Park University EIN 44-0562048

Park University

EIN  44-0562048 Higher education institution Parkville, MO Founded 1879
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates diverse learners to become global leaders through innovative programs.
Leadership
Shane Smeed · President (ending 5/31/2025) · $343K
Money in and out
$80.1M revenue, $80.6M expenses
Bottom line
-1% operating surplus

Educates diverse learners to become global leaders through innovative programs. For fiscal year 2024 it reported $80.1M in revenue, $80.6M in expenses, and $159.2M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$80.1M
Pt VIII · Ln 12
Total expenses
$80.6M
Pt IX · Ln 25
Net assets
$159.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$484K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.21 Fundraising $0.03
Operating surplus
-1%
revenue over expenses, this legal entity▲ +75% vs prior filing year
Payroll share
49%
of this entity's spending is salaries & benefits▲ +6% vs prior filing year
Program spending
76%
of expenses reach program services▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$80.1M
FY2024▼ -1%
Expenses
$80.6M
FY2024▼ -3%
Total assets
$194.1M
FY2024▲ +1%
Total liabilities
$34.9M
FY2024▼ -10%
Total revenue
$80.1M
Pt VIII · Ln 12
Total expenses
$80.6M
Pt IX · Ln 25
Net assets
$159.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$484K
Total assetsPt X · Ln 16$194.1M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

2 program services account for $61.3M of program spending, described in the organization's own filed words · FY2024.
01

Provided Higher Education to Students

These are expenses connected with instruction, academic support, and student services, and all other campus related functions. Currently, park university serves approximately 13,250 students annually in the parkville and kansas city, missouri area, in the gilbert, arizona area, at remote location campuses, and online.

$57.6Mprogram expense
02

Auxiliary

These are expenses connected with student housing, food service, and a fitness center.

$3.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPark University
EINHdr · item D44-0562048
Principal addressHdr · item CParkville, MO
WebsiteHdr · item Jwww.park.edu
Year of formationHdr · item L1879
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFJul 1945

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (ending 5/31/2025)
$342,735Pt VII · Sec A
$196,698Pt VII · Sec A
VP Finance and Administration (ending 1/3/2025)
$184,963Pt VII · Sec A
Dean College of Management
$167,929Pt VII · Sec A
Vice Provost
$165,806Pt VII · Sec A
Chief Financial Officer
$164,287Pt VII · Sec A
Vice President of Strategic Initiatives
$158,945Pt VII · Sec A
VP - Gilbert Campus
$145,105Pt VII · Sec A

Shane Smeed’s $343K as President (ending 5/31/2025) is at the 72nd 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Greg Gunderson$399,653
Shane Smeed$342,735$356,432$328,880$339,732$239,456
Greg Gunderson$136,732$282,093$351,280
Dave Whittaker$224,413
Brian Bode$209,981$183,581
Shane Smeed$204,766
Michelle Meyers$196,698$199,921$202,650$204,437$203,826
Michelle E Meyers$200,448

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 Park University executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$67.1M · 84%
Other revenue$6.6M · 8%
Investment income$3.9M · 5%
Contributions & grants$2.5M · 3%
Program service revenue84%$67.1M
Other revenue8%$6.6M
Investment income5%$3.9M
Contributions & grants3%$2.5M
Total revenueLn 12$80.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.21 Fundraising $0.03
Program services76%$61.3M
Management & general21%$16.6M
Fundraising3%$2.7M
Total functional expensesLn 25$80.6M

Balance Sheet

Part X · end of year
CashLn 1$20.9M
Total assetsLn 16$194.1M
Total liabilitiesLn 26$34.9M
Total net assetsLn 32$159.2M
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $83.1M · Operating expenses (Pt IX) $80.6M · Less non-cash grants $989K · Cash operating expenses/yr $79.6M
12.5 months
Where the money goes
Program services
Program services $61.3M · Total expenses $80.6M
76%
Management & General
Management & general $16.6M · Total expenses $80.6M
21%
Fundraising
Fundraising $2.7M · Total expenses $80.6M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $1.6M · Solicited contributions (3-yr avg) $2.1M
$0.78 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.5M · Total revenue $80.1M
3%
Government reliance
Government grants — · Total revenue $80.1M
Earned-income share
Program service revenue $67.1M · Total revenue $80.1M
84%
Investment reliance
Investment income $3.9M · Total revenue $80.1M
+5%
Program self-sufficiency
Program service revenue $67.1M · Total expenses $80.6M
83%
Growth & trend
Revenue growth (YoY)
This year $80.1M · Prior year $80.9M
-1%
Revenue CAGR
FY2019 $95.7M · FY2024 $80.1M
-3%
Net-asset trend (YoY)
End of year $159.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $80.1M · Expenses $80.6M
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $194.1M
Net-asset ratio
Net assets $159.2M · Total assets $194.1M
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $62.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $194.1M
32%
People & payroll
Highest Reported Total Compensation
Individual Shane Smeed · Reported title PRESIDENT (Ending 5/31/2025) · Highest reported compensation $343K · Total expenses $80.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $39.8M · Total expenses $80.6M
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 21%
Fundraising cost ratio 110%
Revenue growth -1%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$70K
Grants paid · 19 grants · $55.9M · 2019–2024
Unitemized GrantFY2024$4,736,044
Unitemized GrantFY2024$3,889,078
Unitemized GrantFY2024$519,429
Unitemized GrantFY2024$166,800
Unitemized GrantFY2023$4,393,005
Unitemized GrantFY2023$3,927,657
Unitemized GrantFY2023$548,766
Unitemized GrantFY2023$157,942
Unitemized GrantFY2022$3,996,830
Unitemized GrantFY2022$3,402,907
Unitemized GrantFY2021$7,201,012
Unitemized GrantFY2021$3,028,496
Unitemized GrantFY2021$2,785,414
Unitemized GrantFY2020$3,698,676
Unitemized GrantFY2020$2,692,383
Unitemized GrantFY2020$1,618,266
Unitemized GrantFY2019$5,069,490
Unitemized GrantFY2019$2,688,243
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$80.9M revenue · ⤓ 990 PDF
FY2023$84.5M revenue · ⤓ 990 PDF
FY2022$102.1M revenue · ⤓ 990 PDF
FY2021$95.2M revenue · ⤓ 990 PDF
FY2020$95.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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