McKendree University

Tax-deductible

Lebanon, IL501(c)(3)Since 1828Colleges & UniversitiesEIN 37-0661219Revenue $73.7M in FY2024

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The mission of McKendree University is to provide a high quality educational experience to outstanding students. We guide our students in the pursuit of academic excellence, which will prepare them for leadership roles in our society. (Continued on Schedule O)

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 55 volunteers and 950 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2.0M a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% 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
Top officer’s pay higher than 72% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40.9M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 35 voting members
Looks good: 34 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73.7M
-6% vs prior year
Spent
$75.1M
To programs
92%
Net assets
$67.8M
By yearFY2020–FY2024
Revenue
$73.7M
FY2024▼ -6%
Revenue by fiscal year
FY2020$61.1M
FY2021$67.9M
FY2022$59.5M
FY2023$63.6M
FY2024$78.7M
FY2024$73.7M
Expenses
$75.1M
FY2024▲ +6%
Expenses by fiscal year
FY2020$64.8M
FY2021$59.5M
FY2022$60.4M
FY2023$65.8M
FY2024$70.5M
FY2024$75.1M
Net assets
$67.8M
FY2024▲ +2%
Net assets by fiscal year
FY2020$55.4M
FY2021$70.3M
FY2022$62.6M
FY2023$63.5M
FY2024$66.2M
FY2024$67.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1943.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $68.8M Management & general 7% · $5.2M Fundraising 1% · $1.0M

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

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

Part VII, Section A · reportable compensation
$346,017Pt VII · Sec A
VP for Operations
$168,256Pt VII · Sec A
VP for Institutional Advancement
$144,835Pt VII · Sec A
$142,381Pt VII · Sec A
CIO & Director of IT
$113,676Pt VII · Sec A
VP for Student Affairs
$113,364Pt VII · Sec A
VP for Administration & Finance
$80,732Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Daniel C Dobbins’s $346K as President is at the 72nd 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr James M Dennis—————$407,768
Daniel C Dobbins$346,017$344,241$324,251———
Mr Daniel C Dobbins———$307,725$324,251—
Mr James Dennis————$283,660—
Mr Charles Brueggemann—————$181,878
Ms Victoria Dowling—————$171,700
Daryl Hancock$168,256$165,207$161,239———
Christine Bahr————$162,281—

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 McKendree University executive salaries →

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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 outstanding students with a high-quality experience.

Provided by the organization

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3 programs · $68.8M · in their own filed words · FY2024
01

Instruction and Academic Support

We offer undergraduate, graduate and professional programs to develop our students' knowledge, analytical abilities, research capabilities, creativity, and sense of identity. We offer an intellectual and technological environment supportive of innovative and effective teaching , research, assessment and communication, excellent writing…

$46.5Mprogram expense
02

Student Services

To create a culture of campus life that includes experiences beyond the classroom that allow for development of the whole person.

$15.5Mprogram expense
03

Auxiliary Services

To provide room and board for students at the Lebanon, IL campus.

$6.9Mprogram 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$8K
Grants paid · 6 grants · $157.6M · 2019–2024
Unitemized GrantFY2024$31,346,056
Unitemized GrantFY2023$28,578,480
Unitemized GrantFY2022$25,722,860
Unitemized GrantFY2021$23,272,368
Unitemized GrantFY2020$24,385,760
Unitemized GrantFY2019$24,256,760

