Park University FY2023 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.
80¢ of each $1 spent went to programs.
$3.2M 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

FY2023 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.2M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $46.9M in investments, Pt X · Ln 11–13
Looks good: 3.9 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
$38.6M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$84.5M
-17% vs prior year
Spent
$79.8M
To programs
80%
Net assets
$153.2M
By yearFY2020–FY2025
Revenue
$84.5M
FY2023▼ -17%
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
$79.8M
FY2023▼ -11%
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
$153.2M
FY2023▲ +0.8%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

80 cents of each dollar spent went to programs.

Program services 80% · $63.6M Management & general 19% · $15.1M Fundraising 1% · $1.1M

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

37 people listed on the 990; $3.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$328,880Pt VII · Sec A
Chief Information Officer
$224,413Pt VII · Sec A
$202,650Pt VII · Sec A
Chief Enrollment Officer
$188,262Pt VII · Sec A
Dean College of Management
$187,952Pt VII · Sec A
Chief Human Resources Officer
$159,720Pt VII · Sec A
Vice Provost
$155,149Pt VII · Sec A
VP - Gilbert Campus
$152,274Pt 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 · $63.6M · in their own filed words · FY2022
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.

$59.3Mprogram expense
02

Auxiliary

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

$4.2Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$84.5M
Ln 12
Fees for servicesLn 2g$69.4M
Investment incomeLn 3$10.7M
Other incomeLn 4–11$2.5M
Money outPt IX
$79.8M
Ln 25
Programscol B$63.6M
Managementcol C$15.1M
Fundraisingcol D$1.1M
Owns and owesPt X
$153.2M
net assets · Ln 32
Cash and savingsLn 1–2$25.7M
Total assetsLn 16$191.7M
LiabilitiesLn 26$38.6M
PeoplePt VI, VII
37
listed · VII A
PaidVII A21
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Fundraising eventsLn 1c$45K
Fees for servicesLn 2g$69.4M
Investment incomeLn 3$10.7M
Other incomeLn 4–11$2.5M
Gains on assetsLn 7$7.6M
Total revenueLn 12$84.5M
Assets in detailPt X, end of year
CashLn 1$12.7M
SavingsLn 2$13.0M
Cash and savings togetherLn 1–2$25.7M
InvestmentsLn 11–13$46.9M
Land, buildings, equipmentLn 10c$80.9M
Other assetsLn 15$26.1M
Total assetsLn 16$191.7M
LiabilitiesLn 26$38.6M
Net assetsLn 32$153.2M
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$19.1M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$25.3M
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$56.9M$52.1M$59.5M$56.0M$56.8M
Given inLn 1b$623K$165K$211K$537K$277K
SpentLn 1d–1f$668K$651K$563K$961K$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$25.6M$25.7M
InvestmentsLn 11–13$42.9M$46.9M
Land, buildings, equipmentLn 10c$83.4M$80.9M
Total assetsLn 16$196.6M$191.7M
LiabilitiesLn 26$44.6M$38.6M
Net assetsLn 32$152.0M$153.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$7.4M$7.4M
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$2.6M$308K$2.1M$193K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$28.0M$25.0M$2.4M$586K
Pension plan contributionsLn 8$1.2M$955K$233K$31K
Other employee benefitsLn 9$3.4M$2.6M$680K$84K
Payroll taxesLn 10$2.4M$2.0M$311K$55K
Management feesLn 11a$0
Legal feesLn 11b$238K$238K
Accounting feesLn 11c$139K$139K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$3.6M$2.7M$817K$53K
Advertising and promotionLn 12$2.2M$2.1M$158K
Office expensesLn 13$1.7M$745K$928K$51K
Information technologyLn 14$3.2M$804K$2.4M
RoyaltiesLn 15$0
OccupancyLn 16$3.8M$3.0M$853K$21K
TravelLn 17$1.1M$1.1M$62K$23K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$167K$109K$45K$13K
InterestLn 20$742K$707K$35K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$5.4M$4.9M$489K
InsuranceLn 23$2.3M$1.0M$1.2M
Other expenses (24a–d)Ln 24$9.7M$8.1M$1.6M
All other expensesLn 24e$337K$91K$246K
Total functional expensesLn 25$79.8M$63.6M$15.1M$1.1M

