Midwestern University

Tax-deductible

Downers Grove, IL501(c)(3)Since 1900Colleges & UniversitiesEIN 36-3377698Revenue $555.7M in FY2025

On file with the IRS555 31st St, 60515-1235 · Downers Grove, ILTax-exempt since Sep 1996School — 170(b)(1)(A)(ii)

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Midwestern university's historical and sustaining philosophy dedicates the institution and its resources to the highest standards of academic excellence to meet the educational needs of the health care community.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 2,876 volunteers and 4,322 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $125.4M a year · 24% 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12.2M
to officers and key staff · 3% of spending
Top officer’s pay higher than 89% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$269.8M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$555.7M
+3% vs prior year
Spent
$440.8M
To programs
93%
Net assets
$2.0B
By yearFY2020–FY2025
Revenue
$555.7M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$479.8M
FY2021$501.5M
FY2022$519.5M
FY2023$518.1M
FY2024$537.5M
FY2025$555.7M
Expenses
$440.8M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$358.6M
FY2021$364.3M
FY2022$379.8M
FY2023$393.7M
FY2024$422.8M
FY2025$440.8M
Net assets
$2.0B
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2B
FY2021$1.4B
FY2022$1.5B
FY2023$1.7B
FY2024$1.8B
FY2025$2.0B

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1996.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $409.9M Management & general 7% · $29.6M Fundraising 0% · $1.3M

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

34 people listed on the 990; $12.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President, CEO, Trustee Retired May 19, 2025
$1,914,851Pt VII · Sec A
Vice President & General Counsel - Ending September 16, 2024
$1,153,908Pt VII · Sec A
SVP & Chief Academic Officer / Interim President, CEO, & Trustee (beg May 2025)
$897,889Pt VII · Sec A
Assistant Treasurer, CFO, Vice President
$736,850Pt VII · Sec A
SR. Vice President Administration and Communications
$702,446Pt VII · Sec A
Dean of Optometry - Ending October 28, 2024
$653,340Pt VII · Sec A
Director of Construction - Ending June 10, 2024
$635,209Pt VII · Sec A
Vice President, Chief Academic Officer
$616,006Pt VII · Sec A

Kathleen H Goeppinger PHD’s $1.9M as President, CEO, Trustee Retired May 19, 2025 is at the 89th 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
Kathleen H Goeppinger PHD$1,914,851$1,826,086$2,994,092$1,758,242$1,702,980$1,536,029
Barbara L McCloud ESQ$1,153,908$608,699$634,203$604,523$565,436$551,234
Gregory J Gaus———$1,093,811$1,019,478$978,541
Joshua C Baker Od Ms$897,889$904,333————
Theresa W Fossum PHD DVM————$902,362$618,721
Joshua C Baker——$781,795$658,317$575,616$440,047
Matthew J Sweeney CPA$736,850$708,646————
Angela Marty Ma Phr$702,446$661,285————

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

Educates healthcare professionals to the highest academic standards.

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Provided by the organization

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1 program · $409.9M · in their own filed words · FY2024
01

Description of program service accomplishments during the fiscal year ended june 30, 2025, midwestern university provided health sciences education services to approximately 6,308 pre-doctoral students. These student services are located on three campuses, two in illinois and one in arizona.

