Taylor University FY2021 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $52,023 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

Develop servant leaders to minister Christ's redemptive love and truth to a world in need.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.1M 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
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $23.2M a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $154.7M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $159K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$32.5M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 22 voting members
Looks good: 21 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104.0M
+5% vs prior year
Spent
$94.2M
To programs
87%
Net assets
$247.8M
By yearFY2020–FY2025
Revenue
$104.0M
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$99.1M
FY2021$104.0M
FY2022$122.3M
FY2023$130.4M
FY2024$186.7M
FY2025$158.9M
Expenses
$94.2M
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$98.6M
FY2021$94.2M
FY2022$101.9M
FY2023$108.6M
FY2024$122.0M
FY2025$137.1M
Net assets
$247.8M
FY2021▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$215.2M
FY2021$247.8M
FY2022$252.9M
FY2023$329.4M
FY2024$406.7M
FY2025$435.7M

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

Give Claim
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 Mar 1953.

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% · $82.0M Management & general 9% · $9.0M Fundraising 3% · $3.2M

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

Something off? Claim to add context

Who runs it and what they're paid

30 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Interim President
$227,061Pt VII · Sec A
VP of University Advancement
$191,321Pt VII · Sec A
Provost/Executive Vice President
$179,610Pt VII · Sec A
Faculty Member
$142,110Pt VII · Sec A
Special Assistant to the President
$134,994Pt VII · Sec A
VP Student Services
$125,052Pt VII · Sec A
VP Business & Finance/CFO
$123,622Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Dr D Michael Lindsay’s $571K as President is at the 49th 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
Dr D Michael Lindsay$571,350$575,721$525,773$152,408——
Paul Lowell Haines—————$305,598
Paige Cunningham———$205,397$227,061$78,281
Holly Whitby$201,323$192,668$175,385———
Rex Bennett———$193,286$191,321$193,759
Jewerl Maxwell$188,494$180,096$177,187———
Michael Hammond————$179,610$168,528
Stephen Olson$172,747$164,078$156,880$138,841$123,622$123,266

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 Taylor 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

Provides a Christ-centered liberal arts education to develop servant leaders through holistic student development and biblically anchored learning.

Questions for Taylor University

Tap to ask. Taylor University sees how many people are interested.

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

1 program · $82.0M · in their own filed words · FY2020
01

In order to advance our mission, Taylor University is committed to the following purposes: -Whole Person Focused: We involve students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development.

$82.0Mprogram 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 10 funders →
Grants paid · 16 grants · $226.0M · 2019–2024
Unitemized GrantFY2024$48,328,366
International Health ServicesPA · FY2024$225,000
Youth for Christ USA INCCO · FY2024$102,155
Revive Our Hearts MinistriesMI · FY2024$83,250
Hope InternationalPA · FY2024$33,450
Orphans Tree INCCO · FY2024$30,000
Servant FoundationKS · FY2024$21,852
CruFL · FY2024$11,600
Individual RecipientFY2024$5,550
Colorado Community ChurchCO · FY2024$5,250
Unitemized GrantFY2023$41,974,263
Unitemized GrantFY2022$37,089,917
Unitemized GrantFY2021$33,141,853
Unitemized GrantFY2020$32,453,057
Unitemized GrantFY2019$32,484,013

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $10.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.7M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$317K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$237K
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$179K

Plus 1 smaller program.

The auditor reported no findings.

Year ending May 2024 · $10.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.6M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$597K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$317K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$237K

Plus 1 smaller program.

The auditor reported no findings.

Year ending May 2023 · $11.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.4M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$883K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$289K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$265K

Plus 3 smaller programs.

The auditor reported no findings.

Year ending May 2022 · $13.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.4M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$2.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.4M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.3M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$316K