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$73.7M
Ln 12
Fees for servicesLn 2g$66.1M
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$2.1M
Money outPt IX
$75.1M
Ln 25
Programscol B$68.8M
Managementcol C$5.2M
Fundraisingcol D$1.0M
Owns and owesPt X
$67.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$108.7M
LiabilitiesLn 26$40.9M
PeoplePt VI, VII
42
listed · VII A
PaidVII A7
Voting boardVI 1a35
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$2.2M
Noncash giftsLn 1g$29K
Fees for servicesLn 2g$66.1M
Investment incomeLn 3$2.1M
Other incomeLn 4–11$832K
Gains on assetsLn 7$963K
Total revenueLn 12$73.7M
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$46.3M
Land, buildings, equipmentLn 10c$39.0M
Other assetsLn 15$13.0M
Total assetsLn 16$108.7M
LiabilitiesLn 26$40.9M
Net assetsLn 32$67.8M
OperationsPt I, VI
EmployeesI 5950
VolunteersI 655
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$319K$4.2M
InvestmentsLn 11–13$45.6M$46.3M
Land, buildings, equipmentLn 10c$36.8M$39.0M
Total assetsLn 16$107.3M$108.7M
LiabilitiesLn 26$41.1M$40.9M
Net assetsLn 32$66.2M$67.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$31.3M$31.3M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$590K$550K$40K
Other salaries and wagesLn 7$16.9M$15.4M$949K$515K
Pension plan contributionsLn 8$610K$532K$52K$26K
Other employee benefitsLn 9$2.3M$2.2M$46K$32K
Payroll taxesLn 10$1.2M$1.1M$93K$37K
Legal feesLn 11b$83K$83K
Accounting feesLn 11c$126K$126K
Investment management feesLn 11f$173K$173K
Other fees for servicesLn 11g$3.6M$3.2M$270K$155K
Advertising and promotionLn 12$311K$310K$1K$253
Office expensesLn 13$2.2M$1.7M$358K$104K
Information technologyLn 14$1.3M$603K$628K$39K
RoyaltiesLn 15$76K$76K
OccupancyLn 16$2.9M$2.9M$271
TravelLn 17$2.5M$2.4M$39K$41K
Conferences, conventions and meetingsLn 19$145K$138K$5K$2K
InterestLn 20$1.4M$500K$900K
Depreciation, depletion and amortizationLn 22$3.0M$3.0M$32K
InsuranceLn 23$1.1M$309K$815K$3K
Other expenses (24a–d)Ln 24$3.3M$3.2M$86K$19K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$75.1M$68.8M$5.2M$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $78.7M$70.5M$8.2M$66.2M 990 PDF
FY2023 $63.6M$65.8M−$2.2M$63.5M 990 PDF
FY2022 $59.5M$60.4M−$862K$62.6M 990 PDF
FY2021 $67.9M$59.5M$8.5M$70.3M 990 PDF
FY2020 $61.1M$64.8M−$3.8M$55.4M 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 FY2024 990 (6 parts)
Part I · Summary $73,713,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,818,548$4,664,975
I-9 Program service revenuePrior year $59,204,071$66,074,030
I-10 Investment incomePrior year $11,753,213$2,142,332
I-11 Other revenuePrior year $924,431$832,252
I-12 Total revenuePrior year $78,700,263$73,713,589
I-13 Grants and similar amounts paidPrior year $28,578,480$31,346,056
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,422,001$21,558,309
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,520,681$22,163,927
I-18 Total expensesPrior year $70,521,162$75,068,292
I-19 Revenue less expensesPrior year $8,179,101−$1,354,703
Part VI · Governance 34 of 35 board members independent, 1 to look at
VI-1a Voting members of the governing body35
VI-1b Independent voting members34
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 $73,713,589 across 11 lines filed
Lines not itemized here account for $163,959 of total revenue; see the IRS return.
VIII-1e Government grants$2,151,407
VIII-1f All other contributions, gifts and grants$2,513,568
VIII-1g Noncash contributions (included above)$28,862
VIII-1h Total contributions, gifts and grants$4,664,975
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,074,030$66,074,030
VIII-3 Investment incomeExcluded from tax $1,179,141$1,179,141
VIII-5 RoyaltiesExcluded from tax $4,971$4,971
VIII-6 Net rental income or lossExcluded from tax $93,886$93,886
VIII-7 Net gain or loss on sales of assetsExcluded from tax $963,191$963,191
