Bradley University FY2021 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $5,000 a year, plus $10 a year for the ID check.

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

Bradley University empowers students for immediate and sustained success in their personal and professional endeavors by combining professional preparation, liberal arts and sciences, and co-curricular experiences. Alongside our dedication to students, we embrace the generation, application, and interpretation of knowledge.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$4.1M 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
4 of 6
filings with a surplus
Average surplus $12.8M a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.1M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $384.4M in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $45K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$221.1M
28% of total assets
Looks good: liabilities are 28% 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
$298.1M
+25% vs prior year
Spent
$196.0M
To programs
91%
Net assets
$560.2M
By yearFY2020–FY2025
Revenue
$298.1M
FY2021▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$238.6M
FY2021$298.1M
FY2022$236.4M
FY2023$223.8M
FY2024$226.4M
FY2025$240.8M
Expenses
$196.0M
FY2021▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$232.9M
FY2021$196.0M
FY2022$232.3M
FY2023$246.9M
FY2024$240.5M
FY2025$239.1M
Net assets
$560.2M
FY2021▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$451.6M
FY2021$560.2M
FY2022$525.7M
FY2023$510.5M
FY2024$528.4M
FY2025$531.4M

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 Aug 1951.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $178.2M Management & general 7% · $14.4M Fundraising 2% · $3.4M

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

36 people listed on the 990; $4.1M 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
Head Men's Basketball Coach
$821,083Pt VII · Sec A
Former President
$347,071Pt VII · Sec A
$332,576Pt VII · Sec A
$296,249Pt VII · Sec A
Provost/Senior VP Academic Affairs
$254,295Pt VII · Sec A
Chair, Industrial & Manufacturing Engineering
$250,009Pt VII · Sec A
Dean, College of Engineering
$235,215Pt VII · Sec A
Exec/Academic Director Turner School of Entrepre
$227,550Pt VII · Sec A

Brian Wardle’s $834K as Men's Basketball Coach is at the 68th 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
Brian Wardle$834,003$882,269$802,715$821,083$821,083$808,744
Stephen Standifird$576,292$456,539$491,206$507,794$332,576—
Gary Roberts————$347,071$526,058
Ralph Christopher Reynolds$454,680$428,023$427,679$372,191$296,249$297,405
Molly Gribb——$290,575———
Walter Zakahi$124,697$284,330$279,158$253,534$254,295$256,296
Sheryl Cox—$184,946$279,176$232,653——
Jessica Clark—$278,126$240,568———

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 Bradley University executive salaries →

14 open jobs right now. See them →

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 undergraduate and graduate academic programs in business, engineering, health sciences, and the arts to prepare students for personal and professional success.

Questions for Bradley University

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

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

3 programs · $161.7M · in their own filed words · FY2020
01

Instruction and Research

Providing higher education to students.

$149.0Mprogram expense
02

Auxiliary Services

Provides support services for students which includes housing, bookstore, and conference facilities.

$7.0Mprogram expense
03

Food Services

Provides board (cafeteria services) for students living on campus and off campus. Also includes food purchased by employees.

$5.6Mprogram 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 4 funders →
Grants paid · 6 grants · $519K · 2019–2024
Unitemized GrantFY2024$85,443
Unitemized GrantFY2023$117,407
Unitemized GrantFY2022$118,019
Unitemized GrantFY2021$70,378
Unitemized GrantFY2020$79,479
Unitemized GrantFY2019$48,731

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $51.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$38.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$8.1M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$1.3M
Air Force Defense Research Sciences ProgramDepartment of Defense · ALN 12.800 · Through University of Dayton$988K
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$657K

Plus 17 smaller programs.

The auditor reported 2 findings: a weakness in money controls.

Year ending May 2024 · $49.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$37.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.6M
Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.9M
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Through Illinois Central College$978K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$646K

Plus 13 smaller programs.

The auditor reported 7 findings: a weakness in money controls.

Year ending May 2023 · $54.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$42.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.3M
Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$2.6M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$834K
Nursing Simulation Expansion ProjectDepartment of Health and Human Services · ALN 93.493 · Direct$694K

Plus 13 smaller programs.

The auditor reported 7 findings: a weakness in money controls.

Year ending May 2022 · $67.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$44.2M
Higher Education Emergency Relief Fund - Student Aid Portion (covid-19)Department of Education · ALN 84.425 · Direct$11.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.4M
Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$3.6M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$831K

Plus 10 smaller programs.

