management $234,108 · Fundraising $64,335$4,243,752

IX-24e All other expensesPrograms $86,196 · Management $0 · Fundraising $346$86,542

IX-25 Total functional expensesPrograms $72,230,882 · Management $5,993,171 · Fundraising $1,122,517$79,346,570

Part X · Balance sheet $128,134,508 assets, 22 lines filed

Asset lines not itemized here account for $10,911; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $3,349$3,537

X-2 Savings and temporary cash investmentsStart of year $18,373,192$21,125,502

X-3 Pledges and grants receivableStart of year $2,711,838$2,658,511

X-4 Accounts receivableStart of year $3,505,059$2,886,210

X-8 Inventories for sale or useStart of year $25,135$19,743

X-9 Prepaid expenses and deferred chargesStart of year $1,063,230$930,667

X-10c Land, buildings and equipment, netStart of year $59,905,126$57,338,463

X-11 Publicly traded securitiesStart of year $27,391,255$29,611,073

X-12 Other securitiesStart of year $10,938,577$12,119,545

X-15 Other assetsStart of year $1,480,228$1,430,346

X-16 Total assetsStart of year $125,408,213$128,134,508

X-17 Accounts payable and accrued expensesStart of year $1,519,028$3,072,508

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $1,084,424$1,078,478

X-20 Tax-exempt bond liabilitiesStart of year $8,584,323$7,092,180

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $1,028,934$874,729

X-26 Total liabilitiesStart of year $12,216,709$12,117,895

X-27 Net assets without donor restrictionsStart of year $76,003,406$75,101,744

X-28 Net assets with donor restrictionsStart of year $37,188,098$40,914,869

X-32 Total net assets or fund balancesStart of year $113,191,504$116,016,613

X-33 Total liabilities and net assetsStart of year $125,408,213$128,134,508

Part XI · Reconciliation of net assets $116,016,613 net assets at year end

XI-1 Total revenue$83,120,308

XI-2 Total expenses$79,346,570

XI-3 Revenue less expenses$3,773,738

XI-4 Net assets at start of year$113,191,504

XI-5 Net unrealized gains (losses) on investments−$945,821

XI-6 Donated services and use of facilities$146,000

XI-9 Other changes in net assets−$148,808

XI-10 Net assets at end of year$116,016,613

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Walsh University INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid