Lewis University EIN 36-2167773 Form 990 (PDF) Claim this org

Lewis University

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Offers diverse students post-secondary education and training, guided by Catholic and Lasallian heritage. For fiscal year 2024 it reported $237.2M in revenue, $227.6M in expenses, and $239.2M in net assets.Pt I

Founded
1934
Type
Higher education institution · Colleges & Universities
Location
Romeoville, IL
Website
www.lewisu.edu
Filings
5 on file (2020–2024)
Revenue
$237.2MFY2024
Expenses
$227.6M
Net assets
$239.2M
People
36
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-2167773 Higher education institution Romeoville, IL Founded 1934
Form 990 (PDF)
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Figures match the IRS filing checked 7/5/26 · see original: IRS
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Size
$100M+
What they do
Offers diverse students post-secondary education and training, guided by Catholic and Lasallian heritage.
Leadership
Dr David Livingston · President · $546K
Money in and out
$237.2M revenue, $227.6M expenses
Bottom line
+4% operating surplus
Financial scale & money flow · FY2024
Total revenue
$237.2M
Pt VIII · Ln 12
Total expenses
$227.6M
Pt IX · Ln 25
Net assets
$239.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9.6M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.14 Fundraising $0.01
Operating surplus
+4%
revenue over expenses, this legal entity▲ ×13 vs prior filing year
Payroll share
44%
of this entity's spending is salaries & benefits▲ +4% vs prior filing year
Program spending
84%
of expenses reach program services+0.2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$237.2M
FY2024▲ +15%
Expenses
$227.6M
FY2024▲ +10%
Total assets
$335.4M
FY2024▲ +3%
Total liabilities
$96.2M
FY2024▼ -7%
Total revenue
$237.2M
Pt VIII · Ln 12
Total expenses
$227.6M
Pt IX · Ln 25
Net assets
$239.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9.6M
Total assetsPt X · Ln 16$335.4M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

1 program service account for $192.1M of program spending, described in the organization's own filed words · FY2024.
01

The university provides post secondary education and training to students. Program service costs include instructors, salaries, residence hall and related operational expenditures. Approximately 7,800 students attended during this period.

$192.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLewis University
EINHdr · item D36-2167773
Principal addressHdr · item CRomeoville, IL
WebsiteHdr · item Jwww.lewisu.edu
Year of formationHdr · item L1934
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B40)
Ruling yearIRS BMFSep 1975

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$546,091Pt VII · Sec A
$301,047Pt VII · Sec A
Chief Strategy Officer
$275,764Pt VII · Sec A
VP for University Advancement
$240,245Pt VII · Sec A
Former CFO, St. Augustine College - Left 10/24
$234,523Pt VII · Sec A
Former Vice President/CFO/COO - Left 11/24
$230,840Pt VII · Sec A
Dean, College of Business
$204,359Pt VII · Sec A
Professor, Business Analytics
$204,261Pt VII · Sec A

Dr David Livingston’s $546K as President is at the 45th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr David Livingston$546,091$544,501$537,816$504,631$426,279$452,001
Dr Christopher Sindt$301,047$286,416$292,325$277,717$260,431$273,635
Stephany Schlachterleft 619$280,536
Raymond Kennelly$275,764$261,510$266,541$253,310$234,700$246,100
Bonnie Bondavallileft 620$253,001
Teresa Krejci$230,840$245,188$236,959$225,276$188,305$135,837
Carolyn Head Left 120$241,351
Colleen Ahearn$240,245$232,841$213,604

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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Statement of Revenue

Part VIII
Program service revenue$209.1M · 88%
Contributions & grants$24.2M · 10%
Investment income$4.0M · 2%
Program service revenue88%$209.1M
Contributions & grants10%$24.2M
Investment income2%$4.0M
— government grantsLn 1e$19.9M
Total revenueLn 12$237.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.14 Fundraising $0.01
Program services84%$192.1M
Management & general14%$32.9M
Fundraising1%$2.6M
Total functional expensesLn 25$227.6M

Balance Sheet

Part X · end of year
CashLn 1$9.2M
Total assetsLn 16$335.4M
Total liabilitiesLn 26$96.2M
Total net assetsLn 32$239.2M
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $139.2M · Operating expenses (Pt IX) $227.6M · Less non-cash grants $240K · Cash operating expenses/yr $227.3M
7.3 months
Where the money goes
Program services
Program services $192.1M · Total expenses $227.6M
84%
Management & General
Management & general $32.9M · Total expenses $227.6M
14%
Fundraising
Fundraising $2.6M · Total expenses $227.6M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2.5M · Solicited contributions (3-yr avg) $5.4M
$0.46 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $24.2M · Total revenue $237.2M
10%
Government reliance
Government grants $19.9M · Total revenue $237.2M
8%
Earned-income share
Program service revenue $209.1M · Total revenue $237.2M
88%
Investment reliance
Investment income $4.0M · Total revenue $237.2M
+2%
Program self-sufficiency
Program service revenue $209.1M · Total expenses $227.6M
92%
Growth & trend
Revenue growth (YoY)
This year $237.2M · Prior year $206.7M
+15%
Revenue CAGR
FY2019 $165.7M · FY2024 $237.2M
+7%
Net-asset trend (YoY)
End of year $239.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $237.2M · Expenses $227.6M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $335.4M
Net-asset ratio
Net assets $239.2M · Total assets $335.4M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $130.1M · Total assets (Pt X, ln 16) $335.4M
39%
People & payroll
Highest Reported Total Compensation
Individual Dr David Livingston · Reported title PRESIDENT · Highest reported compensation $546K · Total expenses $227.6M
0.2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $99.1M · Total expenses $227.6M
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 14%
Fundraising cost ratio 11%
Revenue growth 15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$8K
Grants paid · 12 grants · $364.8M · 2019–2024
Unitemized GrantFY2024$63,454,278
Unitemized GrantFY2024$5,376,464
Unitemized GrantFY2023$58,834,921
Unitemized GrantFY2023$4,744,505
Unitemized GrantFY2022$54,991,527
Unitemized GrantFY2022$4,690,304
Unitemized GrantFY2021$53,155,313
Unitemized GrantFY2021$5,458,361
Unitemized GrantFY2020$55,197,878
Unitemized GrantFY2020$6,008,083
Unitemized GrantFY2019$48,212,721
Unitemized GrantFY2019$4,699,517

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$206.7M revenue · ⤓ 990 PDF
FY2023$189.0M revenue · ⤓ 990 PDF
FY2022$192.4M revenue · ⤓ 990 PDF
FY2021$179.1M revenue · ⤓ 990 PDF
FY2020$165.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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