The auditor reported 4 findings: a weakness in money controls.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$298.1M
Ln 12
Fees for servicesLn 2g$197.6M
Investment incomeLn 3$87.7M
Gifts and grantsLn 1h$12.9M
Money outPt IX
$196.0M
Ln 25
Programscol B$178.2M
Managementcol C$14.4M
Fundraisingcol D$3.4M
Owns and owesPt X
$560.2M
net assets · Ln 32
Cash and savingsLn 1–2$35.4M
Total assetsLn 16$781.4M
LiabilitiesLn 26$221.1M
PeoplePt VI, VII
36
listed · VII A
PaidVII A15
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.9M
Government grantsLn 1e$10.2M
Noncash giftsLn 1g$911K
Fees for servicesLn 2g$197.6M
Investment incomeLn 3$87.7M
Other incomeLn 4–11$260
Gains on assetsLn 7$73.6M
Total revenueLn 12$298.1M
Assets in detailPt X, end of year
CashLn 1$35.4M
Cash and savings togetherLn 1–2$35.4M
Pledges and grants receivableLn 3$3.3M
Accounts receivableLn 4$3.2M
Prepaid expenses and deferred chargesLn 9$1.3M
Land, buildings, equipmentLn 10c$351.1M
InvestmentsLn 11–13$384.4M
Other assetsLn 15$2.7M
Total assetsLn 16$781.4M
LiabilitiesLn 26$221.1M
Net assetsLn 32$560.2M
OperationsPt I, VI
EmployeesI 52,820
VolunteersI 6496
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$150.4M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$153.3M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$911K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$915K
Share of the $395.6M endowmentSch D 1g0.23%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$395.6M$312.9M$308.4M$313.6M$299.3M
Given inLn 1b$4.7M$11.4M$5.2M$4.2M$5.7M
SpentLn 1d–1f$13.7M$11.9M$13.4M$13.4M$11.8M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$43.3M$35.4M
InvestmentsLn 11–13$290.3M$384.4M
Land, buildings, equipmentLn 10c$362.5M$351.1M
Total assetsLn 16$712.9M$781.4M
LiabilitiesLn 26$261.4M$221.1M
Net assetsLn 32$451.6M$560.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$75.1M$75.1M
Pay of current officers, directors and key staffLn 5$3.2M$1.6M$1.2M$368K
Other salaries and wagesLn 7$65.0M$55.5M$7.2M$2.3M
Pension plan contributionsLn 8$3.1M$2.6M$377K$118K
Other employee benefitsLn 9−$11.0M−$9.2M−$1.4M−$426K
Payroll taxesLn 10$4.7M$3.9M$574K$181K
Management feesLn 11a$1.9M$1.2M$445K$263K
Legal feesLn 11b$446K$446K
Accounting feesLn 11c$129K$4K$125K
Investment management feesLn 11f$915K$915K
Other fees for servicesLn 11g$20K$18K$2K
Advertising and promotionLn 12$175K$105K$6K$64K
Office expensesLn 13$8.2M$7.2M$590K$396K
Information technologyLn 14$5.4M$4.4M$899K$79K
OccupancyLn 16$12.3M$11.0M$1.3M$21K
TravelLn 17$606K$578K$27K$777
Conferences, conventions and meetingsLn 19$78K$62K$12K$3K
InterestLn 20$3.9M$3.7M$168K
Depreciation, depletion and amortizationLn 22$15.1M$15.1M
InsuranceLn 23$1.5M$497K$1.0M
Other expenses (24a–d)Ln 24$5.2M$4.7M$395K$75K
Total functional expensesLn 25$196.0M$178.2M$14.4M$3.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 22, 2026 $240.8M$239.1M$1.7M$531.4M 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $226.4M$240.5M−$14.1M$528.4M 990 PDF
FY2023Filed with the IRS Mar 29, 2024 $223.8M$246.9M−$23.1M$510.5M 990 PDF
FY2022 $236.4M$232.3M$4.2M$525.7M 990 PDF
FY2021 ViewingFiled with the IRS Apr 8, 2022 $298.1M$196.0M$102.1M$560.2M 990 PDF
FY2020Filed with the IRS Apr 12, 2021 $238.6M$232.9M$5.8M$451.6M 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 $298,103,596 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,203,423$12,870,205
I-9 Program service revenuePrior year $201,711,576$197,559,076
I-10 Investment incomePrior year $14,526,002$87,674,055
I-11 Other revenuePrior year $205,084$260
I-12 Total revenuePrior year $238,646,085$298,103,596
I-13 Grants and similar amounts paidPrior year $71,062,165$75,123,935
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $103,448,821$64,894,458
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,368,881$55,940,021
I-18 Total expensesPrior year $232,879,867$195,958,414
I-19 Revenue less expensesPrior year $5,766,218$102,145,182
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 $298,103,596 across 11 lines filed
Lines not itemized here account for $142,039 of total revenue; see the IRS return.
VIII-1b Membership dues$315,139
VIII-1e Government grants$10,212,382
VIII-1f All other contributions, gifts and grants$2,342,684
VIII-1g Noncash contributions (included above)$911,492
VIII-1h Total contributions, gifts and grants$12,870,205
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $197,422,832$197,422,832
