Central Methodist University FY2022 filing

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Central Methodist University fosters a diverse and caring community, empowering students to become lifelong learners, committed to academic excellence, prepared to engage in a complex world.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.6M 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

FY2022 · Form 990-TIndependent: 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-T
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 $3.1M 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $70.4M in investments, Pt X · Ln 11–13
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.4M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
40
of 41 voting members
Looks good: 40 of 41 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63.2M
-4% vs prior year
Spent
$58.5M
To programs
89%
Net assets
$146.7M
By yearFY2020–FY2025
Revenue
$63.2M
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$55.3M
FY2021$65.8M
FY2022$63.2M
FY2023$57.5M
FY2024$56.3M
FY2025$62.1M
Expenses
$58.5M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$51.9M
FY2021$53.5M
FY2022$58.5M
FY2023$57.8M
FY2024$58.2M
FY2025$61.7M
Net assets
$146.7M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$123.8M
FY2021$150.3M
FY2022$146.7M
FY2023$150.6M
FY2024$154.1M
FY2025$160.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Jul 1976.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $52.2M Management & general 9% · $5.5M Fundraising 2% · $889K

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

48 people listed on the 990-T; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President/Trustee
$361,030Pt VII · Sec A
$277,886Pt VII · Sec A
Administrator
$173,721Pt VII · Sec A
VP for Finance & Administr
$170,962Pt VII · Sec A
Administrator
$167,814Pt VII · Sec A
Administrator
$155,777Pt VII · Sec A
Administrator
$140,496Pt VII · Sec A
Administrator
$119,698Pt VII · Sec A

Roger Drake’s $342K as President/Trustee 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
Roger Drake$342,170$334,545$319,212$361,030$305,001$301,141
Rita Gulstad$300,032$287,198$275,886$277,886$278,489$255,674
William Sheehan$232,624$211,883$169,306$155,777$132,514—
Stephanie Brink$215,000$198,293$145,678$140,496$156,206$154,565
Julee Sherman$202,367$198,376$207,500$170,962$169,795$152,403
Joe Parisi——$201,957$173,721$170,199$172,863
Chad Gaines$188,869$186,552$180,755$167,814$163,995$164,646
David Gorton$169,707$177,026————

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 Central Methodist 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

Empowers students through diverse community and academic excellence for a complex world.

Questions for Central Methodist University

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

3 programs · $47.7M · in their own filed words · FY2021
01

Scholarship Programs and Student Financial Assistance

Scholarships are awarded to over 90% of full-time students

$21.1Mprogram expense
02

Higher education instruction and research expenditures to operate institution for over 3,800 students

$19.9Mprogram expense
03

Higher education student services for activities that contribute to the student experience

$6.7Mprogram 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 2 funders$8K
Grants paid · 10 grants · $113.8M · 2019–2024
Unitemized GrantFY2024$19,454,540
Unitemized GrantFY2023$18,497,152
Unitemized GrantFY2022$18,266,225
Unitemized GrantFY2022$1,035,898
Unitemized GrantFY2021$18,405,151
Unitemized GrantFY2021$2,662,548
Unitemized GrantFY2020$17,424,607
Unitemized GrantFY2020$1,132,369
Unitemized GrantFY2019$16,423,064
Unitemized GrantFY2019$532,891

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $24.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$12.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$11.4M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$350K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$190K
Registered ApprenticeshipDepartment of Labor · ALN 17.285 · Through Jefferson College$64K

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $22.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$13.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$8.6M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$315K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$174K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Missouri Department of Higher Education and Workforce Development$84K

Plus 1 smaller program.

The auditor reported 8 findings: a weakness in money controls.

Year ending Jun 2023 · $21.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$13.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.7M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.7M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$225K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$185K

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

Year ending Jun 2022 · $25.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$14.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.9M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$5.1M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$199K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$174K

Plus 1 smaller program.

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

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$63.2M
Fees for services$48.8M
Gifts and grants$11.2M
Investment income$2.2M
Money out
$58.5M
Programs$52.2M
Management$5.5M
Fundraising$889K
Owns and owes
$146.7M
net assets
Cash and savings$37.1M
Total assets$157.1M
Liabilities$10.4M
People
48
listed
Paid8
Voting board41
Independent40
2In more detail
Revenue in detail
Gifts and grants$11.2M
Government grants$5.9M
Fees for services$48.8M
Investment income$2.2M
Other income$956K
Total revenue$63.2M
Assets in detailEnd of year
Cash and savings together$37.1M
Total assets$157.1M
Liabilities$10.4M
Net assets$146.7M
Operations
Employees894
Volunteers70
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 4, 2026 $62.1M$61.7M$351K$160.1M 990 PDF
FY2024Filed with the IRS May 13, 2025 $56.3M$58.2M−$2.0M$154.1M 990 PDF
FY2023Filed with the IRS May 13, 2024 $57.5M$57.8M−$299K$150.6M 990 PDF
FY2022 Viewing $63.2M$58.5M$4.6M$146.7M 990 PDF
FY2021Filed with the IRS May 13, 2022 $65.8M$53.5M$12.3M$150.3M 990 PDF
FY2020Filed with the IRS May 14, 2021 $55.3M$51.9M$3.4M$123.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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