Midland University: Nonprofit Profile, Financials & Form 990 (EIN 47-0376551)

Revenue by fiscal year
FY2020	$50.8M
FY2021	$60.8M
FY2022	$60.4M
FY2023	$58.5M
FY2024	$62.3M
FY2025	$64.5M

Expenses by fiscal year
FY2020	$50.5M
FY2021	$56.9M
FY2022	$59.2M
FY2023	$63.2M
FY2024	$62.8M
FY2025	$64.5M

Net assets by fiscal year
FY2020	$48.2M
FY2021	$58.9M
FY2022	$55.8M
FY2023	$50.2M
FY2024	$53.2M
FY2025	$52.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1963.

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

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $57.8M Management & general 9% · $5.9M Fundraising 1% · $790K

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

20 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Jody Horner

President (thru 5/2025)

$275,057Pt VII · Sec A

Jamie Simpson

Chief Academic Officer

$165,057Pt VII · Sec A

Jeff Jamrog

Head Football Coach

$162,674Pt VII · Sec A

Joseph Harnisch

Chief Financial Officer

$143,450Pt VII · Sec A

Shane Perrien

Chief Information Officer

$138,756Pt VII · Sec A

Kristina Cammarano

Vice President of Student Affairs

$138,718Pt VII · Sec A

Lori Ethier

VP of Enrollment & Marketing

$130,488Pt VII · Sec A

Courtney Thomsen

Director of Athletics

$117,622Pt VII · Sec A

Jody Horner’s $275K as President (thru 5/2025) is at the 59th 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Jody Horner	$275,057	$296,694	$328,457	$326,916	$320,229	$319,229
Susan Kruml	—	—	—	$172,840	$177,191	$161,779
Jodi Benjamin	$110,167	$151,173	$176,963	$167,238	$171,158	$154,945
Merritt Nelson VP Admissions	—	—	—	$170,906	—	—
Jamie Simpson	$165,057	$132,582	$147,416	—	—	—
Jeff Jamrog	$162,674	$157,156	$153,447	$156,606	$141,914	$128,058
Jessica Janssen	—	—	—	—	$149,958	$136,103
Merritt Nelson	—	—	—	—	$146,411	$146,411

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.

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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 students in liberal arts, fostering faith, learning, and leadership with purpose.

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3 programs · $57.8M · in their own filed words · FY2024

01

Instruction

Midland university offers multiple degrees including bachelors degrees in business, education and nursing, as well as a masters in business administration and education. The 2024-2025 enrollment was 205 nontraditional undergraduate students, 1,104 traditional students in the fall, 322 non-traditional and 1,120 traditional students in the…

$51.8Mprogram expense

02

Auxiliary Enterprises

Auxiliary enterprises at midland university are comprised of 9 residence halls or on-campus apartments, a dining facility, and a bookstore for faculty, staff and students. 558 students resided in student housing during fall 2024 and 507 students during spring 2025.

$5.4Mprogram expense

03

Academic Support

Academic support includes the library, admissions, financial aid, information technology and those functions that directly support instruction.