VIII-3 Investment incomeUnrelated business −$74,428 · Excluded from tax $14,138,124$14,063,696
VIII-6 Net rental income or lossExcluded from tax −$41,835−$41,835
VIII-7 Net gain or loss on sales of assetsExcluded from tax $73,610,359$73,610,359
VIII-8 Net income from fundraising eventsExcluded from tax $36,300$36,300
VIII-12 Total revenueRelated to mission $197,559,076 · Unrelated business −$74,428 · Excluded from tax $87,748,743$298,103,596
Part IX · Statement of functional expenses $195,958,414 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $75,123,935$75,123,935
IX-5 Pay of current officers, directors and key staffPrograms $1,647,825 · Management $1,192,098 · Fundraising $368,239$3,208,162
IX-7 Other salaries and wagesPrograms $55,516,230 · Management $7,187,944 · Fundraising $2,266,417$64,970,591
IX-8 Pension plan contributionsPrograms $2,570,050 · Management $376,760 · Fundraising $118,452$3,065,262
IX-9 Other employee benefitsPrograms −$9,241,274 · Management −$1,354,737 · Fundraising −$425,925−$11,021,936
IX-10 Payroll taxesPrograms $3,917,527 · Management $574,295 · Fundraising $180,557$4,672,379
IX-11a Management feesPrograms $1,158,119 · Management $445,319 · Fundraising $262,704$1,866,142
IX-11b Legal feesManagement $446,199$446,199
IX-11c Accounting feesPrograms $4,125 · Management $125,188$129,313
IX-11f Investment management feesManagement $915,139$915,139
IX-11g Other fees for servicesPrograms $18,105 · Management $2,000$20,105
IX-12 Advertising and promotionPrograms $105,243 · Management $5,615 · Fundraising $64,331$175,189
IX-13 Office expensesPrograms $7,214,540 · Management $590,192 · Fundraising $396,247$8,200,979
IX-14 Information technologyPrograms $4,401,920 · Management $898,866 · Fundraising $79,139$5,379,925
IX-16 OccupancyPrograms $10,990,564 · Management $1,330,641 · Fundraising $20,639$12,341,844
IX-17 TravelPrograms $577,848 · Management $26,878 · Fundraising $777$605,503
IX-19 Conferences, conventions and meetingsPrograms $62,199 · Management $12,135 · Fundraising $3,169$77,503
IX-20 InterestPrograms $3,748,758 · Management $167,514$3,916,272
IX-22 Depreciation, depletion and amortizationPrograms $15,124,334$15,124,334
IX-23 InsurancePrograms $497,373 · Management $1,030,433$1,527,806
IX-24 Other expenses (24a–d)Programs $4,744,058 · Management $395,091 · Fundraising $74,619$5,213,768
IX-25 Total functional expensesPrograms $178,181,479 · Management $14,367,570 · Fundraising $3,409,365$195,958,414
Part X · Balance sheet $781,363,567 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $43,330,476$35,443,506
X-3 Pledges and grants receivableStart of year $10,422,229$3,265,695
X-4 Accounts receivableStart of year $3,260,022$3,223,823
X-7 Notes and loans receivableStart of year $21,331$0
X-9 Prepaid expenses and deferred chargesStart of year $636,506$1,313,522
X-10c Land, buildings and equipment, netStart of year $362,462,494$351,066,755
X-11 Publicly traded securitiesStart of year $199,640,954$257,496,448
X-12 Other securitiesStart of year $86,489,994$122,282,197
X-13 Program-related investmentsStart of year $4,167,096$4,598,375
X-15 Other assetsStart of year $2,514,356$2,673,246
X-16 Total assetsStart of year $712,945,458$781,363,567
X-17 Accounts payable and accrued expensesStart of year $28,467,353$25,561,278
X-19 Deferred revenueStart of year $3,897,521$4,079,596
X-20 Tax-exempt bond liabilitiesStart of year $153,665,313$150,425,746
X-23 Secured mortgages and notes payableStart of year $7,771,369$1,596,278
X-24 Unsecured notes and loans payableStart of year $5,049,853$4,046,073
X-25 Other liabilitiesStart of year $62,536,104$35,405,716
X-26 Total liabilitiesStart of year $261,387,513$221,114,687
X-27 Net assets without donor restrictionsStart of year $322,750,454$429,835,741
X-28 Net assets with donor restrictionsStart of year $128,807,491$130,413,139
X-32 Total net assets or fund balancesStart of year $451,557,945$560,248,880
X-33 Total liabilities and net assetsStart of year $712,945,458$781,363,567
Part XI · Reconciliation of net assets $560,248,880 net assets at year end
XI-1 Total revenue$298,103,596
XI-2 Total expenses$195,958,414
XI-3 Revenue less expenses$102,145,182
XI-4 Net assets at start of year$451,557,945
XI-5 Net unrealized gains (losses) on investments$5,448,238
XI-9 Other changes in net assets$1,097,515
XI-10 Net assets at end of year$560,248,880

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.