Plus 3 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$104.0M
Ln 12
Fees for servicesLn 2g$84.1M
Gifts and grantsLn 1h$11.7M
Investment incomeLn 3$8.2M
Money outPt IX
$94.2M
Ln 25
Programscol B$82.0M
Managementcol C$9.0M
Fundraisingcol D$3.2M
Owns and owesPt X
$247.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.1M
Total assetsLn 16$280.3M
LiabilitiesLn 26$32.5M
PeoplePt VI, VII
30
listed · VII A
PaidVII A7
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.7M
Government grantsLn 1e$595K
Noncash giftsLn 1g$2.6M
Fees for servicesLn 2g$84.1M
Investment incomeLn 3$8.2M
Gains on assetsLn 7$5.3M
Total revenueLn 12$104.0M
Assets in detailPt X, end of year
SavingsLn 2$11.1M
Cash and savings togetherLn 1–2$11.1M
InvestmentsLn 11–13$154.7M
Land, buildings, equipmentLn 10c$100.3M
Other assetsLn 15$9.0M
Total assetsLn 16$280.3M
LiabilitiesLn 26$32.5M
Net assetsLn 32$247.8M
OperationsPt I, VI
EmployeesI 52,174
VolunteersI 6118
Fiscal year endsHeaderMay
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$19.5M
Bond issues listedSch K Pt I4
Raised by those issuesSch K Pt I$31.5M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.6M
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$119.6M$95.0M$93.0M$93.7M$87.0M
Given inLn 1b$3.1M$3.1M$2.7M$4.1M$5.0M
SpentLn 1d–1f$4.8M$4.6M$4.5M$4.3M$4.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.1M$11.1M
InvestmentsLn 11–13$131.9M$154.7M
Land, buildings, equipmentLn 10c$102.6M$100.3M
Total assetsLn 16$256.8M$280.3M
LiabilitiesLn 26$41.5M$32.5M
Net assetsLn 32$215.2M$247.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$32.5M$32.5M
Pay of current officers, directors and key staffLn 5$386K$308K$55K$23K
Other salaries and wagesLn 7$25.0M$19.9M$3.6M$1.5M
Pension plan contributionsLn 8$1.1M$866K$155K$65K
Other employee benefitsLn 9$7.7M$6.1M$1.1M$462K
Payroll taxesLn 10$1.7M$1.4M$243K$102K
Legal feesLn 11b$677K$677K
Accounting feesLn 11c$92K$92K
Investment management feesLn 11f$505K$505K
Other fees for servicesLn 11g$2.6M$2.1M$375K$158K
Advertising and promotionLn 12$243K$194K$35K$15K
Office expensesLn 13$375K$299K$53K$23K
Information technologyLn 14$838K$668K$119K$50K
OccupancyLn 16$1.9M$1.5M$267K$112K
TravelLn 17$475K$379K$68K$29K
Conferences, conventions and meetingsLn 19$338K$270K$48K$20K
InterestLn 20$775K$775K
Depreciation, depletion and amortizationLn 22$6.1M$4.9M$873K$368K
InsuranceLn 23$608K$485K$87K$36K
Other expenses (24a–d)Ln 24$6.5M$6.3M$91K$38K
All other expensesLn 24e$3.9M$3.1M$558K$235K
Total functional expensesLn 25$94.2M$82.0M$9.0M$3.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 15, 2026 $158.9M$137.1M$21.9M$435.7M 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $186.7M$122.0M$64.7M$406.7M 990 PDF
FY2023Filed with the IRS Apr 4, 2024 $130.4M$108.6M$21.8M$329.4M 990 PDF
FY2022Filed with the IRS Feb 19, 2023 $122.3M$101.9M$20.4M$252.9M 990 PDF
FY2021 ViewingFiled with the IRS Feb 17, 2022 $104.0M$94.2M$9.8M$247.8M 990 PDF
FY2020Filed with the IRS Feb 12, 2021 $99.1M$98.6M$474K$215.2M 990 PDF

