Provides Christian post-secondary education to over 2,400 students through on-campus and online programs, granting associate, bachelor's, master's, and doctoral degrees.
Provides Christian post-secondary education to over 2,400 students through on-campus and online programs, granting associate, bachelor's, master's, and doctoral degrees.
For fiscal year 2025 it reported $74.6M in revenue, $58.6M in expenses, and $108.5M in net assets.Pt I
Financial scale & money flow · FY2025
Total revenue
$74.6M
Pt VIII · Ln 12
Total expenses
$58.6M
Pt IX · Ln 25
Net assets
$108.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15.9M
Where spending went · Part IX cols B–D
91%
Program services $0.91 Management & general $0.08 Fundraising $0.01
Operating surplus
+21%
revenue over expenses, this legal entity▲ +202% vs prior filing year
Payroll share
34%
of this entity's spending is salaries & benefits▲ +4% vs prior filing year
Program spending
91%
of expenses reach program services0% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$74.6M
FY2025▲ +19%
$74.6M$37.3M$0
FY2020FY2025
Expenses
$58.6M
FY2025▲ +1%
$64.6M$32.3M$0
FY2020FY2025
Total assets
$133.6M
FY2025▲ +8%
$133.6M$66.8M$0
FY2020FY2025
Total liabilities
$25.1M
FY20250%
$37.8M$18.9M$0
FY2020FY2025
Total revenue
$74.6M
Pt VIII · Ln 12
Total expenses
$58.6M
Pt IX · Ln 25
Net assets
$108.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15.9M
Total assetsPt X · Ln 16$133.6M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III
Where the work happens
1 program service account for $53.1M of program spending, described in the organization's own filed words · FY2024.
01
Spring arbor university is a christian institution serving over 2,441 students. All program service expenses are related to instruction, academic support, student and auxiliary services for those students who study at our main campus or through our online education program.
Brent Ellis’s $326K as President
is at the 70th percentile of top reported officer pay among 3682 $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
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.
Individual Brent Ellis · Reported title President · Highest reported compensation $326K · Total expenses $58.6M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $19.8M · Total expenses $58.6M
34%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
91%
—
—
Overhead ratio
8%
—
—
Fundraising cost ratio
7%
—
—
Revenue growth
19%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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