$409.9Mprogram 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
Total grants receivedfrom 1 funder$25K
Grants paid · 32 grants · $35.0M · 2019–2024
Unitemized GrantFY2024$7,936,783
Unitemized GrantFY2024$615,739
Unitemized GrantFY2024$143,077
Islamic Center of NapervilleIL · FY2024$10,000
Unitemized GrantFY2023$4,386,185
Unitemized GrantFY2023$259,543
Unitemized GrantFY2023$25,579
Unitemized GrantFY2022$2,637,423
Unitemized GrantFY2022$778,917
Unitemized GrantFY2022$31,002
Indian American Medical Association Charitable FoundationFY2022$20,000
See all 32 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$555.7M
Ln 12
Fees for servicesLn 2g$492.7M
Investment incomeLn 3$52.8M
Gifts and grantsLn 1h$8.5M
Money outPt IX
$440.8M
Ln 25
Programscol B$409.9M
Managementcol C$29.6M
Fundraisingcol D$1.3M
Owns and owesPt X
$2.0B
net assets · Ln 32
Cash and savingsLn 1–2$16.9M
Total assetsLn 16$2.2B
LiabilitiesLn 26$269.8M
PeoplePt VI, VII
34
listed · VII A
PaidVII A18
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.5M
Government grantsLn 1e$5.2M
Noncash giftsLn 1g$56K
Fundraising eventsLn 1c$178K
Fees for servicesLn 2g$492.7M
Investment incomeLn 3$52.8M
Other incomeLn 4–11$1.7M
Gains on assetsLn 7$4.6M
Total revenueLn 12$555.7M
Assets in detailPt X, end of year
CashLn 1$16.9M
Cash and savings togetherLn 1–2$16.9M
InvestmentsLn 11–13$1.29B
Land, buildings, equipmentLn 10c$847.9M
Other assetsLn 15$59.6M
Total assetsLn 16$2.2B
LiabilitiesLn 26$269.8M
Net assetsLn 32$2.0B
OperationsPt I, VI
EmployeesI 54,322
VolunteersI 62,876
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$28.3M$16.9M
InvestmentsLn 11–13$1.22B$1.29B
Land, buildings, equipmentLn 10c$788.4M$847.9M
Total assetsLn 16$2.09B$2.24B
LiabilitiesLn 26$279.1M$269.8M
Net assetsLn 32$1.81B$1.97B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$85K$85K
Grants to domestic individualsLn 2$8.7M$8.7M
Pay of current officers, directors and key staffLn 5$10.3M$4.3M$6.0M
Other salaries and wagesLn 7$208.2M$200.6M$7.2M$436K
Pension plan contributionsLn 8$17.9M$16.9M$947K$31K
Other employee benefitsLn 9$30.9M$29.4M$1.4M$48K
Payroll taxesLn 10$14.1M$13.3M$840K$28K
Legal feesLn 11b$1.6M$920K$637K
Accounting feesLn 11c$681K$68K$613K
Lobbying feesLn 11d$123K$123K
Investment management feesLn 11f$2.6M$258K$2.3M
Other fees for servicesLn 11g$17.5M$15.1M$2.1M$324K
Advertising and promotionLn 12$1.6M$1.1M$320K$169K
Office expensesLn 13$23.9M$22.3M$1.6M$43K
Information technologyLn 14$5.4M$5.3M$117K$113
OccupancyLn 16$8.7M$8.2M$432K
TravelLn 17$1.6M$1.4M$200K$4K
Conferences, conventions and meetingsLn 19$1.8M$1.7M$30K$1K
InterestLn 20$2.1M$2.0M$44K
Depreciation, depletion and amortizationLn 22$44.3M$43.4M$946K
InsuranceLn 23$3.9M$2.2M$1.7M$5K
Other expenses (24a–d)Ln 24$20.4M$20.4M$7K$13
All other expensesLn 24e$14.5M$12.4M$1.9M$185K
Total functional expensesLn 25$440.8M$409.9M$29.6M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $555.7M$440.8M$114.9M$2.0B 990 PDF
FY2024 $537.5M$422.8M$114.7M$1.8B 990 PDF
FY2023 $518.1M$393.7M$124.4M$1.7B 990 PDF
FY2022 $519.5M$379.8M$139.8M$1.5B 990 PDF
FY2021 $501.5M$364.3M$137.2M$1.4B 990 PDF
FY2020 $479.8M$358.6M$121.2M$1.2B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $555,672,877 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,422,721$8,523,705
I-9 Program service revenuePrior year $488,935,905$492,699,161
I-10 Investment incomePrior year $39,562,726$52,798,910
I-11 Other revenuePrior year $1,579,176$1,651,101
I-12 Total revenuePrior year $537,500,528$555,672,877
I-13 Grants and similar amounts paidPrior year $4,744,257$8,780,444
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $268,576,212$281,446,237
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $149,439,309$150,561,175
I-18 Total expensesPrior year $422,759,778$440,787,856
I-19 Revenue less expensesPrior year $114,740,750$114,885,021
Part VI · Governance 13 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
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 $555,672,877 across 11 lines filed
Lines not itemized here account for $1,024,747 of total revenue; see the IRS return.
VIII-1c Fundraising events$177,830
VIII-1e Government grants$5,194,100
VIII-1f All other contributions, gifts and grants$3,151,775
VIII-1g Noncash contributions (included above)$56,430
VIII-1h Total contributions, gifts and grants$8,523,705
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $492,699,161$492,699,161
VIII-3 Investment incomeUnrelated business $78,999 · Excluded from tax $47,678,682$47,757,681