$721Kprogram 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

Cooper FoundationFY2025$19K

Folds of Honor FoundationFY2025$7K

Total grants receivedfrom 2 funders$26K

Grants paid · 6 grants · $161.9M · 2019–2024

Unitemized GrantFY2024$30,612,715

Unitemized GrantFY2023$29,548,973

Unitemized GrantFY2022$28,413,363

Unitemized GrantFY2021$26,527,630

Unitemized GrantFY2020$25,118,452

Unitemized GrantFY2019$21,724,247

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$64.5M

Ln 12

Fees for servicesLn 2g$55.8M

Gifts and grantsLn 1h$4.7M

Investment incomeLn 3$2.7M

Money outPt IX

$64.5M

Ln 25

Programscol B$57.8M

Managementcol C$5.9M

Fundraisingcol D$790K

Owns and owesPt X

$52.7M

net assets · Ln 32

Cash and savingsLn 1–2$5.0M

Total assetsLn 16$73.6M

LiabilitiesLn 26$20.9M

PeoplePt VI, VII

20

listed · VII A

PaidVII A9

Voting boardVI 1a11

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.7M

Government grantsLn 1e$807K

Fundraising eventsLn 1c$26K

Fees for servicesLn 2g$55.8M

Investment incomeLn 3$2.7M

Other incomeLn 4–11$1.3M

Gains on assetsLn 7$2.1M

Total revenueLn 12$64.5M

Assets in detailPt X, end of year

SavingsLn 2$5.0M

Cash and savings togetherLn 1–2$5.0M

InvestmentsLn 11–13$29.5M

Land, buildings, equipmentLn 10c$30.8M

Other assetsLn 15$5.5M

Total assetsLn 16$73.6M

LiabilitiesLn 26$20.9M

Net assetsLn 32$52.7M

OperationsPt I, VI

EmployeesI 5891

VolunteersI 6100

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$6.0M	$5.0M
InvestmentsLn 11–13	$26.1M	$29.5M
Land, buildings, equipmentLn 10c	$32.3M	$30.8M
Total assetsLn 16	$73.6M	$73.6M
LiabilitiesLn 26	$20.4M	$20.9M
Net assetsLn 32	$53.2M	$52.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$30.6M	$30.6M
Pay of current officers, directors and key staffLn 5	$694K	$557K	$120K	$16K
Other salaries and wagesLn 7	$12.7M	$10.2M	$2.2M	$296K
Pension plan contributionsLn 8	$296K	$237K	$51K	$7K
Other employee benefitsLn 9	$2.7M	$2.2M	$477K	$64K
Payroll taxesLn 10	$890K	$715K	$154K	$21K
Legal feesLn 11b	$19K	$14K	$5K	$680
Accounting feesLn 11c	$104K	$83K	$18K	$2K
Investment management feesLn 11f	$58K		$58K
Other fees for servicesLn 11g	$326K	$262K	$57K	$8K
Advertising and promotionLn 12	$394K	$317K	$68K	$9K
Office expensesLn 13	$609K	$489K	$106K	$14K
Information technologyLn 14	$249K	$200K	$43K	$6K
OccupancyLn 16	$2.0M	$1.6M	$341K	$46K
Conferences, conventions and meetingsLn 19	$3K	$2K	$523	$70
InterestLn 20	$434K	$348K	$75K	$10K
Depreciation, depletion and amortizationLn 22	$2.3M	$1.9M	$405K	$54K
InsuranceLn 23	$618K	$497K	$107K	$14K
Other expenses (24a–d)Ln 24	$7.1M	$5.7M	$1.2M	$165K
All other expensesLn 24e	$2.4M	$1.9M	$401K	$56K
Total functional expensesLn 25	$64.5M	$57.8M	$5.9M	$790K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$64.5M	$64.5M	−$25K	$52.7M	990 PDF
FY2024	$62.3M	$62.8M	−$538K	$53.2M	990 PDF
FY2023	$58.5M	$63.2M	−$4.7M	$50.2M	990 PDF
FY2022	$60.4M	$59.2M	$1.2M	$55.8M	990 PDF
FY2021	$60.8M	$56.9M	$3.8M	$58.9M	990 PDF
FY2020	$50.8M	$50.5M	$265K	$48.2M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $64,520,611 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,208,081$4,696,676

I-9 Program service revenuePrior year $54,228,156$55,823,862

I-10 Investment incomePrior year $1,866,539$2,674,266

I-11 Other revenuePrior year −$1,378$1,325,807

I-12 Total revenuePrior year $62,301,398$64,520,611

I-13 Grants and similar amounts paidPrior year $29,548,973$30,612,715

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $16,965,903$17,345,209

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $16,324,463$16,587,869

I-18 Total expensesPrior year $62,839,339$64,545,793

I-19 Revenue less expensesPrior year −$537,941−$25,182

Part VI · Governance 10 of 11 board members independent, no flags

VI-1a Voting members of the governing body11

VI-1b Independent voting members10

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 $64,520,611 across 11 lines filed

VIII-1c Fundraising events$25,920

VIII-1e Government grants$806,501

VIII-1f All other contributions, gifts and grants$3,864,255

VIII-1h Total contributions, gifts and grants$4,696,676

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,823,862$55,823,862

VIII-3 Investment incomeExcluded from tax $561,211$561,211

VIII-6 Net rental income or lossExcluded from tax $10,305$10,305

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,113,055$2,113,055

VIII-8 Net income from fundraising eventsExcluded from tax $1,597$1,597

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,313,905$1,313,905

VIII-12 Total revenueRelated to mission $55,823,862 · Unrelated business $0 · Excluded from tax $4,000,073$64,520,611

