Park University FY2020 filing

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Park university's mission is to transform lives through accessible, student-centered, quality higher education.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$2.2M 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
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 $5.0M a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
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
4 mo
of spending, in cash
Plus $39.7M in investments, Pt X · Ln 11–13
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $85K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$44.4M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 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
$95.7M
Spent
$91.3M
To programs
77%
Net assets
$139.9M
By yearFY2020–FY2025
Revenue
$95.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$95.7M
FY2021$95.2M
FY2022$102.1M
FY2023$84.5M
FY2024$80.9M
FY2025$80.1M
Expenses
$91.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$91.3M
FY2021$84.4M
FY2022$89.6M
FY2023$79.8M
FY2024$82.8M
FY2025$80.6M
Net assets
$139.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$139.9M
FY2021$150.3M
FY2022$152.0M
FY2023$153.2M
FY2024$153.1M
FY2025$159.2M

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

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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 Jul 1945.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $70.7M Management & general 22% · $20.1M Fundraising 1% · $522K

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

35 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$399,653Pt VII · Sec A
VP & Chief Operating Officer
$204,766Pt VII · Sec A
$200,448Pt VII · Sec A
Dean College of Management
$187,006Pt VII · Sec A
VP of Facilities
$183,581Pt VII · Sec A
Chief Information Officer
$169,476Pt VII · Sec A
VP Gilbert
$162,829Pt VII · Sec A
Associate Provost
$142,970Pt VII · Sec A

Shane Smeed’s $343K as President (ending 5/31/2025) 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
Greg Gunderson——$136,732$282,093$351,280$399,653
Shane Smeed$342,735$356,432$328,880$339,732$239,456$204,766
Dave Whittaker——$224,413———
Brian Bode————$209,981$183,581
Michelle Meyers$196,698$199,921$202,650$204,437$203,826—
Michelle E Meyers—————$200,448
Gregg Givens——$128,078$194,861$148,258—
Kena Wolf—$187,091$188,262$177,734$127,433—

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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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 diverse learners to become global leaders through innovative programs.

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2 programs · $70.7M · in their own filed words · FY2019
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 15,300 students annually in the parkville and kansas city, missouri area, in the gilbert, arizona area, at remote location campuses, and online.

$66.1Mprogram expense
02

Auxiliary

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

$4.6Mprogram 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
Total grants receivedfrom 3 funders$85K
See all 3 funders →
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 →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $29.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$16.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$12.3M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$411K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$379K
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$12K

The auditor reported no findings.

Year ending Jun 2024 · $34.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$21.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$11.8M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$590K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$505K
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$13K

The auditor reported no findings.

Year ending Jun 2023 · $36.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$23.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$11.4M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$472K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$339K
Teacher Education Assistance for College and Higher Education Grants (teach Grants)Department of Education · ALN 84.379 · Direct$32K

The auditor reported 5 findings.

Year ending Jun 2022 · $51.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$28.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$11.8M
Covid-19 - Education Stabilization Fund/Student AidDepartment of Education · ALN 84.425 · Direct$10.6M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$451K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$337K