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 FY2021 990 (6 parts)
Part I · Summary $104,046,582 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,074,234$11,730,450
I-9 Program service revenuePrior year $81,234,996$84,087,053
I-10 Investment incomePrior year $3,787,421$8,229,079
I-11 Other revenuePrior year −$2,700$0
I-12 Total revenuePrior year $99,093,951$104,046,582
I-13 Grants and similar amounts paidPrior year $32,484,013$32,453,057
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,151,007$35,836,885
I-16a Professional fundraising feesPrior year $22,725$0
I-17 Other expensesPrior year $27,962,280$25,940,622
I-18 Total expensesPrior year $98,620,025$94,230,564
I-19 Revenue less expensesPrior year $473,926$9,816,018
Part VI · Governance 21 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
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 $104,046,582 across 8 lines filed
Lines not itemized here account for $3,815,176 of total revenue; see the IRS return.
VIII-1e Government grants$595,258
VIII-1f All other contributions, gifts and grants$11,135,192
VIII-1g Noncash contributions (included above)$2,572,260
VIII-1h Total contributions, gifts and grants$11,730,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,271,877$80,271,877
VIII-3 Investment incomeExcluded from tax $2,921,475$2,921,475
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,307,604$5,307,604
VIII-12 Total revenueRelated to mission $84,087,053 · Unrelated business $0 · Excluded from tax $8,229,079$104,046,582
Part IX · Statement of functional expenses $94,230,564 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $32,453,057$32,453,057
IX-5 Pay of current officers, directors and key staffPrograms $307,994 · Management $54,985 · Fundraising $23,152$386,131
IX-7 Other salaries and wagesPrograms $19,903,732 · Management $3,553,372 · Fundraising $1,496,170$24,953,274
IX-8 Pension plan contributionsPrograms $865,649 · Management $154,542 · Fundraising $65,071$1,085,262
IX-9 Other employee benefitsPrograms $6,146,273 · Management $1,097,281 · Fundraising $462,017$7,705,571
IX-10 Payroll taxesPrograms $1,361,290 · Management $243,028 · Fundraising $102,329$1,706,647
IX-11b Legal feesManagement $676,601$676,601
IX-11c Accounting feesManagement $92,227$92,227
IX-11f Investment management feesManagement $504,752$504,752
IX-11g Other fees for servicesPrograms $2,103,168 · Management $375,474 · Fundraising $158,096$2,636,738
IX-12 Advertising and promotionPrograms $194,135 · Management $34,659 · Fundraising $14,593$243,387
IX-13 Office expensesPrograms $299,346 · Management $53,442 · Fundraising $22,502$375,290
IX-14 Information technologyPrograms $668,054 · Management $119,266 · Fundraising $50,218$837,538
IX-16 OccupancyPrograms $1,494,687 · Management $266,843 · Fundraising $112,356$1,873,886
IX-17 TravelPrograms $379,210 · Management $67,700 · Fundraising $28,505$475,415
IX-19 Conferences, conventions and meetingsPrograms $269,932 · Management $48,190 · Fundraising $20,291$338,413
IX-20 InterestPrograms $774,997$774,997
IX-22 Depreciation, depletion and amortizationPrograms $4,890,870 · Management $873,157 · Fundraising $367,648$6,131,675
IX-23 InsurancePrograms $484,920 · Management $86,572 · Fundraising $36,452$607,944
IX-24 Other expenses (24a–d)Programs $6,322,348 · Management $90,964 · Fundraising $38,301$6,451,613
IX-24e All other expensesPrograms $3,126,865 · Management $558,234 · Fundraising $235,047$3,920,146
IX-25 Total functional expensesPrograms $82,046,527 · Management $8,951,289 · Fundraising $3,232,748$94,230,564
Part X · Balance sheet $280,316,410 assets, 19 lines filed
Asset lines not itemized here account for $1,663,519; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $8,062,300$11,065,964
X-3 Pledges and grants receivableStart of year $1,908,779$1,550,358
X-4 Accounts receivableStart of year $598,196$1,231,760
X-8 Inventories for sale or useStart of year $182,613$219,693
X-9 Prepaid expenses and deferred chargesStart of year $1,019,643$592,846
X-10c Land, buildings and equipment, netStart of year $102,571,269$100,286,874
X-11 Publicly traded securitiesStart of year $124,425,614$145,608,366
X-12 Other securitiesStart of year $7,506,664$9,132,705
X-15 Other assetsStart of year $8,605,808$8,964,325
X-16 Total assetsStart of year $256,757,403$280,316,410
X-17 Accounts payable and accrued expensesStart of year $4,049,482$5,554,744
X-19 Deferred revenueStart of year $1,888,716$561,136
X-20 Tax-exempt bond liabilitiesStart of year $21,171,092$19,455,609
X-25 Other liabilitiesStart of year $14,400,110$6,960,690
X-26 Total liabilitiesStart of year $41,509,400$32,532,179
X-27 Net assets without donor restrictionsStart of year $106,308,732$115,429,682
X-28 Net assets with donor restrictionsStart of year $108,939,271$132,354,549
X-32 Total net assets or fund balancesStart of year $215,248,003$247,784,231
X-33 Total liabilities and net assetsStart of year $256,757,403$280,316,410
Part XI · Reconciliation of net assets $247,784,231 net assets at year end
XI-1 Total revenue$104,046,582
XI-2 Total expenses$94,230,564
XI-3 Revenue less expenses$9,816,018
XI-4 Net assets at start of year$215,248,003
XI-5 Net unrealized gains (losses) on investments$22,602,220
XI-9 Other changes in net assets$117,990
XI-10 Net assets at end of year$247,784,231

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

Similar organizations you could support · Compare with another nonprofit

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.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.