Part IX · Statement of functional expenses $64,545,793 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $30,612,715$30,612,715

IX-5 Pay of current officers, directors and key staffPrograms $557,205 · Management $120,356 · Fundraising $16,170$693,731

IX-7 Other salaries and wagesPrograms $10,214,747 · Management $2,206,389 · Fundraising $296,428$12,717,564

IX-8 Pension plan contributionsPrograms $237,351 · Management $51,268 · Fundraising $6,888$295,507

IX-9 Other employee benefitsPrograms $2,207,176 · Management $476,751 · Fundraising $64,051$2,747,978

IX-10 Payroll taxesPrograms $715,192 · Management $154,482 · Fundraising $20,755$890,429

IX-11b Legal feesPrograms $13,667 · Management $5,064 · Fundraising $680$19,411

IX-11c Accounting feesPrograms $83,135 · Management $17,957 · Fundraising $2,413$103,505

IX-11f Investment management feesManagement $58,206$58,206

IX-11g Other fees for servicesPrograms $261,833 · Management $56,556 · Fundraising $7,598$325,987

IX-12 Advertising and promotionPrograms $316,569 · Management $68,379 · Fundraising $9,187$394,135

IX-13 Office expensesPrograms $489,220 · Management $105,672 · Fundraising $14,197$609,089

IX-14 Information technologyPrograms $199,707 · Management $43,137 · Fundraising $5,795$248,639

IX-16 OccupancyPrograms $1,576,609 · Management $340,548 · Fundraising $45,753$1,962,910

IX-19 Conferences, conventions and meetingsPrograms $2,421 · Management $523 · Fundraising $70$3,014

IX-20 InterestPrograms $348,458 · Management $75,267 · Fundraising $10,112$433,837

IX-22 Depreciation, depletion and amortizationPrograms $1,873,258 · Management $404,624 · Fundraising $54,361$2,332,243

IX-23 InsurancePrograms $496,738 · Management $107,296 · Fundraising $14,415$618,449

IX-24 Other expenses (24a–d)Programs $5,695,051 · Management $1,230,133 · Fundraising $165,268$7,090,452

IX-24e All other expensesPrograms $1,930,676 · Management $401,288 · Fundraising $56,028$2,387,992

IX-25 Total functional expensesPrograms $57,831,728 · Management $5,923,896 · Fundraising $790,169$64,545,793

Part X · Balance sheet $73,589,111 assets, 17 lines filed

Asset lines not itemized here account for $815,793; see the IRS return.

X-2 Savings and temporary cash investmentsStart of year $5,974,483$5,046,712

X-3 Pledges and grants receivableStart of year $1,396,380$1,116,322

X-4 Accounts receivableStart of year $656,135$872,730

X-10c Land, buildings and equipment, netStart of year $32,267,266$30,816,665

X-11 Publicly traded securitiesStart of year $26,056,960$29,459,982

X-15 Other assetsStart of year $6,362,436$5,460,907

X-16 Total assetsStart of year $73,635,881$73,589,111

X-17 Accounts payable and accrued expensesStart of year $2,570,234$2,797,746

X-18 Grants payableStart of year $641,977$536,771

X-19 Deferred revenueStart of year $625,988$1,338,422

X-20 Tax-exempt bond liabilitiesStart of year $15,316,650$14,600,740

X-25 Other liabilitiesStart of year $1,240,570$1,615,954

X-26 Total liabilitiesStart of year $20,395,419$20,889,633

X-27 Net assets without donor restrictionsStart of year $17,032,773$16,468,483

X-28 Net assets with donor restrictionsStart of year $36,207,689$36,230,995

X-32 Total net assets or fund balancesStart of year $53,240,462$52,699,478

X-33 Total liabilities and net assetsStart of year $73,635,881$73,589,111

Part XI · Reconciliation of net assets $52,699,478 net assets at year end

XI-1 Total revenue$64,520,611

XI-2 Total expenses$64,545,793

XI-3 Revenue less expenses−$25,182

XI-4 Net assets at start of year$53,240,462

XI-5 Net unrealized gains (losses) on investments−$101,956

XI-9 Other changes in net assets−$413,846

XI-10 Net assets at end of year$52,699,478

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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