McKendree University FY2020 filing

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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.
85¢ of each $1 spent went to programs.
$1.2M 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $1.4M a year · 2% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
0.8 mo
of spending, in cash
Plus $40.1M in investments, Pt X · Ln 11–13
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$52.0M
48% of total assets
Liabilities are 48% of assets.
Pt X · Ln 26
Independent board members
26
of 26 voting members
26 of 26 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$61.1M
Spent
$64.8M
To programs
85%
Net assets
$55.4M
By yearFY2020–FY2025
Revenue
$61.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$61.1M
FY2021$67.9M
FY2022$59.5M
FY2023$63.6M
FY2024$78.7M
FY2025$73.7M
Expenses
$64.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$64.8M
FY2021$59.5M
FY2022$60.4M
FY2023$65.8M
FY2024$70.5M
FY2025$75.1M
Net assets
$55.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$55.4M
FY2021$70.3M
FY2022$62.6M
FY2023$63.5M
FY2024$66.2M
FY2025$67.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 May 1943.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $55.0M Management & general 14% · $9.0M Fundraising 1% · $870K

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

33 people listed on the 990; $1.2M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Past President
$407,768Pt VII · Sec A
Athletic Director
$181,878Pt VII · Sec A
Senior Vice President
$171,700Pt VII · Sec A
$156,800Pt VII · Sec A
VP of Operations
$155,962Pt VII · Sec A
Vice President for Admin & Finance
$144,024Pt VII · Sec A
$0Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 →

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

Educates outstanding students with a high-quality experience.

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3 programs · $55.0M · in their own filed words · FY2019
01

Instruction and Academic Support

We offer undergraduate, graduate and professional programs to develop our student's 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…

$38.9Mprogram expense
02

Student Services

To help our students develop an appreciation and understanding of diversity by providing knowledge of and opportunity for experience with multiple ethnicity, cultures, and societies and to create a culture of campus life that includes experiences beyond the classroom that allow for development of the whole person.

$10.7Mprogram expense
03

Auxiliary Services

To provide room and board for students at the lebanon, il campus.

$5.3Mprogram 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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $16.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.3M
Fund for the Improvement of Postsecondary EducationDepartment of Education · ALN 84.116 · Direct$512K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$152K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$101K

Plus 1 smaller program.

The auditor reported 3 findings: a weakness in money controls, questioned costs.

Year ending Jun 2024 · $13.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$10.3M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.1M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$143K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$94K
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$71K

Plus 1 smaller program.

The auditor reported 15 findings: a weakness in money controls.

Year ending Jun 2023 · $12.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.8M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.3M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$100K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$90K
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$75K

Plus 1 smaller program.

The auditor reported 60 findings: a material weakness in money controls, questioned costs.

Year ending Jun 2022 · $17.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Through Gsa_migration$10.3M
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Gsa_migration$4.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Through Gsa_migration$2.2M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Through Gsa_migration$139K
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Through Gsa_migration$84K

Plus 2 smaller programs.