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $569,436$569,436
VIII-12 Total revenueRelated to mission $66,807,425 · Unrelated business $0 · Excluded from tax $2,241,189$73,713,589
Part IX · Statement of functional expenses $75,068,292 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $31,346,056$31,346,056
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffManagement $549,859 · Fundraising $40,415$590,274
IX-7 Other salaries and wagesPrograms $15,413,369 · Management $949,029 · Fundraising $514,653$16,877,051
IX-8 Pension plan contributionsPrograms $531,701 · Management $52,300 · Fundraising $26,279$610,280
IX-9 Other employee benefitsPrograms $2,218,350 · Management $45,500 · Fundraising $31,626$2,295,476
IX-10 Payroll taxesPrograms $1,054,503 · Management $93,329 · Fundraising $37,396$1,185,228
IX-11b Legal feesManagement $83,162$83,162
IX-11c Accounting feesManagement $125,687$125,687
IX-11f Investment management feesManagement $172,776$172,776
IX-11g Other fees for servicesPrograms $3,156,536 · Management $269,846 · Fundraising $155,312$3,581,694
IX-12 Advertising and promotionPrograms $309,685 · Management $1,100 · Fundraising $253$311,038
IX-13 Office expensesPrograms $1,748,709 · Management $358,380 · Fundraising $104,263$2,211,352
IX-14 Information technologyPrograms $603,454 · Management $628,298 · Fundraising $39,042$1,270,794
IX-15 RoyaltiesPrograms $75,884$75,884
IX-16 OccupancyPrograms $2,877,533 · Management $271$2,877,804
IX-17 TravelPrograms $2,443,149 · Management $39,072 · Fundraising $40,911$2,523,132
IX-19 Conferences, conventions and meetingsPrograms $137,695 · Management $5,058 · Fundraising $1,975$144,728
IX-20 InterestPrograms $500,304 · Management $899,596$1,399,900
IX-22 Depreciation, depletion and amortizationPrograms $2,958,197 · Management $32,055$2,990,252
IX-23 InsurancePrograms $309,287 · Management $815,218 · Fundraising $3,000$1,127,505
IX-24 Other expenses (24a–d)Programs $3,163,419 · Management $85,502 · Fundraising $19,298$3,268,219
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $68,847,831 · Management $5,206,038 · Fundraising $1,014,423$75,068,292
Part X · Balance sheet $108,693,642 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $318,626$92,082
X-2 Savings and temporary cash investments$4,058,372
X-3 Pledges and grants receivableStart of year $3,599,334$3,503,777
X-4 Accounts receivableStart of year $6,209,449$1,921,525
X-9 Prepaid expenses and deferred chargesStart of year $423,735$857,734
X-10c Land, buildings and equipment, netStart of year $36,801,622$39,017,556
X-11 Publicly traded securitiesStart of year $45,609,865$44,964,556
X-12 Other securitiesStart of year $0$1,316,546
X-15 Other assetsStart of year $14,245,207$12,961,494
X-16 Total assetsStart of year $107,254,599$108,693,642
X-17 Accounts payable and accrued expensesStart of year $6,053,290$3,702,053
X-19 Deferred revenueStart of year $1,230,999$1,485,730
X-20 Tax-exempt bond liabilitiesStart of year $8,413,447$7,458,669
X-25 Other liabilitiesStart of year $3,379,966$2,942,681
X-26 Total liabilitiesStart of year $41,068,869$40,884,004
X-27 Net assets without donor restrictionsStart of year $13,930,152$14,016,476
X-28 Net assets with donor restrictionsStart of year $52,255,578$53,793,162
X-32 Total net assets or fund balancesStart of year $66,185,730$67,809,638
X-33 Total liabilities and net assetsStart of year $107,254,599$108,693,642
Part XI · Reconciliation of net assets $67,809,638 net assets at year end
XI-1 Total revenue$73,713,589
XI-2 Total expenses$75,068,292
XI-3 Revenue less expenses−$1,354,703
XI-4 Net assets at start of year$66,185,730
XI-5 Net unrealized gains (losses) on investments$2,978,611
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,809,638

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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