Plus 1 smaller program.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$95.7M
Ln 12
Fees for servicesLn 2g$85.3M
Gifts and grantsLn 1h$6.6M
Other incomeLn 4–11$2.5M
Money outPt IX
$91.3M
Ln 25
Programscol B$70.7M
Managementcol C$20.1M
Fundraisingcol D$522K
Owns and owesPt X
$139.9M
net assets · Ln 32
Cash and savingsLn 1–2$32.2M
Total assetsLn 16$184.3M
LiabilitiesLn 26$44.4M
PeoplePt VI, VII
35
listed · VII A
PaidVII A13
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.6M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$345K
Fees for servicesLn 2g$85.3M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$2.5M
Gains on assetsLn 7−$111K
Total revenueLn 12$95.7M
Assets in detailPt X, end of year
CashLn 1$30.7M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$32.2M
InvestmentsLn 11–13$39.7M
Land, buildings, equipmentLn 10c$83.9M
Other assetsLn 15$18.8M
Total assetsLn 16$184.3M
LiabilitiesLn 26$44.4M
Net assetsLn 32$139.9M
OperationsPt I, VI
EmployeesI 51,527
VolunteersI 6400
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$22.0M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$25.3M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$56K
Share of the $56.0M endowmentSch D 1g0.10%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$56.0M$56.8M$56.4M$53.6M$51.5M
Given inLn 1b$537K$277K$195K$197K$337K
SpentLn 1d–1f$961K$1.1M$578K$457K$830K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$18.2M$32.2M
InvestmentsLn 11–13$40.8M$39.7M
Land, buildings, equipmentLn 10c$84.5M$83.9M
Total assetsLn 16$174.4M$184.3M
LiabilitiesLn 26$36.9M$44.4M
Net assetsLn 32$137.5M$139.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$9.2M$9.2M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.7M$1.7M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$42.8M$34.8M$7.7M$313K
Pension plan contributionsLn 8$1.4M$909K$451K$16K
Other employee benefitsLn 9$3.4M$2.2M$1.2M$32K
Payroll taxesLn 10$3.2M$2.5M$700K$21K
Management feesLn 11a$0
Legal feesLn 11b$692K$692K
Accounting feesLn 11c$136K$136K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$3.5M$2.2M$1.2M$114K
Advertising and promotionLn 12$2.2M$1.6M$611K$2K
Office expensesLn 13$4.2M$2.1M$2.0M$8K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5.9M$4.9M$940K
TravelLn 17$697K$532K$151K$14K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$297K$182K$113K$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1.4M$498K$939K
Other expenses (24a–d)Ln 24$10.5M$9.0M$1.5M$63
Total functional expensesLn 25$91.3M$70.7M$20.1M$522K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 28, 2026 $80.1M$80.6M−$484K$159.2M 990 PDF
FY2024Filed with the IRS May 14, 2025 $80.9M$82.8M−$1.9M$153.1M 990 PDF
FY2023Filed with the IRS Mar 11, 2024 $84.5M$79.8M$4.7M$153.2M 990 PDF
FY2022Filed with the IRS Mar 17, 2023 $102.1M$89.6M$12.6M$152.0M 990 PDF
FY2021Filed with the IRS Apr 25, 2022 $95.2M$84.4M$10.9M$150.3M 990 PDF
FY2020 ViewingFiled with the IRS May 6, 2021 $95.7M$91.3M$4.5M$139.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $95,714,259 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,148,892$6,634,077
I-9 Program service revenuePrior year $81,783,338$85,309,187
I-10 Investment incomePrior year $3,369,536$1,227,018
I-11 Other revenuePrior year $5,409,078$2,543,977
I-12 Total revenuePrior year $93,710,844$95,714,259
I-13 Grants and similar amounts paidPrior year $6,662,090$9,160,656
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $52,626,836$52,504,648
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,490,799$29,587,009
I-18 Total expensesPrior year $88,779,725$91,252,313
I-19 Revenue less expensesPrior year $4,931,119$4,461,946
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $95,714,259 across 13 lines filed
Lines not itemized here account for $35,172 of total revenue; see the IRS return.
VIII-1c Fundraising events$344,511
VIII-1e Government grants$1,921,374
VIII-1f All other contributions, gifts and grants$4,368,192
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$6,634,077
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,309,187$85,309,187
VIII-3 Investment incomeExcluded from tax $1,302,416$1,302,416
VIII-5 RoyaltiesExcluded from tax $318,576$318,576
VIII-6 Net rental income or lossExcluded from tax $1,154,435$1,154,435
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$110,570−$110,570
VIII-8 Net income from fundraising eventsExcluded from tax −$64,983−$64,983
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,135,949$1,135,949
VIII-12 Total revenueRelated to mission $85,309,187 · Excluded from tax $3,770,995$95,714,259
Part IX · Statement of functional expenses $91,252,313 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $9,160,656$9,160,656
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $1,704,588$1,704,588
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $34,796,295 · Management $7,706,302 · Fundraising $313,181$42,815,778
IX-8 Pension plan contributionsPrograms $908,523 · Management $450,668 · Fundraising $15,981$1,375,172
IX-9 Other employee benefitsPrograms $2,188,181 · Management $1,210,846 · Fundraising $32,125$3,431,152
IX-10 Payroll taxesPrograms $2,456,944 · Management $700,081 · Fundraising $20,933$3,177,958
IX-11a Management fees$0
IX-11b Legal feesManagement $692,306$692,306
IX-11c Accounting feesManagement $136,008$136,008
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $55,805$55,805
IX-11g Other fees for servicesPrograms $2,177,312 · Management $1,196,242 · Fundraising $114,100$3,487,654
IX-12 Advertising and promotionPrograms $1,636,354 · Management $610,578 · Fundraising $2,067$2,248,999
IX-13 Office expensesPrograms $2,146,463 · Management $2,015,125 · Fundraising $8,263$4,169,851
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,937,406 · Management $939,544$5,876,950
IX-17 TravelPrograms $531,968 · Management $150,767 · Fundraising $14,263$696,998
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $182,281 · Management $113,045 · Fundraising $1,382$296,708
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $497,634 · Management $939,409$1,437,043
IX-24 Other expenses (24a–d)Programs $9,034,169 · Management $1,454,455 · Fundraising $63$10,488,687
IX-25 Total functional expensesPrograms $70,654,186 · Management $20,075,769 · Fundraising $522,358$91,252,313
Part X · Balance sheet $184,306,749 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $17,540,851$30,722,961
X-2 Savings and temporary cash investmentsStart of year $665,809$1,444,315
X-3 Pledges and grants receivableStart of year $605,250$2,449,291
X-4 Accounts receivableStart of year $9,010,191$5,898,830
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,647,200$1,451,920
X-10c Land, buildings and equipment, netStart of year $84,523,708$83,872,850
X-11 Publicly traded securitiesStart of year $36,180,571$36,223,211
X-12 Other securitiesStart of year $4,654,586$3,472,071
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $19,545,309$18,771,300
X-16 Total assetsStart of year $174,373,475$184,306,749
X-17 Accounts payable and accrued expensesStart of year $7,846,948$9,140,894
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $7,674,028$7,924,406
X-20 Tax-exempt bond liabilitiesStart of year $14,670,410$22,022,832
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $510,780$0
X-26 Total liabilitiesStart of year $36,877,166$44,373,132
X-27 Net assets without donor restrictionsStart of year $78,703,757$85,378,261
X-28 Net assets with donor restrictionsStart of year $58,792,552$54,555,356
X-32 Total net assets or fund balancesStart of year $137,496,309$139,933,617
X-33 Total liabilities and net assetsStart of year $174,373,475$184,306,749
Part XI · Reconciliation of net assets $139,933,617 net assets at year end
XI-1 Total revenue$95,714,259
XI-2 Total expenses$91,252,313
XI-3 Revenue less expenses$4,461,946
XI-4 Net assets at start of year$137,496,309
XI-5 Net unrealized gains (losses) on investments−$2,024,622
XI-8 Prior period adjustments−$16
XI-10 Net assets at end of year$139,933,617

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

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