The auditor reported 6 findings: a weakness in money controls.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$61.1M
Ln 12
Fees for servicesLn 2g$57.0M
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$800K
Money outPt IX
$64.8M
Ln 25
Programscol B$55.0M
Managementcol C$9.0M
Fundraisingcol D$870K
Owns and owesPt X
$55.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$107.4M
LiabilitiesLn 26$52.0M
PeoplePt VI, VII
33
listed · VII A
PaidVII A6
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$290K
Noncash giftsLn 1g$105K
Fees for servicesLn 2g$57.0M
Investment incomeLn 3$800K
Other incomeLn 4–11$701K
Gains on assetsLn 7−$21K
Total revenueLn 12$61.1M
Assets in detailPt X, end of year
CashLn 1$4.5M
SavingsLn 2$8K
Cash and savings togetherLn 1–2$4.5M
Pledges and grants receivableLn 3$6.7M
Accounts receivableLn 4$1.5M
Notes and loans receivableLn 7$257K
Prepaid expenses and deferred chargesLn 9$274K
Land, buildings, equipmentLn 10c$54.0M
InvestmentsLn 11–13$40.1M
Total assetsLn 16$107.4M
LiabilitiesLn 26$52.0M
Net assetsLn 32$55.4M
OperationsPt I, VI
EmployeesI 5950
VolunteersI 655
Fiscal year endsHeaderJune
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$12.0M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$21.6M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$105K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$113K
Share of the $32.5M endowmentSch D 1g0.35%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$32.5M$34.7M$33.5M$41.7M$35.6M
AddedLn 1b$198K$847K$384K$3.3M$901K
SpentLn 1d–1f$3.3M$1.5M$1.5M$383K$2.7M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$737K$4.5M
InvestmentsLn 11–13$39.1M$40.1M
Land, buildings, equipmentLn 10c$57.4M$54.0M
Total assetsLn 16$108.3M$107.4M
LiabilitiesLn 26$49.6M$52.0M
Net assetsLn 32$58.7M$55.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24.3M$24.3M
Other salaries and wagesLn 7$16.7M$12.7M$3.7M$322K
Pension plan contributionsLn 8$910K$748K$149K$13K
Other employee benefitsLn 9$1.3M$1.1M$219K$19K
Payroll taxesLn 10$1.1M$936K$186K$16K
Legal feesLn 11b$83K$9K$74K
Accounting feesLn 11c$89K$89K
Investment management feesLn 11f$113K$113K
Other fees for servicesLn 11g$2.9M$2.1M$745K$66K
Advertising and promotionLn 12$318K$89K$210K$18K
Office expensesLn 13$1.6M$1.0M$495K$44K
Information technologyLn 14$1.2M$321K$830K$73K
OccupancyLn 16$3.2M$2.7M$526K$17K
TravelLn 17$1.4M$1.3M$99K$9K
Conferences, conventions and meetingsLn 19$70K$65K$5K$425
InterestLn 20$1.3M$618K$677K
Depreciation, depletion and amortizationLn 22$3.5M$3.2M$327K
Other expenses (24a–d)Ln 24$4.6M$3.7M$600K$272K
Total functional expensesLn 25$64.8M$55.0M$9.0M$870K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $73.7M$75.1M−$1.4M$67.8M 990 PDF
FY2024Filed with the IRS May 12, 2025 $78.7M$70.5M$8.2M$66.2M 990 PDF
FY2023Filed with the IRS May 9, 2024 $63.6M$65.8M−$2.2M$63.5M 990 PDF
FY2022Filed with the IRS May 15, 2023 $59.5M$60.4M−$862K$62.6M 990 PDF
FY2021Filed with the IRS May 13, 2022 $67.9M$59.5M$8.5M$70.3M 990 PDF
FY2020 ViewingFiled with the IRS May 14, 2021 $61.1M$64.8M−$3.8M$55.4M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $61,066,923 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,540,823$2,553,598
I-9 Program service revenuePrior year $60,648,889$57,012,322
I-10 Investment incomePrior year $2,174,070$800,216
I-11 Other revenuePrior year $655,297$700,787
I-12 Total revenuePrior year $72,019,079$61,066,923
I-13 Grants and similar amounts paidPrior year $24,852,958$24,256,760
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,833,948$20,068,235
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $21,149,739$20,508,245
I-18 Total expensesPrior year $67,836,645$64,833,240
I-19 Revenue less expensesPrior year $4,182,434−$3,766,317
Part VI · Governance 26 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
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 $61,066,923 across 11 lines filed
Lines not itemized here account for $181,381 of total revenue; see the IRS return.
VIII-1e Government grants$289,957
VIII-1f All other contributions, gifts and grants$2,263,641
VIII-1g Noncash contributions (included above)$105,197