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
FY2023 ViewingFiled 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
FY2020Filed 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 FY2023 990 (6 parts)
Part I · Summary $84,496,927 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,845,989$1,917,885
I-9 Program service revenuePrior year $69,934,974$69,396,535
I-10 Investment incomePrior year $1,616,558$10,722,283
I-11 Other revenuePrior year $16,712,754$2,460,224
I-12 Total revenuePrior year $102,110,275$84,496,927
I-13 Grants and similar amounts paidPrior year $13,693,399$7,399,737
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $42,871,025$37,646,476
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,992,002$34,722,075
I-18 Total expensesPrior year $89,556,426$79,768,288
I-19 Revenue less expensesPrior year $12,553,849$4,728,639
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $84,496,927 across 11 lines filed
VIII-1c Fundraising events$45,000
VIII-1f All other contributions, gifts and grants$1,534,685
VIII-1h Total contributions, gifts and grants$1,917,885
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,396,535$69,396,535
VIII-3 Investment incomeExcluded from tax $3,120,290$3,120,290
VIII-5 RoyaltiesExcluded from tax $458,177$458,177
VIII-6 Net rental income or lossExcluded from tax $914,780$914,780
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,601,993$7,601,993
VIII-8 Net income from fundraising eventsExcluded from tax −$106,550−$106,550
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,193,817$1,193,817
VIII-12 Total revenueRelated to mission $69,396,535 · Excluded from tax $13,182,507$84,496,927
Part IX · Statement of functional expenses $79,768,288 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $7,399,737$7,399,737
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 staffPrograms $307,603 · Management $2,141,306 · Fundraising $193,421$2,642,330
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $24,986,966 · Management $2,442,435 · Fundraising $585,563$28,014,964
IX-8 Pension plan contributionsPrograms $954,655 · Management $232,519 · Fundraising $31,081$1,218,255
IX-9 Other employee benefitsPrograms $2,600,540 · Management $680,315 · Fundraising $84,151$3,365,006
IX-10 Payroll taxesPrograms $2,039,829 · Management $310,885 · Fundraising $55,207$2,405,921
IX-11a Management fees$0
IX-11b Legal feesManagement $238,225$238,225
IX-11c Accounting feesManagement $138,998$138,998
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $1,220$1,220
IX-11g Other fees for servicesPrograms $2,697,497 · Management $816,837 · Fundraising $53,320$3,567,654
IX-12 Advertising and promotionPrograms $2,067,375 · Management $158,078$2,225,453
IX-13 Office expensesPrograms $744,534 · Management $928,018 · Fundraising $50,526$1,723,078
IX-14 Information technologyPrograms $803,887 · Management $2,411,662$3,215,549
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,955,492 · Management $852,662 · Fundraising $21,136$3,829,290
IX-17 TravelPrograms $1,062,478 · Management $61,942 · Fundraising $23,338$1,147,758
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $109,040 · Management $45,075 · Fundraising $13,071$167,186
IX-20 InterestPrograms $706,568 · Management $35,109$741,677
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,945,129 · Management $489,079$5,434,208
IX-23 InsurancePrograms $1,023,435 · Management $1,232,453$2,255,888
IX-24 Other expenses (24a–d)Programs $8,067,480 · Management $1,631,089$9,698,569
IX-24e All other expensesPrograms $91,248 · Management $246,074$337,322
IX-25 Total functional expensesPrograms $63,563,493 · Management $15,093,981 · Fundraising $1,110,814$79,768,288
Part X · Balance sheet $191,739,809 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $3,682,954$12,696,596
X-2 Savings and temporary cash investmentsStart of year $21,914,680$13,017,550
X-3 Pledges and grants receivableStart of year $1,160,243$918,094
X-4 Accounts receivableStart of year $16,103,324$10,096,765
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,444,068$1,042,166
X-10c Land, buildings and equipment, netStart of year $83,381,365$80,930,265
X-11 Publicly traded securitiesStart of year $41,284,870$45,362,841
X-12 Other securitiesStart of year $1,585,344$1,536,312
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $26,081,932$26,139,220
X-16 Total assetsStart of year $196,638,780$191,739,809
X-17 Accounts payable and accrued expensesStart of year $8,593,870$6,276,323
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $5,079,307$4,868,609
X-20 Tax-exempt bond liabilitiesStart of year $20,123,606$19,074,826
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $7,425,797$5,940,274
X-26 Total liabilitiesStart of year $44,632,580$38,575,032
X-27 Net assets without donor restrictionsStart of year $102,903,792$99,620,383
X-28 Net assets with donor restrictionsStart of year $49,102,408$53,544,394
X-32 Total net assets or fund balancesStart of year $152,006,200$153,164,777
X-33 Total liabilities and net assetsStart of year $196,638,780$191,739,809
Part XI · Reconciliation of net assets $153,164,777 net assets at year end
XI-1 Total revenue$84,496,927
XI-2 Total expenses$79,768,288
XI-3 Revenue less expenses$4,728,639
XI-4 Net assets at start of year$152,006,200
XI-5 Net unrealized gains (losses) on investments−$5,105,365
XI-6 Donated services and use of facilities−$9,737
XI-9 Other changes in net assets$1,545,040
XI-10 Net assets at end of year$153,164,777

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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