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,631,316$4,631,316
VIII-8 Net income from fundraising eventsExcluded from tax −$58,594−$58,594
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $931,661 · Excluded from tax $163,200$1,094,861
VIII-12 Total revenueRelated to mission $493,790,132 · Unrelated business $78,999 · Excluded from tax $53,280,041$555,672,877
Part IX · Statement of functional expenses $440,787,856 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $84,845$84,845
IX-2 Grants to domestic individualsPrograms $8,695,599$8,695,599
IX-5 Pay of current officers, directors and key staffPrograms $4,268,364 · Management $6,031,683$10,300,047
IX-7 Other salaries and wagesPrograms $200,598,681 · Management $7,204,484 · Fundraising $435,614$208,238,779
IX-8 Pension plan contributionsPrograms $16,879,353 · Management $947,391 · Fundraising $31,176$17,857,920
IX-9 Other employee benefitsPrograms $29,435,983 · Management $1,446,023 · Fundraising $47,594$30,929,600
IX-10 Payroll taxesPrograms $13,252,122 · Management $840,120 · Fundraising $27,649$14,119,891
IX-11b Legal feesPrograms $919,651 · Management $636,748$1,556,399
IX-11c Accounting feesPrograms $68,134 · Management $613,206$681,340
IX-11d Lobbying feesManagement $122,813$122,813
IX-11f Investment management feesPrograms $257,516 · Management $2,317,639$2,575,155
IX-11g Other fees for servicesPrograms $15,106,803 · Management $2,114,212 · Fundraising $324,348$17,545,363
IX-12 Advertising and promotionPrograms $1,080,976 · Management $319,799 · Fundraising $168,951$1,569,726
IX-13 Office expensesPrograms $22,261,660 · Management $1,622,859 · Fundraising $43,460$23,927,979
IX-14 Information technologyPrograms $5,258,907 · Management $117,150 · Fundraising $113$5,376,170
IX-16 OccupancyPrograms $8,243,921 · Management $431,633$8,675,554
IX-17 TravelPrograms $1,378,928 · Management $199,825 · Fundraising $4,178$1,582,931
IX-19 Conferences, conventions and meetingsPrograms $1,738,742 · Management $30,293 · Fundraising $1,101$1,770,136
IX-20 InterestPrograms $2,026,813 · Management $44,013$2,070,826
IX-22 Depreciation, depletion and amortizationPrograms $43,379,986 · Management $945,713$44,325,699
IX-23 InsurancePrograms $2,173,693 · Management $1,682,061 · Fundraising $5,100$3,860,854
IX-24 Other expenses (24a–d)Programs $20,406,082 · Management $6,960 · Fundraising $13$20,413,055
IX-24e All other expensesPrograms $12,410,864 · Management $1,911,260 · Fundraising $185,051$14,507,175
IX-25 Total functional expensesPrograms $409,927,623 · Management $29,585,885 · Fundraising $1,274,348$440,787,856
Part X · Balance sheet $2,235,414,008 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $28,277,783$16,895,671
X-3 Pledges and grants receivableStart of year $2,572,858$2,069,489
X-4 Accounts receivableStart of year $7,664,226$7,739,541
X-8 Inventories for sale or useStart of year $1,755,622$1,761,862
X-9 Prepaid expenses and deferred chargesStart of year $7,418,755$10,991,470
X-10c Land, buildings and equipment, netStart of year $788,449,037$847,890,640
X-11 Publicly traded securitiesStart of year $1,089,253,203$1,130,075,931
X-12 Other securitiesStart of year $103,859,013$134,074,955
X-13 Program-related investmentsStart of year $25,501,555$24,328,775
X-15 Other assetsStart of year $36,109,075$59,585,674
X-16 Total assetsStart of year $2,090,861,127$2,235,414,008
X-17 Accounts payable and accrued expensesStart of year $61,911,542$71,504,602
X-18 Grants payableStart of year $1,174,632$1,385,523
X-19 Deferred revenueStart of year $51,003,513$51,073,767
X-20 Tax-exempt bond liabilitiesStart of year $119,176,621$108,833,607
X-25 Other liabilitiesStart of year $45,874,665$36,966,769
X-26 Total liabilitiesStart of year $279,140,973$269,764,268
X-27 Net assets without donor restrictionsStart of year $1,778,154,061$1,930,448,331
X-28 Net assets with donor restrictionsStart of year $33,566,093$35,201,409
X-32 Total net assets or fund balancesStart of year $1,811,720,154$1,965,649,740
X-33 Total liabilities and net assetsStart of year $2,090,861,127$2,235,414,008
Part XI · Reconciliation of net assets $1,965,649,740 net assets at year end
XI-1 Total revenue$555,672,877
XI-2 Total expenses$440,787,856
XI-3 Revenue less expenses$114,885,021
XI-4 Net assets at start of year$1,811,720,154
XI-5 Net unrealized gains (losses) on investments$35,950,053
XI-9 Other changes in net assets$3,094,512
XI-10 Net assets at end of year$1,965,649,740

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

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