VIII-1h Total contributions, gifts and grants$2,553,598
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,012,322$57,012,322
VIII-3 Investment incomeExcluded from tax $820,855$820,855
VIII-5 RoyaltiesExcluded from tax $22,593$22,593
VIII-6 Net rental income or lossRelated to mission $9,350$9,350
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$20,639−$20,639
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $487,463$487,463
VIII-12 Total revenueRelated to mission $57,690,516 · Unrelated business $0 · Excluded from tax $822,809$61,066,923
Part IX · Statement of functional expenses $64,833,240 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $24,256,760$24,256,760
IX-7 Other salaries and wagesPrograms $12,698,749 · Management $3,658,466 · Fundraising $321,992$16,679,207
IX-8 Pension plan contributionsPrograms $747,542 · Management $148,905 · Fundraising $13,105$909,552
IX-9 Other employee benefitsPrograms $1,101,680 · Management $219,446 · Fundraising $19,314$1,340,440
IX-10 Payroll taxesPrograms $936,150 · Management $186,474 · Fundraising $16,412$1,139,036
IX-11b Legal feesPrograms $8,871 · Management $74,500$83,371
IX-11c Accounting feesManagement $89,343$89,343
IX-11f Investment management feesManagement $113,153$113,153
IX-11g Other fees for servicesPrograms $2,127,403 · Management $745,035 · Fundraising $65,573$2,938,011
IX-12 Advertising and promotionPrograms $88,980 · Management $210,135 · Fundraising $18,495$317,610
IX-13 Office expensesPrograms $1,028,778 · Management $495,091 · Fundraising $43,574$1,567,443
IX-14 Information technologyPrograms $321,215 · Management $830,204 · Fundraising $73,069$1,224,488
IX-16 OccupancyPrograms $2,704,331 · Management $525,926 · Fundraising $16,789$3,247,046
IX-17 TravelPrograms $1,334,117 · Management $98,900 · Fundraising $8,704$1,441,721
IX-19 Conferences, conventions and meetingsPrograms $65,142 · Management $4,829 · Fundraising $425$70,396
IX-20 InterestPrograms $617,739 · Management $676,894$1,294,633
IX-22 Depreciation, depletion and amortizationPrograms $3,222,512 · Management $326,630$3,549,142
IX-24 Other expenses (24a–d)Programs $3,699,868 · Management $599,537 · Fundraising $272,483$4,571,888
IX-25 Total functional expensesPrograms $54,959,837 · Management $9,003,468 · Fundraising $869,935$64,833,240
Part X · Balance sheet $107,359,374 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $697,089$4,493,319
X-2 Savings and temporary cash investmentsStart of year $39,793$8,193
X-3 Pledges and grants receivableStart of year $6,920,832$6,703,860
X-4 Accounts receivableStart of year $3,574,274$1,499,577
X-7 Notes and loans receivableStart of year $381,619$257,000
X-9 Prepaid expenses and deferred chargesStart of year $232,049$274,362
X-10c Land, buildings and equipment, netStart of year $57,411,775$54,026,554
X-11 Publicly traded securitiesStart of year $39,050,345$40,096,509
X-16 Total assetsStart of year $108,307,776$107,359,374
X-17 Accounts payable and accrued expensesStart of year $4,070,712$2,646,865
X-19 Deferred revenueStart of year $1,651,928$3,054,345
X-20 Tax-exempt bond liabilitiesStart of year $12,887,338$12,032,560
X-23 Secured mortgages and notes payableStart of year $29,940,743$29,414,137
X-24 Unsecured notes and loans payable$3,759,730
X-25 Other liabilitiesStart of year $1,008,015$1,084,438
X-26 Total liabilitiesStart of year $49,558,736$51,992,075
X-27 Net assets without donor restrictionsStart of year $9,105,723$7,736,075
X-28 Net assets with donor restrictionsStart of year $49,643,317$47,631,224
X-32 Total net assets or fund balancesStart of year $58,749,040$55,367,299
X-33 Total liabilities and net assetsStart of year $108,307,776$107,359,374
Part XI · Reconciliation of net assets $55,367,299 net assets at year end
XI-1 Total revenue$61,066,923
XI-2 Total expenses$64,833,240
XI-3 Revenue less expenses−$3,766,317
XI-4 Net assets at start of year$58,749,040
XI-5 Net unrealized gains (losses) on investments$384,576
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$55,367,299

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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